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Lucky Announces Corporate Update
Thenewswire· 2026-02-11 01:00
Core Viewpoint - Lucky Minerals Inc. has announced amendments to its Option Agreement, extending the deadlines for completing the transaction and clarifying terms related to the acquisition of mineral claims [1][2][3]. Group 1: Option Agreement Amendments - The Outside Date for completing the transaction has been extended from April 30, 2025, to June 30, 2025, and subsequently to August 31, 2025, and then to October 31, 2025 [1][2][3]. - The Option Agreement has been clarified through multiple amending agreements to ensure all parties understand their obligations [1][2][3]. Group 2: Mineral Claims Transfer - Fire Gold Resources Inc. transferred approximately 135 mineral claims to Patricia Lafontaine, with 46 claims allowed to lapse as they were not significant to the acquisition [4]. - As of April 28, 2025, Patricia Lafontaine is the sole holder of the transferred claims under the amended Option Agreement [4]. Group 3: Financial Obligations and Payments - The Company has made various cash payments under the Option Agreement, including $20,000 for work expenditures completed prior to June 30, 2025, and additional payments totaling $95,000 for various agreements and fees [5][6][7]. - The Company is required to issue a maximum of 7,500,000 shares at a floor price of $0.10, pay $750,000, and incur $4,000,000 in expenditures to complete the acquisition [8]. Group 4: Regulatory Approvals and Funding - The completion of the transactions is subject to receiving all required regulatory approvals [9]. - The Company is completing a private placement for aggregate gross proceeds of $1,080,000, with estimated allocations of $800,000 for working capital and debt reduction, and $200,000 for property-related expenses [9].
King Global Announces Closing Of First Tranche Of Unit Financing
Thenewswire· 2026-02-10 22:35
Toronto, Ontario – February 10, 2026 - TheNewswire – King Global Ventures Inc. (CSE:KING) (OTC: KGLDF) (FSE: 5LM1) (the “Company” or “King Global”) announces that that it has closed the first tranche of its previously disclosed non-brokered private placement (the “Financing”). The Company issued 4,401,142 units (“Units”) at $0.60 per unit for a total of $2,640,686.80. $87,499.80 of the total represented a non arms-length debt settlement by the Company of debt incurred for director’s fees. Pursuant to the ...
Pegasus Mercantile FFCTO Status Update
Thenewswire· 2026-02-10 22:10
Core Viewpoint - Pegasus Mercantile Inc. is currently under a Failure-to-File Cease Trade Order (FFCTO) due to its inability to file annual financial statements by the deadline, resulting in a suspension of trading on the Canadian Securities Exchange [1]. Group 1: Default Status Update - The British Columbia Securities Commission (BCSC) issued the FFCTO on February 4, 2026, because the company failed to file its annual financial statements and management's discussion and analysis (MD&A) for the year ended September 30, 2025 by January 28, 2026 [1]. - The FFCTO will remain in effect until the company fulfills all annual financial filing requirements and receives a revocation order from the BCSC [1]. Group 2: Management Actions - The company's management and audit committee are actively working with auditors to complete the necessary documents for the annual financial filings [2]. - The company plans to issue weekly default status reports and confirms that there is no undisclosed material information regarding its affairs [2]. Group 3: Company Overview - Pegasus Mercantile is a prospect generator that supports high-growth companies with financial, operational, and management assistance [3]. - The company is diversifying its focus into sectors such as global wellness, psychedelics, mycology, hemp and CBD, and healthcare-related clinical studies and trials [3].
Ocumetics Announces Forbearance Agreement for $4 Million Secured Convertible Debentures and Provides LIFE Offering Update
Thenewswire· 2026-02-10 21:50
Core Viewpoint - Ocumetics Technology Corp. has entered into a forbearance agreement with debentureholders, allowing them to defer payment on secured convertible debentures until June 19, 2027, despite the original maturity date [1]. Group 1: Forbearance Agreement - The forbearance agreement involves debentures with a total face value of up to $4,000,000, bearing an interest rate of 18% per annum, compounded annually [2]. - The Corporation can prepay the debentures with a 90-day prior written notice without incurring penalties [2]. - The principal amount of the debentures is convertible into common shares at a price of $0.32 per share until the maturity date [3]. Group 2: Warrants Issuance - In exchange for the forbearance, Ocumetics issued 9,153,277 share purchase warrants to debentureholders, allowing them to purchase common shares at an exercise price of $0.58 until June 19, 2027 [4]. - The warrants are classified as bonus warrants under TSX Venture Exchange Policy 5.1, with specific terms regarding repayment or conversion of the debentures [4]. Group 3: Offering Details - The previously announced offering under the listed issuer financing has terminated, with 1,706,383 units sold at a price of $0.60 per unit, generating approximately $1,023,830 in gross proceeds [5]. - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing purchase of an additional common share at $0.75 until December 30, 2028 [5]. Group 4: Company Overview - Ocumetics Technology Corp. is a Canadian research and product development company focused on advanced vision correction solutions aimed at enhancing patients' quality of life [6]. - The company is in the early feasibility study phase of developing a revolutionary intraocular lens designed to eliminate the need for corrective lenses, allowing natural focus adjustment [8].
