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Hecla Mining to Sell Casa Berardi Gold Mine to Orezone for Up to US$593 Million

Investing 3 Mins Read

Hecla Mining Company (NYSE:HL) has agreed to sell its Casa Berardi gold operation in Québec to Orezone Gold (TSX:ORE,OTCQX:ORZCF) for total consideration of up to US$593 million.

The deal, announced on Monday (January 26), involves the sale of Hecla Québec, a wholly owned subsidiary of Hecla that holds the Casa Berardi mine and related exploration properties.

Under the terms of the agreement, Hecla expects to receive up to US$593 million through a mix of upfront cash, equity, deferred payments and contingent consideration.

Hecla will receive US$160 million in cash at closing, along with about 65.7 million Orezone common shares, representing about 9.9 percent of Orezone’s pro forma shares outstanding, currently valued at roughly US$112 million.

In addition, Hecla is set to receive US$80 million in deferred cash payments, split into US$30 million payable 18 months after closing and US$50 million payable after 30 months.

The remaining consideration is contingent and could total up to US$241 million.

It includes up to US$211 million in production-based royalty payments tied to future open-pit output, calculated at US$80 per ounce for the first 500,000 ounces of gold and US$180 per ounce thereafter.

Hecla may also receive a US$20 million payment upon the granting of certain permits, as well as up to US$10 million linked to a gold price exceeding US$4,200 per ounce.

The transaction is supported by Franco-Nevada (TSX:FNV,NYSE:FNV), which Orezone said is a sponsor in the acquisition.

“The sale of Hecla Quebec represents an important milestone in Hecla’s transformation as we concentrate capital allocation and operational focus on our world-class silver portfolio,” said Rob Krcmarov, president and CEO of Hecla.

For Orezone, the acquisition marks a major expansion into Canada and adds a producing gold mine to its portfolio. The company said Casa Berardi will complement its Bomboré project in Burkina Faso and will provide diversification in a jurisdiction known for stable mining regulations and established infrastructure.

“This Transaction marks a significant inflection point for Orezone as it adds a proven, cash-flow-generating asset to our portfolio, and provides asset diversification in a Tier 1 Jurisdiction,” said Patrick Downey, president and CEO of Orezone.

Casa Berardi is an underground and open-pit mine located in Québec’s Abitibi region that has been in operation since the late 1980s. It has produced over 3.2 million ounces of gold to date.

As of the end of 2024, its proven and probable reserves stood at 1.3 million ounces, with additional measured, indicated and inferred resources supporting future operations.

Casa Berardi’s gold production guidance for 2026 is between 83,000 and 91,000 ounces.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Politics

Minnesota fraud case is ‘canary in the coal mine’ for government systems — including elections, lawyer warns

Politics 5 Mins Read

A Minnesota fraud scandal is a ‘canary in the coal mine’ for how easily swindles can seep into government systems — including election administration — Republican election attorney Justin Riemer told Fox News Digital. 

‘What you’ve seen happen in Minnesota and now similar fraudulent schemes in other states, this should be very much a canary in the coal mine for other governmental processes,’ Riemer told Fox News Digital in a Zoom interview in January. ‘Which would include our voter registration and election processes. And it’s not somehow immune to the type of corruption that we’ve seen in Minnesota and in other places.’

Riemer leads Restoring Integrity and Trust in Elections (RITE), a legal nonprofit that fights court efforts from a ‘well-funded network of activists’ working to ‘undermine elections and democracy.’ He previewed that RITE is readying an investigation into Minnesota’s election system to see if it has potentially faced fraud similar to the sweeping multiyear, COVID-19-era schemes currently under scrutiny. 

Riemer framed Minnesota as an early test case for broader concerns he believes are building ahead of the 2026 midterm elections, particularly around noncitizen registration and voting safeguards. 

‘They’ve definitely opened up opportunities for noncitizens to register. And honestly, there’s times where noncitizens are being unwittingly registered,’ Riemer said, before pointing to an instance that unfolded in 2025 in the Last Frontier State — Alaska. 

