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Pelangio Exploration Announces Receipt of $1,395,933 in Proceeds from Warrant Exercise
TMX Newsfile· 2025-12-23 22:30
Core Viewpoint - Pelangio Exploration Inc. has raised gross proceeds of $1,395,933.35 through the exercise of 27,918,667 common share purchase warrants at an exercise price of $0.05 per warrant, which will be used to advance its projects and for general working capital [1][2]. Group 1: Financial Details - The company received gross proceeds of $1,395,933.35 from the exercise of 27,918,667 common share purchase warrants [1]. - The exercise price for the warrants was set at $0.05 each [1]. Group 2: Use of Proceeds - The proceeds will be allocated towards advancing the company's projects and for general working capital and corporate purposes [2]. - The company plans to continue work across its Ghana and Canadian portfolios [2]. Group 3: Company Overview - Pelangio Exploration Inc. focuses on acquiring and exploring land packages in gold-rich regions, specifically in Ghana and Canada [3]. - In Ghana, the company is exploring two 100% owned properties: the 100 km² Manfo property, which has eight near-surface gold discoveries, and the 284 km² Obuasi property, located near AngloGold Ashanti's high-grade Obuasi Mine [3].
Tajiri Resources Announces Results of AGM
TMX Newsfile· 2025-12-22 21:07
Core Viewpoint - Tajiri Resources Corp. held its Annual General Meeting of Shareholders on December 22, 2025, where significant corporate governance decisions were made, including the appointment of key officers and the ratification of a new stock option plan [1][4]. Group 1: Corporate Governance - Shareholders unanimously appointed Mr. Graham Keevil as President and Chief Executive Officer and Mr. Bilal Bhamji as Chief Financial Officer until the next AGM [1]. - The board of directors was authorized to fix the remuneration of the newly appointed auditor, De Visser Gray LLP, for the financial year ending April 30, 2026 [4]. - The Company ratified and approved a new 10% rolling stock option plan [4]. Group 2: Company Overview - Tajiri Resources Corp. is a junior gold exploration and development company with assets located in Guyana, South America, aiming to generate high returns for shareholders through exploration and discovery [2]. - The management team has over 100 years of combined experience, including 40 years specifically in Guyana, and a successful track record of discovering approximately 20 million ounces of gold in various regions [2].
Mineral Road to Acquire Additional Interest in Golcap Resources
TMX Newsfile· 2025-12-22 21:05
Core Viewpoint - Mineral Road Discovery Inc. has announced an agreement to acquire an additional 2,000,000 shares of Golcap Resources Corp., representing 6.2% of GCP, in exchange for 5,000,000 units of ROAD, valued at $0.10 per unit [1] Group 1: Acquisition Details - The acquisition involves a Share Purchase Agreement with a related party seller, controlled by a director of the Company [2] - Each ROAD unit consists of one common share and one share purchase warrant, allowing the holder to purchase one common share of ROAD at an exercise price of $0.20 for the next two years [1] - The transaction is classified as a "related party transaction" under Multilateral Instrument 61-101, with exemptions from formal valuation and minority shareholder approval requirements due to the transaction's fair market value not exceeding 25% of the Company's market capitalization [2] Group 2: Regulatory and Compliance - The closing of the acquisition is subject to the Company's filing requirements with the Canadian Securities Exchange (CSE) and may require CSE approval [3] - The common shares and warrants issued will be subject to a four-month hold period in accordance with applicable securities laws [3]
Roscan Gold Announces Fully Subscribed C$1.5 Million Note Financing Led by Strategic Investor and Board Director Michael Gentile
TMX Newsfile· 2025-12-18 15:08
Financing Announcement - Roscan Gold Corporation has entered into a binding term sheet for a fully subscribed financing of C$1.5 Million through a private placement of a secured convertible note with a group of investors [1] - The secured convertible note will carry a 12% coupon over a one-year term with a conversion price of C$0.15 per common share [1][2] - Certain management and directors, including Michael Gentile, have committed to participate in the private placement for a total of C$1.5 Million, with Gentile contributing C$700,000 [1] Use of Proceeds - Gross proceeds from the private placement will be used for general working capital purposes [2] Company Transition - The President & CEO of Roscan Gold stated that the financing is timely as the company approaches the final phase of its permitting process, marking a transition from an explorer to a developer [3] - This transition is expected to support a meaningful re-rating of the company [3] Company Overview - Roscan Gold Corporation is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa [4] - The company has a significant land position of 100%-owned permits in an area with producing gold mines, including B2Gold's Fekola Mine [4]
