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Desert Gold Upsizes Fully Subscribed LIFE Offering to C$7,230,000
TMX Newsfile· 2026-02-05 00:00
Core Viewpoint - Desert Gold Ventures Inc. has increased its non-brokered private placement offering due to strong investor demand, raising the total gross proceeds from C$5,000,000 to C$7,230,000 [1][2]. Group 1: Offering Details - The offering will now consist of up to 90,375,000 Offered Units, each comprising one Common Share and one-half of a Warrant, with the Warrant allowing the purchase of one Common Share at C$0.12 within 24 months after the closing date [2]. - The closing of the offering is expected on February 9, 2026, subject to necessary approvals, including from the TSX Venture Exchange [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to the first phase of the gravity plant at the Barani East gold oxide project in West Mali, resource expansion and exploration drilling at the SMSZ Project in Western Mali, exploration drilling at the Tiegba Gold Project in Cote d'Ivoire, and general working capital [3]. Group 3: Regulatory Compliance - The Offered Units will be available for sale to purchasers in all Canadian provinces except Québec, under the Listed Issuer Financing Exemption, and will also be offered in the United States and other jurisdictions in compliance with applicable laws [4]. Group 4: Finder's Fees - The company may pay finders a cash commission of up to 7.0% of the gross proceeds from subscribers they introduce, along with finders warrants equal to 7.0% of the Offered Units introduced [6]. Group 5: Company Overview - Desert Gold Ventures is a gold exploration company with properties in Mali and Cote d'Ivoire, including the 440 km² SMSZ Project in Western Mali and the 297 km² Tiegba Gold Project in Cote d'Ivoire [8].
Roscan Gold Announces Appointment of Chief Financial Officer and Grants of Stock Options
TMX Newsfile· 2026-02-04 16:30
Core Insights - Roscan Gold Corporation has appointed Mr. Rahul Paul as Chief Financial Officer, who has over seventeen years of experience in capital markets and the mining industry [1][2] - The company has granted a total of 13,350,000 stock options to various officers, employees, and consultants, with an exercise price of $0.17 per share [5] Company Leadership - Mr. Paul has been a board member since September 2024 and previously served as President and CEO of Radisson Mining Resources Inc., where he oversaw a significant drill program that increased gold resources [2][4] - The Executive Chairman, Nana Sangmuah, expressed confidence in Mr. Paul's financial leadership and thanked the outgoing CFO, Danny Cao, for his contributions [4] Stock Options and Incentives - The stock options granted have a term of five years and are subject to a four-month hold period from the grant date [5] - Additionally, the company has granted 5,000,000 restricted share units to directors and officers, which will vest one year from the grant date [5] Company Overview - Roscan Gold Corporation is focused on gold exploration in West Africa, holding a significant land position with 100%-owned permits in an area with existing gold mines [6]
Roscan Gold Announces the Closing of the Previously Announced Note Financing of C$1.5 Million
TMX Newsfile· 2026-01-29 21:46
Core Viewpoint - Roscan Gold Corporation has successfully completed a non-brokered private placement, raising CAD$1,505,000 through the issuance of secured subordinate promissory notes, which will be utilized for general corporate and working capital purposes [1]. Group 1: Offering Details - The promissory notes bear an interest rate of 12% per annum and will mature on January 29, 2027, with a conversion price of CAD$0.15 per common share [2]. - The notes are secured by a general security agreement over all present and after-acquired property of the company, ranking subordinate to other secured debts [3]. Group 2: Related Party Transaction - The offering included a related party transaction, where an insider subscribed for CAD$700,000 of the notes. The company is relying on exemptions from certain requirements under MI 61-101 due to the insider's participation not exceeding 25% of the company's market capitalization [4]. Group 3: Company Overview - Roscan Gold Corporation is a Canadian gold exploration company focused on acquiring and exploring gold properties in West Africa, holding a significant land position in an area with existing gold mines and major deposits [5].
