Zonte Metals Inc. announces that, due to increased demand, it has increased the size of its previous announced non-brokered private placement to $1.4 million consisting of 4,183,167 flow through shares at a price of $0.30 and 723,044 Units at a price of $0.23 for total proceeds of $1,421,250, subject to TSX Venture Exchange approval. Each Unit will consist of one common share and one-half of one share purchase warrant [...]
Zonte Metals Inc. has completed a $1.25 million financing consisting of 4,166,667 flow through shares at a price of $0.30 for total proceeds of $1,250,000, subject to TSX Venture Exchange approval. The securities issued pursuant to the Offering will be subject to a four-month and one day statutory hold period. In connection with the private placement, Zonte will pay finders' fees to Eligible Finders of $75,000 in cash [...]
TSXV: ZON Zonte Metals Inc. is pleased to announce it has signed a drill contract for the Phase 1 drilling at the Cross Hills Iron Oxide Copper Gold Property in Newfoundland and Labrador. The drill rig is scheduled to be mobilized to the target during the second week of January. Drilling will be conducted on the Dunns Mountain target where the Company has delineated a large target defined by coincident high-resolution [...]
TSXV: ZON Zonte Metals Inc. has closed a $1.2 million financing consisting of 3,624,000 units at a price of $0.25 and 1,126,666 flow through shares at a price of $0.30 for total proceeds of $1,244,000, subject to TSX Venture Exchange approval. Each Unit will consist of one common share and one-half of one share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share at a [...]
DOUGLAS, Isle of Man, May 25, 2018 /CNW/ - AngloGold Ashanti International Exploration Holdings Limited , a wholly-owned subsidiary of AngloGold Ashanti Ltd., is pleased to announce that it has acquired, by way of a non-brokered private placement, 12,800,000 units of Pure Gold Mining Inc. at a price of $0.62 per Unit, representing an aggregate subscription price of approximately $7,936,000. Each Unit consists of one [...]
TSXV: ZON HALIFAX, Feb. 27, 2018 /CNW/ - Zonte Metals Inc. is pleased to provide an update on the ongoing winter exploration program on the Cross Hills Iron Oxide Copper Gold Project. Zonte's geophysical contractor has carried out a high-resolution ground magnetometer survey on select portions of the Cross Hills Project. The Company is currently in receipt of the final results of the work over the Dunn's Mountain target [...]
TSXV: ZON HALIFAX, Nov. 15, 2017 /CNW/ - Zonte Metals Inc. (TSXV: ZON) ("Zonte") is pleased to announce it has signed an option agreement to acquire 100% of the Cross Hills Iron Oxide Copper Gold Project, on the island portion of Newfoundland and Labrador. The property is comprised of 327 claims covering 8175 hectares including 90 claims optioned from the property vendor and an additional 237 claims map staked by the [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - November 14, 2016) - AngloGold Ashanti (NYSE: AU) announced a significant jump in third-quarter free cash flow to $161m, further improving its net debt position despite a decline in ore grades at some of its operations and a challenging operating environment for its South African business. Free cash flow was $161m, before the $30m once-off cost incurred for the early repayment of [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - May 09, 2016) - AngloGold Ashanti (NYSE: AU) today announced strong free cash flow in the first quarter as an ongoing focus on cost management, and leverage to weaker currencies, yielded positive results and improved margins. Free cash flow was $70m, a marked improvement to the outflow of $40m in the first quarter of last year. AngloGold Ashanti has delivered on a range of [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - February 22, 2016) - AngloGold Ashanti (NYSE: AU) today said it cut net debt by almost a third last year after margins increased despite lower gold prices, and the company generated free cash flow of $160m in the fourth quarter. AngloGold Ashanti delivered on a range of self-help measures last year to reduce debt using internally generated funds, without diluting shareholders [...]
TSXV: ZON BEDFORD, NS, Nov. 19, 2015 /CNW/ - As announced in a press release dated March 26, 2014, Zonte (the "Company"), in collaboration with several Colombian Partners, made applications for mineral titles in Colombia. One of the applications was made over open ground sitting over the Gramalote Deposit which is a joint venture between AngloGold Ashanti (NYSE: AU) and B2Gold (TSX: BTO) (NYSE: BTG). This application was [...]
JOHANNESBURG, SOUTH AFRICA--(Marketwired - November 11, 2015) - The Tropicana Gold Mine today celebrated production of its 1 millionth ounce on schedule, just over two years since pouring first gold. "We poured first gold at Tropicana in September 2013 and the fact that the mine has produced its millionth ounce on schedule is testament to the hard work of everyone at the site and the support of our business partners [...]
