IDM Mining is pleased to announce that it has closed its previously announced brokered private placement financing for gross proceeds of $2,776,140. The financing consisted of 2,098,000 flow-through units issued at a price of $0.31 per Flow-Through Unit, as well as 8,857,334 common units issued at a price of $0.24 per Common Unit. Each Unit will [...]
Revolution Resources is pleased to announce that the Company has signed an option agreement with Seabridge Gold to acquire a 100% interest in the high-grade Red Mountain Gold Project, located near Stewart, B.C. "It has been my ambition over the past 20 years to return to explore the Red Mountain Project near my hometown of Stewart, where I first [...]
Revolution Resources is pleased to announce that Michael McPhie has been appointed to the Board of Directors, and Jodie Gibson, P.Geo has been appointed as Vice-President of Exploration. "We are excited with the addition of Michael and Jodie," said Rob McLeod, President and CEO of Revolution. "Michael's financial and business acumen, coupled with [...]
Revolution Resources announces that the Company has applied to list the common shares of the Company on the TSX Venture Exchange utilizing the streamlined listing procedure available to issuers whose shares are listed on the TSX. If the Company's application is accepted, the transition to the TSX-V is anticipated to occur in January 2014 with no [...]
Revolution Resources is announcing the agreement to sell the Concepcion property to Minera Rio Tinto, S.A. DE C.V. is being terminated. As per the agreement, there was a 60 day due diligence period for each party, and both parties agreed they will not complete the agreement. Terms from the original agreement can be found in Revolution's news [...]
Revolution Resources is pleased to announce it has entered a definitive agreement to sell its 15% interest in the Storo Gold Project ("Storo"), located in Greenland to NunaMinerals A/S for $250,000. Revolution is selling the Company's interest in Storo in order to focus its attention on its wholly-owned core exploration properties in North Carolina [...]
Revolution Resources is pleased to report that the Company has completed the previously announced acquisition of 100% of Lake Shore Gold Corp.'s interests in the Mexico property portfolio, which consists of the Universo and Montana de Oro properties totaling over 400,000 hectares in two historic mining regions of Mexico. "We are pleased to have [...]
Revolution Resources is pleased to announce that all of the resolutions that shareholders were asked to consider at the Annual General Meeting held in Vancouver, BC on April 30, 2013, were approved, including the approval to issue 20,000,000 shares to Lake Shore Gold Corp. under the share and purchase agreement (pls refer to NR #1, dated January [...]
Revolution Resources is pleased to announce it has entered into an agreement to sell the Concepcion property, totaling 117 hectares to Minera Rio Tinto, S.A. DE C.V. for US$4,000,000. Concepcion is located within Revolution's 26,000 hectare Montana de Oro property, in Sonora State. Revolution's focus in Mexico is gold, silver and copper. Given that [...]
Revolution Resources is pleased to announce that it has closed a private placement financing of 7,965,428 units at a price of $0.07 per unit for gross proceeds of $557,579.96. Each unit is comprised of one common share and one-half of one share purchase warrant, where each whole warrant will entitle the holder to acquire one common share at a price [...]
Revolution Resources is pleased to report that the Company has entered into a purchase and sale agreementwith Lake Shore Gold to acquire 100% of Lake Shore Gold's interests in the Mexico property portfolio, which consists of the Universo property, Montana de Oro, La Bufa and Lluvia de Oro properties totaling over 400,000 hectares in two historic [...]
Revolution Resources is pleased to report assay results from shallow reconnaissance drilling at its La Bufa Property in southwestern Chihuahua, Mexico. Revolution's 18,000 hectare La Bufa Property is located 30 km east of Goldcorp's El Sauzal mine, and is centered on the historic Carmen copper-gold mine. The La Bufa property also includes the [...]