Cornerstone Metals announces that further to its news release of March 21, 2013, it has signed amendments to its letter of intent ("LOI") to acquire all of the shares of Copper One USA, Inc., pursuant to which: the Company agreed to issue to the vendor an additional 750,000 shares on closing in recognition of the existing financial assurances that are in place (totalling approximately US$250,000); and
Cornerstone Metals is pleased to announce that it has signed a letter of intent to acquire all of the shares of Copper One USA, a private company that holds 6 copper properties located in New Mexico and Arizona, with the principal property being Lone Mountain, NM. The LOI is subject to due diligence, which the Company will commence immediately, while it proceeds to finalize a definitive agreement to be executed upon [...]
Cornerstone Metals, announces that it has re-priced 187,000 outstanding incentive stock options of the Company from exercise prices ranging between $0.70 and $1.50 to $0.12. The options are held by insiders and expire from dates ranging from November 14, 2013 to March 22, 2015. The options are held as follows:
Cornerstone Metals is pleased to announce that, further to its news releases of October 15, 2012, October 26, 2012, and November 20, 2012, it has closed the second tranche of a non-brokered private placement offering and issued 880,000 units of the Company at a purchase price of $0.125 per Unit for gross proceeds of $110,000. Each Unit consists of one (1) common share in the capital of the Company ("Common Share") and one [...]
Cornerstone Metals is pleased to announce that further to its press releases dated October 15, 2012 and October 25, 2012, it has completed the first tranche of its non-brokered private placement. Pursuant to the first tranche of the Private Placement, the Corporation issued 897,000 units of the Corporation at a purchase price of $0.125 per Unit for gross proceeds of $112,125. Each Unit consists of one (1) common share in [...]
Cornerstone Metals announces it has amended a private placement previously announced on October 15, 2012 to increase the number of units offered to up to 2,000,000 units, priced at $0.125 per unit, for total gross proceeds of up to $250,000, subject to TSX Venture Exchange approval. Commissions may be paid in accordance with TSX Venture Exchange policies. Each unit will be comprised of one common share and one warrant [...]
Cornerstone Metals announces it has arranged a non-brokered private placement of up to 1,000,000 units priced at $0.125 per unit, for total gross proceeds of up to $125,000. Each unit will be comprised of one common share and one warrant, with each warrant exercisable into one additional common share at a price of $0.20 per share at any time within an 18-month period from the closing date of the Private Placement. The [...]
Cornerstone Metals is pleased to announce the appointment of Jason Nickel, P.Eng. to the Board of Directors of the Company. Mr. Nickel replaces Mr. Willis Osborne who has resigned his Board position. The Company wishes to thank Bill Osborne for his contribution to the Company. Mr. Nickel has been involved in advancing several mining projects in BC, Yukon and NWT. He is currently VP of Operations at ROCK Construction and [...]
Appleton Exploration announces that the TSX Venture Exchange has approved the Company's share consolidation on the basis of one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares and the name change to "Cornerstone Metals Inc.". The Share Consolidation and Name Change will be completed effective June 1. The Share Consolidation and Name Change were approved by shareholders at the [...]
Appleton announces the appointment of Courtney Shearer, B.Sc., MBA as interim CEO, interim President, and director effective immediately. Mr. Shearer replaces Mr. Tim Henneberry, who has resigned as CEO, President, and director. The Company wishes to thank Mr. Henneberry for his services to the Company for the past five years. Over a career spanning 31 years, Mr. Shearer has been involved in natural resources businesses [...]