reports
Para Resources Announces Change to the Definitive Agreements for the P...
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2020) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") announces that the Definitive Agreements ("Agreement") executed on March 25th, 2020, with Mineros, S.A. ("Mineros"), the Seller of certain shares ("Shares") of Operadora Minera S.A.S. ("Operadora"), a simplified stock corporation (sociedad por acciones simplificada), organized and existing under the Laws of Colombia and the Mining Title of Nechi, the portion of the Mining Title of R57011 and certain other Assets (the "Assets") has been amended as f...
Para Resources Announces Definitive Agreements for the Purchase of Ope...
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2020) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") announces it has entered into Definitive Agreements ("Agreement") with Mineros, S.A. ("Mineros") to acquire 100% of its wholly owned subsidiary Operadora Mineras S.A.S. ("Operadora") for US$5.5 million. Operadora owns 100% of the La Ye Gold Operations and associated mineral rights. During its due diligence enquiries Para was able to confirm, based on financial statements audited by Deloitte and Touche, Ltda, that the Operadora mine has been profi...
Para Resources Announces Delay in Filing Under COVID-19 Duress
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2020) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") announces that due to circumstances created by the COVID-19 pandemic, the British Columbia Securities Commission and other members of the Canadian Securities Administrators granted "Issuers" in the Canadian securities industry up to an additional 45 days, to complete year-end statutory filings. The Company does not believe that it will be able to file its December 31, 2019 audited annual financial statements by its usual 120 day deadline of April ...
Aura Completes Acquisition of Gold Road Project from Para
Road Town, British Virgin Islands and Vancouver, British Columbia--(Newsfile Corp. - March 30, 2020) - Aura Minerals Inc. (TSX: ORA) ("Aura") and Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) ("Para") are pleased to announce that, further to the joint press releases issued by Aura and Para on February 10, 2020 and March 9, 2020, Aura completed the purchase of all of the issued and outstanding shares of Para's wholly-owned subsidiary Z79 Resources, Inc. ("Z79") (the "Share Purchase") on March 27, 2020. Z79 owns through Gold Road Mining Corp. ("GRMC") the Gold Road Mine located in ...
Aura Enters into Definitive Agreements for Purchase of Gold Road Proje...
Road Town, British Virgin Islands and Vancouver, British Columbia--(Newsfile Corp. - March 9, 2020) - Aura Minerals Inc. (TSX: ORA) ("Aura") and Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) ("Para") announce that they have entered into a definitive share purchase agreement (the "Share Purchase Agreement") pursuant to which Aura will purchase from Para all of the issued and outstanding shares of its wholly-owned subsidiary Z79 Resources, Inc. ("Z79"), which transaction was previously contemplated by a term sheet announced by Aura and Para on February 10, 2020 (the "Share Purchase"...
Para Resources Announces Focus on South America
Also Announces Management ChangesVancouver, British Columbia--(Newsfile Corp. - February 19, 2020) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") announces that the focus will be on the Company's Colombia assets and other opportunities in South America. As such, the Company announces that Mr. Javier Cordova has been appointed by the Board of Directors to serve as the President & CEO of the Company. C. Geoffrey Hampson has resigned as the Chief Executive Officer, Ian Harris has resigned as the President and as a Director and Randy Martin has resigned as ...
Aura Agrees to Purchase Gold Road Mine and Related Transactions with P...
Road Town, British Virgin Islands and Vancouver, British Columbia--(Newsfile Corp. - February 10, 2020) - Aura Minerals Inc. (TSX: ORA) ("Aura") and Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) ("Para") announce that they have entered into a binding term sheet (the "Term Sheet") along with PPG Arizona Holdings LP ("PPG"), an affiliate of Pandion Mine Finance, LP, pursuant to which Aura will purchase from Para all of the issued and outstanding shares of its wholly-owned subsidiary Z79 Gold (USA) Corp. ("Z79") for nominal cash consideration of US$1 and the assumption by Aura of lia...
Para Resources Signs Binding Agreement for Purchase of Operadora Inclu...
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2020) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that Colombia Milling Ltd. ("CML") a wholly owned subsidiary of the Company has entered into a binding letter of intent (the "Agreement") with Mineros, S.A. ("Mineros") to acquire 100% of the shares of Operadora Mineras S.A.S. ("Operadora") for US$5.5 million in cash.Photo - El Bagre Plant (El Bagre, Antioquia, Colombia)To view an enhanced version of this graphic, please visit:The purchase of Operadora includes the shares...
Para Resources Announces $5,000,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that it has arranged a non-brokered private placement (the "Private Placement") for total gross proceeds of up to C$5,000,000. The Private Placement will consist of up to 50,000,000 units at a price of C$0.10 per unit (each a "Unit"). Each Unit is comprised of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one common share of the Company f...
CORRECTION FROM SOURCE: Para Resources Announces Self-Operation at the...
