TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to report positive prospecting sampling results on its 100%-owned Star Lake property, located 120 km southeast of Radisson, in the James Bay area of Québec.
TomaGold has also doubled the size of its Star Lake property to 214 map-designated claims over an area of 10,906 ha (or 109 km 2 ), the largest land position in the sector (see Figure 1). The property is characterized by multiple under-explored outcropping pegmatite intrusions that host unusual enrichment of rare earth elements (see Figure 2), and is located in one of the world's most mining-friendly jurisdictions, with ample green energy sources.
Figure 1: Star Lake Property
In the fall of 2022, TomaGold asked Dahrouge Geological Consulting Ltd. to conduct a one-day prospecting visit on the property for the purpose of resampling historic grab samples (see Table 2) containing anomalous rare earth element values.
A total of nine chip samples were collected in the area, with one returning a total of 3.95% TREO (18,974 ppm Ce2O3, 10,849 ppm La2O3, 5,369 ppm Nd2O3, 1,931 ppm Pr2O3, 902 ppm Sm2O3, 184 ppm Dy2O3, 15 ppm Eu2O3, 511 ppm Gd2O3, 27 ppm Ho2O3, 51 ppm Tb2O3, 4 ppm Tm2O3 and 608 ppm Y2O3) (see Table 1). That particular sample was from a pegmatite intrusion that lies near a shear zone mapped by the Geological Survey of Quebec and near the contact between two lithological units (Laguiche 2a and 3a).
Given these promising results, TomaGold will organize a two-week-long prospecting campaign for early summer 2023.
"This initial TREO result, coupled with Star Lake's historical results, seems to indicate that the property holds promising rare earth exploration potential, which we'll be testing more this summer," said David Grondin, President and CEO of TomaGold. "Rare earth elements are increasingly sought after as they play a critical role in permanent magnets and modern electronic applications such as electric vehicles, which supports our decision to acquire the largest land position in this part of James Bay. It is an interesting fact that since we acquired our property last fall, several mining companies have acquired claims around us, which could lead to more exploration activity and greater recognition of the area going forward."
Figure 2: Multiple outcropping pegmatites on the Star Lake property
Table 1: Results of the 2022 chip sample prospection program 1
Table 2: Historical results from the main rare earth elements showings 2
1 Chip samples are selective by nature, and cannot be considered representative of the mineralization.
2 The results contained in the table are historical. A TomaGold qualified person has not performed sufficient work to validate these results as defined by NI 43-101. Although the historical results may not be reliable, the Corporation nevertheless believes that they provide an indication of the property's potential and are relevant for any future exploration program.
Grab samples were collected with the use of a rock hammer where possible and sample selection location was determined by the localization of historic sampling done on the property. All values over 0.4% TREO were visited and resampled. All lithogeochemical assay results of grab samples were provided by SGS Canada Inc, Minerals Services an ISO/IEC 17025, in Burnaby, British Columbia. Additional elements with over-limit detection were sent for more analysis in SGS Canada, Mineral Services an ASTM C204-84 certified laboratory, in Lakefield, Ontario. Analytical results are subject to industry-standard and National Instrument 43-101 compliant quality assurance/quality control (QA/QC) sample procedures internally at the laboratory, as described by SGS Canada.
The technical content of this press release has been reviewed and approved by André Jean, P.Eng., the Corporation's Director of Exploration and a qualified person under National Instrument 43-101.
About TomaGold
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. TomaGold holds interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake, as well as a 24.5% interest through a joint venture with Evolution Mining Ltd. and New Gold Inc. in the Baird property, located near the Red Lake mining camp in Ontario. In addition, it owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec.
Contact:
David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation's control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/56af7667-8a0e-4cbd-a1d2-aa7041307cca
https://www.globenewswire.com/NewsRoom/AttachmentNg/17b14948-ee3c-4f08-9ac3-93f98318e60f 
News Provided by GlobeNewswire via QuoteMedia
Overview
Quebec and Ontario are more than Canada’s most populous provinces. These provinces are also hosts to some of the country’s most prolific mining jurisdictions, combining the perfect storm of stability, government support in mining and high-grade mineralization discovery potential. Jumping onto investment opportunities in these provinces can present investors with a head start on the next new commodity cycle. With a forecasted call for a 30 percent return increase on commodities like copper and gold in 2021, investment interest in Canada’s biggest provinces is very much warranted.
TomaGold (TSXV:LOT,OTCQB:TOGOF) is a well-funded mineral exploration company focused on acquiring and developing highly prospective gold mineral properties. The company combines an excellent asset profile with impressive strategic partnerships and trading volume.
The company currently has five gold projects under development near the Chibougamau mining camp in Northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. These assets leverage great infrastructure and resource networks within Northern Quebec’s safe mining-friendly jurisdictions.
TomaGold’s expertly chosen projects have fast-track potential, with many groundwork milestones already achieved. Ongoing GIS data collection and 3D modeling have helped determine overarching geochemical properties and recalibrate future drilling campaigns.
In January 2021, the company reported positive preliminary results from its 2,500-meter drilling program at its wholly owned flagship Obalski gold project. Discoveries of massive sulfides and pyrrhotite, pyrite and chalcopyrite passages point to potential high-grade silver, gold and copper discoveries.
Commencing drill campaigns for this property could present similar copper-gold mining success as seen in the project’s past-producing history and neighboring development projects. The Obalski is strategically positioned near the highly prospective Philibert deposit and the Nelligan gold project currently operated by IAMGOLD (TSX:IMG) and Vanstar Mining Resources (TSXV:VSR).
TomaGold has a joint venture with Evolution Mining (ASX:EVN) and New Gold (TSX:NGD) that gives the company 24.5 percent interest in the resource-rich Baird property near the Red Lake mining camp in Ontario. Exploration work on the property from the 1980s returned assay values of 172 g/t gold over 1.2 meters and 19 g/t gold over 1.8 meters. TomaGold believes that additional high-grade gold discoveries merit further drilling campaigns set for early February 2021.
TomaGold is very well positioned for growth and project advancement as a junior mining company. It currently has over C$8 million in liquidity and cash for intended project funding and operates with a tight and deeply connected shareholder structure. Major shareholders include IAMGOLD, closely tied family offices, family members and management.
TomaGold’s management team comprises world-class experts in capital markets, geology and mineral exploration. The company’s solid technical team primes it for significant mining success and economic prosperity.
Company Highlights
- TomaGold is a Canadian company focused on acquiring, exploring and developing highly prospective gold mineral properties. The company currently has interests in five gold properties close to the resource-rich Chibougamau mining camp in Northern Quebec.
- The company’s valuable project profile includes Lac Doda, Monster Lake East, Monster Lake West and Hazeur, as well as its flagship Obalski project.
- TomaGold also has a joint venture and 24.5 percent ownership in the Baird property with Evolution Mining and New Gold. The property is located in the prolific Red Lake gold belt 14 kilometers southwest of the Goldcorp Red Lake mine.
