Magna Terra Minerals Inc. is pleased to announce that effective September 8, 2020 it has entered into Amended Option Agreements with Spruce Ridge Resources Ltd. for both the Viking and Kramer Properties situated near the communities of Pollard's Point and Sop's Arm in White Bay, Newfoundland and Labrador. The original Option Agreements for the Properties were entered into on February 5, 2016 between Spruce Ridge and [...]
Magna Terra Minerals Inc. would like to update its previous disclosure regarding the consideration to be paid to the respective Optionor as a component of the option payments payable under each agreement. The Company has the election to make these payments in cash and / or common shares. With regard to the Rattling Brook Agreement, as previously disclosed , the Company can earn a 100% interest in the option by paying to [...]
Magna Terra Minerals Inc. is pleased to announce that it has expanded the Cape Spencer Project , located in Southern New Brunswick, via two option agreements on the Marigold and Armstrong Properties. The acquisition of these 5 mineral claims , immediately along strike to the northeast of the Cape Spencer Deposit and numerous other prospects, expands the property size by 2,680 hectares and adds additional strategic [...]
Magna Terra Minerals Inc. is pleased to announce that it has expanded the Great Northern and Viking Projects, located in Western Newfoundland via a combination of staking and an option agreement. The acquisition of these 5 mineral licences expands the property size by 2,900 hectares and adds additional strategic exploration targets in areas of known gold potential . The Company has also initiated a systematic exploration [...]
Magna Terra Minerals Inc. is pleased to announce that it has received the final approval from the TSX Venture Exchange in connection with its completion of the acquisition of Anaconda Mining Inc.'s wholly-owned subsidiary, 2647102 Ontario Inc., the consolidation of its issued and outstanding shares on the basis of seven old common shares for one new common share of the Company and the closing of the previously announced [...]
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 [...]