Gold79 Mines Ltd. is pleased to announce the initiation of a non-brokered private placement to raise gross proceeds of up to a maximum of $2,000,000, comprising 20,000,000 units, at $0.10 per unit . Each unit consists of one common share of the Company and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the Company at a price of $0.15 per share for a period of [...]
Gold79 Mines Ltd. is pleased to provide an update on the Jefferson Canyon Project , Nevada and announces that an extensive soil geochemical survey of 3,000 samples over the entire project was recently completed with results pending. The JCP comprises 57 unpatented claims located about 7.5 km northeast of Kinross' Round Mountain gold mine . The JCP contains a large volcanic-hosted epithermal Au-Ag system that is similar in [...]
Gold79 Mines Ltd. is pleased to announce it has significantly increased the size of the Tip Top Gold Project, Nevada with the staking of 121 new claims. This new staking has expanded the land position at Tip Top from 22 claims to a total of 143 claims covering approximately 1,062 hectares . Figure 1. Location of the Tip Top project showing both the original and expanded land positions. To view an enhanced version Figure [...]
Gold79 Mines is pleased to announce changes to its board of directors with the appointment of Mr. Derek Macpherson as an independent director effective September 23, 2020. In order to create a vacancy on the board of directors for this appointment, Mr. Robert Johansing has stepped down as a director but remains a member of management in his role as Vice-President of Exploration. Mr. Macpherson brings technical and capital [...]
Gold79 Mines is pleased to announce executive management changes. Mr. Gary Thompson has been appointed to the position of Chief Executive Officer in addition to his role as Executive Chairman of the Company's Board of Directors. Mr. Robert Johansing has been appointed Vice-President, Exploration of the Company stepping down from his prior position as Chief Executive Officer. Mr. Johansing remains a director of the [...]
Aura Resources is pleased to announce that pursuant to a resolution passed by its board of directors on July 28, 2020, the Company has changed its name to "Gold79 Mines Ltd.". There is no consolidation of capital associated with the name change. Effective at the opening on Wednesday, August 5, 2020, the common shares of Gold79 will commence trading on the TSX Venture Exchange and the common shares of Aura Resources Inc[...]
Aura Resources announces that following significant investor demand it has closed its private placement financing raising gross proceeds of $1,538,000 with the issuance of a total of 25,633,333 units, at $0.06 per unit. Each unit consists of one common share of the Company and one-half common share purchase warrant. A total of 12,816,666 warrants were issued entitling the holders to purchase one common share of the [...]
Aura Resources announces that due to significant investor demand it is increasing the maximum amount of its private placement financing announced in its press release dated July 6, 2020 to up to $1,500,000. The non-brokered private placement will now raise gross proceeds of a minimum of $500,000, comprising 8,333,333 units, and up to a maximum of $1,500,000, comprising 25,000,000 units, at $0.06 per unit. Each unit [...]
Aura Resources is pleased to announce the initiation of a non-brokered private placement to raise gross proceeds of a minimum of $500,000, comprising 8,333,333 units, and up to a maximum of $1,000,000, comprising 16,666,667 units, at $0.06 per unit. Each unit consists of one common share of the Company and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the [...]
Aura Resources has released the results of its annual and special meeting of shareholders held in Ottawa, Ontario, on June 30, 2020. Shareholders approved all matters set forth in the Company's Management Proxy Circular dated May 28, 2020 with approximately 94% or more of the votes cast in favour of all matters. These matters included the re-election of W. William Boberg, James Franklin and Robert Johansing as directors [...]
Aura Resources is pleased to announce that it has entered into a definitive amalgamation agreement for the acquisition of Territory Metals Corp., an unlisted private company located in British Columbia, subject to TSX Venture Exchange approval. Territory's key asset is the Tip Top Gold project located in Esmeralda County, USA. The Tip Top Gold project is subject to an agreement of purchase and sale whereby Territory has a [...]
Aura Resources is pleased to announce that it has entered into amending agreements with respect to its option agreements for both the Gold Chain, Arizona and Jefferson Canyon, Nevada projects. The Company retains a right to earn a 100% interest in both projects while the future payment schedules for certain cash and share payments have been amended as further detailed below. Robert Johansing, President and CEO of Aura [...]