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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
Group 1 - Spanish Mountain Gold has been upgraded to a "strong-buy" rating by Atrium Research, with an average rating of "Strong Buy" according to MarketBeat [1] - The company has a market capitalization of C$117.73 million, a P/E ratio of -24.00, and a beta of 1.28 [2][3] - Spanish Mountain Gold has a debt-to-equity ratio of 0.26, a quick ratio of 3.03, and a current ratio of 5.99 [2][3] Group 2 - The firm has a 50-day moving average of C$0.16 and a 200-day moving average of C$0.16 [2] - During mid-day trading, shares of Spanish Mountain Gold decreased by 14.8%, trading as low as C$0.23, with a trading volume increase of 229% from the average session volume [5] - The company holds a 100% interest in the Spanish Mountain gold project, which includes approximately 50 contiguous mineral claims and 13 placer claims covering around 10,414 hectares in British Columbia [3]
Dynasty Gold Closes Non-Brokered Financing
Newsfile· 2025-12-05 23:38
Core Viewpoint - Dynasty Gold Corp. is set to close a non-brokered private placement for total gross proceeds of $751,800, which will support its current drill program and the 2026 exploration program [1] Summary by Sections Private Placement Details - The company received subscriptions for 1,255,555 units of non-flow-through common shares, generating proceeds of $226,000. Each unit consists of one common share priced at $0.18 and one-half common share purchase warrant, with whole warrants allowing purchase of one common share at $0.30 for 24 months [2] - The flow-through financing includes 2,390,000 units for proceeds of $525,800. Each flow-through unit consists of one flow-through share at $0.22 and one-half common share purchase warrant, with whole warrants allowing purchase of one non-flow-through common share at $0.33 for 24 months [3] Use of Proceeds - Gross proceeds from the flow-through offering will be allocated to incur "Canadian exploration expenses" related to the Thundercloud gold project in Ontario, with proceeds renounced to subscribers by December 31, 2025 [4] Company Overview - Dynasty Gold Corp. is a Canadian mineral exploration company focused on gold exploration in North America, particularly the Thundercloud property in Ontario and the Golden Repeat project in Nevada [6]
Aben Gold Signs Option Agreement with Kingfisher Metals for Forrest Kerr Project in the Golden Triangle
Globenewswire· 2025-12-04 10:00
Core Viewpoint - Aben Gold Corp. has entered into an option agreement with Kingfisher Metals Corp. for Kingfisher to acquire a 100% interest in the Forrest Kerr Project over a three-year period, involving a total commitment of CAD $2.7 million in cash and shares [1][2]. Agreement Details - The option agreement allows Kingfisher to earn 100% interest in the Forrest Kerr Project by making cash payments and issuing shares totaling CAD $2.7 million over three years [2]. - The cash payment schedule includes: - CAD $150,000 on the closing date - CAD $150,000 within six months - CAD $200,000 within twelve months - CAD $700,000 within thirty-six months - The share issuance will total CAD $1.5 million, with the deemed price being the higher of the 5-day VWAP or the last closing price less a maximum allowable discount of 25% [3]. Project and Company Focus - Aben Gold will receive CAD $2.7 million in cash and shares, allowing the company to focus on its flagship Justin Gold Project in Yukon, while Kingfisher will operate the Forrest Kerr Project during the option period [4][5]. - Kingfisher Metals Corp. is focused on copper-gold exploration in the Golden Triangle of British Columbia and has consolidated a significant land position in the region [5]. Company Background - Aben Gold Corp. is a Canadian gold exploration company with projects in Yukon and British Columbia, aiming to increase shareholder value through new discoveries [7]. - The company has 23.2 million shares outstanding [8].