Thenewswire
Search documents
Hill Incorporated Makes Assignment in Bankruptcy Under the Bankruptcy and Insolvency Act (Canada)
Thenewswire· 2025-11-21 21:10
Core Viewpoint - Hill Incorporated has filed for bankruptcy due to significant financial challenges, including price compression and difficulties in collecting accounts receivable in the cannabis industry, as well as high costs in its alcohol-free wine business [2]. Group 1: Bankruptcy Announcement - Hill Incorporated, previously known as Hill Street Beverage Company Inc., has made an assignment in bankruptcy under the Bankruptcy and Insolvency Act (Canada) [1]. - The decision to file for bankruptcy was made after careful consideration of the company's financial position and strategic alternatives, concluding that there were no viable options to meet its obligations [2]. Group 2: Financial Challenges - The company is facing dramatic price compression and significant challenges in its DehydraTECH licensing business, which have contributed to its financial difficulties [2]. - There are also substantial cash outlays and costs associated with the company's alcohol-free wine business, further exacerbating its financial situation [2]. Group 3: Trustee Appointment - Albert Gelman Inc. has been appointed as the trustee in the bankruptcy proceeding, pending affirmation by the company's creditors at the first meeting [3].
Vanguard Mining Surpasses 500 Metres in Ongoing Drill Program at the Redonda Copper-Molybdenum Project, British Columbia
Thenewswire· 2025-11-21 21:05
Core Insights - Vanguard Mining Corp. has surpassed 500 metres of drilling at its 100%-owned Redonda Copper-Molybdenum Project in British Columbia, indicating significant progress in exploration efforts [1][3] - The drilling program is guided by targets derived from an airborne geophysical survey and aims to expand on previous results, with a focus on defining the extent of the mineralized system at depth [3][12] Drilling Program Details - The drilling is being conducted by Paradigm Drilling Ltd. using a Boyles T-75 hydraulic diamond drill capable of reaching depths over 600 metres [2] - Recent drilling results include intervals of up to 142.6 metres grading 0.279% Cu and 0.0281% Mo, with surface sampling averaging approximately 0.5% CuEq [3][4] - The 2025 program will include detailed geological mapping and deeper drilling below 500 metres, with mineralized zones remaining open to the north and south [8][11] Collaboration and Community Engagement - The company prioritizes collaboration with the Klahoose First Nation, focusing on local labor, training opportunities, and logistics [7] - Ongoing engagement will include regular updates on work plans and adherence to cultural heritage protocols [7] Project Overview - The Redonda Project encompasses nine mineral claims totaling 2,746.46 hectares, located approximately 40 km northeast of Campbell River, BC [13] - The geological setting of Redonda shares characteristics with nearby porphyry systems, enhancing its exploration potential [14] Future Plans - The company plans to provide updates on drill start, meterage, and assay results as they become available [12] - The exploration strategy will leverage historical datasets and results from the late-2024 airborne geophysical survey to identify priority targets [12]
Avventura Resources Ltd. Announces $100,000 Loan Facility from Mid Atlantic Capital Associates Ltd.
Thenewswire· 2025-11-21 20:00
Core Points - Avventura Resources Ltd. has entered into a loan agreement with Mid Atlantic Capital Associates Ltd. for $100,000 CAD to support its corporate and exploration initiatives [1][2] - The loan carries an interest rate of 2% per annum and is secured under a General Security Agreement [2] - The company expects the loan to enhance its near-term liquidity as it prepares for upcoming exploration activities [2] Company Overview - Avventura Resources Ltd. is a Canadian mineral exploration company focused on acquiring and developing high-potential exploration projects [3] - The company is committed to responsible resource development and aims to create long-term value for its shareholders [3]
SPARC AI Private Placement
Thenewswire· 2025-11-21 14:30
Core Points - SPARC AI Inc. is conducting a non-brokered private placement of up to 1,428,571 units at a price of $0.70 per unit, aiming for gross proceeds of up to $1,000,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of a common share at $0.90 within twelve months after the offering's closing date [2] - The company plans to use the proceeds for commercialization initiatives, including establishing a sales presence in the U.S., hiring experienced personnel, and enhancing market outreach for its product suite [3] Company Overview - SPARC AI Inc. specializes in high-tech solutions for GPS-denied environments, enhancing perception and awareness [4] - The company has developed a Target Acquisition System and Autonomous Flight solution that does not rely on GPS, satellite, lidar, radar, or complex hardware/software [4]
Rockland Resources Closes Private Placement
Thenewswire· 2025-11-20 23:20
Vancouver, British Columbia, November 20, 2025 – TheNewswire - Rockland Resources Ltd. (the “Company” or "Rockland") (CSE: RKL), is pleased to announce that further to its press releases dated November 12, 2025 and November 13, 2025, the Company has closed the non-brokered private placement. The Company issued three million units (the "Units") at a price of $0.06 per Unit for aggregate gross proceeds of $180,000. Each Unit is comprised of one common share ("Share") and one transferable common share purchas ...
Noble Mineral Closes its Non-Brokered Private Placement and Extends Warrants
Thenewswire· 2025-11-20 21:05
Core Viewpoint - Noble Mineral Exploration Inc. has successfully completed a non-brokered private placement, raising approximately $1.03 million to fund exploration activities in Ontario [2][5]. Private Placement - Noble raised gross proceeds of approximately $1,027,997.94 through the issuance of 17,133,299 flow-through common share units priced at $0.06 per unit [2]. - Each flow-through unit consists of one common share and one-half non-flow-through common share purchase warrant, with full warrants exercisable for two years at an exercise price of $0.10 per share [2]. - The company paid approximately $43,050 in cash commissions and issued 647,497 broker warrants, each exercisable for two years at an exercise price of $0.06 per share [3]. Regulatory Approvals - The private placement has received conditional approval from the TSX Venture Exchange and is subject to final approval [4]. Use of Proceeds - The proceeds from the private placement will be utilized for exploration expenditures on the company's properties located in Ontario [5]. Extension of Warrants - Noble has extended the term of 7,933,333 common share purchase warrants, which will now expire in November 2027 and December 2027 [6]. - Final approval for the extension of the warrants has been received from the Exchange [6]. Company Overview - Noble Mineral Exploration Inc. is a Canadian junior exploration company with holdings in various nickel and gold exploration properties [8]. - The company holds mineral and/or exploration rights in approximately 70,000 hectares in Northern Ontario and 24,000 hectares in Quebec [9]. - Notable projects include Project 81, which hosts drill-ready targets for gold, nickel-cobalt, and base metals [10].
[Video Enhanced] West Red Lake Gold on Track for Q1 2026 Commercial Production
Thenewswire· 2025-11-20 19:10
Core Insights - West Red Lake Gold Mines provided a mid-Q4 update on the ramp-up activities at the Madsen Mine, reporting a month-over-month ore output increase of 24% and improvements in operational efficiency [1][2][8] Company Updates - The ramp-up phase at the Madsen Mine has seen significant operational changes, including improved underground waste-rock handling and expanded haul-truck availability [2][8] - The company aims to achieve full-scale operations at the Madsen Mine by early 2026, with ongoing efforts to complete necessary infrastructure and operational components [7][11] - The mine's management team has been strengthened with the addition of experienced professionals, including Sean McCormack as Mine General Manager and other key positions filled by industry veterans [13][15][17] Production and Capacity - The Madsen Mine's ore production increased by 24% in October compared to September, attributed to the initiation of an underground waste rock storage program [8][9] - The operational goal includes getting the shaft operational, which is expected to add approximately 300 tonnes per day of capacity [11] - The mine is on track for commercial production early in Q1 2026, with a projected output of around 50,000 ounces of gold annually [18] Market Context - The current gold price is significantly higher than historical levels, trading at approximately USD $4,060, which is double the price from two years ago [22] - Concerns regarding the U.S. national debt, currently at $38.15 trillion, are leading investors to seek safe-haven assets like gold [23][24]
Andina Copper Announces Listing on TSX Venture Exchange
Thenewswire· 2025-11-20 18:50
November 20, 2025 – TheNewswire - Vancouver, British Columbia - Andina Copper Corporation (CSE:ANDC) (FSE:FIR) (OTCQB:PMMCF) (“Andina Copper” or the “Company”) is pleased to announce that effective Monday, November 24, 2025, the common shares of the Company will commence trading on the TSX Venture Exchange under the symbol “ANDC” (the “Listing”). In connection with the Listing, the Company will delist its common shares from the Canadian Securities Exchange at the close of business on Friday, November 21, 2 ...