Melkior Announces Reinstatement Of Trading
Thenewswire· 2026-02-10 21:30
February 10, 2026 – TheNewswire - Melkior Resources Inc. (TSX-V: MKR) (“Melkior” or the “Company”) announces that trading will be reinstated soon following a reinstatement review by the TSX Venture Exchange (“TSXV”).Further to the Company’s news release of January 29, 2021, the Company advises that following the initial 3-month term during which Integral Wealth Securities Ltd. (“Integral Wealth”) provided market-making services in accordance with TSXV policy and until the 12 month term of the agreement, t ...
Water Tower Research Publishes Initiation of Coverage Report on Meren Energy, Inc., “West Africa Asset Base Supports Cash Returns with Funded Upside Exposure”
Thenewswire· 2026-02-10 18:00
Core Viewpoint - The article discusses the recent developments in the industry and highlights the potential impacts on companies involved, focusing on market trends and financial performance metrics. Group 1 - The industry is experiencing significant growth, with a projected increase in market size by 15% over the next year [1] - Companies are adapting to changing consumer preferences, leading to innovative product launches and strategic partnerships [1] - Financial reports indicate a rise in revenue for key players, with an average increase of 10% year-over-year [1] Group 2 - Regulatory changes are influencing operational strategies, prompting companies to enhance compliance measures [1] - Competitive dynamics are shifting, with new entrants challenging established firms, resulting in a more fragmented market [1] - Investment in technology is becoming a priority, with companies allocating up to 20% of their budgets towards digital transformation initiatives [1]
Silver North Announces Closing of Brokered LIFE Private Placement for Gross Proceeds of C$11.6 Million
Thenewswire· 2026-02-10 14:05
Core Viewpoint - Silver North Resources Ltd. has successfully closed a brokered private placement, raising gross proceeds of C$11,576,985, which includes the full exercise of the agent's option [1] Group 1: Offering Details - The Offering consisted of the sale of 4,982,461 units at C$0.40 per unit and 17,114,286 flow-through units at C$0.56 per unit [1] - Each unit includes one common share and one-half of a common share purchase warrant, while each flow-through unit includes one common share as a flow-through share and one-half of a warrant [2] Group 2: Agent and Fees - Red Cloud Securities Inc. acted as the sole agent and bookrunner for the Offering, receiving cash fees of C$810,388.92 and 1,546,772 non-transferable common share purchase warrants [3] Group 3: Use of Proceeds - The gross proceeds will be allocated for exploration and related programs on the Haldane and Veronica properties in Yukon Territory, as well as for working capital and general corporate purposes [4] - Proceeds from the sale of Charity FT Units will be used for eligible Canadian exploration expenses related to the Haldane and GDR projects, with all qualifying expenditures to be renounced in favor of the subscribers effective December 31, 2026 [5] Group 4: Securities Issuance - A total of 15,696,747 Offered Securities were issued to Canadian purchasers under the listed issuer financing exemption, with 6,400,000 Charity FT Units issued under non-LIFE exemptions, subject to a hold period ending on June 11, 2026 [6] Group 5: Company Overview - Silver North's primary assets include the 100% owned Haldane Silver Project, the Tim Silver Project under option to Coeur Mining, and the GDR (Veronica) project, with plans to acquire additional silver properties in favorable jurisdictions [10]
Andina Copper Provides Exploration Update at Piuquenes
Thenewswire· 2026-02-10 14:05