One Bullion Limited Announces High Resolution Airborne Geophysical Survey to Advance Drill Targeting at Vumba and Maitengwe Projects
Globenewswire· 2026-01-27 12:30
Core Viewpoint - One Bullion Ltd. is advancing its exploration efforts in Botswana by engaging Xcalibur Smart Mapping for high-resolution airborne surveys, aiming to identify drill-ready targets for its 2026 exploration program [1][2]. Group 1: Exploration Initiatives - The company has engaged Xcalibur Smart Mapping to conduct comprehensive airborne magnetic gradiometer and radiometric surveys over the Vumba and Maitengwe projects [1]. - The airborne geophysical program will cover approximately 16,350 line-kilometers, with 2,400 line-km over Vumba and 13,950 line-km over Maitengwe, utilizing a horizontal magnetic gradiometer system [2]. - The surveys are expected to enhance the understanding of subsurface stratigraphy, particularly at Maitengwe, which covers 580.75 km and has minimal geological exposure due to Kalahari sediments [3]. Group 2: Survey Details and Timeline - The surveys are set to commence in the coming weeks and will take approximately five weeks to complete across both project areas [4]. - Preliminary geophysical results are anticipated within one week of survey completion, with fully processed datasets expected four weeks later [4]. Group 3: Company Background and Strategy - One Bullion Ltd. is focused on advancing high-quality gold assets in Botswana, controlling approximately 8,004 km² of prospective land across three projects [11]. - The company's strategy emphasizes disciplined, data-driven exploration, combining modern geological methods with advanced targeting to identify high-priority gold targets [11].
Alma Gold Closes Second and Final Tranche of Upsized Placement
TMX Newsfile· 2026-01-26 23:28
Core Viewpoint - Alma Gold Inc. has successfully closed the second and final tranche of its private placement, raising a total of $1,475,000 from both tranches [1][2]. Group 1: Private Placement Details - The second tranche of the private placement generated gross proceeds of $700,000 through the issuance of 8,750,000 units, with each unit priced at $0.08 [1][2]. - Each unit consists of one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional share at $0.15 for five years [2]. - The total gross proceeds from both tranches of the private placement amounted to $1,475,000 [1]. Group 2: Use of Proceeds - Proceeds from the private placement will be allocated for general working capital purposes, including potential strategic initiatives currently under consideration [3]. Group 3: Company Overview - Alma Gold Inc. is a gold-focused exploration company based in Bedford, Nova Scotia, exploring the Karita West Project in northern Guinea and the Dialakoro project permits in the Siguiri Basin of Guinea [5].
Pelangio Refiles Technical Report for Manfo Gold Project
TMX Newsfile· 2026-01-26 22:00
Core Viewpoint - Pelangio Exploration Inc. has amended and refiled its technical report for the Manfo Gold Project in Ghana to comply with the Ontario Securities Commission's requirements, ensuring adherence to National Instrument 43-101 standards [1]. Group 1: Technical Report Amendments - The amended Technical Report addresses issues identified during the Ontario Securities Commission's review, bringing it into conformity with regulatory standards [1]. - The report is now available on the Company's website and SEDAR+ [1]. Group 2: Company Overview - Pelangio Exploration Inc. focuses on acquiring and exploring land packages in gold belts located in Ghana and Canada [3]. - The Company owns two significant properties in Ghana: the 100 km² Manfo property, which has eight near-surface gold discoveries, and the 284 km² Obuasi property, adjacent to AngloGold Ashanti's high-grade Obuasi Mine [3].
