Satori Resources Inc. announces that, in response to interest received from multiple third parties, the board of directors commenced a process to explore strategic alternatives in order to maximize shareholder value. The Company has therefore engaged Canaccord Genuity Corp. as its financial advisor in connection with this process. Canaccord is an independent, global, full-service investment bank, and has significant [...]
Satori Resources Inc. announces that Global Resource Engineering Ltd. has completed its on-site evaluation at the Tartan Lake Gold Mine Project in Flin Flon, Manitoba, and concludes that the mine site and infrastructure remains in reasonable condition, particularly given the length of time that the project has been on care and maintenance. The engineering consultants confirmed that the mine surface facilities include a [...]
Satori Resources Inc. announces that Global Resource Engineering Ltd. of Colorado will be on site at the Tartan Lake Gold Mine Project in Flin Flon, Manitoba in order to assess the infrastructure, among other things, as announced on September 26, 2019. The on-site evaluation program will further include testing activities at the tailings pond for the purpose of designing a tailings recovery program. Dr. Todd Harvey will [...]
Satori Resources Inc. announces that it has engaged Global Resource Engineering Ltd. of Denver Colorado to work with Satori in its evaluation of various processing options conducive to ore recovery and operating cost tradeoffs, and to provide Satori with an itemized assessment for restarting the Tartan Lake Gold Mine Project, inclusive of Mill capital cost assumptions. The project will be led by Dr. Todd Harvey of Global [...]
Satori Resources Inc. is pleased to announce the appointments of Mr. Pete Shippen as Chairman of the board of directors of the Company, and Mr. Al Charron as a new member of the board. Al Charron is a retired professional rugby player, currently working with Rugby Canada in fund raising, player support, alumni relations, and as a goodwill rugby ambassador. During Al’s playing career, he represented Canada in four [...]
Satori Resources Inc. announces that it has closed the final tranche of its private placement offering for additional gross proceeds of $130,000. In total, the Company raised $770,000 by the issuance of an aggregate 15,400,000 units at a price of $0.05 per unit. Each unit is comprised of one common share and one full purchase warrant entitling the holder to acquire one common share at a price of $0.06 for a period of 36 [...]
Satori Resources Inc. announces that it has closed the first tranche of a private placement offering last announced on October 5, 2018 by the issuance of 12,800,000 units at a price of $0.05 per unit, for gross proceeds of $640,000. Each unit is comprised of one common share and one full purchase warrant entitling the holder to acquire one common share at a price of $0.06 for a period of 36 months from issuance. In [...]
Satori Resources Inc. announces that Ms. Jennifer Boyle has been appointed as Chief Executive Officer and a director of the Corporation, that Mr. James Macintosh has provided his resignation as a director of the Company. Additionally, the Company announces that Mr. Peter Shippen, a capital markets executive and entrepreneur with over 15 years of experience, has been appointed as a director of the Company to fill the [...]
Satori Resources Inc. announces that it shall increase the non-brokered private placement financing previously announced on September 24, 2018 from $750,000 to $1,000,000, by issuing up to 20,000,000 Units at a price of $0.05 per Unit. All other terms remain unamended, namely, that each Unit will consist of one common share in the capital of the Company and one full common share purchase warrant , each full Unit Warrant [...]
Satori Resources Inc. announces that it intends to complete a non-brokered private placement financing for gross proceeds up to $750,000, by issuing 15,000,000 Units at a price of $0.05 per Unit. Each Unit will consist of one common share in the capital of the Company and one full common share purchase warrant , each full Unit Warrant entitling the holder to acquire one common share of the Company at a price of $0.06 for [...]
June 04, 2018 -- Satori Resources Inc. announces that it has completed an independent metallurgical study, in order to better understand the inconsistency of recovery rates documented from production at the Tartan Lake Gold Mine Project in the late 1980’s. The report evidences favourable recovery rates from a significant bulk sample, which concluded that the Main zone had an overall Au recovery ranging between 95 [...]
Jan. 10, 2018 -- Satori Resources Inc. is pleased to announce the appointment of Mr. Allen Palmiere as Chief Executive Officer, and as a member of the Board of Directors of Satori. In addition to this appointment, Ms. Jennifer Boyle, a founding director of Satori, has been appointed President. Mr. Palmiere brings a unique perspective to the Company, having executive level experience from both the mining [...]
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