Category: featured_news

MGX Minerals Closes $4.1 Million Second Tranche of Oversubscribed Private Placement

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce that is has closed the second and final tranche of a non-brokered, private placement for 4,079,000 units (“Units”) at a price of $1.00 per Unit for gross proceeds of $4,079,000 (the “Offering”). The aggregate gross proceeds raised under the Offering was $7,137,000 through the issuance of an aggregate of 7,137,000 Units. The Offering was made concurrently with a private placement of flow through units, of which a second and final tranche is also expected to close this week. read more

Sierra Metals Announces the Appointment of Alberto Beeck as Advisor and Alejandro Perellón as Observer to its Board of Directors

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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.  read more

GGX Gold Corp’s shares begin trading on the OTCQB Venture Market

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GGX Gold logo

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. read more

Gowest Gold Closes Final Tranche of Private Placement

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V.GWA, Gowest Gold, gold,Greg Romain

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. read more

Sierra Metals reports positive drilling results on wide high-grade structures from the Cuye Zone at the Yauricocha Mine, Peru

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T.SMT, Sierra Metals
Figure 1 - Yauricocha Mine (CNW Group/Sierra Metals Inc.)
  • Current Drilling program at the Cuye Zone reflects high grade Polymetallic and Copper mineralization which continue and remain open to depth
  • 11 holes have been completed to date from the 1070 level in the Cuye area
  • Copper sulphide mineralized areas have been defined containing widths of more than 45 meters which remain open at depth
  • Mineralized areas noted in core identified large dioritic intrusive inclusions which suggest wider orebodies exist
  • Drill hole 10 intercepted over 75 meters of continued high grade polymetallic and copper mineralization and included a 15-meter intercept of polymetallic mineralization followed by a 44-meter copper sulphide intercept
  • Drilling program also intercepted low-grade disseminated copper mineralization in the intrusive formation, which opens a new exploration concept not explored or known before at Yauricocha

___________________________________________________________________ read more

GGX Gold Closes Private Placement

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GGX Gold logo

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. read more

MGX Minerals Commences Exploration and Permitting at Kootenay and Wonah Silicon Projects; Metallurgy Process Design for Testing of Solar Grade Silicon Applicability Completed

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CSE:XMG, MGX Minerals, lithium,

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. read more

MGX Minerals Advances 110,000 Acre Petrolithium Project Paradox Basin, Utah

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CSE:XMG, MGX Minerals, lithium,

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. read more

Golden Predator Drilling Extends 3 Aces Project High Grade over 200 m and Confirms Near Surface Bulk Tonnage Type Mineralization

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Golden Predator, V.GPY, gold, Yukon, Bill Sheriff

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. read more

Margaux Resources Announces Extension for Completion of its Non-Brokered Private Placement of Flow-Through Shares and Units

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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. read more