Palamina Corp.

Palamina Corp. is pleased to announce the closing of its previously announced transaction with Helio Resource Corp. , whereby the Company has sold 100% of the application and mining rights to the Gaban Gold and Tinka I.O.C.G. Projects in Peru to Helio. In exchange Palamina will receive a total of 10 million common shares of Helio and a 2% Net Smelter Return Royalty on each project. Helio retains the right to buy back 1 [...]

Palamina Corp. has completed 3 sampling and mapping campaigns at its flagship Coasa Gold Project in 2019 while it awaits processing of drill permits for the Veta Gold Zone. A total of 44 grab and 31 channel samples were completed on the first campaign in the Veta and Cayos Gold Zones. In the first campaign 44% of all samples returned values above 0.4 g/t Au and are reported below. Highlights of sampling at the Veta Zone [...]

Palamina Corp. announces that it has agreed to extend the expiry date of certain of its outstanding common share purchase warrants for an additional year. The new expiry date of these Warrants will be August 26, 2020. These Warrants were issued pursuant to a private placement of 7,166,667 units, which closed on February 26, 2018. For further information on the original issuance of the Warrants, please refer to the press [...]

Palamina Corp. has completed first pass surface sampling on its Lagos Project in Peru and has identified a number of outcropping high-grade silver-copper-lead occurrences. Individual channel samples collected from outcropping veins on the property range from detection to highs of 1,135 g/t silver, 7.3% copper and 30% lead . The road accessible Lagos Project is located southwest of the town of Santa Lucia in the department [...]

Palamina Corp. has signed a letter of intent to sell 100% of the application and mining rights to the Gaban Gold and Tinka I.O.C.G. Projects in Peru to Helio Resource Corp. . In exchange Palamina will receive a total of 10 million common shares of Helio and a 2% Net Smelter Return Royalty on each project. Helio retains the right to buy back 1% of the NSR for $1,000,000 per project. Helio will make an Advance Royalty [...]

Palamina Corp. is pleased to announce that it has closed the second and final tranche of its non-brokered private placement offering previously announced on March 1, 2019. In this final tranche, the Company raised a total of $152,200 for the issuance of 507,333 units at the price of $0.30 per Unit. Together with the first tranche announced on March 1, 2019, the Offering has resulted in aggregate gross proceeds of [...]

Andrew Thomson has today filed an early warning report advising of his acquisition of units of Palamina Corp. . Pursuant to a private placement of Units of the Company, the Acquiror purchased 70,000 Units at a price of $0.30 per Unit, each Unit comprised of one Common Share and one Common Share purchase warrant . Each Warrant is exercisable to acquire one Common Share at an exercise price of $0.50 until February 28, 2021 [...]

Palamina Corp. is pleased to announce that it has closed the first tranche of its non-brokered private placement offering announced on January 31, 2019 and February 8, 2019. In this first tranche, the Company raised a total of $1,535,500 for the issuance of 5,118,332 units at the price of $0.30 per Unit. Up to an additional $664,500 is expected to be raised in a second tranche closing for aggregate gross proceeds of the [...]

Palamina Corp. announces that it has amended certain terms of its non-brokered private placement previously disclosed in a press release dated January 31, 2019. The offering, as amended, is hereinafter referred to as the Amended Offering. Pursuant to the terms of the Amended Offering, the Company will conduct a non-brokered private placement offering of up to 7,333,333 units at a purchase price of $0.30 per Unit, for [...]

Palamina Corp. is pleased to announce that it will conduct a non-brokered private placement offering of up to 6,250,000 units at a purchase price of $0.32 per Unit, for aggregate gross proceeds of up to $2,000,000. Each Unit consists of one common share and one warrant . Each Warrant is exercisable to acquire one Common Share at a price of $0.55 for a period of 18 months from the closing date, provided that if after four [...]