- The company is well-funded, with over C$8 million in cash and short-term investments. Funds are intended for project advancement and development.
- TomaGold has strong management and stakeholder foundations. The company has a tight-knit shareholder portfolio with significant shareholders, including family offices, family members and the mining heavyweight IAMGOLD.
- TomaGold acquired a 100 percent interest in 38 claims from Noranda Royalties and 69 map-designated claims covering a total area of 5,487.52 ha.
Key Projects
Obalski Project
TomaGold’s wholly owned Obalski property hosts seven separated mineralized zones, one mining concession and one 85 meter shaft adjacent to two ramps. The property had seen limited exploration since the late 1980s when it was a considerable copper-gold producer. Covering approximately 345 hectares south of Chibougamau, Quebec, the project leverages strong government support, access roadways and rich resource networks close to major populous areas.
In 1964, United Obalski Mining mined 90,093 tonnes grading 3.0 g/t gold, 6.2 g/t silver and 1.53 percent copper. Since then, extensive drilling campaigns have resulted in 230 new open targets on the property for a total of more than 60,000 meters, most of which involves shallow drilling. A 2017 drill campaign later presented grades of 15.0 g/t gold, 46.8 g/t silver and 10.4 percent copper over 2 meters.
The property hosts widespread gold-copper mineralization with sulfide-rich quartz-carbonate veins and pyritized shear zones. This favorable geological profile primes the project for advanced development, including the continuation of a 2,500 drilling program to better define Obalski’s main PO zone.
Lac Doda Project
The highly prospective Lac Doda project operates in the resource-rich Chibougamau mining camp in Northern Quebec. The property consists of eight mineral claims over an area of 4,478 hectares. Located approximately 20 kilometers southwest of the Monster Lake property, the Lac Doda property leverages many of the same existing infrastructure and geographical advantages.
TomaGold owns 100 percent interest in the project. In July 2020, the company announced an option agreement to sell up to 80 percent interest in the Lac Doda property to Goliath Resources (TSXV:GOT). This agreement presents an exciting stage in the project’s growth.
Monster Lake East and Monster Lake West Properties
TomaGold strategically positions both projects to leverage the valuable mineralization of the Monster Lake property. Monster West consists of 21 mineral claims covering an area of 1,172.51 hectares and Monster East consists of 69 mineral claims covering an area of 4,269 hectares. The company owns 100 percent interest in both properties.
Monster Lake East is separated into three main sectors: Cookie Monster, Little Monster and Monster Island. A July 2018 IP survey revealed a large copper geochemical anomaly with a striking distance of several kilometers. Surveying also identified gold assay results just below 1 g/t gold and 14 potential high-priority gold and copper targets at depths of 100 to 350 meters.
Future plans include detailed airborne and ground geophysical surveying data compilation. TomaGold intends on using this analysis for drill recommendations and target generation for both properties.
Hazeur Project
The Hazeur project consists of 61 mineral claims and covers 2,863 hectares along the southern border of the Monster Lake property. TomaGold currently has 70 percent interest in the property and is strategically positioned as the project operator. The project covers the Joe Mann-Guercheville corridor with numerous gold occurrences along the property’s deformation zone.
Regional mineral grades include 0.24 g/t gold over 80.4 meters and 0.30 g/t gold over 70.0 meters. The company hopes to mimic some of its best drilling results of 24.55 g/t gold over 0.50 meters and 7.66 g/t gold over 1.25 meters in future development campaigns.
Since 2015, Hazeur has seen successful high-definition magnetic VTEM-type airborne surveying over the property and advanced drilling. This exploration reported significant gold intersections across seven drill holes. TomaGold intends to continue exciting exploration and property assessment of this valuable project into 2021.
Baird Property
TomaGold is currently in a joint venture with Evolution Mining and New Gold for the Baird property. The company holds a 24.5 percent interest in Baird, with Evolution owning a majority 51 percent as the project operator.
The Baird property lies in the prolific Red Lake gold belt 6 kilometers north of the Madsen Mine and 14 kilometers southwest of the Red Lake mine. The asset’s geological profile includes volcanic rock coverage and the famous structural and alteration system characteristics of Red Lake and Campbell mines. This profile could explain the impressive assay values of 172 g/t gold over 1.2 meters and 19 g/t gold over 1.8 meters reported from early drilling programs.
TomaGold plans to continue property assessment and development work for early 2021.
Management Team
David Grondin — President & CEO
David Grondin has worked in the financial and mining sectors for over 20 years. He has been the president and CEO of TomaGold since December 2011 and is a director of AM Resources. He was also president and CEO of NQ Exploration Inc. and has acted as a financial analyst for CTI Capital Inc. Grondin has a bachelor degree in business administration (finance) from HEC Montréal and experience in initial public offerings, mergers and acquisitions and reverse takeovers.
Martin Nicoletti, CPA, CGA — CFO
Martin Nicoletti is a certified general accountant with more than 22 years of experience. He has been involved in global exploration activities with public junior mining companies since 2004. His duties include financial controls and financial reporting. He presently acts as CFO for several public companies.
André Jean, P.Eng — Director of Exploration, Quebec
André Jean was the chief engineer geologist for the Monster Lake project from its commencement until his departure in 2018. He has over 35 years of geology experience, having worked for multiple mining companies located in Quebec, Central and South America and Africa, including Les Mines Seleine, Louvem, Lac Minerals and Osisko. Jean graduated from Université du Québec à Chicoutimi in 1979 with a degree in geological engineering.
Caitlin Jeffs, P.Geo — Director of Exploration, Ontario & Rest of Canada
Caitlin Jeffs received her Honors B.Sc. in Geology from the University of British Columbia in 2002. Caitlin has worked for several junior and major companies since 2002 in both gold and base metal exploration. Most of her experience has been with Placer Dome CLA Inc. and Goldcorp Inc. managing all aspects of in-depth exploration projects and specializing in GIS technology and 3D modeling of ore bodies. She is a founding partner and 33 percent owner of Fladgate Exploration Consulting Corporation of Thunder Bay, ON, a full-service mineral exploration consulting firm.
Quebec and Ontario are more than Canada’s most populous provinces. These provinces are also hosts to some of the country’s most prolific mining jurisdictions, combining the perfect storm of stability, government support in mining and high-grade mineralization discovery potential. Jumping onto investment opportunities in these provinces can present investors with a head start on the next new commodity cycle. With a forecasted call for a 30 percent return increase on commodities like copper and gold in 2021, investment interest in Canada’s biggest provinces is very much warranted.
TomaGold (TSXV:LOT,OTCQB:TOGOF) is a well-funded mineral exploration company focused on acquiring and developing highly prospective gold mineral properties. The company combines an excellent asset profile with impressive strategic partnerships and trading volume.
The company currently has five gold projects under development near the Chibougamau mining camp in Northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. These assets leverage great infrastructure and resource networks within Northern Quebec’s safe mining-friendly jurisdictions.
