UrbanGold Minerals Inc.

UrbanGold Minerals Inc. announces that, further to its news release dated May 11, 2020 announcing a proposed non-brokered private placement for the sale of up to 4,800,000 units of the Company priced at $0.125 per Unit resulting in gross proceeds of up to $600,000 , the Company has increased the size of the Offering to up to 8,000,000 Units resulting in gross proceeds of up to $1,000,000. UrbanGold intends to use the [...]

UrbanGold Minerals Inc. announces a proposed non-brokered private placement for the sale of up to 4,800,000 units of the Company priced at $0.125 per Unit resulting in gross proceeds of up to $600,000 . The Units will be comprised of one common share of the Company and one Common Share purchase warrant . Each Warrant entitles the holder thereof to purchase one Common Share for $0.20 expiring 36 months from the date [...]

UrbanGold Minerals Inc. is pleased to announce a non-brokered private placement of 1,600,000 units at a price of $0.125 per Unit, for gross proceeds of $200,000. Each Unit is comprised of one common share and one half-common share purchase warrant. Each full warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.18 per share, for a period of 18 months [...]

UrbanGold Minerals Inc. is pleased to announce results from its maiden drill program at the Cressida block, Troilus property, located near Chibougamau, Quebec, 14 kilometres southwest and on strike with the past-producing Troilus mine and within two kilometres of an all-weather road. The Cressida block is part of an option agreement with Argonaut Gold Inc. The small drill program completed in December consisted of [...]

The Board of Directors of UrbanGold Minerals Inc. has approved, as of today, the granting of stock options for an aggregate of 650,000 common shares of the Company to its new Director elected at the last Annual General Meeting and its new Chief Financial Officer appointed in October 2019, in accordance with its stock option plan. The Options vest immediately, are exercisable at $0.125 per Option and have a term of 5 [...]

UrbanGold Minerals Inc. announces the completion of a helicopter-borne magnetic survey at its Kiyask property located approximately 15 kilometres northeast of the Urban-Barry mill operated by Bonterra Resources and adjacent to Osisko Mining claims where historical gold occurrences have been recorded. The 108 line-km survey was designed to cover the potential extensions of mineralized shears zones located [...]

UrbanGold Minerals Inc. announces the receipt of an unsecured loan in the amount of $500,000 from a non-related party . The Loan bears an annual interest rate of 8%, payable quarterly in cash. The Principal Amount of the Loan shall be repaid to the Lender at the latest on January 31, 2021. It is agreed, however, that the Principal Amount will be payable by UrbanGold to the Lender as soon as possible but not later [...]

UrbanGold Minerals Inc. is pleased to report partial results from its fall drill program on the Troilus Property, located near Chibougamau, Quebec. Several areas were targeted during the initial program which included the Larabel block to the north, the central Bullseye block and the Argonaut claims which are under earn-in agreement with Argonaut Gold . On the Argonaut claims, a total of fourteen holes were drilled [...]

UrbanGold Minerals Inc. is pleased to report it has completed three additional holes totalling 369 metres on the Cressida block, Troilus property, located near Chibougamau, Quebec. The initial small program announced on December 13th, 2019 was planned to test the core of the historical mineralized zone and its potential extension to the north east, where the past producing Troilus mine is located 14 kilometres [...]

UrbanGold Minerals Inc. announces it has started drilling on the Cressida block, Troilus property, located near Chibougamau, Quebec. The area was previously drilled in the 1980s, prior to the opening of the nearby Troilus gold mine which has produced over 2 million ounces of gold and 70 thousand tonnes of copper . No follow-up work is recorded on the Cressida block thereafter due to various changes of ownership [...]