Debenture proceeds to be used exclusively to exercise option for purchase of 100% ownership of flagship Toroparu asset Colorado and VANCOUVER, British Columbia, Dec. 31, 2019 -- Gold X Mining Corp. is pleased to announce and confirm, further to the Company's news releases dated December 4, 2019 and December 30, 2019, that on December 24, 2019, it [...]
Gold X Mining Corp. announces that the Company currently has in escrow US$20 million from the debenture offering announced on December 4, 2019, which funds are to be used to exercise the Company's option to purchase the Toroparu property . The funds will be released from escrow upon satisfaction of all required closing conditions. The Company and [...]
Gold X Mining Corp. announces a non-brokered private placement offering of up to US$20,000,000 principal amount, 10% secured convertible debentures due thirty-six months from the closing date of the Offering. “This is a monumental moment for Gold X Mining. After advancing this world class gold deposit Toroparu for 20 years, I’m [...]
Gold X Mining Corp. announces that it has continued its jurisdiction of incorporation into British Columbia and that the Board of Directors of the Company has approved a name change to “Gold X Mining Corp.” and a consolidation of its issued and outstanding share capital on the basis of one new common share for every eight outstanding [...]
Sandspring Resources Ltd. announces that the Company has received shareholder approval at its annual general meeting for Gran Colombia Gold Corp. as a “Control Person” of the Company. Gran Colombia was issued 5,200,000 Subscription Receipts as part of its participation in the June 12, 2019 placement. The Receipts automatically converted [...]
Sandspring Resources Ltd. is pleased to announce the formation of a Strategic Advisory Board to assist the Board of Directors and management with corporate and shareholder value creation. Former Lithium X executives, Paul Matysek and Brian Paes-Braga, are the founding members. Mr. Matysek said, “The Toroparu Project represents a world class [...]
Sandspring Resources Ltd. today announced that the Company’s Board of Directors appointed Bassam Moubarak as Executive Vice President Finance and Chief Financial Officer, effective November 1, 2019. Mr. Moubarak has also been appointed to the Company’s Board of Directors. Mr. Moubarak is a seasoned senior executive with over 10 [...]
Sandspring Resources Ltd. is pleased to announce that it has completed a non-brokered private placement of 37,500,000 units, at a price of C$0.20 per Unit, for gross proceeds of C$7,500,000. Each “Unit” issued in the placement consists of one common share and one share purchase warrant entitling the holder to purchase one additional [...]
Sandspring Resources Ltd. is pleased to announce that due to strong investor interest, the Board of Directors of the Company has approved an increase in the amount of its non-brokered private placement. The placement has been fully-subscribed and the Company now intends to issue 37,500,000 units at a price Cdn$0.20 per Unit. Each “Unit&rdquo [...]
Sandspring Resources Ltd. announces a non-brokered private placement of 25,000,000 units at a price of $0.20 per Unit for gross proceeds of up to $5,000,000. Each Unit consists of one common share of the Company and one share purchase warrant entitling the holder to purchase one Share at $0.35 for a period of five years from the date of issuance [...]
Sandspring Resources Ltd. is pleased to announce its filing of the Preliminary Economic Assessment Report for its Toroparu Gold Project in the Mazaruni-Cuyuni District of Guyana . The PEA Report was prepared in accordance with National Instrument NI43-101 by SRK Consulting Inc. and has been filed on SEDAR and the Company’s website. The [...]
Sandspring Resources Ltd. is pleased to announce that it has completed a non-brokered private placement of 26,801,000 units , and 5,200,000 subscription receipts , at a price C$0.125 per Unit and Receipt, for gross proceeds of C$4,000,125. Each “Unit” issued in the placement consists of one common share and one share purchase warrant [...]