Omai Gold Mines Corp. is pleased to announce that following the closing of its reverse takeover transaction with Avalon Investment Holdings Inc. as previously described in its news releases dated May 24, October 10, and October 1, 2020 and more particularly set out in its management information circular dated August 29, 2020, which is available under the profile of the Company at www.sedar.com, the TSX Venture Exchange [...]
Omai Gold Mines Corp. , is pleased to announce that it has completed its previously announced reverse takeover transaction pursuant to which Omai acquired all of the issued and outstanding common shares in the capital of Avalon Investment Holdings Inc. , a private Barbados corporation with an interest in a mineral property in Guyana from the shareholders of Avalon . Omai’s common shares, which had traded on the TSX [...]
Anconia Resources Corp. announces it will host its annual general and special meeting in a virtual and in-person hybrid format in response to the ongoing global COVID-19 pandemic. The Meeting will now take place on Wednesday September 30, 2020 at 10:00 am Toronto Time and will be hosted in a virtual setting via webcast and teleconference as well as at the head office of the Company at 82 Richmond Street East, Toronto [...]
Anconia Resources Corp. announces that the TSX Venture Exchange has approved a change in the Company’s stock symbol trading on the TSXV. Effective on August 6th, the Company’s common shares will trade on the TSXV under the symbol “OMG” . The previous trading symbol was “ARA”. Jason Brewster, President and CEO of Anconia commented: “The symbol “OMG” was chosen to reflect the Company’s upcoming RTO transaction with Avalon [...]
Avalon Investment Holdings Ltd. , the holder of an indirect 100% interest in the Omai Gold Mine in Guyana, is pleased to announce that it has completed a non-brokered private placement financing for aggregate proceeds of US$4,500,000. Under the terms of the financing, Avalon issued 30,000,000 common shares of Avalon to a subsidiary of Silvercorp Metals Inc. at a price of US$0.15 per common share. In connection with the [...]
Anconia Resources Corp. is pleased to announce material updates in connection with a proposed reverse take-over of Avalon Investment Holdings Ltd. subject to approval of the TSX Venture Exchange to list the shares of the resulting entity on the Exchange. The Resulting Issuer will continue to carry on base and precious metals exploration and development, focused primarily on the exploration of Avalon’s Omai Gold Mine [...]
Anconia Resources Corp. and Avalon Investment Holdings Ltd. are pleased to announce the execution of a definitive amalgamation agreement dated October 9, 2019. The proposed transaction contemplated by the Agreement, affirms Anconia’s agreement to acquire all of the issued and outstanding securities of Avalon, by means of a three-cornered amalgamation between Anconia, Avalon, and a subsidiary to be incorporated under [...]
Anconia Resources Corp. and Avalon Investment Holdings Ltd. are pleased to announce that they have entered into a binding letter agreement dated May 24, 2019 , in respect of a proposed transaction , whereby Anconia has agreed to acquire all of the issued and outstanding securities of Avalon, by way of three-cornered amalgamation, share exchange or such other form of business combination as the parties may determine. The [...]
Anconia Resources Corp. is pleased to announce that it has completed the shares for debt transaction previously announced on August 17, 2018. The total amount of debt extinguished pursuant to the Shares for Debt Transaction was $586,636.02 for 11,732,720 common shares of the Company at $0.05 per share. The Common Shares are subject to a four month plus one day hold period . The Hold Period will expire on February 25 [...]
Anconia Resources Corp. is pleased to announce that the Company and certain creditors, have entered into agreements as of August 9, 2018 to settle $586,636.02 of indebtedness of the Company through conversion of such debt into common shares of the Company . Pursuant to the Shares for Debt Transaction, the Company will issue 11,732,720 Common Shares, at a price of $0.05 per Common Share. On completion of the Shares for [...]
TORONTO, ONTARIO--(Marketwired - April 10, 2017) - Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia") is pleased to announce that it is exercising its option to obtain a 100% ownership interest in the Grenfell Gold property in Kirkland Lake, Ontario. Anconia holds a 60% interest in this property under an earn in - option agreement executed in 2014. Anconia will issue 5 million common shares to Cadillac Ventures [...]
Anconia Resources is pleased to announce that it is has closed a non-brokered private placement offering. Anconia issued 808,980 units at a price per unit of $0.05 for gross proceeds of $40,449. Each Unit consists of one common share of Anconia and one common share purchase warrant. Each Unit Warrant entitles the holder to purchase one common share of Anco...
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