Serengeti Resources Inc. and Sun Metals Corp. are pleased to announce, further to their joint news releases dated November 30, 2020 and December 2, 2020, the closing of the previously announced upsized bought deal financing of 82,800,000 subscription receipts of Sun Metals, at a price of $0.125 per Subscription Receipt for gross proceeds of $10,350,000. The Offering included a full exercise of the underwriters [...]
Serengeti Resources Inc. is pleased to report the first batch of assay results from the 2020 drilling campaign completed at the Kwanika Project in north-central BC. A total of 4,350 metres were drilled in 9 holes testing a number of exploration targets and resource expansion opportunities. The advanced resource-stage Kwanika project is ~26,000 hectares, held by Kwanika Copper Corporation *, and is located in the Quesnel [...]
Serengeti Resources Inc. and Sun Metals Corp. are pleased to announce that they have entered into an agreement with PI Financial and Haywood Securities as co-lead underwriters, on behalf of a syndicate of underwriters, to increase the size of the previously announced bought deal financing to an aggregate of 72,000,000 subscription receipts at a price of $0.125 per Subscription Receipt for gross proceeds of $9,000,000 [...]
Serengeti Resources Inc. and Sun Metals Corp. are pleased to announce that they have entered into a definitive arrangement agreement dated November 29, 2020 pursuant to which Serengeti will acquire all of the issued and outstanding shares of Sun Metals on the basis of 0.43 common shares of Serengeti basis) for each share of Sun Metals held, by way of a plan of arrangement under the Business Corporations Act . The [...]
Serengeti Resources Inc. is pleased to report that at the Annual General Meeting of its shareholders held via Webex virtual platform on November 17, 2020, the Company experienced an excellent turnout of attendees on the platform and a strong turnout of proxy votes. A total of 65 votes were received by proxy, representing 38,372,957 shares or 34.79% of the Company’s issued share capital. All resolutions proposed and voted [...]
Serengeti Resources Inc. reports that additional mineralized zones have been intersected in resource step-out drillholes at Kwanika, and the drilling program is now complete for 2020. A total of 4,350 metres were drilled in 9 holes testing a number of exploration targets and resource expansion opportunities. All core samples have been shipped to the analytical laboratory and all results are pending. The advanced [...]
Serengeti Resources Inc. is pleased to report results from mapping, sampling and induced polarization geophysics completed at the wholly-owned East Niv property. East Niv is located in an under-explored region of the eastern Stikine Terrane, approximately 15km west of the Sustut Copper deposit and 40km south-southwest of the Kemess mine complex in the Omineca Region of British Columbia. Serengeti initially staked East Niv [...]
Serengeti Resources Inc. is pleased to report that Kwanika Copper Corp* has renewed an Exploration Agreement with the Takla Nation which provides for a continuation of a mutually beneficial and cooperative relationship between the two parties. The agreement has a five year term and provides the parties certainty in their relationship throughout the advancement of the Kwanika project. The advanced resource-stage Kwanika [...]
Serengeti Resources Inc. is pleased to report that the drilling program at Kwanika is now progressing well with the addition of a second drilling rig due to start on September 16th in order to expedite completion of the program by late September. Serengeti expects that the total program will include up to 4,300m of drilling in eight to nine drill holes testing a number of exploration targets and resource expansion [...]
Serengeti Resources Inc. is pleased to report that Phase 1 exploration on its Kwanika Copper Gold project is completed and Phase 2 which includes drilling is to begin shortly. The Kwanika project is ~26,000 hectares, held by Kwanika Copper Corp.* and located in the northern Quesnel Trough of British Columbia which hosts numerous porphyry copper-gold deposits. The 2020 drill program is fully funded and designed to expand [...]
Serengeti Resources Inc. is pleased to report preliminary field results from mapping and sampling programs recently completed at the East Niv and Top Cat projects. Highlights: East Niv The original monzodiorite showing, first identified in 2019 and grading up to 0.82% copper, 1.14 g/t gold in composite grab samples, was extended to 400m strike length. A second mineralized monzodiorite outcrop, measuring 200 m in strike [...]
Serengeti Resources Inc. announces the Company’s audited financial statements and Management Discussion & Analysis for the year ended February 29, 2020 have now been filed and can be accessed for review on SEDAR. Further to the Company’s news release of June 15, 2020, the Company has now received TSX Venture Exchange acceptance and issued 272,104 common shares in the capital of the Company at a deemed price of $0.19 per [...]