 ‘It’s happened in Alaska, actually, where you have two noncitizens who, by no fault of their own, were registered through some sloppy state automatic voter registration process, which essentially sucks in anyone that goes to the DMV into the registration system without any sort of voluntary registration on the part of the noncitizen,’ he said. 

The election attorney argued that the fastest-moving battles are increasingly being fought in court — including disputes over voter roll maintenance, documentary proof of citizenship requirements and ballot deadlines.

‘Look at what the Supreme Court is reviewing right now,’ Riemer said, pointing to litigation challenging whether states can accept ballots that arrive after Election Day. He also cited ongoing legal fights involving state efforts to remove noncitizens from voter rolls and require documentary proof of citizenship.

‘There are also various cases winding their way through the courts on state efforts to remove noncitizens and to require documentary proof of citizenship,’ he continued. ‘So I think a lot of the action you’re going to see is going to be in the courts.’

RITE says its mission is to defend state election laws in court and prevent what it calls efforts to dilute the votes of eligible citizens.

Riemer told Fox Digital that Democratic-aligned legal groups are a major force opposing stricter election rules, describing them as heavily funded and aggressive in litigation.

‘The boogeyman is the left-wing lawyers and interest groups that are funded by basically unlimited amounts of money that sue a state for doing anything that increases the integrity of their elections,’ he said. ‘They claim that some of these laws disenfranchise or suppress the vote. But they have a very hard time proving that in court. But I would point to the left-wing lawyers and to the donors who fund them with essentially unlimited amounts of money to file ridiculous and frivolous lawsuits.’

RITE points to recent court wins it says strengthened election safeguards, including a federal ruling in Maryland requiring public access to certain voter-roll maintenance records under the National Voter Registration Act. The group also assisted in cases in Colorado and Pennsylvania that preserved mail-ballot authentication requirements, including signature verification and envelope-signature and dating rules.

‘RITE is out there fighting to stop these things from happening,’ he said. ‘We’re out there fighting in the courts to try and make sure that states, especially those who are unwilling, are being forced to perform more checks at the front end, because the registration process is really where it all begins. And states need to be doing more than they are.’ 

On the national level, President Donald Trump’s administration has made it easier for states to verify voter eligibility, notching some wins in the Republicans’ election integrity battle ahead of the midterms. 

‘The Trump administration has really emphasized election integrity as a priority,’ he said. ‘And one of the big things I would point to is what they have done to allow states to verify the citizenship of those who are registering to vote. They’ve opened up databases at the Department of Homeland Security that state election officials can use to determine whether or not voters on their registration lists are actually citizens or otherwise eligible to vote. That’s been key.’ 

The Minnesota fraud case unfolding in the Twin Cities has continued since December 2025, when it hit the nation’s radar in earnest that officials were uncovering hundreds of millions of dollars in state-administered funds allegedly lost to fraud that could exceed $9 billion. 

The investigations have been underscored by federal immigration law enforcement presence in the Twin Cities, which has led to violent protests and two fatal shootings of Americans by federal police officials. 

This post appeared first on FOX NEWS

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Iowa man stops Trump at restaurant with unexpected request before speech

Politics 2 Mins Read

President Donald Trump paused during a restaurant stop in Iowa after a patron asked if he could pray for him ahead of the president’s remarks near Des Moines.

Video shared on X by White House aide Margo Martin shows the moment unfolding inside the Machine Shed restaurant, where a man from the crowd addressed Trump directly.

‘Can I pray for you real quick?’ the man asked.

‘Absolutely! Come on. Let’s go,’ Trump replied, bowing his head as the man began to pray.

The brief prayer thanked God for the president and asked for wisdom, discernment, peace and protection, as others in the restaurant joined in.

