Providence Insider Closes First Financing Tranche

(TheNewswire)

Providence Gold Mines Inc.

December 6, 2024 TheNewswire - Providence Gold Mines Inc. ( TSX-V PHD ) (OTC-PINKS: PRRVF) (FRANKFURT EXCHANGE 7RH1=F) ("the Company"), is pleased to announce further to the November 20,2024 news release an insider officer and director has completed a private placement in the amount of $75,000 Cdn for 1,500,000 units at $0.05 per unit. Each unit comprises of one common share and one non-transferable warrant exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of approval of closing. The funds will be used for general purposes.

As announced, a placement of up to $1,800,000 Cdn for 36,000,000 units at $0.05 per unit is now underway. Each unit will comprise of one common share and one non-transferable warrant, exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of closing.

USE OF PROCEEDS

The funds from this placement will be used for evaluation of the new gold surface discovery reported for reference on May 6,2024 and for a significant drilling program of up to 2500m designed to target the historical McCarthy and Mexican shafts  and as well as an area north of  the Mexican  shaft where  significant ground preparation  provides a favorable structural setting for hanging wall splay veins analogous to the historical "Bonanza" stope  at the Providence mine first stope at surface alone produced 50,000 ounces. Ron Coombes states, "exploration efforts have modelled potential for robust significant high grade gold targets".

All securities issued will be subject to a hold period of four months and one day from the closing date of the private placement, in accordance with applicable Canadian securities laws.

Qualified Person

Lee Groat Ph.D., P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved of the technical information contained in this news release.

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

ON BEHALF OF THE BOARD

"Ronald Coombes"

Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Ronald Coombes

Mobile: 1- 604- 724-2369

rcoombesresources@gmail.com

Copyright (c) 2024 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

PHD:CC
The Conversation (0)
Sarama Resources

Sarama Resources Consolidates Position in Western Australian Goldfields

Agreement Executed for Acquisition of Majority Interest(1) in Belt-Scale Mt Venn Project

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to advise that it has executed a non-binding Heads of Agreement (the “HoA”) with Orbminco Limited (“Orbminco”) (ASX: OB1), an arm’s length third party, to acquire a majority(1) and controlling interest(1) in the under- explored, belt-scale 420km² Mt Venn Project (the “Project”)(2), located in the Eastern Goldfields of Western Australia.

Keep reading...Show less
"Tariff" highlighted in pink.

Top Stories This Week: Gold Price Rises, Trump Talks Tariffs, Trudeau Resigns

Gold was on the rise during the first full week of the new year, with futures ending above US$2,715 per ounce.

The yellow metal is seeing support from a variety of factors, including turmoil related to incoming US President Donald Trump. CNN reported on Wednesday (January 8) that Trump is considering declaring a national economic emergency in order to legally justify a wide-ranging set of tariffs on both ally and adversary countries.

Trump's team hasn't confirmed this plan, but it would allow him to build a tariff program via the International Economic Emergency Powers Act (IEEPA), which gives the president the ability to manage imports during a national emergency.

Keep reading...Show less
Business handshake.

Lunnon Metals, Ngadju People Sign Mining Agreement for Kambalda Gold-Nickel Project

Lunnon Metals (ASX:LM8) said Thursday (January 9) that it has signed a mining agreement with Ngadju Native Title Aboriginal Corporation regarding the Kambalda gold-nickel project in Western Australia.

In a press release, the company said the agreement covers only relevant parts of the project. The conditions of the agreement have been discussed since June 2021, after Lunnon listed on the ASX.

“This agreement has taken over three years to finalise but embodies a shared commitment with the Ngadju people to progress our gold and nickel portfolio towards development and potential future production,” said Lunnon Managing Director Edmund Ainscough. He added that the deal covers procedures from exploration to production.

