Latest news with #Transaction
Yahoo
4 days ago
- Business
- Yahoo
Summa Silver Receives Shareholder and Court Approval for Plan of Arrangement
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2025) - Summa Silver Corp. (TSXV: SSVR) (OTCQX: SSVRF) ("Summa" or the "Company") is pleased to announce that at the special meeting (the "Meeting") of shareholders of the Company (the "Shareholders") held on July 24, 2025, the Shareholders overwhelmingly voted to approve the previously announced plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which Silver47 Exploration Corp. will acquire (the "Transaction") all of the issued and outstanding common shares of the Company (the "Shares"). The Transaction required approval by the affirmative vote of at least two thirds of the votes cast by Shareholders. Of the votes cast at the Meeting with respect to the Transaction, an aggregate of 44,833,356 Shares were voted in favour of the Transaction, representing approximately 99.75% of the votes cast on the special resolution approving the Transaction. The Company is also pleased to announce that the Supreme Court of British Columbia granted a final order approving the Transaction on July 25, 2025. The Transaction remains subject to certain customary closing conditions and is expected to close on or about August 1, 2025. It is anticipated that Summa's Shares will be delisted from the TSX Venture Exchange on or about August 5, 2025. Following completion of the Transaction, Summa will apply to cease to be a reporting issuer under applicable Canadian securities laws. About Summa Summa Silver Corp. is a junior mineral exploration company. Summa owns a 100% interest in the Hughes Project located in central Nevada and the Mogollon Project located in southwestern New Mexico. The high-grade past-producing Belmont Mine, one of the most prolific silver producers in the United States between 1903 and 1929, is located on the Hughes Project. The Mogollon Project is the largest historic silver producer in New Mexico. Both projects have remained inactive since commercial production ceased and neither have seen modern exploration prior to Summa's involvement. Galen McNamaraChief Executive Officerinfo@ Giordy BelfioreCorporate Development and Investor Relations604-288-8004giordy@ Summa Silver on X: @summasilverLinkedIn: 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. Forward looking and other cautionary statements Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "anticipates", "expects", "understanding", "has agreed to" or variations of such words and phrases or statements that certain actions, events or results "would", "occur" or "be achieved". Although the Company has attempted to identify important factors and risks that could affect the Company and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended, including, without limitation: the ability of Summa and Silver47 to satisfy the conditions to complete of the Transaction. In making the forward-looking statements in this news release, Summa has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. To view the source version of this press release, please visit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Associated Press
17-07-2025
- Business
- Associated Press
Orosur Drills 62.3m @ 12.76g/t Au at Pepas
Orosur Mining Inc - Exceptional results at Pepas LONDON, GB / ACCESS Newswire / July 17, 2025 / Orosur Mining Inc. ('Orosur' or the 'Company') (TSXV:OMI)(AIM:OMI), is pleased to announce an update on the progress of exploration activities at the Company's flagship Anzá Project ('Project') in Colombia. Colombia - ANZÁ Project The Anzá Project is now 100% owned by the Company following completion of a Share Purchase Agreement ('SPA'), announced 28th November 2024, whereby the Company purchased all of the shares of its previous JV partner; Minera Monte Aguila ('MMA'). The Project, which is located 50km west of Medellin, is easily accessible and boasts excellent infrastructure including water, power and communications as well as a large exploration camp. The Project sits within the prolific mid-Cauca belt, Colombia's primary gold belt, and is located along strike between several world class gold/copper deposits including Buritica, Quebradona and Guayabales/Marmato (Figure 1). From September 2018 to November 2024, the Anzá Project was under the control of its previous JV partner MMA, itself a 50/50 venture between the world's two largest gold miners, Agnico Eagle Mines and Newmont Mining. Figure 1. Mid-Cauca Belt Prospects The Company is currently focussed on three prospects within the Anzá Project - Pepas, APTA and El Cedro. All three prospects are within the same granted exploration title that is broken into two, non-contiguous pieces (Figure 2). Drilling is currently being undertaken at the Pepas prospect in the northern extent of the Anzá Project (pre-acquisition) over 10km north of the central base camp at APTA. In parallel, mapping and sampling is being undertaken over the El Cedro porphyry system in the south of the project area. Figure 2. Main prospects, licences pre-MMA acquisition Pepas Prospect Pepas was discovered by MMA in late 2021 by BLEG sampling and geological mapping, followed by 11 diamond drill holes in 2022 (PEP001 to PEP011). After completion of the transaction to buy MMA ('Transaction'), the Company restarted drilling at Pepas in late-November 2024. Drilling commenced with hole PEP012, which was positioned to confirm previous high-grade results in holes PEP001, PEP005 and PEP007 drilled in 2022. Figure 3. Plan of holes Drilling at Pepas, post Transaction, has largely concentrated on a small central core, where a body of high-grade gold mineralisation is being defined from surface. Additional drilling has also been undertaken around this central core to understand the wider geological context and as the commencement of a larger scale exploration program. Of the nine holes discussed in this announcement, six (PEP038 to PEP043) were drilled around but outside the Pepas core, while three (PEP044 to PEP046) have been drilled as part of the previously announced infill program that is designed to move Pepas to a Mineral Resource Estimate (MRE). PEP038 was drilled to the north at what is referred to as Pepas North. This was the third of three holes drilled here as the first move to this area, following up positive surface geochemical results. This hole was drilled orthogonal to the two previous holes, to provide the maximum lithological and structural information. PEP038 returned a result of 16.8m @ 0.68g/t Au. As with the two previous holes in this vicinity, this hole demonstrates the scale of the epithermal system that hosts Pepas and has provided valuable information to understand the controls of this system. PEP039 was a speculative exploration hole drilled a substantial distance to the south and west of the Pepas core, following up zones of surface silicification. No substantial results were returned. PEP040 was drilled outside the known Pepas envelope to the SW, to test lower-level shallow mineralisation previously identified by earlier drilling. The hole returned a small intersection of 10.25m @ 1.35g/t Au from surface (figure 4) that indicates the potential for a body of satellite mineralisation, adjacent to the Pepas core, that will require additional follow up. Figure 4. PEP040 and PEP046 section PEP041 was drilled outside the currently known Pepas envelope to the north to test the northward extension of the mineralisation first identified by earlier drilling undertaken by the Company's previous JV partner MMA. This hole returned a positive intersection of 31.75m @ 2.01 g/t Au, opening this area for potential extension (figure 5). Figure 5. PEP041 Section PEP042 was drilled to the NE of the currently known central core of mineralisation as a conceptual hole to test geophysical zones that were identified by the recent airborne magnetic survey. No surface geochemical work has yet been undertaken in this area. Several thin zones of encouraging gold mineralisation were encountered in this hole, well outside the known mineralised core (figure 6). This result has substantially increased the potential of this area and will now be followed up with surface mapping and sampling, and potentially later drilling. Figure 6. PEP042 Section PEP043 was drilled outside the known mineralised envelope to test areas of surface silicification. No substantial intersections were recorded Holes PEP044, PEP045 and PEP045 were all drilled as part of the previously announced MRE infill program at Pepas. A plan for this program has been developed to infill Pepas to sufficient degree to potentially allow a high level (measured and indicated) MRE to be calculate, but also to assist in understanding the controls upon mineralisation and to better define the very high-grade zones that have the potential to add substantial ounces. Results from these holes were exceptional, with PEP044 returning 38.5m @ 6.01g/t Au, PEP045 returning 62.3m @ 12.76g/t Au and PEP046 returning 53.2m @ 3.36g/t Au (figures 4 and 7). The Company feels these results vindicate its decision to begin the resource drilling phase at Pepas, with these exceptionally thick, and high-grade results, substantially upgrading the potential for contained ounces beyond what had been assumed at the commencement of the process. In addition, the results, particularly that of PEP045, have provided valuable insight to the primary controls upon this mineralisation, suggestive of the main feeder zone being a series of steeply dipper structures along the SW margin of the zone. The depth extent implications of this theory will be tested in later drilling Figure 7. PEP044 and PEP045 section Drill intersections for these most recent holes are as follows: Table 1. Latest drill Intercepts, Pepas Prospect Geological Modelling As previously announced, Company geological teams, in cooperation with an external consultant are currently engaged in a comprehensive review and reinterpretation of all drilling undertaken on the Anzá project since its inception in roughly 2012, with particular focus on the APTA and Pepas prospects as these both have near-term resource potential. The results thus far are highly encouraging, with recent insights suggesting substantively different genetic theories to that put forward by the previous owners of the ANZÁ project and the Company's previous JV partner. These concepts are being finalised now, which will lead to exploration plans being formalised to run in parallel with the ongoing resource infill program at Pepas. Holes Drilled post MMA Transaction 26 holes have been drilled at Pepas since the MMA Transaction in November 2024. Assay results are tabulated below. Table 2. Results to date, post MMA Transaction Orosur CEO Brad George commented: 'The latest results at Pepas are exciting. Not only do we continue to expand the area of potential that will require drill follow-up, but the commencement of resource drilling has exceeded all expectations, with some of the thickest and highest grade intersections seen anywhere in the world. We have only just begun.' For further information, visit follow on X @orosurm or please contact: Orosur Mining Inc Louis Castro, Chairman, Brad George, CEO [email protected] Tel: +1 (778) 373-0100 SP Angel Corporate Finance LLP - Nomad & Joint Broker Jeff Keating / Jen Clarke / Devik Mehta Tel: +44 (0) 20 3470 0470 Turner Pope Investments (TPI) Ltd - Joint Broker Andy Thacker/James Pope Tel: +44 (0)20 3657 0050 Flagstaff Communications and Investor Communications Tim Thompson Mark Edwards Fergus Mellon [email protected] Tel: +44 (0)207 129 1474 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Drill Hole Details - Pepas prospect 2022/2024 Programme* * Coordinates WGS84, UTM Zone 18 About Orosur Mining Inc. Orosur Mining Inc. (TSXV:OMI)(AIM:OMI) is a minerals explorer and developer currently operating in Colombia, Argentina and Nigeria. About the Anzá Project Anzá is a gold exploration project, comprising three exploration licences, and a large number of licence applications, totalling 399km2, in the prolific Mid-Cauca belt of Colombia. The Anzá Project is currently wholly owned by Orosur via its subsidiaries, Minera Anzá S.A. and Minera Monte Aquila S.A.S. The project is located 50km west of Medellin and is easily accessible by all-weather roads and boasts excellent infrastructure including water, power, communications and large exploration camp. Qualified Persons Statement The information in this news release was compiled, reviewed, verified and approved by Mr. Brad George, BSc Hons (Geology and Geophysics), MBA, Member of the Australian Institute of Geoscientists (MAIG), CEO of Orosur Mining Inc. and a qualified person as defined by National Instrument 43-101. Orosur Mining Inc. staff follow standard operating and quality assurance procedures to ensure that sampling techniques and sample results meet international reporting standards. Drill core is split in half over widths that vary between 0.3m and 2m, depending upon the geological domain. One half is kept on site in the Minera Anzá core storage facility, with the other sent for assay. Industry standard QAQC protocols are put in place with approximately 10% of total submitted samples being blanks, repeats or Certified Reference Materials (CRMs). Samples for holes PEP-001 to PEP-011 were sent to the Medellin preparation facility of ALS Colombia Ltd, and then to the ISO 9001 certified ALS Chemex laboratory in Lima, Peru. Samples from PEP-012 onwards are sent to Medellin laboratory of Actlabs for preparation and assay. 30 gram nominal weight samples are then subject to fire assay and AAS analysis for gold with gravimetric re-finish for overlimit assays of >5 g/t. ICP-MS Ultra-Trace level multi-element four-acid digest analyses may also undertaken for such elements as silver, copper, lead and zinc, etc. Gold intersections are reported using a lower cut-off of 0.3g/t Au over 3m. Intersections are quoted as downhole thicknesses. True thicknesses are unknown. Forward Looking Statements All statements, other than statements of historical fact, contained in this news release constitute 'forward looking statements' within the meaning of applicable securities laws, including but not limited to the 'safe harbour' provisions of the United States Private Securities Litigation Reform Act of 1995 and are based on expectations estimates and projections as of the date of this news release. Forward-looking statements include, without limitation, the continuing focus on the Pepas prospect, the exploration plans in Colombia and the funding of those plans, and other events or conditions that may occur in the future. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such forward-looking statements. Such statements are subject to significant risks and uncertainties including, but not limited to, those described in the Section 'Risks Factors' of the Company's MD&A for the year ended May 31, 2024. The Company's continuance as a going concern is dependent upon its ability to obtain adequate financing, to reach profitable levels of operations and to reach a satisfactory closure of the Creditor´s Agreement in Uruguay. These material uncertainties may cast significant doubt upon the Company's ability to realize its assets and discharge its liabilities in the normal course of business and accordingly the appropriateness of the use of accounting principles applicable to a going concern. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events and such forward-looking statements, except to the extent required by applicable law. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit SOURCE: Orosur Mining Inc press release
Scottish Sun
15-07-2025
- Entertainment
- Scottish Sun
ITV in schedule shake up as Love Island is extended for ‘most shocking recoupling of the whole series'
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) BOSSES at ITV have decided to shake up the channel's schedule for tonight's Love Island. The long-running ITV2 dating show has been extended for the 'most shocking recoupling of the whole series.' Sign up for the Entertainment newsletter Sign up 6 Love Island producers have extended tonight's edition for the 'most shocking recoupling of the series' 6 Execs decided the events were so dramatic, they needed to be shown over five parts Credit: ITV Casa Amor has shaped events in the villa for the entire week as some of the boys decided to bring new girls to the main villa. On the long-running dating programme, some of the girls also chose to recouple with more of the bombshells as relationships were tested. Harry Cooksley has been involved in a love triangle between Helena Ford and his ex-girlfriend Emma Munro. Meg clashed with new bombshell Malisha after her date with Dejon, while it seems that things might be back on with Toni and Harrison. As a new recoupling looms, producers have taken a rare step to make sure as much villa action makes it to the airwaves. Tonight's edition of Love Island has been extended by 20 minutes so viewers can get the most out of