Heritage Mining Announces Fully Allocated Non-Brokered Private Placement

(TheNewswire)

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, BC TheNewswire - October 14, 2024 Heritage Mining Ltd. (CSE: HML, FRA: Y66) (" Heritage " or the " Company ") is pleased to announce that its previously announced non-brokered private placement on September 23, 2024, is now fully allocated.

The offering was met with robust demand, including strong lead orders from management, the board of directors, existing institutions and high net-worth individuals, further demonstrating confidence in the Company's vision and strategic direction.

In addition to the support from existing stakeholders, Heritage is excited to welcome new institutional support, including a significant investment from Altitude Capital, further strengthening the Company's shareholder base and advancing its exploration and development goals.

Michael Wekerle, Managing Director of Altitude Capital, commented, "Heritage Mining's portfolio in Northwestern Ontario holds exceptional geological potential, and this financing reflects the confidence we have in the team and their ability to unlock significant mineral value. With the strong backing of key stakeholders and new institutional support, Heritage is well-positioned to capitalize on its upcoming exploration programs."

Peter Schloo, President, CEO, and Director of Heritage Mining, added, "We are thrilled to announce that the private placement has been fully allocated, with substantial participation from management, board members, and our loyal investors. We are particularly excited to welcome new institutional partners like Altitude Capital, whose involvement underscores the strength of our projects and our future potential. The commitment of our team and supporters enables us to continue our exploration work and pursue the discovery of high-grade gold, silver, and copper in our Drayton-Black Lake and Contact Bay projects."

The funds raised from this private placement will be used for exploration activities and general working capital, positioning the Company to continue executing its business strategy.

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake, Contact Bay and Scattergood projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . The projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company's projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

News Provided by TheNewsWire via QuoteMedia

Heritage Mining HML:CC CSE:HML Base Metals Investing

HML:CC

Heritage Mining Further Expands Land Position and Provides Exploration Update

(TheNewswire)

VANCOUVER, BC TheNewswire - November 19, 2024 Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or the " Company ") is pleased to announce the claim package expansion at its flagship Drayton Black Lake (" DBL ") based on experts recommendations Brett Davis and Dr. Gregg Morrison in addition to an update on the ongoing 2024 exploration program over the Ontario Project Portfolio. The Company believes the progress achieved to date represents important milestones for systematic exploration in one of the last underdevelopment greenstone belts in Northwestern Ontario.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Heritage Mining Announces Oversubscribed Closing of the Final Tranche of its Non-Brokered Private Placement of Units and Flow-Through Shares

(TheNewswire)

VANCOUVER, BC TheNewswire - November 8, 2024 Heritage Mining Ltd. (CSE: HML) (" Heritage " or the " Company ") is pleased to announce that it has closed the final tranche (" Tranche Two ") of its non - brokered private placement financing previously announced on September 23, 2024 (the " Offering ").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Heritage Mining Announces Closing of the First Tranche of its Non-Brokered Private Placement of Units and Flow-Through Shares

(TheNewswire)

VANCOUVER, BC TheNewswire - October 21, 2024 Heritage Mining Ltd. (CSE: HML) (" Heritage " or the " Company ") is pleased to announce that it has closed the first tranche (" Tranche One ") of its fully allocated non-brokered private placement financing previously announced on September 23, 2024.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Heritage Mining Announces Partnership with Altitude Capital Consultants Inc. and Non-Brokered Private Placement

(TheNewswire)

VANCOUVER, BC, September 23, 2024 Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or the " Company ") is pleased to announce the engagement with Altitude Capital Consultants Inc. (" Altitude "). This strategic partnership aims to enhance the Company's market presence by providing capital market advice in respect of potential capital market strategies as it relates to all future financings and by reviewing and analyzing strategic opportunities for the Company. Heritage is also pleased to announce a Non-Brokered Private placement up to C$1.313M to fund its upcoming exploration program and working capital.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Red Metal Resources Engages German Investor Awareness and Digital Marketing Consultants

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") The Company has engaged Investment-Zirkel-München ("IZM") that offers several services for German language investor awareness including news dissemination, conference calls, real-time investor forums and an active investors network throughout Europe. IZM has a select investor following that participate in both financings and open market buying. The IZM contract is for a two-year term at a cost of CAD$25,000.

