VANCOUVER, BC, May 28, 2024 /CNW/ - Trading resumes in: Company: Great Quest Fertilizer Ltd. TSX-Venture Symbol: GQ All Issues: Yes Resumption : 9:30 AM 05/29/2024 CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot provide any information about a spe...

Abcourt Mines Inc. is pleased to announce that it has just obtained from the Ministry of Natural Resources and Forests of Quebec, the necessary authorizations to undertake stripping and drilling work for its Flordin and Discovery properties in the Lebel-sur-Quévillon area. Abcourt will shortly undertake field work on these properties with the aim of determining, based on the results obtained, future locations which will be subject to monitoring by stripping and drilling. The first phase of work which will begin in June will be concentrated between the Flordin deposit and Cartwrigth with the aim of validating the possible connection between the two mineralized zones. Note that the sector is sub-outcropping with little overburden. Despite the prospecting efforts that have already...

Impact Silver Corp. announces its financial and operating results for the first quarter ended March 31, 2024. The Company reports revenue of $5.3 million in Q1 2024, of which $4.3 million was from Guadalupe Mining Centre with $1.0 million from the start-up operations at the Plomosas mine which was acquired in April 2023 . There was a net loss during the period of $3.1 million, primarily from MLAZ as that company incurred $2.8 million in operating costs expensed during the quarter to upgrade the facilities. Subsequent to quarter-end, the Company announced a non-brokered private placement financing of up to $10.2 million, and closed the first tranche for aggregate gross proceeds of $7.1 million. The second tranche is anticipated to close on or before the week of June 3, 2024. Du...

First Mining Gold Corp. is pleased to announce that it intends to complete a flow-through equity financing by way of a non-brokered private placement for aggregate proceeds of up to $5 million . The Offering will consist of up to 24,242,424 national flow-through common shares of the Company at a price of $0.165 per National FT Share and 11,111,111 Quebec flow-through common shares of the Company at a price of $0.18 per Quebec FT Share. The gross proceeds raised from the Offering will be used by First Mining to fund exploration programs that qualify as "Canadian exploration expenses" and "flow-through mining expenditures", as those terms are defined in the Income Tax Act for the National FT Shares and will also qualify for inclusion in the "exploration base relating to certain...

VANCOUVER, BC, May 28, 2024 /CNW/ - Kubera Gold Corp. is pleased to announce that its board of directors have approved a forward split of the Company's common shares on the basis of two new Common Shares for each one Common Share currently outstanding , with an effective date of May 31, 2024. Each shareholder of record of the Company as of the close of business on May 31, 2024 will receive one additional share for each share held on such date. The Company currently has 9,591,920 Common Shares issued and outstanding. Upon completion of the Share Split, there will be 19,183,840 Common Shares issued and outstanding. The Company's authorized share capital will remain unchanged. Outstanding stock options will also be adjusted by the Share Split ratio and the exercise price of outs...

Val-d'Or, Québec-- - Val-d'Or Mining Corporation announces that, further to its news releases of May 14 and 17, 2024, it has completed a debenture financing for gross proceeds of $430,000. The Company issued 43 debenture units at an issue price of $10,000 per Debenture Unit. Each Debenture Unit consists of one convertible senior unsecured debenture with a principal amount of $10,000 and 70,000 detachable common share purchase warrants . Each Warrant is exercisable for a period of 12 months from the closing of the Debenture Financing, at an exercise price per Warrant of $0.07. Two insiders of the Company participated in the Debenture Financing for aggregate cash consideration to the Company of $210,000, which constitutes a Related Party Transaction under TSX Venture Exchange Policy 5.9 and ...

TVI Pacific Inc. is pleased to announce that the Company has entered into a funding commitment agreement on May 27, 2024 with Prime Resources Holdings, Inc. , whereby the Lender has agreed to commit to fund Shortfall Amounts to the extent that the Issuer is unable to pay such amounts as they become due. Pursuant to the terms of the Funding Commitment Agreement, the Lender has agreed to fund the certain legacy expenses of the Company, provided that the aggregate amount of such expenses shall not exceed approximately $3.3 million; and the costs and expenses of TVI incurred in the normal and ordinary course of its business which are necessary to enable TVI to continue its operations in the same manner and to the same extent as conducted immediately prior to the date of the Fundi...

