Aranjin Resources Ltd. is pleased to announce that it has entered into an agreement to acquire the highly prospective Sharga Copper Project . The Sharga Project is located in the Gobi Altai region of Mongolia near the Chinese border and is comprised of one Mineral Exploration Licence covering over 9,000 hectares. The Sharga Project is located in the Sharga Soum of Gobi Altai Province and 80 km from the Altai city. The [...]
Aranjin Resources Ltd. is pleased to announce the commencement of drilling program at its Bayan Undur project. Over $10m worth of historical drilling and associated analysis at the BU project has now been reviewed. As a result of this analysis, the Company plans to start with one deep hole at a highly targeted area of the BU project in April 2021. The BU project is located in the Bayan Undur soum of Bayankhongor province [...]
Aranjin Resources Ltd. is pleased to announce that it has now completed the previously announced acquisition of four mining licenses comprising the Bayan Undur project located in Bayankhongor province, Mongolia. The Company acquired all of the shares of BK Mining LLC , which is the indirect 100% owner of the BU project, for nominal cash consideration. The Company was able to favorably renegotiate the consideration payable [...]
Aranjin Resources Ltd. announces that the board of directors of the Company has approved the grant of 9,750,000 stock options to certain directors, officers, employees and consultants pursuant to the Corporation's Stock Option Plan. The options vest on the date of grant, expire two years from the date of grant and are exercisable at a price of $0.05 per common share. On behalf of the Board Matthew Wood Chairman Aranjin[...]
Aranjin Resources Ltd. is pleased to announce the appointment of Mr. Bataa Tumur-Ochir to the Board. Mr. Tumur-Ochir is a Mongolian citizen and resident, and has a wealth of global experience in the mining and resources sector. He is currently President and CEO of Steppe Gold Ltd, Mongolia's premier precious metals group. Under his guidance, Steppe Gold progressed its ATO Gold Mine from vacant Mongolian steppe to gold [...]
Aranjin Resources Ltd. announces that it has concluded an agreement to divest its Brazilian subsidiary, Five Star Mineracao Ltda, to a private investor group for future consideration. As noted in Company filings over the past 18 months, investor appetite for investment in the diamond mining sector has been very low. The Company has been unable to secure investors to support the development of the Company's Brazil diamond [...]
Aranjin Resources Ltd. announces that it has completed the second and final tranche of its previously announced non-brokered private placement issuing 66,666,666 units of the Company at a price of $0.015 per unit for gross proceeds of $566,975 bringing the total gross proceeds of the offering to $1,000,000. Each unit is comprised of one common share of the Company and one common share purchase warrant with each warrant [...]
Five Star Diamonds Ltd. announces that it is has completed the initial tranche of its previously announced non-brokered private placement issuing 28,868,333 units of the Company at a price of $0.015 per unit for gross proceeds of $433,025. Each unit is comprised of one common share of the Company and one common share purchase warrant with each warrant exercisable for one common shares at a price of $0.05 per share for a [...]
Five Star Diamonds Ltd. is pleased to announce that due to interest from potential investors its previously announced non-brokered private placement has been increased by $500,000 up to 66,666,66 units of the Company at an offering price of $0.015 per unit for gross proceeds of up to $1,000,000. Each unit will be comprised of one common share of the Company and one common share purchase warrant with each warrant [...]
Five Star Diamonds Ltd. announces that it is proposing to complete a non-brokered private placement of up to 33,333,333 units of the Company at an offering price of $0.015 per unit for gross proceeds of up to $500,000. Each unit will be comprised of one common share of the Company and one common share purchase warrant with each warrant exercisable for one common shares at a price of $0.05 per share for a period of 12 [...]
Five Star Diamonds Limited announces that it will be relying on the blanket relief granted by the Canadian Securities Administrators in respect of its obligation to file its annual financial statements required by subsection 4.2 of National Instrument 51-102 - Continuous Disclosure Obligations and its annual management's discussion and analysis required by subsection 5.1 of NI 51-102 on or before April 30, 2020; and its [...]
Five Star Diamonds Limited announces that it has issued Common Shares in payment of drilling services provided to the Company pursuant to a drilling for shares arrangement previously announced on April 17, 2018. The Company settled an aggregate amount of $484,698 owing to the drilling contractor for drilling completed on the Company's Brazilian diamond properties through the issuance of 9,693,960 Common Shares at a deemed [...]
