Hemlo Mining Corp.

Carcetti to acquire Hemlo from Barrick for consideration comprising $875 million in cash and 34.6 million Carcetti shares at closing plus up to $165 million of contingent cash payments Transaction fully-funded with at least $1.0 billion of gross proceeds from a gold stream, an underwritten term loan and a bought deal private placement of Subscription Receipts Upon closing, Carcetti to be re-named Hemlo Mining Corp. and [...]

Carcetti Capital announced today that it has closed its previously announced upsized non-brokered private placement of 6,000,000 common shares of the Company at a price of $0.35 per Share for aggregate gross proceeds of $2,100,000. The Company also announces the grant of stock options to certain directors, officers and consultants of the Company to acquire, in aggregate, 2,445,000 Shares. The Shares issued under the [...]

Carcetti Capital is pleased to announce that further to its news release on December 19, 2022, the Company has completed the reorganization of the Company's share capital to permit the Company to pay a special cash distribution of $0.03 per share to shareholders of record as at December 23, 2022. Shares traded in the market subsequent to the record date of December 23, 2022 and up to the close of trading on December 30 [...]

Cub Energy announces the results of its Annual General and Special Meeting of Shareholders held on December 19, 2022. At the Meeting, a total of 190,246,069 shares were voted representing approximately 60.6% of the total shares issued and outstanding. The following items were approved and more particularly described in the management information circular filed on SEDAR on Nov 18, 2022: Resolution % Voted for Number of [...]

Cub Energy announces that its board of directors has determined to seek the approval of the holders of its common shares to complete a reorganization of its share capital to permit the Company to pay a special distribution to shareholders of up to C$0.03 per Share, subject to final cost estimates and foreign exchange rates, in the course of an amendment of the Company's articles and an exchange of outstanding Shares for [...]

Cub Energy announced its unaudited financial and operating results for the six months ended June 30, 2022. All dollar amounts are expressed in United States Dollars unless otherwise noted. Patrick McGrath, CEO of Cub said: "Cub finished the quarter ended June 30, 2022 with $8,743,000 cash on hand and working capital of $7,360,000. Subsequent to the quarter end, Cub successfully divested its last asset in Ukraine and is [...]

Cub Energy announces that it has closed the sale of its 100% interest in 3P International Energy Ltd and its wholly-owned Ukraine subsidiary, Tysagaz LLC as previously announced on July 29, 2022 and July 12, 2022. The sale was for a nominal consideration of $1 and the buyer assumed all of 3P's and Tysagaz' liabilities. The buyer group is two officers of the Company, Eugene Chaban, the Company's Chief Financial Officer and [...]

Cub Energy announces that it has signed a definitive Share Sale and Purchase Agreement for the sale of its 100% interest in 3P International Energy Ltd and its wholly-owned Ukraine subsidiary, Tysagaz LLC as previously announced on July 12, 2022. The sale is for nominal consideration of $1 and the buyer assuming all of 3P's and Tysagaz' liabilities. The buyer group is two officers of the Company, Eugene Chaban, the [...]

Cub Energy Inc. announces that it has entered into a letter agreement dated July 8, 2022 to sell its 100% interest in 3P International Energy Ltd and its wholly-owned Ukraine subsidiary, Tysagaz LLC . The sale is for a nominal consideration of $1 and the buyer assuming all of 3P's and Tysagaz' liabilities including the Ukraine bank debt that is guaranteed by Cub and all provisions for reclamation costs. Since the [...]

Cub Energy Inc. , a Ukraine-focused energy company, announced today its unaudited financial and operating results for the three months ended March 31, 2022. All dollar amounts are expressed in United States Dollars unless otherwise noted. Patrick McGrath, CEO of Cub said: "Cub finished the quarter ended March 31, 2022 with $8,916,000 cash on hand and working capital of $7,593,000. This was a result of the corporate [...]