Author: MotherlodeTV

Eloro Resources Closes C$25 Million Bought Deal Financing

MotherlodeTV
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the over-allotment option, of 6,670,000 units of the Company (“Units”) at a price of C$3.75 per Unit (the “Issue Price”) for aggregate gross proceeds to the Company of C$25,012,500 (the “Offering”). Each Unit consists of one common share (a “Common Share”) in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company. Each Warrant is exercisable to acquire one Common Share (a “Warrant Share”) at a price per Warrant Share of C$5.25 for a period of 24 months from the closing date of the Offering, provided that, the expiry date of the Warrants may be accelerated by the Company at any time following the six-month anniversary of the closing date of the Offering and prior to the expiry date of the Warrants if the volume-weighted average trading price of the Company’s Common Shares is greater than C$7.00 for any 20 consecutive trading days, at which time the Company may accelerate the expiry date by issuing a press release to announce the reduced warrant term, whereupon the Warrants will expire on the 20th calendar day after the date of such press release. read more

Etruscus Receives DTC Eligibility

MotherlodeTV
C.ETR, Etruscus Resources, gold, BC

Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the “Company” or “Etruscus”) is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC“) in the United States. The Company’s shares currently trade on the OTC under the symbol “ETRUF“. read more

GR Silver Mining Drills Wide, High-Grade Silver Mineralization in the Plomosas Mine Area

21.0 m @ 377 g/t Ag, 0.23 g/t Au, 0.7 % Pb and 1.5 % Zn (466 g/t AgEq1) Including:7.0 m @ 633 g/t Ag, 0.20 g/t Au, 0.9 % Pb and 1.5 % Zn (726 g/t AgEq)
MotherlodeTV
Figure 1: Location Map – Longitudinal Section Plomosas Mine Area (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (TSXV: GRSL) (FRANKFURT: GPE) (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) – is pleased to report results from the Company’s current core drilling program, demonstrating wide intercepts of silver mineralization from underground drilling in the Plomosas Mine Area at the Plomosas Silver Project (“Plomosas Project”) in Sinaloa, Mexico. read more

Eloro Resources Announces the Exercise in Full of the Bought Deal Financing Over-Allotment Option by the Underwriters

MotherlodeTV
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that, in connection with its previously announced bought deal financing (the “Financing”) (see Eloro press releases dated March 2, 2021, March 3, 2021 and March 8, 2021), and further to the filing of the final short form prospectus on March 18, 2021 with the applicable securities regulators in each of the provinces of Canada, except Quebec, Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation as co-lead underwriters and joint-bookrunners, and Cormark Securities Inc. as co-lead underwriter (collectively, the “Underwriters”), have elected to exercise their over-allotment option (“Over-Allotment Option”) in full. read more

First Mining’s Joint Venture Partner Fulfils Stage 1 Expenditure Requirements for the Pickle Crow Gold Project, Ontario, Canada

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A map showing the identified regional shear zones and walk-up drill targets within the property area (CNW Group/First Mining Gold Corp.)

First Mining Gold Corp. (“First Mining” or the “Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to report that it has received notice from Auteco Minerals Ltd (“Auteco”) (ASX: AUT) that Auteco has fulfilled the Stage 1 $5 million expenditure requirement as stipulated under the earn-in agreement with First Mining in respect of the Pickle Crow Gold Project (“Pickle Crow”) located in northwestern Ontario, Canada. As a result, Auteco will now hold a meeting of its shareholders to approve the issuance of 100,000,000 Auteco shares to First Mining, and it will apply to the Australian Securities Exchange (the “ASX”) for listing approval for such shares.  First Mining expects to receive the 100,000,000 Auteco shares by the end of April, and upon receipt of such shares, Auteco will earn a 51% interest in PC Gold Inc. (“PC Gold”), the Company’s wholly-owned subsidiary that owns Pickle Crow. read more

Clean Air Metals hits Norilsk-style Nickel-Copper Massive Sulfides, 350m North of Escape South High Grade Zone

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Figure 1 – 2021 Drill Hole Intercepts in the Escape Lake Deposit Area (CNW Group/Clean Air Metals Inc.)

Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) is very pleased to announce new assay results from the drilling campaign at the Escape Lake Deposit currently underway at the Company’s Thunder Bay North Project (the “Project“). Highlights in Table 1 and Figure 1 include: read more

Tocvan Completes Exploration Program at Pilar Gold-Silver Project Sonora, Mexico. Mapping Defines Three New Vein Zones.

MotherlodeTV
CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (CNSX:TOC.CN) (“Tocvan” or the “Corporation”) is pleased to provide an update on exploration at its flagship Pilar Gold-Silver Project. Work completed includes detailed mapping and sampling of key targets across the Project Area (Figure 1). The aim of the program was to advance key targets with no previous mapping or detailed sampling to drill ready status for a Phase II drill program. A total of 207 rock chip samples were collected covering the entire property, assay results are pending. read more