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Bayhorse Silver Inc. (TSXV: BHS)(the “Company” or “Bayhorse“) has, subject to TSX-V Exchange approval, increased the equity portion of prior announced non-brokered private placement from up to 3,000,000 Units at $0.10 per Unit to 4,650,000 Units for gross proceeds of $465,000, and closed the placement.
Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQB:SYHBF) (Frankfurt:SC1P) (the “Company”) announces that it has arranged a non-brokered private placement of up to 2,000,000 units of the Company (the “Units”) at a price of CAD $0.40 each and up to 1,500,000 flow-through Units (the “FT Units”) at a price of CAD $0.45 each, for combined total gross proceeds of up to CAD $1,475,000. Each Unit will be comprised of one common share and one warrant (“Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share for two (2) years at a price of CAD $0.60 each. Each FT Unit will be comprised of one flow-through common share and one-half of one warrant (“Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share for two (2) years at a price of CAD $0.60 each.
Uptick Newswire today announced Aben Resources, Ltd. CEO, Jim Pettit’s interview on Uptick Newswire’s Stock Day podcast.
Aben Resources Ltd. (TSX-V:ABN) (OTCQB:ABNAF) (Frankfurt:E2L2) (the “Company”) is pleased to provide the following progress update on its 2018 exploration and drilling program at its 23,000-hectare Forrest Kerr Gold Property located in British Columbia’s Golden Triangle region. The first five holes drilled at the high grade North Boundary Zone have encountered mineralization and the drill core has been sent to the assay labs and final geochemical assays are pending. These holes have transected rock that has been strongly altered with quartz-sericite-pyrite with variable chlorite and strong calcite and hematite throughout. The pervasive nature of the alteration is evidence toward the strength of the hydrothermal system that operated through time in this part of the Property. Several fault and shear zones have been encountered in each hole, which have been interpreted and observed as the likely host to Au-Ag-Cu mineralization. This area of the Forrest Kerr Property hosts gold-silver-copper in rock and soil anomalies that span in excess of 2 km by 4 km and remain under-explored.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce it has entered into a Property Option Agreement (the “Agreement”) with Belmont Resources (TSX.V:BEA) (FKT:L3L1) (“Belmont”) to acquire an initial 25% interest in the Kibby Basin, Nevada lithium brine property (“Kibby Basin”), approximately 50km North of Clayton Valley, NV. MGX will fund up to C$300,000 in exploration expenditures, to be used for drilling in the Kibby Basin. The target area is a large well-defined anomaly discovered by a magnetotelluric survey carried out by Belmont in January 2018. The Agreement allows MGX to earn an additional 25% interest in Kibby Basin property by funding an additional C$300,000 in exploration expenditures for drilling at which time the project will become a 50/50 Joint Venture with access to MGX’s rapid lithium extraction technology.
Triumph Gold Corp. (TSXV:TIG) (“Triumph” or the “Company”) is pleased to announce that it has completed a private placement financing of 14,641,101 units of Triumph at a price of $0.35 per unit for gross proceeds of approximately $5,124,385. Each unit consists of one common share of the Company and one half of one non-transferable common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable into one additional common share at a price of $0.55 for a period of two years from the closing of the financing. The investment was made primarily by institutional investors. A private Hong Kong fund invested approximately $2.5 million and three existing shareholders (amongst others) participated in the offering, including Goldcorp Inc. (“Goldcorp”) which exercised its right to top up to a 19.9% ownership by participating in the financing.
White Gold Corp. (TSX.V:WGO) (OTC – Nasdaq Intl:WHGOF) (FRA:29W) (the “Company”) is pleased to announce that the Company’s common shares, traded in the United States under the symbol WHGOF, are now eligible for electronic clearing and settlement through the Depository Trust Company in the United States.
FSD Pharma Inc. (“FSD” or the “Company”) (CSE:HUGE) (OTC: FSDDF) is pleased to announce a binding agreement to purchase 51% of Atlantic Island Cannabis Inc. (to be renamed FSD Atlantic Pharma Inc.) effective July 4, 2018. The agreement involves a strategic investment of $40 million to drive production and sales of legal cannabis in the province of Newfoundland. In the first phase of the project, an indoor high quality 45,000 square foot cannabis production facility will be set up in Freshwater, Carbonear, Newfoundland. This site is expected to bring about economic benefits for the province and to create 200 local, management and construction jobs through a phased expansion approach. Phase two of the project will involve a further expansion of the indoor grow facility to up to approximately 300,000 square feet for the production and processing of legal cannabis.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) and Highbury Energy Inc. (“Highbury”) are pleased to report additional work has commenced on gasification of petroleum coke (“petcoke”), an oilsands and refinery by-product, into a synthetic liquid equivalent to refinery crude oil feedstock. The expanded research and development is focused on the re-processing of petcoke waste product to a synthetic crude oil. The target specification is being designed to allow for reuse of petcoke into a primary input equivalent to crude oil that can be upgraded into petro-chemical products in a traditional refinery without any modification to existing equipment. The goal is to produce a fuel which can seamlessly integrate into existing refinery operations. This represents a potential long-term use for the large existing stockpiles of petcoke as well as ongoing output of petcoke and other waste products without significant changes to the existing refinery infrastructure. To date work has been focused on petcoke to hydrogen gas output and the extraction of metals from the gasification of the residual ash, in particular vanadium, nickel, and cobalt.
Q2 2018 Production Highlights: