Metals Update 11/12/2020

Eastern Platinum arranges rights offering

Eastern Platinum Ltd. has arranged an offering to its shareholders of rights to acquire common shares of the company at the close of business on the record date of Dec. 18, 2020, on the basis of one right for each common share held. Each right will entitle the holder to subscribe for one common share of the company upon payment of the subscription price of 32 cents or 3.77136 South African rand (based on the applicable exchange rate as defined in the rights offering circular) per common share. Shareholders who fully exercise their rights under the basic subscription privilege will also be entitled to subscribe for additional common shares, on a pro rata basis, if available as a result of unexercised rights prior to the expiry time of the rights offering.

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Sirios shareholders approve all resolutions at ASM

All the resolutions that were presented at Sirios Resources Inc.’s annual and special meeting yesterday were approved by the shareholders. These resolutions include the appointment of the directors and the auditors as well as the renewal of the Stock Option Plan.

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Norzinc drills 4.26 m of 203.8 g/t Ag at Prairie Creek

Norzinc Ltd. has provided final assay results from surface drill hole PC-20-225, the first hole drilled at the company’s Prairie Creek mine site since 2015. Designed to target the inferred main quartz vein (MQV) resource immediately adjacent to but outside of the existing mine plan, PC-20-225 intercepted the MQV as expected plus two stockwork (STK) zones not yet included in any resource estimate to date. Further holes are planned for 2021.

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Goldsource Mines grants options to buy 4.35 M shares

Goldsource Mines Inc. has granted stock options under its stock option plan to purchase an aggregate of 4.35 million common shares of the company at a price of 13 cents per share for a five-year term expiring on Dec. 10, 2025. The stock options were granted to directors, officers, employees and consultants of the company and are subject to any necessary regulatory approvals.

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