PGLD

P2 Gold Closes Second Tranche of Non-Flow-Through Financing

Retrieved on: 
Wednesday, May 31, 2023
Minority, TSX Venture Exchange, Expiration date, Act, PGLD, Offering, Warrant, Multilateral, News, Security (finance), Unit

VANCOUVER, British Columbia, May 31, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that it has closed the second tranche (the “Second Tranche”) of its non-brokered private placement of non-flow-through units (the “Units”) at $0.27 per Unit, for gross proceeds of up to approximately $1.5 million (the “Offering”), previously announced on April 5, 2023 and May 4, 2023. The Second Tranche consisted of 785,632 Units for gross proceeds of approximately $212,000.

Key Points: 
  • VANCOUVER, British Columbia, May 31, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that it has closed the second tranche (the “Second Tranche”) of its non-brokered private placement of non-flow-through units (the “Units”) at $0.27 per Unit, for gross proceeds of up to approximately $1.5 million (the “Offering”), previously announced on April 5, 2023 and May 4, 2023.
  • The Second Tranche consisted of 785,632 Units for gross proceeds of approximately $212,000.
  • All securities issued pursuant to the Second Tranche are subject to a four-month hold period expiring on October 1, 2023.
  • Insiders of the Company subscribed for 92,593 Units of the Second Tranche.

P2 Gold Announces Option Grants

Retrieved on: 
Thursday, May 25, 2023
TSX Venture Exchange, Consultant, PGLD, Security (finance)

VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that pursuant to its Stock Option Plan, it has granted stock options to directors, officers, employees and consultants of the Company to purchase an aggregate of 2,258,333 common shares in the capital of the Company at an exercise price of $0.24 per share, which expire on May 24, 2025.

Key Points: 
  • VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that pursuant to its Stock Option Plan, it has granted stock options to directors, officers, employees and consultants of the Company to purchase an aggregate of 2,258,333 common shares in the capital of the Company at an exercise price of $0.24 per share, which expire on May 24, 2025.
  • Following this stock option grant, the Company has a total of 8,032,499 stock options outstanding representing approximately 7.63% of the outstanding common shares of the Company.
  • This stock option grant is subject to acceptance by the TSX Venture Exchange (the “Exchange”).

P2 Gold Extends BAM Option Term

Retrieved on: 
Monday, May 8, 2023
BAM, Exercise, Acute and obtuse triangles, Option, TSX Venture Exchange, South Tyrol Option Agreement, Contract management, PGLD, Acquisition, Columbia, Golden Triangle, News, Security (finance)

VANCOUVER, British Columbia, May 08, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that, subject to TSX Venture Exchange (the “Exchange”) approval, it has restructured the option agreement (the “Option Agreement”) dated June 29, 2020 to acquire 100% of the BAM Property by extending the term of the option.

Key Points: 
  • VANCOUVER, British Columbia, May 08, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that, subject to TSX Venture Exchange (the “Exchange”) approval, it has restructured the option agreement (the “Option Agreement”) dated June 29, 2020 to acquire 100% of the BAM Property by extending the term of the option.
  • The BAM Property is located in the Golden Triangle in northwest British Columbia and together with the Company’s adjoining Ball Creek Claims is known as the BAM Project.
  • (See the Company’s news release dated July 2, 2020, announcing the acquisition of the option to acquire the BAM Property).
  • In extending the term of the option, the Company has entered into an amending agreement (the “Amending Agreement”) amending the terms of the Option Agreement pursuant to which the Company can acquire a 100% interest in the BAM Property.

P2 Gold Upsizes and Closes First Tranche of Financings

Retrieved on: 
Thursday, May 4, 2023
Unit, FT, Minority, NFT, TSX Venture Exchange, Income Tax Act 1967, Private, Act, Exchange, PGLD, Private placement, Income Tax Act, Multilateral, News, Cryptocurrency, Security (finance)

VANCOUVER, British Columbia, May 04, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that it intends to increase the size of its non-brokered private placement of flow-through units (the “FT Offering”) and non-flow-through units (the “NFT Offering”) (together, the FT Offering and NFT Offering are the “Private Placement”), previously announced on April 5, 2023, and that it has closed the first tranche (the “First Tranche”) of the Private Placement consisting of 6,397,000 flow-through units in the capital of the Company (the “FT Units”) at a price of $0.32 per FT Unit for gross proceeds of approximately $2.05 million and 2,826,295 non-flow-through units (the “NFT Units” and together with the FT Units, “Units”) at a price of $0.27 per NFT Unit for gross proceeds of approximately $0.76 million.