TomaGold’s expertly chosen projects have fast-track potential, with many groundwork milestones already achieved. Ongoing GIS data collection and 3D modeling have helped determine overarching geochemical properties and recalibrate future drilling campaigns.
In January 2021, the company reported positive preliminary results from its 2,500-meter drilling program at its wholly owned flagship Obalski gold project. Discoveries of massive sulfides and pyrrhotite, pyrite and chalcopyrite passages point to potential high-grade silver, gold and copper discoveries.
Commencing drill campaigns for this property could present similar copper-gold mining success as seen in the project’s past-producing history and neighboring development projects. The Obalski is strategically positioned near the highly prospective Philibert deposit and the Nelligan gold project currently operated by IAMGOLD (TSX:IMG) and Vanstar Mining Resources (TSXV:VSR).
TomaGold has a joint venture with Evolution Mining (ASX:EVN) and New Gold (TSX:NGD) that gives the company 24.5 percent interest in the resource-rich Baird property near the Red Lake mining camp in Ontario. Exploration work on the property from the 1980s returned assay values of 172 g/t gold over 1.2 meters and 19 g/t gold over 1.8 meters. TomaGold believes that additional high-grade gold discoveries merit further drilling campaigns set for early February 2021.
TomaGold is very well positioned for growth and project advancement as a junior mining company. It currently has over C$8 million in liquidity and cash for intended project funding and operates with a tight and deeply connected shareholder structure. Major shareholders include IAMGOLD, closely tied family offices, family members and management.
TomaGold’s management team comprises world-class experts in capital markets, geology and mineral exploration. The company’s solid technical team primes it for significant mining success and economic prosperity.
TomaGold’s wholly owned Obalski property hosts seven separated mineralized zones, one mining concession and one 85 meter shaft adjacent to two ramps. The property had seen limited exploration since the late 1980s when it was a considerable copper-gold producer. Covering approximately 345 hectares south of Chibougamau, Quebec, the project leverages strong government support, access roadways and rich resource networks close to major populous areas.
In 1964, United Obalski Mining mined 90,093 tonnes grading 3.0 g/t gold, 6.2 g/t silver and 1.53 percent copper. Since then, extensive drilling campaigns have resulted in 230 new open targets on the property for a total of more than 60,000 meters, most of which involves shallow drilling. A 2017 drill campaign later presented grades of 15.0 g/t gold, 46.8 g/t silver and 10.4 percent copper over 2 meters.
The property hosts widespread gold-copper mineralization with sulfide-rich quartz-carbonate veins and pyritized shear zones. This favorable geological profile primes the project for advanced development, including the continuation of a 2,500 drilling program to better define Obalski’s main PO zone.
The highly prospective Lac Doda project operates in the resource-rich Chibougamau mining camp in Northern Quebec. The property consists of eight mineral claims over an area of 4,478 hectares. Located approximately 20 kilometers southwest of the Monster Lake property, the Lac Doda property leverages many of the same existing infrastructure and geographical advantages.
TomaGold owns 100 percent interest in the project. In July 2020, the company announced an option agreement to sell up to 80 percent interest in the Lac Doda property to Goliath Resources (TSXV:GOT). This agreement presents an exciting stage in the project’s growth.
TomaGold strategically positions both projects to leverage the valuable mineralization of the Monster Lake property. Monster West consists of 21 mineral claims covering an area of 1,172.51 hectares and Monster East consists of 69 mineral claims covering an area of 4,269 hectares. The company owns 100 percent interest in both properties.
Monster Lake East is separated into three main sectors: Cookie Monster, Little Monster and Monster Island. A July 2018 IP survey revealed a large copper geochemical anomaly with a striking distance of several kilometers. Surveying also identified gold assay results just below 1 g/t gold and 14 potential high-priority gold and copper targets at depths of 100 to 350 meters.
Future plans include detailed airborne and ground geophysical surveying data compilation. TomaGold intends on using this analysis for drill recommendations and target generation for both properties.
The Hazeur project consists of 61 mineral claims and covers 2,863 hectares along the southern border of the Monster Lake property. TomaGold currently has 70 percent interest in the property and is strategically positioned as the project operator. The project covers the Joe Mann-Guercheville corridor with numerous gold occurrences along the property’s deformation zone.
Regional mineral grades include 0.24 g/t gold over 80.4 meters and 0.30 g/t gold over 70.0 meters. The company hopes to mimic some of its best drilling results of 24.55 g/t gold over 0.50 meters and 7.66 g/t gold over 1.25 meters in future development campaigns.
Since 2015, Hazeur has seen successful high-definition magnetic VTEM-type airborne surveying over the property and advanced drilling. This exploration reported significant gold intersections across seven drill holes. TomaGold intends to continue exciting exploration and property assessment of this valuable project into 2021.
TomaGold is currently in a joint venture with Evolution Mining and New Gold for the Baird property. The company holds a 24.5 percent interest in Baird, with Evolution owning a majority 51 percent as the project operator.
The Baird property lies in the prolific Red Lake gold belt 6 kilometers north of the Madsen Mine and 14 kilometers southwest of the Red Lake mine. The asset’s geological profile includes volcanic rock coverage and the famous structural and alteration system characteristics of Red Lake and Campbell mines. This profile could explain the impressive assay values of 172 g/t gold over 1.2 meters and 19 g/t gold over 1.8 meters reported from early drilling programs.
TomaGold plans to continue property assessment and development work for early 2021.
David Grondin has worked in the financial and mining sectors for over 20 years. He has been the president and CEO of TomaGold since December 2011 and is a director of AM Resources. He was also president and CEO of NQ Exploration Inc. and has acted as a financial analyst for CTI Capital Inc. Grondin has a bachelor degree in business administration (finance) from HEC Montréal and experience in initial public offerings, mergers and acquisitions and reverse takeovers.
Martin Nicoletti is a certified general accountant with more than 22 years of experience. He has been involved in global exploration activities with public junior mining companies since 2004. His duties include financial controls and financial reporting. He presently acts as CFO for several public companies.
André Jean was the chief engineer geologist for the Monster Lake project from its commencement until his departure in 2018. He has over 35 years of geology experience, having worked for multiple mining companies located in Quebec, Central and South America and Africa, including Les Mines Seleine, Louvem, Lac Minerals and Osisko. Jean graduated from Université du Québec à Chicoutimi in 1979 with a degree in geological engineering.
Caitlin Jeffs received her Honors B.Sc. in Geology from the University of British Columbia in 2002. Caitlin has worked for several junior and major companies since 2002 in both gold and base metal exploration. Most of her experience has been with Placer Dome CLA Inc. and Goldcorp Inc. managing all aspects of in-depth exploration projects and specializing in GIS technology and 3D modeling of ore bodies. She is a founding partner and 33 percent owner of Fladgate Exploration Consulting Corporation of Thunder Bay, ON, a full-service mineral exploration consulting firm.
