reports
Galleon Gold Completes Flow-Through Financing
Toronto, Ontario--(Newsfile Corp. - December 30, 2019) - Galleon Gold Corp. (TSXV: GGO) (the "Company" or "Galleon Gold") announces it has closed a flow-through private placement ("Financing") of 12,500,000 flow-through units ("Unit") at a price of $0.08 per Unit for gross proceeds of $1,000,000. Each Unit consists of one flow-through common share ("Flow-Through Common Share") and one-half of one common share purchase warrant ("Warrant"), each whole Warrant entitling the holder to purchase one additional common share ("Common Share") at an exercise price of $0.12 for a period of two years endi...
Galleon Gold Announces Completion of Amalgamation with Explor Resource...
Toronto, Ontario--(Newsfile Corp. - December 23, 2019) - Galleon Gold Corp. (TSXV: GGO) (the "Company" or "Galleon Gold") is pleased to announce that it has completed its previously announced three-cornered amalgamation (the "Amalgamation") with Explor Resources Inc. ("Explor Resources"). In connection with the Amalgamation Galleon Gold has issued 95,198,612 common shares of Galleon Gold in exchange for all of the issued and outstanding shares of Explor Resources. President and CEO, Mr. R. David Russell commented, "We are very pleased to be finishing 2019 on this high note. With the merger com...
Pure Nickel Announces Name Change to Galleon Gold Corp. and Provides U...
Toronto, Ontario--(Newsfile Corp. - December 18, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") is pleased to announce that it has changed its name from "Pure Nickel Inc." to "Galleon Gold Corp." pursuant to the provisions of the Canada Business Corporations Act. The name change was approved by shareholders at the Company's annual and special meeting of shareholders held on December 11, 2019 and is effective as of December 18, 2019. The Company anticipates that it will begin trading under its new name on the TSX Venture Exchange and under the new symbol "GGO" at the ope...
Pure Nickel Announces Flow-Through Financing
Toronto, Ontario--(Newsfile Corp. - December 16, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces it intends to complete a flow through private placement ("Financing") of up to 25,000,000 units ("Unit") at a price of $0.08 per Unit for gross proceeds of up to $2,000,000. Each Unit consists of one common share ("Common Share") and one-half of one Common Share purchase warrant ("Warrant"), each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.12 for a period of two years after closing. All securities issued in conjunct...
Pure Nickel Provides Update on Upcoming AGM
Toronto, Ontario--(Newsfile Corp. - November 29, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") is pleased to provide an update regarding its upcoming Annual and Special Meeting of the Shareholders ("AGM") which has been scheduled December 11, 2019. At the AGM, shareholders will be asked to approve a number of items of special business including:The approval of the transaction to combine the Company with Explor Resources Inc. on a 46/54 (Pure Nickel/Explor Resource) basis. (see press release dated August 22, 2019)The approval of the proposal to change the Company name to...
Drill Program Commences on Neal Property - a Pure Nickel Project in Pa...
Toronto, Ontario--(Newsfile Corp. - November 12, 2019) - November 12, 2019. Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces that drilling has commenced on its Neal Gold Project located 27 kilometers southeast of Boise, Idaho. The program consists of approximately 1,000 meters of reverse circulation drilling and is designed to target unmined quartz-gold vein structures down-dip and on strike of known historic mines and mineralized structures. Results from this initial exploration program will form the basis for a larger spring, dual reverse circulation and diamond (cor...
Pure Nickel Announces Appointment of Director James T. O'Neil Jr.
Toronto, Ontario--(Newsfile Corp. - November 4, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces the appointment of Mr. James T. O'Neil Jr. to the Board of Directors of the Company. Mr. O'Neil is a senior executive with 45 years of experience in the metal mining and processing industry. He has held senior executive positions with major international mining companies Grupo Mexico, ASARCO, and Southern Copper Corporation. Mr. O'Neil has served on the board of directors or in executive positions with several junior mining companies including Gryphon Gold, Jipangu In...
Pure Nickel Closes Convertible Debenture Financing
Toronto, Ontario--(Newsfile Corp. - October 24, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces that it has closed a financing (the "Financing") of unsecured convertible debentures ("Debentures") in the amount of $300,000. The Debentures have a term of one year, bear interest at a rate of 8% per annum, and are convertible into common shares at a price of $0.05 per share. The Financing consisted of 300 units at a price of $1,000 per unit (the "Units"), each Unit consisting of $1,000 of Debentures. The Debentures and shares issuable upon conversion will be subjec...
Pure Nickel Closes Private Placement of Units
Toronto, Ontario--(Newsfile Corp. - September 24, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces that it has completed a non-brokered private placement ("Financing") of 2,000,000 units ("Unit") at a price of $0.05 per Unit for gross proceeds of $100,000. Each Unit consists of one common share ("Common Share") and one-half of one Common Share purchase warrant ("Warrant"), each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.12 for a period of two years after closing. All securities issued in conjunction with the Fi...
Pure Nickel Announces Proposed Private Placement of Units
Toronto, Ontario--(Newsfile Corp. - September 11, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces that it plans to raise up to $500,000 in a non-brokered private placement financing (the "Offering"). The Offering consists of up to 10,000,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $500,000. Each Unit consists of one common share ("Common Share") and one-half of one Common Share purchase warrant ("Warrant"), each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.12 for a period of two y...
