outback goldfields corp

Petratherm Limited Announces Filing of Early Warning Report Related to the Disposition of Common Shares of Outback Goldfields Corp.

Petratherm Limited (ASX: PTR) (“Petratherm”) announces that it has filed an early warning report (the “Report”) announcing that it has disposed of 33,333,333 common shares (the “Disposed Shares”) of Outback Goldfields Corp. (CSE:OZ) (formerly, Skarb Exploration Corp.) (“Outback Goldfields“). Petratherm acquired the Disposed Shares as consideration for the sale of its gold projects located in Victoria, Australia. Unless permitted under securities legislation, Petratherm must not trade the common shares before April 16, 2021. Following the expiry of this restriction period, Petratherm distributed all of the Disposed Shares in specie to its shareholders effective today. Following the disposition of the Disposed Shares, Petratherm holds nil shares of Outback Goldfields.

This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of the Report by Petratherm.

For further details relating to the disposition, please see the Report, a copy of which is available on Outback Goldfield’s profile on SEDAR at www.sedar.com.

For more information, please contact:
Simon O’Loughlin, Director
Petratherm Limited
Tel: +61 8 8111 4000

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/81403

News Provided by Newsfile via QuoteMedia

OZ:CC
The Conversation (0)
Outback Announces Signing of Definitive Agreement

Outback Announces Signing of Definitive Agreement

Outback Goldfields Corp. (TSXV: OZ) (OTC Pink: OZBKF) (the "Company" or "Outback") is pleased to announce that further to its press release dated March 1, 2024 the Company has entered into a definitive share purchase agreement with S2 Resources Ltd. and one of its subsidiaries (collectively, "S2") whereby Outback will acquire (the "Transaction") a subsidiary of S2 holding its prospective portfolio of gold projects in Finland. The consideration to be paid to S2 will consist of a $1,500,000 cash payment and the issuance of $5,500,000 in common shares of Outback (the "Consideration Shares"). The Transaction remains subject to, among other things, Outback completing the previously-announced $5,000,000 non-brokered private placement (the "Offering"). The Consideration Shares will be issued at deemed price equal to the price of the Offering.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Outback Goldfields Welcomes George Salamis as Strategic Advisor

Outback Goldfields Welcomes George Salamis as Strategic Advisor

Outback Goldfields Corp. (TSXV: OZ) (OTC Pink: OZBKF) (the "Company" or "Outback") is pleased to announce that, further to its announcement of the Letter of Intent to acquire S2 Resources' gold assets located in the Central Lapland district of Finland (see March 1, 2024 news release), Mr. George Salamis has agreed join Outback as a strategic and technical advisor.

Mr. Salamis offers a wealth of technical and strategic expertise in the Central Lapland district, having worked as Vice President of Riddarhyttan Resources AB and advancing what is now known as the Kittilä Mine until its sale to Agnico Eagle in 2006. The Kittila mine is Europe's largest producing gold mine, originally discovered by the Finish Geological Survey (GTK) in the late 1990's and then sold to Riddarhyttan as a small, shallow resource of less than 300,000 ounces of gold1. Riddarhyttan conducted extensive drilling and engineering studies on the project, growing it to over 2.8 million ounces of contained gold by 20041. Agnico went on to acquire Riddarhyttan in 2005 and since then, has identified over 7.9 million ounces of gold resources on the project1. In 2023, the Kittila mine produced 234,402 ounces of gold, and is expected to produce 230,000 ounces in 20242.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
OUTBACK ANNOUNCES $5 MILLION FINANCING

OUTBACK ANNOUNCES $5 MILLION FINANCING

 
 

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

 

  TSX.V: OZ  |  OTCQB: OZBKF |  FSE: S600  

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
OUTBACK ANNOUNCES ACQUISITION OF FINNISH GOLD PROJECT PORTFOLIO FROM S2 RESOURCES AND CONCURRENT $5 MILLION FINANCING

OUTBACK ANNOUNCES ACQUISITION OF FINNISH GOLD PROJECT PORTFOLIO FROM S2 RESOURCES AND CONCURRENT $5 MILLION FINANCING

 
 

  TSX.V: OZ   |   OTCQB: OZBKF   |   FSE: S600  

 

Outback Goldfields Corp . (the " Company " or " Outback ") (TSXV: OZ) (OTCQB: OZBKF) is pleased to announce that it has entered into a letter of intent dated February 16, 2024 (the Letter of Intent ") with S2 Resources Ltd. (" S2 ") to acquire all of S2's highly prospective portfolio of gold projects in Finland (the " S2 Finnish Projects "), by way of an acquisition (the " Transaction ") of S2's wholly-owned Finnish subsidiary, Sakumpu Exploration Oy (the " S2 Subsidiary "). On March 1, 2024 Outback notified S2 that it was satisfied with the results of its due diligence investigation, and the parties are now committed to proceeding with the Transaction subject to the terms and conditions set out in the Letter of Intent. Depending on the price and size of the Offering (as defined below), the Transaction may constitute a "Reverse Takeover" of Outback in accordance with Policy 5.2 Changes of Business and Reverse Takeover s of the TSX Venture Exchange (the " TSXV ").

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
OUTBACK GOLDFIELDS DEFINES MULTIPLE NEW GOLD TARGETS AT THE GLENFINE PROJECT, VICTORIA

OUTBACK GOLDFIELDS DEFINES MULTIPLE NEW GOLD TARGETS AT THE GLENFINE PROJECT, VICTORIA

 
 

  (TSX.V: OZ, OTCQB: OZBKF, FSE: S600)  

 

Outback Goldfields Corp . (the " Company " or " Outback ") (TSXV: OZ) (OTCQB: OZBKF) is pleased to provide an update on exploration activities across its Glenfine project in the heart of the Victorian goldfields of Australia .

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Quimbaya Gold (CSE:QIM)

Quimbaya Gold


Keep reading...Show less
Gold nuggets on dark ground.

Top 5 Junior Gold Mining Stocks on the TSXV in 2025

The gold price continued to surge to new record highs in the second quarter of the year, reaching an all-time high of C$4,663.85 per ounce, or US$3,433.47, on June 13.

The gains were primarily fueled by safe-haven investment as Israel and the United States launched attacks on Iranian nuclear sites and Iran retaliated against targets in Israel and a US base in Qatar. Although a ceasefire was announced, tensions in the region remain high.

Additional tailwinds come from the continuing uncertainty in global financial markets, stemming from shifting US trade policy and Donald Trump's ongoing, on-again-off-again tariff plans.

Keep reading...Show less
New Age Exploration

New Age Exploration

Keep reading...Show less

Latest Press Releases

Related News

×