‘Lord God, we give thanks for this president,’ the man said during the prayer, ‘Lord, thank you for him and the potential. Thank you for continuing wisdom, we pray for discernment. Pray for hope, we pray for more peace, Lord.’

The prayer from the restaurant patron drew several ‘Amens’ from the surrounding crowd.

The unscripted moment occurred as Trump made a stop at the Iowa restaurant before heading to deliver a speech in the Des Moines area to kick off his 2026 midterm campaign.

The video shows patrons standing nearby as the prayer concluded, followed by applause and words of praise: ‘Amen, praise God.’

The White House has recently shared a national invitation to prayer and spiritual re-dedication ahead of the United States’ 250th anniversary. 

In a statement released by the administration, Trump encouraged Americans to pray for the nation and its people, saying the country has long been ‘sustained and strengthened by prayer.’

Trump added that as the nation prepares to mark 250 years since its founding, Americans should ‘rededicate ourselves to one nation under God.’

The White House was contacted for additional context on the stop and the timing of the visit.

This post appeared first on FOX NEWS

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Ted Cruz urges US to arm Iranian protesters as militias threaten ‘total war’ against America

Politics 3 Mins Read

Sen. Ted Cruz called for the U.S. to arm Iranian protesters Tuesday as unrest continues inside the nation and Iran-backed militias issued threats against Washington.

‘We should be arming the protesters in Iran. NOW,’ Cruz wrote in a post on X.

‘For the Iranian people to overthrow the Ayatollah — a tyrant who routinely chants ‘death to America’ — would make America much, much safer,’ the Texas Republican added.

Cruz was responding to another post from Tehran Bureau, which cited a source inside Iran detailing what was described as a rapidly deteriorating situation on the ground as security forces continued to crack down on demonstrations.

‘From trusted source in Tehran: Tell all of your friends [abroad] — everyone you know: there is absolutely nothing else we can do here inside Iran,’ the post read.

‘They are killing people in such ways, they’ve descended upon people so brutally, they’re attacking us in such ways… We’ve lost so many lives that no one dares go out anymore. They shoot directly with bullets. They kill outright. And even after killing, they come and behead you, and do countless other violent things to you,’ it continued.

‘Going out into the streets is literally suicide. It’s not about bravery anymore. It’s madness. You go out and they shoot you point-blank. They don’t even ask why you came. They just kill you,’ the post continued. ‘There is absolutely no way for us to gather unless we had weapons, unless we were armed like them. Otherwise they have weapons everywhere.’

According to the Human Rights Activists News Agency, activist groups estimate that more than 6,000 people have been killed in Iran, with additional cases still under review.

The protests began in late December amid widespread anger over economic hardship, political repression and corruption, according to reports.

Cruz’s post came after armed militias aligned with Iran warned the U.S. they would retaliate against any American attack on the Islamic Republic, as the Trump administration moved forces into the region.

Kataib Hezbollah in Iraq said it was prepared for ‘total war’ if the U.S. attacked Iran, according to The Associated Press.

Abu Hussein al-Hamidawi, the group’s leader, said the ‘enemies’ of the Islamic Republic would face ‘the bitterest forms of death.’

‘You will taste every form of deadly suffering, nothing of you will remain in our region, and we will strike terror in your hearts,’ the statement read.

Meanwhile, Yemen’s Houthis also threatened to restart attacks on vessels in the Red Sea, releasing a video Monday showing a ship engulfed in flames, captioned: ‘Soon,’ The Associated Press reported.

As previously reported by Fox News Digital, President Donald Trump said Iran appeared to be seeking negotiations with the U.S. amid the growing military buildup, telling Axios, ‘They want to make a deal. I know so. They called on numerous occasions. They want to talk.’

The USS Abraham Lincoln arrived in the Middle East on Monday as unrest inside Iran continued to escalate.

Fox News Digital has reached out to Sen. Ted Cruz for comment.

