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WestKam Gold Corp. Announces Late Filing of Q2 Interim Financial Statements and Management Cease Trade Order
Globenewswire· 2025-07-02 22:43
Core Points - WestKam Gold Corp. was unable to meet the June 30, 2025 deadline for filing its interim financial statements due to the CFO's medical leave [1] - The company is in the process of hiring new accounting personnel and an Interim CFO to complete the Interim Financials, expected to be filed by the end of August 2025 [1] - The company received approval for a management cease trade order (MCTO) from the British Columbia Securities Commission due to the late filing [2] - While the MCTO is in effect, the general public can still trade the company's shares, but the CEO and Interim CFO are prohibited from trading [4] - The company must issue bi-weekly default status reports while the MCTO is in effect [3] Company Overview - WestKam Gold Corp. is a Canadian-listed junior gold exploration company focused on projects in Western North America [5]
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
Core Insights - Red Pine Exploration Inc. has announced positive results from its ongoing drilling program at the Wawa Gold Project, indicating high-grade gold mineralization and potential for open-pit production [1][3][4] Open-Pit Evaluation Drilling - The company has completed approximately 90% of a fully funded 25,000-meter drilling program initiated in November 2024, focusing on the Jubilee Shear area [4] - Drilling results show local areas of high-grade gold, with significant intersections including 45.38 grams per tonne (g/t) gold over 3.13 meters in hole SD-25-559 [8][9] - The company plans to complete drill testing of starter pits by early July and will update the 2024 Mineral Resource Estimate (MRE) while working towards a preliminary economic assessment (PEA) expected in the first half of 2026 [4][21] Drilling Results - Significant drilling results include: - Hole SD-25-540: 9.54 g/t Au over 1.03 m [9] - Hole SD-25-544: 1.86 g/t Au over 19.09 m, including 4.28 g/t Au over 4.88 m [8] - Hole SD-25-559: 45.38 g/t Au over 3.13 m, including 141.00 g/t Au over 0.88 m [8] - The reported assay results represent 3,416.11 meters of assayed core from the 2025 drilling program [10] Quality Assurance/Quality Control - The company employs rigorous QA/QC measures, including the use of external gold standards and blanks, to ensure the reliability of assay results [11][12] - Approximately 5% of pulps and coarse rejects are sent for umpire testing to verify results [12] Company Overview - Red Pine Exploration Inc. is a gold exploration company based in Toronto, Ontario, with shares traded on the TSX Venture Exchange and OTCQB Markets [17] - The Wawa Gold Project is located in the Michipicoten Greenstone Belt, an area with significant historical gold mining activity [18]
Bonterra Resources Announces Election Results of its 2025 Annual General Meeting
Newsfile· 2025-06-11 21:00
Core Points - Bonterra Resources Inc. announced the results of its 2025 Annual General Meeting (AGM) held on June 11, 2025, which represents its fiscal year ended 2024 [1][2]. Group 1: Election Results - Shareholders approved all matters voted on at the 2025 AGM, including setting the number of directors at seven and re-electing the current directors [2][3]. - The directors re-elected include Cesar Gonzalez, Marc-André Pelletier, Normand Champigny, Paul Jacobi, Matt Houk, Lesley Antoun, and Peter O'Malley [2]. - Crowe MacKay LLP was appointed as auditors for the upcoming year, with directors authorized to fix their remuneration [2]. Group 2: Voting Details - A total of 77,193,201 common shares were voted at the meeting, representing approximately 46% of the common shares issued and outstanding as of the record date [3]. - Detailed voting results indicate significant support for the election of directors and the appointment of auditors, with the majority of votes cast in favor [4]. Group 3: Company Overview - Bonterra Resources is a Canadian gold exploration company with advanced exploration assets, including the Gladiator, Barry, Moroy, and Bachelor gold deposits, totaling 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category [5]. - The company entered into a joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits [6]. - Gold Fields Ltd acquired Osisko Mining for C$2.16 billion in October 2024 and is now the counterparty to the joint venture agreement, aiming to earn a 70% interest by incurring C$30 million in work expenditures until November 2026 [7].
