Stratabound Reports 3.34% Copper Equivalent over 11.5m Including 5.39% Copper Equivalent over 2.5m with High Cobalt Values at Captain Cu-Co-Au-Ag Deposit
Highlights:
Year: 2021
Gran Colombia Provides Production Update; Declares April 15, 2021 Monthly Dividend; Announces 2020 Fourth Quarter and Year End Results Webcast
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it remains on track to produce between 200,000 and 220,000 ounces of gold in 2021 from its high-grade Segovia Operations in Antioquia, Colombia. In February 2021, Gran Colombia produced 15,354 ounces of gold and 18,922 ounces of silver at Segovia bringing the total for the first two months of the year to 30,415 ounces of gold and 37,519 ounces of silver.
Etruscus Samples High-Grade Copper and Silver at Sugar; VTEM Results Suggest Massive Sulphide Source
Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the “Company” or “Etruscus”) is pleased to announce VTEM© and rock sampling results from the Sugar Property “Hammer” target, just 5 kilometres northwest of the Company’s flagship Rock & Roll Project in the Eskay Camp. The “Hammer” has been upgraded to a well-defined drill target due to its strong geophysical and geochemical signatures.
NexGen Announces Exercise of $22.5 Million Over-Allotment Option in Connection with Recently Completed Bought Deal Financing
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) is pleased to announce that the Underwriters (as defined below) have exercised their over-allotment option (the “Over-Allotment Option”), in full, to purchase an additional 5,010,000 common shares in the capital of the Company (the “Common Shares”) at a price of $4.50 per Common Share, in connection with the Company’s recently completed underwritten public offering of 33,400,000 Common Shares, which closed on March 11, 2021 (the “Offering”). Upon closing of the Over-Allotment Option, the Company received additional gross proceeds of $22,545,000, resulting in total gross proceeds from the Offering of approximately $172.8 million.
CBLT Updates M&A and Announces Warrants Expiry
On March 1, 2021 CBLT Inc. (TSXV: CBLT) (“CBLT”) announced it had reached a meeting of the minds with an arm’s length third party for CBLT to acquire a greenfield Ontario mining asset that is prospective for some of the battery metals. Since then CBLT’s due diligence review showed two additional arm’s length parties having an ownership interest in that property. CBLT has entered into good faith discussions with those additional parties and has a reasonable expectation it will be able to convert those discussions into a binding agreement. There are no assurances that the parties will be able to reach a definitive agreement, or that the contemplated transaction would close as contemplated or at all.
Gran Colombia and Gold X Execute Arrangement Agreement for the Creation of a Mid-Tier Latin American-Focused Gold Producer
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) (“Gran Colombia”) and Gold X Mining Corp. (TSXV: GLDX) (“Gold X”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Agreement”) pursuant to which Gran Colombia will acquire all of the issued and outstanding common shares of Gold X (the “Gold X Shares”) not already owned by Gran Colombia by way of a statutory plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia). Gran Colombia currently owns 9,571,158 shares of Gold X, or approximately 18% of the Gold X Shares outstanding.
Etruscus Intersects Highest Copper Grades To Date At Black Dog
Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the “Company” or “Etruscus”) is pleased to announce core intersections from its 2020 drill campaign that tested geophysical and geochemical anomalies in and around the company’s Black Dog deposit. Results further demonstrate that the Black Dog VMS system, located in the Eskay Camp of B.C.’s resource-rich Golden Triangle, is much larger than previously indicated, and remains open in all directions as well as at depth.
NexGen Announces Closing of $150 Million Bought Deal Financing
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) is pleased to announce that it has closed its previously announced bought deal financing (the “Offering”). Pursuant to the Offering, the Company issued 33,400,000 common shares of the Company (the “Common Shares”) at a price of $4.50 per Common Share for gross proceeds of approximately $150 million. NexGen has granted the Underwriters (as defined below) a 30-day option to purchase up to an additional 5,010,000 Common Shares.
Gran Colombia Announces Steps to Continue Strengthening Its Balance Sheet With Partial Early Redemptions of Its Long-Term Debt
- Announces early redemption of 10%, equivalent to CA$2,000,000, of its 8% Convertible Unsecured Debentures due 2024 to take place on April 5, 2021
- Announces early redemption of approximately 33.6%, equivalent to US$10,000,000, of its 8.25% Senior Secured Gold Notes due 2024 to take place on May 3, 2021
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) (“Gran Colombia”) announced today that it will be taking steps to continue strengthening its balance sheet through permitted partial early redemptions of its long-term debt.
