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Toronto, November 29, 2021 (Global News Agency) – Denarius Silver Corp. (“Denarius” or “Company”) (Toronto Stock Exchange:Mono) Announced today that the three-month and nine-month unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2021 and the accompanying management discussion and analysis (MD&A) have been submitted.These files can be found on their website www.denariussilver.com And by viewing its profile on SEDAR www.sedar.com. Unless otherwise stated, all financial data contained herein are expressed in U.S. dollars.
Highlights of the third quarter and first nine months of 2021
- Denarius is a junior exploration company currently drilling for the Lomero-Poyatos polymetallic deposit on the Spanish side of the prolific copper-rich Iberian pyrite belt. The company also began drilling its Guia Antigua silver and gold project in Colombia in mid-2021, and IAMGOLD Corporation is conducting an exploration plan for the company’s Zancudo project in Colombia as part of the proceeds option agreement. Denarius has a cash balance of US$18.3 million as of September 30, 2021, sufficient funds to be used for current exploration activities.
- Denarius was established in February 2021 through a reverse takeover transaction (“RTO transaction”) and began trading on the TSX Venture Exchange (“TSXV”) in March 2021 under the code “DSLV”. The company has currently issued 207.4 million common shares of GCM Mining Corp. (formerly Grand Columbia Gold Corporation) (Toronto Stock Exchange:GCM) And King Street Capital own 19% of the shares.
- Initially, the company focused on two silver and gold exploration projects, namely the Guia Antigua and Zancudo projects, both of which are located in high-grade mining areas in Colombia. At the same time as the RTO transaction was completed, 1255269 BC Ltd. (a party to the RTO transaction and the “Guawei Antigua seller”) completed a private placement financing, and the total proceeds of 8.4 million Canadian dollars (approximately US$6.7 million) were released from the custody To our company. Denarius used these funds to fund the Guia Antigua project’s exploration plan and general corporate purposes.
- In April 2021, the company added a third project (“Lomero Project”) and acquired…
The full story on Benzinga.com
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