Gold Reserve Inc. announced today that it has entered into an agreement with a lead agent and bookrunner to undertake a best efforts private placement of Class A common shares of the Company for anticipated gross proceeds of up to US$10 million at a price per Common Share of US$3.50 . The Share Offering is expected to be completed on a best efforts basis pursuant to a formal agency agreement to be entered into between the Company and the Agent, as lead agent and bookrunner. The number of Common Shares to be sold will be determined in the context of the market in conjunction with the marketing efforts and there can be no assurance as to completion of the Share Offering. The closing of the Share Offering is expected to occur on or about June 7, 2024 and is subject to the complet...

Besra Gold Inc. refers to its ASX announcement dated 15 May 2024 and advises that the Company has today received confirmation from Quantum Metal Recovery Inc that Quantum has successfully opened in Australia a US$ bank account with the Commonwealth Bank of Australia . As a consequence of the opening of this US$ bank account, Quantum will now be able to meet the Malaysian regulatory requirements and commence sending US dollars from Malaysia directly to Quantum's US$ CBA bank account. Following receipt of these US dollars into Quantum's Australian US$ bank account, Quantum can then transfer US dollars into Besra's existing Australian US$ bank account in accordance with the Gold Purchase Agreement. As further advised by Besra on 15 May 2024, following the receipt by Besra of the ...

A.I.S. Resources Ltd. announces the closing of a private placement of convertible debentures and detachable warrants for gross proceeds of $195,000. Principal will be convertible into common shares at $0.05 per common share for a term of one year from the closing date . The convertible debentures will bear interest at a rate of 6.0% per annum payable on the Maturity Date. Accrued interest may be paid in cash or converted to common shares at the Market Price at the time the accrued interest becomes payable. 1,950,000 detachable common share purchase warrants will be issued on the closing date. Each Warrant will be exercisable to acquire one common share of the Company for a period of one year from the closing date at an exercise price of $0.08 per Warrant Share. The common sha...

TSX.V: COCO Coast Copper Corp. is pleased to announce that it has earned a 100% interest in certain mineral claims which form part of the Empire Mine property by making the fifth and final payment, consisting of a cash payment of $250,000 and the issuance of 1,000,000 common shares of Coast Copper to Mirva Properties Ltd. pursuant to an option agreement that was signed on September 22, 2020 . Empire Mine also consists of certain crown grants . Adam Travis, Coast Copper CEO comments: "We are very encouraged by the increased attention that high-grade, critical mineral projects in safe jurisdictions like British Columbia are starting to attract. Benson Lake Mine ticks a number of these boxes having been a high-grade copper producing project for Cominc...

Correction: In the Fredonia Mining Inc. announcement dated May 21, 2024, it was incorrectly stated that Mr. Omar Salas would be remaining with the Company in an advisory role. The complete corrected version follows. The Company is preparing an initial mineral resource estimate at the El Dorado Monserrat project, targeted for release in Q3 of this year. The mineral resource estimate will be based on three drilling campaigns carried out over the past three years, representing a total of 10,982.7 meters of diamond drilling, plus historical drillings of the project. TORONTO, May 28, 2024 -- Fredonia Mining Inc. announces that it has commissioned the preparation of an initial mineral resource estimate at the EDM project, targeted for Q3, 2024. The work is being under...

Red Lake Gold Inc. is pleased to announce that Thunder Bay-based Fladgate Exploration Consulting Corporation has deployed a four-person team to perform field exploration at the Corporation's Whirlwind Jack Gold Project near Red Lake, Ontario . "This environmentally conscious exploration program could help provide insight into the nature of the widespread mag low corridor situated within the eastern-most priority area of our project. Red Lake Gold believes the mag low area may correspond to coverage of the LP Fault, a regional structure that is gold-bearing at the adjoining Great Bear project, which in turn is contiguous with our Whirlwind Jack project. Red Lake Gold's near-term exploration objective is to further test the potential extension of this fault and to explore for g...