Copper Quest Announcing Adoption of Semi-Annual Reporting; Lodestar Metals Also

Sharc Closes Third-tranche of a Non-brokered Private Placement of Unsecured Convertible Debentures

Sharc International Systems (SHRC.CN) after trade Friday said it has completed the third tranche of its non-brokered private placement financing of unsecured convertible debentures, raising an additional $1.5 million through unsecured convertible debentures.This brings the company's total proceeds raised so far to about $2.1 million, Sharc said, adding that, to support the offering, it exercised part of its 25% overallotment option, which added another $500,000 to the offering size. The remaining $429,000 available under this option will stay open until June 1.Sharc said proceeds from the financing will be used for working capital and general corporate purposes, including supporting the production, shipment, and delivery of its existing sales order backlog.All securities issued under the offering are subject to a statutory hold period of four months and one day from the date they were issued, according to the statement.Shares in Sharc edged down from near 52 week highs today.

Update: -- Sierra Madre Gold and Silver Says Received Mexican Antitrust Approval for Acquisition of the Del Toro Mine

Sierra Madre Gold and Silver Says Receive=d Mexican Antitrust Approval for Acquisition of the Del Toro Mine