Sudbury Basin

Archer Exploration Closes $2 Million Non-Brokered Private Placement

Retrieved on: 
Monday, November 27, 2023

Vancouver, British Columbia--(Newsfile Corp. - November 27, 2023) - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the "Company" or "Archer") is pleased to announce that, further to its news releases dated October 23rd and November 15th, 2023, it has closed its non-brokered private placement (the "Offering") for gross proceeds of $2,038,030.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - November 27, 2023) - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the "Company" or "Archer") is pleased to announce that, further to its news releases dated October 23rd and November 15th, 2023, it has closed its non-brokered private placement (the "Offering") for gross proceeds of $2,038,030.
  • Each NFT Unit is comprised of one common share in the capital of the Company (a "Common Share") and one non-transferable Common Share purchase warrant (a "Warrant").
  • Certain directors and officers of the Company (the "Insiders") participated in the Offering and purchased a total of 1,984,275 NFT Units and 222,200 FT Units.
  • Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Archer Exploration Announces Non-Brokered Private Placement

Retrieved on: 
Monday, October 23, 2023

Vancouver, British Columbia--(Newsfile Corp. - October 23, 2023) - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the "Company" or "Archer") is pleased to announce a non-brokered private placement of securities to raise total gross proceeds up to C$1,500,000 (the "Offering").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - October 23, 2023) - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the "Company" or "Archer") is pleased to announce a non-brokered private placement of securities to raise total gross proceeds up to C$1,500,000 (the "Offering").
  • Each NFT Unit will be comprised of one common share in the capital of the Company (a "Common Share") and one non-transferable Common Share purchase warrant (a "Warrant").
  • The net proceeds from the sale of NFT Units will be used for general working capital purposes.
  • Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

STEADRIGHT ANNOUNCES EXPERT GEOPHYSICS TECHNICAL ADVISOR ALAN KING

Retrieved on: 
Tuesday, December 20, 2022

Huntsville, ONT., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Steadright Critical Minerals (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce the newest addition to our team, Mr. Alan King, as Technical Advisor in Geophysics for the Company.

Key Points: 
  • Huntsville, ONT., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Steadright Critical Minerals (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce the newest addition to our team, Mr. Alan King, as Technical Advisor in Geophysics for the Company.
  • Alan worked for INCO Exploration and Technical Services as senior geophysicist and manager of geophysics from 1990 until 2006 when INCO was taken over by VALE.
  • At VALE, Alan resumed a technical role and then became chief geophysicist for VALE Global Exploration until he retired from VALE in 2012.
  • He brings his wealth of experience in the application of geophysics in base metal exploration to Steadright.

Wallbridge Mining Company Limited Announces Closing of C$15.0 Million Bought Deal Financing

Retrieved on: 
Thursday, February 24, 2022

TORONTO, Feb. 24, 2022 (GLOBE NEWSWIRE) --  Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF), ("Wallbridge" or the "Company") today announced that it has completed the previously announced "bought deal" public offering through the issuance of an aggregate of 27,300,000 charity flow-through common shares of the Company (each, a "Charity Flow-Through Share") at a price of C$0.55 (the "Offering Price") per Charity Flow-Through Share for gross proceeds of C$15,015,000 to the Company (the "Offering"). The Charity Flow-Through Shares were issued and sold pursuant to the terms of an underwriting agreement dated February 8, 2022 among the Company, BMO Capital Markets, as lead underwriter and sole bookrunner, Cormark Securities Inc., Eight Capital and Paradigm Capital Inc. (collectively, the “Underwriters”) .

Key Points: 
  • TORONTO, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF), ("Wallbridge" or the "Company") today announced that it has completed the previously announced "bought deal" public offering through the issuance of an aggregate of 27,300,000 charity flow-through common shares of the Company (each, a "Charity Flow-Through Share") at a price of C$0.55 (the "Offering Price") per Charity Flow-Through Share for gross proceeds of C$15,015,000 to the Company (the "Offering").
  • Effective as of February 8, 2022, Kirkland Lake Gold Ltd. became a wholly owned subsidiary of Agnico Eagle Mines Limited.
  • William Day Holdings Limited also participated, as a back-end buyer in the Offering acquiring 1,612,903 common shares in the capital of the Company.
  • This news release has been authorized by the undersigned on behalf of Wallbridge Mining Company Limited.

Inventus Mining Samples Up To 7.2 g/t Palladium at Rathbun, 3D IP Survey at Cobalt Hill Shows Large Anomaly

Retrieved on: 
Thursday, October 7, 2021

Rathbun surface grab samples return up to 7.2 g/t palladium, 1.1 g/t platinum, 0.7 g/t gold, 1.0% copper, and 0.5% nickel.

Key Points: 
  • Rathbun surface grab samples return up to 7.2 g/t palladium, 1.1 g/t platinum, 0.7 g/t gold, 1.0% copper, and 0.5% nickel.
  • Cobalt Hill 3D IP survey identifies a large 600 m by 500 m anomaly with an untested core that may extend to depth below the survey limit.
  • The IP anomaly is in the center of the observed alteration and brecciation at Cobalt Hill.
  • Inventus is currently planning a winter drilling program at Cobalt Hill to test the IP anomaly associated with the mineral system at Cobalt Hill.

Magna Mining Reports High Grade Surface Samples on the Baldwin Patents Portion of the Shakespeare Ni-Cu-PGM Project, Ontario, Canada

Retrieved on: 
Tuesday, September 14, 2021

Highlights Include 13.19% Cu, 0.07% Co, 16.20 g/t Ag and 1.81 g/t Au

Key Points: 
  • Mynyr Hoxha, Vice President of Exploration, states, "The results of our initial field work on the Baldwin Patents have exceeded our expectations.
  • The Baldwin Patents, along with the P-4, Springer and Spanish River regional targets, are all part of our regional exploration program that we are conducting this year.
  • Samples are collected from outcrop, placed into plastic bags, and then transported to the Magna Mining core facility.
  • Magna Mining is an exploration and development company focused on sulphide nickel, copper and PGM projects in the Sudbury Region of Ontario, Canada.

Inventus Identifies Sudbury Offset Dykes Above the Temagami Anomaly

Retrieved on: 
Thursday, November 14, 2019

Inventus has identified Sudbury offset dykes above the Temagami Magnetic Anomaly.

Key Points: 
  • Inventus has identified Sudbury offset dykes above the Temagami Magnetic Anomaly.
  • Inventus has now identified 3 Sudbury Offset Dykes and a large 14+ km Sudbury Breccia Belt created by the enormous energy released from the meteorite impact that formed the Sudbury Basin (see Figure 1).
  • These features are attractive exploration targets because comparable geological offset dykes and breccia around the Sudbury Basin host world-class Ni-Cu-PGE orebodies.
  • In 2014, Canadian Continental Exploration Corporation (CCEC)* drilled a Sudbury offset dyke when targeting the peak of the Temagami Magnetic Anomaly (see press release http://www.inventusmining.com/s/May-7-Sudbury-2.pdf ).