Fredonia Mining Inc. announces that the Company proposes to amend the exercise price of certain outstanding common share purchase warrants and implement an early warrant exercise incentive program with respect to certain other outstanding warrants of the Company to encourage their exercise and provide proceeds for ongoing corporate development activities. The Company currently has three series of warrants outstanding, as [...]
Fredonia Mining Inc. has granted a total of 985,000 stock options of the Company to purchase a total of 985,000 common shares at a price of $0.40 per common share. 830,000 of the Options were granted to directors and officers as identified in the table below. Name Options Granted Ali Mahdavi 210,000 Estanislao Auriemma 200,000 Ricardo Auriemma 110,000 Michael Doolan 110,000 Waldo Perez 110,000 Carlos Espinosa 90,000 Each [...]
Fredonia Mining announces that it has filed a technical report for its wholly-owned El Dorado Monserrat Gold & Silver Project, pursuant to National Instrument 43-101 "Standards of Disclosure for Mineral Projects". The Technical Report supports the disclosure made by the Company in its Nov 11, 2024 news release announcing the Maiden Mineral Resource Estimate at El Dorado Monserrat Project, Argentina. The Technical Report [...]
Highlights significant potential for the Project; at a 0.40 g/t cut-off gold grade, the maiden mineral resource estimate totals: In Pit Measured & Indicated Mineral Resource: 81.348 million tonnes grading 0.61 g/t gold and 18.76 g/t silver, containing an estimated 1.593 million ounces of gold and 49.067 million ounces of silver; plus limited Inferred Mineral Resource. The estimate produces in- pit resources for the [...]
Further to its news release dated September 18, 2024, Fredonia Mining Inc. is pleased to announced that the Board of directors of the Company has approved a share consolidation at a ratio of five pre-consolidated common shares in the capital of the Company for each one post-consolidation Common Share . Shareholders of the Company approved a resolution authorizing the Board to proceed with the Consolidation at a special [...]
Fredonia Mining Inc. is pleased to announce the closing of its previously announced non-brokered private placement, consisting of a total of 33,333,333 units of the Company , at a price of $0.03 per Unit for aggregate gross proceeds to the Company of $1,000,000 . The Company did not pay any bonus, finder's fee, commission, or agency fee in connection with the Offering. Each Unit consisted of one common share of the [...]
Sept. 18, 2024 -- Fredonia Mining Inc. announces it intends to complete a proposed private placement financing for total proceeds of up to $1,000,000 consisting of 33,333,333 units of the Company at a price of $0.03 per Unit. Each Unit will comprise one common share and one common share purchase warrant . Each Warrant will be exercisable to purchase one additional common share from the Company for three years from the [...]
Correction: In the Fredonia Mining Inc. announcement dated May 21, 2024, it was incorrectly stated that Mr. Omar Salas would be remaining with the Company in an advisory role. The complete corrected version follows. The Company is preparing an initial mineral resource estimate at the El Dorado Monserrat project, targeted for release in Q3 of this year. The mineral resource estimate will be based on three drilling [...]
The Company is preparing an initial mineral resource estimate at the El Dorado Monserrat project, targeted for release in Q3 of this year. The mineral resource estimate will be based on three drilling campaigns carried out over the past three years, representing a total of 10,982.7 meters of diamond drilling, plus historical drillings of the project. TORONTO, May 21, 2024 -- Fredonia Mining Inc. announces that it has [...]
Fredonia Mining Inc. is pleased to announce the closing of its previously announced non-brokered private placement, consisting of a total of 17,554,480 units of the Company , at a price of $0.05 per Unit for aggregate gross proceeds to the Company of $877,724 . The Company did not pay any bonus, finder's fee, commission, or agency fee in connection with the Offering. Each Unit consisted of one common share of the Company [...]
Jan. 25, 2024 -- Fredonia Mining Inc. is pleased to announce that it intends to increase the size of its previously announced non-brokered private placement offering . The Company now expects to issue up to 18,000,000 units at a price of $0.05 per Unit for total gross proceeds of up to $900,000. Each Unit will comprise one common share of the Company and one-half of one Common Share purchase warrant . Each Warrant will be [...]
Jan. 17, 2024 -- Fredonia Mining Inc. announces it has amended the terms its previously announced proposed private placement financing such that the Offering will consist of the sale of approximately 10,000,000 units at a price of $0.05 per Unit for total proceeds of approximately $500,000. Each Unit will comprise one common share of the Company and one-half of one Common Share purchase warrant . Each Warrant will be [...]
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