Tag: gold

Rye Patch Gold Completes 2017 Principal Repayments on its Credit Facility

JayCurrie
V.RPM, Rye Patch Gold, gold, Nevada

VANCOUVER, Jan. 3, 2018 /CNW/ – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) reports that in December, 2017, the Company completed its US$4.0 million principal repayment and paid US$609,000 in interest pursuant to its credit agreement with Macquarie Bank Limited. An aggregate of US$5.1 million in principal repayments was made in 2017, reducing the outstanding principal balance to US$21.8 million. The credit facility was used in the construction and re-start of the Company’s flagship Florida Canyon mine in Pershing County, Nevada. read more

Marathon Announces Closing of $5M Bought Deal Offering of Flow-Through Shares

MotherlodeTV
T.MOZ, Marathon Gold, gold, Newfoundland, Phillip Walford

Marathon Gold Corporation (TSX:MOZ) (OTCQX:MGDPF) (“Marathon” or the “Corporation“) is pleased to announce the closing of a “bought deal” private placement of an aggregate of 4,066,000 common shares of the Corporation that will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (“Flow-Through Shares“) at an issue price of $1.23 per Flow-Through Share (the “Issue Price“) for aggregate gross proceeds of $5,001,180 (the “Offering“), including the exercise in full of the underwriters’ option to purchase an additional 1,650,000 Flow-Through Shares at the Issue Price. The Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp., on behalf of a syndicate of underwriters that included Haywood Securities Inc., RBC Capital Markets and Raymond James Ltd. (collectively, the “Underwriters“). read more

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

MotherlodeTV

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

MotherlodeTV
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

MotherlodeTV
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

MotherlodeTV
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

MotherlodeTV
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