Hilo Mining Ltd. is pleased to announce a non-brokered private placement consisting of up to units 12,800,000 at a price of $0.09 per Unit for total gross proceeds of up to $1,152,000. Each Unit consists of one common share and one-half of a common share purchase warrant . Each Warrant is exercisable for one additional common share at an exercise price of $0.15 for a period of 18 months following closing of the Private [...]
Hilo Mining Ltd. is pleased to announce the results of the 2022 Induced Polarization survey at its 100% owned Champ precious metals project , located in the West Kootenays near Castlegar, British Columbia. SJ Geophysics Ltd. completed 6.5-line km of 3D IP surveying centred on the Dirty Jack showing. The Dirty Jack is a zone of massive sulfide fracturing and disseminated sulfides in calc-silicate altered rocks with [...]
Hilo Mining Ltd. is pleased to announce the commencement of the 2022 Induced Polarization survey at its 100% owned Champ precious metals project , located in the West Kootenays near Castlegar, British Columbia. SJ Geophysics Ltd. of Delta, BC will undertake 3D IP surveying at the Dirty Jack showing, which consists of massive sulfide fractures and disseminated sulfides in calc-silicate altered rocks. Historic grab sample [...]
Hilo Mining Ltd. is pleased to provide an update on the Company's Champ precious metals project , located in the West Kootenays near Castlegar, British Columbia. HILO has submitted a Notice of Work exploration permit application to the BC Ministry of Energy, Mines and Low Carbon Innovation in advance of its planned ground Induced Polarization program as recommended in the Champ Technical Report. A copy of the technical [...]
Hilo Mining is pleased to announce completion of its previously announced private placement of common shares at a price of $0.15 per common share. Pursuant to the Private Placement, Hilo issued 5,762,363 common shares for gross proceeds of $864,354.45. Hilo intends to use the net proceeds of the Private Placement for its exploration program on the Champ Property, for expenses incurred in connection with its proposed [...]
Golden Independence Mining and Hilo Mining are pleased to announce that they have completed their previously announced spin-out transaction involving common shares of Hilo. In accordance with the terms of the arrangement agreement between Golden and Hilo, 1,000,000 Hilo Shares have been distributed and holders of common shares of Golden received 01594764 of a Hilo Share for each common share of Golden held by such holder [...]
Golden Independence Mining is pleased to announce that the effective date for its previously announced "spin-out" of 1,000,000 common shares of Hilo Mining Ltd. is anticipated to Nov 12, 2021. As previously announced, Hilo and the Company entered into an arrangement agreement to complete a statutory plan of arrangement under the Business Corporations Act pursuant to which the Company transferred the Champ precious metals [...]
