Private Placement

(TheNewswire)

Peloton Minerals Corporation

May 24, 2024 TheNewswire London, Ontario Peloton Minerals Corporation ("PMC" or the "Company") (CSE Symbol: PMC; OTCQB Symbol: PMCCF) intends to close a private placement of units priced at CDN$0.09 per unit for minimum total proceeds of $600,000. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.12. The proceeds of the Private Placement will be used for lithium exploration in northern Nevada and working capital.

The Private Placement will be conducted in reliance upon certain prospectus exemptions, including the exemption allowing issuers to raise capital by distributing securities to existing shareholders (the "Existing Shareholder Exemption") contained in OSC Rule 45-501 (2.9) and the various corresponding blanket orders and rules of participating jurisdictions (with the exception of Newfoundland and Labrador) as well as other available prospectus exemptions, including sales to accredited investors and close personal friends and business associates of directors and officers of the Company. The Company has set May 24, 2024, as the record date for the purpose of determining existing shareholders entitled to purchase Shares pursuant to the Existing Shareholder Exemption.

The securities issued in connection with the Private Placement are subject to a hold period expiring four months and one day from the issuance of the securities.

For further information please contact:

Edward (Ted) Ellwood, MBA

President & CEO 1-519-964-2836

Peloton Minerals Corporation is a reporting issuer in good standing in the Provinces of British Columbia and Ontario whose common shares are listed on the CSE (Symbol: PMC) and trade in the U.S. on the OTC QB (Symbol: PMCCF) . There are 125,237,398 common shares issued and outstanding in the capital of the Company before the closing of the placement described above.

Peloton's exploration portfolio includes the North Elko Lithium Project, as well as a gold exploration project on the Carlin Trend, Nevada, a past producing gold project in Montana under option to a JV partner, and a non-controlling interest in a copper porphyry project near Butte, Montana.

CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook.

Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

Copyright (c) 2024 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

PMC:CNX
The Conversation (0)

Peloton Commences Summer Lithium Exploration Program in Northern Nevada & Oversubscribes Financing

(TheNewswire)

Peloton Minerals Corporation

June 3, 2024 TheNewswire - London, Ontario Peloton Minerals Corporation ("Peloton" or the "Company") (CSE Symbol: PMC; OTCQB Symbol: PMCCF) is pleased to announce that it:

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Extension of Warrant Expiry Date

(TheNewswire)

Peloton Minerals Corporation

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
CSE:PMC

Peloton Advances All Four Gold Exploration Projects in 2019 and Announces Recommendations for Follow-up Exploration in 2020

Peloton Minerals Corporation (“Peloton” or the “Company”) (CSE:PMC, OTC:PMCFF) advanced all four of the Company’s gold exploration projects during 2019 and all four projects are recommended for follow-up exploration programs in 2020.

Three of the projects are located in Elko County, Nevada and one project is in the Virginia City Mining District, Montana with the 2019 exploration results and 2020 plans provided in alphabetical order of the project as below.

Keep reading...Show less
CSE:PMC

Peloton CEO: We’re Solely Focused on Exploration at All Four Gold Properties

Peloton Minerals Corporation (CSE:PMC,OTC:PMCCF) CEO Edward (Ted) Ellwood joined Metals News to discuss the company’s decision to focus solely on the exploration stage of a mine’s life cycle. The company intends to focus on its four gold projects in the US. Peloton is a junior exploration company with four projects in the US, three of which are located in the mining-friendly jurisdiction of Nevada and one in Montana. According to Ellwood, the company has “made the conscious decision to focus purely on the exploration part of the mine life cycle,” as it can take 15 years or longer to bring a mine into production.

Keep reading...Show less
CSE:PMC

Peloton Warrant Extension

Peloton Minerals Corporation (“PMC” or the “Company”) (CSE:PMC, OTC:PMCCF) has modified the expiry time of certain outstanding warrants of the Company held by previous private placement investors as follows:

    1. a.3,636,364 warrants exercisable at a price of CDN$0.10 until 5:00 pm on December 21, 2019 are now exercisable until 5:00 pm on December 21, 2021;
    2. b.886,667 warrants exercisable at a price of CDN$0.125 until 5:00 pm on December 29, 2019 are now exercisable until 5:00 pm on December 29, 2021.