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to announce that it has closed a first tranche of $974,125 (the " First Tranche ") of a non-brokered private placement of up to $2,000,000 (the " Private Placement "). The Private Placement comprises (i) common shares in the capital of the Corporation issued on a "flow-through" basis at a price of $0.055 (each, a " FT Share "), and (ii) units of the Corporation at a price of $0.05 (each, a " Unit "). Under the First Tranche, the Corporation issued 15,420,455 FT Shares for gross proceeds of $848,125 and 2,520,000 Units for gross proceeds of $126,000 .
Each Unit is comprised of one common share and one-half of one common share purchase warrant (each whole, a " Warrant "). Each whole Warrant entitles the holder thereof to purchase one common share of the Corporation at a price of $0.075 for a period of 24 months from its issuance.
In connection with the First Tranche, the Corporation paid cash finder's fees of $56,000 and issued 1,018,181 finder's warrants (each, a " Finder's Warrant ") to an eligible finder. Each Finder's Warrant entitles the holder thereof to purchase one common share of the Corporation at a price of $0.075 for a period of 24 months from its issuance. No insiders participated in the First Tranche.
All securities issued in connection with the Private Placement are subject to a statutory hold period of 4 months and a day from the closing of each tranche of the Private Placement in accordance with applicable securities laws. The Corporation will use the proceeds of the Private Placement for general exploration and working capital, and the proceeds raised from the sale of the FT Shares will be used for eligible flow-through expenditures. The Private Placement is subject to the final approval of the TSX Venture Exchange (the " TSXV ").
Grant of Options
The Corporation also announces that it has granted an aggregate of 900,000 stock options under its stock option plan to certain consultants of the Corporation, entitling them to acquire the same number of common shares of the Corporation at a price of $0.05 for a period of five years.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, lithium and rare earth element projects. TomaGold holds interests in five gold properties near the Chibougamau mining camp in northern Quebec : Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake , as well as a 24.5% interest through a joint venture with Evolution Mining Ltd. and New Gold Inc. in the Baird property, located near the Red Lake mining camp in Ontario . In addition, it owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec .
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation's control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.
SOURCE TomaGold Corporation
View original content: http://www.newswire.ca/en/releases/archive/December2022/06/c3694.html
News Provided by Canada Newswire via QuoteMedia
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to announce the acquisition of 96 map-designated claims covering an area of 4,962.6 ha (or 50 km²), located 120 km southeast of Radisson and approximately 15 km south of the recently acquired claims in James Bay. The property will be known as Star Lake and has been the subject of geophysical surveys that have identified six rare earth element showings.
"The last two claim acquisitions allow TomaGold to diversify its assets in the critical metals sector at low cost," said David Grondin, President and CEO of TomaGold. "The lithium and rare earth element markets are growing rapidly due to the scarcity of these metals and the acquisition of these properties represents opportunities that could not be passed up. This will only strengthen our portfolio of eight properties, including our flagship Obalski project, with results pending from the latest drill program."
The Corporation has completed a recompilation of the available data and has updated the set of surface samples that were discovered in 2008. The Corporation is excited to present some of the best results that will be the subject of future exploration work.
Table 1: Best results from the main rare earth element showings¹
(Source: MERN SIGEOM site, 2008)
¹ The results contained in the table are historical. A TomaGold qualified person has not performed sufficient work to validate these results as defined by NI 43-101. Although the historical results may not be reliable, the Corporation nevertheless believes that they provide an indication of the property's potential and are relevant for any future exploration program.
Mr. Grondin added, "When we look at the table numbers, it is the NdPr/TREE ratios that catch our attention the most, as they are above 0.24. For reference purposes, a ratio greater than 0.20 is considered good, while a ratio greater than 0.24 is considered excellent by rare earth element producers. The Star Lake property appears to have interesting exploration potential and remains highly underexplored. We will soon begin a prospecting program, which will allow us to validate the historical results and better understand the geological potential of the property."
As part of the sampling work done in 2008, a total of 14 samples returned zirconium (Zr) values that met the maximum detection limit of 500 ppm and were not further tested to determine the true values. The Corporation will also perform additional work to properly evaluate those previous results.
The technical content of this press release has been reviewed and approved by André Jean, P.Eng., the Corporation's Director of Exploration and a qualified person under National Instrument 43-101.
About TomaGold
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, lithium and rare earth element projects. TomaGold holds interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake, as well as a 24.5% interest through a joint venture with Evolution Mining Ltd. and New Gold Inc. in the Baird property, located near the Red Lake mining camp in Ontario. In addition, it owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec.
Contact:
David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation's control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e9f64c6-ee76-45f7-bd07-ebee2f2bf34e
News Provided by GlobeNewswire via QuoteMedia
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to announce the acquisition of a 100% interest in 38 claims from Noranda Royalties and the acquisition of 69 map-designated claims covering a total area of 5,487.52 ha (or 55 km 2 ). These claims are located near Zones 1, 2, 3 and 6 of the James Bay Lithium Brisk project optioned by Monger Gold and along and south of the Trans-Taiga regional road and power line infrastructure, approximately 5 km from the LG-3 airport. These claims are also located on the same geological corridor as the Cancet (5.6% Li2O over 36.5 m) and Corvette (1.65% Li2O over 159.7 m) projects, held by Winsome Resources and Patriot Battery Metals respectively, further east.
The project was identified for its prospective nature of lithium mineralization in pegmatite dykes during the compilation of geological data by Noranda Royalties. The project hosts several known pegmatite dyke outcrops. Historically, there has been no lithium exploration activity on the project, with the exception of a historical spodumene-bearing pegmatite showing that was identified by the Quebec Ministry of Energy and Natural Resources on June 17, 2015. In addition to the acquisition of the project from Noranda Royalties, the Corporation has also increased the size of its lithium property with the addition of map-designated claims, allowing it to be even better positioned in an area where exploration activity has been sustained for several months. The Corporation will soon begin a sampling and prospecting program on its entire property.
The acquisition terms for the Noranda Royalties claims are the following:
The transaction with Noranda Royalties is subject to regulatory approval.
EXPLORATION WORK ON THE OBALSKI PROPERTY, CHIBOUGAMAU
The 2,947-metre drilling program on Obalski has been completed and all samples have been sent to the ALS Global laboratory for analysis. A total of six holes were drilled in the new zone to the south that was identified by the 3D induced polarization (IP) survey conducted this winter. The Corporation will soon carry out new IP geophysical surveys in these last six holes and in old holes deemed relevant in the same area.
The technical content of this press release has been reviewed and approved by André Jean, P.Eng., the Corporation's Director of Exploration and a qualified person under National Instrument 43-101.
About TomaGold
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, lithium and rare earth element projects. TomaGold holds interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake, as well as a 24.5% interest through a joint venture with Evolution Mining Ltd. and New Gold Inc. in the Baird property, located near the Red Lake mining camp in Ontario. In addition, it has a 100% interest in a lithium property in the James Bay region of Quebec.