This post appeared first on FOX NEWS

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Senate GOP critics say Noem ‘needs to go’ amid fallout from Minneapolis shootings

Politics 3 Mins Read

A pair of Senate Republicans are demanding that Department of Homeland Security (DHS) Secretary Kristi Noem lose her job in the wake of a pair of fatal shootings in the midst of the agency’s immigration operations in Minnesota. 

Sens. Lisa Murkowski, R-Alaska, and Thom Tillis, R-N.C., are no strangers to being critical of the Trump administration, and have again broken from their party in calling for Noem to either step aside or be fired by President Donald Trump. 

They join several Senate Democrats who have demanded accountability for the fatal shootings of Alex Pretti and Renee Nicole Good in the midst of DHS’ immigration operations in Minneapolis, Minn. It also comes as Senate Democrats are threatening to shut the government down in their bid to sideline the DHS funding bill. 

When pressed on whether Noem should resign, Murkowski noted that she voted for her confirmation last year.

‘I think the President needs to look at who he has in place as the Secretary of Homeland Security. I would not support her again, and I think it probably is time for her to step down,’ she said. 

Trump on Tuesday said that Noem was doing a ‘very good job.’ When asked if she would be stepping down, he said ‘no.’ 

Tillis, who has made a habit of going after Trump officials in the last several months and accusing them of giving the president bad policy advice, was more biting in his assessment of Noem’s performance, and extended that breakdown to White House Deputy chief of staff Stephen Miller, who similarly accused Pretti of being a domestic terrorist. 

He charged that ‘people like Noem are squandering’ Trump’s ability to codify policy and open the door to a discussion on immigration reform — something both sides of the aisle have desired for some time. 

‘I don’t know if it’s lost yet, but if it is an opportunity lost, I put it squarely on the shoulders of people like Noem and Stephen Miller,’ Tillis said. ‘Those two people told the president, before they even had any incident report whatsoever, that the person who died was a terrorist. I mean, that is amateur hour at its worst.’

When asked about Noem’s choice to label Pretti as a domestic terrorist, Murkowski said that the DHS head has an ‘obligation to control these situations that are under her jurisdiction, and she has not done so.’ 

Murkowski contended that accountability in the situation goes all the way to the top rung of leadership. 

‘I think you have a secretary right now who needs to be accountable to to the chaos and some of the tragedy that we have seen,’ Murkowski said. 

And Tillis, when asked if Noem should be removed from her position, said ‘100%,’ but stopped short of supporting impeachment. 

‘I’m not going to get into impeachment,’ Tillis said. ‘I think it should be a management decision. She needs to go.’

Fox News Digital reached out to DHS.

This post appeared first on FOX NEWS

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Rubio scheduled to appear before Senate to outline Trump’s Venezuela policy

Politics 3 Mins Read

Secretary of State Marco Rubio will publicly testify on the Trump administration’s policy in Venezuela Wednesday morning after vowing to lawmakers that no more military action was expected in the region. 

Rubio’s return to the Hill, an increasingly frequent occurrence in recent months, comes after he, President Donald Trump, administration officials and Senate Republican leadership successfully killed a bipartisan push to rein in the president’s war authorities in Venezuela. 

His scheduled appearance before the Senate Foreign Relations Committee Wednesday at 10 a.m. comes just weeks after he helped to convince two lawmakers, Sens. Todd Young, R-Ind., and Josh Hawley, R-Mo., to flip their votes and back the administration. 

Both were concerned about boots on the ground in Venezuela and Congress’ constitutional authority to weigh in on the matter.

They were convinced by Rubio and the administration that no further military action would take place, and that if it were, President Donald Trump would come to Congress first. 

Young said at the time that the effort, spurred by Sen. Tim Kaine, D-Va., was ultimately just a messaging exercise that never would have survived in the House, nor evaded a veto from Trump. 

‘I had to accept that this was all a communications exercise,’ Young said. ‘I think we [used] this moment to shine a bright light on Congress’ shortcomings as it relates to war powers in recent history.’