Beauce Gold Fields Achieves 88% Drill Success Rate at the Grondin Zone. 3-D Interpretation Confirms 600 M Mineralized Corridor
Thenewswire· 2025-12-17 13:35
Core Insights - Beauce Gold Fields has achieved a significant milestone with the completion of a Leapfrog™ 3-D geological model for the Grondin Zone, enhancing the understanding of its gold-bearing structures [1][2][10] - The model integrates drill data from 2023 and 2025, providing a three-dimensional visualization of the antiform-saddle reef mineralized system, which has been traced over an 8-km geophysical signature [1][4] - The company reported an impressive 88% drill success rate across its recent campaigns, significantly higher than the typical 20-40% success rate for early-stage gold exploration [5][7] Geological Model Highlights - The 3-D model incorporates various geological data, including digitized drill sections, gold assay intervals, and lithological logs, resulting in a high-resolution visualization of the mineralized system [4][10] - Gold-bearing intervals range from 0.200 ppm to 11 ppm, with a mineralized strike length of 600 meters confirmed [4][5] - The model indicates mineralization extends to depths of approximately 40 meters and remains open along strike and at depth [5][10] Drill Results - A total of 14 out of 16 drill holes returned gold grades of 0.3 g/t Au or higher, confirming the presence of a robust, continuous mineralized corridor [7][8] - Detailed drill results from 2023 and 2025 show various intervals with significant gold concentrations, including notable assays of 11.4 g/t and 8.85 g/t [6][8] - The company plans to utilize the new model to refine drill targeting for the upcoming winter campaign [2][11] Future Exploration Plans - The company intends to deploy a borehole televiewer to determine the precise dip and orientation of gold-bearing structures, which will aid in optimizing deeper drilling efforts [10] - Upcoming exploration will focus on step-out drilling to test lateral continuation along the 600-meter corridor and deeper drilling beyond the confirmed vertical extent of mineralization [11][12] - Integration of new geophysical, geochemical, and historical data sets will further enhance exploration strategies [11][12]
Dryden Gold Provides an Update on Warrant Exercise Including EuroPac Gold Fund and Delbrook Capital Advisors
TMX Newsfile· 2025-12-15 11:30
Core Points - Dryden Gold Corp. has reported that 14,681,130 out of 38,489,148 warrants have been exercised, generating gross proceeds of $4,404,339 [1] - The exercised warrants are priced at $0.30 and will expire on December 28, 2025 [1] - Following the warrant exercises, the company has 207,960,506 common shares outstanding [1] Shareholder Activity - EuroPac Gold Fund has exercised 7,300,000 warrants, increasing its total shareholding to 12,350,000 shares, representing 5.94% of the outstanding shares [2] - Delbrook Capital Advisors has exercised 6,829,270 warrants, bringing its total shareholding to 23,553,205 shares, or 11.33% of the outstanding shares [2] - The Board of Directors has approved Delbrook Capital Advisors as an insider of the company [2] Financial Outlook - The company currently has a treasury of $8,800,000, which will support an expanded exploration program in 2026 [4] - There is potential for additional warrants to be exercised before the expiration date, which could further enhance the company's treasury [4] Company Overview - Dryden Gold Corp. is focused on discovering high-grade gold mineralization and is listed on the TSX Venture Exchange, OTCQB, and Frankfurt Exchange [6] - The company controls a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario, which includes historic gold mines with limited modern exploration [6] - The property has high-grade gold mineralization over a potential strike length of 50 km along the Manitou-Dinorwic deformation zone and benefits from excellent infrastructure and relationships with First Nations communities [6]
BULGOLD Provides Exploration Update on the Lutila Gold Project
Globenewswire· 2025-12-12 12:15
Core Viewpoint - BULGOLD Inc. has completed exploration diamond drilling on the Lutila Gold Project in Central Slovakia, indicating progress in its mineral exploration efforts [1][4]. Group 1: Exploration Details - The company completed two diamond drill holes: one at the Horna Klapa target area reaching a depth of 541.7 meters and another at the newly discovered Kopernica vein system reaching 645.6 meters [2]. - Samples from the drilling have been sent to SGS Burgas in Bulgaria for analysis, with results expected to be released in early 2026 [3]. Group 2: Company Overview - BULGOLD is focused on gold exploration and development in Central and Eastern Europe, controlling 100% of three quartz-adularia epithermal gold projects in Slovakia and Bulgaria [4]. - The company believes its assets have potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralization [4]. Group 3: Shareholder Information - As of September 30, 2025, BULGOLD had 49,132,335 issued and outstanding shares, with approximately 28.3% held by founders, directors, and management [5].
