Search Minerals reports that it has entered into debt settlement agreements with creditors of the Company, pursuant to which the Company has agreed to issue an aggregate of 987,501 common shares of the Company at a deemed price of $0.06 per Share. The total amount of indebtedness settled by the Settlement Agreements is $59,250 (the “Debt”), of which $25,000 is payable to NunatuKavut Community Council (“NCC”) pursuant to [...]
Search Minerals is pleased to announce that it has closed the first tranche of its previously announced non-brokered secured convertible debenture private placement with InCoR Holdings for gross proceeds of $150,000. As previously announced in a news release dated September 7, 2017, InCoR has agreed to provide total funding of $500,000 by way of Debentures. The Debentures will have a maturity date of one year from the [...]
Search Minerals is pleased to announce that it has entered into a term sheet with InCoR Holdings pursuant to which InCoR has agreed to provide funding of $500,000 by way of a secured convertible debenture. The Debenture will have a maturity date of one year from the date of issuance and will bear simple interest at a rate of 15% per annum, calculated and paid semi-annually, in cash or, at InCoR’s option, payable in Units [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 18, 2017) - Search Minerals Inc. (TSX VENTURE:SMY) ("Search" or the "Company") is pleased to announce that it has contracted with InvestorIntel Corp ("InvestorIntel") of Toronto, Ontario for marketing, consulting and investor relations services for a one year term. Under the terms of the contract, these services will begin immediately and InvestorIntel will receive $ 15,000 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 5, 2017) - Search Minerals Inc. (TSX VENTURE:SMY) ("Search" or the "Company") is pleased to announce the results from a bench-top demonstration test on a Deep Fox mineral sample using the Search Minerals Direct Extraction Process. The test was completed at SGS Laboratories in Lakefield, Ontario. The Deep Fox sample (a surface channel sample) containing 1.59% TREE including [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 20, 2017) - Search Minerals Inc. (TSX VENTURE:SMY) ("Search" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of up to 34,000,000 units (the "Units") at $0.09 per Unit for gross proceeds of up to $3,060,000. Each Unit will consist of one common share in the authorized share structure of the Company and one-half of one share [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 6, 2017) - Search Minerals Inc. (TSX VENTURE:SMY) ("Search" or the "Company") is pleased to announce the initial results from its pilot plant operation at SGS Laboratories in Lakefield, Ontario. The pilot plant project has been completed with some further results to be subsequently released. After processing over 3.0 tonnes of material representative of the Foxtrot Deposit [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 11, 2017) - Search Minerals Inc. (TSX VENTURE:SMY) ("Search" or the "Company") is pleased to announce the appointment of Mr. Leo Power, to the board of directors of the Company (the "Board") as an independent director. "As we complete pilot plant testing and move forward with the next phase of development of our FOXTROT critical rare earth element deposit in SE Labrador, we [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 29, 2016) - Search Minerals Inc. (TSX VENTURE:SMY) ("Search" or the "Company") is pleased to announce that it has closed its previously announced non-brokered unsecured convertible debenture (the "Debenture") private placement (the "Private Placement") in the amount of $120,750.00. The Debenture will bear simple interest at a rate of 10% per annum, calculated and paid [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 21, 2016) - Search Minerals Inc. ("Search" or the "Company") (TSX VENTURE:SMY) and its wholly-owned subsidiary, Alterra Resources Inc. ("Alterra") are pleased to summarize our ongoing programs and present the Company's plans for advancement for 2017. The Company's goals for 2017 are: Advancement of the FOXTROT Project as our first development in the Port Hope Simpson [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 20, 2016) - Search Minerals Inc. ("Search" or the "Company") (TSX VENTURE:SMY) is pleased to provide an update on the pilot plant program (the "Pilot Plant") which is being conducted by SGS Canada Inc. ("SGS") on bulk material from the Company's FOXTROT deposit in SE Labrador. The Pilot Plant is being funded through the Atlantic Canada Opportunities Agency ("ACOA") and the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 29, 2016) - Search Minerals Inc. ("Search" or the "Company") (TSX VENTURE:SMY) reports it has completed the debt settlement transaction originally announced on November 25, 2016 (the "Debt Settlement") after receiving the approval of the TSX Venture Exchange to settle indebtedness with certain directors of the Company. The Company issued 1,047,359 common shares of the [...]
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