Connect with us

Today’s News

Solstice Gold Closes Previously Announced Portfolio Acquisition And Concurrent $2.5MM Financing

Directors Complete Early Exercise of Warrants for C$1.64MMVANCOUVER, British Columbia, Oct. 05, 2021 (GLOBE NEWSWIRE) — Solstice Gold Corp. (TSXV: SGC)…

Share this article:



Directors Complete Early Exercise of Warrants for C$1.64MM

VANCOUVER, British Columbia, Oct. 05, 2021 (GLOBE NEWSWIRE) — Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is pleased to announce that we have completed the acquisition of the portfolio of 86 royalty and project interests (the “Portfolio“) announced on September 15, 2021 (the “Transaction”). The Portfolio was acquired from renowned prospector Perry English through his company 1544230 Ontario Inc., along with his business partner Gravel Ridge Resources Ltd. and its principals for a cash purchase price of C$3.8 million and 400,000 common shares of Solstice. The purchase price was reduced by $198,750, comprising cash payments received from third party option agreements due to Solstice at the closing of the Transaction for a net purchase price of $3.6MM. In addition, the Company is pleased to announce that, further to the Company’s news release dated September 15, 2021, the Company has closed its non-brokered private placement financing for total proceeds of $2,500,000 (the “Private Placement”).  Newly appointed Director Mike Timmins subscribed for $100,000 (1,000,000 shares) of the Private Placement through his holding company, Pumpkin Mining Corporation. In addition, as announced on September 15, 2021, certain directors (being Kevin Reid, Michael Gentile and Blair Schultz) have completed the early exercise of their warrants for total proceeds of approximately $1,640,000. Directors and management now collectively own approximately 40% of the issued and outstanding shares of the Company.

For further details on the Transaction, please see:

“With the completion of this Transaction and well supported financing, we believe Solstice has established itself as a unique investment opportunity in the mining exploration space. Shareholders not only have exposure to top tier exploration assets that we are advancing internally both in Red Lake, Ontario and next to Meliadine in Nunavut, but also have exposure, through the Transaction, to exploration and potential discovery by third parties on 45 projects located in key mining districts in Ontario and Quebec. These are all generating option and share payments along with potential future royalties and we expect payback of our acquisition costs within three years. Currently, we own 52 potential future royalties, and this number is expected to grow as we seek to sell or option 100% interests in a further 30 projects that we own through the Transaction. Effectively, at payback, we expect to own a large royalty portfolio at zero net cost to Solstice. With an approximate 40% share ownership, the board and management are strongly aligned with all investors as we seek to provide future shareholder value through discovery and the successful implementation of our business strategies” stated Chairman David Adamson.

Closing of Financing

The Private Placement consisted of the issuance by the Company of a total of 25,000,000 common shares (the “Shares”), at a price of at $0.10 per Share. All Shares issued pursuant to the Private Placement are subject to a four-month hold period expiring on February 5, 2022 in accordance with applicable Canadian securities laws and are also subject to the Exchange Hold Period (as defined by the TSX Venture Exchange (“TSXV”) rules and policies) and have been legended accordingly.

The proceeds from the Private Placement were used exclusively to complete the Transaction.

In connection with the Private Placement, Dave Fischer, Chief Financial Officer of the Company, subscribed for 150,000 Shares for a total purchase price of $15,000. The issuance of Shares to Mr. Fischer and to Pumpkin Mining Corporation pursuant to the Private Placement constitutes a “related party transaction” within the meaning of Policy 5.9 of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as a result of Mr. Fischer being a senior officer of the Company and Mr. Timmins being a director of the Company and the sole shareholder of Pumpkin Mining Corporation. The Company is relying on the exemption from the formal valuation requirement in section 5.5(b) of MI 61-101 (as a result of its Shares being listed on the TSXV) and the exemption from the minority approval requirement in section 5.7(1)(b) of MI 61-101 (as neither the fair market value of Shares purchased, nor the consideration paid, by Mr. Fischer and Pumpkin Mining Corporation has exceeded $2,500,000). Further details in respect of the Private Placement will be included in a material change report to be filed by the Company. The material change report will be filed less than 21 days prior to closing of the Private Placement due to the timing of the announcement of the Private Placement and the Company wished to complete the Private Placement in an expeditious manner.

