VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 7, 2015) - Odin Mining and Exploration Ltd. (TSX VENTURE:ODN) ("Odin" or the "Company") is pleased to announce a non-brokered private placement of up to 13,636,364 common shares of the Company at a price of Cdn$0.22 per common share for gross proceeds of up to Cdn$3,000,000 (the "Private Placement"). Odin will use the proceeds of the Private Placement for the payment of its [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 3, 2015) - Odin Mining and Exploration Ltd. (TSX VENTURE:ODN) is pleased to announce that it has received positive results from the initial metallurgical testing program conducted on its 100% owned Cangrejos gold/copper project located in southern Ecuador. Test results demonstrate that the mineralized material can be processed by conventional industrial techniques [...]
Odin Mining and Exploration is pleased to announce the results from the Company's nine hole, 3,540 metre Phase 1 drill program at its Cangrejos project in southern Ecuador. The Cangrejos gold/copper project, comprises approximately 5,594 hectares, is located El Oro province of southern Ecuador approximately 30 kilometres southeast of the coastal port city and Provincial capital, Machala. Results demonstrate the continuous [...]
Odin Mining and Exploration announces that it has completed Phase 1 of a 15,000 metre drilling program at its 100% owned Greater Cangrejos Gold & Copper Project in El Oro Province of Southern Ecuador. The diamond drilling program included nine holes totaling 3,539.75 meters and consisted of step out holes targeting lateral and depth extensions of a known mineralized zone, testing of surface geochemical anomalies and [...]
Odin Mining and Exploration announces that it has initiated Phase 1 of a 15,000 metre drilling program at its 100% owned Greater Cangrejos Gold & Copper Project in El Oro Province of Southern Ecuador. Phase 1 of the drilling program will consist of step out holes targeting lateral and depth extensions of known mineralized zone, and testing of surface geochemical anomalies. The upper parts of some holes will also be used [...]
Odin Mining and Exploration announces that it has granted incentive stock options under the Company's stock option plan to certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of 4,000,000 common shares in the capital stock of the Company. The options are exercisable at a price of $0.62 per share, will expire on September 12, 2019, and will vest in three equal parts over the [...]
Odin is pleased to announce that it has closed its non-brokered private placement of 95,386,667 common shares for gross proceeds of US$5,000,000, as previously announced in its news release dated June 23, 2014. Ross Beaty acquired 26,386,667 common shares under the Offering at a price of US$0.052418227 per common share, representing 22.1% of Odin's outstanding common shares following completion of the Offering [...]
Odin is pleased to announce that it proposes to undertake a non-brokered private placement of 95,386,667 common shares at a price of US$0.052418227 per common share, for gross proceeds of US$5,000,000. Upon completion of the Private Placement it is anticipated that the subscribers will hold approximately 80% of Odin’s outstanding common shares. Ross Beaty intends to purchase, directly or indirectly, a significant portion [...]
Odin is pleased to announce that it will borrow an aggregate principal of up to $100,000 from certain of the lenders that previously loaned funds to Odin as announced in its press release dated January 21, 2014. Odin further announces that it will proceed with a share consolidation of its issued and outstanding common shares. The Company's name and trading symbol will remain unchanged.
Odin is pleased to announce that it has borrowed an aggregate principal of $330,000 from seven lenders. The Loans bear interest at 4% until February 28, 2014 and then at 12% thereafter but interest and principal are not payable until June 30, 2014. As partial consideration for the Loans and in accordance with the policies of the TSX Venture Exchange, Odin issued the lenders an aggregate of 1,320,000 bonus shares.
We refer to our last letter to Odin shareholders of June 13, 2013. It stated, that our expectation was that we would update you with fresh news within the following 30 days. We apologize that was not the case. We had expected useful additional data earlier than this date. However, since June 13, we have taken feedback informally from representatives in Ecuador of a number of parties relevant to Odin interests, including [...]
Many of our shareholders have been concerned with the possible effect on our company of the above. Clearly on the face of it, the Kinross announcement does not bode well for international mining companies in the exploration or exploitation of mineral discoveries and extraction in Ecuador. However, it is our view that it is most prudent for our shareholder value if we wait and see how Ecuador’s Government and Mining [...]
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