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Associated Press
6 days ago
- Business
- Associated Press
PPX Closes Third Tranche of Construction Facility and Provides Construction Update
TORONTO, ON / ACCESS Newswire / June 4, 2025 / PPX Mining Corp. (the 'Company' or 'PPX', including its Peruvian subsidiaries) is pleased to announce that yesterday it closed the third tranche of the construction facility provided by its major shareholder, receiving US$1,800,000. The creditor of the Loan is a control person of the Company. Accordingly, the Loan constitutes a related party transaction pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101"). The Company is exempt from the requirement to obtain minority shareholder approval in connection with the Loan in reliance on the exemption contained in section 5.7(1)(f) of MI 61-101, as the Company has determined that the Loan contains reasonable commercial terms that are not less advantageous to the Company than if the Loan was obtained from an arm's length party, and the Loan is not convertible or repayable as to principal or interest, directly or indirectly, in equity or voting securities of the Company or its subsidiaries. The formal valuation requirements are not applicable to the Loan pursuant to section 5.4(1) of MI 61-101. The board of directors of the Company approved the Loan and no materially contrary view or abstention was expressed or made by any director of the Company in relation thereto. Construction Update The Company is also pleased to inform that major equipment ordered to Xinhai Mineral Processing PLC arrived this week to the Port of Callao. This includes all crushing units (jaw and cone crusher, vibrating screen and conveyors), two complete ball mills with liners and motors, six flotation cells, three thickeners and a filter press for flotation concentrate, as well as various pumps and other small components. Customs clearance is expected to be completed in the coming days. Following inspection, the majority of the equipment will be transported to the construction site, with select components undergoing precision measurement in Lima to facilitate local manufacturing of maintenance parts. Following the end of the raining season, the EPC contractor is currently focused on civil works to soon received the equipment on site. As previously disclosed, PPX is constructing a 350 tonnes-per-day (tpd) Carbon-in-Leach (CIL) and flotation plant at the Igor Project. The plant is designed to process gold and silver-bearing ore from the Callanquitas Mine. Construction is being carried out by a third-party contractor and remains on schedule for completion by December 2025. Pictures of construction activities, equipment and a 3D video of the plant can be seen at the following link: About PPX Mining Corp: PPX Mining Corp. (TSXV:PPX.V)(BVL:PPX) is a Canadian-based mining company with assets in northern Peru. Igor, the Company's 100%-owned flagship gold and silver project, is located in the prolific Northern Peru gold belt in eastern La Libertad Department. On behalf of the Board of Directors John Thomas, CEO 82 Richmond Street East Toronto, Ontario M5C 1P1 Canada 416-361-0737 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. Cautionary Statement: This press release contains forward-looking information and forward-looking statements (collectively, 'forward-looking statements') as such terms are defined by applicable securities laws, including, but not limited to statements regarding future plans on the Igor Project, statements regarding the terms and completion of the remaining tranches of the Loan and entering into an agreement regarding plant construction. Forward-looking statements are statements that relate to future events. In this context, forward-looking statements often address expected future business plans and financial performance and often contain words such as 'anticipate,' 'believe,' 'plan,' 'estimate,' 'expect,' and 'intend,', statements that an action or event 'may,' 'might,' 'could,' 'should,' 'would' or 'will' be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control, and the Company's actual results could differ materially from those stated or implied in forward-looking statements due to many various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to obtain required regulatory approvals; actual development plans and costs differing materially from the Company's estimates; and compliance with complex regulations associated with mining activities. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward- looking statements. All forward-looking statements contained in this press release are made as of today's date, and the Company undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law. SOURCE: PPX Mining Corp. press release
News18
30-05-2025
- Business
- News18
BPSC 71st CCE Notification 2025 Released For 1250 Vacancies, Applications Begin On June 2
