PNG Copper Inc. is pleased to announce the closing of brokered private placement offering . The Company, pursuant to the Private Placement, issued 3,480,000 units for gross proceeds of C$174,000.00. In connection with the closing of the Private Placement, the Company paid a cash fee of C$15,660.00 and issued 348,000 non-transferable broker warrants to its agent, IBK Capital Corp. . Each broker warrant is exercisable to [...]
PNG Copper Inc. announces the grant, pursuant to its Stock Option Plan, of options to an eligible employee to purchase a total of 300,000 Class A common shares, exercisable in whole or in part on or before October 30, 2024, at an exercise price of $0.10 per share. About PNG Copper Inc. PNG Copper Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties in Papua New [...]
PNG Copper Inc. is pleased to announce that it settled outstanding indebtedness with a director and a senior manager of the Company by issuance of Class A common shares in the capital of the Corporation and units . The Company settled outstanding indebtedness of $25,000.00 with the senior manager through the issuance of 500,000 Common Shares, and settled outstanding indebtedness of $257,768.26 with the director through [...]
PNG Copper Inc. is pleased to report that the previously announced program to drill the Doriri nickel-palladium prospect on the PNG Copper property has commenced with the first hole starting today. The program is the completion of four cored drill holes for a total of 235 meters. This round of drilling will expand upon ten mineralized costean and four mineralized intersections from four drill holes obtained from the [...]
PNG Copper Inc. is pleased to announce that it has completed certain annual obligations under the existing Option Agreement by issuance of Class A common shares in the capital of the Company . The Company settled outstanding obligations of CAD$277,498.50 with Papuan Minerals Pty Ltd. through the issuance of 4,703,364 Common Shares. The Company also announces the resignation of Chris Cornelius as a director of the Company [...]
PNG Copper Inc. is pleased to announce that it settled outstanding obligations with former senior management of the Company by issuance of Class A common shares in the capital of the Company. The Company settled outstanding obligations of $349,996.00 with the former senior management through the issuance of 5,833,266 Common Shares. All Common Shares issued pursuant to the Debt Settlement will be subject to a hold period [...]
PNG Copper Inc. is pleased to announce that it settled outstanding indebtedness with a director of the Company by issuance of units. The Company settled outstanding indebtedness of $108,711.46 with the director through the issuance of 1,553,020 Units. Each Unit consisted of one Common Share and one Common Share purchase warrant. Each whole Warrant entitles the holder to purchase one additional Common Share at an exercise [...]
PNG Copper Inc. announces the grant, pursuant to its Stock Option Plan, of options to certain eligible directors and officers to purchase a total of 2,150,000 common shares, exercisable in whole or in part on or before February 9, 2026, at an exercise price of $0.10 per share. About PNG Copper Inc. PNG Copper Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties [...]
PNG Copper Inc. is pleased to announce the simultaneous closings of a brokered private placement offering and settlement of outstanding indebtedness with senior management of the Company . The Company, pursuant to the Private Placement, issued 1,500,000 units for gross proceeds of C$105,000.00. In connection with the closing of the Private Placement, the Company paid a cash fee of C$9,450.00 and issued 150,000 [...]
PNG Copper Inc. is pleased to announce the closing of a private placement offering . The Company, pursuant to the Private Placement, issued 1,428,572 units for gross proceeds of C$100,000.04. In connection with the closing, the Company paid a cash fee of C$9,000.00 and issued 142,857 non-transferable broker warrants to its agent, IBK Capital Corp. . Each broker warrant is exercisable to acquire a unit at a price of $0.07 [...]
PNG Copper Inc. announces the grant, pursuant to its Stock Option Plan, of options to certain eligible directors and officers to purchase a total of 600,000 common shares, exercisable in whole or in part on or before November 25, 2025, at an exercise price of $0.15 per share. About PNG Copper Inc. PNG Copper Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties in [...]
PNG Copper Inc. has filed its financial statements and MD&A for the quarter and nine months ending September 30, 2021. During the quarter, drill hole WAKD001 was commenced at the Waki prospect, immediately east of the Omu prospect, to test a significant copper result obtained during mapping and sampling and to explore at depth an interpreted magnetic anomaly. The target depth of the hole was 250 meters. The hole [...]
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