Damara Gold Corp. , announces it has increased the flow-through portion of the previously announced financing wherein the Company has increased the Offering to include up to 6,111,111 units of the Company issued on a flow-through basis at a price of $0.09 per FT Unit for gross proceeds of up to $550,000 . The non-flow through portion of the Offering will remain as previously announced for up to 2,857,183 units of the [...]
Damara Gold Corp. , it will conduct a non-brokered private placement for gross proceeds of up to $700,000. The Offering will consist of a combination of up to 5,555,555 units of the Company issued on a flow-through basis at a price of $0.09 per FT Unit for gross proceeds of up to $500,000 and , up to 2,857,183 units of the Company issued on a non-flow-through basis at a price of $0.07 for gross proceeds of up to $200,000 [...]
Damara Gold Corp. is pleased to announce having completed the minimum work commitment of $300,000 at the Placer Mountain Property the Company has exercised the option to acquire a 75% interest in the Property. As previously announced, Placer Mountain is under option from Universal Copper Ltd. and Sydney Wilson via an assignment agreement between Damara and CanaGold Resources Ltd. . Pursuant to the exercise of the Option [...]
Damara Gold Corp. is pleased to announce a new drilling discovery made during the Company's maiden exploration program on its Placer Mountain Gold Property located near Princeton, British Columbia . The Property is under option from Universal Copper Ltd., via an assignment agreement with CanaGold Resources Ltd. The winter program was carried out to satisfy an exploration commitment due December 31, 2020. The program [...]
Damara Gold Corp. is pleased to announce that the Company has completed the first phase of exploration on its Princeton Gold Property located near Princeton, British Columbia. The Property is under option from Universal Copper Ltd., via an assignment agreement with CanaGold Resources Ltd. The Phase I exploration program consisted of a high-resolution, near-surface DIAS32 3D IP and Resistivity survey and 533m of diamond [...]
Damara Gold Corp. is pleased to announce that the Company has commenced the Phase I exploration program on its Princeton Gold Property located near Princeton, British Columbia. The Phase I program will include a high-resolution DIAS32 3D IP and resistivity survey as well as up to 500m of diamond drilling focusing on the properties ‘Alpha Vein Zone’. Drilling will be completed by Full Force Diamond Drilling Ltd. out of [...]
Damara Gold Corp. is pleased to announce that is has completed the previously announced acquisition of an option to acquire a 75% interest in the Princeton Property pursuant to an assignment and assumption agreement with Canarc Resources Corp. . The TSX Venture Exchange has accepted the documentation filed concerning the Fundamental Acquisition and approved the corresponding private placement of units of the Company . It [...]
Damara Gold Corp. is pleased to announce that, further to is news release of October 19, 2020 announcing that it had entered into an assignment and assumption agreement with Canarc Resources Corp. pursuant to which Canarc has assigned to the Company an option to acquire a 75% interest in the Princeton Property located approximately 35km south of Princeton, British Columbia, it will conduct a non-brokered private placement [...]
Damara Gold Corp. , is pleased to announce that it has entered into an assignment and assumption agreement with Canarc Resources Corp. pursuant to which Canarc has assigned all of its rights, obligations, interests and assets with respect to a property option agreement dated December 20, 2018 and amended on June 3, 2019 between Canarc, Universal Copper Ltd. and Sydney Wilson to acquire a 75% interest in certain mineral [...]
British Columbia: Damara Gold Corp. provides an update with respect to its previously announced proposed reverse takeover transaction with New Found Gold Corp. . As previously announced, Damara, New Found Gold and 2651996 Ontario Inc. entered into a business combination agreement dated September 5, 2018, as amended on October 19, 2018. Each of Damara and New Found Gold remain committed to consummating the Proposed [...]
Damara Gold Corp. announces that it has entered into an amending agreement amending the terms of the business combination agreement dated September 5, 2018 between Damara, 2651996 Ontario Inc. and New Found Gold Corp. . Among other things, the Amending Agreement extends the outside date for the completion of certain matters contemplated in the Business Combination Agreement from December 31, 2018 to February 29, 2019 [...]
Damara Gold is pleased to announce it has entered into a business combination agreement dated September 5, 2018 with New Found Gold Corp., a private Ontario corporation, whereby Damara will acquire all of the outstanding shares of New Found Gold in exchange for common shares in the capital of Damara by way of three-cornered amalgamation. New Found Gold is a private mineral exploration company organized under the laws of [...]
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