Rubio also wrote to Senate Foreign Relations Chair James Risch, R-Idaho, to spell out that the administration would clue in Congress should any future military action take place in the region.

‘Should there be any new military operations that introduce U.S. Armed Forces into hostilities, they will be undertaken consistent with the Constitution of the United States, and we will transmit written notifications consistent with section 4(a) of the War Powers Resolution (Public Law 93-148),’ he said.

However, Rubio’s appearance before the panel comes on the heels of unrest stateside following another fatal shooting in Minnesota, where Alex Pretti was killed in the midst of a Department of Homeland Security-led immigration operation in Minneapolis.

While he won’t have to answer for that situation, it has drastically shifted the Senate’s attention over the last several days. 

It also follows Kaine’s vow to file several more war powers resolutions against Trump, specifically against action in Greenland, Iran and elsewhere. 

Kaine believed that he could take advantage of cracks that formed in Republicans’ unified front earlier this month, when five joined all Senate Democrats to advance his resolution to require any future military action in Venezuela would need Congress’ approval.

‘The way cracks grow is through pressure and the pressure campaign that I sort of decided to launch by use of these privileged motions,’ Kaine said after his initial push failed. 

‘I’m going to file every one I can to challenge emergencies, to challenge unlawful wars, to seek human rights reports, arms transfers if they’re wrong,’ he continued.

This post appeared first on FOX NEWS

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Investing

New Found Gold Delivers Key Milestone at Queensway Gold Project: Enters into Phase 1 EPCM Contract

Investing 7 Mins Read

New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) (‘New Found Gold’ or the ‘Company’) is pleased to announce key advancements at its 100%-owned Queensway Gold Project (‘Queensway’ or the ‘Project’) in Newfoundland and Labrador, Canada, which includes entering into a Phase I engineering, procurement and construction management services (‘EPCM’) contract.

Highlights of Key Project Advancements:

  • Offsite Mill Selection: The Company owns the fully permitted Pine Cove Mill (‘Pine Cove‘) and Nugget Pond Hydrometallurgical Gold Plant, both located in central Newfoundland. EPCM work will include upgrading and expanding Pine Cove for Queensway Phase 1 to benefit from the synergies of processing both Hammerdown and Queensway Phase 1 feed from a single facility.

  • Environmental Assessment: The Company has substantially completed its environmental baseline work at Queensway and plans to submit an Environmental Registration (‘ER‘) to the Newfoundland and Labrador (‘NL‘) Department of Environment, Conservation and Climate Change in late Q1/26. The ER serves to initiate the environmental assessment (‘EA‘) process for the Project, as per the NL Environmental Protection Act. Updates on the status of the EA process will be provided when available.

  • Project Finance: As previously announced, the Company has engaged Cutfield Freeman & Co. Ltd., an independent global mining finance advisory firm, to act as its project finance advisor with the objective of selecting the optimal financing package for the initial capital expenditure required to fund Queensway Phase 1 production2.

  • Technical Report: the Company plans to file an updated Technical Report, which will include an updated mineral resource estimate, in mid-2026.

  • Timeline: The Queensway Phase 1 project finance process is ongoing and EPCM work is underway with the objective of achieving first gold pour from Queensway Phase I in H2/27, pending receipt of all required permits.

Keith Boyle, CEO of New Found Gold stated ‘Commencing EPCM work is a key milestone in advancing Queensway. We believe our rapid timeline from initial mineral resource in early 2025 to a planned first gold pour in late 2027 is supported by a unique combination of factors, namely: significant drilling and technical work completed on a deposit with an at-surface, high-grade core; ownership of the recently acquired Pine Cove operation, equipped with a fully permitted milling and tailings facilities; and being located in a mining-positive region. Newfoundland and Labrador is a jurisdiction ranked in the top 10 globally in the Fraser Institute’s 2024 Annual Survey of Mining Companies and offers excellent access, infrastructure and a skilled labour force. Having executed on a number of key steps in 2025 and building a strong technical and operating team over the past year has put the Company in an excellent position to accelerate the development of Queensway in a strong gold price environment.’

