Author: MotherlodeTV

CBLT Updates M&A and Announces Warrants Expiry

MotherlodeTV
CBLT.v, gold
info

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. read more

Gran Colombia and Gold X Execute Arrangement Agreement for the Creation of a Mid-Tier Latin American-Focused Gold Producer

MotherlodeTV
T.GCM, Gran Colombia, gold, Colombia

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. read more

Etruscus Intersects Highest Copper Grades To Date At Black Dog

MotherlodeTV
C.ETR, Etruscus Resources, gold, BC

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. read more

NexGen Announces Closing of $150 Million Bought Deal Financing

MotherlodeTV
T.NXE, NexGen, uranium

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. read more

Gran Colombia Announces Steps to Continue Strengthening Its Balance Sheet With Partial Early Redemptions of Its Long-Term Debt

MotherlodeTV
T.GCM, Gran Colombia, gold, Colombia
  • 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. read more

Eloro Resources Announces Filing of Preliminary Short Form Prospectus

MotherlodeTV
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

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 March 2, 2021 and March 3, 2021), 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. and Cantor Fitzgerald Canada Corporation as co-lead underwriters and joint-bookrunners, and Cormark Securities Inc. as co-lead underwriter (collectively, the “Underwriters”) have agreed to purchase, on a bought deal basis, 5,800,000 units (the “Units”) at a price of C$3.75 per Unit (the “Issue Price”) for gross proceeds to the Company of C$21,750,000 (the “Offering”). read more

Newlox Gold Pursues US Listing

MotherlodeTV

Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CNSX:LUX.CN) (Frankfurt/Stuttgart:NGO) (OTC:NWLXF) is pleased to announce it has begun the process to list the Company’s common shares in the United States on the OTC market. The Company’s shares are now quoted on the Pink Open Market, which is the first step toward a formal listing on the OTCQB Venture Market, allowing ease of accessibility to the US investment community. read more

CBLT Closes on Flowthrough Financing

MotherlodeTV
CBLT.v, gold

On February 15, 2021, CBLT Inc. (TSXV: CBLT) (“CBLT”) announced it had set its exploration goals and budget for the foreseeable future. To fund that budget CBLT announced an intention to effect a non-brokered flowthrough financing in an amount no less than $100,000. CBLT announces it has closed on $232,830.00 (two hundred thirty-two thousand eight hundred and thirty dollars) in flowthrough financing, resulting in the issuance of 2,328,300 Flowthrough Units. Each Flowthrough Unit was priced at $0.10 (ten cents) and will comprise of one flowthrough share and one full 15-cent warrant with a 24-month term, with each 15-cent warrant being exercisable into a flowthrough common share. This financing is subject to stock exchange approval. read more

Clean Air Metals Files Mineral Resource Technical Report for the Thunder Bay North Property on SEDAR

MotherlodeTV

Clean Air Metals Inc. (“Clean Air Metals” or the “Company”) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce that, further to its news release dated January 20, 2021, the Company has filed a technical report detailing the Mineral Resource estimate for the Thunder Bay North Project near Thunder Bay, Ontario. read more