Tag: #Sprott

Callinex Mines will raise C$5M through the Sprott Group

Callinex Mines will raise C$5M through the Sprott Group

Callinex Mines (CNX.V) has announced it has signed a term sheet with Sprott Private Wealth to complete a non-brokered financing to raise C$5M. The offering will consist of 8 million units at 50 cents,and an additional 1.82 million (flow-through) units at C$0.55 for a total of C$5M. Each unit will […]

Redstar Gold links Orange Mountain with high-grade Shumagin zones

Redstar Gold links Orange Mountain with high-grade Shumagin zones

Redstar Gold (RGC.V) is still working on interpreting the data it gathered from its summer exploration program at the 100% owned Unga gold project in Alaska, and the company released another positive update on its efforts. Redstar now confirmed its exploration program has identified a continuous mineralized structure connecting the […]

Redstar Gold adds Sprott to its list of major shareholders

Redstar Gold adds Sprott to its list of major shareholders

Redstar Gold (RGC.V) finally grabbed the market’s attention as not only did the company’s share price increase since the start of this summer, the company has also caught the eye of Eric Sprott, who decided he wanted to take an (initial?) 12.1% stake in the company. Redstar Gold will be […]

Metanor Resources adds almost 600,000 ounces of gold at Barry

Metanor Resources adds almost 600,000 ounces of gold at Barry

Metanor Resources (MTO.V) has released an updated resource estimate for the Barry gold project, the first resource update in six years. Despite having mined some portions of the project to use the ore as feedstock for the Bachelor Lake mill, Metanor was able to increase the total resources from 780,000 […]

Eric Sprott seems to really like Metanor

Eric Sprott seems to really like Metanor

Eric Sprott has added an additional 2.7 million shares of Metanor Resources (MTO.V) in the past weeks, bringing his total to 32.7 million shares or approximately 7.75% of all of Metanor’s outstanding shares. On top of that, Sprott also owns 20 million warrants resulting in a fully diluted position of […]

Focus Ventures raises cash and acquires 70% of Bayovar 12

Focus Ventures raises cash and acquires 70% of Bayovar 12

Focus Ventures (FCV.V) has announced it has entered into an agreement with Sprott Lending whereby the latter will provide $5M in debt, maturing 18 months from now and carrying an interest rate of 12%. Focus Ventures can decide to repay this loan before the maturity date if it pays at […]