Avanti Gold Announces That 2,100 Meters of Historical Drill Core Is Currently Being Assayed Ahead of the 2026 Drill Programme Commencing
TMX Newsfile· 2026-01-23 10:00
Core Viewpoint - Avanti Gold Corp. is advancing its exploration efforts at the Akyanga deposit within the Misisi Project in the Democratic Republic of the Congo, with significant drilling activities planned for 2026 and ongoing assays of historical drill core samples [2][9]. Drilling and Assay Progress - The company is currently assaying 2,100 meters of historical drill core from the Akyanga deposit, with results expected later this quarter [2][9]. - The 2026 drilling program is set to commence in Q1-2026, with a drilling contractor selection process nearing completion [2][6]. Historical Data and Resource Estimates - The Akyanga deposit has an NI 43-101 compliant Inferred Mineral Resource of 40.8 million tonnes at an average grade of 2.37 g/t gold, totaling approximately 3.11 million ounces [4][13]. - The current assay samples represent about 10% of the total diamond drilling previously completed, targeting high-grade zones [4][9]. Exploration Program Details - The 2026 exploration program has expanded from an initial 15,000 meters to a total of approximately 42,000 meters of diamond drilling, divided into two phases [7][10]. - Phase 1 will focus on the Akyanga deposit and is fully funded, while Phase 2 will target additional high-priority areas [10][11]. Future Steps and Strategic Planning - The company has conducted a review of prior exploration data to prioritize drilling across three contiguous mining licenses [6][9]. - Early exploration works, including ground truthing and sampling, will guide the Phase 2 drilling program [10][11].
Alma Gold Announces the Retirement of Director Jean-Marc Gagnon
TMX Newsfile· 2026-01-23 00:29
Core Viewpoint - Alma Gold Inc. announces the retirement of Jean-Marc Gagnon from the board of directors and as Vice President of Exploration, effective January 12, 2026, and expresses gratitude for his contributions to the company and the exploration sector [1][2]. Company Updates - Jean-Marc Gagnon has had a significant career in the mineral industry, particularly in gold exploration in West Africa, and will continue to support the company as a consultant during the transition [2]. - The company is currently evaluating candidates to fill the Vice President of Exploration vacancy and will provide updates in due course [3]. - Gregory Isenor, President and CEO, highlighted Gagnon's key role in gold discoveries and his contributions to positioning Alma Gold with a strong land package in Guinea ready for drilling [3]. Company Background - Alma Gold Inc. is a gold-focused exploration company based in Bedford, Nova Scotia, and is exploring the Karita West Project in northern Guinea, along with the Dialakoro project permits under application in the Siguiri Basin of Guinea [3].
OTC Markets Group Welcomes Quimbaya Gold Inc. to OTCQX
Globenewswire· 2026-01-22 12:00
Core Insights - Quimbaya Gold Inc. has successfully upgraded to the OTCQX® Best Market from the OTCQB® Venture Market, enhancing its visibility and accessibility for U.S. investors [1][3] - The company aims to discover gold resources through exploration and acquisition in Colombia's gold mining districts, focusing on three key projects [4] Company Overview - Quimbaya Gold Inc. is a gold exploration company that operates in Colombia, specifically in the Segovia, Puerto Berrio, and Abejorral regions [4] - The company is managed by an experienced team in the mining sector, emphasizing its commitment to high disclosure standards and disciplined execution [3][4] Market Context - The OTCQX Market is designed for established, investor-focused companies, requiring them to meet high financial standards and comply with securities laws [3] - Graduating to the OTCQX Market is a significant milestone for companies, allowing them to demonstrate qualifications and increase visibility among U.S. investors [3]
Lavras Gold Corp. Announces $10 million Public Offering
Globenewswire· 2026-01-21 21:22
Core Viewpoint - Lavras Gold Corp. has announced a bought deal offering of 2,942,000 common shares at C$3.40 per share, aiming to raise approximately C$10 million for project development and exploration activities [1][2]. Group 1: Offering Details - The offering price is set at C$3.40 per share, with total gross proceeds expected to be around C$10,002,800 [1]. - An over-allotment option allows underwriters to purchase an additional 441,300 shares within 30 days, potentially raising an extra C$1,500,420 if fully exercised [2]. - The offering is expected to close on or before January 29, 2026, subject to regulatory approvals [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for project development, exploration, resource drilling, and general corporate purposes [2]. Group 3: Regulatory and Access Information - The shares will be offered through a prospectus supplement to the base shelf prospectus filed in Canada, excluding Quebec [3]. - Access to the prospectus documents will be available on SEDAR+ within two business days [5].