Prism Resources Inc. announces that effective September 27, 2022 the Company's exchange listing has been transferred to the NEX board of the TSX Venture Exchange as a result of an inability to maintain the requirements for a TSX Venture Exchange Tier 2 company in accordance with TSX Venture Exchange Policy 2.5. The trading symbol for the Company will change from PRS to PRS.H. There is no change in the Company's name, no [...]
Prism Resources Inc. is pleased to report that the Court of Appeal for Ontario ruled unanimously today to dismiss Detour Gold Corp.'s appeal of the summary judgement awarded to Prism on April 1, 2021. The Company's net profits Royalty is fully enforceable against Detour. Management and the Board of Directors are reviewing the Company's options going forward and will provide shareholders with an update in the near future [...]
Prism Resources Inc. announces that it has granted to Directors and Officers of the Company, stock options to purchase a total of common shares at a price of $0.10 per common share. In addition, consultants to the Company have been granted options to purchase common shares on the same terms as those issued to the Directors and Officers. The Options are exercisable for a period of ten years ending March 1, 2032, vest [...]
Prism Resources Inc. announces the resignation of Julian Bavin as a director effective February 25, 2022. Mr. Bavin had agreed to resign as the Company shifts its focus away from future exploration activities in South America. Mr. Bavin had served as a director of the Company since 2012. The board would like to thank Mr. Bavin for his many years of service to the Company and wishes him well in his future endeavors. Brian [...]
Prism Resources Inc. reports that Detour Gold Corp., a wholly owned subsidiary of Kirkland Lake Gold Inc. has initiated an appeal of the summary judgement ruling issued by the Superior Court of Ontario in favour of the Company on April 1, 2021. . It has always been the position of the Company that the royalty was and remains fully enforceable against Detour and Kirkland Lake Gold Inc. The Company will continue to strongly [...]
Prism Resources Inc. reports that the Ontario Superior Court of Justice ruled on April 1, 2021 that the Company's 7.5% Net Profit Interest in Detour's Aurora claims block and Sunday Lake claims block constitutes an interest in property held by the Company and is enforceable as against Detour. The Court also awarded costs in favour of the Company. The Company had announced on April 30, 2019 that it had filed a Statement of [...]
Prism Resources Inc. reports that Prism has received written endorsement from the Ontario Superior Court of Justice regarding scheduling for Summary Judgment proceedings in respect of a dispute between Detour Gold and Prism on the validity of a 7.5% NPI royalty on properties to the south of Detour's operations, including the 58N zone discovery. In summary, Detour must produce its materials by November 6th, following which [...]
Prism Resources Inc. is pleased to inform its shareholders of significant drill results from the drilling program conducted by Kirkland Lake Gold Ltd. on the 58 North Zone in which the Company has a 7.5% NPI Royalty Interest . In a June 29, 2020 News Release, Kirkland Lake reported high grade gold results from infill and step-out drilling. According to Kirkland Lake's News Release, drilling at the 58 North Zone [...]
Prism Resources Inc. announces that its application for Summary Judgement against Detour Gold Corp. has been scheduled for hearing in Ontario Superior Court of Justice on May 28, 2020. The Company announced on April 30, 2019 that it had filed a Statement of Claim against Detour. In its claim the Company seeks general damages of $10,000,000.00; special damages, costs and interest, as well as a declaratory judgement that [...]
Prism Resources Inc. announces the resignation of Dr. Mark Cruise as a director of the Company effective May 24, 2019. The Board would like to thank Dr. Cruise for his service to the Company and wishes him well in future endeavours. Prism Resources Inc. Robert W. Baxter President & CEO For more information contact: Robert Baxter Prism Resources Inc. 1-788-928-1864 Email: bbaxter@prismresourcesinc.com Scott M. Ross [...]
Prism Resources Inc. announces that it filed a Statement of Claim in the Ontario Superior Court of Justice against Detour Gold Corp. . In its claim the Company seeks general damages of $10,000,000.00; special damages, costs and interest, as well as a declaratory judgement that its 7.5% net profit interest in the Aurora and Sunday Lake claim block owned by Detour is valid charge and enforceable as against Detour. The [...]
VANCOUVER, British Columbia, Aug. 01, 2017 (GLOBE NEWSWIRE) -- Prism Resources Inc. (TSX.V:PRS) (the “Company”) announces that it filed a Notice of Civil Claim in the Supreme Court of British Columbia against Detour Gold Corp. (“Detour”). In its claim the Company seeks general and special damages, costs and interest, as well as a declaratory judgement that its 7.5% net profit interest (the [...]
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