Last Updated: BPSC 71st CCE Prelims: Applications for 1,250 vacancies will be open from June 2 to June 30, 2025 on the official website - The Bihar Public Service Commission (BPSC) has officially released the short notification for the 71st Combined Competitive Examination (CCE) 2025, announcing a total of 1,250 vacancies across various administrative departments of the Bihar state government. The online application process will begin on June 2, 2025, and continue until June 30, 2025 on the official website – The selection process will start with the preliminary examination scheduled for August 30, 2025, followed by the main examination and interview rounds at later stages. BPSC 71st Prelims: Important Dates Online Application Start Date: June 2, 2025 Last Date to Apply: June 30, 2025 Preliminary Exam Date (Tentative): August 30, 2025 BPSC 71st CCE 2025: Vacancies The 1,250 posts are distributed across ten key administrative roles, with the highest number of vacancies in the positions of Block Cooperative Officer (502) and Block Minority Welfare Officer (459). Here's a breakdown: Senior Deputy Collector – 100 posts Financial Administrative Officer – 79 posts Labour Superintendent – 10 posts Sub Registrar/Joint Sub Registrar – 3 posts Block Minority Welfare Officer – 459 posts BPSC 71st CCE Official Notification Steps To Apply for BPSC Prelims 2025 Step 1: Visit the official BPSC website — Step 2: Click on the 'Apply Online" link under the 71st CCE Prelims 2025 section. Step 3: Register using a valid email ID and mobile number to generate login credentials. Step 4: Log in with your credentials and access the application form. Step 5: Fill in personal, academic, and communication details as required. Step 6: Upload scanned copies of your photograph and signature in the prescribed format. Step 7: Select your preferred exam centre and category (if applicable). Step 8: Review the filled application form carefully before submission. Step 10: Download the confirmation page for future reference. The Commission has also stated that any additional vacancies received from government departments before June 30 may be incorporated into this recruitment cycle. No Vacancies for SDM and DSP Posts This Time One of the most notable aspects of this year's notification is the absence of vacancies for the Deputy Superintendent of Police (DSP) and Sub-Divisional Magistrate (SDM) posts. These are typically some of the most sought-after positions in the CCE, and their exclusion this year marks a significant deviation from previous recruitment cycles.
Yahoo
29-05-2025
- Business
- Yahoo
Tristar Gold Closes Brokered Private Placement
Scottsdale, Arizona--(Newsfile Corp. - May 29, 2025) - TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) (the "Company" or "TriStar") is pleased to announce it has closed its previously announced brokered private placement (the "Offering") of units ("Units") for gross proceeds of C$10,086,768. The Offering was led by Paradigm Capital Inc. and included Cormark Securities Inc. (collectively, the "Agents"), acting as agents on a commercially reasonable efforts basis. Pursuant to the Offering, the Company issued a total of 63,042,300 Units at a price of C$0.16 per Unit, including the partial exercise of the Agents' over-allotment option. Each Unit is comprised of one common share in the capital of the Company (a "Unit Share") and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant is exercisable to acquire one additional common share in the capital of the Company (a "Warrant Share") until May 29, 2027 (the "Expiry Date") at an exercise price of C$0.25 per Warrant Share. In connection with the Offering, the Agents received a cash fee of C$572,206.08 and non-transferable compensation options of the Company exercisable for a total of 3,576,288 common shares of the Company at an exercise price of C$0.16 per share until the Expiry Date. All securities issued in connection with the Offering are subject to a four-month hold period expiring on September 30, 2025 in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the "Exchange"). The Company intends to use the net proceeds from the offering to fund the Company's work program to advance the Castelo de Sonhos gold project and for general working capital purposes. Nicholas Appleyard, President and Chief Executive Officer of the Company, and an over 10% shareholder Auramet Capital Partners, L.P. ("Auramet") participated in the Offering by subscribing for 1,562,500 Units and 1,875,000 Units, respectively. The participation of these insiders constitute related party transactions pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). There has not been a material change in the percentage of the outstanding securities of the Company that are owned by Mr. Appleyard as a result of his participation in the Offering. The change in the percentage of outstanding securities of the Company held by Auramet is described below. The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the participation of the insiders in the Offering in reliance of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the insider participation does not exceed 25% of the Company's market capitalization as determined in accordance with MI 61-101. The Company obtained approval by the board of directors of the Company for the Offering, with Mr. Appleyard declaring and abstaining from voting on the resolutions approving the Offering with respect to his participation in the Offering. No materially contrary view or abstention was expressed or made by any director of the Company in relation thereto. Early Warning Disclosure Mr. Eric Sprott ("Sprott"), through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 31,250,000 Units pursuant to the Private Placement, at C$0.16 per Unit for total consideration of C$5,000,000. Sprott is providing the following disclosure pursuant to National Instrument 62-104 - Take-Over Bids And Issuer Bids ("NI 62-104") and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103"), as the number of Common Shares owned or controlled, directly or indirectly by Sprott after the completion