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...

Steadright Critical Minerals Inc. is pleased to announce that it has entered into an arm's length share exchange agreement dated May 27th, 2024, with 1302990 B.C. Ltd. and the shareholders of BCCo , pursuant to which the Company will acquire all of the issued and outstanding shares in the capital of BCCo from the Vendors . BCCo is a private company incorporated pursuant to the laws of the Province of British Columbia and owns a 100% undivided interest in the Saint Gabriel Project . which is comprised of Silica based claims in Quebec, Canada. As consideration for the Acquisition, the Company shall: issue the Vendors an aggregate of 5,500,000 common shares in the capital of the Company at a deemed price of $0.045 per Common Share; and pay the Vendors, on a pro rata basis, an ag...

Northstar Gold Corp.'s CEO, Brian Fowler joined Steve Darling from Proactive to announce the signing of a Letter of Intent with vendors for the 64-hectare Philip Property. This property is adjacent and southeast of Northstar's Miller Copper-Gold Property along the historic Boston Creek Copper Trend.
Fowler explained that the Philip Property LOI strengthens Northstar's strategy to consolidate the Boston Creek Copper Trend and complements the previously signed Boston Creek Mines Property LOI. Both LOIs include a six-month exclusivity period for due diligence and negotiation of acquisition terms.
The Philip Property is crucial to Northstar's exploration strategy for the Boston Creek Copper Trend. It will allow the company to ground truth and drill test the Zone 2 Extension Condu...

Mammoth Resources Corp. CEO Thomas Atkins joined Steve Darling from Proactive to discuss the results of an internal study conducted by the company's geologists, which identified a target for further exploration at the Tenoriba gold-silver exploration property in Mexico. It's important to note that, in accordance with NI 43-101 standards, this target is conceptual in nature, and there is uncertainty whether further exploration will result in its delineation.
The study delineated exploration targets for each of the three gold-silver mineralized areas at Tenoriba, spanning a four-kilometer east-west trend: Carneritos, Masuparia, and Moreno.
Of particular interest is the potential for over 800,000 gold equivalent ounces in the shallow Oxide-Mixed horizon at Carneritos. This near-...

South Pacific Metals Corp. is pleased to announce that it has closed its private placement financing of C$1,500,000, which was originally announced on April 29, 2024. The Company has issued an aggregate of 3,750,000 units of the Company at a price of C$0.40 per Unit to raise gross proceeds of C$1,500,000. Each Unit will consist of one common share of SPMC and one common share purchase warrant, with each warrant exercisable into one common share at an exercise price of C$0.90 per share at any time up to 24 months following the closing date of the Offering. If the volume weighted average trading price of the common shares on the TSX Venture Exchange is equal to or greater than C$1.40 for a period of 30 consecutive days, the Company will have the right to accelerate the expiry ...