Vancouver, July 31, 2023 - South Atlantic Gold Inc. is pleased to announce that it has completed the previously announced non-brokered private placement offering for gross proceeds of $512,040 to the Company. The Offering consisted of 8,533,999 common shares of the Company at a price of $0.06 per Common Share. The proceeds of the Offering will be used to continue to advance the Company's due diligence on the proposed [...]
Vancouver, July 11, 2023 - South Atlantic Gold Inc. is pleased to announce a non-brokered private placement offering for gross proceeds of up to C$510,000. The Offering will consist of up to 8.5 million common shares of the Company at a price of C$0.06 per Common Share. The proceeds of the Offering will be used to advance the Company's due diligence on its proposed acquisition of the Tucano Gold Mine in Brazil, as [...]
July 5th - Vancouver, British Columbia - South Atlantic Gold Inc. is pleased to announce that it has manifested and granted priority hearing under the Judicial Reorganization Process of Mina Tucano Ltda., Beadell Pty Ltd., and Beadell Pty Ltd., with the objective to investigate and potentially negotiate the acquisition of the Tucano Gold Mine , being the only exchange listed company to have officially filed interest into [...]
Kelowna, May 11, 2023 - South Atlantic Gold Inc. announces that, in accordance with its Option Plan and Long-Term Incentive Plan the Company has granted an aggregate 1,810,000 stock options , 180,000 restricted share units and an aggregate 2,360,000 deferred share units to certain directors, officers, employees and consultants of the Company subject to regulatory acceptance. The grants are pursuant to the Company's Plan [...]
Kelowna, March 21, 2023 - South Atlantic Gold Inc. has completed the previously announced financing wherein the Company has issued today 5,100,000 common shares at a price of $0.05 for gross proceeds of $255,000 . Certain Insiders of the Company participated in the Offering for an aggregate amount of 200,000 Common Shares. Such participation is considered a related party transaction within the meaning of Multilateral [...]
Vancouver, March 22, 2023 - Atco Mining Inc. is pleased to announce that it expects to receive final interpreted results from its recently completed airborne gravity survey shortly. Preliminary data from the airborne gravity survey recently conducted on its 100%-owned salt projects, located within the St. George's Bay Basin in southwestern Newfoundland, revealed that three high-priority oval-shaped gravity anomaly targets [...]
Kelowna, March 3, 2023 - South Atlantic Gold Inc. reports today that it has entered into a further amendment effective February 28, 2023 to the previously announced property option agreement dated November 4, 2022 and subsequent first amendment dated January 4, 2023 with Quetzal Copper Limited to divest the Company's 100% interest in the Big Kidd Project. Under the terms of the Second Amendment the Company has agreed to [...]
South Atlantic Gold Inc. announces it intends to complete a non-brokered private of up to 5,000,000 common shares of the Company at a price of $0.05 per Share for gross proceeds of up to $250,000 . Proceeds will be used by the Company for general working capital and administrative purposes. Insiders of the Company, including certain directors are expected to participate in the Offering. Such participation is considered a [...]
South Atlantic Gold Inc. reports today that it has entered into an amendment effective January 4, 2023 to the previously announced property option agreement dated November 4, 2022 with Quetzal Copper Limited to divest the Company's 100% interest in the Big Kidd Project. Under the terms of the Amendment the Company has agreed to extend the terms of Quetzal completing a Qualifying Financing on or before January 4, 2023 to [...]
Kelowna, November 10, 2022 - South Atlantic Gold Inc. is pleased to announce that the Brazilian environmental agency for the state of Ceará has commenced the evaluation process to license the Company's operations. The Company has also completed metallurgical testwork on the main ore zones of the Pedra Branca project as required by the mining license process. Highlights The environmental agency review will provide key [...]
Kelowna, November 9, 2022 - South Atlantic Gold Inc. is pleased to announce that it has entered into an option agreement to divest its 100% interest of the Big Kidd Project, British Columbia, to Quetzal Copper Limited , a British Columbia, corporation for a total consideration of $4.8 million and a 2% net smelter royalty upon completion of the required milestones. Option Terms A cash payment totaling $150,000 to South [...]
Kelowna, October 31, 2022 - South Atlantic Gold Inc. announces that the board of directors of the Company effective October 21, 2022 have adopted a restricted share units and deferred share units long term incentive plan . The purposes of the LTIP will be to: provide the Company with a mechanism to attract, retain and motivate highly qualified directors, officers, employees and consultants; align the interests of eligible [...]
