NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
VANCOUVER, BC / ACCESSWIRE / November 23, 2021 /( )(OTCQB:SNWGF) (the “Company” or “Snowline“) is pleased to announce that its previously announced non-brokered private placement is over-subscribed. As a result, the Company has increased the number of premium flow-through common shares of the Company (the “Premium FT Shares“) to be issued to a maximum of 8,783,783 Premium FT Shares at a price of C$0.74 per Premium FT Share for gross proceeds of up to C$6,500,000. The number flow-through common shares of the Company (the “FT Shares“) remains at a maximum of 757,575 FT Shares at a price of C$0.66 per FT Share for gross proceeds of up to C$500,000. Each FT Share and Premium FT Share will be accompanied by one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant“), with each Warrant being exercisable for one common share of the Company at an exercise price of C$0.75 for a period of two years(the “Offering“).
The gross proceeds from the issue and sale of the FT Shares and the Premium FT Shares will be used to support advancement of exploration on the Company’s Yukon Territory mineral properties, which will qualify as “Canadian Exploration Expenses” and “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada), which will be renounced to the initial purchasers of the FT Shares and the Premium FT Shares with an effective date no later than December 31, 2021.
It is expected that the closing of the Offering will occur on or about December 15, 2021 (the “Closing Date“) and is subject to the satisfaction of certain conditions, including receipt of acceptance of the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months and one day from the Closing Date, in accordance with applicable Canadian securities laws.
The securities issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and were not to be offered or sold in the United States absentregistration or an applicable exemption from the registration requirements. This news release shall notconstitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securitiesin the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >100,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and ‘s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a district.
ON BEHALF OF THE BOARD
Scott Berdahl, MSc, MBA, PGeo
CEO & Director
For further information, please contact:
+1 778 650 5485
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements regarding the anticipated use of proceeds from the Offering, the expected Closing Date and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things, risks associated with executing the Company’s plans and intentions. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
View source version on accesswire.com:
Emerson 3D IP Survey Presentation Now Available as Drill Plans Being Finalized
Vancouver, British Columbia – TheNewswire – November 30, 2021 ‑ Harvest Gold Corporation (TSXV:HVG) (“Harvest Gold” or the “Company”) announces…
Vancouver, British Columbia – TheNewswire – November 30, 2021 ‑ Corporation () (“Harvest Gold” or the “Company”) announces the posting of an abridged version of the Emerson property presentation of the 3D IP results/interpretations. Emerson’s co-vendor and member of ’s geoscience team, Henry Awmack, is featured. It is being posted today so all shareholders and market watchers can better understand the potential of finding a Blackwater like ore body at Emerson.
The 56 km2 Emerson Property comprises 14 contiguous mineral claims located 15 km west of Houston, B.C. with a nearby railroad, high voltage powerline and gas pipeline. It is 100% owned by .
President and CEO Rick Mark states: “Henry Awmack is a successful and respected Geologist helping guide our technical team. He reminded me he is not a public speaker but watching him in several recent analysts’ meetings convinced me this presentation was essential for public viewing.”
Mark continues: “Henry’s analysis of the 3D IP at Emerson and particularly the changes it depicts in 50-meter increments from surface to 400 metres depth in two essential measures made an impact in each meeting. Henry describes chargeability and resistivity in a way that all of us can understand. Director and geologist, Pat Donnelly closes this 7-minute piece with a brief look at the major infrastructure advantages we have at Emerson should this very shallow target contain mineralization. Our initial drill program is slated to begin near the end of January 2022.”
Qualified Person Statement
The disclosure of technical or scientific information in this press release has been reviewed and approved by Warren Bates, P.Geo. Director of Property Investigations for . Mr. Bates serves as a Qualified Person under the definition of National Instrument 43-101.
is focused on the Interior Plateau of British Columbia exploring for near surface Gold deposits and Copper Gold Porphyry deposits. ’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.
acknowledges that the Emerson and Goathorn Projects are situated in the traditional territory of the Wet’suet’en Nation while the Jacobite Project is situated in the traditional territory of the Lake Babine Nation. is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
For more information please contact:
Rick Mark or Jan Urata
@ 604.737.2303 or [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release includes certain statements that may be deemed “forward looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.
This news release may include technical information that was generated prior to the introduction of National Instrument 43-101. Details of the sampling methods, handling, and quality control methods used in the generation of this historical technical data are unknown to , and the drill material, assay results, true width of intercepts herein cannot be and have not been verified by the Company’s Qualified Person for the purposes of National Instrument 43-101.
A number of mineral resources or significant occurrences disclosed herein relate to nearby properties owned by other companies, and the data presented have been extracted from these companies’ press releases and websites. A Qualified Person has been unable to verify this information from the adjacent properties, and such results are not necessarily indicative of potential quantities or grades of mineralization on the Company’s properties.
Relating to exploration, the identification of exploration targets and any implied future investigation of such targets on the basis of specific geological, geochemical and geophysical evidence or trends are future-looking and subject to a variety of possible outcomes which may or may not include the discovery, or extension, or termination of mineralization. Further, areas around known mineralized intersections or surface showings may be marked by wording such as “open”, “untested”, “possible extension” or “exploration potential” or by symbols such as “?”. Such wording or symbols should not be construed as a certainty that mineralization continues or that the character of mineralization (e.g. grade or thickness) will remain consistent from a known and measured data point. The key risks related to exploration in general are that chances of identifying economical reserves are extremely small.
Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2021 TheNewswire – All rights reserved.