For additional details, please see the Company’s corporate presentation at:

About Solstice Gold

Solstice is a gold-focused exploration company engaged in the exploration of our high-quality exploration assets in top tier mining jurisdictions. Our 55 km2 Red Lake Extension project along with the combined 96 km2 Taillon, Moreau and Berens projects are located on the north end of the prolific Red Lake Gold District in Ontario. Our district scale KGP project covers 886 km2 with certain other rights covering an adjacent 683 km2, all with no underlying option or earn in payments. KGP has seen over $12MM dollars spent on significant field work, identified a 10 km2 gold boulder field and now prepared with multiple drill-ready targets. KGP is located in Nunavut, Canada, only 26 km from Rankin Inlet and approximately 7 km from the Meliadine gold deposits owned by Agnico Eagle Mines Limited. Solstice has approximately 152 million shares outstanding.

Solstice is committed to responsible exploration and development in the communities in which we work. For more details on Solstice Gold, our exploration projects and details on our recently acquired portfolio of projects please see our Corporate Presentation available at

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.

Sandy Barham, M.Sc., P.Geo., Senior Geologist, is the Qualified Person as defined by NI 43-101 standards responsible for reviewing and approving the technical content of this news release.

On Behalf of Solstice Gold Corp.

David Adamson,


For further information please visit our website at or contact:

Marty Tunney,

[email protected]

Phone: (604) 622-5040

Forward Looking Statements

This news release contains certain forward-looking statements (“FLS”) including, but not limited to the Company’s expectations, intentions, plans and beliefs in connection with the Company’s planned exploration activities, and the expected benefits and returns to the Company following the acquisition. FLS can often be identified by forward-looking words such as “approximate or (~)”, “emerging”, “goal”, “plan”, “intent”, “estimate”, “expects”, “potential”, “scheduled”, “may” and “will” or similar words suggesting future outcomes or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. There is also no guarantee that continued exploration at Solstice exploration projects, all of which are at an early stage of exploration, will lead to the discovery of an economic gold deposit. Factors that could cause actual results to differ materially from any FLS include, but are not limited to, failure of the Company to raise sufficient proceeds in the financing to satisfy the purchase price of the portfolio acquisition, failure of the Company to obtain TSX Venture Exchange approval on terms acceptable to the Company or at all, the future impacts of the COVID 19 pandemic and government response to such pandemic, the ability of the Company to continue exploration at its projects during the pandemic and the risk of future lack of access to the projects as a result thereof, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inability to locate source rocks, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, regulatory approvals and other factors. FLS are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.

Potential shareholders and prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the FLS. Shareholders are cautioned not to place undue reliance on FLS. By their nature FLS involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Solstice undertakes no obligation to update publicly or otherwise revise any FLS whether as a result of new information, future events or other such factors which affect this information, except as required by law.

This news release contains information with respect to adjacent or other mineral properties in respect of which the Company has no interest or rights to explore or mine or acquire. Readers are cautioned that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company’s properties, nor is there certainty that Solstice’s projects will contain economic mineralization. This news release mentions other companies that are unrelated to Solstice and this does not imply any agreements, partnerships or rights with respect to any of these companies or their properties other than where explicitly defined. Past performance is no guarantee of future performance and all investors are urged to consult their investment professionals before making an investment decision.

agnico eagle mines limited

Author: Author

Share this article:

Today’s News

Ian Burney, Michael Carrick and Tanneke Heersche Join the Japan Gold Board at the 2021 AGM, Revised Date for Investors Webinar

Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased…

Share this article:

Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (“Japan Gold” or the “Company“) is pleased to announce that at its annual general meeting held on October 21, 2021 (the “AGM”), all nominees listed in its management information circular dated September 13, 2021 were elected as independent directors of the Company. Ian Burney, Michael Carrick and Tanneke Heersche have joined the Board of Directors.

Ian Burney

Mr. Burney was the Ambassador of Canada to Japan from 2016 to 2021. Mr. Burney is an accomplished, high-performing public service executive and diplomat with over 30 years of experience in international affairs, particularly in the area of global economic issues. Mr. Burney graduated in 1985 from McGill University, Montreal, with a Bachelor of Arts with honours in Political Science, and in 1986 from University of Toronto, with a Master of Arts in International Relations. Mr. Burney joined the Department of External Affairs in 1987 and has held a range of positions in Ottawa and diplomatic postings overseas.

