Asher Resources Corp.

Asher Resources is pleased to announce that it has completed its previously announced private placement led by First Republic Capital Corporation. Garfinkle Biderman LLP acted as legal advisor to the Agent. Pursuant to the terms of an agency agreement among the Company and the Agent dated May 25, 2016 the Company completed a private placementof 19,642,857 subscription receipts at a price of $0.14 per Subscription [...]

Asher Resources announces that, further to its press release dated April 11, 2016 previously announcing a best efforts brokered private placement financing, the Company is increasing the Offering to up to 19,642,857 subscription receipts of the Company at a price of $0.14 per Subscription Receipt for gross proceeds of up to $2,750,000. Upon satisfaction of the escrow release conditions, which includes among other [...]

Asher Resources announces that it has retained First Republic Capital Corporation to act as agent in connection with a best efforts brokered private placement to raise gross proceeds of up to $2,500,000 through the issuance of up to 17,857,142 subscription receipts of the Company at a price of $0.14 per Subscription Receipt. The gross proceeds of the Offering less certain expenses of the Agent will be held in escrow [...]

Asher Resources announced today that it has entered into an amalgamation agreement with 2500527 Ontario Ltd., a wholly-owned subsidiary of Asher, and Drone Delivery Canada Inc. dated January 19, 2016 providing for, subject to the completion of satisfactory due diligence by both parties and other conditions, the acquisition by Asher of all of the issued and outstanding common shares of DDC, pursuant to which Asher [...]

Asher Resources announced today that it has entered into a non-binding letter of intent with Drone Delivery Canada Inc. whereby Asher and DDC have agreed to merge their respective businesses resulting in a reverse takeover of Asher by DDC and change of business of Asher from a mining issuer to a technology issuer. The Transaction is subject to regulatory and shareholder approvals. About DDC DDC is a drone technology [...]

Asher Resources is pleased to provide the following update with regard to corporate initiatives and its mineral projects in Nevada U.S.A and B.C Canada which remain in good standing. As at the first fiscal quarter ended March 31, 2015, Asher had a cash and receivables of approximately $800,000. During the year, the Company has reduced overall expenses and has been successful in deferring option payments on both [...]

Asher Resources is pleased to announce assay results from the Company's recently completed 1,376 meter reverse circulation rotary exploration drilling program at its King Mine gold – copper project near the town of Gabbs, and 10 miles west of the past producing Rawhide mine in north central Nevada. Project activities, to date, including geological mapping, surface rock sampling, induced polarization /magnetic surveys [...]

Asher Resources is pleased to announce phase two drilling has now commenced at Asher's King Mine Project. The exploration program is comprised of 1,525m of reverse circulation drilling testing 6 high priority targets to follow up on two gold intersections from the eastern gold zone encountered in the initial 2013 program, and, to further evaluate a distinctive copper – gold porphyry target defined in the first half [...]

Asher Resources is pleased to announce a second phase of drilling is approved and planned for the King Mine project located in Mineral County, north central Nevada. The program is designed to follow up gold intersections from the eastern gold zone encountered in the initial 2013 program and to further evaluate a distinctive copper – gold porphyry target defined by geological mapping, surface alteration, anomalous [...]

Asher Resources is pleased to announce assay results from the Company's recently completed 970 metre exploration drilling program at its Lavington gold property near Vernon. "We are quite pleased to report long intervals of gold mineralization in the small part of the Lavington property tested. Additionally, drilling with the HQ diameter tools matched or exceeded the results of the historic drilling. The deeper holes [...]