Moriarty on Mining
Mining is the art and science of extracting minerals from the ground at a profit.
Month: December 2017
Margaux Resources Announces Significant Expansion of its Kootenay Arc Project Holdings, Plus High-Grade Gold Grab Sample Results from Sheep Creek and Bayonne
Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to announce that it has acquired additional claims to expand the Company’s Kootenay Arc project holdings in southeastern British Columbia. In addition, the Company has received high-grade gold grab sample results from the Sheep Creek and Bayonne properties.
Marathon Gold Corporation Announces $2,029,500 Bought Deal Flow-Through Equity Financing
Marathon Gold Corporation (TSXV:MOZ) (“Marathon” or the “Company“) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. (collectively the “Underwriters”), whereby the Underwriters have agreed to purchase, on a “bought deal” basis, 1,650,000 flow-through common shares of the Company (the “Offering Shares”) at a price of $1.23 per Flow-Through Share for gross proceeds of $2,029,500 (the “Offering”). In addition, Marathon will grant the Underwriters an option to purchase from the Company up to an additional 1,650,000 Offering Shares at the Offering Price for additional gross proceeds of up to C$2,029,500 (the “Over-Allotment Option”). The Over-Allotment Option is exercisable up to 48 hours prior to the closing date of the Offering. This represents a 19% premium to the closing price of common shares of the Company on the TSX Venture Exchange (the “TSXV”) on December 11, 2017 and a 21% premium to the volume weighted average price of Marathon’s shares over the last five trading days.
MGX Minerals Closes $6.3 Million First Tranche of Non-Brokered Private Placement
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce, further to its news release dated November 29, 2017, it has closed the first tranche of its previously announced non-brokered private placement financing for proceeds of up to $7,500,000 (the “Offering”).
Assays Demonstrate Strong Continuity in A3 Shear and Along Strike at the Arrow Deposit
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report assay results for 21 holes from Arrow as part of our recently concluded summer drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan.
Advantage Lithium Grants Stock Options
TSX Venture Exchange Symbol: AAL
Advantage Lithium Corp. (the “Company” or “Advantage Lithium”) (TSX Venture: AAL) (OTCQX: AVLIF) – announces the granting of stock options to an officer of the Company for the purchase of 250,000 common shares, at a price of $1.07 per share, for a period of five years.
Rye Patch Gold Announces Florida Canyon November Production
3,491 OUNCES OF GOLD PRODUCED
Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) reports November production metrics at the Company’s flagship Florida Canyon mine in Pershing County, Nevada.
Margaux Resources Announces Closing of First Tranche of Non-Brokered Private Placement of Flow-Through Shares and Units
Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to announce that further to its press release dated November 2, 2017 and subject to receiving final regulatory approvals, it has closed the first tranche of its previously announced non-brokered private placement (the “Offering”) by issuing:
Crown Mining Announces Appointment of Director and Stock Option Grant
Crown Mining Corporation (TSXV: CWM) (“Crown” or the “Company“) is pleased to announce that Peter McRae has been appointed to the Board of Directors, effective immediately.