ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

SM Sierra Madre Gold and Silver Ltd

0.47
0.005 (1.08%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sierra Madre Gold and Silver Ltd TSXV:SM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 1.08% 0.47 0.42 0.485 0.48 0.465 0.465 30,015 21:12:18

Sendero Mining Corp. Announces Shares for Debt Agreements

17/07/2013 9:00pm

Marketwired Canada


Sendero Mining Corp. ("Sendero" or the "Company") (TSX VENTURE:SM) is pleased to
announce that it entered into shares for debt agreements totalling $115,000.00
with arm's length third parties. 


A total of 920,000 common shares with a deemed issuance price of $0.125 for
aggregate proceeds of $115,000.00 will be issued to unrelated parties for the
settlement of payments owing under the Las Leddas option agreement, and a
related finder's fee agreement, as disclosed in a news release by the Company on
February 17, 2012. Given the size and scope of the required investment,
management of Sendero believes the project would be better advanced by a larger
resource company and has therefore decided to terminate its Las Leddas option.
The Company has decided to settle a portion of this payment in common shares to
preserve a portion of its existing cash on hand for ongoing working capital
requirements.


The issuance of the common shares will not result in the creation of a new
Control Person (as such term is defined in the TSX Venture Exchange Corporate
Finance Manual), will be subject to a four-month hold period from the date of
the settlement and will be subject to the approval of the TSX Venture Exchange. 


On January 24th 2013, the Company announced that it had obtained an unsecured
loan from two arm's length parties in the aggregate amount of US$500,000. The
Company is pleased to announce that it has repaid both parties in full.


About Sendero Mining Corp. 

Sendero Mining Corp. (TSX VENTURE:SM) is a Canadian publicly-listed mineral
exploration and development company. Sendero's flagship Aurum-Copper property,
which is a surface copper oxide project, is located 12km from Teck Resources' El
Relincho project. Management looks to leverage its exploration and development
expertise to bring additional resources and value to shareholders and to reduce
exploration risk and expense through its advancement of small-scale production.
The Company is committed to upholding the highest environmental and social
standards while focusing on delivering the financial growth its shareholders
expect. 


ON BEHALF OF THE BOARD OF DIRECTORS

John Seaman, CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain information that may constitute "forward-looking information"
under applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements about future, exploration results
relating to the Aurum-Copper property, exploration plans for the Aurum-Copper
property and the exploration potential of the Aurum-Copper property.
Forward-looking information is necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual results and
future events to differ materially from those expressed or implied by such
forward-looking information, including the risks identified in the Company's
disclosure documents. There can be no assurance that such information will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such information. Accordingly, readers should not place
undue reliance on forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and is based upon
the opinions and estimates of management and information available to management
as at the date hereof. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by law.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Apex Capital Inc.
Brett Allan
416-907-4148
ballan@apexcap.ca

1 Year Sierra Madre Gold and Si... Chart

1 Year Sierra Madre Gold and Si... Chart

1 Month Sierra Madre Gold and Si... Chart

1 Month Sierra Madre Gold and Si... Chart

Your Recent History

Delayed Upgrade Clock