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Enforcer Gold Corp (“Enforcer” or the “Company”) (TSX-V: VEIN; FSE: N071) is pleased to report it has added 19,352 hectares (47,818 acres) to its land position at the Montalembert gold project for a total land holding of 26,645 hectares (65,839 acres).
Cartier Resources Inc. (TSX VENTURE:ECR) (“Cartier”) is pleased to announce the results of the first drill hole from its 13-drill-hole, 7,814 m drill program on the Fenton property, located 50 km southwest of Chapais and 50 km north of Osisko’s Windfall Lake gold deposit in the heart of the Urban-Barry’s belt.
Golden Predator Mining Corp. (TSX VENTURE:GPY) (the “Company“) is pleased to announce today that, due to strong demand, it has agreed with Clarus Securities Inc. (“Clarus“, or the “Underwriter“) to increase the size of its previously announced C$7,000,630 flow-through unit offering. Pursuant to the upsized deal terms, Clarus has agreed to purchase or arrange substituted purchasers for 8,792,000 flow-through units (the “Flow-Through Share Units“) of the Company at a price of $0.91 per unit to raise gross proceeds of $8,000,720 pursuant to a short-form prospectus financing (the “Offering“). Each Flow-Through Share Unit will consist of one Class A common share (a “Common Share“) and one-half of one Common Share purchase warrant, exercisable at $1.00 per common share. The Flow-Through Share Units will be issued on a “flow-through” basis for purposes of the Income Tax Act (Canada).
Golden Predator Mining Corp. (TSX VENTURE:GPY) (“Golden Predator Mining Corp.” or the “Company”) is pleased to announce that, in connection with its previously announced overnight marketed public offering (the “Offering”), it has entered into an underwriting agreement with Clarus Securities Inc. (the “Underwriter”) to sell 7,693,000 Flow-Through Share Units at a price of $0.91 per Unit to raise gross proceeds of $7,000,630 pursuant to a short-form prospectus financing (the “Offering”). Each Flow-Through Share Unit will consist of one Class A common share (a “Common Share”) and one-half of one (non flow-through) Common Share purchase warrant, exercisable at $1.00 per common share. The Flow-Through Share Units will be issued on a “flow-through” basis for purposes of the Income Tax Act (Canada). Closing of the Offering is expected on or about February 13, 2018 and is subject to regulatory approval including that of the TSX Venture Exchange.
Golden Predator Mining Corp. (TSX VENTURE:GPY) (“Golden Predator Mining Corp.” or the “Company”) has today entered into an agreement with Clarus Securities Inc. (the “Underwriter”) pursuant to which the Company has launched a proposed overnight marketed offering (the “Offering”) of units (“Flow-Through Share Units”). Each Flow-Through Share Unit consists of one Class A common share (a “Common Share”) and one-half of one (non flow-through) Common Share purchase warrant. The Flow-Through Share Units will be issued on a “flow-through” basis for purposes of the Income Tax Act (Canada). Closing of the Offering is expected on or about February 13, 2018 and is subject to regulatory approval including that of the TSX Venture Exchange.
Cartier Iron Corporation (CSE:CFE) (“Cartier Iron” or the “Company”), is pleased to announce that 91 additional claims have been staked at the Big Easy Property in eastern Newfoundland to bring total holdings including the original acquisition (see press releases September 28, 2017, October 31, 2017 and November 22, 2017) to 369 claims covering 92.3 km2 (Figure 1). A 56-line kilometre Induced Polarization/Resistivity Survey (IP/Res) will commence shortly with a 1,000m drilling program to follow on key targets outlined from this survey. Cartier Iron has secured the historical drill core at a facility in Clarenville. All diamond drill core is being re-logged to better resolve structure and distribution of alteration and mineralization.
Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce that the 2018 winter drilling program is underway at the Gladiator Gold Project. After completing more than 60,000 meters in 2017, the Company plans to drill 30,000 meters during the winter drill program and more than 70,000 meters in 2018. The winter drilling program includes mobilizing two additional diamond drills, for a total of six on the project.
President & CEO, Steve Roebuck, comments:
Cartier Resources’s (V.ECR) CEO Philippe Cloutier has worked in the exploration business for over twenty-five years. He understands the potential of prospective properties and he knows that the very best place to find gold is where gold has already been mined. He also knows that to develop and execute a drilling program is expensive. Which is why, when we began our interview, Cloutier said, “Cartier is cash rich, we have 16 million dollars in the bank.”
Cartier Resources Inc. (TSX VENTURE:ECR) (“Cartier”) is pleased to announce new results from its ongoing 30 000-m drilling program on the Chimo Mine property, located 45 km east of Val-d’Or. These results are associated with the 2B Zone (2 structure) and the 4E Zone (4 structure) intersected respectively at 230 m and 110 m east-northeast of the shaft.