Metals Update 01/02/2021

Maple Gold prospectus offering

The company’s short form prospectus dated Dec. 21, 2020, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission and the securities regulatory authorities of Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador securities commissions, pursuant to the provisions of the respective securities acts.

Read More

Prime Mining investor Lassonde acquires 2M shares

Pierre Lassonde has purchased two million common shares of Prime Mining Corp. through the facilities of the TSX Venture Exchange.

Read More

Eloro grants options to buy 1.03 million shares

Eloro Resources Ltd. has granted options to directors, officers, employees and consultants to purchase an aggregate of 1.03 million common shares of Eloro, exercisable at $4.45 per share at any time on or before Feb. 1, 2026. The grant is subject to TSX Venture Exchange, acceptance and is made in accordance with and subject to the terms of Eloro’s stock option plan. In accordance with securities regulatory requirements, any shares issued pursuant to the exercise of such options will be subject to a resale restriction for a period of four months from the date of the grant.

Read More

Evergold increases private placement to $8M

Evergold Corp. has agreed, with Canaccord Genuity Corp. acting as underwriter, to increase the previously announced bought deal financing by $2-million for total gross proceeds of $8-million, with a lead order from Palisades Goldcorp Ltd. The underwriter has agreed to purchase, on a bought deal basis, a total of 17.5 million units (HD units) at a price of 20 cents per unit for gross proceeds of $3.5-million and 20,454,546 flow-through units (FT units) at a price of 22 cents per unit for gross proceeds of $4.5-million. As previously announced, each FT unit shall consist of one common share of the company and one-half of one transferable common share purchase warrant, each of which will qualify as a flow-through share (within the meaning of Subsection 66(15) of the Income Tax Act (Canada). Each HD unit shall consist of one common share of the company and one warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of 30 cents for a period of three years following the closing of the offering. The parties have agreed that the underwriter’s option will be removed.

Read More

Impact Silver buys 2 drills, to start 10,000 m program

Impact Silver Corp. has purchased two core drills to accelerate exploration drilling on the property and has started a 10,000-metre drill program.

The first new unit is a surface drill which has begun drilling in the Veta Negra mine area. The second is an underground drill which will soon begin underground exploration. The company also owns an older underground drill that will continue to outline zones for production. With three company-owned dedicated drills, Impact will be better able to efficiently and cost-effectively drill test mining and exploration targets without dependence on outside drill contractors in uncertain times.

Read More

Aurion increases private placement to $9-million

In connection with its previously announced private placement financing, Aurion Resources Ltd. and a syndicate of agents led by Cormark Securities Inc. have agreed to increase the size of the marketed offering of common shares from the treasury of the company to $9-million, at a price of 85 cents per common share.

Read More

Cantex drills 4.05 m of 39.39% Pb-Zn at North Rackla

Cantex Mine Development Corp. has released an update on the work program at its 14,077-hectare North Rackla claim block where drill results continue to define a lead-zinc-silver mineralized system with Broken Hill type (BHT) affinities.

Read More

Leave a Reply