Tag: Newfoundland

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

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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

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

Marathon Gold Shares Now Trading on the OTCQX

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T.MOZ, Marathon Gold

Marathon Gold Corporation (“Marathon” or the “Company”) (TSX:MOZ) (OTCQX:MGDPF) is pleased to announce that the Company’s shares are now trading on the OTCQX Best Market in the United Stated under the symbol “MGDPF”. Marathon upgraded from the Pink Market. Investors can access trading, real-time level 2 quotes and a view a list of the Company’s news releases and financial disclosure documents at http://www.otcmarkets.com/stock/MGDPF/quote. read more

Marathon Increases Overall Gold Resource to 1,847,000 ounces M&I at 1.88 g/t gold and 1,012,000 ounces Inferred at 1.65 g/t gold at the Valentine Lake Gold Camp, Newfoundland

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T.MOZ, Marathon Gold

Marathon Gold Corporation (“Marathon” or the “Company”) (TSX:MOZ) has established a new Mineral Resource Estimate for its 100% owned Valentine Lake Property prepared under the direction of John T. Boyd Company in accordance with National Instrument 43-101 (“NI 43-101”). read more

Cartier Iron Completes Acquisition of a 100% Interest in the Big Easy Property, Newfoundland

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Cartier Iron Corporation (CSE:CFE) (“Cartier Iron” or the “Company”), is pleased to announce the completion of the acquisition of a 100% interest (“Acquisition”) in the Big Easy Property (“Property”), following the registration of title by the proper authorities in the province of Newfoundland and Labrador. The Property consists of 278 mining claims covering 69.5 km2, all located in the province of Newfoundland and Labrador. The terms and details of the Acquisition were announced by Cartier Iron on October 31, 2017 and September 28, 2017. The Property is readily accessible from the Trans-Canada Highway and local roads.  The north end of the Property is located approximately 20 kilometres northwest of the town of Clarenville with St. John’s approximately 220 km southeast of the Property. read more

Marathon Gold Buys Back the 3% Precious Metals and 2% Base Metals Royalty on the Valentine Lake Gold Property in Newfoundland

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T.MOZ, Marathon Gold, gold, Newfoundland, Phillip Walford

Marathon Gold Corporation (“Marathon” or the “Company”) (TSX:MOZ) Marathon Gold Corporation is pleased to announce that it has acquired the 3% precious metals NSR royalty and the 2% base metals NSR royalty on its Valentine Lake gold property in central Newfoundland from a third party for US$8.7 million. Marathon believes this purchase is in the best interest of the Company as it continues to develop the Valentine Lake property. read more

Cartier Iron Announces Financing

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Cartier Iron Corporation (CSE:CFE) (“Cartier Iron”), is pleased to announce that it is proceeding with a non-brokered private placement (the “Private Placement”) of up to 2,000,000 flow-through units of Cartier Iron at a price of $0.12 per unit (“F-T Units”) for proceeds of up to $240,000 and 7,000,000 non-flow-through units of Cartier Iron at a price of $0.10 per unit (“Units”) for additional proceeds of up to $700,000. read more