Magna Terra Minerals Inc. announces that it has closed its non-brokered private placement of gross proceeds totalling $324,869 . The Company has issued 10,828,980 common shares at a price of $0.03 per share. The gross proceeds of the Offering will be used to incur expenditures on the Company's properties. Below is a summary of the major categories applied to the gross proceeds as required by the policies of the TSX [...]
Magna Terra Minerals Inc. is pleased to announce that it has commenced an exploration program on its 100% owned Great Northern Project , located in western Newfoundland. Great Northern is a proven gold environment with existing Mineral Resources and numerous untested gold trends over a cumulative 30+ kilometre strike with the potential to host multi-million-ounce gold deposits . The exploration program will comprise an [...]
Magna Terra Minerals Inc. is pleased to announce that it has completed a second closing of its non-brokered private placement of gross proceeds totalling $80,100, bringing the total proceeds received to date to $324,869. The full private placement of gross proceeds up to $600,000 will consist of an issuance of common shares of the Company at a price of $0.03 per share for a total issuance of up to 20,000,000 common [...]
Magna Terra Minerals Inc. is pleased to announce that it has completed an Updated Mineral Resource Estimate on the Thor Deposit on its 100% owned Great Northern - Viking Project , located in western Newfoundland. The Great Northern - Viking Project area is a proven gold environment with existing Mineral Resources and numerous untested gold trends over a cumulative 30+ kilometre strike with the potential to host [...]
Magna Terra Minerals Inc. is pleased to announce that it has completed a first closing of its non-brokered private placement of gross proceeds totalling $244,769. The full private placement of gross proceeds up to $600,000 will consist of an issuance of common shares of the Company at a price of $0.03 per share for a total issuance of up to 20,000,000 common shares. The gross proceeds of the Offering will be used to incur [...]
Magna Terra Minerals Inc. announces that it has entered into amended option agreements regarding its Cape Spencer Project in southern New Brunswick. Under the original terms of the Marigold option agreement, the Company can earn a 100% interest in the Marigold Property by paying the Optionor a total of $200,000 . The Company has entered into an amended agreement whereby it will now earn a 100% property interest by paying [...]
Magna Terra Minerals Inc. is pleased to announce that, subject to all regulatory approvals, the Company intends to complete a non-brokered Private Placement of gross proceeds up to $600,000 . The Offering will consist of an issuance of common shares of the Company at a price of $0.03 per share for a total issuance of up to 20,000,000 common shares. The Company expects that insiders of the Company may participate in the [...]
Magna Terra Minerals Inc. is pleased to announce that Opus One Resources Inc. have provided a detailed summary report of its exploration program undertaken to date on the Noyell Project , located in the province of Quebec. In addition, Opus One has made the fourth anniversary option payment to Magna Terra of $100,000 under the option and purchase agreement . The Noyell Project covers an area of 2,536 hectares and is [...]
Magna Terra Minerals Inc. is pleased to announce through its 100% owned Argentine subsidiary Atala Resources S.A. , that Oroplata S.A. , a subsidiary of Newmont Corporation , has provided a detailed summary report of its initial exploration program undertaken to date on the Boleadora Project. In addition, Oroplata has made the third anniversary option payment of US$100,000 to Atala under the option agreement . The [...]
Magna Terra Minerals Inc. is pleased to announce that it has earned a 100% interest in its flagship Great Northern Project , located in western Newfoundland, having recently renegotiated final payment terms with Spruce Ridge Resources Ltd. on the Viking and Kramer Property option agreements . In addition to renegotiating the Agreements to reduce certain cash payments in favour of equity, Magna Terra and Spruce Ridge have [...]
Magna Terra Minerals Inc. announces that Mr. Denis Hall has resigned his seat on the Board of Directors and will be replaced by Mr. Gernot Wober. Mr. Wober is a professional geologist and has over 32 years of international experience, including substantial time spent in Latin America. Mr. Wober is currently the VP Exploration for Discovery Silver Corp. where he started in 2018, and in 2019 identified the Cordero silver [...]
Magna Terra Minerals Inc. is pleased to announce that all resolutions proposed to shareholders at the annual and special meeting held today were duly passed. All the nominees listed in the management information circular for the meeting were elected as directors of the Company. Detailed results of the vote for the election of directors are set out below. Nominee Votes For % For Votes Against % Against Lewis Lawrick [...]
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