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BULGOLD Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately $1 Million
Globenewswire· 2025-07-10 13:15
Not for distribution to United States newswire services or for dissemination in the United States TORONTO, July 10, 2025 (GLOBE NEWSWIRE) -- BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased to announce the closing of its previously announced non-brokered private placement (the "Offering") for gross proceeds of approximately $1,076,720 from the sale of 21,534,407 common shares in the capital of the Company (each, a "Share") at a price of $0.05 per Share (the "Issue Price"). In consideration ...
Red Pine Announces Closing of Upsized $8.5 Million Brokered Offering
Globenewswire· 2025-07-09 13:12
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 09, 2025 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to announce that it has closed its previously announced upsized brokered offering (the “Offering”). The Offering was completed by way of a best-efforts Listed Issuer Financing Exemption of Offered Securities of the Company (the “Offered Securities”) for aggregate gr ...
Northwest Copper Announces Closing of Oversubscribed Private Placement
Globenewswire· 2025-07-04 11:00
Core Viewpoint - NorthWest Copper Corp. successfully closed an oversubscribed non-brokered private placement financing, raising a total of $555,000 through the sale of 2,775,000 units at $0.20 per unit, which will primarily be used for general working capital purposes [1][2]. Financing Details - The private placement consisted of 2,775,000 units priced at $0.20 each, resulting in gross proceeds of $555,000 [2]. - Each unit includes one common share and one half of a non-transferable common share purchase warrant, with each whole warrant exercisable at $0.30 until July 3, 2027 [2]. - The company paid cash finder's fees of $6,000 and issued 30,000 compensation warrants, also exercisable at $0.30 until July 3, 2027 [3]. Strategic Insights - CEO Paul Olmsted highlighted that the increased demand for the private placement reflects confidence in the company's new strategic approach at Kwanika, focusing on higher-grade zones within current mineralization [3]. - The financing is seen as a crucial step in preparing for the next phase of exploration drilling and metallurgical work aimed at enhancing value at Kwanika [3]. Related Party Transactions - Three directors of the company acquired a total of 400,000 units for $80,000, which qualifies as a related party transaction [5]. - These transactions are exempt from certain requirements under Multilateral Instrument 61-101 due to the fair market value of the securities not exceeding 25% of the company's market capitalization [5]. Company Overview - NorthWest Copper is engaged in copper and gold exploration and development, with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [7]. - The company is positioned to benefit from a strengthening global copper market and a robust gold market, emphasizing responsible mineral exploration in collaboration with First Nations [7].
Near Surface Infill-Drilling to Assess Open Pit Production Intersects 45.38 g/t Au over 3.13 m core length, including 141.00 g/t Au over 0.88 m
Globenewswire· 2025-06-18 11:30
TORONTO, June 18, 2025 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to announce further results from the ongoing drilling program at the Wawa Gold Project, Ontario. Near surface drilling completed since May 2025 was conducted as part of the Company's assessment of the open pit potential. (See PR dated May 8, 2025). Highlights of the Open-Pit Evaluation Drilling Michael Michaud, President and CEO of Red Pine commented: "We are excited about ...
BULGOLD Announces Non-Brokered Private Placement for Gross Proceeds of Up to $1 Million
Globenewswire· 2025-06-05 21:00
Not for distribution to United States newswire services or for dissemination in the United States TORONTO, June 05, 2025 (GLOBE NEWSWIRE) -- BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased to announce a non-brokered private placement (the "Offering") for gross proceeds of up to $1,000,000 from the sale of common shares of the Company (each, a "Share") at a price of $0.05 per Share (the "Issue Price"). The Company has agreed to pay a finder’s fee to arm’s length parties for services rendere ...
Altai Announces Repositioning of Investment Portfolio to Maximize Liquidity
Globenewswire· 2025-06-02 20:34
Core Viewpoint - Altai Resources Inc. has completed the repositioning of its Canadian investment portfolio to enhance liquidity and eliminate equity market risk [1][2]. Group 1: Repositioning Details - The repositioning involved the sale of all marketable securities and reinvestment of net cash proceeds into cash and cash equivalents [1]. - The total market value of the newly structured Investment Portfolio is approximately $3.9 million [2]. - The market value of the Investment Portfolio per common share is approximately $0.07, based on 56,033,552 issued and outstanding common shares [2]. Group 2: Company Overview - Altai Resources Inc. is based in Toronto, Ontario, and has a producing oil property in Alberta and an exploration gold property in Quebec [3]. - The company’s investment portfolio is now entirely comprised of cash and cash equivalents [2].
BULGOLD Announces Filing of First Quarter Financial Results For The Three Months Ended March 31, 2025
Globenewswire· 2025-05-23 21:05
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased to announce that it has filed its unaudited condensed interim financial statements and MD&A for the first quarter ended March 31, 2025. For the 3 months ending March 31, 2025, the company incurred a net loss of $119,150 ($0.00 per share). On March 31, 2024, the company had cash (and cash equivalents) of $252,891. About BULGOLD Inc. BULGOLD is a gold exploration company focused on the exploration and ...
BULGOLD Announces Annual General and Special Meeting Voting Results
Globenewswire· 2025-05-21 21:00
Core Points - BULGOLD Inc. held its Annual General and Special Meeting on May 21, 2025, where all matters proposed were approved by the requisite majority of votes [1][2] - Shareholders elected all director nominees and appointed McGovern Hurley LLP as auditors until the next annual meeting [2] - An ordinary resolution was passed to ratify the Company's 10% "rolling" equity incentive plan, allowing for the issuance of awards based on 10% of the outstanding common shares [3] - Approximately 39.7% of the Company's issued and outstanding common shares were voted, with over 99.4% approval for all matters [4] Company Overview - BULGOLD is a gold exploration company focused on mineral exploration projects in Central and Eastern Europe, controlling three quartz-adularia epithermal gold projects in Bulgaria and Slovakia [5] - The projects include the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project, which are believed to have potential for high-grade gold mineralization [5] - As of December 31, 2024, BULGOLD had 27,597,928 issued and outstanding shares, with approximately 40.3% held by Founders, Directors, and Management [6]
NorthWest Copper Announces Non-Brokered Private Placement Financing
Globenewswire· 2025-05-21 10:30
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, May 21, 2025 (GLOBE NEWSWIRE) -- NorthWest Copper Corp. (“NorthWest” or “the Company”) (TSX-V: NWST) announces a non-brokered private placement financing of up to 2,500,000 units at a price of $0.20 per unit (a “Unit”) for gross proceeds of up to $500,000 (the “Private Placement”). Each Unit consists of one common share of the Company (each, a “Common Share”) and one half of one no ...
CSE Bulletin: New Listing - McFarlane Lake Mining Limited (MLM)
Newsfile· 2025-05-06 16:44
Group 1 - McFarlane Lake Mining Limited's common shares have been approved for listing on the Canadian Securities Exchange (CSE) with trading commencing on May 8, 2025 [1][3][5] - The company is focused on gold exploration and development, owning several properties including the McMillan and Mongowin gold properties, West Hawk Lake property, High Lake property, and Michaud/Munro mineral property [2][4] - The total number of issued and outstanding securities is 270,558,654, with an additional 109,862,917 securities reserved for issuance [5] Group 2 - The company operates in the mining sector, specifically in gold exploration [5] - The trading currency for the shares is Canadian Dollars (CDN$) [5] - The fiscal year for McFarlane Lake Mining Limited ends on August 31 [5]