TORONTO, ONTARIO--(Marketwired - Apr 14, 2014) - Nitinat Minerals Corp. (TSX VENTURE:NZZ) ("Nitinat" or the "Corporation") would like to clarify its share ownership of Techniton LLC through its wholly owned subsidiary Taman Petroleum Corporation ("Taman"). Contrary to the assertions made by Galahad Metals Inc. in its press release dated April 9, 2014 whereby Galahad announced its agreement to purchase 60% of Arax Energy [...]
TORONTO, ONTARIO--(Marketwired - Mar 10, 2014) - Nitinat Minerals Corp. (TSX VENTURE:NZZ) ("Nitinat" or the "Corporation") is pleased to announce that, further to its press release of February 11, 2014, it has closed its securities exchange with Global Resources Investment Trust plc ("GRIT"). The Company issued 9,000,000 units at $0.05 per unit to GRIT, in exchange for 248,962 ordinary shares of GRIT (the "GRIT Shares [...]
Nitinat Minerals Corp. is pleased to announce that it has entered into a subscription agreement dated January 31, 2014 with Global Resources Investment Ltd. Pursuant to the terms of the Agreement: the Corporation has agreed to subscribe for an aggregate of 248,962 ordinary shares in the capital of Global at a deemed price of £1.00 per share; and Global has agreed to receive an aggregate of 9,000,000 units (the "Units [...]
Nitinat Minerals is pleased to announce that it has closed the non-brokered private placement as previously announced in its press release dated August 7, 2013. The Corporation issued an aggregate of 1,500,000 units (the "Units") of the Corporation at a price of $0.20 per Unit for gross proceeds of $300,000. Each Unit is comprised of one (1) common share and one half (1/2) of one common share purchase warrant (the [...]
Further to its press release dated August 7, 2013, Nitinat Minerals would like to clarify the information contained therein. It was incorrectly reported that Mr. Herb Brugh resigned as a director of the Corporation. Mr. Brugh has not resigned and remains a member of the board of directors. Mr. Robert Maddigan has resigned as a director of the Corporation to pursue other opportunities. The Corporation would like to thank [...]
Nitinat would like to provide an update with respect to its previously announced brokered $2 million private placement. The Corporation is pleased to announce that it intends to raise gross proceeds of up to $350,000 through a non-brokered private placement of up to 1,750,000 units (the "Units") of the Corporation at a price of $0.20 per Unit. Each Unit is comprised of one (1) common share and one half (1/2) of one common [...]
Nitinat announces that Mr. Donald Padgett has been appointed to the board of directors. Mr. Padgett is an experienced senior management leader with a proven track record of developing and executing successful strategies for profitable international business ventures. He has served as Chairman, President and director of several public and private companies. Mr. Padgett has also enjoyed a successful investment banking [...]
Nitinat would like to provide an update with respect to its previously announced brokered $2 million private placement. The Corporation anticipates an initial closing of $750,000 on July 12, 2013 through the issuance of 3,750,000 units (the "Units") at a price of $0.20 per Unit. Each Unit is comprised of one (1) common share and one half (1/2) of one common share purchase warrant (the "Warrant"). Each whole Warrant [...]
Nitinat Minerals is pleased to announce that it has entered into an agreement with Jacob Securities by which Jacob will act as agent for the placement of 10 million units at a price of $0.20 per Unit in the capital of the Company for gross proceeds of up to $2 million. Each Unit is comprised of one (1) common share and one half (1/2) common share purchase warrant (the "Warrant"). Each whole Warrant entitles the holder [...]
Further to its press release dated May 13, 20123, Nitinat announces that it has terminated the non-binding letter of intent with Arax Energy, an arms' length party to the Corporation. The Corporation will continue to investigate other means by which it can increase its ownership in Technoton. The Corporation will continue to own an 8% ownership interest in Technoton through its wholly owned subsidiary Taman Petroleum [...]
Nitinat is pleased to announce that it has entered into a letter of intent dated May 7 with Arax Energy. Pursuant to the Letter of Intent, the Corporation will acquire all of the issued and outstanding of Arax in exchange for common shares in the capital of the Corporation. The Consideration Shares shall have an aggregate value of CAD $8,812,500 and the price per Consideration Share shall be determined in the context of [...]