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Dynaresource Inc (QX)

Dynaresource Inc (QX) (DYNR)

1.75
-0.05
(-2.78%)
Closed June 03 4:00PM

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Key stats and details

Current Price
1.75
Bid
1.51
Ask
1.84
Volume
7,450
1.38 Day's Range 1.80
1.38 52 Week Range 3.01
Market Cap
Previous Close
1.80
Open
1.80
Last Trade
100
@
1.75
Last Trade Time
Financial Volume
$ 11,938
VWAP
1.6024
Average Volume (3m)
1,994
Shares Outstanding
23,246,654
Dividend Yield
-
PE Ratio
-2.75
Earnings Per Share (EPS)
-0.64
Revenue
35.57M
Net Profit
-14.77M

About Dynaresource Inc (QX)

DynaResource, Inc. ("DynaUSA") currently owns 80% of DynaResource de Mexico SA de CV.("DynaMexico"); DynaMexico owns 100% of San Jose de Gracia, a High Grade, prolific Gold Property in Sinaloa, Mexico ("SJG"); a past 1 M. Oz. Gold Producer. DynaUSA is focused on the test underground mining and pilot... DynaResource, Inc. ("DynaUSA") currently owns 80% of DynaResource de Mexico SA de CV.("DynaMexico"); DynaMexico owns 100% of San Jose de Gracia, a High Grade, prolific Gold Property in Sinaloa, Mexico ("SJG"); a past 1 M. Oz. Gold Producer. DynaUSA is focused on the test underground mining and pilot production operations at the Potential World Class SJG Project, which exhibits the opportunity for the definition of over 3 M. Oz. Gold Resources. A Canadian National Instrument 43-101 Resource Estimate was released by DynaMexico at Dec. 31, 2012; reporting 402,000 Oz. Au Indicated; and 741,000 Oz. Au Inferred Resources. All mineralized areas are open along strike and down dip for further expansion. IMPORTANT CAUTIONARY NOTE REGARDING CANADIAN DISCLOSURE STANDARDS The Company is an "OTC Reporting Issuer" as that term is defined in Multilateral Instrument 51-509, Issuers Quoted in the U.S. Over-the-Counter Markets, promulgated by various Canadian provincial Securities Commissions. Accordingly, certain disclosure in this news release or other disclosure provided by the Company has been prepared in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of United States securities laws. In Canada, an issuer is required to provide technical information with respect to mineralization, including reserves and resources, if any, on its mineral exploration properties in accordance with Canadian requirements, which differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC") applicable to registration statements and reports filed by United States companies pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. As such, information contained in this news release or other disclosure provided by the Company concerning descriptions of mineralization under Canadian standards may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the SEC and not subject to Canadian securities legislation. This summary description or other disclosure provided by the Company may use the terms "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". While these terms are recognized and required by Canadian regulations (under National Instrument 43-101, Standards of Disclosure for Mineral Projects), the SEC does not recognize them. United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted to reserves. In addition, "inferred mineral resources" have a great amount of uncertainty as to their existence and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities legislation, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, although they may form, in certain circumstances, the basis of a "preliminary economic assessment" as that term is defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. U.S. investors are cautioned not to assume that part or all of an inferred mineral resource exists, or is economically or legally mineable. *Cautionary Statement to U.S. Investors: The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. According to the definitions provided within SEC Industry Guide 7; the San Jose de Gracia Property currently contains No Known Reserves. U.S. investors are urged to carefully consider the disclosures contained in our most recent 10-K. Show more

Sector
Metal Mining Services
Industry
Metal Mining Services
Headquarters
Dover, Delaware, USA
Founded
1970
Dynaresource Inc (QX) is listed in the Metal Mining Services sector of the OTCMarkets with ticker DYNR. The last closing price for Dynaresource (QX) was $1.80. Over the last year, Dynaresource (QX) shares have traded in a share price range of $ 1.38 to $ 3.01.

Dynaresource (QX) currently has 23,246,654 shares outstanding. The market capitalization of Dynaresource (QX) is $40.68 million. Dynaresource (QX) has a price to earnings ratio (PE ratio) of -2.75.

