The Company has agreed to issue a minimum of 3 million units at a price of CAD$0.12 per Unit to raise minimum gross proceeds of CAD$360,000. Each Unit will consist of one common share in the capital of the Company and one full warrant to purchase an additional common share at an exercise price of CAD$0.20 for a two-year period following the closing of the Private Placement.
Magna Gold Corp announces that it has entered into a shares-for-services agreement with VRIFY Technology Inc. pursuant to the provisions of TSX Venture Exchange Policy 4.3. Pursuant to the Agreement, VRIFY, which provides technology services to the Company, will receive its fees by way of the issuance of common shares of the Company. The Shares will be issued at a deemed price per Share equal to the Discounted Market Price (as defined in Exchange policies) of the Shares as traded on the Exchange on the first trading date following the date the Services are provided to the Company. The Agreements are subject to Exchange acceptance.
‘Drilling at Margarita was completed on time and under budget allowing us to drill an extra 4 holes.’ commented Tom Obradovich, Sable’s President & CEO. ‘We now have a clear picture of the potential at Margarita and will be advancing the project accordingly’.
La exploración del proyecto Juanicipio representa una inversión de 400 millones de dólares por parte de Fresnillo plc en un período de tres años.
Mako Mining Corp. today announced that it will conduct an offering of rights to acquire common shares of the Company to raise gross proceeds of C$27,000,000.
Finnish industrial machinery company Metso has announced its acquisition of McCloskey International, a Canadian mobile crushing and screening equipment manufacturer.
Ethos Gold Corp. is pleased to announce the commencement of its maiden drill program at the La Purisima gold project in north-west Chihuahua State, Mexico. The initial program will comprise approximately 3,000 meters of reverse circulation drilling in a planned 15 RC holes. The drilling will target near surface, bulk tonnage, oxide gold mineralization.
Oroco Resource Corp. is pleased to announce the receipt of the initial draft of an Independent Technical Report regarding the Geology, Mineralization, and Exploration of the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit in Sinaloa, Mexico. The Technical Report has been prepared by Dane A. Bridge Consulting Inc. of Calgary, Alberta, for use by the Company and by Altamura Copper Corp. for filing as a Technical Report with Canadian securities authorities pursuant to National Instrument 43-101, Standards of Disclosure for Mineral Projects, per the NI 43-101F guidelines.
Galore Resources Inc. announces that further to its news release of May 27, 2019 which advised the Company had received a USD $100,000 loan from an officer of the Company in order to pay expenses related to its current 2,500-meter diamond core drilling program at Galore’s 100% owned El Alamo target, the Company has now agreed to issue 2,000,000 bonus warrants to the Lender as further consideration for the loan. The bonus warrants will be exercisable for a period of one year from the date of issuance at a deemed price of $0.05. The issuance of these bonus warrants will be subject to the acceptance by the TSX Venture Exchange.
Kootenay President and CEO, James McDonald stated: ‘We thank Pan American for the considerable work they have done on the Project, in particular the extensive drilling completed at the La Negra high-grade silver discovery. Combined with the existing large resource base of Promontorio and over US$3.6million in exploration expenditures funded by Pan American in advancing the Project, we are regaining control of 100% of what we consider to be very valuable assets.’
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