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Seahawk Termines Proposed Change of Business, Plans Name Change and $2.0M Non-Brokered Financing
Newsfile· 2025-10-24 20:30
Core Points - Seahawk Ventures Inc. has terminated its share exchange agreements with Alluvial Capital Corp. and FlexGPU Inc. due to the passing of Keith Talbot, a founder of both entities [1][2] - The company plans to refocus on its exploration portfolio, specifically its four gold properties located along the Urban-Barry Greenstone Belt in Quebec [3] - Seahawk intends to change its name back to "Seahawk Gold Corp." and is planning a non-brokered financing to raise up to $2 million through the sale of up to 5 million units at a price of $0.40 per unit [4][5] Financing Details - Each unit in the financing will consist 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 $0.80 for one year [5] - The financing proceeds will be allocated for exploration activities, reviewing additional mineral property acquisition opportunities, and general working capital [6] Company Overview - Seahawk Gold Corp. is a publicly traded Canadian resource exploration company, fully owning four properties along the Urban-Barry Greenstone Belt in Quebec [7]
Xtra-Gold Announces Closing of Oversubscribed Non-Brokered Private Placement
Newsfile· 2025-10-21 18:56
Core Points - Xtra-Gold Resources Corp. has successfully closed an oversubscribed non-brokered private placement, raising gross proceeds of $2,452,000 by selling 1,018,000 units [1] - The offering included 918,000 units sold at $2.40 each and 100,000 units sold to an insider at $2.49 each, with associated warrants exercisable at $2.80 and $2.93 respectively [1][4] - Proceeds from the offering will be allocated for general working capital purposes [3] Financial Details - The company paid a cash finder's fee of $142,812 and issued 59,280 finder's warrants, each allowing the purchase of one additional share at $2.50 for 24 months [2] - The insider's participation in the offering is classified as a related party transaction, exempt from certain valuation and minority shareholder approval requirements [4] Company Background - Xtra-Gold Resources Corp. is a gold exploration company with a significant land position in the Kibi Gold Belt, located in Ghana, West Africa [6]
Austin Gold Advances U.S. Exploration with New Geophysics and Drilling Plans
Newsfile· 2025-10-01 12:00
Core Viewpoint - Austin Gold Corp. is advancing its exploration activities at the Stockade Mountain Project in Oregon and the Lone Mountain Project in Nevada, with new geophysical and drilling plans aimed at enhancing gold discovery potential [2][3]. Project Update - At the Stockade Mountain Project, a review of a historical gradient-array IP-resistivity survey indicated it was inadequate for imaging vein-hosting structures at target depths of 200-300 meters. A Controlled Source Audio-frequency Magnetotellurics (CSAMT) survey has been designed to improve imaging of these structures, expected to be completed in 2025, subject to conditions [3][8]. - The reverse circulation drilling program planned for 2025 has been deferred to 2026 to incorporate CSAMT results into drill targeting [3]. - The Company has received permission to drill a water well for exploration drilling, with plans to commence in Q4 2025 [4]. - At the Lone Mountain Project, exploration continues with geological mapping, geochemical sampling, and gravity geophysics [4][8]. Soil and Sampling Results - A soil and stream sediment sampling program was completed, consisting of 2,027 soil and 122 stream sediment samples. Analysis revealed unusual patterns in elements not typically associated with Carlin-type gold deposits [5][6]. - Re-assay results showed minimal overall change in elements useful for targeting Carlin-type gold deposits, but significant enrichments of arsenic, antimony, and thallium were found, associated with gold anomalies in soils up to 0.128 g/t [6][8]. - Despite significant historical exploration at Lone Mountain, large areas remain untested or minimally tested by drilling [7]. Corporate Update - On September 26, 2025, the Company entered a marketing agreement with i2i Marketing Group, LLC, for marketing services aimed at increasing investor awareness. The agreement has an initial term of two months at a cost of $250,000, with no securities issued as compensation [9].
E2Gold Asserts Exploits Discovery Breached NDA Agreement; E2 Assessing All Options
Newsfile· 2025-07-28 12:30
E2Gold Asserts Exploits Discovery Breached NDA Agreement; E2 Assessing All Options July 28, 2025 8:30 AM EDT | Source: E2Gold Inc. Toronto, Ontario--(Newsfile Corp. - July 28, 2025) - E2Gold Inc. (TSXV: ETU) (OTC Pink: ETUGF) claims that Exploits Discovery Corp. breached a non-disclosure agreement between it and E2Gold when it optioned the Hawkins property from Pavey Ark Minerals. As a result, E2Gold will be pursuing all remedies in this matter including seeking an unwinding of the agreement between Exploit ...
Fury Announces C$2.5 Million Financing
GlobeNewswire News Room· 2025-06-05 15:40
Core Viewpoint - Fury Gold Mines Limited is initiating a private placement of up to 3,246,753 common shares at a price of C$0.77 per share, aiming to raise total gross proceeds of C$2,500,000 to fund eligible Canadian exploration expenses [1][2]. Group 1: Offering Details - The shares will qualify as "flow-through shares" under Canadian tax law, allowing the company to incur eligible exploration expenses in Québec and Nunavut [2]. - The offering is expected to close around June 19, 2025, pending necessary approvals and subscription agreements [3]. - The company may pay finder's fees of up to 6% from its working capital for assistance with the financing [3]. Group 2: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a significant position in Dolly Varden Silver Corp, holding approximately 14.5% of issued shares [5]. - The company aims to grow its gold platform through rigorous project evaluation and exploration excellence, adhering to high standards of corporate governance and sustainable mining practices [5].
VIDEO - CEO Clips: Rackla Metals: Eyes on Discovery in Canada's Untapped Gold Frontier
Newsfile· 2025-05-02 16:00
Core Insights - Rackla Metals is focused on gold exploration in Canada's North, particularly in the Yukon and Northwest Territories, and is preparing for its first drill program following promising trench and sample results from a newly identified target [2]. Company Overview - Rackla Metals (TSXV: RAK) is advancing early-stage exploration efforts in underexplored regions, aiming to uncover untapped gold opportunities [2]. - The company has a strong track record in regional prospecting and discovery, which supports its current exploration initiatives [2]. Industry Context - The focus on gold exploration in Canada’s North highlights the potential for significant discoveries in areas that have not been extensively explored [2].