Pure Nickel Closes Three Million Dollar Convertible Debenture Financin...
Toronto, Ontario--(Newsfile Corp. - September 5, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") is pleased to announce that it has closed its previously announced transaction with Eric Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, pursuant to which Pure Nickel has issued to 2176423 Ontario Ltd. a Convertible Debenture ("Debenture") in the amount of $3,000,000. The Debenture has a term of two years and bears interest at a rate of 8% per annum. The Debenture is convertible into common shares at a price of $0.05 per share for the fir...
Pure Nickel Announces the Entering into of an Investment Agreement wit...
Toronto, Ontario--(Newsfile Corp. - August 22, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") is pleased to announce that Eric Sprott, through 2176423 Ontario Ltd. (a corporation beneficially owned by him), has entered into an investment agreement with the Company pursuant to which Mr. Sprott has agreed to subscribe for a convertible debenture of the Company in the principal amount of $3,000,000, subject to certain terms and conditions (the "Debenture").The Debenture will have a term of two years and bear interest at a rate of 8% per annum, payable at maturity or on conv...
Pure Nickel Closes Second and Final Tranche of Private Placement of Un...
Toronto, Ontario--(Newsfile Corp. - July 22, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces that it has completed the final tranche of a non-brokered private placement ("Financing"). Upon closing of the final tranche of the Financing, the Company issued 500,000 units ("Unit") at a price of $0.05 per Unit for gross proceeds of $25,000. Each Unit consists of one common share ("Common Share") and one-half of one Common Share purchase warrant ("Warrant"), each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.12 for a p...
Pure Nickel Announces Shares for Debt Settlement
Toronto, Ontario--(Newsfile Corp. - July 4, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces it has agreed to settle an aggregate amount of $74,670 for services and expenses rendered to the Company (the "Debt Settlement") to be settled by the issuance of 1,493,400 common shares at a deemed issue price of $0.05 per share. The transaction is being undertaken by the Company in order to conserve working capital.The securities issued pursuant to the Debt Settlement will be subject to a four-month hold period commencing on the date of issuance. Completion of the Debt S...
Pure Nickel Closes Private Placement of Units
Toronto, Ontario--(Newsfile Corp. - June 17, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces that it has completed a non-brokered private placement ("Financing") of 2,333,333 units ("Unit") at a price of $0.05 per Unit for gross proceeds of $116,667. Each Unit consists of one common share ("Common Share") and one-half of one Common Share purchase warrant ("Warrant"), each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.12 for a period of two years after closing. All securities issued in conjunction with the Financi...
Pure Nickel Files NI 43-101 Technical Report for the Neal Project
Toronto, Ontario--(Newsfile Corp. - May 30, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces that it has filed a Technical Report, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, for the Neal Project ("Neal"). The Company is Eric Sprott's 51% partner in the Neal Development Limited Partnership ("Neal LP") which holds a lease to operate Neal (see Pure Nickel press release dated April 30, 2019). The Neal mine area, located 27 kilometers southeast of Boise, Idaho, is a high-grade vei...
Eric Sprott Announces Holdings in Pure Nickel
Toronto, Ontario--(Newsfile Corp. - May 13, 2019) - Eric Sprott announces that on May 13, 2019, through 2176423 Ontario Ltd. (a corporation beneficially owned by him), acquired 10,221,732 common shares ("Shares") of Pure Nickel Inc. ("Acquisition") representing approximately 13.0% of the outstanding Shares on a non-diluted basis. The consideration for the Shares was 102 units of the Neal Development Limited Partnership ("Neal LP"), valued at approximately $0.02 per Share for total consideration of $204,434.64. Prior to the Acquisition, Mr. Sprott did not beneficially own or control any Shares ...
Pure Nickel Closes Transaction - Becomes Eric Sprott's 51% Partner on ...
Toronto, Ontario--(Newsfile Corp. - May 13, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") is pleased to announce that it has closed the previously announced transaction with a company controlled by Eric Sprott ("Sprott Mining") to become the 51% operating and controlling partner in the Neal Development Limited Partnership ("Neal LP") which holds a lease to operate the Neal Project (see Pure Nickel press release dated April 30, 2019). Pursuant to terms of the Agreement ("Agreement") the Company issued to Sprott Mining 10,221,732 shares of Pure Nickel making Sprott Mining...
Pure Nickel Commences NI 43-101 Technical Report for the Neal Project
Toronto, Ontario--(Newsfile Corp. - May 6, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces that it has commenced work on generating a National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") Technical Report (the "Technical Report") for the Neal Project. The Company is Eric Sprott's 51% partner in the Neal Development Limited Partnership ("Neal LP") which holds a lease to operate the Neal Project (see Pure Nickel press release dated April 30, 2019). The Neal Project, located 27 kilometers southeast of Bosie, Idaho, is a gold projec...
Pure Nickel Becomes Eric Sprott's 51% Partner on the Neal Project
Toronto, Ontario--(Newsfile Corp. - April 30, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces that it has signed an Agreement (the "Agreement") with 2176423 Ontario Ltd., a company controlled by Eric Sprott ("Sprott Mining") outlining the arm's length terms for the acquisition by the Company of an initial 51% of the Neal Development Limited Partnership ("Neal LP") from Sprott Mining together with an option to acquire an additional 27% of the Neal LP and 7 unpatented mining claims. The Neal LP holds a lease to operate the Neal Project, which is a gold project co...
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