Uniserve Executes Agreements to Acquire Business of Megawire Inc.
Thenewswire· 2025-11-20 14:30
Core Viewpoint - Uniserve Communications Corporation has entered into definitive agreements to acquire Megawire Inc., enhancing its managed IT services and expanding its market presence in Canada and the US [1][9]. Transaction Details - The total purchase price for the acquisition is $6,500,000, which includes $2,000,000 in Uniserve shares, $2,400,000 in cash for Brimax shares, and $2,100,000 under a convertible note for Waterloo shares [3][4]. - The convertible note will have a three-year term with an annual interest rate of 7%, secured against Waterloo's assets [4]. Share Issuance and Conversion - Uniserve shares issued under the note will have a conversion price of $0.75 in Year 1, $1.00 in Year 2, and $1.25 in Year 3 [5]. - The shares will be issued at a deemed value based on the lower of $0.60 or the volume-weighted average price (VWAP) for the 10 trading days prior to closing, with a minimum price of $0.47 [4]. Consulting and Non-Competition Agreements - A 12-month consulting agreement will be established with Emerald Flow Inc. for management services, and non-competition agreements will be in place for Megawire and its principal for 24 months [6]. Approval and Closing - The transaction is subject to approval from the TSX Venture Exchange, with intentions to close as soon as possible after receiving approval [8]. Strategic Impact - The acquisition is expected to enhance Uniserve's service offerings, particularly in eastern Canada, and support the growth of recurring revenue streams [9].
First Drill Hole Commenced and Second Drill Rig has Arrived at Choquelimpie Project
Thenewswire· 2025-11-20 14:00
Core Viewpoint - Norsemont Mining Inc. has commenced its Phase 3 exploration drill program at the Choquelimpie project in northern Chile, targeting higher-grade gold mineralization in the Vizcacha hydrothermal breccia [1][3]. Phase 3 Drill Program - The Phase 3 program will involve up to 5,000 meters of diamond drilling using two drill rigs, with drilling expected to continue through late December [1]. - The program aims to evaluate down-dip extensions of high-grade gold mineralization, consisting of up to 20 holes averaging 250 meters in length [4]. - The first hole, MV25-DD01, has been collared at an elevation of 4,694 meters, oriented at an azimuth of 275 degrees, inclined at 70 degrees, with a target depth of 225 meters [6][8]. Management Insights - CEO Marc Levy expressed excitement about the potential for higher-grade gold zones at depth beneath the current resource, emphasizing the significance of the first hole in testing previously indicated higher-grade mineralization [3]. - The company is nearing completion of an engineering report for a 3,000 TPD plant and plans to update its near-term production strategy this quarter [3]. Technical Oversight - The Phase 3 exploration program is supervised by Roman Flores, a qualified person with the Commission Minera Chile [7]. - Drill core samples will be assayed at Activation Geological Services SpA, an ISO 17025 certified laboratory in Coquimbo, Chile [5]. Company Background - Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver-copper project, which has over 143,000 meters drilled across 1,710 drill holes and significant existing infrastructure [13]. - The company is focused on responsible and sustainable resource development, leveraging modern exploration techniques to enhance shareholder value [13].