Dore production at Gold Road over 730 ounces of gold month-to-dateVancouver, British Columbia--(Newsfile Corp. - November 25, 2019) - With reference to today's press release, Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") announces the termination of the contract mining agreement with Clark Construction and the transition to self-operation of the mining operations of the Gold Road Mine. The company would like to clarify that the decision to self-operation and hence, the termination of the contract mining agreement was based solely on management's strategy ...
Para Resources Announces Self-Operation at the Gold Road Mine
Doré production at Gold Road over 730 ounces of gold month-to-dateVancouver, British Columbia--(Newsfile Corp. - November 25, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") announces the termination of the contract mining agreement with Clark Construction and the transition to self-operation of the mining operations of the Gold Road Mine. Clark Construction consistently failed to achieve the projected staffing, equipment availability, and as a result, the mine was not meeting the production plan. Mining costs were therefore higher than the Company ...
Para Resources Announces First Dore Pour at the Gold Road Mine
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that on November 5, 2019, the Gold Road Project successfully smelted and poured a 380.0 ounce doré bar containing 220.8 ounces of gold. Figure 1To view an enhanced version of Figure 1, please visit:Ian Harris, President of Para Resources, stated, "The production of a doré bar is a significant milestone for Gold Road, confirming the production cycle from mine to bar can be completed successfully. The doré bar and in-circ...
Gold Road Production on Track
Para Resources Also Announces Final Close of Over-Subscribed Private Placement Raising $10.8MVancouver, British Columbia--(Newsfile Corp. - November 1, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that, in anticipation of the October 23rd start-up of the mill, the Gold Road mine shifted from focusing on extending and deepening the main accesses of the mine to stope development in 6 faces in the mine. During the month, the mine steadily increased the daily haulage of mineralized rock to surface, resulting in a total for th...
Para Announces Closing of $510,000 in Third Tranche Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that it has closed $510,000 in the third tranche of the previously announced Private Placement of Units. The Company has issued 5,100,000 Common Shares and 5,100,000 share purchase warrants (each a "Warrant"). This brings the total raised in the first three tranches of this Private Placement to 95,448,706 Shares and 95,448,706 warrants for total combined proceeds of $8,544,871. Each Warrant entitles the holder to acquire...
Para Resources Announces Start of the Gold Road Mill
Strong Mine Production and Start of the Gold Road Mill puts the Project Back on TrackVancouver, British Columbia--(Newsfile Corp. - October 24, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce the successful start of the Gold Road mill and CIL plant on October 23rd, with expected doré production to begin in early November. During an extended circuit test in Q1 of 2019, the mill and plant operated as planned and achieved doré production at the benchmark gold recovery rate of 95%.Since the beginning of June 2019 when the n...
Para Announces Closing of $1,570,000 in Second Tranche Private Placeme...
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2019) - Para Resources Inc.(TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that it has closed $1,570,000 in the second tranche of the previously announced Private Placement of Units. The Company has issued 15,700,000 Common Shares and 15,700,000 share purchase warrants (each a "Warrant"). This brings the total raised in the first two tranches of this Private Placement to 90,348,706 Shares and 90,348,706 warrants for total combined proceeds of $9,034,871. Each Warrant entitles the holder to acqui...
Para Announces Closing of $7,464,870 in First Tranche Private Placemen...
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that it has closed $7,464,870 in the first tranche of the previously announced Private Placement of Units at $0.10 per Unit. The Company has issued 74,648,706 Common Shares and 74,648,706 share purchase warrants (each a "Warrant"). Each Warrant entitles the holder to acquire one common share of the Company for a period of 2 years at a price of C$0.15, subject to an accelerated expiry if the closing trading price of the...
Phase 1 Drilling Program on Tr-Ue Vein in Oatman, Az
Vein width of between 0.61 m and 4.7 m at grades between 9.4 and 13.6 gpt AuVancouver, British Columbia--(Newsfile Corp. - September 17, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC PINK: PRSRF) (the "Company" or "Para") is pleased to announce the initial certified assay results of the phase 1 drilling program on the Tr-Ue vein started this summer. The Tr-Ue vein forms a part of the Gold Road claims and is approximately 1.6 kms from the Gold Road mill on a paved highway. Results from the first 4 holes of the 9-hole program have been received from ALS Laboratories in Tucson, Az. ...
Para Resources Announces $10,000,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC PINK: PRSRF) (the "Company" or "Para") is pleased to announce that it has arranged a non-brokered private placement (the "Private Placement") for total gross proceeds of up to C$10,000,000. The Private Placement will consist of up to 100,000,000 units at a price of C$0.10 per unit (each a "Unit"). Each Unit is comprised of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one common share of the C...
Para Resources Provides a Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to provide an update on operations as follows:Gold RoadGold Road has completed 245 feet of development raise and incline to complete excavation of the new secondary escape route from the lowest levels of the mine as per the Mine Safety Health Administration (MSHA) request. Work continues on lining and landings to finalize this project by the end of August.As advised in June 2019, the new surface fan and air doors were installed a...
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