Contact:
David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation's control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ee4d96ae-9ccf-4dd1-8b07-054bb2832758
News Provided by GlobeNewswire via QuoteMedia
Company starts 3,000-metre drilling program to test the new anomalies
CEO Interview today at 9:00 AM ET: Update on Obalski
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to announce that it has received the report on the DAS Vision3D induced polarization (IP) survey carried out on the southern portion of its 100%-owned Obalski property, located 2 km south of Chibougamau, in Quebec.
The survey, conducted by Abitibi Geophysics of Val-d'Or, revealed the presence of at least six strong chargeability and/or resistivity anomalies south of the APo zone, which extend downward from peaks located at a vertical depth of 100 to 150 m and remain open at an average depth of 325 m. A number of less strong anomalies were also found.
As a result, TomaGold has initiated a 3,000-metre drilling program on the main anomalies located by the IP survey to assess their nature and the type of mineralization encountered. It should be noted that the southern portion of the property has seen only very limited shallow drilling to date, to a maximum vertical depth of 200 m. The Corporation expects to complete the current drilling program within the next couple of weeks.
Chargeability plan views at approximate vertical depths of 105 m, 205 m and 305 m
"This is a major find for us, as it warrants drilling in untested areas that show even stronger exploration potential than what we have seen in previous work," said David Grondin, President and CEO of TomaGold. "We have just started drilling the newly-discovered anomalies and we're eager to see where this next phase of exploration will take Obalski."
Recommended 3,000-metre drilling program
Holes OBA-01A and OBA-01B
Hole OBA-02
Hole OBA-03
Hole OBA-04
Hole OBA-05
Hole OBA-06
Hole OBA-07
The technical content of this press release has been reviewed and approved by André Jean, P.Eng., the Corporation's Director of Exploration and a qualified person under National Instrument 43-101.
About the Obalski property
The Obalski property covers 345 hectares about 2 km south of Chibougamau, Quebec. Discovered in 1928, the Obalski deposit produced 100,273 tonnes at grades of 1.14% Cu, 2.08 g/t Au and 6.04 g/t Ag from the A zone between 1964 and 1972, and around 9,000 tonnes at a reported grade of 8.5 g/t Au from the D zone in 1984 (Source: SIGEOM and Camchib Exploration internal reports).
About TomaGold
TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. TomaGold has interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. It also participates in a joint venture with Evolution Mining Ltd. and New Gold Inc., through which it holds a 24.5% interest in the Baird property, near the Red Lake mining camp in Ontario.
Contact:
David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation's control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/97ac70d0-3c40-46c7-bf07-2106aef9beec
https://www.globenewswire.com/NewsRoom/AttachmentNg/f571f3d5-d257-4e9d-85b7-03269d02993b
https://www.globenewswire.com/NewsRoom/AttachmentNg/f7e475f6-369c-4d15-bb8c-d09dd68f0469
https://www.globenewswire.com/NewsRoom/AttachmentNg/1e2d3385-a74e-443a-807d-981a44bc251e
https://www.globenewswire.com/NewsRoom/AttachmentNg/8aa3b70f-9687-433f-96eb-3ba3450ef3b1
https://www.globenewswire.com/NewsRoom/AttachmentNg/ecf7ee7e-f481-4211-8e4f-8fbe743f2eab
https://www.globenewswire.com/NewsRoom/AttachmentNg/fc6aa2ac-bbbc-4d81-b100-df12abe3e474
https://www.globenewswire.com/NewsRoom/AttachmentNg/db17088c-0af2-4196-9207-33a3f566c890
News Provided by GlobeNewswire via QuoteMedia
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to report the results of its annual general and special meeting of shareholders, which was held today on a hybrid basis. All the nominees listed in the Corporation's management proxy circular dated May 30, 2022, were re-elected as directors.
Shareholders holding 53,106,180 shares, or 33.04% of TomaGold's issued and outstanding shares were present or represented by proxy at the meeting.
Detailed results of the vote for the election of directors are set out below:
At the meeting, the shareholders also approved resolutions regarding:
About TomaGold
TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. TomaGold has interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. It also participates in a joint venture with Evolution Mining Ltd. and New Gold Inc., through which it holds a 24.5% interest in the Baird property, near the Red Lake mining camp in Ontario.
Contact:
David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation's control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.
News Provided by GlobeNewswire via QuoteMedia
TSX VENTURE COMPANIES
CHINA EDUCATION RESOURCES INC. ("CHN.H")
[Formerly China Education Resources Inc. ("CHN")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on Thursday , January 26, 2023 , the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Vancouver to NEX.
As of January 26, 2023 , the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from CHN to CHN.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
Further to the Exchange bulletins issued July 11, 2022 , and September 8, 2022 trading in the shares of the Company will remain suspended.
Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
____________________________________________
Fabled Silver Gold Corp. ("FCO ")
BULLETIN TYPE: Consolidation
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by the Directors on January 11, 2023 , the Company has consolidated its capital on a (5) old for (1) new basis. The name of the Company has not been changed.
Effective at the opening Thursday, January 26, 2023 , the shares of will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Mining' company.
Post – Consolidation
Capitalization: Unlimited shares with no par value of which
43,089,330 shares are issued and outstanding
Escrow Nil shares are subject to escrow
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: FCO ( UNCHANGED )
CUSIP Number: 30317M403 ( NEW )
________________________________________
STAMPER OIL & GAS CORP. ("STMP")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
Effective at the opening on Thursday, January 26, 2023 , the shares of the Company will resume trading.
Further to the news release dated January 17, 2023 , the Company has completed its previously announced Fundamental Acquisition, as defined under TSX Venture Exchange Corporate Finance Manual Policy 5.3.
________________________________________
VIRGINIA ENERGY RESOURCES INC. ("VUI ")
BULLETIN TYPE: Plan of Arrangement, Delist
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with the arrangement between Virginia Energy Resources Inc. (the "Company") and Consolidated Uranium Inc. ("CUR"), pursuant to the terms of an arrangement agreement dated November 14, 2022 , and a court-approved plan of arrangement under section 288 of the Business Corporations Act ( British Columbia ) (the "Arrangement").
Pursuant to the terms of the Arrangement, all of the issued and outstanding common shares of the Company (each, a "Company Share"), other than Company Shares already held by CUR, were exchanged on the basis of 0.26 (the "Exchange Ratio") of a common share of CUR (each whole common share, a "CUR Share") for each Company Share (the "Consideration"). Holders of outstanding stock options to purchase Company Shares (each, a "Company Option") have received replacement options to acquire CUR Shares adjusted based on the Exchange Ratio and holders of outstanding restricted share units of the Company (the "Company RSUs") had their Company RSUs vest and settled for Company Shares and then exchanged for the Consideration.