Key Points: 
  • Each FT Unit will consist of one flow-through common share in the capital of the Company (a “FT Share”) and one non-flow-through common share purchase warrant (a “FT Warrant”).
  • The FT Shares will qualify as “flow-through shares” for purposes of the Income Tax Act (Canada).
  • All securities issued pursuant to the First Tranche will be subject to a four-month hold period expiring on September 5, 2023.
  • Insiders of the Company subscribed for 900,000 NFT Units of the First Tranche.

P2 Gold Announces Financings

Retrieved on: 
Wednesday, April 5, 2023
Unit, FT, Minority, NFT, TSX Venture Exchange, Income Tax Act 1967, Private placement, Private, Act, Exchange, PGLD, Documentation, Income Tax Act, Multilateral, News, Cryptocurrency, Security (finance)

VANCOUVER, British Columbia, April 05, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that it intends to complete a non-brokered private placement of flow-through units (the “FT Offering”) and non-flow-through units (the “NFT Offering”) (together, the FT Offering and NFT Offering are the “Private Placement”).

Key Points: 
  • VANCOUVER, British Columbia, April 05, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that it intends to complete a non-brokered private placement of flow-through units (the “FT Offering”) and non-flow-through units (the “NFT Offering”) (together, the FT Offering and NFT Offering are the “Private Placement”).
  • The FT Shares will qualify as “flow-through shares” for purposes of the Income Tax Act (Canada).
  • The proceeds of the NFT Offering will be used to fund exploration and engineering expenditures and for general corporate purposes.
  • This shorter period is reasonable and necessary in the circumstances as the Company wishes to complete the Offering in a timely manner.

P2 Gold Gabbs Update

Retrieved on: 
Wednesday, March 29, 2023
Minority, Act, PGLD, PEA, Acquisition, Gold, LP, Multilateral, News, NSMT, Security (finance)

VANCOUVER, British Columbia, March 29, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) provides an update on its wholly-owned gold-copper Gabbs Project located on the Walker-Lane Trend in Nevada.

Key Points: 
  • VANCOUVER, British Columbia, March 29, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) provides an update on its wholly-owned gold-copper Gabbs Project located on the Walker-Lane Trend in Nevada.
  • The Company has restarted the preliminary economic assessment (“PEA”) on the Gabbs Project, which is expected to be completed in the third quarter of this year.
  • This area is below the Gold Ledge Zone and confirms the two-dimensional interpretation of the NSMT inversion model.
  • (See the Company’s news release dated March 21, 2023 announcing the closing of the restructuring of the outstanding payment terms for the acquisition of the Gabbs Project).

P2 Gold Closes Restructuring of Gabbs Payment Terms

Retrieved on: 
Tuesday, March 21, 2023
Minority, TSX Venture Exchange, Share (finance), Act, Exchange, Note, Sale, PGLD, Acquisition, Companies (1st Amendment) Act, 2015, Fair Play, LP, Multilateral, News, Security (finance)

VANCOUVER, British Columbia, March 21, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that, following the approval of the TSX Venture Exchange (the “Exchange”), it has closed the restructuring of the outstanding payment terms for the acquisition of the Gabbs Project located on the Walker-Lane Trend in the Fairplay Mining District of Nye County, Nevada.

Key Points: 
  • VANCOUVER, British Columbia, March 21, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that, following the approval of the TSX Venture Exchange (the “Exchange”), it has closed the restructuring of the outstanding payment terms for the acquisition of the Gabbs Project located on the Walker-Lane Trend in the Fairplay Mining District of Nye County, Nevada.
  • (See the Company’s news release dated March 6, 2023 announcing the restructuring of the outstanding payment terms for the acquisition of the Gabbs Project).
  • In closing the restructuring, the Company issued 2,659,748 shares (the “Shares”) in the capital of the Company to Waterton Nevada Splitter, LLC (“Waterton”), an affiliate of Waterton Precious Metals Fund II Cayman, LP.
  • Also as part of the restructuring, the Company issued to Waterton a US$4,000,000, zero coupon convertible note (the “Note”), which has been approved by the Exchange as part of the restructuring.

