Plant Upgrade to be Completed by December 31, 2016 VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 17, 2016) - Para Resources Inc. (the "Company" or "Para") (TSX VENTURE:PBR)(FRANKFURT WKN:A14YF1)(OTC:PRSRF") announces production guidance for the balance of 2016 and 2017 and provides an update on the completion of the Mill upgrade at El Limon [...]
- Up to US$18 million financing - First tranche comprised of US$1.0 million gold prepayment investment, and US$1.0 million equity investment - Cartesian Capital Group is a global private equity firm managing more than US$2.4 billion VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 6, 2016) - Para Resources Inc. (the "Company" or "Para") (TSX [...]
Para Resources is pleased to announce production results for the month of June 2016 for the El Limon Mine as follows: Para's President, Randy Martin states, "The commissioning of the re-furbished El Limon Mines is slightly behind schedule due to unanticipated downtime but we anticipate maintaining our ramp up plan that will see full production by [...]
Para Resources is pleased to announce that Para and it's 100% Colombian subsidiary Zara Holdings have entered into a Definitive Agreement dated July 7, 2016 with OTU Gold Ltd to acquire certain mining titles, as well as several mining applications, which are located within the Republic of Colombia. The purchase of the North Otu Properties and the [...]
Para Resources is pleased to announce that it has received TSX Venture Exchange acceptance to the previously announced purchase of the shares of Colombia Milling owned by the other current shareholders of CML, Mr. Randall Martin and SAEF Exploration as follows: Share and Loan Purchase Agreement dated March 7, 2016, between the Para and Martin [...]
Para Resources is pleased to announce that its high-grade gold mine and mill at El Limon in Colombia has been operating since May 14th on a one shift per day basis while processes were optimized and second shift personnel were trained. The plant operated during the period of May 14th through June 13th at 22.4% of design capacity as a result. During [...]
Para Resources is pleased to announce that its high-grade gold mine and mill at El Limon in Colombia has now been operating for two weeks and is producing gold. The senior management team and major shareholders attended the mine site near Zaragosa last week to witness operations. All systems were operational and the mine is processing material [...]
Para Resources is pleased to announce it has entered into a letter of intent by which Para would acquire, directly or through a Colombia company controlled by Para, an undivided 100% interest in all of the mineral concessions owned by Otu Gold consisting of approximately 17,000 hectares located in the Segovia Gold Belt of Northeast Colombia that [...]
Para Resources is pleased to announce that its high-grade gold mine and mill at El Limon in Colombia has completed recommissioning after a $2.5 million USD refurbishment. Each of the components in the processing cycle were tested on a standalone basis during the commissioning phase and are now running in series, together. The commissioning phase [...]
Para Resources is pleased to announce the results of channel sample assays from the development mining faces in the underground and from the historical tailing from the El Limon Mine. The following tables and charts illustrated the results of 75 samples assayed in Activation Laboratories Ltd. - ACTLABS. The samples were taken perpendicularly to a [...]
Para Resources Inc. (TSX Venture: PBR) ("Para" or the "Company"): This press release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report regarding the acquisition of securities of the Company by Conex [...]
Para Resources reports that it has closed the private placement financing originally announced by the Company for $400,000 on March 4th, 2016 and increased to $600,000 on March 8th for gross proceeds of $765,400 through the issuance of 6,378,332 Units at a price of $0.12 per Unit, Each "Unit" is comprised of one common share of the Company and one [...]