Defiance Silver 5,750,001-share private placement
Momentum Public Relations
Press Release: November 10, 2017
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 15, 2017.
First tranche
Number of shares: 4,860,001 shares
Purchase price: 30 cents per share
Warrants: 4,860,001 share purchase warrants to purchase 4,860,001 shares
Warrant exercise price: 45 cents for a two-year period
Number of placees: 36 placees
Insiders: Ronald E. Sowerby, 100,000; Kesa Capital Corp. (Darrell Rader), 35,000; Paul A. Smith, 175,000; Windermere Capital Fund SPC/Navigator SP (Victor Murray), 700,000
Finders’ fees: $10,080 cash and 33,600 warrants payable to Raymond James Ltd.; $8,000 cash payable to Mackie Research Capital Corp.; $93,640 cash payable to Windermere Capital (Canada) Inc. (Finder’s fee warrants are exercisable at 45 cents per share for two years.)
Second tranche
Number of shares: 890,000 shares
Purchase price: 30 cents per share
Warrants: 890,000 share purchase warrants to purchase 890,000 shares
Warrant exercise price: 45 cents for a two-year period
Number of placees: 45 placees
Insider: Roy Bonnell, 80,000
Finder’s fee: $19,440 cash payable to Windermere Capital (Canada) Inc. (Finder’s fee warrants are exercisable at 45 cents per share for two years.)
- Published in Defiance Silver, Mining
Corex Announces Non-Brokered Private Placement for up to $2,000,000
Momentum Public Relations
Press Release: November 2, 2017
Vancouver, BC – November 2, 2017 – Corex Gold Corp. (the “Company”) is pleased to announce a non-brokered private placement of up to 20,000,000 units at a price of CAD$0.10 per unit, for aggregate gross proceeds of up to CDN $2,000,000. Each Unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will be exercisable by the holder to acquire one additional common share at a price of CAD$0.20 for a period of eighteen (18) months following the closing of the financing.
The net proceeds from this private placement will be used for Corex’s Santana project and for general working capital purposes. The proposed financing is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a statutory four month hold period under applicable securities laws. Finders’ fees in cash or warrants may be payable in accordance with the policies of the Exchange.
About Corex Gold Corp
Corex Gold Corp is a Canadian resource company focused on achieving near-term economic gold production from its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned flagship property, Santana Project, Sonora State, Mexico.
ON BEHALF OF THE BOARD
“Doug Ramshaw”
President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Doug Ramshaw,
President & CEO
Tel: 236.521.0429
Fax: 604.683-2506
E-mail: doug@corexgold.com
Website: www.corexgold.com
Cautionary Statement:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.” The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.’s filings with the appropriate securities commissions.
- Published in Corex Gold, Mining, News Home
Deep-South Has Closed the First Tranche of a Private Placement
Momentum Public Relations
Press Release: November 2, 2017
Vancouver, B.C., Canada / TheNewswire / November 2, 2017 – Deep-South Resources Inc. (“Deep-South” or “theCompany”) (TSX-V: DSM) announces that it has closed a non-brokered private placement for gross proceeds of up to $195,140 (“the Offering”). Procedures to close a second tranche will start shortly.
The non-brokered private placement comprises 887,000 units (the “Units”) of Deep-South, at a subscription price of $0.22 per Unit. Each Unit consist of one (1) common share and one half (1/2) of one common share purchase warrant (“Warrant”) of Deep-South. Each full Warrant entitles the holder thereof to purchase one (1) Deep-South common share at an exercise price of $0.30 during a period of thirty six (36) months from the date of closing of the placement. Each security issued pursuant to the placement has a mandatory four (4) months holding period from the date of closing of the placement.
The Company has paid Raymond James a finder’s fee of $5,456 and issued 24,800 Compensation Warrants. The Company has also paid Foster & Associates Financial Services Inc, a finder’s fee of $4,840 and issued 22,000 Compensation Warrants. The Compensation Warrants have the same terms and conditions as the Warrants. Each security issued pursuant to the placements has a mandatory four (4) month hold period from the date of closing of the placements.
