Defiance Silver Corp. (“Defiance”) (TSX-V: DEF) and ValOro Resources Inc. (“ValOro”) (TSX-V: VRO) are pleased to announce that, further to their News Release dated September 17, 2018, Defiance and ValOro have signed a Definitive Arrangement Agreement (“Definitive Agreement”) dated November 5, 2018 to complete their friendly merger (“Transaction”). ValOro has arranged a special shareholder meeting for December 17, 2018 to vote on the merger and related matters.
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American International Ventures, Inc. Signs Joint Venture With PT Musi Bumi Energi
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Lithia, FL, Oct. 23, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — American International Ventures, Inc., (“AIVN”) has entered into a joint venture agreement with PT Musi Bumi Energi an Indonesia Corportion (“MBE”). MBE has an 8,855 hectare (21,881 acre) coal concession, located at Musi Banyuasin, South Sumatera, Indonesia. Coal reserves of approximately one hundred million (100,000,000) metric tons (Pre-Jorc estimate) of low rank subbituminous coal reserves located on said concession.
Americas Silver Corporation and Pershing Gold Corporation Announce Business Combination
TORONTO, ONTARIO – September 30, 2018 – Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver”) and Pershing Gold Corporation (NASDAQ: PGLC) (TSX: PGLC) (FWB: 7PG1) (“Pershing”) are pleased to announce that they have entered into a definitive agreement (the “Agreement”) to complete a business combination (the “Transaction”) and create a low-cost, precious metal growth company in the Americas.
First Majestic and Evrim Resources Agree to Exercise of Ermitaño and Cumobabi Option Agreements
VANCOUVER, British Columbia, Sept. 10, 2018 (GLOBE NEWSWIRE) — First Majestic Silver Corp. (“First Majestic”) and Evrim Resources Corp. (“Evrim”) are pleased to announce that the Ermitaño and Cumobabi project option agreements in Sonora, Mexico have now been exercised and that First Majestic has completed its 100% earn-in for both projects. In connection with the exercise, First Majestic has made a US$1.5 million cash payment to Evrim and has granted to Evrim, per the original 2014 option agreements, a 2% net smelter royalty (“NSR”) in the case of the Ermitaño project and a 1.5% NSR in the case of the Cumobabi project.
Riverside Signs New Partnership Agreement to Advance La Silla and Provides Glor Project Update
July 11, 2018 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI), and Sinaloa Resources Inc. (“Sinaloa”) is pleased to jointly announce that they have signed a letter of intent (the “LOI”) whereby Sinaloa can earn up to 100% interest in Riverside’s La Silla Project (the “Project”) located in Sinaloa, Mexico. The Project includes 2,071 hectares situated along the same regional trend and with the mineralization style as First Majestic’s San Dimas mine. Historic production along this trend has been estimated to total 11 million ounces of gold and 582 million oz. of silver, placing the district fourth in Mexico for precious metal production after Pachuca, Fresnillo and Guanajuato.
KOOTENAY ANNOUNCES OPTION AGREEMENT WITH CAPSTONE MINING FOR THE LA MINA PROJECT
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Kootenay Silver Inc.(TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce that its wholly owned Mexican subsidiary has entered into an option agreement (“Agreement”) with Capstone Mining Corp. (TSX: CS) (“Capstone Mining”) on the Company’s La Mina Project (“La Mina”), located 180 kilometers southeast of the city of Hermosillo in Sonora State, Mexico.La Mina was staked by Kootenay as part of its generative property portfolio strategy and covers the upper levels of a zoned copper porphyry mineral system exposed over a 2 by 2 kilometer area.