Pinecrest Resources is pleased to announce that, subject to final government approvals, the Company has completed the acquisition of a 100% interest in the Enchi gold project located in Ghana from Edgewater Exploration and Red Back Mining Ghana, an indirect wholly-owned subsidiary of Kinross Gold, collectively, the "Transaction"). Details of the Transaction can be found in the May 22, 2014 Pinecrest news release.
Pinecrest Resources is pleased to provide an update on the acquisition of the Enchi gold project located in Ghana from Edgewater Exploration which holds 51% of the Project and Red Back Mining Ghana Limited, an indirect wholly-owned subsidiary of Kinross Gold Corp., which holds 49% of the Project. Pinecrest has now executed all agreements with Red Back, Edgewater and Sandstorm Gold Ltd. ("Sandstorm") and has set December [...]
Pinecrest Resources Ltd. and Red Back Mining Ghana Ltd., a wholly-owned subsidiary of Kinross Gold Corp. execute the Asset Purchase Agreement on the Enchi Gold Project, Pinecrest Resources and Sandstorm Gold Ltd., execute the Assignment Agreement. Pinecrest Resources and Edgewater Exploration Ltd., execute the Asset Purchase Agreement on the Enchi Gold Project.
Pinecrest Resources Ltd. is pleased to provide an update on the private placement and acquisition of a 100% legal and beneficial interest in the Enchi gold project located in Ghana from Edgewater Exploration Ltd. which holds 51% of the Project and Red Back Mining Ltd., a wholly-owned subsidiary of Kinross Gold Corp., which holds 49% of the Project. On completion of the Transaction, Pinecrest will own a 90% interest in the [...]
Mr. Edward Farrauto, CEO of Pinecrest Resources is pleased to announce that further to the Company's press releases dated May 21 and May 29, 2014, the Company and Sandstorm Gold have signed a non-binding letter of intent dated July 14, 2014 which sets out the proposed terms and conditions of an intended strategic alliance between the corporations, which is subject to Pinecrest's indirect acquisition of a 100% legal and [...]
Pinecrest Resources announces that it has amended the structure of its financing as previously announced on May 22, 2014. The Company will now be undertaking a non-brokered private placement to raise Cdn$3,000,000 through the issuance of 15,000,000 units at a purchase price of $0.20 per Unit, rather than the previously announced subscription receipts. Each Unit will consist of one common share in the capital of the [...]
Mr. Edward Farrauto, CEO of Pinecrest Resources is pleased to announce that the Company has signed non-binding letters of intent with Red Back Mining Ghana Limited a wholly- owned subsidiary of Kinross and Edgewater Exploration, to acquire 100% of the legal and beneficial ownership of the Enchi Gold Project located in South West Ghana. The Project is currently the subject of a joint venture between Red Back (49% interest [...]
Pinecrest Resources has terminated its option agreement with Kootenay Silver Inc. on the Espiritu project in Sonora, Mexico. Pinecrest management is continuing to seek high potential precious and base metal projects for acquisition. Edward Farrauto, CGA, President and CEO. Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning [...]
Pinecrest Resources announces that at its annual and special meeting held on April 4, 2013, the shareholders of the Company approved an advance notice policy (the "Policy"), for the purpose of providing shareholders, directors and management of Pinecrest with a clear framework for nominating directors. The Policy is meant to: (i) facilitate an orderly and efficient annual general or, where the need arises, special [...]
Subject to regulatory approval, Pinecrest Resources Ltd. has granted 510,000 stock options to a director of the Company. The options are at an exercise price of $0.12 per share and valid for a period of five years from the date of grant. Edward Farrauto, CGA, President and CEO
Pinecrest Resources and Kootenay Silver report initial Phase 1 drill results from the Espiritu polymetallic vein/breccia project, Sonora. Five diamond drill holes totaling 409 metres were completed on two of seven known silver-rich mineralized areas outlined to date. Two holes tested the Road Show Zone and three the Molinos Zone. Two drill holes collared on the Road Show zone were an initial test of a 500-m by 500-me [...]
Mr. Edward Farrauto, President and CEO of Pinecrest Resources is pleased to announce the beginning of a Phase 1 drilling program on the Company's Espiritu gold/silver polymetallic project, Sonora. The phase I drill program will comprise 500 m of core drilling to test two silver/gold polymetallic mineralized zones outlined during the Phase I exploration prospecting, mapping and soil sampling program. Pursuant to the terms [...]
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