the super dramatic recoupling. The episode is apparently so dramatic, the drama has had to be shown over five parts. As such, the new sitcom Transaction has been pushed back with a new start time of 10.20pm. A source told The Sun: "It's the most dramatic recoupling of the whole series and was impossible to edit down to an hour." Recently, reality show enthusiasts were shocked by Harrison's recent behaviour. Love Island fans spot 'evil' way producers 'messed with' stars ahead of cliff-hanger episode as three couples' future hangs in the balance Onlookers were initially obsessed when Toni recreated the iconic Ekin-Su crawl on the terrace in a scandalous U-turn. She also admitted that she was "happier" with Harrison than she was with Cacherel 'Cach' Mercer. The Las Vegas cabana server then told her former partner to get rid of his Casa Amor bombshell, Lauren Wood, that he brought back to the villa. But viewers noticed that before the secret conversation, Harrison reassured Lauren throughout the day. Who will he choose? 6 Megan Moore and Dejon Williams previously clashed after Casa Amor Credit: ITV 6 Harry's head may have been turned away from Helena Ford Credit: ITV 6 Harrison Solomon reassured his Casa Amor bombshell Lauren Wood Credit: ITV 6 However, he secretly met with Toni Laites on the terrace Love Island continues on ITV2 and is available to stream on ITVX.
The Irish Sun
15-07-2025
- Entertainment
- The Irish Sun
ITV in schedule shake up as Love Island is extended for ‘most shocking recoupling of the whole series'
BOSSES at ITV have decided to shake up the channel's schedule for tonight's Love Island. The long-running ITV2 dating show has been extended for the 'most shocking recoupling of the whole series.' 6 Love Island producers have extended tonight's edition for the 'most shocking recoupling of the series' 6 Execs decided the events were so dramatic, they needed to be shown over five parts Credit: ITV On the long-running dating programme, some of the girls also chose to recouple with more of the bombshells as relationships were tested. READ MORE ON LOVE ISLAND As a new recoupling looms, producers have taken a rare step to make sure as much villa action makes it to the airwaves. Tonight's edition of Love Island has been extended by 20 minutes so viewers can get the most out of the super dramatic recoupling. The episode is apparently so dramatic, the drama has had to be shown over five parts. As such, the new sitcom Transaction has been pushed back with a new start time of 10.20pm. Most read in News TV A source told The Sun: "It's the most dramatic recoupling of the whole series and was impossible to edit down to an hour." Recently, reality show enthusiasts Love Island fans spot 'evil' way producers 'messed with' stars ahead of cliff-hanger episode as three couples' future hangs in the balance Onlookers were initially obsessed when crawl on the terrace in a scandalous U-turn. She also admitted that she was "happier" with Harrison than she was with The Las Vegas cabana server then told her former partner to get rid of his Casa Amor bombshell, , that he brought back to the villa. But viewers noticed that before the secret conversation, Who will he choose? Love Island 2025 full lineup : A 30-year-old footballer with charm to spare. : A 22-year-old Manchester-based model, ready to turn heads. : A payroll specialist from Southampton, looking for someone tall and stylish. : International business graduate with brains and ambition. : A gym enthusiast with a big heart. : A Londoner with celebrity connections, aiming to find someone funny or Northern. : A personal trainer and semi-pro footballer, following in his footballer father's footsteps. : A towering 6'5' personal trainer. : A 25-year-old Irish rugby pro. : Love Island's first bombshell revealed as sexy Las Vegas pool party waitress. : The 24-year-old bombshell hails from London and works as a commercial banking executive. : Pro footballer and model entering Love Island 2025 as a bombshell. Giorgio Russo : The 30-year-old will be spending his summer in the sun, potentially his sister Alessia's successful tournament at the Euros in Switzerland. : Professional DJ from Manchester who appeared on X Factor 2016 in girl group Four of Diamonds. : Miss Bikini Ireland 2019 winner who hails from Dublin and works as a nail technician and personal trainer. Emma Munro: Harry Cooksley's ex who entered as a bombshell and works as a hydrogeologist. Departures : : Axed after an arrest over a machete attack emerged. He was released with no further action taken and denies any wrongdoing. : A model and motivational speaker who has overcome adversity after suffering life-changing burns in an accident. : A boxer with striking model looks, seeking love in the villa. : A teaching assistant from Broxbourne, Hertfordshire, who entered Love Island 2025 as a bombshell . : Works as a scaffolder day-to-day and plays semi-pro football on the side. Poppy Harrison: The bombshell broke up with her boyfriend after finding out she would be in the villa Will Means : The fourth fittest farmer in the UK according to Farmers' Weekly in 2023 entered the villa as a bombshell : An Irish actress part of the OG line-up. : 23-year-old personal banker from Glasgow who fancies herself as a 'good flirt'. : 27-year-old gym hunk who entered the show as a bombshell . 6 Megan Moore and Dejon Williams previously clashed after Casa Amor Credit: ITV 6 Harry's head may have been turned away from Helena Ford Credit: ITV 6 Harrison Solomon reassured his Casa Amor bombshell Lauren Wood Credit: ITV 6 However, he secretly met with Toni Laites on the terrace Love Island continues on ITV2 and is available to stream on ITVX .