The Exchange has been advised that approval of the Arrangement by shareholders of the Company was received at a special meeting of shareholders held on January 19, 2023 , and that the Supreme Court of British Columbia provided its final order approving the plan of arrangement on January 23, 2023 . The Exchange has been advised that the Arrangement closed on January 24, 2023 . The full particulars of the Arrangement are set forth in the Company's Information Circular dated December 15, 2022 , which is available under the Company's profile on SEDAR.
Delist:
Further to the completion of the Arrangement effective at the close of business Wednesday, January 25, 2023 , the common shares of the Company will be delisted from TSX Venture Exchange at the request of the Company.
________________________________________
23/01/24 – TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
AFRICAN ENERGY METALS INC. ("CUCO ")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
Effective at 6:30 a.m. PST, Jan. 24, 2023 , shares of the Company resumed trading, an announcement having been made.
________________________________________
CVW CLEANTECH INC. ("CVW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on September 6, 2022 and further amended on September 20, 2022 :
Number of Units: 1,166,664 units ("Units"). Each Unit will consist of one common share of the Company and one common share purchase warrant
Purchase Price: $1.20 per Unit
Warrants: 1,166,664 share purchase warrants to purchase 1,166,664 shares
Warrant Exercise Price: $1.80 for a four-year period from the date of issuance
Number of Placees: 40 placees
Insider / Pro Group Participation:
Placees
# of Placee (s)
Aggregate # of Units
Aggregate Existing Insider Involvement:
1
208,334
Aggregate Cash
Amount
Aggregate #
of Shares
Aggregate #
of Warrants
Finder's Fee:
N/A
N/A
N/A
The Company issued a news release on October 11, 2022 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
________________________________________
KLONDIKE SILVER CORP. ("KS ")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 400,000 bonus shares at a deemed price of $0.05 per share to 6 Arm's Length Parties, in consideration of loans in the total amount of $100 ,000 for a term of one year, and bear interest at a rate of 10% per annum.
Please refer to the Company's news release on January 23, 2023 for more details.
________________________________________
NEXOPTIC TECHNOLOGY CORP. ("NXO")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing of the Company's proposal to issue 1,589,846 shares to three arm's length parties at a deemed price of CAD $0.065 per unit to settle the outstanding debt of CAD $103,340 and issue 5,132,626 shares to a non-arm's length party to settle outstanding debt for $ 333,620.70 .
Number of Creditors: 4 Creditors
Non-Arm's Length Party / Pro Group Participation:
Creditors # of Creditors Amount Owing Deemed Price Aggregate #
per Share of Shares
Aggregate Non-Arm's
Length Party
Involvement: 1 $333,620.7 $0 .065 5,132,626
Aggregate Pro Group
Involvement: N/A N/A N/A N/A
For more details, please refer to the Company's news releases dated November 07, 2022 .
________________________________________
NOWVERTICAL GROUP INC. ("NOW") ("NOW.WT") ("NOW.WT.A")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing documentation pertaining to a share purchase agreement (the "Agreement"), between NowVertical Group Inc. (the "Company") and arm's length vendors, pursuant to which the Company will acquire 100% of Acrotrend Solutions. Under the terms of the Agreement, the Company will acquire Acrotrend Solutions in exchange for (i) a closing cash payment of US$4.1 million , (ii) issuance of 750,000 subordinate voting shares at a deemed price of $1.00 USD per share, and (iii) the earn-out consideration paid over three fiscal years based on certain adjusted EBITDA, a portion of which may be payable in subordinate voting shares in the capital of the Company, subject to a maximum of 5,000,000 subordinate voting shares.
Property-Asset or Share Purchase Agreement
The Exchange has also accepted for filing documentation pertaining to a share purchase agreement between the Company and arm's length vendors, pursuant to which the Company will acquire 100% of Smartlytics Consultancy in exchange for (i) a closing cash payment of US$1 million , (ii) issuance of 600,000 subordinate voting shares, and (iii) the earn-out consideration paid over three fiscal years based on certain adjusted EBITDA, a portion of which may be payable in subordinate voting shares in the capital of the Company, subject to a maximum of 926,413 subordinate voting shares.
For more information, refer to the Company's news releases dated December 12, 2022 and January 12, 2023 .
_____________________________________
PATAGONIA GOLD CORP. ("PGDC")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,495,049 common shares to settle outstanding debt for USD$50,408 (approximately CDN$67,425.74 ).
Number of Creditors: 2 Creditors
Non-Arm's Length Party / Pro Group Participation:
Creditors
# of
Creditors
Amount Owing
Deemed Price
per Share
Aggregate # of
Shares
Aggregate Non-Arm's
Length Party Involvement:
2
CDN$67,425.74
CDN$0.015
4,495,049
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
POND TECHNOLOGIES HOLDINGS INC. ("POND")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,086,428 common shares to settle outstanding debt for $108,642.83 .
Number of Creditors: 1 Creditor
Non-Arm's Length Party / Pro Group Participation:
Creditors
# of
Creditors
Amount Owing
Deemed Price
per Share
Aggregate # of
Shares
Aggregate Non-Arm's
Length Party Involvement:
1
$108,642.83
$0.10
1,086,428
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
POOL SAFE INC. ("POOL")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 750,000 common shares to settle outstanding debt for $22,500 .
Number of Creditors: 1 Creditor
Non-Arm's Length Party / Pro Group Participation:
Creditors
# of
Creditors
Amount Owing
Deemed Price
per Share
Aggregate # of
Shares
Aggregate Non-Arm's
Length Party Involvement:
1
$22,500
$0.03
750,000
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
STRATABOUND MINERALS CORP. ("SB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on December 14, 2022 :
Number of Shares: 33,100,000 units
Purchase Price: $0.05 per unit
Warrants: 33,100,000 share purchase warrants to purchase 33,100,000 shares
Warrant Exercise Price: $0.07 for a two year period
Number of Placees: 6 placees
Insider / Pro Group Participation:
Placees
# of Placee (s)
Aggregate # of Units
Aggregate Existing Insider Involvement:
3
30,400,000
Aggregate Pro Group Involvement:
N/A
N/A
Aggregate Cash
Amount
Aggregate #
of Shares
Aggregate #
of Warrants
Finder's Fee:
N/A
N/A
N/A
The Company issued a news release on January 24, 2023 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
________________________________________
TRIBE PROPERTY TECHNOLOGIES INC. ("TRBE ")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 24, 2023
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's length acquisition of a portfolio of certain strata property management assets from Warrington PCI Management (the "Vendor"), pursuant to an asset purchase agreement dated October 31, 2022 and an amending agreement dated December 28, 2022 , among Tribe Property Technologies Inc. (the "Company"), wholly-owned subsidiary of the Company and the general partners of the Vendor.
As consideration for the acquisition, the Company will satisfy the aggregate purchase price of CDN$375,000 as follows: (i) a cash payment of CDN$200,000 on the closing date to the Vendor; (ii) subject to certain milestones issue up to 62,500 common shares of the Company to the Vendor at a deemed floor price of CDN$1.20 per common share; and (iii) a cash payment of CDN$100,000 to be paid on February 5 , 2024.
