Subscription Receipts and Convertible Bridge Loan Converted into Common Shares Mandalay Resources Corp. is pleased to announce that shareholders of the Company have approved the conversion of 359,400,000 subscription receipts into 359,400,000 common shares of the Company and the conversion of an US$8 million convertible bridge loan provided by an affiliate of CE Mining Fund III L.P. to the Company on February 20, 2019 [...]
Mandalay Resources Corp. announces that it has filed its Annual Information Form for the year ended December 31, 2018. The Annual Information Form can be accessed under the Company’s profile at www.sedar.com and on the Company’s website at www.mandalayresources.com/annual-information-forms/. Mandalay has also filed an updated National Instrument 43-101 compliant Technical Report documenting its recent work at [...]
Mandalay Resources Corp. today announced its audited financial results for the year-ended December 31, 2018. The Company’s consolidated financial results for the year ended December 31, 2018, together with its Management’s Discussion and Analysis for the corresponding period, can be accessed under the Company’s profile on www.sedar.com and on the Company’s website at www.mandalayresources.com. All [...]
Mandalay Resources Corp. today announced that its fourth quarter and full-year 2018 financial results will be released after market close on March 14, 2019, followed by a conference call with Dominic Duffy, President and Chief Executive Officer of Mandalay, for investors and analysts on March 15, 2019 at 8:00 am . Analysts and interested investors are invited to participate using the following dial-in numbers: Participant [...]
Mandalay Resources Corp. is pleased to announce an updated Mineral Resources and Reserves estimate for its Björkdal gold mine in Sweden as at December 31, 2018. The Company approximately replaced depletion for production at the Björkdal mine in 2018 while Measured and Indicated Mineral Resources for contained gold increased slightly. The Company maintains a 10-year mine life at Björkdal. Details of the [...]
Mandalay Resources Corp. announced today, further to its news releases dated February 11, 2019 and February 12, 2019, that the Company has completed its underwritten marketed public offering of subscription receipts at a price of C$0.12 per Subscription Receipt . A total of 359,400,000 Subscription Receipts were sold for gross proceeds of approximately C$43M , which included a partial exercise of the over-allotment [...]
Not for distribution to U.S. news wire services or dissemination in the United States. Mandalay Resources Corp. announced today that, in connection with its previously announced public offering of subscription receipts , it has entered into an underwriting agreement with a syndicate of underwriters led by BMO Capital Markets and including CIBC Capital Markets and HSBC Securities Inc. to sell 358,400,000 Subscription [...]
Not for distribution to U.S. news wire services or dissemination in the United States. Mandalay Resources Corp. announced today that it intends to raise up to approximately C$60 million by way of a financing transaction consisting of: a marketed public offering of up to approximately C$50M of subscription receipts ; and a US$8M convertible bridge loan from an affiliate of CE Mining Fund III L.P. , an investment fund [...]
Mandalay Resources Corp. announced today that it has filed its updated National Instrument 43-101 compliant technical report documenting its recent work at its Costerfield gold-antimony mine in Australia. This technical report can be accessed under the Company’s profile at www.sedar.com and www.mandalayresources.com. The Mineral Resource Estimate was carried out under the supervision of Danny Kentwell, FAusIMM, an [...]
Mandalay Resources Corp. today announced the results of an amended and restated Mineral Resources and Reserves estimate for its Costerfield gold-antimony mine in Victoria, Australia. On January 8, 2019, Mandalay announced an updated Mineral Reserves and Resources estimate for Costerfield, including a maiden Mineral Reserves estimate for the Youle lode. Subsequent to that announcement, Mandalay discovered that an error in [...]
Mandalay Resources Corp. announced today its production and sales results for the fourth quarter and full-year 2018. The Company also announced its production guidance for 2019-2021. In the fourth quarter of 2018, Mandalay produced a consolidated 19,173 saleable ounces of gold equivalent and sold 18,433 ounces of gold equivalent. For the full year ended December 31, 2018, Mandalay produced 81,568 saleable ounces of gold [...]
Mandalay Resources Corp. today announced its year-end 2018 Mineral Resources and Reserves estimation for its Costerfield gold-antimony mine in Victoria, Australia which includes the addition of the high-grade Youle lode. Net of depletion from production during the first eleven months of 2018, Proven and Probable Mineral Reserves for contained gold increased by 26% versus the year prior, while contained antimony decreased [...]
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