Montan Mining announces that it has granted an aggregate of 5,154,939 incentive stock options today to certain directors, officers and consultants of the Company pursuant to the Company's previously approved Stock Option Plan. The Options are exercisable at a price of $0.08 per share for a period of 5 years. As part of the Options grant, the Company has cancelled 1,383,332 options previously granted to certain directors [...]
Montan Mining is pleased to announce the completion of their previously announced shares for debt transaction to settle $991,657.41 indebtedness of the Company to Lions Bay Capital Inc. through conversion of such debt into common shares of the Company. Subsequent to the May 9, 2018 news release Montan and Lions Bay Capital Inc. increased the shares for debt amount being settled from $500,000 to $991,657.41. Pursuant to [...]
Montan Mining Corp. is pleased to announce that it has closed the first tranche of the non-brokered private placement announced on May 30, 2018. The Company issued 6,120,000 units at $0.05 for total gross proceeds of $306,000. Each unit consists of one common share and one transferable share purchase warrant, with each warrant exercisable into one additional common share at $0.06 per share for one year after the closing [...]
Montan Mining is pleased to announce the appointments of Mr. Bahay Ozcakmak and Mr. Anthony Balic to the Montan board: both appointments take immediate effect. Mr. Ozcakmak will act as an independent director: Bahay is an executive director of Lions Bay Capital Inc. Lions Bay has been approved as a Control Person of the Company by Resolution passed by a vote of over 99% of voting shareholders at the Company's annual and [...]
Montan Mining is pleased to announce that it has successfully completed its June 7th annual and special general meeting of shareholders, and that all Resolutions proposed for the meeting were passed by participating shareholders. In particular, the Resolution to approve Lions Bay Capital Inc. as a Control Person of the Company was passed by a vote of over 99% of voting shareholders. The Company and Lions Bay will now [...]
Montan Mining is urgently directing shareholders to refer to SEDAR for a recently uploaded Supplement to the Management Information Circular dated May 7, 2018. The Supplement restates and updates certain disclosure filed by the Company in its Management Information Circular filed on SEDAR on May 14, 2018 and again on May 17, 2018, with respect to the annual general and special meeting of shareholders of the Company, at [...]
Montan Mining is pleased to announce that it has arranged a private placement financing of up to 12,000,000 units at a price of $0.05 per unit for total gross proceeds of up to $600,000. Each unit consists of one common share and a whole warrant, with each whole warrant exercisable into one additional common share at $0.06 per share for one year after the closing date. The financing is subject to acceptance by the TSX [...]
Montan Mining and Lions Bay Capital are pleased to announce that the Company and Lions Bay have entered into an agreement to settle $500,000 of indebtedness of the Company to Lions Bay through conversion of such debt into common shares of the Company. Pursuant to the Shares for Debt Transaction, the Company will issue 10,000,000 Common Shares, at a price of $0.05 per Common Share. On completion of the Shares for Debt [...]
Montan Mining and Lions Bay Capital are pleased to announce that Lions Bay will be leading a restructuring of Montan. The restructuring will provide for: - loans from Lions Bay to Montan in the aggregate amount of CAD $185,000; - the purchase by Lions Bay of certain debts of Montan through the issuance of common shares of Lions Bay in the aggregate amount of CAD $1.03 million, which amounts will subsequently be settled by [...]
Montan Mining is pleased to announce that the Company has arranged an extension of its Term Sheet with Pacific Alliance Capital Group for the purchase, by Montan, of the Peruvian companies Kairos Capital Peru and M&S Transportes y Servicios Generales from Pacific Alliance (please refer to the News Release of February 16th, 2017). The extension is granted until December 30th, 2017 to facilitate completion of the [...]
Montan Mining announces that at the Annual General and Special Meeting of the shareholders of the Company held on June 28, 2017, the Company's shareholders approved the previously announced consolidation of the issued and outstanding common shares of the Company on the basis of one (1) post-consolidation Common Share for every three (3) pre-consolidation Common Shares (the "Consolidation"). Any fractional Common Shares [...]
Montan Mining is pleased to announce that the Company has arranged an extension of its Term Sheet with Pacific Alliance Capital Group for the purchase, by Montan, of the Peruvian companies Kairos Capital Peru and M&S Transportes y Servicios Generales from Pacific Alliance. The extension is granted until August 30th, 2017 to facilitate completion of the transaction closing requirements. The key assets ("Pacific Alliance [...]
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