Saindak Copper Gold Project

Abcourt Closes a Third Tranche of the Private Placement of Units Previously Announced, for an Additional Amount of $209,000

Retrieved on: 
Friday, November 17, 2023

ROUYN-NORANDA, Quebec, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) announces that it has completed a third tranche of the non-brokered private placement announced on August 31, 2023, for additional gross proceeds of $209,000, representing 5,225,000 units of the Corporation (“Units”) at a price of $0.04 per Unit (the "Offering"). In the aggregate, total gross proceeds of the Offering are of $2,330,150.

Key Points: 
  • In the aggregate, total gross proceeds of the Offering are of $2,330,150.
  • Each Unit consists of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”).
  • Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.05 for a period of 36 months.
  • The Offering remains subject to final approval of the Exchange.

Abcourt Closes a Second Tranche of the Private Placement of Units Previously Announced, for an Additional Amount of $538,400

Retrieved on: 
Thursday, October 12, 2023

ROUYN-NORANDA, Quebec, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) announces that it has completed a second tranche of the non-brokered private placement announced on August 31, 2023, for additional gross proceeds of $538,400, representing 13,460,000 units of the Corporation (“Units”) at a price of $0.04 per Unit (the "Offering").

Key Points: 
  • Each Unit consists of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”).
  • Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.05 for a period of 36 months.
  • The Offering and the Royalty Payment remain subject to final approval of the Exchange.
  • This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Abcourt Closes a First Tranche of the Private Placement of Units Previously Announced, for an Amount of $1,582,750

Retrieved on: 
Thursday, September 7, 2023

ROUYN-NORANDA, Quebec, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) announces that it has completed a first closing of the non-brokered private placement announced on August 31, 2023, for gross proceeds of $1,582,750, representing 39,568,750 Units of the Corporation at a price of $0.04 per Unit (the "Offering"). Each Unit consists of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.05 for a period of 36 months following the closing date of the Offering.

Key Points: 
  • Each Unit consists of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”).
  • Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.05 for a period of 36 months following the closing date of the Offering.
  • A cash commission of $1,800 and warrants to acquire 45,000 units at a price of $0.05 per unit (the “Finder’s Units”) are payable to Red Cloud Securities Inc., as finder’s fees, for subscriptions sourced by the Finder.
  • The following related parties to Abcourt have participated in the Offering as follows:
    Francois Mestrallet, Director, through SARL MF, a private company controlled by François Mestrallet, has purchased 25,000,000 Units for an amount of $1,000,000.

Abcourt Amends the Terms of the Non-Brokered Private Placement Announced In June 2023

Retrieved on: 
Thursday, August 31, 2023

ROUYN-NORANDA, Quebec, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) announces that it amends the terms of the non-brokered private placement announced in June 2023, for which no closing occurred. It is now expected to raise gross proceeds of up to $3,000,000 (the "Offering"), consisting of up to 75,000,000 units of the Corporation (the "Units") at a price of $0.04 per Unit. Each Unit will consist of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.05 for a period of 36 months following the closing date of the Offering.

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
    ROUYN-NORANDA, Quebec, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) announces that it amends the terms of the non-brokered private placement announced in June 2023, for which no closing occurred.
  • It is now expected to raise gross proceeds of up to $3,000,000 (the "Offering"), consisting of up to 75,000,000 units of the Corporation (the "Units") at a price of $0.04 per Unit.
  • Each Unit will consist of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”).
  • A first closing of the Offering is expected to take place on or around September 6, 2023 and remains subject to certain conditions, including receipt of the approval of the TSX Venture Exchange.

First Mining Announces Second Quarter 2023 Financial Results and Operating Highlights

Retrieved on: 
Thursday, August 10, 2023

VANCOUVER, BC, Aug. 10, 2023 /PRNewswire/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) reports its second quarter 2023 results for the quarter ended June 30, 2023.

Key Points: 
  • VANCOUVER, BC, Aug. 10, 2023 /PRNewswire/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) reports its second quarter 2023 results for the quarter ended June 30, 2023.
  • "We are pleased to announce another successful quarter at First Mining," stated Dan Wilton, CEO of First Mining.
  • "During Q2 2023, we were very active on the exploration front at both around our Springpole Gold Project in the Birch Uchi and at Duparquet, where results have been encouraging.
  • Published First Mining's second annual Environmental, Social and Governance ("ESG") Report for the 2022 year ("ESG Report").

Nicola Mining and High Range Submit Bulk Sample Permit Application and Commence Road Work at the High-Grade Dominion Creek Gold Project

Retrieved on: 
Thursday, August 3, 2023

The Company has previously announced two key agreements that it has entered in with High Range Exploration Ltd. ("High Range").

Key Points: 
  • The Company has previously announced two key agreements that it has entered in with High Range Exploration Ltd. ("High Range").
  • Combined the Profit Share Agreement and Purchase Agreement provide Nicola with a 75% economic interest in the Gold Project.
  • Since signing the Purchase Agreement, High Range and Nicola, (the "Parties") have worked together to successfully submit a 10,000 tonne bulk sample permit ("Bulk Sample Permit") application to the Ministry of Energy, Mines and Low Carbon Innovation ("EMLI") and completed First Nations consultation.
  • Nicola has agreed to fund up to $100,000 to commence roadwork upgrades, which is expected to expedite work on the Gold Project once the Bulk Sample Permit has been approved.

Teako Minerals Corp. Receives Drill and Road Use Permits and Mobilizing Crew to Conduct Induced Polarization Geophysical Survey at the Pinnacle Project

Retrieved on: 
Tuesday, June 27, 2023

The Company has contracted the geophysical services of SJ Geophysics Ltd. of Delta, BC to perform a 3D IP survey over the Aplite Ridge target area on its Pinnacle Project.

Key Points: 
  • The Company has contracted the geophysical services of SJ Geophysics Ltd. of Delta, BC to perform a 3D IP survey over the Aplite Ridge target area on its Pinnacle Project.
  • The IP program is designed to conduct up to 50.4 line kilometers of survey work which is primarily targeting the Aplite Ridge and immediately adjacent target areas.
  • It is projected that a total of approximately 25-to-50-line kilometers of IP survey grid will be conducted during this time period.
  • The drill program permit consists of up to 25 drill sites, along with road and trail construction spanning up to two (2) kilometers.

Abcourt Announces a Non-Brokered Private Placement for up to $3.0 Million to Advance the Sleeping Giant Project

Retrieved on: 
Tuesday, June 13, 2023

ROUYN-NORANDA, Quebec, June 13, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce that it proposes to complete a non-brokered private placement to raise gross proceeds of up to $3,000,000 (the "Offering"). The Offering will consist of up to 54,545,455 units of the Corporation (the "Units") at a price of $0.055 per Unit. Each Unit will consist of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.10 for a period of 36 months following the closing date of the Offering.

Key Points: 
  • The Offering will consist of up to 54,545,455 units of the Corporation (the "Units") at a price of $0.055 per Unit.
  • Each Unit will consist of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”).
  • Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.10 for a period of 36 months following the closing date of the Offering.
  • It is expected that the net proceeds from the Offering will be primarily used to advance activities for development and exploration at the Sleeping Giant Gold Project in the Abitibi Greenstone belt of Quebec and for working capital and general corporate purposes.

Teako Minerals Expands Aplite Creek Target at Pinnacle Copper and Gold Project, British Columbia to Eight Kilometres

Retrieved on: 
Wednesday, May 3, 2023

Vancouver, British Columbia--(Newsfile Corp. - May 3, 2023) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako"), is pleased to provide results from the late season 2022 exploration program on the Company's Pinnacle Copper and Gold Project ("Pinnacle Project").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - May 3, 2023) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako"), is pleased to provide results from the late season 2022 exploration program on the Company's Pinnacle Copper and Gold Project ("Pinnacle Project").
  • Work included soil sampling, geological mapping, rock sampling and drone based magnetic surveying that expanded on the preliminary work completed in 2021 which focused on the gold-rich Aplite Creek copper target.
  • The Pinnacle Project is located in north central British Columbia, 97 km to the north of the town of Fort St. James and covers 15,487 hectares.
  • The Aplite Creek target area now covers an area of approximately 4 km by 8 km.

Osino Announces Filing of Amended and Restated Technical Report for Its Twin Hills Gold Project and Ondundu Gold Project, Namibia

Retrieved on: 
Friday, April 28, 2023

In addition, the Company also wishes to announce that it has filed its amended and restated technical report entitled, “Ondundu Gold Project, Namibia, Amended and Restated NI 43-101 Technical Report” dated effective October 7, 2022 and signed April 21, 2023 (the "Ondundu Technical Report") for its technical report announced in the Company's news release dated December 8, 2022, which amends and restates the technical report for the Ondundu Gold Project filed on December 8, 2022 (the "Previous Ondundu Report").

Key Points: 
  • In addition, the Company also wishes to announce that it has filed its amended and restated technical report entitled, “Ondundu Gold Project, Namibia, Amended and Restated NI 43-101 Technical Report” dated effective October 7, 2022 and signed April 21, 2023 (the "Ondundu Technical Report") for its technical report announced in the Company's news release dated December 8, 2022, which amends and restates the technical report for the Ondundu Gold Project filed on December 8, 2022 (the "Previous Ondundu Report").
  • The Ondundu Technical Report updates and replaces the Previous Ondundu Report to provide disclosure to more correctly meet the form requirements of NI 43-101.
  • There are no material changes to the PFS Technical Report or Ondundu Technical Report and their prior versions, other than to address form requirements under NI 43-101 which were discovered under the process of review in connection with the Company's preliminary short form base shelf prospectus.
  • For additional information, please refer to the PFS Technical Report and Ondundu Technical Report available on the Osino website and filed on SEDAR under the Company's profile at www.sedar.com, which is an update of the Initial PFS and contains the most current comprehensive technical information and reflects the Company's news release dated September 6, 2022.