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Metalite Resources Inc. is a Canadian junior mineral exploration issuer with a focus on precious metals. The company recently announced a consolidation of its common shares, reducing the outstanding shares significantly. Metalite also entered into settlement agreements with creditors to issue common shares to settle debts. Furthermore, the company has signed a letter of intent to acquire an interest in an advanced critical metals project in Ontario. Metalite is launching a private placement to fund exploration work and has changed its auditor recently.
RooGold has appointed Ramantra Sheopaul as its new Chief Financial Officer, succeeding Jonathan Younie, who will continue in a consulting role. Sheopaul brings extensive experience from Marrelli Support Services, focusing on CFO and compliance services for numerous issuers in Canadian and U.S. exchanges. RooGold's strategy targets growth through consolidation and exploration in New South Wales, Australia, boasting 13 high-grade potential gold and silver concessions across 1,380 km², featuring 137 historic mining sites.
RooGold Inc. (OTC: JNCCF) has engaged Cascade Ventures Ltd. for 12 months to enhance corporate strategies including investor relations and communications. Cascade will receive $5,000 monthly plus 10% of funds spent on services, along with 500,000 stock options at $0.265 per share. Additionally, RooGold granted 75,000 stock options to other consultants. RooGold aims to solidify its presence in New South Wales, Australia, with a portfolio of 13 high-grade concessions covering 1,380 km².
JNC Resources Inc. is consolidating its shares on a 1:2 basis and changing its name to RooGold Inc., pending approval from the Canadian Securities Exchange (CSE). Currently, there are 109,411,000 common shares issued, which will be reduced to 54,705,500 post-consolidation. This move aims to enhance ongoing corporate finance efforts. The consolidation is anticipated to take effect on September 16, 2021, with a record date of September 17, 2021. RooGold will hold a portfolio of 13 high-grade precious metals concessions in New South Wales, Australia.
JNC Resources Inc. has completed the escrow closing of a definitive agreement to acquire a 100% interest in RooGold's subsidiary, Great Southern Precious Metals Pty Ltd., which owns nine past producing and exploratory properties in New South Wales, Australia. The Company issued 40 million common shares, with 25% released based on certain conditions, and expects to obtain Ministerial Approval soon. This acquisition enhances JNC's position in the precious metals sector, consolidating its landholdings to cover 1,380 km² with 137 historic mines and prospects.
JNC Resources Inc. has successfully closed a definitive agreement to acquire Southern Precious Metals Ltd. (SPML), with New South Wales ministerial approval received. JNC issued 6 million common shares to SPML shareholders in exchange for all SPML shares. The company plans a two-for-one share consolidation and is conducting a non-brokered private placement expected to raise up to $5 million. JNC is set to become a major player in the New South Wales precious metals sector, holding a portfolio of 13 high-grade concessions.
JNC Resources Inc. (CSE:JNC)(OTC PINK:JNCCF) has signed a definitive Asset Purchase Agreement with Aussie Precious Metals Corporation to acquire the Trilby and Lorne properties in New South Wales, Australia. This acquisition consolidates JNC's land position in a region known for its gold mineralization, now totaling 422 km2 and 48 historic gold mines.
JNC will issue 4 million shares post-consolidation and pay C$25,000 at closing. The properties are strategically located near the Peel-Manning Fault system, enhancing JNC's potential in mineral exploration.
JNC Resources Inc. (CSE:JNC, OTC PINK:JNCCF, FSE:5VH) has signed a definitive Share Exchange Agreement with RooGold Inc. to acquire nine past producing and exploratory properties in New South Wales, Australia. This deal aims to enhance JNC's Australian portfolio and establish a strong land position in the region. The Company is also launching a non-brokered private placement of up to CAD $5 million to fund exploration activities. The newly acquired properties have historical high-grade gold and silver production, and JNC plans to initiate focused exploration programs soon.
JNC Resources Inc. has signed a Letter of Intent with Aussie Precious Metals Corp. to acquire two historically producing properties in New South Wales, Australia. The properties, Trilby and Lorne, span a combined area of 317.5 km² and are part of a gold-rich region with historical production grades of up to 15 g/t Au. This acquisition enhances JNC's portfolio, which includes the recently announced RooGold property. CEO Michael Mulberry expressed excitement over the strategic expansion in a globally recognized mining jurisdiction.
JNC Resources Inc. (CSE:JNC, OTC PINK:JNCCF) has signed a Letter of Intent (LOI) with RooGold Limited to acquire nine exploration properties in New South Wales, Australia, a region known for its significant gold production. This acquisition aims to strengthen JNC's position in a proven mining jurisdiction. The LOI outlines a refundable deposit of C$75,000 and a share consolidation before closing. The company is also pursuing a financing of up to $5 million to support future development. CEO Michael Mulberry emphasizes the potential for long-term success through this strategic expansion.
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