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Signature Resources Announces Option Grant to the Board, Management and Advisors
Newsfile· 2025-10-17 22:21
Core Points - Signature Resources Ltd. has granted a total of 2,400,000 incentive stock options to its Board, Management, and Advisors, with an exercise price of $0.055 and a five-year expiration period [1][2] - The options vest 25% immediately and 25% annually until the third anniversary, and are the only form of compensation for non-executive directors [1] Company Overview - Signature Resources is a Canadian advanced stage exploration company focused on the Lingman Lake gold deposit in the Red Lake district of Northwestern Ontario [3] - The Lingman Lake property consists of approximately 24,821 hectares, including 1,274 single-cell and 13 multi-cell staked claims, and has a historical underground mine structure [3] - The initial mineral resource estimate includes an indicated 95,200 ounces of gold at an average grade of 1.38 g/t and an inferred 674,320 ounces at an average grade of 1.14 g/t, based on a cutoff grade of 0.30 g/t [3] - The company aims to expand the known mineralized envelope using its 100% owned diamond drilling rigs [3] - A new 115kV high tension transmission line was energized by Wataynikaneyap Power within 40 km of the historic Lingman Lake Mine in November 2023 [3]
First Nordic Provides Corporate Update
Newsfile· 2025-10-17 21:00
Core Points - First Nordic Metals Corp. is acquiring Mawson Finland Limited through a plan of arrangement and is providing bridge financing of up to $1,000,000 to Mawson for transaction-related costs and working capital [1][2] - The loan accrues interest at 8% per annum and is due on January 30, 2026, if the transaction does not close by then, with an expected closing in mid-December 2025 [2] - The company will issue C$1.0 million in common shares to Taj Singh as part of his retirement package, with shares priced at C$0.38 each, subject to TSXV approval [3] Company Overview - First Nordic Metals Corp. is a Canadian gold exploration company focused on consolidating assets in Sweden and Finland, aiming to establish a significant gold camp in Europe [4] - The flagship asset is the Barsele gold project in northern Sweden, in joint venture with Agnico Eagle Mines Limited, alongside additional projects totaling approximately 80,000 hectares [4] - The company also holds a district-scale position in northern Finland covering the Oijärvi greenstone belt, which includes the Kylmäkangas deposit, the largest known gold occurrence in that area [4]
Lancaster Resources Completes Maiden NI 43-101 Technical Report at Lake Cargelligo Gold Project, Australia - Milestone Achieved As Gold Hits $4,300 per ounce
Globenewswire· 2025-10-17 12:00
Core Insights - Lancaster Resources Inc. has completed and filed its maiden National Instrument 43-101 Technical Report for the Lake Cargelligo Gold Project in New South Wales, Australia, coinciding with a surge in gold prices to an all-time high of US$4,300 per ounce, indicating strong global demand for exploration assets in stable jurisdictions [1][2][3]. Company Overview - Lancaster Resources Inc. is a Canadian exploration company focused on advancing a portfolio of critical mineral and gold projects in established mining jurisdictions, holding a 100% interest in the Lake Cargelligo Gold Project, which spans over 62,300 hectares [8][10]. Technical Report Highlights - The independent NI 43-101 Technical Report, prepared by Geos Mining, emphasizes the strong geological potential of the Lake Cargelligo Gold Project and outlines a clear roadmap for future exploration [5][6]. - Historical drilling results indicate significant exploration potential, with channel intercepts reported up to 16 meters at 5.83 grams per tonne (g/t) gold and 7.20 g/t silver, and rock sampling showing up to 204 g/t gold and 273 g/t silver [9]. - The report identifies multiple mineralization opportunities, including large-scale shear-hosted gold mineralization and orogenic-style gold hosted by quartz veins [9]. Exploration Strategy - The company plans to advance its exploration program, which includes recommendations for a Phase I exploration program involving geophysics, geochemistry, and initial drilling [9].
