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As of on the TSX Venture Exchange ∙ Minimum 15 minute delay
July 22 (Reuters) - Salazar Resources Ltd <SRL.V>::SALAZAR RESOURCES - AFTER ANNUAL GENERAL MEETING OF SHAREHOLDERS DIRECTORS APPOINTED FREDY SALAZAR AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF COMPANY.SALAZAR RESOURCES LTD - AFTER ANNUAL GENERAL MEETING OF SHAREHOLDERS OF CO, DIRECTORS APPOINTED PABLO ACOSTA AS CHIEF FINANCIAL OFFICER.
Jan 30 (Reuters) - Salazar Resources Ltd <SRL.V>::SALAZAR ACQUIRES NEW PROJECT IN ECUADOR.SALAZAR RESOURCES LTD - ACQUISITION OF MACARA PROJECT IN OCCIDENTAL CORDILLERA OF ANDEAN PROVINCE OF LOJA IN SOUTHWESTERN ECUADOR.
Sept 14 (Reuters) - Adventus Zinc Corp <ADZN.V>:Adventus Zinc enters into option agreement with Salazar Resources on the Curipamba copper-zinc-gold project and forms exploration alliance in Ecuador.Co and Salazar Resources Limited entered into a definitive option agreement.Adventus Zinc- As per agreement company may earn 75 percent interest in Salazar's Curipamba project by funding exploration & development expense of $25 million in next 5 years.
Salazar Resources Ltd:Says company has agreed to sell up to $600,000 of Promissory Notes.To date company has received $200,000 on account of this financing from arm's length parties and is working to close out balance over the coming days.Proceeds from this financing will be used to pay annual tenure costs for company's mining concessions in Ecuador and for general working capital.Key terms of Notes to be issued are that they are unsecured, bear interest at 12 pct, and mature on March 31, 2016.has also agreed to issue to Note holders advancing $600,000 a total of 761,500 non-transferable share purchase warrants.
Salazar Resources Ltd:Salazar Resources Ltd. and Guangshou Group Co. Ltd. (Guangshou), announces that they have entered into letter-of-intent (LOI).Says for Joint Venture to develop Curipamba Project and advance El Domo deposit to commercial production.The LOI sets out certain terms and conditions pursuant to which Guangshou will finance development of El Domo deposit to commercial production.Says with commitment to invest $50 mln to earn 60 pct equity interest in Curimining S.A., an Ecuador corporation that is wholly-owned subsidiary of Salazar, all of which is subject to negotiation of definitive development and shareholders agreement between Guangshou and Salazar.
Salazar Resources Ltd:Says it has made a final submission to the TSX Venture Exchange for a first tranche closing of its private placement announced on March 26.Says it proceed with the closing of this portion of the private placement by issuing a total of 5,102,443 units at a price of C$0.22 per unit.Gross proceeds of C$1,122,537.46.
Salazar Resources Ltd:Announces non-brokered private placement financing of up to 9 mln units at $0.22 per unit for gross proceeds of $1,980,000.Net proceeds from the private placement will be used to fund the company's exploration properties and for general working capital purposes.
Salazar Resources Ltd announced that it has completed the final closing of its private placement (the Private Placement) and issued 2,555,086 units of the Company (Units), at a price of $0.22 per Unit to raise total gross proceeds of $562,119. Each Unit consists of one common share of the Company (Common Share) and one-half of a share purchase warrant (Warrant). Each full Warrant entitles the holder to purchase an additional Common Share of the Company for a period of 18 months at a price of $0.35 per Common Share. The gross proceeds received from this portion of the Private Placement are to be used for general working capital purposes.
Salazar Resources Ltd announced that it has completed a first closing of its private placement (the Private Placement) and issued 4,545,455 units of the Company (Units) to Urion Mining International BV, a wholly-owned subsidiary of Trafigura Beheer B.V. (together referred to as Urion), a privately held international commodity trading and logistics company, at a price of $0.22 per Unit to raise total gross proceeds of $1,000,000.10. Each Unit consists of one common share of the Company (Common Share) and one-half of a share purchase warrant (Warrant). Each full Warrant entitles the holder to purchase an additional Common Share of the Company for a period of 18 months at a price of $0.35 per Common Share. The gross proceeds received from the Private Placement are to be used to fund completion of a Preliminary Economic Assessment (the "PEA") on the El Domo property at the Curipamba Project, fund payment of tenure costs and also pay for agreed upon operational costs in respect of the Curipamba Project.
Salazar Resources Limited announced that the Company has closed a non-brokered private placement (the Private Placement) consisting of 6,000,000 units (the Units) at a price of $0.50 per Unit for gross proceeds of $3 million. Each Unit comprises one common share and one-half of one non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company for a period of two years from closing at a price of $0.65 per share. The Company wishes to clarify that further to its press release dated January 30, 2012, the warrants issued in the Private Placement are non-transferable. Over 80% of the Private Placement was taken-up by Lundin Mining Corporation. The Private Placement is designed to provide Lundin with an immediate 15.4% ownership of Salazar on a partially diluted basis after giving effect to the warrants held by Lundin. The Company has granted to Lundin a non-dilutive right where they may participate in any future equity financings conducted by Salazar so that they may maintain their ownership percentage. Additionally Silvercorp Metals Inc. participated in the Private Placement to maintain their pro-rata interest which currently sits at 10.7% on a partially diluted basis after giving effect to the warrants held by Silvercorp. The proceeds of the Private Placement will be used to fund the Company's exploration properties and for general working capital.
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