of the Offering exceeds 10% of the then issued and outstanding common shares of the Company on a partially diluted basis. Prior to the acquisition of Units in the Offering, Sprott did not own any securities of the Company. Following the acquisition of 31,250,000 Units in the Offering, Sprott holds approximately 8.9% of the outstanding Common Shares on an undiluted basis and 12.7% of the outstanding Common Shares on a partially diluted basis (assuming exercise of all 2176423 Ontario Ltd.'s Warrants), based on 352,059,748 Common Shares outstanding. The Units were acquired by Sprott in the Offering for investment purposes. Sprott has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of the early warning report with respect to the foregoing will appear on TriStar Gold's profile on SEDAR+ at and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto Ontario M5C 3C5). Auramet acquired 1,875,000 Units pursuant to the Offering for a total subscription price of C$300,000. Auramet is providing the following disclosure pursuant to NI 62-103 as Auramet's ownership over the Common Shares of the Company decreased by more than 2% of the issued and outstanding shares on an undiluted and a partially-diluted basis since the last early warning report filed by Auramet. Prior to the acquisition of Units in the Offering, Auramet beneficially owned, and had control and direction over, 40,128,205 Common Shares and warrants exercisable to acquire 6,730,769 Common Shares, representing approximately 13.88% of the outstanding Common Shares on an undiluted basis and 15.84% on a partially-diluted basis, assuming the exercise of the warrants held by Auramet, and based upon 289,017,448 Common Shares outstanding. Following the acquisition of 1,875,000 Units in the Offering, Auramet beneficially owns, and has control and direction over, 42,003,205 Common Shares and warrants exercisable to acquire 7,668,269 Common Shares, representing approximately 11.93% of the outstanding Common Shares on an undiluted basis and 13.81% on a partially-diluted basis, assuming the exercise of the warrants held by Auramet, and based upon 352,059,748 Common Shares outstanding. The Units were acquired by Auramet in the Offering for investment purposes only, and in the future, Auramet may acquire additional securities of the Company, dispose of some or all of the existing securities it holds or will hold, or may continue to hold its current position, depending on market conditions, reformulation of plans and other relevant factors. An early warning report (the "Auramet Report") will be filed by Auramet pursuant to NI 62-103 on SEDAR+ at under the profile of the Company. To obtain copies of the Sprott Report or the Auramet Report, please contact Scott Brunsdon, Chief Financial Officer and Corporate Secretary of the Company, at the Company's head address at 7950 East Acoma Drive, Suite 209, Scottsdale, Arizona 85260 or by telephone at 480.794.1244. Auramet is a limited partnership organized in the State of Delaware and is an investment affiliate of Auramet International, Inc., which conducts physical metals trading, metals merchant banking and project finance advisory. Auramet's office is located at 300 Frank W. Burr Blvd., 5th Floor/Suite 24, Teaneck, New Jersey 07666. This news release does not constitute an offer of securities for sale in the United States. The securities issued in connection with the private placement have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. About TriStar: TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have the potential to become significant producing mines. The Company's current flagship property is Castelo de Sonhos in Pará State, Brazil. The Company's shares are listed on the TSX Venture Exchange under the symbol TSG and on the OTCQB under the symbol TSGZF. Further information is available at ON BEHALF OF THE BOARD OF DIRECTORS OF THE COMPANY: Nick AppleyardPresident and CEO For further information, please contact: TriStar Gold AppleyardPresident and CEO480-794-1244info@ Neither the 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Forward-Looking Statements Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation which are not historical facts and are made pursuant to the "safe harbour" provisions under the United States Private Securities Litigation Reform Act of 1995. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements in this press release include statements about the use of the proceeds from the Offering. Such forward-looking statements are based upon the Company's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company's plans to change include changes in demand for and price of gold and other commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments in Brazil; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of the Company's projects; risks of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable securities laws. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit
Hans India
28-05-2025
- Hans India
Two youth thrashed by cops in Tenali have criminal record: DGP office
