Fredonia Mining Inc. is pleased to announce the appointment of Mr. Omar Salas as Chief Financial Officer of the Company, succeeding Mr. Carlos Espinosa who will continue to act as an advisor to the Company through the transition period. Mr. Salas is a financial executive with extensive international experience in the mining industry, providing operations management, strategic planning, business development and financial [...]
Fredonia Mining Inc. is pleased to announce that in connection with its previously announced best efforts private placement offering the Company and Paradigm Capital Inc. have agreed to increase the size of the Offering. The Company will now issue 19,725,000 units at a price of $0.18 per Unit for total gross proceeds of $3,550,500. Each Unit will comprise one common share and one common share purchase warrant . Each [...]
Fredonia Mining Inc. is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. in connection with a proposed best efforts private placement financing for total proceeds of approximately $3 million, consisting of a minimum of 17,000,000 units of the Company at a price of $0.18 per Unit. Each Unit will comprise one common share and one common share purchase warrant . Each Warrant will be [...]
Fredonia Mining Inc. is pleased to announce the completion of the initial phase of drilling at its Eldorado Monserrat property, located in Santa Cruz, Argentina. Six HQ diamond drill core holes were drilled at each of La Herradura and Monserrat Oeste. In total 12 holes were drilled for 3,424.3m. The field base at EDM will be reoccupied commencing January 31, 2022 after the holiday recess. Preparations are underway for the [...]
Fredonia Mining Inc. is pleased to announce the successful completion of the first of two phases of its drilling program at its flagship Eldorado Monserrat property, located in Santa Cruz. On the La Herradura project 1,583.5m of drilling were completed. Additionally, 1,841m was drilled on the Monserrat Oeste project for which assays are awaited. Phase one of the La Herradura drilling consisted of six HQ diamond drill [...]
Fredonia Mining Inc. is pleased to announce that it has obtained an Environmental Permit to complete its planned initial 6,000 metre drilling program at its El Dorado Monserrat gold project in Santa Cruz, Argentina. Estanislao Auriemma, CEO and Director of Fredonia Mining commented, "We are very pleased to be able to rehab the roads and the camp, while we obtained the environmental permit on time to begin our 6,000 m [...]
Fredonia Mining Inc. announces it has entered into an agreement with Mr. Hector Omar Carrizo on September 15, 2021 to satisfy US$500,000 of cash obligations owing in connection with the acquisition of the Winki II", "Petrificados", "Aguila I" and "Aguila II" mineral rights and properties in Santa Cruz Province, Argentina through the issuance of 2,200,000 common shares in the capital of the Company . On September 15, 2016 [...]
Fredonia Mining Inc. announces that, pursuant to the amalgamation agreement between Fredonia Management Limited and the Company dated April 7, 2021, pursuant to which the Company completed its "qualifying transaction" under TSXV Policy 2.4 - Capital Pool Companies , and as permitted by Policy 2.4 , the Company intends to, subject to shareholder and TSXV approval, amend the escrow term of existing CPC Escrow Agreements to [...]
Fredonia Mining Inc. is pleased to announce that it has granted stock options to directors and officers of the Company to purchase a total of 9,750,000 common shares at a price of $0.17 per common share. The Options are exercisable for a period of 5 years and have been granted in accordance with the terms of the Company's current stock option plan. The options are subject to a four month hold period. This press release is [...]
Fredonia Mining Inc. is pleased to announce that further to the press release issued on June 28, 2021 in respect of the subscription receipt financing of $6.4 million, the escrow release conditions under the Offering have been satisfied and Fredonia has received approval from the TSXV to list its common shares on the TSXV under the symbol "FRED", with trading to commence on Wednesday, July 14, 2021. At the request of [...]
Fredonia Mining Inc. is pleased to announce that it completed its previously announced arm's length qualifying transaction with Fredonia Management Limited by way of a three-cornered plan of merger under the laws of the British Virgin Islands with an effective closing date of June 24, 2021. Pursuant to the plan of Merger, Fredonia Mining Corp., a new, wholly-owned subsidiary of the Company incorporated under the laws of [...]
Richmond Road Capital is pleased to announce, further to its press releases of January 11, 2021, February 25, 2021, and April 8, 2021 that it has received conditional listing approval from the TSXV in connection with its proposed arm's length qualifying transaction by way of plan of merger under the laws of the British Virgin Islands with Fredonia Management. Pursuant to TSXV policies, the Company has filed a filing [...]
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