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Lode Gold Resources Inc. (SBMIF) is a Canadian exploration and development company with projects in Yukon and New Brunswick. The company, formerly known as Stratabound Minerals Corp., closed a shares-for-debt transaction and is planning to spin off its Canadian assets into a new public vehicle. Led by CEO Wendy T. Chan and VP Exploration Buddy Doyle, Lode Gold focuses on high-grade gold mineralization in safe mining jurisdictions. The McIntyre Brook Project in New Brunswick, surrounded by Puma Exploration's Williams Brook Project, shows promising results. With strategic plans for growth and restructuring, including non-brokered financings and loan repayments, Lode Gold aims to unlock shareholder value and advance its exploration programs.
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Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) provides an update on a litigation matter related to its acquisition of California Gold Mining Inc. The matter involved claims from suppliers of CGM's former hemp business totalling $USD 1,214,000 ($CDN 1.6M), which was recently dismissed by a North Carolina court. This dismissal has improved the company's balance sheet by approximately $CDN 1M, positioning Stratabound for a strong 2024. Interim CEO Wendy T. Chan highlights the company's improved financial position and growth prospects.
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Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) announces a non-brokered financing of $1,500,000 by issuing 60,000,000 units at $0.025 per unit, consisting of one common share and one common share purchase warrant. The offering is supported by lead orders from major shareholders and new strategic investors, with key initiatives and catalysts planned for 2024. The proceeds will be used for high-resolution magnetics and drill targeting at McIntyre Brook property, data review and targeting at Golden Culvert and Win projects, and drill target generation testing at Fremont Gold project.
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Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) appoints experienced mine builder and geologist, Buddy Doyle, as Vice President of Exploration. Doyle's extensive experience in mineral exploration and track record of discovery and development make him a valuable addition to the technical team.
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Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) announces the resignation of Kim Tyler as President and CEO and Director of the Board, with Wendy T. Chan appointed as Interim CEO. Ms. Chan brings global corporate development and strategy experience to lead a strategic plan for the Company's five assets. She has extensive capital market expertise and has worked with key mining public companies for over a decade.
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Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) completed a shares for debt transaction with R.W. Tomlinson Ltd., issuing 57,063,722 common shares at $0.025 per share to settle a debt of $1,426,593.05 owing to R.W. Tomlinson Ltd. The shares issued are subject to a 4-month hold period, with no finders' fees or commissions payable.
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Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) has confirmed a new Reduced Intrusion-Related Gold System (RIRGS) discovery on its Win Gold Project in the southern Tombstone Gold Belt, Yukon Territory. The project features sheeted gold-bearing quartz veins with distinct assemblage and zonation patterns in surface rock geochemistry. The site is located within 5-km of an all-season highway and 12.8 km south of Cantung Mine, with heightened staking and acquisition activities by neighboring companies. The discovery may be genetically related to the company's Golden Culvert Main Discovery Zone and shows potential for high-grade gold mineralization.
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Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) has acquired 100% mineral rights interest in the Golden Culvert and Little Hyland gold properties in the Yukon Territory. The company's focus on orogenic-type gold deposits is shifting towards potential Reduced Intrusion-Related Gold System (RIRGS) deposits, following the success of neighboring properties. The Golden Culvert property boasts significant gold mineralization and unexplored gold-in-soil anomalies, positioning it as a highly prospective asset in the Tombstone Gold Belt.
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Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) has amended its debt settlement agreement to settle a Company debt of $1,426,593.05 owing to R. W. Tomlinson Ltd. The deemed price per share has been reduced from $0.03 to $0.025, resulting in the issuance of 57,063,722 common shares. The Debt Settlement is subject to TSX Venture Exchange acceptance and shares issued will be subject to a 4-month hold period.
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Stratabound Minerals Corp. announces $250,000 short term loan agreements with R.W. TOMLINSON LIMITED and COAST CAPITAL MIDAS MASTER FUND, LP. Repayment in 3 months, interest at 20% per annum, convertible at lender's option. Positive support for financial restructuring.
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Stratabound Minerals Corp. announces debt restructuring and reduction
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FAQ
What is the current stock price of LODE GOLD RESOURCES (SBMIF)?
The current stock price of LODE GOLD RESOURCES (SBMIF) is $0.0159 as of October 15, 2024.
What is the market cap of LODE GOLD RESOURCES (SBMIF)?
The market cap of LODE GOLD RESOURCES (SBMIF) is approximately 5.7M.
What is Lode Gold Resources Inc.?
Lode Gold Resources Inc. is a Canadian exploration and development company with projects in Yukon and New Brunswick, focusing on high-grade gold mineralization.
Who leads Lode Gold Resources Inc.?
Lode Gold Resources Inc. is led by CEO Wendy T. Chan and VP Exploration Buddy Doyle.
What are the strategic plans of Lode Gold Resources Inc.?
Lode Gold Resources Inc. has strategic plans for growth and restructuring, including non-brokered financings and loan repayments to unlock shareholder value and advance exploration programs.
What is the McIntyre Brook Project?
The McIntyre Brook Project in New Brunswick is a key focus area for Lode Gold Resources Inc., surrounded by Puma Exploration's Williams Brook Project, showing promising results in high-grade gold mineralization.
What recent transactions has Lode Gold Resources Inc. completed?
Lode Gold Resources Inc. closed a shares-for-debt transaction and plans to spin off its Canadian assets into a new public vehicle.
LODE GOLD RESOURCES INC.
OTC:SBMIF
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5.70M
193.54M
27.64%
18.76%
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