Michael Carrick

Mr. Carrick is currently Chairman of RTG Mining Inc. and has been responsible for the development of seven major gold mines in five countries around the world including the development of the largest gold mine in the Philippines. That mine was merged with B2 Gold of Canada in a US$4.5 billion merger. Mr. Carrick is a Chartered Accountant with over 30 years of experience in the resources sector. He holds a degree in Commerce from the University of Natal, and an Accounting and Finance degree from the University of the Witwatersrand, and is a member of the Institute of Chartered Accountants both in South Africa and in Australia

Tanneke Heersche

Ms. Heersche is a partner in the Global Mining Group at Fasken Martineau DuMoulin LLP and is the head of the firm-wide ESG Steering Committee. Prior to Fasken, Ms. Heersche was a partner at White & Case LLP where she was co-Chair of the Global Metals & Mining Practice Group and executive managing partner of its Johannesburg office. Ms Heersche is a highly regarded expert and strategic advisor in the natural resources industry with over 25 years of international industry experience. She has a particular emphasis on project development, investment agreement negotiations and the integration of ESG into development frameworks. Ms. Heersche holds an LLB from the University of Toronto and a BSc (Physiology) and BA (German Literature) from Western University .

John Proust, Chairman and CEO of Japan Gold, stated, “I’m very pleased to welcome Ian, Michael and Tanneke to our Board of Directors. I believe their vast experience and broad networks will diversify the expertise of the Japan Gold Board of Directors and be very beneficial to the Company as we continue to advance existing and future projects in Japan. We look forward to their contributions.” “I would like to thank Dr. Michael Andrews, John Carlile and Bob Gallagher, founding directors who did not stand for re-election, for their dedication and commitment on the Board of Directors and welcome their ongoing commitment to the success of Japan Gold as they join Dr. Steve Garwin on the Board of Advisors.”

The Board of Directors of Japan Gold now consists of John Proust, Mitsuhiko Yamada, Ian Burney, Michael Carrick, Paul Harbidge, Tanneke Heersche and Murray Flanigan.

Shareholders also approved the re-appointment of KPMG, LLP, as the Company’s auditor for the ensuing year and the authorization of the Board to fix the auditor’s remuneration.

Investors Webinar

The Investor Webinar scheduled for October 21st had to be rescheduled because of technical issues by our service provider. These included the delay or inability to transfer some attendees into the AGM and Investor Webinar and the disruption of the video service.

Accordingly we have rescheduled the Investor Webinar to October 28th at 3:00 pm Vancouver time.

To register for the webinar, please follow the link below:

Date: Thursday, October 25, 2021

Time: 3:00 pm Vancouver time


Dial in numbers:

Participant / Guest toll-free dial-in number: 877-269-7756

Participant / Guest toll dial-in number: 201-689-7817

A recording of the webinar will be posted to the Company’s website following the live broadcast.

On behalf of the Board of Japan Gold Corp.

“John Proust”

Chairman & CEO

About Japan Gold Corp.

Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The Company has a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects. The Company holds a portfolio of 31 gold projects which cover areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal gold mineralization. Japan Gold’s leadership team represent decades of resource industry and business experience, and the Company has recruited geologists, drillers and technical advisors with experience exploring and operating in Japan. More information is available at or by email at [email protected]

For further information please contact:

John Proust

Chairman & CEO

Phone: 778-725-1491

Email: [email protected]


Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company’s 2021 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the timing and granting of prospecting rights; the Company’s ability to execute and implement future plans, arrange or conclude a joint-venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.

To view the source version of this press release, please visit

barrick gold corporation

Author: Author

Share this article:

Continue Reading

Today’s News

Canada Silver Cobalt Completes Fully-Subscribed $7.5 Million Marketed Public Offering


Coquitlam, BC – TheNewswire – October 25, 2021 – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada…

Share this article:


Coquitlam, BC – TheNewswire – October 25, 2021 – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or “Canada Silver Cobalt“) announces that it has completed a fully-subscribed marketed public offering by raising total proceeds of approximately $7.5 million, including approximately $975,000 following the exercise in full of an over-allotment option by Research Capital Corporation and Canaccord Genuity Corp., the co-lead agents for the offering. At closing, Canada Silver Cobalt issued 20,884,109 units (“Units”) at a price of $0.21 per Unit for proceeds of $4,385,663 and 13,431,900 flow-through units (“FT Units”) at a price of $0.23 per FT Unit for proceeds of $3,089,337.


Canada Silver Cobalt intends to use the proceeds from the offering of the FT Units to incur Canadian Exploration Expenses on the Company’s Castle Silver Mine property in Haultain and Nicol Townships, Ontario and to use the net proceeds from the offering of the Units for continued exploration activities, working capital and general corporate purposes.


The offering was conducted on a “best efforts” agency basis and was co-led by Research Capital Corporation, as sole bookrunner, and Canaccord Genuity Corp.


This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.


About Canada Silver Cobalt Works Inc.


Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. This discovery has the highest silver resource grade in the world, with recent drill intercepts of up to 89,853 grams/tonne silver (2,621 oz/ton Ag). A drill program is underway to expand the size of the deposit with an update to the resource estimate scheduled for Q1 2022.


