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Rackla Metals is pleased to provide an update on warrant exercises and property holdings in the NWT
Thenewswire· 2025-09-24 11:00
Core Points - Rackla Metals Inc. announced the exercise of over 11 million warrants at $0.40 per share, generating proceeds of just over $4.4 million [1] - The company is awaiting drill results from the initial three holes at the Grad Project, expected after September 20 [2] - Rackla has expanded its land position in the Tombstone Gold Belt, increasing its claims significantly [3][4] Company Developments - The company staked an additional 15 mineral claims, expanding its landholdings from 7,525 hectares to 23,175 hectares [4] - The Grad property was expanded from 5,525 hectares to 8,625 hectares, and the Ogre Property from 2,000 hectares to 5,750 hectares [4] - The Lened property, which has a historic tungsten skarn resource estimated at 0.9 million tonnes grading 1.0% WO3, was also included in the expansion [3][4] Community Engagement - Rackla is committed to maintaining respectful relationships with the Sahtu Dene and Métis communities as it advances exploration activities [6]
Pelangio Exploration Announces Private Placement for Gross Proceeds up to $4,000,000
Newsfile· 2025-09-23 02:36
Core Viewpoint - Pelangio Exploration Inc. is conducting a non-brokered private placement to raise gross proceeds of up to $4,000,000, with each unit priced at $0.18, consisting of one common share and one half of a warrant [1][2]. Group 1: Offering Details - The offering will consist of units priced at $0.18 each, with each unit comprising one common share and one half of a warrant [1]. - Each whole warrant allows the holder to purchase one common share at a price of $0.31 for a period of two years from the initial closing date [1]. - The offering is subject to customary closing conditions, including regulatory approvals, and may close in multiple tranches, with the initial closing expected around October 9, 2025 [3]. Group 2: Use of Proceeds - The gross proceeds from the offering will be allocated for exploration, metallurgical work, land maintenance costs, working capital, and general corporate purposes [2]. Group 3: Insider Participation - Certain insiders may participate in the offering, which will be considered a related party transaction under Multilateral Instrument 61-101 [4]. - The company intends to rely on exemptions from formal valuation and minority approval requirements, as insider participation is not expected to exceed 25% of the company's market capitalization [4]. Group 4: Securities Regulations - The securities offered have not been registered under the U.S. Securities Act of 1933 and cannot be sold in the United States without registration or an exemption [5]. - The offering is intended for distribution in Canada only and is not meant for U.S. newswire services [10]. Group 5: Company Overview - Pelangio Exploration focuses on acquiring and exploring land packages in gold-rich areas, particularly in Ghana and Canada [7]. - The company has two 100% owned properties in Ghana, including the Manfo property and the Obuasi property, which is adjacent to a high-grade mine [7].
Rocky Shore Gold Announces Upsize of Private Placement
Globenewswire· 2025-09-19 11:00
Core Points - Rocky Shore Gold Ltd. has increased the size of its non-brokered private placement to raise up to $2,500,000 through the sale of units and flow-through shares, both priced at $0.05 each [1][2] - The proceeds from the units will be used for general corporate purposes, while the proceeds from the flow-through shares will be allocated to the exploration and advancement of the Gold Anchor Project [2] - The company has received approval from the Canadian Securities Exchange (CSE) for an extension to complete the offering, with plans to close the final tranche by October 17, 2025 [3] Company Overview - Rocky Shore Gold is a Canadian exploration company focused on major gold discoveries at its 100%-owned Gold Anchor Project, located in central Newfoundland, which is recognized as a promising gold belt [4] - The Gold Anchor Project covers over 1,200 square kilometers and is strategically positioned near significant gold discoveries and deposits, featuring numerous gold-bearing faults [4] - The company acknowledges financial support from the 2025 Junior Exploration Assistance Program by the Government of Newfoundland and Labrador [5]
Precore Gold Closes First Tranche of Private Placement
Globenewswire· 2025-09-18 20:01
Core Points - Precore Gold Corp. has completed the first tranche of a non-brokered private placement, raising gross proceeds of C$1,000,029.60 by selling 5,555,720 units at C$0.18 per unit [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with warrants exercisable at C$0.25 for 36 months [1] - The company plans to use the net proceeds for exploration work and working capital [2] - The first tranche included cash finder's fees of C$36,399.99 and is subject to a four-month hold period expiring on January 19, 2026 [2] - The second tranche of the private placement is expected to be completed by October 3, 2025, potentially raising a total of approximately C$2,000,000 [3] - Certain directors and officers subscribed for 213,500 units, which is considered a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [4] - Precore Gold is focused on building a portfolio of exploration projects with strong gold discovery potential in politically stable, mining-friendly jurisdictions [5]
Forge Resources Announces Phase 2 Diamond Drill Program at Alotta Project, Yukon
Newsfile· 2025-09-16 19:15
Forge Resources Announces Phase 2 Diamond Drill Program at Alotta Project, YukonSeptember 16, 2025 3:15 PM EDT | Source: Forge Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company) is pleased to announce the planned mobilization of crews for its Phase 2 diamond drill program, comprised of 2,100 metres across 7 holes averaging 300 metres in depth. Mobilization is scheduled for Septem ...
