american eagle canada

Bald Eagle Announces Closing of Aqusition of Leviathan Property and Provides Corporate Update

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/

Bald Eagle Gold Corp., (" Bald Eagle " or the " Company ") (TSXV: BIG) (OTCBQ: BADEF) announces that further to the Company's press release dated November 16, 2021 the Company has closed the acquisition of a 100% interest in the Leviathan Property located in the Heath Mining District of Washington County, Idaho USA (the " Property "). The Property is located immediately east of and adjoins the Company's recently acquired Hercules silver property.

The Company acquired (the " Transaction ") the Property by purchasing all of the issued and outstanding common shares of Frontier Metals Canada Holdings Corp. (" Frontier Canada "). Frontier Canada is a private company existing under the laws of British Columbia . In connection with the Transaction, the Company issued to the holders of the common shares of Frontier Canada (the " Vendors ") 10,000,000 common shares of the Company at a deemed price of $0.045 per share and entered into a net smelter return royalty agreement granting the Vendors a perpetual two percent (2.0%) royalty relating to all production from the Property.

In connection with the closing of the Transaction subject to approval of the TSX Venture Exchange, the Company has appointed Christopher Paul to the Board of Directors of the Company (the " Board ").

Mr. Paul holds a B. Sc. in Geology from Simon Fraser University , 2014, and a Diploma in Mining & Mineral Exploration Technology, 2011, from the British Columbia Institute of Technology. Mr. Paul is a Principal and Founder of Ridgeline Exploration, a technical services company which was recently acquired by Goldspot Discoveries Corp.  He has served in numerous senior exploration management roles including most recently as the Vice President of Exploration for Golden Ridge Resources Ltd.  where he was fundamental in the discovery of the Williams copper gold porphyry in the Golden Triangle region of British Columbia .

Corporate Update

The Company is pleased to announce that Mr. Raymond Harari has been appointed Chief Executive Officer of the Company and Mr. Sidney Himmel has been appointed Chairman of the Board.  Mr. Harari will continue as the President of the Company and as a member of the Board and Mr. Himmel has stepped down as Executive Chairman of the Company.

The Company further announced that it has filed its financial results for the three and nine months ended September 30, 2021. Additional information concerning Bald Eagle's consolidated financial statements and related management's discussion and analysis for the three and nine months ended September 30, 2021 can be found at on SEDAR at www.sedar.com .

About Bald Eagle Gold Corp.

Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of advanced exploration assets in known precious metal districts in the Americas. The Company's objective is to acquire advanced exploration projects for exploration and development. The Company intends to, through evaluating historical data and utilizing modern exploration techniques and geological concepts enhance resources. The management team and board of directors of the Company have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.

Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information in this press release may include, without limitation, statement and information regarding the future operating or financial performance of Bald Eagle and approval of the TSX Venture Exchange of appointment of Mr. Paul as the new director of Bald Eagle.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Bald Eagle, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Bald Eagle has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Bald Eagle does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Bald Eagle Gold Corp.

View original content to download multimedia: https://www.newswire.ca/en/releases/archive/November2021/29/c6309.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)

Abcourt Closes Initial Tranche Non-Brokered Private Placement for Gross Proceeds of $1,668,040

NOT   FOR   DISTRIBUTION   TO   U.S.   NEWS   WIRE   SERVICES   OR   DISSEMINATION   IN   THE   UNITED   STATES.

Abcourt Mines Inc. (" Abcourt " or the " Corporation ") (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce that it has closed a first tranche of its previously announced non-brokered private, for gross proceeds of $1,668,040 (the " Offering ") from the sale of the following:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Walker Lane Resources Ltd. Notes Unusual Trading Activity and the Development of its New Website

Walker Lane Resources Ltd. Notes Unusual Trading Activity and the Development of its New Website

Walker Lane Resources Ltd. (TSX-V: WLR, "Walker Lane") announces that there has been unusual trading activity of its common shares that appeared to initiate on March 27, 2025 and appears to have occurred on each subsequent TSX-V trading day to current day. The recent stock trading activity does not reflect the health of our business or the recent significant value added assets to the property portfolio and adds to the previous undervaluation of the assets that were noted in a research report completed by Fundamental Research Corporation (see CMC Metals Ltd. press release - January 15, 2025). Management considers that some recent market transactions of its common shares could be an organized type of short selling tactic as we cannot determine any other explanation for the unusual downside trading activity.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
New Age Exploration Limited

Drilling Commences at Lammerlaw Gold and Antimony Project, NZ

New Age Exploration (ASX: NAE) (NAE or the Company) is pleased to announce the commencement of drilling at its Lammerlaw Project in New Zealand. The drill program is Phase 1 of a two-phase program to test nine high-priority targets identified through extensive geochemical surveys, geological mapping, and geophysical data interpretation.

Keep reading...Show less
Byron King, gold bars.

Byron King: Fear Trade in Play — Make Sure You've Got Gold, Silver

Byron King, editor at Paradigm Press, shares his thoughts on a wide array of hot topics, including gold's historic price rise, inflation and the ongoing tariff situation

In his view, it's more important than ever for investors to have hard assets in their portfolio.

Keep reading...Show less
Gold bars on financial charts and a notebook.

Top 5 ASX Gold Stocks of 2025

Gold has continued to perform exceptionally well in 2025 and even broke through the AU$5,000 per ounce mark for the first time on April 1, when it reached a new all-time high of AU$5,034.

Markets have experienced significant volatility since the start of US President Donald Trump’s term. Tariff threats have created unease among US allies attempting to avoid a full-scale trade war with the world’s largest economy.

The rising gold price also coincides with increasing tensions in the Middle East, where attacks against Iran-backed Houthis in Yemen have intensified. These and other circumstances have prompted investors to seek the safe haven of gold, leading the yellow metal to repeatedly hit new record-high prices throughout the year.

Keep reading...Show less
GMV Minerals (TSXV:GMV)

GMV Minerals Inc. Closes Non-Brokered Financing/ Engages Investor Relations Firm

GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce that it has closed a non-brokered private placement for gross proceeds of $675,000 from the issuance of 6,750,000 units (the "Units") at a price of $0.10 per Unit. The closing is subject to final approval by the TSX Venture Exchange.

Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.15 for a period of three (3) years after closing. No finder's fees were paid on the issuance.

Keep reading...Show less

Latest Press Releases

Related News

×