IZM has a business address at Lena-Chris-Str 9, Nuebiberg, Germany. The services to be provided will be overseen by Mathias Voigt, President of the company, who can be contacted at mv@i-z-m.info. Mr. Voigt owns 150,000 shares of the Company.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

World Copper Initiates Strategic Review Process and Engages Advisor

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper " or the "Company") announces that the Company has initiated a strategic review process and has engaged Origin Merchant Partners (the "Advisor") to assist it in its review. The Advisor will work with World Copper's management and Board to evaluate a range of strategic alternatives that may be available to the Company to grow and maximize value for all shareholders (the "Engagement"). There can be no assurance that this process will result in any specific strategic plan or financial transaction and no timetable has been set for its completion. The Company does not plan to provide updates on the status of the review unless there are material developments to report.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Quetzal Copper Announces Brokered Private Placement Offering to Raise $3.0 Million

Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company") a North American focused copper exploration company is pleased to announce that it has entered into an agreement with Independent Trading Group ("ITG") to act as lead agent and sole bookrunner in connection with a "best efforts" private placement (the "Offering") for aggregate gross proceeds of up to $3,000,000 from the sale of the following:

up to 6,666,666 units of the Company (the "Units") at a price of $0.15 per Unit for gross proceeds of up to $1,000,000 from the sale of Units; and

up to 10,526,315 common shares of the Company (the "FT Shares", and together with the Units, the "Offered Securities") at a price of $0.19 per FT Share for gross proceeds of up to $2,000,000 from the sale of FT Shares. Each FT Share will be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada).

Each Unit issued under the Offering shall consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.25 per Common Share for a period of 24 months from the Closing Date (as defined below).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Bold Ventures Stakes Claims Near Joutel, Québec and Completes Second Phase of Fall Exploration at the Company's Properties in Northwestern Ontario

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") announces that it has staked 26 claims near Joutel, Québec (with 4 claims pending), approximately 140 km northwest of the city of Val d'Or, Québec. The claims are situated in the vicinity of Bold's former Joutel property, over which Bold flew an airborne VTEM survey in 2012. The new claims cover geophysical anomalies from the 2012 survey. Historical diamond drilling in this area has identified anomalous nickel, silver, copper, zinc and gold associated with geophysical anomalies. Click here for more details about the property.

Additionally, senior management of Bold and prospectors from Emerald Geological Services ("EGS") have completed a second phase of fall fieldwork in the Atikokan, Ontario area, including prospecting, soil sampling, and lake sediment sampling. Work was carried out on the Wilcorp, Burchell, and Traxxin properties during the first half of November. A week-long first phase of fieldwork in September of this year resulted in assays up to 16.3 g/t Au at Bold's Wilcorp property (Oct. 31st news release). The purpose of the recent program was to define 2025 trenching and drilling targets in historical areas of interest, based on rock assays, soil geochemistry, and geological data.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

HOLEID	EASTING	NORTHING	RL_M	AZIM_TRUE	DIP	EOH_M	Comments
OEDD0065	655949.04	1048015.91	450.19	35.00	-55.00	209.51	DD Tail from 66m (NSV)
OEDD0073	655796.27	1048113.92	448.95	35.00	-55.00	107.30	DD Tail from 209m
OEDD0089	655813.07	1047963.67	445.71	31.20	-57.47	410.00
OEDD0090	655993.81	1047946.69	450.68	35.00	-55.00	317.27
OEDD0091	656138.39	1047853.14	455.30	35.00	-55.00	194.20
OEDD0092	655702.70	1048073.71	451.07	35.00	-55.00	335.30
OEDD0093	655379.89	1048249.71	458.08	35.00	-55.00	278.27
OEDD0094	655518.24	1048148.92	457.56	35.00	-55.00	398.30
OEDD0095	655305.16	1048288.12	458.20	35.00	-55.00	284.15
OEDD0096	656212.45	1047770.64	460.13	35.00	-55.00	191.18
OEDD0097	655771.52	1047907.10	448.81	35.00	-55.00	524.00
OEDD0098	655709.29	1047942.84	451.40	35.00	-55.00	525.92