For further details, please refer to the Company's news releases dated November 22, 2022 and January 9, 2023 .
________________________________________
VOYAGEUR PHARMACEUTICALS LTD. ("VM")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 125,322 common shares to settle outstanding debt for $12,500 .
Number of Creditors: 2 Creditors
Non-Arm's Length Party / Pro Group Participation:
Creditors
# of
Creditors
Amount Owing
Deemed Price
per Share
Aggregate # of
Shares
Aggregate Non-Arm's
Length Party Involvement:
2
$12,500
$0.09974
125,322
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
VOYAGEUR PHARMACEUTICALS LTD. ("VM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on December 8, 2022 , December 23, 2022 , January 12, 2023 and January 20, 2023 :
Number of Units: 17,142,133 units
Purchase Price: $0.07 per unit
Warrants: 17,142,133 share purchase warrants to purchase 17,142,133 shares
Warrant Exercise Price: $0.12 for a two year period
Number of Placees: 54 placees
Insider / Pro Group Participation:
Placees
# of Placee (s)
Aggregate # of Units
Aggregate Existing Insider Involvement:
N/A
N/A
Aggregate Pro Group Involvement:
1
300,000
Aggregate Cash
Amount
Aggregate #
of Shares
Aggregate #
of Warrants
Finder's Fee:
$16,648.80
N/A
277,840
Finder's Warrants Terms: Each Finder's Warrant entitles the holder to purchase one Common Share at the price of $0.07 for a period of 1 year from the date of issuance.
The Company issued a news release on January 20, 2023 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
________________________________________
WECOMMERCE HOLDINGS LTD. ("WE ")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 24, 2023
TSX Venture Tier 1 Company
Effective at 12:00 p.m. PST, Jan. 24, 2023 , shares of the Company resumed trading, an announcement having been made.
________________________________________
YORK HARBOUR METALS INC. ("YORK ")
BULLETIN TYPE: Halt
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
Effective at 6:06 a.m. PST, Jan. 24, 2023 , trading in the shares of the Company was halted pending news; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada , the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
________________________________________
YORK HARBOUR METALS INC. ("YORK ")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
Effective at 7:45 a.m. PST, Jan. 24, 2023 , shares of the Company resumed trading, an announcement having been made.
________________________________________
YORKTON EQUITY GROUP INC. ("YEG ")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 24, 2023
TSX Venture Tier 2 Company
Effective at 12:15 p.m. PST, Jan. 23, 2023 , shares of the Company resumed trading, an announcement having been made.
________________________________________
SOURCE TSX Venture Exchange
View original content: http://www.newswire.ca/en/releases/archive/January2023/24/c4960.html
News Provided by Canada Newswire via QuoteMedia
Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO), (OTCQB:FBSGF), and (FSE:7NQ) is pleased to announce that it has received TSX Venture Exchange ("TSXV") approval for the consolidation of the common shares (the "Common Shares") of the Company (the "Consolidation
As previously announced in its press releases dated December 20, 2022 and January 12, 2023 the shareholders of the Company approved a special resolution authorizing the Board of Directors of the Company (the "Board") to consolidate the Common Shares at the Board's discretion. The Board subsequently confirmed the Company's intention to proceed with the Consolidation on the basis of one (1) new post consolidated Common Share for every five (5) old pre consolidation Common Shares (the "Conversion Ratio").
There will be no name change in conjunction with the Consolidation. The post-Consolidation Common Shares will continue to trade on the TSXV under the symbol "FCO". The new ISIN number for the post-Consolidation Common Shares is CA30317M4039 and the new CUSIP number is 30317M403. There are currently 215,446,649 Common Shares issued and outstanding. Following the completion of the Consolidation, the number of Common Shares of the Company issued and outstanding will be approximately 43,089,330.
The Common Shares will begin trading on the TSXV on a post-Consolidation basis effective at the open of trading on January 26, 2023 (the "Effective Date"). No fractional shares will be issued in connection with the Consolidation. The post-Consolidation Common Shares will be rounded either up or down to the nearest whole number of Common Shares. The exercise price and number of Common Shares issuable pursuant to the exercise of any outstanding convertible securities, including incentive stock options and warrants, will also be adjusted in accordance with the Consolidation Ratio.
The Company will, as of the Effective Date, mail letters of transmittal to its registered shareholders so they may submit their old certificates in order to obtain new certificates on a post-Consolidation basis. Registered Shareholders should follow the instructions on the letter of transmittal in order to exchange their old pre-Consolidation share certificates for post-Consolidation share certificates. Shares held in uncertificated form by non-registered shareholders through brokerage accounts will be converted at the Conversion Ratio through each shareholder's brokerage accounts. Non-registered shareholders should consult their broker for further information.
About Fabled Silver Gold Corp.
Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico.
The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.
The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX:AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.
Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp.
Phone: (819) 316-0919
[email protected]
For further information please contact: [email protected]
Neither the TSX Venture Exchange nor its Regulations Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does accept responsibility for the adequacy or accuracy of this news release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
SOURCE: Fabled Silver Gold Corp
News Provided by ACCESSWIRE via QuoteMedia
Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO), (OTCQB:FBSGF), and (FSE:7NQ) is pleased to announce that it has received TSX Venture Exchange ("TSXV") approval for the consolidation of the common shares (the "Common Shares") of the Company (the "Consolidation
As previously announced in its press releases dated December 20, 2022 and January 12, 2023 the shareholders of the Company approved a special resolution authorizing the Board of Directors of the Company (the "Board") to consolidate the Common Shares at the Board's discretion. The Board subsequently confirmed the Company's intention to proceed with the Consolidation on the basis of one (1) new post consolidated Common Share for every five (5) old pre consolidation Common Shares (the "Conversion Ratio").
There will be no name change in conjunction with the Consolidation. The post-Consolidation Common Shares will continue to trade on the TSXV under the symbol "FCO". The new ISIN number for the post-Consolidation Common Shares is CA30317M4039 and the new CUSIP number is 30317M403. There are currently 215,446,649 Common Shares issued and outstanding. Following the completion of the Consolidation, the number of Common Shares of the Company issued and outstanding will be approximately 43,089,330.
The Common Shares will begin trading on the TSXV on a post-Consolidation basis effective at the open of trading on January 26, 2023 (the "Effective Date"). No fractional shares will be issued in connection with the Consolidation. The post-Consolidation Common Shares will be rounded either up or down to the nearest whole number of Common Shares. The exercise price and number of Common Shares issuable pursuant to the exercise of any outstanding convertible securities, including incentive stock options and warrants, will also be adjusted in accordance with the Consolidation Ratio.