Lodestar Metals Upsizes Private Placement to $1M and Announces Completion of Strategic Share Consolidation
Newsfile· 2025-10-16 00:07
Group 1 - Lodestar Metals Corp. has increased its private placement offering from C$500,000 to C$1,000,000 due to strong investor demand [1] - The offering is priced at C$0.075 per Post-Consolidation Unit, allowing for the issuance of up to 13,333,333 Post-Consolidation Units [1][2] - Each Post-Consolidation Unit consists of one common share and one-half share purchase warrant, with the warrant allowing the purchase of an additional share at C$0.12 for two years [2] Group 2 - The company will pay finders a fee of 6% in cash and 6% in share purchase warrants, with securities subject to a six-month resale restriction [3] - Proceeds from the offering will be allocated for exploration and drilling on the Goldrun Project in Nevada and for working capital [3] - The offering is subject to acceptance by the TSX Venture Exchange [3] Group 3 - A strategic share consolidation will take effect on October 20, 2025, at a ratio of two pre-consolidation shares to one post-consolidation share [4] - Following the consolidation, the company will have 23,668,250 shares issued and outstanding [4] - Registered shareholders will receive a letter of transmittal with instructions for exchanging their share certificates [5] Group 4 - Lodestar Metals Corp. is focused on advancing the Goldrun Project in Nevada, which is strategically located on a major gold trend [7] - The company aims to build a compliant gold resource that delivers lasting shareholder value through a disciplined approach [7]
First Nordic Closes C$68 Million Upsized Non-Brokered Private Placement and C$12 Million Brokered Private Placement
Newsfile· 2025-10-15 17:15
Core Viewpoint - First Nordic Metals Corp. has successfully closed a non-brokered private placement and a brokered private placement, raising approximately C$80 million in total gross proceeds [1] Group 1: Private Placements - The non-brokered private placement raised approximately C$68 million by issuing 178,947,368 subscription receipts at a price of C$0.38 each [2] - The brokered private placement, led by Desjardins Capital Markets, raised approximately C$12 million by issuing 31,578,947 subscription receipts at the same offering price [3] Group 2: Transaction Details - First Nordic has entered into an arrangement agreement to acquire all common shares of Mawson Finland Limited, with the transaction expected to close in December 2025, pending shareholder and regulatory approvals [4][11] - Subscription receipts from both placements will convert into common shares of NordCo Gold, subject to a 4:1 consolidation prior to the transaction's completion [5] Group 3: Use of Proceeds - Proceeds from the offerings will be allocated for exploration programs, transaction costs, and general corporate purposes, with funds held in escrow until certain conditions are met [6] Group 4: Fees and Commissions - First Nordic will pay finder's fees totaling C$258,000 and issue 1,091,273 shares to finders for the non-brokered placement, along with a cash commission of C$720,000 to agents for the brokered placement [7] Group 5: Company Overview - First Nordic Metals Corp. is focused on gold exploration in Sweden and Finland, with significant assets including the Barsele gold project and a district-scale position in the Oijärvi greenstone belt [12]
Forrestania announces conditional scrip takeover bid for Kula Gold
Yahoo Finance· 2025-10-15 11:16
Core Viewpoint - Forrestania Resources has made a conditional scrip takeover bid for Kula Gold, valuing Kula at a 41% premium based on its ten-day volume-weighted average price as of October 10 [1]. Group 1: Takeover Bid Details - The bid proposes an exchange of one Forrestania share for every 5.6 shares of Kula Gold [1]. - The directors of Forrestania believe that the bid allows Kula Gold shareholders to benefit from the Mt Palmer Gold Project more quickly than if Kula pursued development independently [2]. - The board has unanimously advised Kula Gold shareholders to accept the offer, contingent on no superior proposals emerging [2]. Group 2: Bid Implementation Agreement - Kula Gold is restricted from seeking competing offers during the bid period as per the bid implementation agreement [3]. - Forrestania is required to extend the offer for existing Kula options and provide compensation in the form of Forrestania shares for any outstanding options [3]. - The offer is subject to standard conditions, including a minimum acceptance requirement and no material adverse changes [3]. Group 3: Strategic Implications - Forrestania's chairman stated that the transaction represents a natural progression in consolidating exploration portfolios within a prolific gold belt in Western Australia [4]. - The acquisition is expected to enhance Forrestania's regional presence and strengthen its position as a focused gold growth company [5]. - Kula Gold's chairman expressed confidence that the consolidation will be highly value-accretive for Kula Gold shareholders, providing economies of scale [5]. Group 4: Recent Developments - Kula Gold recently formed a joint venture to explore the Wozi Niobium Project in Malawi, holding a 75% stake [6].
