Typhoon Exploration Inc. announces the closing of the transaction with Monarch Gold Corporation to sell its interest of 50% in the Fayolle property. In exchange, Monarch will issue 3.4 million of its common shares to Typhoon, has paid an amount of $500,000 and will pay an additional $500,000 in less than five months and $150,000 in 12 months. The shares issued to Typhoon are subject to restrictions on their transfer for [...]
Typhoon Exploration Inc. announces the results of its annual and special shareholders meeting held July 19, 2019, in Laval, Québec. At the meeting, more than 44% of the shareholders of Typhoon voted at majority, more than 99%, for the election the directors proposed in the management proxy circular for that meeting, namely David Mc Donald, Paul Antaki, Léo Patry and David Secours. In the same way, the [...]
Typhoon Exploration Inc. announces the signature of a binding offer letter dated June 17, 2019 with Monarch Gold Corp. for the sale of all its interest in the Fayolle project for a consideration in cash and in shares of Monarch . Transaction The Transaction will constitute an arm’s length transaction within the meaning of applicable regulations and will be subject to a number of conditions precedent including [...]
Typhoon Exploration Inc. the Board of Directors has approved a grant of 1,940,000 stock options to its officers, directors, employees and consultants, under the company’s Stock Option Plan. Each stock option is exercisable at a price of $0.05 per share, for a period of 10 years. 28,2018 A non-brokered Private Placement has been closed on December 28,2018, by issuing a total of 1,886,620 flow-through common shares at [...]
Typhoon Exploration Inc. announces that it has completed a non-brokered Private Placement by issuing a total of 1,886,620 flow-through common shares at a price of $0.06 per share, 566,000 common shares at a price of $0,05 and 2,452,620 warrants, for total gross proceeds of CAD $141,500. The securities issued in the Private Placement are subject to a four-month-and-one-day hold period expiring on April 29, 2019, pursuant [...]
Typhoon Exploration Inc. announces that the Corporation continues to work on finding a new partner to acquire 100% of the Fayolle project. A letter of intent with Hecla Quebec Inc. , an affiliated company of Hecla Mining Company was signed on September 14, 2018 but at this time, Typhoon doesn’t have the financial resources to complete the transaction. $500,000 The company announces then preparation of a non-brokered [...]
LAVAL, Québec, Oct. 01, 2018 -- Typhoon Exploration Inc. announces the results of its Annual General Meeting, held September 28, 2018, in Laval, Quebec. At the meeting, the shareholders of the Company voted for the election as director of each of the 4 nominees listed in the Information Circular as well as for the appointment of Dallaire & Lapointe as Auditors of the Company. Mr. David Mc Donald has been elected as [...]
Typhoon Exploration Inc. announces the signature of a letter of intent with Hecla Quebec Inc. , an affiliated company of Hecla Mining Company Under the terms of this non-binding letter of intent dated September 14, 2018, Hecla agreed, on a non-binding basis to sell, and Typhoon agreed, on a non-binding basis, to buy Hecla’s 50% interest in the Fayolle property, as well as any and all the equipment, buildings and [...]
LAVAL, Quebec, April 05, 2018 -- Typhoon Exploration Inc. announces that a NI 43-101 Technical Report, will be filed on SEDAR. The entitled report: "Technical Report on the Monexco Property, McCorkill Township, Chibougamau, Quebec," concluded two years of exploration and evaluation works done on the property. Monexco Property, Chibougamau, Quebec THE MONEXCO PROPERTY Monexco is located about 30 Km North-East of the town [...]
LAVAL, Quebec, Jan. 30, 2018 -- Typhoon Exploration Inc. announce the signature of the following convention: Convention on the January 26, 2018 with Axe Exploration Inc. with the aim of the sale of the Ground situated in Rouyn-Noranda in return of a sum of $40,000 in cash. The transaction was approved by the independent directors of the company and its fence is subject to the approval of the TSX Venture Exchange. David Mc [...]
LAVAL, Quebec, Jan. 23, 2018 -- Typhoon Exploration Inc. is happy to welcome Mr. Serge Roy and Mr. Denis Amoroso as a member of its team and is convinced that they will be an integral part of the progress of the Company. The direction of Typhoon considers that year 2018 will bring of new development positive for the Company. The key properties will be actively explored. All the properties are located in a very accessible [...]
Typhoon Exploration Inc. announces that it has completed a non-brokered Private Placement by issuing a total of 2,610,000 flow-through common shares at a price of $0.06 per share, 290,058 common shares at a price of $0,06 and 2,900,058 warrants, for total gross proceeds of CAD$174,000. The securities issued in the Private Placement are subject to a four-month-and-one-day hold period expiring on April 16, 2018, pursuant to [...]
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