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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]
Lodestar Metals Announces $500,000 Private Placement, Strategic Share Consolidation and Strengthened Leadership Team
Newsfile· 2025-09-29 11:35
Core Viewpoint - Lodestar Metals Corp. is undertaking a private placement of up to C$500,000 to strengthen its balance sheet and enhance its exploration efforts in Nevada's gold sector [1][2][3] Private Placement Details - The company plans a non-brokered private placement of up to 6,666,666 post-consolidation units at a price of C$0.075 per unit, aiming for gross proceeds of up to C$500,000 [1][7] - Each post-consolidation unit will consist of one common share and one-half share purchase warrant, with the warrant allowing the purchase of an additional share at $0.12 for two years [2][3] Share Consolidation - Lodestar will consolidate its shares at a ratio of two pre-consolidated shares to one post-consolidated share, reducing the total from 47,336,500 to 23,668,250 shares [4][5][7] - The consolidation aims to improve the capital structure and attract long-term investors [4][7] Leadership Team Enhancement - The company has appointed Randene Seeman as a new Director and Doug Engdahl as a Strategic Advisor, enhancing the leadership team's expertise [8][9] - Seeman brings over 25 years of experience in mining and resource sectors, while Engdahl has over 20 years of geological experience [9][12][13] Use of Proceeds - Proceeds from the private placement will be allocated for exploration and drilling on the Goldrun Project in Nevada, as well as for working capital [3][16] Engagement of Financial Advisor - Lodestar has engaged Jemini1 Finance Inc. for investor outreach and financing support, with a four-month term and a monthly fee of C$5,000 [14]
OTC Markets Group Welcomes Radisson Mining Resources Inc. to OTCQX
Globenewswire· 2025-09-25 11:00
Core Insights - Radisson Mining Resources Inc. has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market, which signifies an important milestone for the company [1][3] - The company begins trading under the symbol "RMRDF" and U.S. investors can access its financial disclosures and real-time quotes on the OTC Markets website [2] - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices, enhancing visibility among U.S. investors [3] Company Overview - Radisson Mining Resources Inc. is focused on gold exploration, particularly its 100% owned O'Brien Gold Project located in the Bousquet-Cadillac mining camp in Abitibi, Québec [4] - A Preliminary Economic Assessment from July 2025 indicates a low-cost, high-value project with an 11-year mine life and significant upside potential, supported by existing regional infrastructure [4] - The indicated mineral resources are estimated at 0.58 million ounces (2.20 million tonnes at 8.2 g/t Au), with additional inferred mineral resources of 0.93 million ounces (6.67 million tonnes at 4.4 g/t Au) [4] Industry Context - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, providing a data-driven disclosure standard for public markets [5] - The OTCQX Best Market, along with other markets like OTCQB and Pink Limited Market, offers companies efficient access to U.S. financial markets [5]
Pelangio Exploration Increases Size of Previously Announced Private Placement up to $4,500,000
Newsfile· 2025-09-24 15:29
Core Viewpoint - Pelangio Exploration Inc. has increased the size of its non-brokered private placement from gross proceeds of up to $4,000,000 to $4,500,000 due to additional demand [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 common share purchase warrant [2] - Each whole warrant allows the holder to purchase one common share at $0.31 for two years from the initial closing date [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 [3] Closing Conditions - The Offering is subject to customary closing conditions, including necessary corporate and regulatory approvals, with the initial closing expected around October 9, 2025 [4] - The securities issued will have a hold period of four months and one day in accordance with Canadian securities laws [4] Finder's Fee - The Company may pay a cash finder's fee of up to 7% of the gross proceeds and may issue non-transferable common share purchase warrants to finders [5] Insider Participation - Certain insiders may participate in the Offering, which will be considered a "related party transaction" under Multilateral Instrument 61-101 [6] Company Overview - Pelangio Exploration focuses on acquiring and exploring land packages in gold-rich areas, particularly in Ghana and Canada, with notable properties including the Manfo and Obuasi properties [8]
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, 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]