Goldflare Exploration Inc.

Typhoon Exploration Inc. is happy to announce that, at its Annual General Meeting held September 9th, its shareholders confirmed all members of its Interim Board of Directors. After the AGM, the directors decided their respective roles: Ghislain Morin: CEO Serge Roy: Chairman of the Board Yves Dufour: Director André Gauthier: Director The Company is also proud to announce that it acquired the "Syenite Condor" Property [...]

Typhoon Exploration Inc. announces that it will launch new exploration works on its Aiguebelle-Goldfields Property, which it now solely owns. The main drilled gold occurrence on Typhoon's ground is located approximately 200 metres westward from the Fayolle Property, for which Monarch Gold Corporation recently released preliminary drill results of 3.33 grams per tonne over 109 metres . Subsequently, on June 1st, Monarch [...]

Typhoon Exploration announces the following changes the information circular issued for its Annual general meeting to be held on September 9th. The Company has decided to: Lower the salaries of Mr. Ghislain Morin and Mr. Serge Roy by 50%, for the duration of one year starting September 1, 2020; Lower by 50% the provisions of Mr. Morin's and Mr. Roy's employment contracts; Cancel the purchase of a property belonging to [...]

Typhoon Exploration finalized an agreement with Agnico Eagle Mines Limited to acquire its residual interest in the Fay West Property. In exchange, Typhoon will pay $25,000 in cash; issue 500,000 common shares; and grant a 2% net smelter return royalty on the Fay West Property. With this agreement, which is conditional to the TSX Venture Exchange's approval, Typhoon now controls 100% of the Fay West Property. SOURCE [...]

Typhoon Exploration announces that it has filed its Circular in connection with the Annual General and Special meeting of its shareholders to be held on September 9, 2020. The Circular is available under the Company's profile on SEDAR. In the Circular, one of the items to be presented at the Meeting is the proposition by Typhoon to consolidate its issued and outstanding common shares on the basis of one post-consolidation [...]

Typhoon Exploration Inc. is pleased to present a financial update for the Company's period ending July 28, 2020. On July 28, the Company filed financial statements, which indicate cash on hand of $958,299 along with $269,136 reserved for exploration, totalling $1,227,435. In addition, the Company holds 2,266,000 shares of Monarch Gold Corporation Inc. with a deemed value of $1,246,666 at close of trading July 31, 2020 [...]

Typhoon Exploration Inc. is proud to announce a private placement of $190,000. The private placement consists of issuance of 3,800,000 shares at a price of $0.05 per share with 3,800,000 share purchase warrants. Each share purchase warrant shall entitle its holder thereof to acquire one additional common share of Typhoon at a price of $0.075 for a period of 12 months from the closing date. No commission will be paid for [...]

Typhoon Exploration Inc. is proud to announce the arrival of a new experienced director on its team. Mr. André Gauthier will replace Léo Patry, who recently left Typhoon's Board of Directors. Typhoon wishes to thank Mr. Patry for his years of services to Typhoon. Having been involved in the development of the James Bay project, one of Quebec's largest construction projects, and having worked as a Project Manager and [...]

Typhoon Exploration Inc. announces the reduction of its operation expenses for the duration of the COVID-19 pandemic. The COVID-19 pandemic has reduced public companies' financing, and Typhoon is no exception. Even if Typhoon maintains a good current ratio, its Board of Directors has decided to reduce the company's operation and exploration expenses for the duration of the pandemic. Starting May 1st, Typhoon will protect [...]

Typhoon Exploration Inc. is proud to announce the acquisition of new properties in the Nord-du-Québec region, on the Eeyou Istchee Baie-James territory. This acquisition is subject to the approval of non-related shareholders, since Typhoon hasn’t provided a price justification for this acquisition between Non-Arm’s Length parties. The approval of this acquisition will be submitted to the shareholders at the annual general [...]