Cosigo Resources Announces Private Placement And Assembles A Pulverization Mill And Camp Level Metallurgical Gravity Lab
Thenewswire· 2025-12-10 19:50
Core Viewpoint - Cosigo Resources Ltd. is initiating a Private Placement to raise up to CAD$1,000,000, with units priced at CAD$0.08 and warrants at CAD$0.15, aimed at funding exploration activities and general working capital [1][4]. Group 1: Private Placement Details - The Private Placement will consist of units priced at CAD$0.08, with each unit including a full warrant priced at CAD$0.15, allowing the purchase of additional shares for 60 months [1]. - The offering is non-brokered and subject to a statutory hold period of four months and a day from the closing date, requiring approval from the TSX Venture Exchange [2]. - Insiders of the Company will participate in the placement, which is classified as a related party transaction under MI 61-101, relying on specific exemptions from formal valuation and minority shareholder approval [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for prospecting, mapping, and sampling on the Taraira property and Willow Creek Nevada property, as well as for general working capital [4]. Group 3: Equipment and Operations - The Company is nearing completion of its on-site sample pulverization mill and metallurgical gravity laboratory, which will enhance its ability to process samples and prioritize drill targeting [5][6]. - The equipment includes a motorized sluice channel system for extracting larger gold nuggets and a Falcon-type enhanced gravity centrifuge system for processing smaller samples [5]. - The Company owns 100% of the capital assets, with 90% of the equipment already on-site or within the country, aiming for a fully operational mill and laboratory by January 15th [5]. Group 4: Company Overview - Cosigo Resources Ltd. is a junior exploration company focused on gold exploration in the Taraira District of Colombia and holds interests in properties in Nevada and diamond exploration in Canada [8].
Metals Creek Files for Final Approval, Closes Second Tranche of Private Placement Financing
Newsfile· 2025-12-10 13:01
Core Viewpoint - Metals Creek Resources Corp. has filed for final approval of its private placement financing and has successfully closed the second tranche of this financing, raising a total of $663,500 through the issuance of flow-through and non-flow-through units [1][2][3]. Financing Details - The second tranche involved the issuance of 1,400,000 flow-through units at $0.04 each, contributing to a total of 10,025,000 flow-through units and 7,500,000 non-flow-through units across both tranches [2]. - Each flow-through unit consists of one common share and half a common share purchase warrant, with full warrants exercisable at $0.06 for two years [2]. - The non-flow-through units consist of one common share and one common share purchase warrant, with warrants exercisable at $0.06 for five years [2]. Use of Proceeds - Proceeds from the financing will be allocated for exploration activities on the company's properties in Newfoundland and Ontario, specifically targeting the Ogden project [4]. Company Background - Metals Creek Resources Corp. is a junior exploration company based in British Columbia, with its shares traded on the TSX Venture Exchange under the symbol "MEK" [5]. - The company holds a 50% interest in the Ogden Gold Property, which includes the former Naybob Gold mine, located south of Timmins, Ontario [5].
Spanish Mountain Gold (CVE:SPA) Shares Down 14.8% – What’s Next?
Defense World· 2025-12-07 07:52
Spanish Mountain Gold Ltd. (CVE:SPA – Get Free Report) shares traded down 14.8% during mid-day trading on Friday . The stock traded as low as C$0.23 and last traded at C$0.23. 1,669,179 shares changed hands during mid-day trading, an increase of 229% from the average session volume of 507,406 shares. The stock had previously closed at C$0.27. Get Spanish Mountain Gold alerts: Wall Street Analyst Weigh InSeparately, Atrium Research upgraded shares of Spanish Mountain Gold to a “strong-buy” rating in a resear ...