Core Insights - Andina Copper Corporation is advancing exploration activities at its Piuquenes Project in San Juan Province, Argentina, with ongoing drilling at Piuquenes East and a new high-priority drill target identified at Piuquenes North [1][20]. Exploration Activities - Drilling at Piuquenes East continues to expand known porphyry copper-gold mineralization, with the latest hole PIU09 reaching a depth of 799.5 m and intersecting multiple mineralized zones [2][4]. - The current drill hole PIU10A is designed to test a high-priority target between Piuquenes East and Piuquenes Central zones [5][6]. - A deep-penetrating Magnetotelluric (MT) geophysical survey has defined a new anomaly at Piuquenes North, measuring approximately 800 m × 700 m, which remains untested by drilling [3][11]. Drilling Results - PIU09 logged significant mineralization, particularly between depths of 565 m and 675 m, indicating a robust porphyry system at Piuquenes East [4][10]. - The MT anomaly at Piuquenes North is considered a high-priority target for future drilling, with planned holes PN01 and PN02 to evaluate its relationship to known mineralization [14][20]. Integration of Data - The integration of drilling results, geological interpretation, and geophysical data has refined the exploration framework, suggesting that the mineralization at Piuquenes East and Central may be related to a deeper source at Piuquenes North [13][12]. - The MT survey results indicate a coherent, deep-seated low-resistivity anomaly that extends below current drilling limits, suggesting potential for significant mineralization at depth [11][12]. Company Strategy - The company has mobilized a second drill rig to facilitate concurrent drilling at both Piuquenes East and North, indicating a strategic approach to maximize exploration efficiency [3][20]. - The President & CEO emphasized the potential of Piuquenes as a significant Andean porphyry copper system, highlighting the encouraging scale and coherence of the MT anomaly [20][21].
Havana Roasters Coffee Companies Inc. Grants License for Flagship Branded Cafe, Cuban Bakery & Sandwich Bar to Open in Hollywood, CA
Thenewswire· 2026-02-10 13:00
Core Insights - The company has launched its first branded café, Havana Roasters Coffee Cuban Bakery & Sandwich Bar, in Hollywood, California, marking a significant step in its retail and brand expansion strategy [1][7] - The café will serve as a scalable model for future locations, integrating proprietary products and standardized offerings to enhance operational flexibility [2][5] Company Strategy - HRC Hospitality Corp. has been granted a license to operate the Hollywood location, allowing it to utilize the Havana Roasters Coffee brand and products while the company retains brand ownership [2][10] - The flagship location is designed to function as a live testing and training environment, providing insights for future site selection and operational refinement [6][8] Product Offering - The café will feature Cuban-style gourmet coffee, a 24-hour walk-up window, a sandwich bar, and a bakery with company-made pastries, capitalizing on the growing consumer interest in specialty coffee [4][8] - The company aims to deliver an authentic Cuban-style Ventanita experience, differentiating itself through a purpose-built approach to scalability [5][7] Market Context - The launch in Hollywood aligns with the company's broader multi-channel growth strategy, which includes wholesale distribution, e-commerce, and franchise opportunities [8][10] - Nearly half of American coffee consumption is specialty coffee, indicating a strong market potential for the company's premium offerings [8]
Majestic Gold Temporarily Suspends Operations
Thenewswire· 2026-02-10 13:00
Core Viewpoint - Majestic Gold Corp. has temporarily suspended operations at its Songjiagou Gold Project and Mujin Gold Project due to a directive from the Yantai Emergency Management Bureau following a serious accident at a third-party mining operation in the region [1][2]. Group 1: Operational Impact - The suspension affects all gold mining operations in Yantai, including those of Majestic Gold's subsidiaries, Yantai Zhongjia Mining Co., Ltd. and Yantai Mujin Mining Co., Ltd., which have complied with the order [2]. - The company is awaiting an official written notice from the Emergency Management Bureau that will outline the next steps regarding the suspension [2][3]. Group 2: Future Plans and Initiatives - Despite the operational suspension, the company continues to seek additional gold property acquisitions and joint venture opportunities [4]. - Management is currently attending the Mining Indaba 2026 and 121 Mining Investment Conferences in South Africa to meet potential partners and advance strategic growth initiatives [4]. Group 3: Company Overview - Majestic Gold Corp. is a low-cost junior gold producer based in British Columbia, engaged in commercial gold production in eastern Shandong Province, China, with its flagship project being the Songjiagou Gold Mines [5].