Junior corporate roundup: Revelo, Southern Silver, Argosy, Duran

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Friday, May 19, 2017

Chile-focused Revelo Resources announced the resignation of Mario Szotlender from the board effective May 17, and has appointed Ralph Rushton to replace him, a statement said.

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Mexico-focused Southern Silver Exploration entered into an agreement with Gravitas Securities and other co-agents to raise Cdn$5mn (US$3.69mn) in a private placement of units, a press release said.

Net proceeds will be used to contribute to the company's proportionate share (40%) of the costs associated with continuing exploration on the Cerro Las Minitas property in Mexico's Durango state and for additional working capital.

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The shares of Argentina-focused Argosy Minerals will resume trading on the Australian Securities Exchange on May 23 following a trading halt request pending the release of a capital raising announcement, a securities filing said.

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Peru-focused Duran Ventures plans to settle Cdn$96,063 of indebtedness owed to certain arm's length and non-arm's length creditors through the issuance of 1.07mn shares, a statement from the company said.