Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
VANCOUVER, British Columbia & TORONTO--(BUSINESS WIRE)-- Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn”) and Eastmain Resources Inc. (TSX: ER) (“Eastmain”) jointly announce that today they received final orders from the British Columbia Supreme Court and the Ontario Superior Court of Justice, respectively, to implement the previously announced plans of arrangement (the “Transaction”). Pursuant to the Transaction, Auryn will acquire Eastmain after spinning out its Peruvian assets into two new companies and distributing the shares of those companies to Auryn’s shareholders. The Tr...
VANCOUVER, British Columbia & TORONTO--(BUSINESS WIRE)-- Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn”) and Eastmain Resources Inc. (TSX: ER) (“Eastmain”) are pleased to jointly announce that securityholders of both companies voted today at special meetings to approve their respective plans of arrangement pursuant to which Auryn will spin out its Peruvian assets and immediately thereafter acquire Eastmain (the “Transaction”). Voting support for the Transaction was in excess of 99% of the securities voted for each Company. Shareholder participation was 63.97% for Auryn and 40.03%...
VANCOUVER, British Columbia & TORONTO--(BUSINESS WIRE)-- Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn”) and Eastmain Resources Inc. (TSX: ER) (“Eastmain”) are pleased to jointly announce that proxy voting has concluded with support from shareholders of both companies in excess of 99% for the previously announced transactions pursuant to which Auryn spins out its Peruvian assets and immediately acquires Eastmain (the “Transaction”). No shareholders of either company exercised dissent rights in respect of the Transaction which fulfills another important condition under the arrange...
TORONTO--(BUSINESS WIRE)-- Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQX:EANRF) a gold exploration and development company based in Eeyou Istchee James Bay, Quebec, is pleased to announce it has begun a Gradient Array Induced Polarization (“Gradient Array”) survey at its Eau Claire Project, on the 100%-owned Clearwater Property in Eeyou Istchee, James Bay, Quebec (). The Gradient Array survey results will be utilized in the planned 50,000 m drilling program expected to begin in the fall, following the completion of the proposed acquisition of Eastmain by Auryn Resources ...
VANCOUVER, British Columbia & TORONTO--(BUSINESS WIRE)-- Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn” or the “Company”) and Eastmain Resources Inc. (TSX: ER) (“Eastmain”) are pleased to jointly announce that Auryn has today completed the equity financing announced August 31, 2020 by raising C$23 million through the issuance of 7,750,000 subscription receipts (the “Subscription Receipts”). The bought-deal financing was co-led by Canaccord Genuity Corp. and Beacon Securities Limited. The Subscription Receipts will be exchanged for common shares of Fury Gold (as defined below) con...
TORONTO--(BUSINESS WIRE)-- Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQB: EANRF), is pleased to announce that Institutional Shareholder Services (“ISS”), an independent proxy advisory firm who provides voting recommendations to institutional shareholders has recommended that Eastmain shareholders (the "Shareholders") vote FOR the proposed special resolution (the “Arrangement Resolution”) at the upcoming special meeting (the “Meeting”) of Eastmain securityholders (the “Securityholders”) to approve the proposed plan of arrangement with Auryn Resources Inc. (“Auryn”) pursua...
VANCOUVER, British Columbia & TORONTO--(BUSINESS WIRE)-- Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn” or the “Company”) and Eastmain Resources Inc. (TSX: ER) (“Eastmain”) are pleased to jointly announce that Auryn has entered into an agreement with a syndicate of underwriters co-led by Canaccord Genuity Corp. and Beacon Securities Limited in connection with a bought deal private placement financing (the "Bought Deal Offering") of an aggregate of 7,500,000 subscription receipts of the Company (the "Subscription Receipts") to raise gross proceeds of C$22,500,000. The Subscription...
VANCOUVER, British Columbia & TORONTO--(BUSINESS WIRE)-- Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn”) and Eastmain Resources Inc. (TSX: ER) (“Eastmain”) are pleased to announce that they have entered into a definitive agreement (the “Agreement”) pursuant to which Auryn will acquire all of the issued and outstanding shares of Eastmain, immediately following a spin out of Auryn’s Peruvian projects to Auryn shareholders and completion of a concurrent financing (collectively, the “Transaction”). The Transaction will create Fury Gold Mines Limited (“Fury Gold”) and two independent ...
TORONTO--(BUSINESS WIRE)-- Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQB:EANRF), a gold exploration and development company based in Eeyou Istchee James Bay, Quebec, has resumed exploration activities this month, under the Covid-19 guidance of the Government of Quebec and the Cree Nation Government of Eeyou Istchee. Exploration activities will focus on extending the Eau Claire mineral resource envelope at depth and testing new regional exploration targets at Radisson, Reservoir and Clearwater (). Blair Schultz, Interim President and CEO commented, “Eastmain has one of ...
TORONTO--(BUSINESS WIRE)-- Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQB:EANRF), a gold exploration and development company based in Eeyou Istchee James Bay, Quebec, is pleased to announce it has optioned its Lac Lessard PGM (Platinum Group Metals) Property (the “Project”) to a private company. Lac Lessard is located 15 kilometres northeast of the Eastmain mine property, recently optioned to Benz Mining Inc., and located 325 km NE of the town of Chibougamau. The Lac Lessard property hosts an intrusive complex which is prospective for PGMs. Blair Schultz, Eastmain Inter...
