Trevali Mining Corporation (TSX:TV,LMA:TV,OTCQX:TREVF,FWB4TI) entered into a letter of engagement with Dundee Securities Ltd. Dundee has agreed to purchase a bought-deal private placement basis of 16,667,000 common shares for total gross proceeds of $10,000,200, at a price of $0.60 per share.
Trevali Mining Corporation (TSX:TV,LMA:TV,OTCQX:TREVF,FWB:4TI) provided a production update on its Santander Mine in Peru, and announced changes to its management team . The Company expects to commence crushing rock, to fill the base of the Fine Mill Feed Bin, over the next several days with mineralized material processing and production to follow thereafter.
Lithic Resources Ltd. (TSXV:LTH) received positive metallurgical testwork results in support of an ongoing Preliminary Economic Assessment for its West Desert zinc-copper-silver-gold-iron project in Utah.
Golden Arrow Resources Corporation (TSXV:GRG) announced its initial independent NI 43-101 resource estimate for the Chinchillas silver-lead-zinc project in Argentina: indicated 7.2 million tonnes grading 119 g/t silver, 0.57% lead and 0.48% zinc (32.6 million ounces silver equivalent (Ag Eq) at 141 g/t Ag Eq, and a 50g/t Ag Eq cut-off), and inferred 21 million tonnes grading 78 g/t Ag, 0.69% Pb and 0.62% Zn (72.2 million ounces Ag Eq at 107 g/t Ag Eq grade and 50 g/t Ag Eq cut-off).
Zazu Metals Corporation (TSX:ZAZ) has approved the adoption of a shareholder right plan, to provide both shareholders and the Board sufficient time to adequately consider a take-over bid.
Trevali Mining Corporation (TSX:TV,LMA:TV,OTCQX:TREVF,FWB:4TI) appointed Peter Meredith to its Board of Directors.
Prominex Resource Corp. (TSXV:PXR) announced that the Department of Natural Resources in St. John’s, Newfoundland and Labrador approved the Tulks Hill Mining Lease application.
Zazu Metals Corporation (TSX:ZAZ) signed a second Cost Reimbursement Agreement (CRA) with Alaska Industrial Development and Export Authority (AIDEA), which funds and enables AIDEA to continue studies on the road and port that currently services Teck’s Red Dog Mine.
Prominex Resource Corp. (TSXV:PXR) closed the private placement that was previously announced on April 5th, 2013 for net proceeds of $320,550. There were 21,370,000 units issued at a price of $0.015 per unit.
significantly increased the size and grade of the silver resource at the Sierra Mojada project in Mexico. The results showed an Indicated zinc resource of 2.19 billion pounds of zinc at an average grade of 1.38%.