Keep reading...Show less
QUIMBAYA GOLD TO ATTEND THE 2025 VANCOUVER RESOURCE INVESTOR CONFERENCE

QUIMBAYA GOLD TO ATTEND THE 2025 VANCOUVER RESOURCE INVESTOR CONFERENCE

Quimbaya Gold Inc. (CSE: QIM) (" Quimbaya " or the " Company ") is pleased to announce its participation in the upcoming 2025 Vancouver Resource Investment Conference (the "VRIC") in Vancouver on January 19-20 2025 . VRIC, is a key event in the junior mining sector for 25 years and draws over 9,000 investors and 300 investment opportunities in the mining sector.

Quimbaya logo (CNW Group/Quimbaya Gold Inc.)

This conference presents an excellent opportunity for Quimbaya to expose early stage discovery investors to its three large scale claim packages in Antioquia, Colombia and to outline its exploration plans for 2025. The conference schedule includes tailored meetings that match investors with appropriate projects, supported by expert analyses and updates on the latest trends in the mining sector.

Investors interested in attending the VRIC can register here: https://cambridgehouse.com/vancouver-resource-investment-conference . Quimbaya invites attendees to visit us at Booth 704 where they will have the opportunity to engage directly with the Company's management team and learn more about Quimbaya's exploration activities.

"We're excited to join VRIC 2025, one of the premier events for investors and resource enthusiasts," said Alexandre P. Boivin President and CEO of Quimbaya Gold.  "This conference is our springboard into our most active year ever on our quest to make the next great gold discovery in one of the best gold rich districts on the planet."

About Quimbaya

Quimbaya is active in the exploration and acquisition of mining properties in the prolific mining districts of Colombia . Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Department, Colombia .

Quimbaya Gold Inc. 
Follow on X @quimbayagoldinc
Follow on LinkedIn @quimbayagold

Cautionary Statements

This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, statements regarding the completion of the Offering and the timing thereof, and the anticipated use of proceeds of the Offering are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "should" or "would" or occur. Forward-looking statements are based on certain material assumptions and analyses made by the Company and the opinions and estimates of management as of the date of this press release, including, but not limited to, that the Company will complete the Offering on the terms disclosed, that the Company will receive all necessary regulatory approvals for the Offering, that the Company will use the proceeds of the Offering as currently anticipated; and assumptions relating to the state of the financial markets for the Company's securities. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the Company may not be able to raise funds under the Offering, as currently anticipated, that the Company may fail to receive any required regulatory approvals for the Offering, that the Company will not use the proceeds of the Offering as anticipated, market volatility, unanticipated costs, changes in applicable regulations, and changes in the Company's business plans. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements 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 statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

SOURCE Quimbaya Gold Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/10/c6999.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

SAVE THE DATE: NOVAGOLD 2024 Year-End Report, Conference Call and Video Webcast

NOVAGOLD RESOURCES INC. ("NOVAGOLD" or "the Company" (NYSE American, TSX: NG) will release its 2024 year-end report before market open on January 23, 2025, followed by a conference call and video webcast to discuss these results at 8:00 am PT (9:00 am MT11:00 am ET).

During the webcast, NOVAGOLD's President and Chief Executive Officer, Greg Lang; and Vice President and Chief Financial Officer, Peter Adamek, will provide a summary of the company's year-end financial results and an update on the Donlin Gold project.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

SAVE THE DATE: NOVAGOLD 2024 Year-End Report, Conference Call and Video Webcast

NOVAGOLD RESOURCES INC. ("NOVAGOLD" or "the Company" (NYSE American, TSX: NG) will release its 2024 year-end report before market open on January 23, 2025, followed by a conference call and video webcast to discuss these results at 8:00 am PT (9:00 am MT11:00 am ET).

During the webcast, NOVAGOLD's President and Chief Executive Officer, Greg Lang; and Vice President and Chief Financial Officer, Peter Adamek, will provide a summary of the company's year-end financial results and an update on the Donlin Gold project.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×