DYNR Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.05-2.777777777781.81.81.3812001.8CS
4-0.3-14.63414634152.052.051.389281.89847058CS
12-0.23-11.61616161621.982.161.3819941.77173952CS
26-0.25-12.522.51.3831792.09164598CS
52-0.24-12.06030150751.993.011.3848852.3710299CS
1560.8696.62921348310.893.010.157692.05627083CS
2601133.3333333330.753.010.154041.64621837CS

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DYNR Discussion

View Posts
eom7 eom7 7 years ago
DynaResource, Inc. Announces the Exercise of 1 M Common Share Options At $2.50 per Share, In the Total Amount of $ 2.5 M USD

IRVING, TX--(Marketwired - Aug 24, 2017) - (OTCQB: DYNR) - DynaResource, Inc. ("DynaUSA", and "the Company"), a minerals investment, management, exploration and development company based in Irving, Texas, with a current focus on the test mining and pilot milling operations at the San Jose de Gracia high grade gold project in northern Sinaloa State, Mexico ("SJG"), is pleased to announce that the Company has received proceeds in the amount of $ 2.5 M USD following the exercise of 1 Million outstanding options at a price of $2.50 per share. The option exercise was completed and funded on August 22, 2017 (the "DR $2.50 Exercise"). A summary of the DR $ 2.50 Exercise is set forth below:

DynaUSA received the exercise of outstanding options to acquire 1 M common shares, and in doing so has sold 1 M common shares of the Company, issued under Regulation D, at a price per share of $2.50;
DynaUSA received option exercise proceeds in the amount of $ 2.5 M USD;
Subsequent to the DR $2.50 Exercise, DynaUSA reports a total of 17,722,825 Common Shares Outstanding;
Mr. K.D. Diepholz, Chairman/CEO of DynaUSA said: "I am pleased to receive the continued confidence and support from individual shareholders of the Company. The DR $2.50 Exercise continues our Company tradition of financing activities through the support of private equity. The proceeds from the DR $2.50 Exercise will support the ongoing expansion of the test mining and pilot milling operations being carried out by Mineras de DynaResource, SA de CV., the exclusive Operator at San Jose de Gracia ("DynaMineras"). DynaMineras, owned 100% by DynaUSA, projects the increase of outputs from the mine and mill in Q4 2017. I will look forward to reporting the results of expanded operations by DynaMineras at SJG."

Mr. Eduardo Luna, Executive Advisor for DynaMineras at SJG, and a member of DynaUSA's Board of Directors said: "I would like to thank the DynaUSA shareholders for their continued confidence and support. I am anxious to utilize this capital support in order to inject additional energies into our expansion activities and in order to fast track our expansion plans at SJG. I believe we will accomplish substantial results at SJG, and I'm looking forward to leading a team of managers and operators towards our target of building San Jose de Gracia into a world class, multi-million ounce gold asset."

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This News release contains forward-looking statements within the meaning of Section 27 A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

Certain information contained in this news release, including any information relating to future financial or operating performance may be deemed "forward-looking". All statements in this news release, other than statements of historical fact, that address events or developments that DynaResource expects to occur, are "forward-looking information". These statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of DynaResource. These forward-looking statements reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to DynaResource. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Certain assumptions have been made regarding the Company's plans at the San Jose de Gracia property. Many of these assumptions are based on factors and events that are not within the control of DynaResource and there is no assurance they will prove to be correct. Such factors include, without limitation: capital requirements, fluctuations in the international currency markets and in the rates of exchange of the currencies of the United States and México; price volatility in the spot and forward markets for commodities; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local governments in any country which DynaResource currently or may in the future carry on business; taxation; controls; regulations and political or economic developments in the countries in which DynaResource does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits, diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; changes in project parameters as plans continue to be refined; accidents; labor disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance, to cover these risks) as well as those risks referenced in the Annual Report for DynaResource available at www.sec.gov. Forward-looking information is not a guarantee of future performance and actual results and future events could differ materially from those discussed in the forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Although DynaResource believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. DynaResource expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise.

For further information on DynaResource, Inc. and DynaMineras, please visit www.dynaresource.com or contact:

Brad J. Saulter
DynaUSA V.P.
Investor Relations
US Telephone: 972-868-9066

K.D. Diepholz
DynaUSA
Chairman / CEO

DynaResource de México-Presidente
Mineras de DynaResource
Presidente
👍️0

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