Ball Mill 1 achieves 59.5% increase in monthly gold production in December 2016 VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 7, 2017) - Para Resources Inc. (the "Company" or "Para") (TSX VENTURE:PBR)(WKN:A14YF1)(OTC PINK:PRSRF) announces that the second ball mill (BM2) at El Limon which was installed in late December is now operational. The delay in starting operations was due to manufacturer defects in the ball [...]
Further announces that it has terminated the previously announced LOI with Cartesian Capital VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 27, 2017) - Para Resources Inc. (the "Company" or "Para") (TSX VENTURE:PBR)(WKN:A14YF1)(OTC PINK:PRSRF) announces that it has entered into a Gold Loan Agreement (the "Loan"), through its wholly owned subsidiary, Colombia Milling Limited ("CML"), with Conex Services Inc., a company [...]
Existing 30 TPD Mill to be upgraded to 350 TPD VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 26, 2017) - Para Resources Inc. (the "Company" or "Para") (TSX VENTURE:PBR)(WKN:A14YF1)(OTC:PRSRF) announces that it has entered into a Memorandum of Understanding with Mining and Solutions Construction Group S.A. ("MISCON") whereby the parties have outlined their mutual intentions to enter into a proposed strategic alliance [...]
Acquisition expected to increase gold production by over 850 ounces per month VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 18, 2017) - Para Resources Inc. (the "Company" or "Para") (TSX VENTURE:PBR)(FRANKFURT:A14YF1)(OTC PINK:PRSRF) announces that it has entered into a non-binding Letter of Intent to acquire an 80% interest in Nicaragua Milling Company Ltd., a Belize company with mining interests in the Republic of [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 30, 2016) - Para Resources Inc. (the "Company" or "Para") (TSX VENTURE:PBR)(FRANKFURT:A14YF1)(OTC PINK:PRSRF) announces that it and its wholly owned Brazilian subsidiary Angra Metals Mineração Ltda.("Angra") have entered into a Mutual Release Agreement and Amendment Agreement to the Mutual Release Agreement (together the "Settlement Agreements") with Sercor [...]
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. For the period starting with the initial commissioning of the El Limon Mine [...]
- 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 VENTURE:PBR) (FRANKFURT WKN:A14YF1) (OTC:PRSRF) is pleased to announce that [...]
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 the end of 2016. Our team is actively training the local miners and mill [...]
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 assignment and transfer to ZARA of these properties includes all the rights [...]
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, whereby the Company will acquire 875 shares of CML and be assigned US$875,000 [...]
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 that time there were two maintenance shut downs for a total of [...]
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 stockpiled during the re-construction phase. There is approximately 4,500 tons [...]
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