Vijayawada: The DGP office on Tuesday issued a statement regarding the video in which three youth were brutally beaten by the Tenali police in a public place. The video went viral in the social media on May 26 and attracted condemnation from the people, Dalit organisations and the political parties. Three youth two belongs to SC and one Minority community were seen severely beaten by the police with lathi in a public place in Tenali on April 24. The video went viral in social media on May 26. Chebrolu John Victor (25), Shaik Karimulla (21) and Doma Rakesh aged 25 was seen severely beaten by the police in open public place in Tenali. One cop was seen sitting on the leg of a youth and the other police was seen beating with a lathi. The police had not shown mercy when they repeatedly asked them to stop beating. They suffered severe pain and asked for the mercy and the incident was condemned by civil rights groups and civil society organisations. However, the police department on Tuesday announced two of the beaten youth John Victor and Doma Ramesh have criminal history and were involved in many crimes in Tenali. The police said Shaik Karimulla has no criminal history. The police have announced that three youth tried to kill a constable, who asked them to attend the police station for counselling. The police department has announced that the video circulated in social media groups containing ill-treatment of Tenali II Town Police towards three youth, the news report highlighted concerns about police misconduct, excessive punishment and potential violation of human rights violations by manhandling respondents openly. The police announced that four accused Vemu Naveen, Chebrolu John Victor, Shaik Karimulla and Doma Rakesh had tried to kill constable Kanna Chiranjeevi who is working in Tenali. The accused was nursing grudge against Chiranjeevi as he had summoned the accused to visit the Three town police station as they were involved in various cases. The accused attacked with a knife to kill the constable Chiranjeevi and they were later arrested by the police and sent to judicial remand. The DGP office has stated that two accused who were beaten by police have criminal record in the past. A1 Vemu Naveen @ Killer was involved in nine criminal cases. He is having a Rowdy sheet at Tenali II Town PS vide in sheet No.205., he is a young and active Rowdy in the limits of Tenali Town. The accused 2 Chebrolu John Victor involved as an accused in the following nine criminal cases and he is Rowdy sheet at Tenali 2 Town PS. A3 Shaik Karimulla did not have any previous criminal history. The accused 4 A Doma Rakesh previously involved as an accused in eight criminal cases and is having a rowdy sheet at Tenali 2 Town PS.
Cision Canada
20-05-2025
- Business
- Cision Canada
Mountain Province Diamonds Announces Voting Results from 2025 Annual and Special Meeting of Shareholders
TSX and OTC: MPVD TORONTO and NEW YORK, May 20, 2025 /CNW/ - Mountain Province Diamonds Inc. (" Mountain Province" or the " Company") (TSX and OTC: MPVD) is pleased to announce the results of voting by the shareholders of the Company during the virtual 2025 annual and special meeting of Mountain Province's shareholders (the " Meeting"). A total of 110,077,023 common shares were voted at the Meeting representing 51.92% of the issued and outstanding common shares. The Company received the required shareholder approval under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (" MI 61-101") and under the TSX Company Manual (the " Manual") for the previously announced CAD$33 million working capital facility (the " WCF") with Dunebridge Worldwide Ltd. (" Dunebridge"). Mr. Dermot Desmond, through Vertigol Unlimited Company (" Vertigol"), is the ultimate beneficial holder of 75,446,071 common shares of the Company (the " Vertigol Shares"), representing over 35% of the Company's issued and outstanding shares, and on that basis, a "related party" of the Company under MI 61-101. Dunebridge is also ultimately beneficially owned by Mr. Desmond, and, as an affiliate of Vertigol under Mr. Desmond's common control, a "related party" of the Company under MI 61-101. Accordingly, for the purposes of the shareholder approval of the WCF under MI 61-101, the Vertigol Shares were excluded from the vote. Similarly, the 217,375 common shares registered to Mr. Jonathan Comerford, also a related party of Dunebridge, and accordingly, the Company, under MI 61-101, were excluded from the vote on the WCF in accordance with MI 61-101. For the purposes of the vote on the WCF under the Manual, the Vertigol Shares were excluded from the vote on the WCF in accordance with the Manual on the basis that Vertigol, as a control person of the company, and its affiliates, which includes Dunebridge, is an insider of the company. The definitive terms of the WCF are incorporated into an amended and restated bridge credit facility agreement dated May 13, 2025 (the " A&R Bridge Facility Agreement") with Dunebridge Worldwide Ltd., (" Dunebridge") as administrative agent, security trustee and lender thereunder Having received shareholder approval at the Meeting in respect of the WCF, the Company has drawn down on the balance of the WCF and will use the WCF on a revolving basis in accordance with its terms. Shareholders also elected the following directors to hold office until the next annual meeting of shareholders as detailed in the table below: KPMG was also re-appointed as auditor of the Corporation, with remuneration to be fixed by the directors. About Mountain Province Diamonds Inc. Mountain Province is a 49% participant with De Beers in the GK Mine located in Canada's Northwest Territories. The Gahcho Kué joint venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls more than 96,000 hectares of highly prospective mineral claims and leases surrounding the GK Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at SOURCE Mountain Province Diamonds Inc.
