San Marco Resources Inc. announces that it has arranged a non-brokered private placement to raise gross proceeds of C$ 500,000. The private placement consists of up to 3,703,704 units at a price of $0.135 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share for three years at a price of $0.20. If the [...]
San Marco Resources Inc. is pleased to announce the imminent approval of a five year area-based exploration permit for the Company's Buck gold/silver/zinc property near Houston, B.C. The permit includes 30 drill sites of where multiple holes may be drilled from the same drill pad. Geophysics may be included in the initial exploration program. Phase I exploration program activities will utilize existing access trails to [...]
San Marco Resources Inc. announces that it has revised its non-brokered flow through private placement announced October 9, 2019. The private placement now consists of 266,667 shares at a price of $0.15 each. The shares will qualify as "flow-through" shares under the Income Tax Act . About San Marco San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc and copper projects [...]
San Marco Resources Inc. is pleased to announce that it has retained Momentum Public Relations Inc. to assist with strategic business development activities. Momentum, a Montreal, Quebec based public relations firm, will assist the Company in increasing public awareness by managing the Company's corporate communications and marketing activities and facilitating dialogue with the Company's shareholders, finance [...]
San Marco Resources Inc. is pleased to announce that the historical data review nears completion on the Buck gold/silver/zinc property near Houston, B.C. This database, which is the consolidation of several millions of dollars of exploration work by previous property owners over the past 75 years, is proving to be invaluable in defining new drill targets. Mineralized volcanic breccia-hosted near-surface historical drill [...]
San Marco Resources Inc. has completed the sale of 3,738,334 units at $0.12 per unit for gross proceeds of $448,600 under its non-brokered unit private placement announced September 26, 2019. Each unit was comprised of one share and one warrant to purchase one common share for three years at a price of $0.20 for the first two years and $0.25 for the third year. The Company paid 6% finders fees in cash or units and 6 [...]
San Marco Resources Inc. announces that it has revised the terms of its non-brokered unit private placement announced September 26, 2019. The private placement now consists of 3,138,334 units at a price of $0.12 per unit for gross proceeds of C$ 376,600. Each unit will be comprised of one share and one warrant to purchase one common share for three years at a price of $0.20 for the first two years and $0.25 for the third [...]
San Marco Resources Inc. announces that it intends to complete a private placement for gross proceeds of up to $500,000 through the issuance of up to 2,500,000 shares at a price of $0.20 each. The shares will qualify as "flow-through" shares under the Income Tax Act . The proceeds of the private placement will be used to incur "Canadian Exploration Expenses" on the exploration on the Buck property which qualify as [...]
San Marco Resources Inc. announces that it intends to complete a non-brokered private placement to raise gross proceeds up to C$ 1,050,000. The private placement will consist of up to 7,000,000 units at a price of $0.15 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share for three years at a price of [...]
San Marco Resources Inc. announces that its exploration activities on the recently 100% optioned Buck gold/silver property are continuing in preparation for drilling. Drilling will commence upon receipt of a drill permit . The Buck property is located approximately 15 km south of Houston B.C. and has excellent road access enabling year-round exploration. Historical exploration includes drilling, ground and airborne [...]
San Marco Resources Inc. is pleased to advise as follows: Share Consolidation At a special general meeting of shareholders held today, its shareholders voted in favour of a special resolution to consolidate the Company's shares on a three into one basis. San Marco currently has 67,916,082 common shares issued and outstanding and, once the consolidation is completed, it will have 22,638,694 common shares issued and [...]
San Marco Resources Inc. provides an update on its option agreement to acquire a 100% interest in the Buck Property, an intermediate sulphidation, epithermal gold-silver zinc property near the town of Houston in north-central British Columbia, which it announced on July 16, 2019. Option Terms By incurring at least $112,000 in exploration on the property by December 31, 2019, and making cash payments totalling $300,000 and [...]