Magna Terra Minerals Inc. to Present at Virtual Investor Day V – December 6 – 8 2021
TORONTO, ON / ACCESSWIRE / November 30, 2021 / Magna Terra Minerals Inc. (the "Company" or "Magna Terra") (TSX-V:MTT) is pleased to announce that it will…
TORONTO, ON / ACCESSWIRE / November 30, 2021 /(the “Company” or “Magna Terra”) ( ) is pleased to announce that it will be presenting at Virtual Investor Day V (“VID V”) sponsored by Laurentian Bank Securities.
Mr. Lew Lawrick, President and CEO will provide an in-depth update on the Company at 4:00 PM ET, December 7, 2021.
VID V provides a unique and completely interactive experience for feature companies and participants. Feature companies will have 30 minutes to outline their investment opportunity, while stakeholders and the audience will be invited to engage via live commentary, direct Q&A with management, polls, and other interactive tools during each presentation. The register for VID V, please click the link: https://www.bigmarker.com/vid-conferences/VID-V-Feature-Company-14
About Magna Terra
is a precious metals focused exploration company, headquartered in Toronto, Canada. Magna Terra owns three district-scale, advanced gold exploration projects in the world class mining jurisdictions of New Brunswick and Newfoundland and Labrador. Further, the Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina which includes its precious metals discovery on its Luna Roja Project, as well as an extensive portfolio of district scale drill ready projects available for option or joint venture.
VID events, conferences and content are focused on the investor. We create meaningful opportunities for investors to have authentic discussions with companies from a cross section of industries and we feature keynotes from some of the industry’s best thought leaders. At VID, our goal is to help investors make informed decisions. You can find out more about VID here https://vidconferences.com/
For further information, please contact:
Joanne Jobin, Principal
IR.INC | Capital Markets Advisory & Services
Director, Business Development, VID
View source version on accesswire.com:
Enduro Issues Final 4 Million Shares to Acquire 100% of Newmont Lake Project
Kelowna, British Columbia–(Newsfile Corp. – November 30, 2021) – Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG) ("Enduro Metals" or…
Kelowna, British Columbia–(Newsfile Corp. – November 30, 2021) –(TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG) (“Enduro Metals” or the “Company“) is pleased to announce that it has issued the remaining 4 million shares to (“Romios“) pursuant to the option agreement to acquire 100% of the Newmont Lake Project.
100% Ownership Earn-In Developments
To date, Enduro Metals has issued to Romios 8 million shares, $1 million cash and has incurred in excess of $14 million of expenditures related to exploration and evaluation activities.
Enduro recently delivered Romios 4 million shares (total to date 12 million shares) subject to “lock-up” provisions where 1 million shares are restricted for 6 months, and 3 million shares are restricted for 12 months as of November 29th, 2021. The shares are also subject to a hold period of four months and a day from the date of issuance, in accordance with applicable securities laws.
To exercise its 100% option interest, Enduro is required to make a final $1 million cash payment by February 22, 2022. Romios will retain a 2% NSR on the property with a 5 km area of interest of which Enduro may reduce to 1% for a total of $4 million CAD at anytime.
About Enduro Metals
Enduro Metals is an exploration company focused on it’s flagship Newmont Lake Project; a total 654km2 property located between Eskay Creek, Snip, and Galore Creek within the heart of northwestern British Columbia’s Golden Triangle. Enduro entered into an option agreement to acquire 436km2 from Romios Gold Resources who has carefully amalgamated the area since 2005 from numerous smaller operators. The remaining 202 km2 is owned 100% by Enduro and was acquired via staking or cash purchase. Building on prior results, the Company’s geological team have outlined 4 deposit environments of interest across the Newmont Lake Project including high-grade epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, high-grade epithermal/skarn silver/zinc at Cuba, and a large 9km x 4km geochemical anomaly hosting various gold, silver, copper, zinc, nickel, cobalt, and lead mineralization along the newly discovered Chachi Corridor.
On Behalf of the Board of Directors,
For further information please contact:
Sean Kingsley – Director of Communications
Tel: +1 (604) 440-8474
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements that constitute “forward-looking information” within the meaning of applicable Canadian and United States securities legislation. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Enduro’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Forward-looking information in this document includes, but is not limited to results, expectations concerning the exercise of the Romios option, geological and mineralization interpretations and other statements that are not historical in nature. Although Enduro believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature forward-looking information involves assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions the effect of a pandemic and particularly the COVID-19 outbreak as a global pandemic on the Company’s business, financial condition and results of operations and the impact of the COVID-19 outbreak on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, financial condition and results of operations; assumptions regarding expected capital costs, operating costs and expenditures, production schedules, economic returns and other projections; ; adverse industry events; future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of Enduro to implement its business strategies; competition; and other assumptions, risks and uncertainties.
This list is not exhaustive of the factors that may affect any of our forward-looking information. Although we have attempted to identify important factors that could cause actual results, actions, events, conditions, performance, or achievements to differ materially from those contained in forward-looking information, there may be other factors that cause results, actions, events, conditions, performance, or achievements to differ from those anticipated, estimated or intended.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
For US Investors
Enduro Metals cautions that this release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Information included in this media release has been prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission and information contained herein may not be comparable to similar information disclosed by U.S. companies.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105915
2 Years in Operation Alpha Lithium Secures Huge Backing From Uranium One at Tolillar Salar, Argentina
Benton Options High Grade VMS-Gold Project, Central Newfoundland
Namibia Critical Metals Inc. Completes Bulk Sampling from Starter Pit at Lofdal HREE Dysprosium-Terbium Project
Galantas Reports Financial Results For The Quarter Ended September 30, 2021
Tocvan Announces Start of Exploration at Pilar and Updates on Financing
Anaconda Mining Files Updated Mineral Resource Estimate and Mineral Reserves for the Point Rousse Gold Project
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Lion One Reports Additional High-Grade Intercepts from Infill Drilling at Tuvatu Gold Project, Fiji
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