VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/16/12 — First Majestic Silver Corp. ("First Majestic") (TSX: FR)(NYSE: AG)(FRANKFURT: FMV) and Orko Silver Corp. ("Orko") (TSX VENTURE: OK)(PINKSHEETS: OKOFF)(FRANKFURT: OG3) are pleased to announce that the companies have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of Orko for consideration
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/16/12 — First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX: FM)(LSE: FQM)HighlightsFinancialStrategicCommenting on the Offer, Philip Pascall, CEO and Chairman of First Quantum, said:"We believe strongly in the prospects of a combination for our two companies, which are uniquely complementary. The enlarged group will draw on the best physical and human resources of both First Quantum and Inmet, to creat
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/14/12 — Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that the Federal District Court for Eastern Washington has ruled in favor of the plaintiffs in Phase 1 of the Pakootas case. The court has issued a declaratory judgment that Teck Metals Ltd. ("TML") is liable under CERCLA for response costs, the amount of which will be determined in the subsequent phase of the case. The subsequent hear
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/14/12 — Lions Gate Metals Inc. (TSX VENTURE: LGM) ("Lions Gate" or the "Company") is pleased to provide the following corporate update:Line of Credit FacilityLions Gate has arranged a line of credit facility with 0932879 BC Ltd. ("BC Co."), a company with a director in common with Lions Gate Metals Inc. Pursuant to the terms of the agreement, BC Co. will provide the Company with up to one hundred thousand dollars
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/14/12 — Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM)(NYSE: SVM) today reported that as a result of work by the local power authority in upgrading a sub-station, power to the local area where TLP, HPG and LM mines as well as the two mills are located will be suspended for approximately 4 to 5 days from December 15, 2012. The Company expects that the temporary power suspension will result in a reduction o
TORONTO, ONTARIO — (Marketwire) — 12/14/12 — Ferro Iron Ore Corp. (TSX VENTURE: RRO) reports the departure of Mr. Craig Lindsay from his position as Chief Executive Officer and Director of Ferro. Mr. Lindsay has tendered his resignation from the company as he intends to focus on other opportunities. Ferro is in final negotiations with a new Chief Executive Officer and expects to provide an update in due course.The management and board of Ferro would like to thank Mr. Lindsay for his service
TORONTO, ONTARIO — (Marketwire) — 12/14/12 — Duncan Park Holdings Corporation (TSX VENTURE: DPH)(OTCQX: DCNPF) announced that it has issued 500,000 of "flow-through" common shares at a price of $0.05 per share, pursuant to its previously announced private placement.Proceeds from the $25,000 private placement will be used for the Company-s exploration program on its Red Lake properties. An insider of the Company subscribed for 100% of the shares issued pursuant to the private place
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/14/12 — Canaco Resources Inc. (TSX VENTURE: CAN) ("Canaco" or the "Company") today announces Brian Lock has resigned from the Company-s Board of Directors, effective immediately, citing personal circumstances.About CanacoCanaco is a Vancouver-based mineral exploration company focused on advanced exploration projects in Africa. The Company has $90 million cash and no debt. Canaco-s shares trade on the TSX Venture Exchange un
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/14/12 — Nevada Sunrise Gold Corporation (the "Company") (TSX VENTURE: NEV) reports that the disclosure made regarding our new Director, Michael Sweatman, in the News Release dated December 4, 2012 was incorrect and should have read as follows: Mr. Sweatman is a Chartered Accountant and operates MDS Management Ltd., a Vancouver-based management consulting company, since November 1992. In addition, Mr. Sweatman serves on a number of re
FORT LAUDERDALE, FL — (Marketwire) — 12/14/12 — SEACOR Holdings Inc. (NYSE: CKH) ("SEACOR") today announced an adjustment to the conversion rate of its 2.50% convertible senior notes due 2027 (the "notes") in connection with its previously announced cash dividend of $5.00 per common share payable on or about December 26, 2012 to shareholders of record on December 17, 2012. As a result of this dividend, the conversion rate was adjusted to 9.2089 from 8.6879 shares of SEACO
