Searchlight Resources Announces Non-Brokered Private Placement

Air Canada Says Safety Unaffected by Licensing Issue; Pilot Removed Immediately

Air Canada (AC.TO) after trade Monday said safety was not compromised in a case involving a former pilot who lacked the required licence certification for his role.The former pilot held a valid Commercial Pilot Licence and completed all required training and competency checks during his employment. However, after being promoted to captain, he did not hold the required Airline Transport Pilot Licence, the company said."Immediately upon Air Canada's discovery of this, the individual was removed from active duty, and the company voluntarily reported the matter to Transport Canada," it added.The individual is no longer employed by the company. Due to privacy laws and an ongoing criminal investigation, Air Canada said it cannot provide further details, according to the statement.

1911 Gold Brief: Plans Overnight Marketed Offering, With Final Pricing, and Size of the Offering of Common and Flow-Through Shares Not Yet Determined

Panoro Minerals Reports Results from South Pit Expansion Drilling at Cotabambas in Peru

Panoro Minerals (PML.V) after trade Monday released assay results from drillhole CB-228, the first hole completed under the phase 1 expansion drilling program at the South Pit of the Cotabambas Project in Peru's Apurimac Region.The company said drillhole CB-228 intersected 317.6 metres grading 1.04% copper equivalent (CuEq), including intervals of 162 meters at 1.54% CuEq, 85.9 meters at 1.36% CuEq, and 66.1 meters at 1.92% CuEq. These intervals occur within a broader interval of 487.4 meters grading 0.80% CuEq.The company also said it is expanding its drilling program to 45,000 meters, with a second drill hole currently underway at the South Pit. A second drill rig is expected to arrive in June, followed by two additional rigs later this summer.Panoro also plans to launch an extensive deep and shallow geophysics program to support the drilling exploration of the high-grade continuity at depth and to the southwest. The expanded exploration is fully funded following the completion of a C$21 million equity financing, it added."We are excited by the results from our first expansion hole drilled on the South Pit at Cotabambas. The results validate our thesis that the high-grade mineralization continues at depth, which should allow us to potentially expand resources at Cotabambas meaningfully," Chief Executive Luquman Shaheen said.Panoro shares closed down $0.01 to $1.19 on the TSX Venture Exchange.