Loncor Resources Inc. is pleased to provide an update on its activities within the Ngayu Greenstone Belt, where the Company has a dominant foot-print through its joint venture with Barrick Gold SARL and on its own majority-owned prospecting licences and exploitation concessions. The Ngayu Archean Greenstone Belt of northeastern Democratic Republic of the Congo is geologically similar to the belts which host the world [...]
Loncor Resources Inc. , a Canadian gold exploration company with significant projects in the Democratic Republic of the Congo, is pleased to announce a non-brokered private placement of up to 6,000,000 common shares of the Company at a price of Cdn$0.40 per Offered Share for gross proceeds of up to Cdn$2,400,000. Closing of this financing is subject to receipt of all necessary approvals, including board and Toronto Stock [...]
Loncor Resources Inc. , a Canadian gold exploration company with significant projects in the Democratic Republic of the Congo , is pleased to provide an update on exploration activities undertaken by Barrick Gold Corporation SARL) on Loncor’s Ngayu Joint Venture Project in northeastern DRC. Recent exploration has focussed on the major Imva fold structure where a number of drill targets have been developed. Drilling [...]
Loncor Resources Inc. , a Canadian gold exploration company with significant projects in the Democratic Republic of the Congo and which is supported by Barrick Gold Corporation as joint venture partner and a second major gold producer, Resolute Mining Limited , as a 27% shareholder, is pleased to announce the appointment of Peter Cowley as President of the Company and Minecon Resources and Services Limited as geological [...]
Loncor Resources Inc. announces that it has closed the transactions provided for by the agreement entered into by the Company with Resolute Pty Ltd, Kilo Goldmines Ltd. and Kilo Goldmines Inc. and announced in the Company’s September 12, 2019 press release. As a result of these transactions, Kilo Inc. is now a wholly-owned subsidiary of Loncor, such that Loncor now holds, through Kilo Inc., Kilo Inc.’s mineral [...]
Loncor Resources Inc. announces the terms of the share consolidation that was authorized by the Company’s shareholders at the annual and special meeting of shareholders held on June 27, 2019 . At the AGM, shareholders authorized the board of directors of the Company , at any time up to one year following the date of the AGM, to implement a consolidation of the outstanding common shares of the Company at a ratio of [...]
Loncor Resources Inc. announces that it has entered into an agreement with Resolute Pty Ltd , Kilo Goldmines Ltd. and Kilo Goldmines Inc. to consolidate ground in the Ngayu gold belt in northeastern Democratic Republic of the Congo . The Agreement provides as follows: Resolute will assign to Loncor for nominal consideration all of Resolute’s rights under a secured cash advance facility which Resolute had made [...]
Loncor Resources Inc. is pleased to announce that Zhengquan Chen has been appointed a director of the Company. Mr. Chen is Managing Partner of Dynaco Capital Inc., a Toronto-based financial advisory firm. He has participated in several significant transactions between Chinese SOEs and TSX-listed mineral companies in the past two decades. Mr. Chen holds an EMBA degree , LL.M degree and B.Sc. degree . About Loncor Resources [...]
Loncor Resources Inc. announces that the three nominees listed in the Company’s management information circular for the annual and special meeting of shareholders of the Company held on Thursday, June 27, 2019 were elected at the Meeting as directors of Loncor. The vote was conducted by a show of hands. The detailed results of the votes received by proxy are set out below: Votes by Proxy Name Votes For % Votes For [...]
Loncor Resources Inc. is pleased to provide an update on exploration activities undertaken by Barrick Gold SARL on Loncor’s Archean greenstone Ngayu gold project in northeastern Democratic Republic of the Congo . Such activities are being carried out as part of the joint venture agreement between Barrick and Loncor. The Ngayu Archean greenstone belt is 200 kilometres southwest of the Kibali gold mine, which is [...]
Loncor Resources Inc. announces that it has applied to the Toronto Stock Exchange to extend the term of a total of 750,000 common share purchase warrants of the Company . These Warrants were issued as part of a private placement of securities of the Company which closed on February 28, 2017. Each of these Warrants entitles the holder to purchase one common share of the Company at a price of Cdn$0.18, and currently has an [...]
Loncor Resources Inc. announces that it has applied to the Toronto Stock Exchange to extend the term of a total of 2,000,000 common share purchase warrants of the Company . These Warrants were issued as part of a private placement of securities of the Company which closed on February 3, 2017. Each of these Warrants entitles the holder to purchase one common share of the Company at a price of Cdn$0.18, and currently has an [...]
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