In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.


Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at


“Frank J. Basa”

Frank J. Basa, P. Eng.

Chief Executive Officer

For further information, contact:

Frank J. Basa, P.Eng.

Chief Executive Officer



Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Caution Regarding Forward-Looking Statements


This news release may contain forward-looking statements which include, but are not limited to, comments regarding the public offering and comments that involve other future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the public offering, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company’s Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company’s profile on SEDAR at

Copyright (c) 2021 TheNewswire – All rights reserved.

Author: Author

Share this article:

Continue Reading

Today’s News

Amarillo receives regulatory approval for Posse power line

TORONTO, Oct. 25, 2021 (GLOBE NEWSWIRE) — Construction can begin on a power line that will deliver electricity to the Posse Gold Mine, said Amarillo…

Share this article:

TORONTO, Oct. 25, 2021 (GLOBE NEWSWIRE) — Construction can begin on a power line that will deliver electricity to the Posse Gold Mine, said Amarillo Gold Corporation (TSXV: AGC, OTCQB: AGCBF) today, after receiving the License to Install for the line from the State Secretariat for the Environment and Sustainable Development of Goiás State (SEMAD).

It was the final regulatory approval needed for the 67-kilometre 138-kilovolt power line that will cross three municipalities and connect the Company’s flagship Posse mine to a substation in Porangatu. Construction on the line is expected to start later this year and take about 14 months. An LI to expand the substation was previously received in February, and work on the expansion is now in its final phase.

Approximately BRL50 million (US$9 million) is being invested in the overall energy supply for the project. The electrical power infrastructure includes this 138-kilovolt power line, the Porangatu substation expansion, diversion of the existing 69-kilovolt power line that traverses the Posse Mine, and a 34.5-kilovolt temporary line for power supply during construction.

The power line and Porangatu substation expansion are being built through a partnership between Amarillo’s subsidiary Amarillo Mineração do Brasil and Enel Brasil, the state power utility. Enel has granted its approval of the overall project, and all the land for the power line has been acquired.

“Our goal from the beginning has been to build a power infrastructure that will meet the needs of the Posse Gold Mine and leave a valuable legacy to the community long after we’re gone,” said Paulo Serpa, Amarillo’s Country Manager. “Our partnership with Enel and these approvals show that we are making steady progress towards achieving this goal.”

In addition, Amarillo has received approval from SEMAD to divert an existing power line that otherwise would run through the planned pit area for the Posse Mine. The 69-kilovolt line provides power for the municipality.

A temporary power line will meet Amarillo’s energy needs during construction. The existing 34.5- and 13.8-kilovolt overhead power lines that serve small loads on land close to the Posse Project will be relocated. This work is expected to begin in November.

About Amarillo

Amarillo is advancing two gold projects located near excellent infrastructure in mining-friendly states in Brazil.

The development stage Posse Gold Project is on the Company’s Mara Rosa Property in Goiás State. It has a positive definitive feasibility study that shows it can be built into a profitable operation with low costs and a strong financial return. Mara Rosa also shows the potential for discovering additional near-surface deposits that will extend Posse’s mine life beyond its initial 10 years.

The exploration stage Lavras do Sul Project in Rio Grande do Sul State has more than 23 prospects centered on historic gold workings.

Amarillo trades on the TSXV under the symbol AGC and the OTCQB under the symbol AGCBF. Visit to learn more about the Company’s focus on becoming a mid-tier Brazilian gold producer.

Follow us on LinkedIn, Twitter, and YouTube.

Contact information

Mike Mutchler
President & CEO
[email protected]

Annemarie Brissenden
Investor Relations
[email protected]

Marcelo Lins
Sócio Diretor, ML&A Comunicações
[email protected]
(11) 3811-2827


Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release.

Forward-looking statements

This news release contains forward-looking statements regarding the Company’s current expectations regarding future events, including its business, operations and condition, and management’s objectives, strategies, beliefs, and intentions.

Various factors may prevent or delay our plans, including but not limited to, the trading price of the common shares of the Company, capital market conditions, impacts from the coronavirus or other epidemics, counterparty risk, TSXV approval(s), contractor availability and performance, weather, access, mineral and gold prices, and success and failure of the exploration and development carried out at various stages of the program. Permission from the government and community is also required to proceed with future mining production. Readers should review the Company’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Company’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements.

Readers should also review the risk factors applicable to junior mining exploration companies generally to better understand the variety of risks that can affect the Company. The Company undertakes no obligation to update publicly or otherwise revise any Forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.

PDF available:

amarillo gold corporation

Author: Author

Share this article:

Continue Reading