New Break Resources Ltd. is pleased to announce the voting results from the Company's annual general meeting of shareholders held in Toronto on August 24, 2023 . A total of 29,052,820 common shares were represented in person or by proxy at the 2023 AGM, representing 61.07% of the Company's outstanding common shares as at the record date of July 24, 2023. Shareholders voted in favour of all matters brought before the [...]
New Break Resources Ltd. is pleased to announce that the Company has further increased the land position at its Moray property to 8,311 hectares from 5,354 hectares. Moray is located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. Since March 1, 2023, New Break has increased its property position at Moray by 6,455 hectares through staking and [...]
New Break Resources Ltd. announces that, further to its news release of June 8, 2023, the Company has successfully completed its common share purchase warrant exercise incentive program . Pursuant to the Incentive Program, holders of certain Warrants with an exercise price of $0.15 and expiring on June 23, 2023 who exercised part or all of their Subject Warrants on or prior to the Expiry Date, would be granted one common [...]
New Break Resources Ltd. announces the repricing of 1,730,000 common share purchase warrants with an exercise price of $0.20 and an expiry date of June 23, 2023 , to $0.15, effective immediately . Following the Warrant Repricing, the Company will have an aggregate of 6,274,200 outstanding warrants, having an exercise price of $0.15 and an expiry date of June 23, 2023 . The Company's management considers the Warrant [...]
New Break Resources Ltd. is pleased to announce that it has closed the acquisition of an additional 2,460 hectares of mineral claims contiguous with its Moray property, located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. The acquisition, which increases the Company's land position at Moray to approximately 5,354 hectares, closed on May 23 [...]
New Break Resources Ltd. is pleased to announce that it closed its previously announced non-brokered private placement flow-through financing on May 31, 2023, for proceeds of $500,700. The funds will primarily be used by New Break to conduct a planned drilling program at its Moray gold project located in Ontario on the Cadillac Larder-Lake Fault Zone, approximately 49 km south of Timmins and 32 km northwest of the [...]
New Break Resources Ltd. is pleased to announce that it has entered into a mining claim acquisition agreement with three arm's length individuals pursuant to which New Break will acquire the Beyer Kitchiming Lake gold-copper property from the Vendors. The acquisition increases the land position at New Break's Moray property to 5,354 hectares from 2,894 hectares . To view an enhanced version of this graphic, please visit [...]
New Break Resources Ltd. is pleased to announce that it intends to complete a non-brokered private placement offering of up to 5,000,000 flow-through common shares at a price of $0.15 per Flow-Through Share, for gross proceeds of up to $750,000 . All securities issued under the Offering are subject to a four-month and one day statutory hold period. The gross proceeds from the Offering will be used for Canadian Exploration [...]
New Break Resources Ltd. is pleased to announce that the Company has increased the land position at its Moray property to 2,894 hectares from 1,856 hectares. Moray is located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc.. Moray exhibits comparable geology, mineralization and alteration characteristics to Young-Davidson, including mafic [...]
New Break Resources Ltd. is pleased to report on the results and findings at its Moray gold project, which appear to support the Company's thesis of pursuing a Young-Davidson gold mineralization model at Moray. The Young-Davidson gold mine, operated by Alamos Gold Inc. , is located approximately 32 km southeast of Moray. First discovered in 1916, the mine produced one million ounces of gold from 1934 to 1957 from open pit [...]
New Break Resources Ltd. is pleased to announce that it has retained SmallCap Communications Inc. of Vancouver, B.C. to provide social media management and communication services for a one-year period commencing January 20, 2023, which includes an initial three month trial period, at a fee of $3,500 per month. SmallCap is a specialized digital marketing and social media management agency providing services to boost public [...]
New Break Resources is pleased to announce that it has closed a non-brokered private placement financing of 830,000 flow-through common shares at a price of $0.15 per Flow-Through Share for aggregate gross proceeds of $124,500. The Flow-Through Shares issued as part of the Financing are subject to a hold period of four months and one day from the date of closing of the Financing. No broker fees were paid in connection [...]
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