Takara Resources announces that it received the requisite shareholder approval at its Special Meeting of Shareholders held on February 6, 2013, in respect of the sale of StrataGold Guyana Inc. to Alicanto Minerals Limited, an Australian company listed on the Australian Stock Exchange. Closing is expected to occur on or before February 28, 2013, however, the Company has been advised that Alicanto is required to obtain [...]
Takara Resources announces that Alicanto Minerals exercised its option to enter into a binding definitive agreement in respect of the purchase of Takara's wholly-owned subsidiary, StrataGold Guyana. The parties executed a share purchase agreement pursuant to which Alicanto has agreed to purchase StrataGold Guyana Inc. in consideration for, among other things, $600,000 cash (less unpaid liabilities in StrataGold in excess [...]
Takara Resources announces that it has entered into an option agreement to sell its wholly-owned subsidiary, StrataGold Guyana, to Alicanto Minerals. StrataGold holds 100% of Takara's Guyana-based mining interests. After careful consideration, Takara chose to explore alternatives to divest StrataGold and sought a suitable buyer with greater financial resources to advance the Guyanese projects. After negotiating with [...]
Takara Resources announces that the Company's application to the TSX Venture Exchange to acquire Kutu Gold Inc., as announced on June 1, 2012, has been withdrawn. The Company will continue to prioritize its projects and updates will be provided when available. Given the termination of the proposed transaction with Kutu Gold, Messrs. Suresh Narine, Steve McIntyre, and Chris Irwin have tendered their resignations as [...]
Takara Resources announces that the underlying property holder of the Tassawini gold project (Republic of Guyana) has provided notice to the Company of his intention to attempt to terminate the Company's rights and entitlements to four of the medium scale mining permits comprising approximately 3,413 acres at the Tassawini project (totalling approximately 58,277 acres), on the basis that the feasibility study on the [...]
Takara Resources announces that at the Annual and Special Meeting of Shareholders held on June 29, 2012, the shareholders approved all resolutions that were put before them by management, including the election of all director nominees, the appointment of the auditor, the approval of the stock option plan, and the approval for up to a 5:1 share consolidation.
Takara Resources announces the mailing of its management information circular in respect of its upcoming shareholders meeting to be held on June 29, 2012 at 9:30 am at the Company's offices in Toronto. A new slate of directors is being proposed, namely, Dr. Suresh Narine, Mr. Stephen McIntyre, and Mr. Chris Irwin, in addition to the re-election of Ms. Jennifer Boyle, and recently appointed Mr. John Cullen, and Mr. James [...]
Takara announces that it has appointed Messrs. John Cullen and James Fairbairn to the board of directors of Takara, in connection with the proposed acquisition of Kutu Gold, a private company having various rights to gold projects in Guyana, South America. Mr. John Cullen is a co-founder of CGX Resources, CGX Energy Inc.'s wholly-owned subsidiary that holds CGX's petroleum prospecting licenses. Mr. Cullen has 30 years [...]
Takara Resources announces that the current market conditions, and availability of a combined operating team as contemplated, has precluded Axiom Gold and Silver Corp. and Takara from concluding the proposed business combination transaction on the terms previously negotiated. In the event that suitable amended terms can be reached the Company will provide updates to same. In the interim, Takara shall continue to conduct [...]
Takara and Axiom jointly announce today that they have agreed to complete a business combination transaction resulting in the amalgamation of assets whereby at closing, and prior to securities issued pursuant to the Offering, Takara shareholders would hold approximately 54 percent of the resulting Issuer (which will be Takara) and Axiom shareholders would hold approximately 46 percent. This exchange ratio represents, more [...]
Takara announces a non-brokered private placement offering for gross proceeds of up to $1,000,000. The Offering will comprise the sale of 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 non-transferable common share purchase warrant exerciseable at a price of $0.10 per common share at any time within 24 (twenty-four) months from issuance.
Takara announces that Greenstone Gold Inc., a private company, is precluded from entering on and carrying out any work on two of the Arakaka projects, namely, B-22 and B-23, pursuant to an Injunction Order upheld and rendered against Greenstone Gold Inc. in the Guyana High Court of the Supreme Court of Judicature Civil Jurisdiction.
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