TORONTO--(BUSINESS WIRE)-- Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQB:EANRF), a gold exploration and development company based in Eeyou Istchee James Bay, Quebec, is pleased to announce it has optioned to Benz Mining Corp. (“Benz”) (TSX-V:BZ), the Ruby Hill East and West properties (the “Property”). The Property is located immediately west of the Eastmain Mine Project, which was optioned to Benz in August 2019 (see press release ). In conjunction with the option, Eastmain is amending the existing Eastmain Mine Project option agreement in relation to work commitments...
TORONTO--(BUSINESS WIRE)-- Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER, OTCQB:EANRF) has released the voting results from its annual general and special meeting held Thursday April 23, 2020, virtually, in accordance with company bylaws and with the acceptance of the Toronto Stock Exchange. A total of 83,806,112 common shares were voted at the meeting representing 28.8% of the issued and outstanding shares. Shareholders voted in favour of the business before the meeting, being the appointment of Stern & Lovrics LLP as Auditors of the Corporation, the election of all director ...
TORONTO--(BUSINESS WIRE)-- Eastmain Resources Inc. (TSX:ER) (the “Company” or “Eastmain”) today announces that its Annual and Special Meeting of shareholders scheduled for Thursday, April 23, 2020 will be held in a virtual-only format. The Company also announces that its 2019 Notice of Annual and Special Meeting, Management Information Circular and Form of Proxy are available, as of March 23, 2020. In light of any possible mail disruptions in Canada, the Company wants to ensure shareholders are aware the meeting materials are all available electronically and include instructions to vote in a...
TORONTO--(BUSINESS WIRE)-- Eastmain Resources Inc. (TSX:ER) (the “Company” or “Eastmain”) announces today proposed amendments with respect to certain matters which are to be considered and voted upon at its annual and special meeting of shareholders to be held on April 23, 2020 (the “Meeting”), as well as certain clarifications to its Management Information Circular dated as of March 6, 2020 in connection with the Meeting (the “Circular”). Restricted Share Unit Plan The Circular indicated that at the Meeting, shareholders would be invited to consider and, if deemed fit, reapprove the exist...
TORONTO--(BUSINESS WIRE)-- Eastmain Resources Inc. (TSX:ER) (the “Company” or “Eastmain”) today provides a corporate update in response to COVID-19. In recognition of recent events surrounding COVID-19, Eastmain has implemented safety protocols as recommended by Health Canada and the Ontario Ministry of Health. The Company is encouraging its employees to practice social distancing, and to self-monitor and self-isolate on symptoms, in the collaborative effort to “flatten the curve” and slow the spread of the coronavirus. As a precautionary measure, the Company has closed its office and instru...
TORONTO--(BUSINESS WIRE)-- Eastmain Resources Inc. (TSX:ER) (the “Company” or “Eastmain”) is pleased to announce it has closed the second and final tranche of the previously announced private placement (the “Offering”) for aggregate gross proceeds of approximately C$3,000,000. The final tranche is in the amount of $350,000 and consisted entirely of Hard Units. Pursuant to the Offering, the Company issued an aggregate of 8,200,000 units (“Hard Units”) at a price of $0.10 per Hard Unit, 15,875,000 Quebec flow-through common shares of the Company (the “Quebec FT Shares”) at a price of $0.12 per...
TORONTO--(BUSINESS WIRE)-- Eastmain Resources Inc. (TSX:ER) (the “Company” or “Eastmain”) is pleased to announce that it has closed the first tranche of the previously announced private placement (the “Offering”) for aggregate gross proceeds of approximately C$2,650,000. A second and final closing is expected to take place next week. Pursuant to the Offering, the Company issued an aggregate of 4,700,000 units (“Hard Units”) at a price of $0.10 per Hard Unit, 15,875,000 Quebec flow-through common shares of the Company (the “Quebec FT Shares”) at a price of $0.12 per Quebec FT Share and 2,391,...
TORONTO--(BUSINESS WIRE)-- Laurence (Laurie) Curtis, Chairman of Eastmain Resources Inc. (TSX:ER, OTCQB:EANRF) (“Eastmain” or the “Company”) is pleased to announce that David Stein, CFA, MSc. has joined the Board of Directors. Mr. Stein takes the place of Mr. Lemasson who stepped down from the Company in December 2019. Laurie Curtis, Eastmain Resources Chairman commented, “We are delighted to welcome David Stein to our board. His financial and technical experience in the resource sector will be a key voice in the strategic development of our assets.” David Stein is a well-respected Mining ...
TORONTO--(BUSINESS WIRE)-- Eastmain Resources Inc. (TSX:ER, OTCQB:EANRF) (“Eastmain” or the “Company”) is pleased to announce that it intends to upsize its previously announced non-brokered private placement (the “Offering”) to accommodate demand from shareholders (see news release dated ). The Offering has increased to provide for aggregate gross proceeds of up to $3.0 million, comprised, in part, of a minimum of C$875,000 of units of the Company (“Hard Units”) at a price of $0.10 per Hard Unit. The remaining balance will be comprised of any combination of Hard Units and flow-through shares o...
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