Hole	From (m)	To (m)	Width (m)	Au (g/t)	Cu (%)	Ag (g/t)	Mo (ppm)	AuEq. (g/t)	Au gm	AuEq. gm	Comp Trigger (g/t)
OEDD0073	147.00	173.00	26	0.6	0.16	0.5	131	0.9	15	23	0.2
including	150.00	152.00	2	0.9	0.14	0.6	14	1.1	2	2	0.5
including	160.00	173.00	13	0.8	0.24	0.8	230	1.3	11	17	0.5
OEDD0089	318.00	353.00	35	2.2	0.48	1.9	567	3.3	77	114	0.5
Including	319.00	325.00	6	2.3	0.27	1.0	1071	3.5	14	21	2
Including	330.00	353.00	23	2.5	0.60	2.3	365	3.6	59	83	1
and	377.00	394.00	17	1.8	0.30	0.9	195	2.4	31	41	0.5
Including	384.00	390.00	6	3.1	0.55	1.6	353	4.1	19	25	2
OEDD0090	181.00	233.00	52	1.5	0.21	0.9	234	2.0	80	104	0.2
Including	212.00	231.00	19	2.6	0.31	1.1	246	3.2	50	62	2
OEDD0091	120.00	173.00	53	0.6	0.13	0.6	130	0.9	34	48	0.2
and	134.00	169.00	35	0.8	0.14	0.6	158	1.1	28	39	0.5
OEDD0092	84.00	89.00	5	0.7	0.46	1.5	18	1.3	4	7	0.5
Including	84.00	85.00	1	2.7	1.82	6.1	38	5.2	3	7	1
and	278.00	310.00	32	1.5	0.36	1.3	138	2.1	48	67	0.50
Including	287.00	302.00	15	2.4	0.38	1.3	181	3.0	35	45	1.00
OEDD0093	199.00	233.00	34	0.6	0.59	3.0	40	1.5	22	51	0.20
Including	180.00	182.00	2	2.5	1.16	4.8	36	4.1	5	8	1.00
and	211.00	232.00	21	0.8	0.74	3.9	40	1.9	17	40	0.50
Including	215.00	216.00	1	1.4	0.94	3.8	27	2.8	1	3	1.00
Including	220.00	221.00	1	3.8	1.02	6.4	132	5.3	4	5	1.00
Including	228.00	229.00	1	1.5	0.33	2.6	18	2.0	2	2	1.00
OEDD0094	241.00	257.00	16	0.7	0.37	0.9	146	1.3	12	21	0.50
Including	245.00	246.00	1	1.9	0.21	0.6	93	2.3	2	2	1.00
Including	252.00	253.00	1	1.1	0.54	1.0	99	1.9	1	2	1.00
Including	256.00	257.00	1	1.2	1.03	3.3	85	2.7	1	3	1.00
and	298.00	317.00	19	0.8	0.14	0.5	69	1.0	15	19	0.50
Including	298.00	303.00	5	1.1	0.20	0.6	146	1.5	6	8	1.00
Including	307.00	311.00	4	1.1	0.20	0.5	30	1.4	4	6	1.00
and	333.00	354.00	21	0.9	0.28	0.9	196	1.4	18	29	0.50
Including	337.00	349.00	12	1.1	0.32	1.0	231	1.7	13	21	1.00
and	353.00	354.00	1	1.8	0.35	1.3	43	2.3	2	2	1.00
OEDD0095	185.00	204.00	19	0.3	0.36	1.4	24	15.5	6	16	0.20
Including	192.00	193.00	1	0.6	0.81	3.5	63	1.7	1	2	0.50
Including	203.00	204.00	1	1.2	0.36	1.5	7	1.7	1	2	0.50
and	212.00	213.00	1	0.6	1.11	3.8	35	2.2	1	2	0.50
Hole	From (m)	To (m)	Width (m)	Au (g/t)	Cu (%)	Ag g/t)	Mo (ppm)	AuEq. (g/t)	Au gm	AuEq. gm	Comp Trigger (g/t)
and	217.00	218.00	1	0.6	0.72	2.9	46	1.6	1	2	0.50
and	238.00	239.00	1	0.6	0.22	2.4	5	1.0	1	1	0.50
OEDD0096	126.00	137.00	11	0.3	0.15	0.4	178	7.0	3	7	0.20
Including	132.00	133.00	1	0.5	0.25	0.7	68	0.9	1	1	0.50
and	141.00	162.00	21	0.9	0.17	0.8	114	26.2	20	26	0.20
Including	144.00	146.00	2	2.2	0.38	1.5	227	5.8	4	6	1.00
Including	152.00	161.00	9	1.4	0.17	0.9	95	15.2	12	15	0.50
Including	156.00	159.00	3	2.9	0.32	1.6	112	10.4	9	10	2.00
OEDD0097	446.00	476.00	30	1.1	0.28	0.7	83	1.5	33	46	0.2
including	454.00	476.00	22	1.4	0.35	0.9	107	2.0	31	44	0.5
including	461.00	471.00	10	2.1	0.46	1.2	137	2.8	21	28	2
and	519.00	524.00	5	1.3	0.00	0.2	6	1.4	7	7	0.5
OEDD0098	435.00	462.00	27	1.9	0.40	1.4	279	2.7	52	72	0.5
including	435.00	445.00	10	1.34	0.25	0.92	241	1.9	13	19	1
including	449.00	461.00	12	2.86	0.59	1.95	338	3.9	34	47	1
and	482.00	498.00	16	1.0	0.23	0.8	129	1.4	16	23	0.5

Ag	Silver
Au	Gold
AuEq.	Gold Equivalent
Cu	Copper
Cu Eq.	Copper Equivalent
g/t	Grams per tonne
km	Kilometres
m	Metres

Heritage Mining Announces Fully Allocated Non-Brokered Private Placement

Heritage Mining Investor Kit

GET YOUR FREE INVESTOR KIT

Overview

Company Highlights

Key Projects

Drayton-Black Lake Project

Project Highlights:

Contact Bay Copper-Gold Project

Project Highlights:

Management Team

Peter Schloo - President, CEO and Director

Patrick Mohan - Chairman and Director

Wray Carvelas - Director and Chair of Compensation Committee

Rachel Chae - CFO

James Fairbairn - Director and Chair of Audit Committee

Patrick Sullivan - Corporate Secretary

Rick Horne - Geologist

Mitchel Lavery, - Advisor

Latest News

Heritage Mining Investor Kit

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

TOP STOCKS