Power Metallic Mines Inc.

Chilean Metals Inc. The TSX Venture Exchange has not approved the closing of the transaction and the financing is subject to the review and approval of the TSX Venture Exchange. Chilean Metals has closed as of today subscriptions and funds totaling $1,636,390 dollars. Of which, $1,171,590 was received under the $0.12 hard-dollar Unit financing which provided investors a share and a share purchase warrant. The warrant and [...]

Chilean Metals Inc. has entered into an option to acquire the Economy East Exploration License which consists of 12 claims. Economy East is located 8km west of our Trident Prospect in the Cobequid Highlands and is considered prospective for IOCG-Cobalt style mineralisation. Click Image To View Full Size In consideration for the Option, the CMX shall pay the Optionor as follows: a cash payment of $12,000 to be paid within [...]

Chilean Metals has contracted Precision GeoSurveys to conduct detailed Magnetics and Radiometrics surveys over three of the Company properties in the Cobequid Highlands including over the recently acquired Trident Prospect at Bass River. This will be followed by IP surveys over the areas defined by interpretation of the Magnetics and Radiometrics to be high priority areas of interest for Cobalt and Base metals. Click [...]

Chilean Metals has received subscriptions and funds totaling approximately $1.65 million dollars. Approximately $1,185,000 was received under the $0.12 Unit financing which provided investors a share and a share purchase warrant. The warrant and $0.18 will entitle investors to acquire a common share at anytime over the next five years. An additional $465,000 of flow through units was sold. The Unit price was $0.16 which [...]

Chilean Metals Inc. "We are very pleased to announce that we have commenced drilling on our Bass River project at the Castlereagh prospect. The target is a large electromagnetic anomaly that was identified first through VTEM and then recently refined by Minotaur Exploration Ltd.'s analysis of the ground Pulse Electro-Magnetic data collected by Clearview Geophysics Ltd" commented Chilean Metals President Mick Sharry. As [...]

Chilean Metals announced today that Mick Sharry has been appointed to the board of directors of Chilean Metals. Mick has over twenty years experience in Australia, Asia, South America and the Caribbean. He has also been involved in detailed project reviews in Europe, Africa and North America. He is an Explorationist with strong technical, management, commercial, interpersonal, stakeholder relations and safety management [...]

Chilean Metals has announced plans to raise additional capital to finance exploration on its Bass River projects and additional projects in Nova Scotia and for general working capital requirements. Chilean will offer both traditional and Flow-through equity. The traditional equity will be offered via the sale of up to 12,500,000 units @ $0.12 per unit for maximum gross proceeds of $1,500,000. Each Unit will consist of one [...]

Chilean Metals has entered into an option with Elk Exploration Ltd. to acquire 3 Licenses containing 720 acres representing the balance of land located within our Bass River concessions as outlined in the photo below. Click Image To View Full Size In consideration for the Option, the CMX shall pay the Optionor as follows: a cash payment of $12,000 to be paid within 10 working days of receiving TSX Venture Exchange [...]

Chilean Metalshas approved a 4:1 rollback of its common stock and intends to apply to the TSXV immediately to approve the consolidation. Under the Company's Articles and the Business Corporations Act, the board of directors may approve a consolidation. The Company presently has 85,675,655 shares outstanding which will consolidate into approximately 21,418,913 post-consolidation common shares. The Company will require a [...]

Chilean Metals Inc.. . Toronto based Chilean Metals Inc. announced today that Patrick Cruickshank and Gary Lohman have resigned their respective positions as the Company's Chief Executive Officer and VP Exploration with effect on February 28, 2018 in order to focus their attention on other mineral interests in Nova Scotia, in particular the cobequid fault projects in the area. Mr. Cruickshank and Mr. Lohman will remain as [...]