Tag: gold

Marathon Gold Corporation Announces $2,029,500 Bought Deal Flow-Through Equity Financing

MotherlodeTV
T.MOZ, Marathon Gold

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. read more

Margaux Resources Announces Closing of First Tranche of Non-Brokered Private Placement of Flow-Through Shares and Units

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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: read more

Golden Predator Reports 3 Aces Project Bulk Sample Results

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Golden Predator, V.GPY, gold, Yukon, Bill Sheriff

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. read more

Cartier Iron Completes $1,160,000 Financing

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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. read more

Cartier Resources Closes $5.3 Million Private Placement

MotherlodeTV
Cartier Resources

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. read more

Bonterra Expands Mineralized Width and Grade at Gladiator Gold Deposit with Significant Results on Multiple Zones; 18.5 g/t Au over 4.0 m Intersected in the South Zone

MotherlodeTV
Bonterra, V.BTR, gold
Gladiator Deposit Long Section - BTR:TSX-V - Bonterra Expands Mineralized Width and Grade at Gladiator Gold Deposit with Significant Results on Multiple Zones; 18.5 g/t Au over 4.0 m Intersected in the South Zone (CNW Group/BonTerra Resources Inc.)

Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce continued success from its ongoing Resource Development Program at the Gladiator Gold Deposit. Drilling has further increased the size of the high-grade core area of the South Zone, with 18.5 g/t Au over 4.0 m drilled in hole BA-17-42A, and significant width and grade was also encountered in the Footwall Zone within drill hole BA-17-48, which yielded 10 g/t Au over 6.3 m. Additional drilling results received also extended the North Zone down plunge and to the east.  The Company is aggressively completing its 2017 Resource Development Program, with four diamond drill rigs completing a 50,000 m program. Multiple holes are currently in the lab awaiting completion with assays pending. Continue reading read more

Golden Predator Announces New Exploration Director to Manage Program at 3 Aces Project, Yukon

Emphasis expanding to include potential open pit target emerging from the current program
MotherlodeTV
Golden Predator, V.GPY, gold, Yukon, Bill Sheriff

Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the “Company”  or “Golden Predator”) announced today that 2017 exploration results from its district-scale 3 Aces Project in southern Yukon indicate the potential for a significant near surface open pit gold target; and that the Company has recruited an internationally recognized exploration executive to lead its exploration program. read more

Golden Predator Acquires 100% of Sprogge Project, Yukon

JayCurrie
Golden Predator, V.GPY, gold, Yukon, Bill Sheriff

VANCOUVER, British Columbia, Nov. 30, 2017 (GLOBE NEWSWIRE) — Golden Predator Mining Corp.(TSX.V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) is pleased to announce that it has entered into property purchase agreements with each of Alexco Exploration Canada Corp. (Alexco) and Newmont Canada Corporation (Newmont) to acquire a 100% interest in the Sprogge claims located in the southeast Yukon, adjacent to the 3 Aces Project claims.  The agreements supersede a prior option agreement entered into between the parties in 2011. read more