About Deep-South Resources Inc.
Deep-South Resources Inc. is a mineral exploration company largely held by Namibian shareholders and Teck Resources Ltd, which holds about 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Deep-South share capital. Deep-South is actively involved in the acquisition, exploration and development of major mineral properties. Deep-South currently holds 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Haib Copper project in Namibia, one of the largest copper porphyry in Africa. Deep-South’s growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure, in stable countries.
This press release contains certain “forward-looking statements,” as identified in Deep-South’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
More information is available by contacting:
Paradox Public Relations at +1-514-341-0408 or Pierre Leveille, President & CEO at: +1-819-340-0140 or at info@deepsouthresources.com.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Deep South Resources Inc., Mining, News Home
Arctic Star closes $965,000 first tranche of financing
Momentum Public Relations
Press Release: November 1, 2017
Arctic Star Exploration Corp. has completed the first tranche of its previously announced non-brokered private placement, as described in its news release dated Oct. 26, 2017, pursuant to which it has issued an aggregate of 9.65 million units at a price of 10 cents per unit for gross proceeds of $965,000. Each unit consists of one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant is exercisable into one additional share at a price of 15 cents per share for a period of 24 months from the closing date. The company intends on completing additional tranches of the private placement.
The securities issued under the financing and the shares that may be issuable on exercise of the warrants are subject to a statutory hold period expiring on March 1, 2018.
The company paid a cash finder’s fee of $40,800 to a certain finder and issued 408,000 share purchase warrants to one finder in connection with the first tranche of the financing. Each finder’s warrant is exercisable into one share at a price of 10 cents per share for a period of two years from the date of issuance.
The company plans to use the proceeds from the private placement for exploration of the Foriet diamond property and for general working capital.
An insider of the company subscribed for a total of 350,000 units under the financing. The company did not file a material change report more than 21 days before completion of this tranche of the private placement because management believed that it was in the company’s best interest to close promptly and that the filing of a material change report in less than 21 days was reasonable under the circumstances.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Arctic Star Exploration, Mining, News Home
Corex Gold Corp.: Santana heap-leach gold project; 2017 Construction update
Momentum Public Relations
Press Release: March 29, 2017
VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 29, 2017) – Corex Gold Corp. (TSX VENTURE:CGE) (“Corex” or the “Company”) is continuing construction and mining activities at its 100 -owned Santana heap-leach gold project in Sonora, Mexico.
Jaw crushing and loading started on Nicho Norte zone in late November 2016. A total of 11,210 tonnes of material was crushed in November and December and loaded onto the 1st leach pad. An additional 11,989 tonnes were loaded in January bringing the total to 23,199 tonnes. The pad loading was completed on January 26, 2017. The heap was contoured and the surface broken up in preparation for leaching.
Construction continued on the bulk test process plant and the completion of the distribution system plumbing with several application methods of leach fluid tested. Application of charged leachant to establish alkaline pH has begun with metal leaching to commence later this month.
A second leach pad will allow a separate batch of finer crushed material to be tested to determine the leach and cost characterization of much finer crushing. The results from the two bulk leach pads will be utilized by the Company to verify metallurgical viability of heap leaching and to optimize the most efficient operating methods and equipment.
Construction of the 2nd leach pad, which connects to the first leach pad, is in progress. The 2nd leach pad is about 4,500 square meters. The earthwork or moving of material is substantially complete. The HDPE liners have been ordered and should be installed in early March 2017. This will provide a total leach pad of about 9,000 square meters.
(For recent photos of the Santana heap-leach gold project click here).
“This is an exciting time for shareholders, as we commence our bulk mining and process testing on our Santana Gold Project,” said Craig Schneider, Corex’s President and CEO.
The Company is not basing its production effort on a feasibility study with demonstrated mineral reserves and estimated economic and technical viability. As a result, the Company acknowledges and accepts the higher risk of failure with uncertainty of unverified economic and technical outcome. Corex believes the past experience and prudent track record of Chester Millar developing this type of mine helps ameliorate possible technical risk.
