Otterburn Resources is pleased to announce that K92 Holdings International has received notification from Barrick Gold that the Kainantu Mine mining lease renewals sought by Barrick's wholly owned subsidiary Barrick Kainantu have been obtained. With the mining leases now renewed for 10 years from June 14, 2014, as per BKL's application to the Mineral Resource Authority (MRA) of Papua New Guinea, and with all required cash [...]
Otterburn Resources is pleased to announce that the Company and K92 Holdings International have signed a termsheet for a US$15,000,000 Senior Secured Gold Loan Facility with Auramet International. The Facility relates to the Company's intended purchase of K92 which holds rights to acquire the Kainantu gold and copper project in Papua New Guinea (see Otterburn's news release dated August 25, 2014 describing a share [...]
Otterburn is pleased to announce that K92 Holdings International Ltd. ("K92") has proposed Mr. Mark Eaton as a Director of the Company post completion of the share purchase agreement through which the Company acquires all of the outstanding shares of K92. Mr. Eaton is a graduate from Hull University, England and is an experienced investment professional with over 20 years of experience in equity capital markets [...]
Otterburn is pleased to announce the appointment of Mr. Douglas J. Kirwin, B.Sc., M.Sc., FSEG as an Advisor to K92 Holdings Internationa. See the Company's news release dated August 25, 2014 describing Otterburn signing a share exchange agreement whereby Otterburn will acquire all shares of K92 Holdings in exchange for common shares of the Company. Mr. Kirwin is an independent geologist with 45 years of international [...]
Otterburn Resources provides the following update to its news release of August 25, 2014, wherein it announced its proposed RTO and private placement for a minimum of $10,000,000 through the issuance of 20,000,000 common shares at $0.50 per common share involving the acquisition of K92 Holdings International. As the Private Placement will be raised in advance of closing the RTO, Otterburn has revised the terms of the [...]
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