San Gold Corporation (SGRCF)

[NYBob]

Canagco is the principal land-owner in the historic Cobalt silver
mining camp located in northeastern Ontario.

Canagco's assets include the past-producing
Langis and Dolphin-Miller silver-cobalt deposits in the northern part
of the camp as well as properties in the southern -
main Cobalt camp that host silver and cobalt tailings -

Kerr Mines Closes Final Tranche of Non-Brokered Private Placement
and Proposed Acquisition of Canagco Mining Corp.


TORONTO, ONTARIO--(Marketwired - May 8, 2014) -

Kerr Mines Inc. (TSX:KER) (the "Company") announces that it has
completed its previously announced private placement of up to
$5 million (the "Offering").

In connection with the final tranche, the Company has issued 20 million common shares (the "Common Shares") of the Company at a price of $0.05 per Common Share for total aggregate proceeds of $1 million. The Company paid finders' fees equal to 5% of the gross proceeds of the Offering. Proceeds of the Offering will be used for general working capital purposes.

Completion of the Offering is subject to final acceptance of the Toronto Stock Exchange (the "Exchange").

The Company is also pleased to announce that it has agreed to enter into a Securities Exchange Agreement (the "Exchange Agreement") with Canagco Mining Corp. ("Canagco") and all of the shareholders of Canagco providing for the acquisition by the Company of all of the issued and outstanding shares of Canagco (the "Canagco Shares"). Pursuant to the terms of the Exchange Agreement, the Company will issue 50 million Common Shares in exchange for all of the issued Canagco Shares.

Canagco is the principal land-owner in the historic

Cobalt silver mining camp located in northeastern Ontario.

Canagco's assets include the past-producing Langis and

Dolphin-Miller silver-cobalt deposits in the northern part of

the camp as well as properties in

the southern main Cobalt camp that host silver and
cobalt tailings.


Completion of the acquisition of Canagco is subject to certain conditions, including Exchange approval.

Kerr Mines Inc.
Greg Gibson
President and CEO
[e-mail]


http://web.tmxmoney.com/article.php?newsid=67659713&qm_symbol=KER:TSX&mobile=false

I do see SGRCF and KER with some excellent mining properties -
and the share price of SGRCF should be fiat$15 of the $ponzy
scheme currency -
I do see SGRCF producing the REAL MONEY and KER also -
and I have zero trust for any fiat ponzy scheme slave currency -
NO FIAT currency is money to me -
The REAL MONEY is only GOLD & Silver to me -
its my opinion and I stick to it -

San Gold Announces Greg Gibson as CEO -

http://web.tmxmoney.com/article.php?newsid=68332409&qm_symbol=SGR&mobile=false

http://www.youtube.com/watch?v=-0dfkUqatJg

San Gold Corp and Kerr Mines Inc Enter into Letter of Intent to Merge Businesses
WINNIPEG, MANITOBA and TORONTO, ONTARIO--(Marketwired - July 21, 2014) -




NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES.

San Gold Corporation
(TSX:SGR)(OTCQX:SGRCF) ("San Gold") and Kerr Mines Inc.
("Kerr Mines") (TSX:KER) are pleased to announce that they have entered into a non-binding letter of intent (the "Letter of Intent") pursuant to which San Gold and Kerr Mines have agreed to merge their respective businesses pursuant to a plan of arrangement (the "Transaction").

"This combination reflects our new strategy of operating multiple, efficient high grade gold mines that are located in mining friendly jurisdictions. Our operating principles of strict grade control, better cost control, lower overheads and operating the mines at the optimum mining rate to properly match the geometry of the orebodies are paying off at Rice Lake and will be applied to other projects, most notably at the Copperstone gold mine in Arizona. The high grade Copperstone mine will be similar in size to the Rice Lake mine and with the ability to restart quickly with low capital requirements under our combined management team. As well, our large portfolio of advanced gold deposits and projects in the Timmins and Kirkland Lake regions is increased immensely with our ownership in SGX Resources in combination with the current Kerr assets," said Gestur Kristjansson, San Gold's President and Vice President Finance.

"It's important to emphasize the extent to which San Gold has reshaped itself over the past four months. This merger provides an important step toward ensuring the full potential of that effort is realized. With more than one producing mine, San Gold is better positioned to get optimum utilization of the knowledge and skills of the operating team and better diversified use of equipment and infrastructure, resulting in greater efficiencies and lower overall costs," Mr. Kristjansson, added.

"San Gold has made tremendous strides in its turnaround over the past three months. Greg Gibson and the Kerr team have made important contributions to that turnaround. The next step to creating a mid-tier producer will be applying the same principles to the Copperstone property," said Stephen McIntyre, Chairman of Kerr Mines.