BULGOLD Announces Non-Brokered Private Placement for Gross Proceeds of Up to $1 Million
Globenewswire· 2025-06-05 21:00
Core Points - BULGOLD Inc. is conducting a non-brokered private placement to raise up to $1,000,000 by selling common shares at a price of $0.05 per share [1] - The proceeds from the offering will be used for exploration and general corporate purposes, with the closing date scheduled for around June 30, 2025 [3] Offering Details - The company will pay a finder's fee of 7.0% of the gross proceeds from shares sold to third parties, along with finder's warrants equal to 7.0% of the shares sold [2] - Each finder's warrant allows the holder to acquire one additional common share at an exercise price of $0.07 for 18 months from the closing date [2] Company Overview - BULGOLD is focused on gold exploration in Central and Eastern Europe, controlling three quartz-adularia epithermal gold projects in Bulgaria and Slovakia [5] - As of March 31, 2025, BULGOLD had 27,597,928 issued and outstanding shares, with approximately 40.3% held by founders, directors, and management [6]
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].
OTC Markets Group Welcomes Greenheart Gold Inc. to OTCQX
Globenewswire· 2025-05-27 11:00
NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Greenheart Gold Inc. (TSX-V: GHRT; OTCQX: GHRTF), an exploration company, has qualified to trade on the OTCQX® Best Market. Greenheart Gold Inc. upgraded to OTCQX from the OTCQB® Venture Market. Greenheart Gold Inc. begins trading today on OTCQX under the symbol “GHRTF.” U.S. investors can find current financial disclosure and Re ...
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 ...
Abcourt Announces its Results for the Third Quarter Ended March 31, 2025
Globenewswire· 2025-05-22 21:22
Core Viewpoint - Abcourt Mines Inc. reported a significant net loss for the third quarter ended March 31, 2025, with no revenues generated during the period, highlighting ongoing financial challenges despite improvements in working capital [1][2]. Financial Results Summary - For the three months ended March 31, 2025, Abcourt reported no revenues, compared to revenues of CAD 255,000 for the same period in 2024 [2]. - Administration expenses increased to CAD 1,068,917 in Q3 2025 from CAD 776,367 in Q3 2024 [2]. - Care and maintenance expenses rose significantly to CAD 692,919 in Q3 2025 from CAD 231,541 in Q3 2024 [2]. - Exploration expenses surged to CAD 4,063,635 in Q3 2025, up from CAD 1,765,615 in Q3 2024 [2]. - The net loss for the three months ended March 31, 2025, was CAD 5,466,608, compared to a net loss of CAD 2,892,142 for the same period in 2024 [2]. - The net loss per share remained at CAD 0.01 for both Q3 2025 and Q3 2024 [2]. - As of March 31, 2025, the company had cash reserves of CAD 937,733, an increase from CAD 757,753 as of June 30, 2024 [2]. - Total assets increased to CAD 16,493,159 as of March 31, 2025, compared to CAD 14,063,983 as of June 30, 2024 [2]. - Non-current liabilities stood at CAD 12,908,748 as of March 31, 2025, up from CAD 12,261,315 as of June 30, 2024 [2]. - Shareholders' equity improved to CAD (3,447,876) as of March 31, 2025, from CAD (6,284,136) as of June 30, 2024 [2]. - Working capital showed improvement, with a negative working capital of CAD (2,172,892) as of March 31, 2025, compared to CAD (4,947,411) as of June 30, 2024 [2]. Company Overview - Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, focusing on the Sleeping Giant mine and the Flordin exploration property [5].
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]
Precore Gold Announces Appointment of Jacques Trottier, PhD as Head of Its Advisory Board
Globenewswire· 2025-05-21 09:00
Core Insights - Precore Gold Corp. has appointed Mr. Jacques Trottier, PhD, as head of its Advisory Board, bringing over 35 years of experience in geology and mining [1][4] - Mr. Trottier is recognized for significant gold discoveries, including over 1 million ounces at the Perron Gold Project in Quebec, with an average diluted grade of 5.26 grams per tonne [2][3] - The company is focused on exploration projects with strong gold discovery potential, aiming to generate shareholder returns in politically stable, mining-friendly jurisdictions [7][8] Company Background - Precore Gold Corp. is a Canadian junior gold exploration company dedicated to building a solid portfolio of exploration projects [7] - The company emphasizes environmental, social, and corporate governance (ESG) standards in its operations [8] Mr. Jacques Trottier's Contributions - Mr. Trottier has a proven track record, having discovered two copper-gold porphyry systems in Peru and the Shahuindo Gold Mine, which produces approximately 135,000 ounces of gold per year [3][4] - His familiarity with the Arikepay Project in Peru is expected to enhance the company's exploration efforts, with potential for new gold discoveries [5][6] Leadership Statements - The Executive Chairman of Precore Gold expressed confidence in Mr. Trottier's contributions, highlighting his leadership qualities and industry connections [5][6] - The company anticipates that the combined expertise of its executive team will lead to significant gold discoveries and benefits for shareholders [6]