Kerr Mines announces that it intends to issue up to 594,228,760 common shares pursuant to the terms of an arrangement agreement dated April 10, 2014 between Kerr Mines, American Bonanza Gold and a wholly-owned subsidiary of Kerr Mines. Pursuant to the terms and conditions of the Arrangement Agreement, Kerr Mines will acquire all of the issued and [...]
Kerr Mines and Bear Lake Gold are pleased to announce that Kerr Mines has acquired all of the issued and outstanding common shares of Bear Lake by way of plan of arrangement under the Business Corporations Act (Ontario). The Arrangement was approved by Kerr Mines shareholders by written consent, by Bear Lake shareholders at their shareholder [...]
Kerr Mines announces that it has completed its previously announced private placement of up to $5 million. In connection with the final tranche, the Company has issued 20 million common shares (the "Common Shares") of the Company at a price of $0.05 per Common Share for total aggregate proceeds of $1 million. The Company paid finders' fees equal to [...]
American Bonanza and Kerr Mines announce that they have entered into debt conversion agreements with various creditors, pursuant to which the parties have agreed to settle an aggregate of approximately $22.1 million of outstanding indebtedness owed by American Bonanza. American Bonanza will issue an aggregate of up to 886,790,228 common shares to [...]
Kerr Mines and American Bonanza Gold are pleased to announce that, further to their press releases of January 23, 2014 and April 7, 2014, the companies have entered into a definitive arrangement agreement dated as of April 10, 2014. Pursuant to the terms of the Arrangement Agreement, Kerr Mines each American Bonanza shareholder will be entitled to [...]
TORONTO, ONTARIO--(Marketwired - Apr 9, 2014) - Kerr Mines Inc. ("Kerr Mines") (TSX:KER) announces that it intends to issue 190,934,163 units (the "Units") pursuant to the terms of an arrangement agreement dated February 25, 2014 between Kerr Mines, Bear Lake Gold Ltd. ("Bear Lake") and a wholly-owned subsidiary of Kerr Mines (the "Arrangement [...]
Kerr Mines and American Bonanza Gold announce that further to their respective press releases of January 23, 2014, they confirm that negotiations are continuing with respect to a definitive agreement pursuant to which Kerr Mines and American Bonanza will merge their respective businesses pursuant to a plan of arrangement. The parties anticipate to [...]
TORONTO, ONTARIO--(Marketwired - Mar 27, 2014) - Kerr Mines Inc. (TSX:KER) (the "Company") announces the commencement of a 6,000-metre underground exploration drill program on the McGarry Deposit in Larder Lake. The Company has retained the services of Cabo Drilling of Kirkland Lake who have mobilized to site in Virginiatown, Ontario. The Company [...]
TORONTO, ONTARIO--(Marketwired - Mar 25, 2014) - Kerr Mines Inc. (TSX:KER) (the "Company") announces that further to its press release of March 3, 2014 announcing a proposed private placement of up to $5million (the "Offering"), it has completed the first tranche consisting of 42million common shares of the Company (the "Common Shares") at a price [...]
TORONTO, ONTARIO--(Marketwired - Mar 3, 2014) - Kerr Mines Inc. (TSX:KER) (the "Company") announces that it intends to complete a proposed private placement offering of up to 100,000,000 common shares of the Company at a price of $0.05 for gross proceeds of $5 million (the "Offering"). The Company will use the net proceeds from the Offering for [...]
Further to their January 24, 2014 news release, Kerr Mines and Bear Lake Gold are pleased to announce that they have entered into an arrangement agreement dated as of February 25. Under the terms of the Arrangement Agreement, Kerr Mines will issue 1.4 units of Kerr Mines in exchange for every one (1) common share of Bear Lake pursuant to a plan of [...]
Kerr Mines and Bear Lake Gold are pleased to announce that they have entered into a letter agreement to combine the two companies. Transaction Details: Under the terms of the letter agreement, Kerr Mines proposes to issue 1.4 units of Kerr Mines for every one (1) common share of Bear Lake. Each Unit will consist of one Kerr Mines share and one-half [...]