Under the terms of the Letter of Intent, each Kerr Mines shareholder will be entitled to receive a number of common shares (each, a "San Gold Share") of San Gold for every common share of Kerr Mines (each, a "Kerr Mines Share") held by such Kerr Mines shareholder based on an exchange ratio (the "Exchange Ratio") to be determined by the parties at a later date. Jennings Capital Inc. has been engaged by Kerr Mines and Primary Capital Inc. by San Gold to provide an opinion to the respective Board of Directors of Kerr Mines and San Gold to consider whether the consideration to be received by shareholders under the Transaction, when determined, is fair, from a financial point of view, to the shareholders of each of Kerr Mines and San Gold.

Currently, San Gold has approximately 373 million San Gold Shares outstanding and Kerr Mines has approximately 1.3 billion Kerr Mines Shares outstanding.

In addition, each holder of outstanding stock options and common share purchase warrants of Kerr Mines (the "Kerr Mines Options") will receive such number of replacement options or warrants of San Gold based upon the Exchange Ratio. A break fee of $1,000,000 is payable by either San Gold or Kerr Mines in the event that either party proceeds with an alternative transaction during a specified period while the parties pursue completion of the Transaction.

Completion of the Transaction will be subject to certain conditions including, without limitation: (a) execution of a definitive agreement by August 31, 2014; (b) completion of satisfactory due diligence by both parties; (c) receipt of all necessary consents, waivers, permits, exemptions, orders and approvals, including court approval of the plan of arrangement and the approval of the Toronto Stock Exchange (the "TSX"); (d) receipt of fairness opinions concerning the Transaction by both parties; and (e) receipt of shareholder approval of the Transaction by the shareholders of San Gold and Kerr Mines.

About San Gold

San Gold is an established Canadian gold producer, explorer, and
developer that owns and operates
the Rice Lake Mining Complex near Bissett, Manitoba.
San Gold is on the Toronto Stock Exchange under the symbol "SGR"
and on the OTCQX under the symbol "SGRCF".

For further information on San Gold, please visit www.sangold.ca.

About Kerr Mines

Kerr Mines is a Canadian mineral exploration and development
company based in Toronto, Canada.
Kerr Mines' focus is the acquisition, exploration and development
of prospective mineral properties in North America.
With a proven track record of making discoveries and managing
mines, Kerr's team seeks assets in low risk jurisdictions to
increase its existing resource base, from the exploration drill
bit or through strategic acquisitions.

Kerr Mines has established a sizeable footprint of contiguous gold
properties near Virginiatown, Ontario on the prolific 200-km long
Cadillac-Larder Lake Break that straddles the Ontario-Quebec
border.
Mining properties along the Break have historically produced over
95 million ounces of gold.
Kerr cont ols a 26-km long section of the Break with properties
extending into Quebec.
Kerr's Ontario assets include the McGarry and Cheminis gold mines
in the Kirkland Lake area as well as a five-year option to
purchase the Kerr-Addison property, adjacent to McGarry.
The Kerr-Addison Gold Mine was one of Canada's largest gold
producers, producing more than 11 million ounces of gold during a
58-year operating life from 1938 to 1996.

Kerr's recently acquired Larder Lake gold project from
Bear Lake Gold, located west of the McGarry Mine, is under an
option and joint venture agreement with Gold Fields Abitibi
Exploration Corporation (a subsidiary of Gold Fields Limited)
entitling Gold Fields to acquire up to 60% of the Larder Lake
project by spending up to C$40 million over 5 years.

Kerr also recently acquired
the Copperstone gold mine from American Bonanza in Arizona.
The mine is fully permitted with significant mining and
processing infrastructure in place.

For further information on Kerr Mines, please visit
http://www.kerrmines.com

Cautionary Notes

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Completion of the Transaction is subject to a number of conditions including but not limited to TSX acceptance and receipt of approval by San Gold and Kerr Mines shareholders for the Transaction. The Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.

This press release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein ---- this press release, and San Gold and Kerr Mines do not undertake to update such forward-looking information except in accordance with applicable securities laws.

San Gold Corporation
Tim Friesen
Investor Relations
Toll Free: 1 [phone]

San Gold Corporation
Gestur Kristjansson
President & VP, Finance
Toll Free: 1 [phone]
[e-mail]
http://www.sangold.ca

Kerr Mines Inc.-
Greg Gibson
President and CEO
[e-mail]
http://www.kerrmines.com

http://web.tmxmoney.com/article.php?newsid=69111429&qm_symbol=SGR&mobile=false





http://investorshub.advfn.com/San-Gold-Corporation-SGRCF-9382/





$GOLD INDX Chart TA TI P&F Bullish Price Objective 1st Target $1,530.0 / oz -




God Bless