Spectator
13-07-2025
- Entertainment
- Spectator
ITV's Transaction is painfully unfunny
The plot of Transaction, a six-part comedy currently showing on ITV2, is simple. A supermarket accused of transphobia hires a transgender night shift worker to protect themselves from an activist mob hammering on the doors. The problem for manager Simon (played by Nick Frost) is that he employs a transwoman on a mission to be outrageous, vulgar and crude, and to lecture the audience on trans rights. Promoted as humour, there's a big problem: it just isn't funny. Transaction was written and created by Jordan Gray who also plays the part of egocentric transwoman Liv, someone more accustomed to sponging off friends and surfing the internet than earning a living stacking shelves on the night fill. Gray is best known for stripping naked live on Channel 4, and playing the piano 'with her penis,' in the words of the Daily Mail. It's no surprise, perhaps, that the humour is crude. 'Bush sniffing', for example, I learned was something rather different to the appreciation of horticulture. It's certainly hard to see the boundary between Gray the actor and Liv the character. Transaction's audience is treated to regular intrusions of transgender politics. We hear that, 'despite the objections of the right-wing press, [Liv is] in fact, in the ladies' bathroom'. On another occasion, Liv asks, 'Do you know what they do to women like me in prison? Nothing, because they're too busy trying to figure out which prison to put me in.' The script is rather stronger on trans privilege that trans responsibility There are also, of course, references to Harry Potter and a 'Scaniel Radcliffe' – JK Rowling lives rent free in Gray's head, I suspect. Episode three includes the ludicrous idea that Liv might be pregnant after sex in the warehouse. But the impossibility is lost on coworker Mike who decides he is not ready to be a dad and blurts, 'What if I cut the umbilical cord and I cut the wrong thing?' It's just not funny, but it does set the scene to discuss maternity and paternity rights. 'I'm entitled to both', demands Liv with that sense of entitlement characteristic of trans rights activism. The script is rather stronger on trans privilege that trans responsibility. Maybe five years ago it would have worked for Liv to declare, 'The last thing you can do right now is fire a transgender employee. But here's the thing – the only thing worse than firing me would be if I quit.' Liv goes on to break the rules while others face the consequences. Some allegedly transphobic graffiti that kept the cast busy for too long was eventually attributed to Liv. It could have been funny if it poked fun at the way trans people were seen as some saintly class, and most oppressed of all, but self-deprecation is not a feature of the script. The public has tired of the nonsense, and many have seen through the unfounded claims that are made about gender identity and being somehow born in the wrong body. Liv's ability to quell that activist mob calling for trans rights simply by standing on a checkout conveyor and delivering a homily speaks more to 2020 than 2025. The rendition of the Hallelujah Chorus and a halo effect from suitably placed ceiling lights added cringe rather than credibility. It might have worked had someone quipped, 'He's not the Messiah, he's a very naughty boy!' Alas they didn't, either then or in the final episode when Liv sings, 'You put me on this pedestal, now I'm never coming down! Don't let my penis come between us. Born on Mars, now I live on Venus. Dick for brains? Then I'm a genius. There's a chance I might be Jesus'. It's a shame because Gray can sing, and the acting is rather good. Gray and Frost both play their characters very well, while Francesca Mills and Kayla Meikle were excellent as co-workers Millie and Beefy Linda – a woman with dwarfism, and a rather large black woman. I could relate to their characters and I finished the box set wanting to know more about them. But in the end, this series is all about Liv, and hence all about Jordan Gray. Two hours of that was enough to last me a lifetime.