OTC Markets Group Welcomes First Nordic Metals Corp. to OTCQX
Globenewswire· 2025-09-12 11:00
Company Overview - First Nordic Metals Corp. is a Canadian-based gold exploration company focused on consolidating assets in Sweden and Finland, aiming to create Europe's next gold camp [4] - The company's flagship asset is the Barsele gold project in northern Sweden, which is a joint venture with Agnico Eagle Mines Limited [4] - First Nordic also owns additional project areas (Paubäcken, Storjuktan) surrounding the Barsele project, totaling approximately 80 km of strike coverage of the Gold Line greenstone belt [4] - In northern Finland, First Nordic holds a district-scale position covering the Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt [4] Market Transition - First Nordic Metals Corp. has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market [1][3] - Trading under the symbol "FNMCF," the transition to OTCQX is expected to expand the company's U.S. investor base [2][4] - The OTCQX Market is designed for established, investor-focused companies that meet high financial standards and corporate governance practices [3] Strategic Importance - CEO Taj Singh emphasized that graduating to the OTCQX market is pivotal for expanding drilling efforts in northern Sweden and increasing visibility among U.S. investors [4] - The move is aimed at building a strong long-term shareholder base and delivering a steady cadence of catalysts to a broader audience [4]
OTC Markets Group Welcomes First Nordic Metals Corp. to OTCQX
Globenewswire· 2025-09-12 11:00
Company Overview - First Nordic Metals Corp. is a Canadian-based gold exploration company focused on consolidating assets in Sweden and Finland, aiming to create Europe's next gold camp [4] - The company's flagship asset is the Barsele gold project in northern Sweden, which is a joint venture with Agnico Eagle Mines Limited [4] - First Nordic also owns additional project areas (Paubäcken, Storjuktan) surrounding the Barsele project, totaling approximately 80 km of strike coverage of the Gold Line greenstone belt [4] - In northern Finland, the company holds a district-scale position covering the Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt [4] Market Transition - First Nordic Metals Corp. has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market [1][3] - Trading under the symbol "FNMCF," the transition to OTCQX is expected to expand the company's U.S. investor base [2][4] - The OTCQX Market is designed for established, investor-focused companies that meet high financial standards and corporate governance practices [3] Strategic Importance - CEO Taj Singh emphasized that graduating to the OTCQX market is pivotal for expanding drilling efforts in northern Sweden and increasing visibility among U.S. investors [4] - The move is aimed at building a strong long-term shareholder base and delivering a steady cadence of catalysts to a broader audience [4]
Roscan Gold Announces Extension to Promissory Notes
Newsfile· 2025-09-11 14:23
Core Points - Roscan Gold Corporation intends to extend the maturity date of its outstanding secured subordinate promissory notes totaling $1,300,000 from September 11, 2025, to September 11, 2026 [1] - The proposed amendment is classified as a related party transaction, with insiders holding $700,000 of the principal amount of the notes [2] - The company is relying on exemptions from certain requirements of Multilateral Instrument 61-101 due to the fair market value of insider participation not exceeding 25% of the company's market capitalization [2] - The proposed amendment is subject to customary closing conditions and approvals from applicable securities regulatory authorities, including the TSX Venture Exchange [3] Company Overview - Roscan Gold Corporation is a Canadian gold exploration company focused on acquiring and exploring gold properties in West Africa [4] - The company has a significant land position with 100%-owned permits in an area with existing gold mines, including proximity to B2 Gold's Fekola Mine [4]
BULGOLD Announces Filing of Second Quarter Financial Results for the Three and Six Months Ended June 30, 2025
Globenewswire· 2025-08-22 11:30
Financial Performance - For the second quarter ended June 30, 2025, BULGOLD Inc. reported a net comprehensive loss of $114,537, equating to $0.00 per share [1] - For the six months ending June 30, 2025, the company incurred a net comprehensive loss of $152,428, or $0.01 per share [1] - As of June 30, 2025, BULGOLD had cash and cash equivalents amounting to $255,401 [1] Company Overview - BULGOLD Inc. is a gold exploration company focused on mineral exploration projects in Central and Eastern Europe [2] - The company controls 100% of three quartz-adularia epithermal gold projects located in Bulgaria and Slovakia: the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project [2] - Management believes that the company's assets have potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralization [2] Shareholder Information - As of June 30, 2025, BULGOLD had 27,597,928 issued and outstanding shares, with approximately 40.3% held by Founders, Directors, and Management [3]
Precore Gold Announces up to C$2 Million Private Placement
Globenewswire· 2025-08-21 09:00
Core Viewpoint - Precore Gold Corp. is initiating a non-brokered private placement to raise up to $2,000,000 for exploration and working capital purposes, with a focus on the Arikepay Project in Peru and other properties in Canada [1][3][4] Group 1: Private Placement Details - The private placement will consist of the sale of up to 11,111,111 units at a price of $0.18 per unit, each unit comprising one common share and one-half of a share purchase warrant [1] - Each warrant will allow the holder to purchase one additional common share at an exercise price of $0.25 for a period of 36 months [1] - The proceeds will be used for exploration work and working capital, with a four-month hold period on the issued securities [1] Group 2: Exploration Plans - The funds from the private placement will support an exploration program at the Arikepay Project in Peru, aiming to reaffirm historical drilling results and explore additional targets [3] - The company also plans to compile data on the Lac Big Rush property in Quebec and the Kimber property in British Columbia to outline future exploration programs [3] Group 3: Company Overview - Precore Gold Corp. is a Canadian junior gold exploration company focused on building a portfolio of exploration projects with strong gold discovery potential [4] - The company aims to capitalize on opportunities in politically stable, mining-friendly jurisdictions with promising properties and historical drilling results [4] - Precore Gold is committed to environmental, social, and corporate governance (ESG) standards in its operations [4]