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Sranan Provides Update on Late Filing of Financial Statements; Extends MCTO
TMX Newsfile· 2026-03-04 22:17
Core Viewpoint - Sranan Gold Corp. is working towards filing its annual audited financial statements and has received an extension for its Management Cease Trade Order until March 15, 2026 due to delays in third-party confirmations [1][3]. Group 1: Required Filings and Delays - The Required Filings were originally due by January 28, 2026, but delays occurred due to late confirmations from an international vendor and the Company's bank in Suriname, deferring the audit completion by approximately one week [2][3]. - The audit is in its final stages, with only minor outstanding items remaining, and the Company anticipates completing the Required Filings on or before March 13, 2026 [2][4]. Group 2: Management Cease Trade Order (MCTO) - The Company applied for a Management Cease Trade Order (MCTO) on January 29, 2026, which restricts trading by the Company's CEO and CFO in its securities [3]. - The MCTO will remain in effect until the Required Filings are completed or revoked [3]. Group 3: Communication and Reporting - Sranan Gold Corp. will issue bi-weekly default status reports until it meets the Required Filings requirement, ensuring transparency during this period [5]. - The Company has not initiated any insolvency proceedings and has no undisclosed material information [5]. Group 4: Company Overview - Sranan Gold Corp. is engaged in mineral exploration and acquisition of mineral property assets in Suriname, with its flagship Tapanahony Project covering 29,000 hectares in a prolific gold mining district [7]. - The Company has also acquired the 18,468-hectare Lawatino Project located along the Central Guiana Shear Zone in southeastern Suriname [7].
Sorrento Resources Closes Listed Issuer Financing Exemption (LIFE) Non-Brokered Private Placement
TMX Newsfile· 2026-03-02 21:00
Core Viewpoint - Sorrento Resources Ltd. has successfully closed a non-brokered private placement, raising gross proceeds of CDN$1,875,000 through the issuance of 7,500,000 units at CDN$0.25 per unit [1]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant exercisable at $0.35 per share for 24 months, expiring on March 2, 2028 [2]. - The offering is conducted under the listed issuer financing exemption, allowing it to be offered to purchasers in Canadian provinces, excluding Quebec, without a hold period [3]. - Finder's fees of $23,000 were paid, and 84,000 non-transferable broker warrants were issued, also exercisable at $0.35 per share for 24 months, expiring on March 2, 2028 [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration expenditures, marketing and promotion, and general working capital purposes [4]. Group 3: Company Overview - Sorrento Resources Ltd. focuses on the acquisition, exploration, and development of mineral properties in Canada, targeting precious and rare earth elements, gold, and base metals [6].
Metalsource Mining Amends Marketing Agreement with ITG
TMX Newsfile· 2026-01-22 21:57
Group 1 - Metalsource Mining Inc. has entered into an amending agreement with Independent Trading Group, increasing the monthly fee from $5,000 to $6,500 [1] - The original agreement with ITG was established in October 2024, and all other terms remain unchanged [1] - ITG and Metalsource are unrelated entities, with no interests in each other's securities at the time of the agreement [1] Group 2 - Metalsource Mining Inc. is focused on the acquisition, exploration, and development of mineral property assets [2] - The company's objective is to locate and develop economic precious and base metal properties, specifically conducting exploration on the Aruba Property [2] - The Aruba Property spans 4,663 square kilometers in Botswana's Kalahari Desert, with potential for platinum group metals, gold, silver, and manganese [2]
Rockland Resources Closes Private Placement Tranche
Thenewswire· 2026-01-21 21:00
Core Viewpoint - Rockland Resources Ltd. has successfully closed a tranche of a non-brokered private placement, raising a total of $1,088,000 through the issuance of 10,880,000 units at a price of $0.10 per unit [1][2] Group 1 - The private placement consists of units that include one common share and one transferable common share purchase warrant, with warrants exercisable at $0.15 per share for a period of 36 months [1] - A senior officer of the company has subscribed for 300,000 units as part of the private placement [2] - The remaining balance of the private placement is expected to close on January 27, 2026 [2] Group 2 - Proceeds from the private placement will be utilized to advance the Cole Gold Mines project in Red Lake, Ontario, as well as for general working capital [2] - Shares issued from the financing will be subject to a four-month hold period in accordance with Canadian securities laws [2] Group 3 - Rockland Resources Ltd. is focused on mineral exploration and the acquisition of mineral property assets for the benefit of its shareholders [3]
Sorrento Resources Closes Bottom Brook Option Agreement
Newsfile· 2025-11-21 13:00
Core Viewpoint - Sorrento Resources Ltd. has successfully closed an amended and restated option agreement to acquire up to 100% of the Bottom Brook rare earth element property in Newfoundland and Labrador [1] Group 1: Agreement Details - The Option Agreement was dated October 29, 2025, and follows previous announcements made on October 16, 2025, and October 30, 2025 [1] - The Company has issued 9,000,000 common shares as part of the agreement, along with an additional 900,000 shares as a finder's fee to Kluane Capital FZCO [2] - The issued shares are subject to a hold period of four months and one day, expiring on March 21, 2026 [2] Group 2: Company Overview - Sorrento Resources Ltd. focuses on the acquisition, exploration, and development of mineral property assets in Canada [3] - The Company's objective includes locating and developing economic properties related to precious metals, rare-earth elements, gold, and base metals, with notable projects including Bottom Brook REE, Rodgers Cove Gold, and Harmsworth [3]