Galleon Gold Corp. announces that Eric Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, has agreed to settle an aggregate amount of $82,177 for interest earned on a Galleon Gold Debenture . The Debt Settlement will be settled by the issuance of 1,027,218 common shares at a deemed price of $0.08 per share. The securities issued pursuant to the Debt Settlement will be subject to a [...]
Galleon Gold Corp. is pleased to announce that Eric Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, has exercised his right to convert a Galleon Gold Debenture in the amount of $3,000,000. The Debenture is convertible into common shares at a price of $0.05 per share for a total of 60,000,000 common shares. Galleon Gold shareholders voted to approve Mr. Sprott as a "Control Person" of [...]
Galleon Gold Corp. announces it has closed a flow-through private placement of 12,500,000 flow-through units at a price of $0.08 per Unit for gross proceeds of $1,000,000. Each Unit consists of one flow-through common share and one-half of one common share purchase warrant , each whole Warrant entitling the holder to purchase one additional common share at an exercise price of $0.12 for a period of two years ending [...]
Galleon Gold Corp. is pleased to announce that it has completed its previously announced three-cornered amalgamation with Explor Resources Inc. . In connection with the Amalgamation Galleon Gold has issued 95,198,612 common shares of Galleon Gold in exchange for all of the issued and outstanding shares of Explor Resources. President and CEO, Mr. R. David Russell commented, "We are very pleased to be finishing 2019 on this [...]
Pure Nickel Inc. is pleased to announce that it has changed its name from "Pure Nickel Inc." to "Galleon Gold Corp." pursuant to the provisions of the Canada Business Corporations Act. The name change was approved by shareholders at the Company's annual and special meeting of shareholders held on December 11, 2019 and is effective as of December 18, 2019. The Company anticipates that it will begin trading under its new [...]
Pure Nickel Inc. announces it intends to complete a flow through private placement of up to 25,000,000 units at a price of $0.08 per Unit for gross proceeds of up to $2,000,000. Each Unit consists of one common share and one-half of one Common Share purchase warrant, each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.12 for a period of two years after closing. All [...]
Pure Nickel Inc. is pleased to provide an update regarding its upcoming Annual and Special Meeting of the Shareholders which has been scheduled December 11, 2019. At the AGM, shareholders will be asked to approve a number of items of special business including: The approval of the transaction to combine the Company with Explor Resources Inc. on a 46/54 basis. The approval of the proposal to change the Company name to [...]
November 12, 2019. Pure Nickel Inc. announces that drilling has commenced on its Neal Gold Project located 27 kilometers southeast of Boise, Idaho. The program consists of approximately 1,000 meters of reverse circulation drilling and is designed to target unmined quartz-gold vein structures down-dip and on strike of known historic mines and mineralized structures. Results from this initial exploration program will form [...]
Pure Nickel Inc. announces the appointment of Mr. James T. O'Neil Jr. to the Board of Directors of the Company. Mr. O'Neil is a senior executive with 45 years of experience in the metal mining and processing industry. He has held senior executive positions with major international mining companies Grupo Mexico, ASARCO, and Southern Copper Corp.. Mr. O'Neil has served on the board of directors or in executive positions [...]
Pure Nickel Inc. announces that it has closed a financing of unsecured convertible debentures in the amount of $300,000. The Debentures have a term of one year, bear interest at a rate of 8% per annum, and are convertible into common shares at a price of $0.05 per share. The Financing consisted of 300 units at a price of $1,000 per unit , each Unit consisting of $1,000 of Debentures. The Debentures and shares issuable [...]
Pure Nickel Inc. announces that it has completed a non-brokered private placement of 2,000,000 units at a price of $0.05 per Unit for gross proceeds of $100,000. Each Unit consists of one common share and one-half of one Common Share purchase warrant , each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.12 for a period of two years after closing. All securities issued in [...]
Pure Nickel Inc. announces that it plans to raise up to $500,000 in a non-brokered private placement financing . The Offering consists of up to 10,000,000 units at a price of $0.05 per Unit for gross proceeds of $500,000. Each Unit consists of one common share and one-half of one Common Share purchase warrant , each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.12 for a [...]