Metals Update 14/8/2020

Magna Gold adopts stock option plan, grants options

Magna Gold Corp.’s board of directors has approved the adoption of a new 10-per-cent rolling stock option plan to replace the company’s existing fixed stock option plan. The Plan is subject to approval of the shareholders of the Company at the annual and special meeting of shareholders to be held on September 15, 2020 (the “Meeting”) in accordance with the policies of the TSX Venture Exchange (the “Exchange”), as well as the final acceptance of the Exchange. Further details and a copy of the Plan will be included in the management information circular for the Meeting.

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Horizonte spends 890,685 pounds on admin in Q2

Horizonte Minerals PLC has released its unaudited financial results for the six-month period to June 30, 2020, and the management discussion and analysis for the same period. Both of the aforementioned documents have been posted on the company’s website and are also available on SEDAR.

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Fura Gems plans to go private for 15 cents/share

Fura Gems Inc. has entered into an acquisition agreement dated as of the date of this news release with its majority shareholder, Lord of Seven Hills Holdings FZE, pursuant to which the purchaser has agreed to acquire all of the outstanding common shares of Fura, other than common shares already held by the purchaser and its affiliates, at a price of 15 cents per common share. The Purchaser currently, directly or indirectly, holds 140,048,752 Common Shares, representing approximately 51.5% of Fura’s 272,035,485 issued and outstanding Common Shares.

Dynacor Reports a Net Loss of US$ -0.7 M in Q2-2020 Due to the COVID-19 Crisis but Has a Strong Financial Situation After Six Months

Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) has released its unaudited consolidated financial statements and the management’s discussion and analysis (MD&A) for the second quarter ended June 30, 2020.

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Silver Bear Files Second Quarter 2020 Financial Results

Silver Bear Resources Plc (“Silver Bear” or the “Company”) (TSX: SBR) announces the filing its unaudited financial results for the three and six-month period ended 30 June 2020 today, including development highlights from its Mangazeisky silver project in Far East Russia.  

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Atico Mining secures La Plata power line agreement

Atico Mining Corp. has officially entered into an interinstitutional co-operation agreement (the power agreement) between CNEL, Ecuadorian National Electrical Co. and its Ecuadorean subsidiary Compania Minera La Plata SA.

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Excellon loses $3.4-million (U.S.) in Q2 2020

Excellon Resources Inc. has released its financial results for the three- and six-month periods ended June 30, 2020.

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Treasury Metals receives OK for prospectus filing

Treasury Metals Inc. has received clearance from the Ontario Securities Commission to file a final short form prospectus qualifying the distribution of the securities underlying the subscription receipts of the company issued in connection with the company’s $11.52-million bought deal private placement that closed on July 7, 2020.

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