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TerraX Minerals Inc. (TSXV: TXR) (OTC Pink: TRXXF) (FSE: TX0) is pleased to announce high-grade surface sampling results from the Ryan Lake area on its Northbelt property, one of eight new high-grade target areas identified on the Yellowknife City Gold Project during fieldwork this summer (see maps here).
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Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to announce that it has acquired additional claims to expand the Company’s Kootenay Arc project holdings in southeastern British Columbia. In addition, the Company has received high-grade gold grab sample results from the Sheep Creek and Bayonne properties.
Marathon Gold Corporation (TSXV:MOZ) (“Marathon” or the “Company“) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. (collectively the “Underwriters”), whereby the Underwriters have agreed to purchase, on a “bought deal” basis, 1,650,000 flow-through common shares of the Company (the “Offering Shares”) at a price of $1.23 per Flow-Through Share for gross proceeds of $2,029,500 (the “Offering”). In addition, Marathon will grant the Underwriters an option to purchase from the Company up to an additional 1,650,000 Offering Shares at the Offering Price for additional gross proceeds of up to C$2,029,500 (the “Over-Allotment Option”). The Over-Allotment Option is exercisable up to 48 hours prior to the closing date of the Offering. This represents a 19% premium to the closing price of common shares of the Company on the TSX Venture Exchange (the “TSXV”) on December 11, 2017 and a 21% premium to the volume weighted average price of Marathon’s shares over the last five trading days.
Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) reports November production metrics at the Company’s flagship Florida Canyon mine in Pershing County, Nevada.
Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to announce that further to its press release dated November 2, 2017 and subject to receiving final regulatory approvals, it has closed the first tranche of its previously announced non-brokered private placement (the “Offering”) by issuing:
Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) reports today the reconciliation from the bulk sample program at the 3 Aces Project in Southeast Yukon, which yielded 29.654 kg (953.4 troy ounces) of fine gold from 776 metric tonnes processed. The average calculated grade of the bulk sample was 46.18 grams per tonne (g/t). The bulk sample was processed solely by the Company using conventional gravity recovery methods (crushing, grinding, sluicing and shaker tables) and has provided valuable technical information, and effectively demonstrates that gravity processing is sufficient to obtain high gold recoveries without the use of chemicals or elaborate equipment.
TORONTO, Dec. 06, 2017 (GLOBE NEWSWIRE) — Cartier Iron Corporation (CSE:CFE) (“Cartier Iron”), is pleased to announce that it has completed a previously announced non-brokered private placement (the “Private Placement”), which was increased from 2 million to 3 million flow-through units of Cartier Iron at a price of $0.12 per unit (“F-T Units”) for proceeds of $360,000, and 8 million non-flow-through units (increased from 7 million units) of Cartier Iron at a price of $0.10 per unit (“Units”) for additional proceeds of $800,000.
Cartier Resources Inc. (“Cartier” or the “Company“) (TSX VENTURE:ECR) announced today that it has closed its previously announced private placement (the “Offering“) for aggregate gross proceeds of $5,299,900. A total of 13,030,000 Flow Through shares of the Company were issued and sold at a price of $0.33 per Flow Through Share and 5,000,000 common shares of the Company were issued and sold at a price of $0.20 per Share. The Offering was completed through Sprott Capital Partners. All monetary references are in Canadian dollars.
TerraX Minerals Inc. (TSXV: TXR) (OTC Pink: TRXXF) (FSE: TX0) is pleased to announce high-grade surface sampling results from the Homer Lake Gold structure on their Northbelt property, one of 8 new high grade target areas identified on the Yellowknife City Gold Project during field work this summer (see Map 1 here).