March 29, 2018 / Vancouver, British Columbia / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), is pleased to announce that, further to its news release of March 13, 2018, due to high demand, it has closed an over-subscribed private placement (the “Private Placement”) raising gross proceeds of $1,287,000 by the issuance of 6,435,000 units (the “Units”) at a price of $0.20 per Unit. Each Unit consists of one common share and one transferable common share purchase warrant exercisable for a period of two years from the date of closing at an exercise price of CAD$0.30 per share. All securities issued are subject to a four-month hold period. The Company paid finder’s fees of 6% cash and 6% finder’s warrants to PI Financial Corp. The Private Placement proceeds will be used to fund the initial diamond drilling at the Company’s Hombre Muerto North lithium project in Salta province, Argentina and for general working capital. About the CompanyNRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Hombre Muerto Norte project, the Company is evaluating its 29,000 hectare Salar Escondido project in Catamarca province where the company recently completed the first drill hole that proved the Company’s conceptual model of a buried lithium brine target. On behalf of the board of directors of NRG Metals Inc.: Adrian F.C. Hobkirk T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272 The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/2uz2mOR
0 Comments
via Denison Mines Corp. News Feed https://ift.tt/2urMsG6 via Denison Mines Corp. News Feed https://ift.tt/2pN4HRH TORONTO, March 26, 2018 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE American:NGD) announced today the pending retirement of four Directors, Vahan Kololian, Martyn Konig, Randall Oliphant and Kay Priestly, as well as the nomination of two new independent Directors, Dr. Gillian Davidson and Peggy Mulligan. Overall, the changes result in the planned reduction in the size of the Board from nine to seven members.
>>> Read more VANCOUVER, British Columbia, March 22, 2018 (GLOBE NEWSWIRE) -- Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt:OQS2) (OTC Pink:SLTFF) (“Pistol Bay” or the “Company’) is pleased to announce that it has commenced its planned 3,500-metre diamond drilling program on its 51,000-acre Confederation Lake property in northwestern Ontario. via Pistol Bay Mining Inc. http://ift.tt/2IJ3Rx5 March 13, 2018 / Vancouver, British Columbia / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), is pleased to announce that, subject to the approval of the TSX Venture Exchange (the “Exchange”), it proposes to raise up to CAD$1,200,000 through a non-brokered private placement of up to 6,000,000 units at a price of CAD$0.20 per unit. Each unit will consist of one common share and one transferable common share purchase warrant of the Company, with each warrant exercisable for a period of 2 years from the date of closing at a price of CAD$0.30 per share. Finder’s fees may be payable in accordance with the policies of the Exchange. All securities issued in connection with the private placement are subject to a 4-month hold period in Canada. The private placement proceeds will be for general working capital. About the CompanyNRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Hombre Muerto Norte project, the Company is evaluating its 29,000 hectare Salar Escondido project in Catamarca province where the company recently completed the first drill hole that proved the Company’s conceptual model of a buried lithium brine target. On behalf of the board of directors of NRG Metals Inc.: Adrian F.C. Hobkirk T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272 The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation http://ift.tt/2GDIug9 March 13, 2018 / Vancouver, British Columbia / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), is pleased to announce that it has awarded a contract for the initial diamond drilling at its Hombre Muerto North lithium project (“HMN”) in Salta province, Argentina to AGV Falcon Drilling SRL of Salta, Argentina. The initial phase of drilling will consist of three cores holes, which will be drilled up to a maximum depth of 400 meters depending upon results obtained. The drilling is expected to commence in early-April, depending upon weather conditions. The HMN project is located at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC’s producing Fenix lithium mine and Galaxy Resources’ Sal de Vida development stage project. The Fenix mine is the largest producing lithium mine in Argentina, and the Sal de Vida project is the largest development stage lithium project in Argentina. The project comprises mining concessions totaling approximately 3,287 hectares (8,122 acres) and is located 170 km southeast of the provincial capital of Salta. The project concessions are shown on the map at the conclusion of this press release. Further details are available at the company website at www.nrgmetalsinc.com, including a recently completed National Instrument 43-101 Technical Report. About NRG NRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Hombre Muerto Norte project, the Company is evaluating its 29,000 hectare Salar Escondido project in Catamarca province where the company recently completed a first drill hole that