The Company will, as of the Effective Date, mail letters of transmittal to its registered shareholders so they may submit their old certificates in order to obtain new certificates on a post-Consolidation basis. Registered Shareholders should follow the instructions on the letter of transmittal in order to exchange their old pre-Consolidation share certificates for post-Consolidation share certificates. Shares held in uncertificated form by non-registered shareholders through brokerage accounts will be converted at the Conversion Ratio through each shareholder's brokerage accounts. Non-registered shareholders should consult their broker for further information.
About Fabled Silver Gold Corp.
Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico.
The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.
The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX:AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.
Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp.
Phone: (819) 316-0919
[email protected]
For further information please contact: [email protected]
Neither the TSX Venture Exchange nor its Regulations Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does accept responsibility for the adequacy or accuracy of this news release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
SOURCE: Fabled Silver Gold Corp
News Provided by ACCESSWIRE via QuoteMedia
Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO), (OTCQB:FBSGF), and (FSE:7NQ) is pleased to announce that it has received TSX Venture Exchange ("TSXV") approval for the consolidation of the common shares (the "Common Shares") of the Company (the "Consolidation
As previously announced in its press releases dated December 20, 2022 and January 12, 2023 the shareholders of the Company approved a special resolution authorizing the Board of Directors of the Company (the "Board") to consolidate the Common Shares at the Board's discretion. The Board subsequently confirmed the Company's intention to proceed with the Consolidation on the basis of one (1) new post consolidated Common Share for every five (5) old pre consolidation Common Shares (the "Conversion Ratio").
There will be no name change in conjunction with the Consolidation. The post-Consolidation Common Shares will continue to trade on the TSXV under the symbol "FCO". The new ISIN number for the post-Consolidation Common Shares is CA30317M4039 and the new CUSIP number is 30317M403. There are currently 215,446,649 Common Shares issued and outstanding. Following the completion of the Consolidation, the number of Common Shares of the Company issued and outstanding will be approximately 43,089,330.
The Common Shares will begin trading on the TSXV on a post-Consolidation basis effective at the open of trading on January 26, 2023 (the "Effective Date"). No fractional shares will be issued in connection with the Consolidation. The post-Consolidation Common Shares will be rounded either up or down to the nearest whole number of Common Shares. The exercise price and number of Common Shares issuable pursuant to the exercise of any outstanding convertible securities, including incentive stock options and warrants, will also be adjusted in accordance with the Consolidation Ratio.
The Company will, as of the Effective Date, mail letters of transmittal to its registered shareholders so they may submit their old certificates in order to obtain new certificates on a post-Consolidation basis. Registered Shareholders should follow the instructions on the letter of transmittal in order to exchange their old pre-Consolidation share certificates for post-Consolidation share certificates. Shares held in uncertificated form by non-registered shareholders through brokerage accounts will be converted at the Conversion Ratio through each shareholder's brokerage accounts. Non-registered shareholders should consult their broker for further information.
About Fabled Silver Gold Corp.
Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico.
The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.
The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX:AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.
Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp.
Phone: (819) 316-0919
[email protected]
For further information please contact: [email protected]
Neither the TSX Venture Exchange nor its Regulations Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does accept responsibility for the adequacy or accuracy of this news release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
SOURCE: Fabled Silver Gold Corp
News Provided by ACCESSWIRE via QuoteMedia
Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO), (OTCQB:FBSGF), and (FSE:7NQ) is pleased to announce that it has received TSX Venture Exchange ("TSXV") approval for the consolidation of the common shares (the "Common Shares") of the Company (the "Consolidation
As previously announced in its press releases dated December 20, 2022 and January 12, 2023 the shareholders of the Company approved a special resolution authorizing the Board of Directors of the Company (the "Board") to consolidate the Common Shares at the Board's discretion. The Board subsequently confirmed the Company's intention to proceed with the Consolidation on the basis of one (1) new post consolidated Common Share for every five (5) old pre consolidation Common Shares (the "Conversion Ratio").
There will be no name change in conjunction with the Consolidation. The post-Consolidation Common Shares will continue to trade on the TSXV under the symbol "FCO". The new ISIN number for the post-Consolidation Common Shares is CA30317M4039 and the new CUSIP number is 30317M403. There are currently 215,446,649 Common Shares issued and outstanding. Following the completion of the Consolidation, the number of Common Shares of the Company issued and outstanding will be approximately 43,089,330.
The Common Shares will begin trading on the TSXV on a post-Consolidation basis effective at the open of trading on January 26, 2023 (the "Effective Date"). No fractional shares will be issued in connection with the Consolidation. The post-Consolidation Common Shares will be rounded either up or down to the nearest whole number of Common Shares. The exercise price and number of Common Shares issuable pursuant to the exercise of any outstanding convertible securities, including incentive stock options and warrants, will also be adjusted in accordance with the Consolidation Ratio.
The Company will, as of the Effective Date, mail letters of transmittal to its registered shareholders so they may submit their old certificates in order to obtain new certificates on a post-Consolidation basis. Registered Shareholders should follow the instructions on the letter of transmittal in order to exchange their old pre-Consolidation share certificates for post-Consolidation share certificates. Shares held in uncertificated form by non-registered shareholders through brokerage accounts will be converted at the Conversion Ratio through each shareholder's brokerage accounts. Non-registered shareholders should consult their broker for further information.
About Fabled Silver Gold Corp.
Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico.
The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.
The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX:AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.
Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp.
Phone: (819) 316-0919
[email protected]
For further information please contact: [email protected]
Neither the TSX Venture Exchange nor its Regulations Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does accept responsibility for the adequacy or accuracy of this news release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
SOURCE: Fabled Silver Gold Corp
News Provided by ACCESSWIRE via QuoteMedia
Aben Resources Ltd. (TSX-V: ABN ) (OTC QB : ABNAF ) (Frankfurt: E2L2 ) ("Aben" or "the Company") has amended the option agreement dated November 9, 2021 (the "Agreement") with Eagle Plains (the "Optionor") whereby the Company may acquire a 100% interest in the Slocan Graphite Property in Southern British Columbia (the "Property").
Under the new terms of the amendment, the Company has been granted an extension on the due date of its first anniversary obligations, being the cash payment, share issuance and exploration expenditures The first anniversary obligations, which were all due by December 31, 2022, are now due as follows:
In consideration of the amendment, the Company shall issue the Optionor an additional 350,000 common shares by March 31, 2023. All the other terms and conditions of the Agreement remain unchanged.
About Aben Resources :
Aben Resources is a diversified Canadian gold and graphite exploration company with exploration projects in British Columbia, Ontario, and the Yukon Territory.
For further information on Aben Resources Ltd. (TSX-V: ABN ), visit our Company's website at www.aben resources. com .
Aben Resources Ltd.
"Jim Pettit"
______________________
JAMES G. PETTIT
President & CEO
For further information contact:
Aben Resources Ltd.
Riley Trimble, Corporate Communications
Telephone: 604-416-2978
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected] sources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
News Provided by GlobeNewswire via QuoteMedia
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.