Pelangio Exploration Announces First Tranche Closing of Private Placement for Gross Proceeds of $3,462,600
Newsfile· 2025-10-10 00:11
Core Viewpoint - Pelangio Exploration Inc. has successfully closed the first tranche of its upsized non-brokered private placement, raising gross proceeds of approximately $3,462,600 through the issuance of common shares at a price of $0.18 per share [1][2]. Group 1: Private Placement Details - The company issued a total of 19,236,668 common shares as part of the offering [2]. - The private placement was increased from an initial target of $4,000,000 to $4,500,000 [3]. - Each unit in the offering consists of one common share and one half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at a price of $0.31 for two years [3]. Group 2: Finder's Fees and Compliance - In connection with the closing, the company paid finder's fees totaling $183,402 in cash and issued 1,018,901 non-transferrable warrants to finders [4]. - Each Finder Warrant allows the purchase of one common share at a price of $0.18 for a period of twenty-four months from the initial closing date [4]. - The private placement remains subject to final approval from the TSX Venture Exchange [4]. Group 3: Company Overview - Pelangio Exploration focuses on acquiring and exploring land packages in gold-rich regions, particularly in Ghana and Canada [6]. - 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 [6].
Imperial Ginseng Provides Further Update on Transaction with One Bullion
Globenewswire· 2025-10-09 12:30
Core Viewpoint - Imperial Ginseng Products Ltd. is progressing with a reverse takeover transaction involving One Bullion Limited, which is a gold exploration company based in Ontario, Canada [1][2] Transaction Details - The transaction has received conditional approval from the TSX Venture Exchange (TSXV) and will result in the combined entity being listed as a Tier 2 Mining Issuer [2] - The transaction is structured as a three-cornered amalgamation without court approval, involving a consolidation of shares at a ratio of one new share for every 1.25 old shares [5] - The closing date for the transaction has been extended from September 30, 2025, to November 28, 2025 [4] Financing Aspects - One Bullion plans to conduct a brokered concurrent financing of 13,888,888 to 27,777,777 subscription receipts at a price of $0.36 each, aiming to raise between $5 million and $10 million [8] - The net proceeds from the concurrent financing will be allocated for general working capital purposes [12] Shareholder Structure Post-Transaction - Following the transaction, approximately 179,770,596 common shares of the resulting issuer are expected to be outstanding, with about 88.8% held by former One Bullion shareholders [13] Regulatory and Compliance Information - The TSXV has waived the sponsorship requirements for the transaction [14] - The completion of the transaction is subject to final TSXV acceptance and satisfaction of certain closing conditions [18]
Fortuna expands West African presence, forms exploration alliance in Guinea with DeSoto Resources
Globenewswire· 2025-10-02 09:00
Core Viewpoint - Fortuna Mining Corp. has entered into a binding Heads of Agreement with DeSoto Resources Limited to form an exploration alliance and joint venture in the Siguiri Basin of Guinea, which is known for its potential to host multi-million-ounce gold deposits [1][2]. Company Overview - Fortuna Mining Corp. is a Canadian precious metals mining company operating three mines and holding exploration projects in Argentina, Côte d'Ivoire, Mexico, Peru, and Senegal [4]. - The company emphasizes sustainability in its operations, focusing on efficient production, environmental stewardship, and social responsibility [4]. Joint Venture Details - The agreement establishes a new joint venture company (JVCo) to apply for and acquire new mining permits in targeted areas [6]. - The joint venture will have a board of up to four directors, with two from each party, and the majority partner will hold a casting vote [6]. - The project generation phase will last 36 months, focusing on identifying significant discoveries, termed "Go Projects" [6]. - Once a Go Project is identified, the joint venture will transition into a formal agreement where Fortuna will hold 70% and DeSoto 30%, with Fortuna funding exploration until either three years have passed or US$12.5 million has been spent [6]. DeSoto Resources Limited Overview - DeSoto Resources Limited is an Australian-listed gold exploration company with a focus on Guinea [3]. - The management team of DeSoto has a successful track record in West African exploration, including the discovery of a 5.4-million-ounce gold project [3]. Exploration Potential - The Siguiri Basin in Guinea is highlighted for its historical mining activity and potential for significant gold deposits, making it an attractive area for exploration [2].
BULGOLD Announces Grant of Stock Options
Globenewswire· 2025-09-30 21:05
Core Points - BULGOLD Inc. has granted stock options to purchase up to 2,160,000 common shares at an exercise price of C$0.15 per share, valid for five years [1] - The stock options will vest in three phases: one-third immediately, one-third after one year, and one-third after two years [1] - The options have been allocated to directors, officers, employees, and consultants under the company's stock option plan, pending regulatory approval [2] 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 [3] - 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 [3] Shareholder Information - As of August 31, 2025, BULGOLD had 49,132,335 issued and outstanding shares, with approximately 28.3% held by founders, directors, and management [4]