Qualified Person

The scientific and technical information disclosed in this press release was reviewed and approved by Keith Boyle, P.Eng., CEO, and a Qualified Person as defined under National Instrument 43-101. Mr. Boyle consents to the publication of this press release by New Found Gold. Mr. Boyle certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.

About New Found Gold Corp.

New Found Gold is an emerging Canadian gold producer with assets in Newfoundland and Labrador, Canada. The Company holds a 100% interest in Queensway and owns the Hammerdown Operation, Pine Cove Operation and Nugget Pond Hydrometallurgical Gold Plant. The Company is currently focused on advancing Queensway to production and bringing the Hammerdown Operation into steady-state gold production.

In July 2025, the Company completed a PEA at Queensway (see New Found Gold news release dated July 21, 2025). Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential that covers a +110 km strike extent along two prospective fault zones at Queensway.

New Found Gold has a new board of directors and management team and a solid shareholder base which includes cornerstone investor Eric Sprott. The Company is focused on growth and value creation.

Keith Boyle, P.Eng.
Chief Executive Officer
New Found Gold Corp.

Contact

For further information on New Found Gold, please visit the Company’s website at www.newfoundgold.ca, contact us through our investor inquiry form at https://newfoundgold.ca/contact/contact-us/ or contact:

Fiona Childe, Ph.D., P.Geo.
Vice President, Communications and Corporate Development
Phone: +1 (416) 910-4653
Email: contact@newfoundgold.ca

Follow us on social media at https://www.linkedin.com/company/newfound-gold-corp, https://x.com/newfoundgold

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement Cautions

This press release contains certain ‘forward-looking statements’ within the meaning of Canadian securities legislation, including relating to WSP’s engagement to provide EPCM services for Queensway Phase 1 project development; the expected start of the EPCM work in Q1/26; the planned work on Pine Cove for Queensway Phase 1; the expected submission of an ER to the NL Department of Environment, Conservation and Climate Change in late Q1/26; the future updates on the status of the EA process; the anticipated filing of an updated Queensway technical report; and the expected first gold pour from Queensway Phase I, pending receipt of all required permits. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts, they are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘interpreted’, ‘intends’, ‘estimates’, ‘projects’, ‘aims’, ‘suggests’, ‘indicate’, ‘often’, ‘target’, ‘future’, ‘likely’, ‘pending’, ‘potential’, ‘encouraging’, ‘goal’, ‘objective’, ‘prospective’, ‘possibly’, ‘preliminary’, and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘can’, ‘could’ or ‘should’ occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSXV, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the Company’s ability to complete exploration and drilling programs as expected, possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results and the results of the metallurgical testing program, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. The reader is urged to refer to the Company’s Annual Information Form and Management’s Discussion and Analysis, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.

1 for additional information see the Company’s news release dated July 21, 2025.
2 for additional information see the Company’s news release dated November 28, 2025.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281691

News Provided by TMX Newsfile via QuoteMedia

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Prince Silver Announces $3.0 Million Non-Brokered Private Placement

Investing 5 Mins Read

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / January 27, 2026 / Prince Silver Corp. (CSE:PRNC,OTC:PRNCF)(OTCQB:PRNCF)(T130:Frankfurt) (‘Prince Silver’or the ‘Company’) is pleased to announce a non-brokered private placement of up to 4,687,500 units of the Company (‘Units‘) at a price of $0.70 per Unit for aggregate gross proceeds of up to $3,000,000 (the ‘Private Placement‘). Each Unit will consist of one common share (a ‘Common Share‘) and one-half common share purchase warrant, with each full warrant (a ‘Warrant‘) being exercisable to purchase one Common Share at a price of $1.00 for 24 months from the date of issuance ; provided that if the closing price of the Company’s Common Shares for a period of 10 consecutive trading days is $1.40 or higher, the Company will have the right to accelerate the expiry date of the Warrants upon notice given by press release and the Warrants will thereafter expire on the 30th calendar day after the date of such press release.