P2 Gold Acquires Ball Creek Claims

Retrieved on: 
Tuesday, March 7, 2023
TSX Venture Exchange, Acquisition, Resource, Sandstorm Gold, PGLD, Agreement, Ball Creek, Holding company, Pharmaceutical industry, Rare-earth element, Exchange, Dust storm, Orogenic belt

VANCOUVER, British Columbia, March 07, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that it has entered into an agreement (the “Agreement”) with a wholly-owned subsidiary of Orogen Royalties Inc. (“Orogen”), a TSX Venture Exchange (the “Exchange”) listed company, for the acquisition of certain mineral claims (the “Ball Creek Claims”) that comprise the western portion of Orogen’s Ball Creek Property.

Key Points: 
  • VANCOUVER, British Columbia, March 07, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that it has entered into an agreement (the “Agreement”) with a wholly-owned subsidiary of Orogen Royalties Inc. (“Orogen”), a TSX Venture Exchange (the “Exchange”) listed company, for the acquisition of certain mineral claims (the “Ball Creek Claims”) that comprise the western portion of Orogen’s Ball Creek Property.
  • The Agreement remains subject to Exchange approval.
  • Under the terms of the Agreement, in return for the transfer of the Ball Creek Claims, the Company will issue four million shares in its capital to Orogen and grant Orogen a one percent net smelter returns royalty in respect of production from the Ball Creek Claims.
  • Under the Agreement, the Company has agreed to assign Orogen the right to repurchase one percent of the Sandstorm Royalty and assume the obligations to Sandstorm on the announcement of a one-million-ounce Mineral Resource and a positive feasibility study in respect of the portion of the Ball Creek Property being acquired by the Company.

P2 Gold Restructures Gabbs Payment Terms

Retrieved on: 
Monday, March 6, 2023
TSX Venture Exchange, Report of the Committee on Company Law Amendment, Acquisition, News, LP, Note, Sale, Fair Play, PGLD, Exchange, Cryptocurrency, Security (finance)

VANCOUVER, British Columbia, March 06, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that, subject to TSX Venture Exchange (the “Exchange”) approval, it has restructured the outstanding payment terms for the acquisition of the Gabbs Project located on the Walker-Lane Trend in the Fairplay Mining District of Nye County, Nevada.

Key Points: 
  • VANCOUVER, British Columbia, March 06, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports that, subject to TSX Venture Exchange (the “Exchange”) approval, it has restructured the outstanding payment terms for the acquisition of the Gabbs Project located on the Walker-Lane Trend in the Fairplay Mining District of Nye County, Nevada.
  • (See the Company’s news releases dated February 23, 2021, announcing the acquisition of the Gabbs Project, and May 5, 2021 and April 28, 2022, announcing amendments to the terms of the acquisition of the Gabbs Project).
  • “We appreciate Waterton’s support in restructuring the payment terms for the acquisition of our Gabbs Project,” commented Joe Ovsenek, President and CEO of P2.
  • “Under the prior terms, US$8.9 million was due this May.

P2 Gold Files BAM Project Technical Report

Retrieved on: 
Friday, February 17, 2023
BAM, PGLD, FEC, NI, National instrument, SEDAR, News, Technical report, CET, Barr v. American Assn. of Political Consultants, Inc., Consultant, Mining, Cryptocurrency

VANCOUVER, British Columbia, Feb. 17, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports it has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report entitled “Technical Report and Initial Mineral Resource Estimate of the Monarch Gold Zone, Bam Gold Property, Liard Mining Division, British Columbia”, with an effective date of January 24, 2023 (the “BAM Technical Report”).

Key Points: 
  • VANCOUVER, British Columbia, Feb. 17, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports it has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report entitled “Technical Report and Initial Mineral Resource Estimate of the Monarch Gold Zone, Bam Gold Property, Liard Mining Division, British Columbia”, with an effective date of January 24, 2023 (the “BAM Technical Report”).
  • The BAM Technical Report is available under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.p2gold.com.
  • The BAM Technical Report was prepared by William Stone, Ph.D., P.Geo., Eugene Puritch, P.Eng., FEC, CET, Jarita Barry, P.Geo.
  • Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Company Qualified Person, as defined by NI 43-101, responsible for the BAM Project.