Month: November 2020

TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce a strategic flow-through financing to continue the Company’s successful exploration program at the Valentine Gold Project in central Newfoundland.The non-brokered private placement offering consists of 3,037,418 flow-through common shares priced at C$2.85 per flow-through common share for total proceeds of C$8,656,641 (“the Offering”).As part of the Offering, Marathon is pleased to have existing shareholder Pierre Lassonde as a strategic investor of the company. Mr. Lassonde has indicated that he intends to subscribe for such number of flow-through common shares of the Offering totalling C$7.5 million. The balance of the Offering has been subscribed for by Trinity Capital Partners Corporation and members...

VANCOUVER, British Columbia, Nov. 25, 2020 (GLOBE NEWSWIRE) — Cameo Industries Corp. (CSE: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo”) is pleased to announce that it has closed an arm’s length share purchase agreement dated November 16, 2020 resulting in the acquisition (the “Acquisition”) of 2752300 Ontario Inc. 2752300 Ontario Inc. is a private company formed under the laws of Ontario, whose sole asset is an option agreement (the “Option Agreement’) with Benton Resources Inc. (“Benton”) dated July 31, 2020, whereby 2752300 Ontario Inc. has the option to earn up to a 100% interest in the Saganaga Gold and Silver Project (“Saganaga Project”) located 120 km west of Thunder Bay, Ontario (Figure 1). The Saganaga Project consists of 27 mineral claims (350 claim units) that cover a number of high-grade gold and silver occurrences...

TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) — ARHT Media Inc. (“ARHT” or the “Company”) (TSXV:ART), announces that it intends to extend the maturity date of its 2020 Series A Debentures (the “Debentures“) until December 30, 2021 (the “New Maturity Date“).On January 30, 2020, the Company completed the private placement of Debentures for total gross proceeds of $1.6 million, representing an aggregate of $1,744,000 principal amount of Debentures. The Debentures are secured by way of a general security agreement made in favour of a collateral agent acting as agent for all of the holders of the Debentures, granting a security interest in substantially all of the Company’s assets.The Debentures were issued at a price of $0.9175 for each $1 of principal amount subscribed for, representing a 12% discount to the...

Company Continues to Successfully Execute on Rollup StrategyBoca Raton, FL, Nov. 25, 2020 (GLOBE NEWSWIRE) — Bright Mountain Media, Inc. (OTCQB: BMTM), an end-to-end digital media and advertising services platform, has provided its financial results for the third quarter ended September 30, 2020.Management Commentary“The third quarter of 2020 was highlighted by our continued revenue growth – a testament to the successful execution of our rollup strategy – with the goal of creating an industry leading digital media and advertising services platform,” said Kip Speyer, Chairman and Chief Executive Officer of Bright Mountain Media. “We continue to integrate Wild Sky Media post-acquisition and have been satisfied with the immense contributions their team has made to the broader organization thus far, expanding our reach into...

CALGARY, Alberta, 25 nov. 2020 (GLOBE NEWSWIRE) — Le fonds Canoe EIT Income Fund (« Canoe » ou le « fonds »), [Bourse de Toronto : EIT.UN] a annoncé aujourd’hui les résultats du rachat volontaire en argent pour 2020.Des demandes de rachat d’environ 68,863 de parts du fonds, ce qui représente environ 0,06 % des parts émises et en circulation, ont été présentées par les porteurs de parts. La déclaration de fiducie du fonds limite le nombre de parts rachetées dans le cadre du rachat annuel à 10 % des parts émises et en circulation à la dernière journée pour présenter les demandes de rachat, soit le 17 novembre 2020. Le produit du rachat sera versé aux alentours du 4 janvier 2021 à un prix de rachat équivalent à 95 % de la valeur liquidative moyenne par part, établie en fonction des trois jours ouvrables précédant la date...

This news release should be read in conjunction with Amarillo Gold Corporation’s condensed interim consolidated financial statements and management’s discussion and analysis for the nine months ended September 30, 2020. Both are available at www.amarillogold.com and filed under the Company’s profile on SEDAR at www.sedar.com.All monetary amounts are expressed in Canadian dollars unless otherwise specified.TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) — Amarillo Gold Corporation (Amarillo or the Company) (TSXV: AGC, OTCQB: AGCBF) today announced its financial results for the nine months ended September 30, 2020.During the third quarter of 2020, Amarillo continued to prepare to break ground on the Posse Gold Mine. It recruited two mine builders with experience in Brazil to the board of directors, placed orders for long lead time items,...

MONTRÉAL, 25 nov. 2020 (GLOBE NEWSWIRE) — Redevances Aurifères Osisko Ltée (« Redevances Osisko ») (TSX et NYSE : OR) et Osisko Développement Corp. (« Osisko Développement ») (TSX-V : ODV) ont le plaisir d’annoncer le lancement d’Osisko Développement – une société de développement aurifère de premier plan en Amérique du Nord ayant pour objectif de devenir le prochain producteur aurifère intermédiaire. Les actions ordinaires d’Osisko Développement (les « actions ODV ») commenceront à être négociées sur la Bourse de croissance TSX le ou vers le 2 décembre sous le symbole « ODV ».Clôture de la PCIPlus tôt aujourd’hui, Redevances Osisko et Osisko Développement ont complété leur transaction de transfert d’actifs précédemment annoncée, laquelle s’est traduite, entre autres, par le transfert par Redevances Osisko de certaines propriétés...

WINNIPEG, Manitoba, Nov. 25, 2020 (GLOBE NEWSWIRE) — Empire Industries Ltd. (TSX-V: EIL) (“Empire” or the “Company”) today announced changes to the composition of its board of directors, arising from its Annual General and Special Meeting of Shareholders held yesterday.“I am pleased to welcome our new director, Guy Dietrich, to the Board,” said Guy Nelson, Executive Chairman and Chief Executive Officer. “Mr. Dietrich’s skills and experience in financing will provide the Board with significant depth as we continue our transition to a recurring revenue co-venture business model.”Mr. Dietrich is a Senior Advisor to Rockefeller Capital Management, after having served as its Managing Director since June 2018. Prior to that, he has 35 years of experience serving as Managing Director in Wealth Management at UBS and Morgan Stanley. Mr....