For further information please contact:

Keep reading...Show less

B2Gold Announces Voting Results from its 2024 Annual General and Special Meeting

B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the "Meeting") held on Thursday, June 20, 2024. A total of 845,972,994 common shares were voted at the Meeting, representing 64.75% of the votes attached to all outstanding common shares.

Shareholders voted overwhelmingly in favour of all items of business before the Meeting. The eight director nominees listed in B2Gold's Management Information Circular (the "Circular") dated May 8, 2024, were elected as directors of B2Gold to hold office for the ensuing year or until their successors are elected or appointed. Detailed results of the vote for each director are set out below:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Heritage Mining

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

Heritage Mining Ltd. (CSE: HML) (“Heritage ” or the “Company ”) is pleased to announce that it has closed the first tranche (“Tranche One ”) of its non-brokered private placement financing previously announced on June 12, 2024 (the “Offering ”).

The Company raised an aggregate of $593,003.96 pursuant to Tranche One, of which $362,000.00 was raised on the issuance of 7,240,000 units (“Units ”) and $231,003.96 was raised on the issuance of 3,850,066 flow-through units (“FT Units ”). Each Unit was issued at a price per Unit of $0.05 and is comprised of one common share in the capital of the Company (“Common Share ”) and one Common Share purchase warrant entitling the holder to acquire one Common Share for a period of 36 months at an exercise price of $0.075 (“Warrant ”). Each FT Unit was issued at a price of $0.06 and is comprised of one Common Share which will qualify as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act (Canada) and one Warrant.

Keep reading...Show less
Gold bars stacked in ascending order.

29 Percent of Central Banks Plan to Buy Gold in the Next Year

Central bank gold purchases have been an important story for the precious metal over the last several years, providing critical support as the gold price has soared to record levels.

The World Gold Council (WGC) released its latest survey on central bank gold reserves on Tuesday (June 18), indicating that 29 percent of central banks intend to increase their gold holdings over the next year.

The survey was conducted this year between February 19 and April 30, and includes responses from 70 central banks.

Keep reading...Show less

B2Gold Announces Sale of C$139 Million of Calibre Mining Shares

B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") announces that it has sold an aggregate 79,000,000 common shares of Calibre Mining Corp. ("Calibre") in the ordinary course for investment purposes by way of a block trade (the "Transaction") for aggregate gross proceeds of C$139.04 million.

B2Gold will be filing an early warning report under National Instrument 62-103 in connection with the sale of the Calibre shares, a copy of which will be available under Calibre's profile on SEDAR+ at www.sedarplus.com .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

NOVAGOLD Welcomes Peter Adamek as New Chief Financial Officer

NOVAGOLD RESOURCES INC. ("NOVAGOLD" or the "Company") (NYSE American, TSX: NG) is pleased to announce the appointment of Peter Adamek as Vice President and Chief Financial Officer (CFO) of the Company effective July 15, 2024. The appointment of Mr. Adamek comes following the retirement of NOVAGOLD's long-serving CFO, David Ottewell, capping off a successful career in the mining sector. Mr. Ottewell will stay on until July 15, 2024 to ensure a seamless transition.

"On behalf of NOVAGOLD, I wish to extend my sincere gratitude to David for his loyalty to the Company over the last 12 years," said Greg Lang, President and Chief Executive Officer. "David has been instrumental in developing our finance strategy, building our finance team, and maintaining a strong balance sheet during his tenure — positioning the Company to continue to advance Donlin Gold up the value chain, while generating significant value for our stakeholders. David has been a valuable team member and a dear colleague over the years, and I thank him for his skillful leadership and remarkable contribution to our work. We wish him well in his retirement."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×