Aranjin Resources Ltd. , is pleased to announce a non-brokered private placement of up to $1,000,000 through the sale of units of the Company at a price of $0.02 per Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant with each warrant exercisable for one common share at a price of $0.05 per share for a period of 24 months from closing. The proceeds of the Private [...]
Aranjin Resources Ltd. provides a shareholder update on its Mongolian projects. The Company had a relatively quiet fourth quarter in 2022 as it considered plans for an active drilling campaign in 2023 and it has been speaking to existing shareholders and strategic investors concerning potential capital solutions for the upcoming year. As foreshadowed in the press releases during 2022, the focus of the Company has now [...]
Aranjin Resources Ltd. is very pleased to announce that it has completed an initial program of follow up auger geochemical drilling at the Baavhai Uul Copper Project in southern Mongolia in which it holds an 80% interest. This work has highlighted a significant copper nickel discovery at the "Victory Copper Nickel Discovery" under very shallow alluvial cover. Highlights 814 auger geochemical drill holes completed with [...]
Aranjin Resources Ltd. announces that the Company will be extending the maturity date of the $1,814,400 principal amount unsecured convertible debenture issued on August 10, 2021, and convertible into common shares of the Company at a price of $0.055 per share. The Debenture was issued pursuant to a private placement which closed on August 10, 2021. The Company proposes to extend the maturity date by one year, and [...]
Aranjin Resources Ltd. is very pleased to announce that it has commenced an extensive program of follow up auger geochemical drilling at the new Baavhai Uul Copper Nickel Discovery, further to the recently announced reciprocal exploration agreement with ION Energy. Highlights Exploration programs underway with follow up auger geochemical drilling confirming and further highlighting the copper nickel discoveries. Up to [...]
Aranjin Resources Ltd. is very pleased to announce that the TSX Venture Exchange has approved the previously announced agreement between ION Energy Ltd. and Aranjin whereby the parties granted one another reciprocal exploration rights on their respective exploration licences within Mongolia. Both ION and Aranjin will leverage one another's expertise in their respective metals, with Aranjin being granted a right to explore [...]
Aranjin Resources Ltd. is very pleased to announce that it has have entered into a term sheet agreement which sets out the terms for an exploration joint venture with ION Energy Ltd . The Joint Venture will consist of both Parties granting one another reciprocal exploration rights on their respective exploration licences within Mongolia. Both ION and Aranjin will leverage one another's expertise in their respective [...]
Aranjin Resources Ltd. is very pleased to announce results from the recent drilling at the Sharga Copper Project . Highlights: First drilling program completed with results now received for all drill holes and Phase 2 follow up drilling planned. Highly encouraging early results from six initial drill holes with a best result of 15.4 meters at 1.33% Copper and 0.94g.t Gold. Wide zones of VMS style mineralization up to 100 [...]
Aranjin Resources Ltd. is pleased to announce the closing of the acquisition of the Sharga Copper Project . The Company has acquired the Project through the purchase of all of the issued and outstanding equity interests in the Mongolian company that is the 100% owner of the Sharga Project. As consideration for the acquisition, the Company paid a total of US$1.5 million in cash in instalments and obligated issue 30 million [...]
Aranjin Resources Ltd. announces that it has closed, in escrow, its previously announced US$1.5 million unsecured convertible debenture financing to be used to fund the cash portion of the acquisition consideration for the purchase of the Sharga Copper Project in Mongolia. The debenture has a term of 12 months and bears interest at a rate of 15% per annum to be accrued and paid at maturity in cash, or at the option of the [...]
Aranjin Resources Ltd is pleased to provide an update on its proposed acquisition of the highly prospective Sharga Copper Project previously announced by the Company on May 19, 2021. The completion of the acquisition remains on track. The Company has received conditional approval of the acquisition from the TSXV and is in the process of satisfying the conditions stipulated by the TSXV approval letter. Closing the [...]
Aranjin Resources Ltd. is pleased to announce the exercise of an aggregate of 26,441,666 outstanding common share purchase warrants issued as part of the private placement financing completed in two tranches on June 10 and July 3, 2020. The exercises made to date have resulted in aggregate proceeds to date of $1,322,083. Other holders of warrants issued under the second tranche and expiring on July 3, 2021 may also [...]