confirmed the Company’s conceptual model of a buried lithium brine target. NRG Metals Inc. currently has approximately 107 million shares issued and outstanding, and trades on the TSX Venture Exchange under symbol NGZ, on the OTC QB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN. The Company currently has working capital of CAD$3.1 million dollars. On behalf of the board of directors of NRG Metals Inc.: Adrian F.C. Hobkirk T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272 Technical Disclosure The preparation of this press release was supervised by Mr. James K. Duff, a Licensed Professional Geologist and a Registered Member of the Society for Mining, Metallurgy and Exploration and a Qualified Person as defined under National Instrument 43-101. Mr. Duff approves the scientific and technical disclosure contained in this press release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release. This news release contains certain “forward- looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward- looking statements. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation http://ift.tt/2GqQ0Le NRG Metals Inc. has received $510,000 from the exercise of 2.55 million warrants that were accelerated from Nov. 24, 2018, to March 16, 2018. The original press release announcing the acceleration of certain warrants was made on Feb. 9, 2018. The company advises that 4.7 million accelerated warrants and 440,250 accelerated finder’s warrants remain exercisable until the expiration date of March 16, 2018. About the companyNRG Metals is an exploration stage company focused on the advancement of lithium brine projects in Argentina. Logistics for an exploration drill program are being completed for the Hombre Muerto North lithium project located in Salta, Argentina. Comprising a total of 3,287 hectares, the drill-ready HMN project is situated at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC’s Fenix mine, and contiguous to Galaxy Resource’s Sal de Vida lithium project. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation http://ift.tt/2tKNaxH VANCOUVER, British Columbia, March 12, 2018 (GLOBE NEWSWIRE) -- Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt:OQS2) (OTC Pink:SLTFF) (“Pistol Bay” or the “Company’) is pleased to announce that the Company has signed a contract for a minimum of 3,000 metres of diamond drilling on its Confederation Lake property in northwestern Ontario. The property now covers an area of approximately 20,700 hectares or 51,000 acres. via Pistol Bay Mining Inc. http://ift.tt/2GiYEeu MONTREAL, QUEBEC--(Marketwired - March 1, 2018) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to report that diamond drilling will resume on the Maritime-Cadillac property in partnership with Agnico Eagle Mines Limited ("Agnico Eagle"). The Maritime-Cadillac property is contiguous to the Lapa gold mine.
The objective of this new program, initially comprising two (2) drill holes totalling up to 1,500 metres, is to test the potential depth extensions of the gold-bearing zone intersected in drill hole 141-17-36 on the historic Maritime-Cadillac showing (see press release by Midland dated July 6, 2017). This drill hole intersected an interval grading 1.46 g/t Au over 31.6 metres, from 112.80 to 144.40 metres, including 2.2 g/t Au over 15.6 metres at a vertical depth of approximately 100 metres. This zone included several higher-grade sections, namely 4.3 g/t Au over 0.9 metre (124.1 to 125.0 m), 3.4 g/t Au over 1.0 metre (126.0 to 127.0 m), and 5.7 g/t Au over 0.6 metre (135.0 to 135.6 m) (Note that results are reported as core lengths and that true thicknesses cannot be determined at this time with the information currently available). Following a field assessment of this showing conducted last summer, this area of the Maritime-Cadillac showing is now interpreted as a fold hinge. The drilling program will test the nose of this southwest-plunging fold. The Maritime-Cadillac property (JV Agnico Eagle 51% and Midland 49%) is well located in the eastern part of the Cadillac mining camp, south of the Lapa gold mine. The presence of significant lithological contacts (Pontiac-Piché-Cadillac) within the Cadillac-Larder Lake deformation zone provides excellent potential for the development of lode gold or disseminated gold deposits. Due to a shortage of available drilling companies in February, the helicopter-supported drilling program planned on the Vortex zone, on the Casault project, has been postponed until mid-March at the earliest. This major program, consisting of nine (9) drill holes totalling more than 3,500 metres, is designed to test the extensions of the new Vortex discovery. About Midland Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as Agnico Eagle Mines Limited, IAMGOLD Corporation, Osisko Mining Inc., Altius Resources Inc., SOQUEM INC., Teck Resources Limited, Niobay Metals Inc. and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value. This press release was prepared by Mario Masson, VP Exploration for Midland, certified geologist and Qualified Person as defined by NI 43-101. For further information, please consult Midland's website. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland's periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities. |
Archives
May 2021
Categories |