Eloro Resources Announces Filing of Final Short Form Prospectus and Exercise of Over-Allotment Option by Underwriters

December 31, 2020 MotherlodeTV

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that, in connection with its previously announced bought deal financing (the “Financing”) (see Eloro press releases dated December 16, 2020 and December 9, 2020), it has filed a final short form prospectus with the applicable securities regulators in each of the provinces of Canada, except Quebec. Under the terms of the Financing, Haywood Securities Inc., as lead underwriter, and Echelon Wealth Partners Inc. (the “Underwriters”) agreed to purchase, on a bought deal basis, 3,548,400 units (the “Units”) at a price of Cdn$1.55 per Unit for gross proceeds to the Company of Cdn$5,500,020. read more

GR Silver Mining and Mako Amend Definitive Agreement date to January 31, 2021

December 29, 2020 MotherlodeTV

GR Silver Mining Ltd. (TSXV: GRSL) (FRANKFURT: GPE) (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) and Mako Mining Corp. (“Mako” “@MakoMiningCorp”) have agreed to amend their Letter of Intent (“LOI”) dated December 12, 2019, to extend the date by which they are required to sign a Definitive Agreement to January 31, 2021. Pursuant to the LOI, GR Silver and Mako agreed to negotiate an arm’s length transaction whereby GR Silver would acquire 100% of the issued and outstanding shares of Marlin Gold Mining Ltd from Mako and to enter into a Definitive Agreement on or before December 31, 2020 (News release dated December 17, 2019). read more

CBLT Announces Financing

December 24, 2020January 3, 2021 MotherlodeTV

CBLT Inc. (TSXV: CBLT) (“CBLT”) announces its intention to effect a flowthrough financing in an amount up to $50,000 (fifty thousand dollars) by offering up to 833,333 Flowthrough Units priced at $0.06 (six cents) per Flowthrough Unit. Each Flowthrough Unit will comprise of one flowthrough share and one full 9-cent warrant with a 24-month term, with each 9-cent warrant being exercisable into a flowthrough common share. read more

Etruscus Closes 1st Tranche of Private Placement

December 24, 2020December 24, 2020 MotherlodeTV

Etruscus Resources Corp. (CSE: ETR) (FSE: ERR) (the “Company” or “Etruscus”), a Vancouver-based junior exploration company, announces that, subject to Canadian Securities Exchange (“CSE”) approval, the Company has closed the first tranche of its non-brokered private placement announced on December 8, 2020, raising $467,700. The Company issued a total of 730,000 non-flow-through units at $0.25 per unit for proceeds of $182,500 and 891,250 flow-through units at $0.32 per unit for proceeds of $285,200. The non-flow-through funds were oversubscribed by 10,000 units and will be used for both exploration and general working capital while the flow-through funds will be used for continued exploration of the Company’s Rock & Roll Property. read more

Northstar Closes First Tranche of $2.4M, Provides Corporate and Exploration Update

December 23, 2020 MotherlodeTV

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Northstar Gold Corp. (CSE: NSG) (“Northstar” or the “Company“), announces the Company has closed the first tranche of its previously announced $2.7 million non-brokered private placement of units (“Units“) for gross proceeds of CDN$2,415,575 (the “Offering“). read more

Tocvan Completes Phase One Drilling and Provides Update

December 22, 2020January 3, 2021 MotherlodeTV

Tocvan Ventures Corp. (CSE:TOC) (CNSX:TOC.CN) (“Tocvan” or the “Corporation”) is pleased to announce the completion of its maiden drill program (the “Program”) at the Pilar Gold-Silver Project in Sonora, Mexico. A total of 1,505 meters of reverse circulation (RC) drilling was completed in nine (9) drill holes. All samples have been submitted to the lab in Hermosillo, results are expected in early 2021 and will be released in batches as they are received. read more

Cartier Iron Closes Previously Announced Financing

December 21, 2020 MotherlodeTV

Cartier Iron Corporation (CSE: CFE) (“Cartier Iron” or the “Corporation”), is pleased to announce that it is has closed the previously announced (see Cartier Iron news release dated December 15, 2020) non-brokered private placement (the “Private Placement”) of 2,500,000 flow-through shares of Cartier Iron at a price of $0.14 per share (“F-T Shares”) for proceeds of $350,000. Each F-T Share was issued on a “flow-through” basis under the Income Tax Act (Canada). Insiders of Cartier Iron subscribed for 714,287 F-T Shares in the Private Placement. read more

Eloro Resources Announces Filing of Preliminary Short Form Prospectus

December 17, 2020 MotherlodeTV

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that, in connection with its previously announced bought deal financing (see Eloro press releases dated December 9, 2020), it has filed a preliminary short form prospectus with the applicable securities regulators in each of the provinces of Canada, except Quebec. Under the terms of the financing, Haywood Securities Inc., as lead underwriter, and Echelon Wealth Partners Inc. (the “Underwriters”) have agreed to purchase, on a bought deal basis, 3,548,400 units (the “Units”) at a price of Cdn$1.55 per Unit (the “Issue Price”) for gross proceeds to the Company of Cdn$5,500,020 (the “Offering”). read more

Renforth Reports Additional Parbec Assays, Program Updates

December 16, 2020 MotherlodeTV

Renforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to update shareholders on the receipt of assays and the ongoing drill program at our flagship asset, the wholly owned Parbec Open Pit Constrained Gold Deposit located in Malartic Quebec, on the Cadillac Break and adjacent to the Canadian Malartic Open Pit Gold Mine. read more

Cartier Iron Announces Financing

December 15, 2020 MotherlodeTV

Cartier Iron Corporation (CSE: CFE) (“Cartier Iron”), is pleased to announce that it is proceeding with a non-brokered private placement (the “Private Placement”) of up to 2,500,000 flow-through shares of Cartier Iron at a price of $0.14 per share (“F-T Shares”) for proceeds of up to $350,000. Each F-T Share will be issued on a “flow-through” basis under the Income Tax Act (Canada). Insiders of Cartier Iron may participate in the Private Placement. read more

Month: December 2020