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Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL: SMT) (“Sierra Metals” or the “Company”) is pleased to announce the appointment of Mr. Alberto Beeck as an Adviser to its Board of Directors and Mr. Alejandro Perellón as an Observer to its Board of Directors, both effective immediately.
GGX GOLD CORP. (TSXV.GGX) (the “Company” or “GGX Gold”) is pleased to announce that the Company’s common shares begin trading today on the OTCQB® Venture Market in the United States under the symbol “GGXXF”. The Company’s common shares will continue to trade under the symbol “GGX” on the TSX Venture Exchange. The OTCQB Venture Market provides efficient access to U.S. investors, helping Canadian companies build shareholder value with a goal of enhancing liquidity and achieving fair valuation. Through trading on OTCQB, companies can engage a far greater network of U.S. investor, data distributors and media partners, ensuring U.S. investors have access to the same high-quality information that is available to investors in Canada, but through U.S. platforms and portals used to conduct research.
Gowest Gold Ltd. (TSX VENTURE:GWA) (the “Company“) is pleased to announce the final tranche closing of a previously announced non-brokered private placement for gross proceeds of $1,383,140. In connection with the final tranche closing, the Company issued 350,000 common share units at a price of $0.16 per unit for $56,000 and 7,373,000 flow-through units at a price of $0.18 per unit for $1,327,140. Each flow-through unit consists of one common share in the capital of the Company issued on a “flow through” basis pursuant to the Income Tax Act (Canada) and one half (1/2) of a common share purchase warrant. Each warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.25 per share for a period of 24 months from the date of issuance. The closing is subject to final acceptance by the TSX Venture Exchange of the private placement.
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GGX Gold Corp (TSXV:GGX) (the “Company” or “GGX”) is pleased to announce that is has closed the non-brokered private placement previously announced on November 17, and December 1, 2017 for gross proceeds of $405,000. The units of the financing are comprised of one common share at a price of $0.10 and a full share purchase warrant, which may be exercised for a period of three years at a price of $0.15 per share. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.20 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. The Company announces April 13, 2018 as the hold period expiry date for the private placement.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce development activity has commenced at its Kootenay and Wonah Silicon Projects located near Canal Flats, British Columbia. Exploration design and permitting activities have commenced. Archaeological assessment (AOA) and environmental assessment are expected to commence shortly. Infrastructure evaluation is currently underway including assessment of the bulk commodity load out facility at Canal Flats, inclusive of ten railcar siding, previously used for gypsum loading. High grade silica is the feedstock used in industrial silicon metal and solar silicon metal applications.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report that the initial ground survey is nearing completion in preparation for a detailed 3D seismic survey of its Utah Petrolithium project (the “Project”). The survey of the Project includes approximately 9,000 source points. This model will outline subsurface geological formations and structures favorable for accumulations of oil and gas as well as lithium brine bearing formations.
Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) is pleased to report results for 36 reverse circulation drill holes at the 3 Aces Project in southeast Yukon. Step-out drilling has extended the southern extent of the Spades zone by over 200 m and confirmed high-grade gold mineralization and near surface bulk tonnage type mineralization. Drilling on the northern extent of the Spades zone, approximately 1 km northwest of the step-out drilling, has encountered significant near surface bulk type mineralization.
Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) announces it has been granted an extension of its previously-announced non-brokered private placement for aggregate gross proceeds of up to $3 million (the “Offering”) until December 22, 2017. Additional details regarding the Offering can be found in the Company’s news release dated November 2, 2017 and December 7, 2017.
TerraX Minerals Inc. (TSXV: TXR) (OTC Pink: TRXXF) (FSE: TX0) is pleased to announce high-grade surface sampling results from the Ryan Lake area on its Northbelt property, one of eight new high-grade target areas identified on the Yellowknife City Gold Project during fieldwork this summer (see maps here).