Magna Terra Minerals announces that it acquired, on July 30, 2020, a total of 2,750,000 units of Magna Terra, with each unit being comprised of one common share and one-half of one common share purchase warrant, with each Warrant entitling the holder to acquire one common share of the Magna Terra for a price of $0.30 per common share for a period of 24 months. The Units were purchased from Magna Terra on a private [...]
Magna Terra Minerals Inc. and Anaconda Mining Inc. are pleased to announce that Magna Terra has completed the acquisition of Anaconda's wholly-owned subsidiary, 2647102 Ontario Inc. by issuing a total of 12,493,482 common shares of the Company on a post Consolidation basis . As a result, Magna Terra is acquiring a 100% interest in the Great Northern and Viking Projects in Newfoundland and Labrador and the Cape Spencer [...]
Magna Terra Minerals Inc. is pleased to announce that it has been granted approval by the TSX Venture Exchange , regarding a restructuring of the terms of the previously announced non-brokered private placement in conjunction with its previously announced acquisition of all of the issued and outstanding common shares of 2647102 Ontario Inc. , a wholly-owned subsidiary of Anaconda Mining Inc. , along with a 30 days [...]
Magna Terra Minerals Inc. is pleased to announce that through its 100% owned Argentine subsidiary-Atala Resources S.A. it has entered into an Agreement to sell its wholly owned Boleadora Project in Santa Cruz Province, to Oroplata S.A. a subsidiary of Newmont. The Boleadora Group of properties is a large greenfields exploration land package encompassing 12 individual MD’s or exploration licenses lying approximately 17 [...]
Magna Terra Minerals Inc. is pleased to announce that it has been granted an extension by Anaconda Mining Inc. to close its previously announced acquisition of all of the issued and outstanding common shares of 2647102 Ontario Inc. , a wholly-owned subsidiary of Anaconda , along with an extension from the TSX Venture Exchange for the closing of the Acquisition and reverse take-over transaction as described below. As [...]
Magna Terra Minerals Inc. is pleased to announce the results of its Annual and Special Meeting of Shareholders held on February 27, 2020. At the Meeting, the Company obtained its standard annual approvals, as well as a number of special items including, notably, a share consolidation on the basis of one new share of Magna Terra for every seven common shares of Magna Terra presently issued and outstanding and the [...]
Magna Terra Minerals Inc. is pleased to announce the filing and mailing of its information circular dated January 27, 2020 in relation to the annual and special meeting of Magna Terra shareholders scheduled to take place in Toronto on February 27, 2020 at 10:00 am. In addition to the required annual approvals the Company is required to obtain from its Shareholders, Magna Terra will also be soliciting the approval of its [...]
Magna Terra Minerals Inc. is pleased to announce it has completed updated NI 43-101 Technical Reports and Mineral Resource Estimates for the Rattling Brook Deposit of the Great Northern Project in Newfoundland and Labrador and for the Cape Spencer Project in New Brunswick. Cape Spencer and Great Northern, together make up the advanced exploration assets that Magna Terra is acquiring from Anaconda Mining Inc. as previously [...]
Magna Terra Minerals Inc. and Thorsen-Fordyce Merchant Capital Inc. , a company controlled by Lew Lawrick – President and CEO of Magna Terra, are pleased to announce that they have entered into a Credit Agreement whereby Magna Terra may borrow up to $700,000 from Thorsen to provide necessary working capital up to the closing of the acquisition of ExploreCo from Anaconda Mining Inc. and to fund payment of certain [...]
Magna Terra Minerals Inc. is pleased to announce complete assay results from an eight hole first phase drill program on its Luna Roja Project in Santa Cruz Province, Argentina. The drilling began on January 12, 2019 and was completed on January 31. The program was designed to test three target areas – Cruz Del Sur, Orion and Estrella del Norte, which constitute a mineralized surface footprint of approximately three [...]
Magna Terra Minerals Inc. reports that it has settled $450,059.01 of debt through the issuance of common shares of the Company . Pursuant to the Debt Settlement, the Company issued 9,001,179 common shares of the Company at a deemed price of $0.05 per Share to certain creditors of the Company, including certain of its directors and officers . All securities issued will be subject to a four month hold period which will [...]
Magna Terra Minerals Inc. is pleased to announce assay results representing vertically zoned epithermal Gold Mineralization from an eight hole first phase drill program on its Luna Roja Project in Santa Cruz Province, Argentina. The drilling began on January 12, 2019 and was completed on January 31. The program was designed to test three target areas – Cruz Del Sur, Orion and Estrella del Norte, which constitute a [...]
