Highlights Results from RC drilling confirm High Grade Gold Mineralisation at the Historic Pilot Shallow Open Pit Mine with intercepts of: - 5 metres @ 13.93 g/t within an overall intercept of - 8 metres @ 9.65g/t, and - 1 metre @ 19.14 g/t within an overall intercept of - 4 metres @ 7.51 g/t, and - 7 metres @ 5.69 g/t within an overall intercept of - 10 metres @ 4.21 g/t. Pilot - Phase 2 drill program targeting [...]
Altan Rio Minerals Ltd. announces that it has closed its previously announced private placement with European Bank for Reconstruction and Development. Pursuant to the Private Placement, the Company has issued to EBRD 16,666,000 common shares at $0.06 per share, for gross proceeds of $999,960. Following closing of the Private Placement EBRD holds 16,666,000 common shares of the Company, representing approximately 18.7% of [...]
Altan Rio Minerals Ltd. announces that it has now closed the debt settlement originally announced February 20, 2014. Pursuant to the settlement, the Company has issued a total of 20,346,555 common shares to settle debt in the total sum of $1,424,258.90 at a deemed price of $0.07 per share. Debt in the sum of $5,000 that was originally contemplated in the February 20, 2014 news release was not settled for shares, resulting [...]
Altan Rio Minerals Ltd. announces that it has reached agreement with a number of related party and non-related party creditors to settle debt in the total amount of CA$1,429,259 by the issuance of 20,417,983 common shares of the Company at a deemed price of $0.07 per share, a condition precedent of its private placement with the European Bank for Reconstruction and Development ("EBRD") originally announced January 8 [...]
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