The Company intends to pay finders’ fees in an amount equal to 7% to eligible finders, in accordance with applicable securities laws and the policies of the Canadian Stock Exchange (‘CSE‘). The Private Placement is subject to approval of the CSE, and all securities issued under the Private Placement will be subject to statutory hold periods expiring four months and one day from the date of closing of the Private Placement pursuant to applicable securities laws and CSE policy.

The Company intends to use the net proceeds of the Offering to advance exploration and development activities at its Prince Silver Project in Nevada, as well as for working capital and general corporate purposes. Closing of the Offering is subject to customary conditions, including approval of the Canadian Securities Exchange.

About Prince Silver Corp.

Prince Silver Corp. is a silver exploration company advancing its past-producing Prince Silver-Zinc-Manganese-Lead Mine in Nevada, USA. Featuring near-surface mineralization that was historically drill tested by over 129 holes and is open in all directions, the Prince Project offers a clear path toward a maiden 43-101 compliant resource estimate. The Company also holds an interest in the Stampede Gap Project, a district-scale copper-gold-molybdenum porphyry system located 15 km north-northwest of the Prince Silver Project, highlighting Prince Silver’s focus on high-potential, strategically located exploration assets.

On Behalf of the Board of Directors

Derek Iwanaka, CEO & Director
Tel: 604-928-2797
Email: info@princesilvercorp.com
Website: www.princesilvercorp.com

Forward-Looking Information

Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as ‘may’, ‘expect’, ‘estimate’, ‘anticipate’, ‘intend’, ‘believe’ and ‘continue’ or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: ongoing and proposed drill programs, amendments to the Company’s website, property option payments and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, completion of satisfactory due diligence in respect of the Acquisition and related transactions, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE: Prince Silver Corp.

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

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Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units

Investing 2 Mins Read

Coelacanth Energy Inc. (TSXV: CEI,OTC:CEIEF) (‘Coelacanth’ or the ‘Company’) announces that its board of directors approved the granting of incentive stock options (‘Options’) under its stock option plan to acquire up to an aggregate of 8,634,250 common shares (‘Common Shares’) of the Corporation (6,298,250 granted to certain of its directors and officers and 2,336,000 granted to certain of its employees) and to the granting of restricted share units (‘RSUs’) under its restricted share unit plan to obtain up to an aggregate of 5,369,500 Common Shares (4,224,250 granted to certain of its directors and officers and 1,145,250 granted to certain of its employees).

All of the Options are exercisable for a period of five years at a price of $0.80 per Common Share and 33⅓% of the Options will vest on the date that is one year after the date of the grant of such Options and the remainder will vest 33⅓% per year thereafter. All of the RSUs are exercisable for a period of three years at no additional cost and 33⅓% of the RSUs will vest on the date that is one year after the date of the grant of such RSUs and the remainder will vest 33⅓% per year thereafter.

Following the grant of Options and RSUs, Coelacanth has an aggregate of 30,220,931 Options and 9,865,698 RSUs outstanding. Coelacanth’s share based incentive plans limit the total number of Common Shares underlying the aggregate outstanding Options and RSUs to no more than 10% of the issued and outstanding Common Shares of 535,316,833. As of the date of this press release, the total number of Common Shares underlying the outstanding Options and RSUs on an aggregate basis is 40,086,629 or approximately 7.5% of the issued and outstanding Common Shares.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Coelacanth Energy Inc.
2110, 530 – 8th Ave SW
Calgary, Alberta T2P 3S8
Phone: 403-705-4525
www.coelacanth.ca

Mr. Robert J. Zakresky
President and Chief Executive Officer

Mr. Nolan Chicoine
Vice President, Finance and Chief Financial Officer

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