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Metals Creek Resources Corp. Files with the TSXV, Closes First Tranche of Private Placement
Newsfile· 2025-11-19 02:05
Core Viewpoint - Metals Creek Resources Corp. has received conditional approval from the TSX Venture Exchange for a non-brokered private placement aimed at raising up to $1,000,000 through the issuance of flow-through and non-flow-through units [1][4]. Financing Details - The company plans to issue up to 12,500,000 flow-through units at a price of $0.04 per unit and up to 14,285,714 non-flow-through units at a price of $0.035 per unit, totaling up to $1,000,000 in proceeds [2]. - Each flow-through unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant, with the whole warrant allowing the purchase of one additional common share at an exercise price of $0.06 for 24 months [2]. - Each non-flow-through unit consists of one non-flow-through common share and one non-flow-through common share purchase warrant, with the warrant allowing the purchase of one additional common share at an exercise price of $0.06 for 60 months [2]. Financing Progress - The company has closed the first tranche of the financing, issuing 7,500,000 non-flow-through units and 8,625,000 flow-through units, resulting in gross proceeds of $607,500 [3]. Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration on the company's properties in Newfoundland and Ontario, including the Ogden Gold Project, ensuring that these expenses qualify as "flow-through mining expenditures" under the Income Tax Act (Canada) [5]. Company Overview - Metals Creek Resources Corp. is a junior exploration company incorporated in British Columbia, listed on the TSX Venture Exchange under the symbol "MEK" [6]. - The company holds a 50% interest in the Ogden Gold Property, which includes the past-producing Naybob Gold mine, located 6 km south of Timmins, Ontario [7].
Gold Hunter Closes First Tranche of Financing to Fund District-Scale Exploration Program
Newsfile· 2025-07-16 11:30
Core Viewpoint - Gold Hunter Resources Inc. has successfully closed the first tranche of a non-brokered private placement financing, raising a total of $652,774, which will be utilized for exploration activities, including a VTEM airborne survey [1][4][10] Financing Details - The first tranche included flow-through units consisting of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.12 for 12 months [1] - Hard dollar units were also issued, comprising one common share and one share purchase warrant, with each warrant allowing the purchase of an additional common share at $0.12 for 24 months [2] - Finder's fees of $35,041.15 were paid, and 402,555 broker warrants were issued, each allowing the purchase of one common share at $0.12 for 24 months [3] Use of Proceeds and Operational Update - Proceeds from the financing will be immediately deployed to commence a VTEM airborne survey, which is expected to enhance the exploration potential of the company's consolidated land package [4][10] - The VTEM program will cover a total area of 26,237 hectares, integrating new and existing data to create a comprehensive dataset for exploration [5][10] Strategic Advantages - The timing of the VTEM program has been advantageous, allowing for the expansion of the survey to include newly consolidated mineral tenure, which enhances the exploration strategy [5][6] - The high-resolution survey is expected to provide a strong pipeline of high-priority drill targets, supported by integrated multi-disciplinary data [6] Next Steps and Future Plans - The company plans to complete one additional tranche of financing by the end of July, which will fund an initial drilling campaign targeting high-priority anomalies identified by the VTEM survey [7] - The VTEM survey will be followed by geological mapping, prospecting, and sampling to validate and prioritize targets [8][9] Management Commentary - The President & CEO emphasized that the completion of the VTEM survey and the funding from the first tranche will enable a disciplined exploration strategy, generating technical catalysts while preserving flexibility [10]
Trident Resources Announces Appointment of Canadian Mining Hall of Famer Ron Netolitzky as a Strategic Advisor
Globenewswire· 2025-05-22 11:00
Core Viewpoint - Trident Resources Corp. has appointed renowned geologist Ronald Netolitzky as an advisor to enhance its exploration efforts in the La Ronge Gold belt, leveraging his extensive experience in mineral exploration and operations in Canada [1][4]. Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange, focusing on the acquisition, exploration, and development of advanced-stage gold and copper projects in Saskatchewan, Canada [9]. Key Appointments - Ronald Netolitzky, an accomplished Canadian geologist, has been responsible for significant mineral discoveries in Canada, including the Snip and Eskay Creek properties, and has been involved in 12 major corporate transactions throughout his career [2][3]. - Jon Wiesblatt, Trident's CEO, expressed confidence that Netolitzky's guidance will be crucial for unlocking value in the company's gold assets [4]. Marketing and Liquidity Engagements - Trident has engaged Velocity Trade Capital Ltd. to provide market-liquidity services for a fee of CAD $6,000 per month, starting May 6, 2025, to improve trading liquidity and reduce volatility [5]. - Market One Media Group Inc. has been contracted for a 12-month marketing campaign at a cost of CAD $46,000, which includes producing corporate videos and editorial articles [6]. - Winning Media LLC will provide digital media marketing services for three months, starting May 19, 2025, for an upfront fee of USD $50,000 [7]. Project Focus - The company is advancing its 100% owned Contact Lake and Greywacke Lake projects, which host significant historical gold resources in the La Ronge Gold Belt, as well as the Knife Lake copper project with a historical copper resource [9].