PNG Gold Corp.

PNG Gold announces that it is extending its non-brokered private placement as previously announced on November 29, 2016. The Company also wishes to announce that it is increasing the size of the Offering to up to $1.2M due to investor demand. On December 13, 2016, the Company closed upon a first tranche of the Offering consisting of 5,550,000 units at a price of $0.10 per Unit for gross proceeds of $555,000. Each [...]

PNG Gold The Company announces that it has granted a limited 30-day extension to its forbearance agreement with VeroLube, previously announced by the Company on April 2, 2016. The extension, from December 31, 2016 to January 30, 2017, will be granted subject to certain conditions being met by VeroLube, including: the delivery to the Company of three originally executed copies of the patent licence agreement, and [...]

PNG Gold provides the following additional information pursuant to its previous press release dated November 10, 2016. Contracts for engineering pre-FEED studies have been entered into with Stantec Engineering and WSP Canada to validate the previously modelled second stage design capability of the ReGen™ technology to produce 45% to 53% Group III base oil from used motor oil ("UMO") feedstock in addition to Group II [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 13, 2016) - NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES PNG Gold Corp. (the "Company") (TSX VENTURE:PGK) announces that it has closed the first tranche of a non-brokered private placement that was announced on November 29, 2016 (the "Offering"). The closing consisted of the issuance of a total of 5,550,000 units (the "Units") at a [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 29, 2016) - PNG Gold Corp. (the "Company") (TSX VENTURE:PGK) announces that it has appointed George Davidson as President of the Company. Mr. Davidson studied civil engineering at the University of Western Ontario prior to a 35 year work career which includes extensive experience in major construction projects as a site engineer, estimator and project manager in both [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 15, 2016) - PNG Gold Corp. (the "Company") (TSX VENTURE:PGK) The Company announces that after having followed an extensive sales process for the sale of its drilling equipment over the past two years and in the absence of any other concrete offers, it has sold its drilling equipment for CAD$229,950. The sale is a related-party transaction as two directors of the [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 10, 2016) - PNG Gold Corp. (the "Company") (TSX VENTURE:PGK) The Company provides the following additional information regarding the proposed private placement announced on November 2, 2016. The Company believes the ReGen technology is the first in the world to re-refine used motor oil ("UMO") to produce Group III base lubricating oil (synthetic grade oil) in marketable [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 2, 2016) - PNG Gold Corp. (the "Company") (TSX VENTURE:PGK) announces that it proposes to complete a non-brokered private placement of a minimum of $500,000 and a maximum of up to $3,000,000 (the "Financing"). The Company is also pleased to announce that it is proceeding with a share consolidation, on the basis of five (5) old common shares for one (1) new common share [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 6, 2016) - PNG Gold Corp. (the "Company") (TSX VENTURE:PGK) announces that it has received correspondence from the Papua New Guinea Mineral Resources Authority (the "Authority") indicating that applications filed by the Company seeking renewal of its exploration licences EL 1069 and EL 1091 have been refused by the Authority. This action on the part of the Authority has [...]

PNG Gold is pleased to announce it has received notification from the TSX Venture Exchange that trading in its shares will resume at the opening on May 26, 2016. Trading was halted at the Company's request on February 5, 2015 in anticipation of the Company's proposed acquisition of VeroLube Inc. previously announced by the Company on February 5, 2015. On February 16, 2016, the Company announced that it was no longer [...]