Mel Herdrick P. Geo., is the acting Qualified Person as defined by National Instrument 43-101. He has reviewed and approved the preparation of the technical information in this release. He is a shareholder of the company.
The reader should be cautioned the Company has neither completed economic nor technical feasibility studies or metallurgical studies confirming the projected production capacity at Santana and there is no certainty the Company’s plans will be economically viable.
About Corex Gold Corp.
Corex Gold Corp. is a Canadian resource company focused on achieving near-term economic gold production from its 100 owned flagship property, Santana Project, Sonora State, Mexico.
Cautionary Statement:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.’s filings with the appropriate securities commissions.
Corex Gold Corp.
Craig Schneider
President & CEO
604.683.2506
604.683.2505
info@corexgold.com
www.corexgold.com
- Published in Corex Gold, Mining, News Home
Corex Receives First Proceeds From Gold Sales At Santana Property
Momentum Public Relations
Press Release: October 31, 2017
VANCOUVER, British Columbia, Oct. 31, 2017 (GLOBE NEWSWIRE) — Corex Gold Corp. (TSXV:CGE) (OTCQB:CGEKF) (“Corex” or the “Company”), is pleased to report that it has received net proceeds of US$278,685.67 from gold recovered and sold from the first gold-in-carbon concentrate shipment (see news release dated October 18th, 2017) from the Santana heap-leach gold project in Sonora, Mexico.
Corex has been conducting bulk testing heap-leach activities at its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned Santana property during 2017 on a roughly 25,000 tonne bulk sample of coarse crushed material. A second shipment of gold-in-carbon concentrate is expected to be exported to the U.S., which will allow the Company to reconcile the data obtained from the bulk leach test work on the coarse crushed material before embarking on a fine crushed bulk test that will ultimately aid in determining the optimized crush size for future leaching of the Nicho North and Nicho zones.
“The first gold sold from the Santana property is not only validation of Chester Millar and our technical team’s belief in the open-pit heap-leach amenable Santana property but also the culmination of years of effort from those that preceded him and originally identified the prospectivity of the area. We look forward to completing the ongoing bulk testing and optimization studies and using future gold concentrate production to reconcile the larger scale potential of the core Nicho zones,” stated Doug Ramshaw, President and CEO.
Custom carbon desorption and precious metal recovery is carried out by Metals Research Corporation in Kimberly, Idaho. Thereafter, the doré is delivered for refining to Cascade Refining Inc. of Salt Lake City, Utah. The refining recovered a total of 219.727 oz of gold and 32.589 oz of silver with a net payable (98.15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of gold and 85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of silver) to Corex amounting to 215.662 oz of gold and 27.7 oz of silver.
As specified in the technical operating agreement between Corex and MDG, the proceeds from gold sales recorded during this bulk testing phase will be reinvested to continue development of Santana and reimburse ongoing costs incurred by MDG.
The Company is not basing any production decision on a feasibility study of mineral reserves demonstrating economic and technical viability. Corex acknowledges and advises there is increased uncertainty and that there are specific economic and technical risks of failure associated with any production decision. Corex believes the historic experience and track record of Chester Millar with gold heap leaching, of advancing in careful prudent steps, helps ameliorate possible technical risk.
Mel Herdrick, P. Geo., is the acting Qualified Person as defined by National Instrument 43-101. He has supervised the preparation of the technical information in this release. He is a shareholder of the company.
The reader is cautioned the Company has neither completed economic nor technical feasibility studies or metallurgical studies confirming the projected production capacity at Santana and that there is no certainty the Company’s plans will be economically viable. Historically, such projects have a much higher risk of economic or technical failure.
About Corex Gold Corp
Corex Gold Corp is a Canadian resource company focused on achieving near-term economic gold production from its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned flagship property, Santana Project, Sonora State, Mexico.
FOR FURTHER INFORMATION PLEASE CONTACT:
Doug Ramshaw
President & CEO
Tel: 236.521-0429
Fax: 604.683-2506
E-mail: doug@corexgold.com
Website: www.corexgold.com
Cautionary Statement:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.” The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.’s filings with the appropriate securities commissions.
- Published in Corex Gold, Mining, News Home