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Tag Archives: Private Placement

Ely Gold Royalties Announces Closing of Cote Gold Project Royalty, Ontario Canada

Ely Gold Royalties Inc. (TSXV: ELY) (OTCQX: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has closed the purchase, a 1% net smelter returns royalty (the "Watershed Royalty") from Sanatana Resources Inc. (TSX-V:STA) ("Sanatana") that was announced on September 29, 2020. The Watershed Royalty was granted to Sanatana in connection with an Asset Purchase Agreement between the Company and Trelawney Augen Acquisition Corp., now IAMGOLD Corporation ("IAMGOLD"), dated January 12, 2016, (the "Purchase Agreement") whereby IAMGOLD acquired a 100% interest in 46 mining claims in Chester and Yeo Counties, Ontario (the "Watershed Property"). In addition to the purchase of the Watershed Royalty, Ely Gold was assigned the Purchase Agreement and participated in a private placement of Sanatana Common shares (the "Private Placement" and collectively the "Transactions") The Transactions were closed on December 12, 2020 (the "Closing"). All currency references herein are expressed in Canadian Dollars.
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METALLIS CLOSES $3.3 MILLION PRIVATE PLACEMENT AND PROVIDES UPDATES ON DRILL PROGRAM AT KIRKHAM PROPERTY

Metallis Resources Inc. (TSX-V: MTS; OTCQB: MTLFF; FSE: 0CVM) (the “Company” or “Metallis”) today announces the closing of the final tranche of its non-brokered private placement (the “Financing”). Details of the Financing can be found in the News Releases dated September 28, 2020 and October 7, 2020. The Company also provides an update on its 2020 Drill program (the “Program”) which is still ongoing at its 100%-owned Kirkham Property (the “Property”). The Property is situated within the prolific Eskay Camp of the Golden Triangle in northwest British Columbia, a district known for past producing Eskay Creek and Snip gold mines, Seabridge’s KSM porphyry deposits and Pretium’s Brucejack gold mine.
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Manganese X Announces Closing of Strategic Investment

Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2 (OTC Pink: MNXXF ) ("Manganese" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement for gross proceeds of $1,530,000 through the issuance of 6,000,000 units (a "Unit" or "Units") of the Company at $0.255 per Unit (the "Offering") to a strategic investor. Each Unit is comprised of one common share in the capital of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Warrant") being exercisable into one Common Share at a price of $0.40 per share for a period of two (2) years following closing.
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