Soma Gold Corp. is pleased to announce the assays from the first 12 diamond drill holes, representing 3,306 m of the planned 15,000 m of drilling for 2020. The program was on the Northern extension of Cordero-Balvina Target, located on its El Bagre Mining Project, which is wholly owned by the Company. Highlights include: 3.05m at 18.98 g/t Au from 194.90 to 197.95 in BCNDDH_20_011, including 0.80m at 56.90 g/t Au 1.90m at [...]
Soma Gold Corp. is pleased to announce that it has closed the acquisition of 100% of the shares of Operadora Mineras S.A.S from Mineros, effective May 31, 2020. The payment of the first of US $1 million of the US $5.5 million purchase price, was made on May 29th. The second payment of US $4.5 million is due to Mineros by September 4, 2020. Soma has now assumed full operational control of Operadora. Acquisition Details [...]
Soma Gold Corp. is announcing that it will be delaying the filing and delivery of certain of its continuous disclosure documents, in accordance with BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements of the British Columbia Securities Commission which was adopted for the purpose of providing certain filing and other relief to issuers in light of the challenges posed by the COVID-19 [...]
Para Resources is pleased to announce that it has completed the previously announced share consolidation of one new share for every ten old shares and a concurrent name change to Soma Gold Corp., with a new trading symbol of TSXV:SOMA. The Company also announces that it has arranged a non-brokered private placement for total gross proceeds of up to C$3,000,000. The Company's name change to "Soma Gold Corp." and [...]
Para Resources announces that the Definitive Agreements executed on March 25th, 2020, with Mineros, S.A. a simplified stock corporation, organized and existing under the Laws of Colombia and the Mining Title of Nechi, the portion of the Mining Title of R57011 and certain other Assets has been amended as follows: Mineros shall transfer to Para 100% of the Shares and the Assets to the Company and the Company shall pay to [...]
Para Resources Inc. announces it has entered into Definitive Agreements with Mineros, S.A. to acquire 100% of its wholly owned subsidiary Operadora Mineras S.A.S. for US$5.5 million. Operadora owns 100% of the La Ye Gold Operations and associated mineral rights. During its due diligence enquiries Para was able to confirm, based on financial statements audited by Deloitte and Touche, Ltda, that the Operadora mine has been [...]
Para Resources Inc. announces that due to circumstances created by the COVID-19 pandemic, the British Columbia Securities Commission and other members of the Canadian Securities Administrators granted "Issuers" in the Canadian securities industry up to an additional 45 days, to complete year-end statutory filings. The Company does not believe that it will be able to file its December 31, 2019 audited annual financial [...]
Aura Minerals Inc. and Para Resources Inc. are pleased to announce that, further to the joint press releases issued by Aura and Para on February 10, 2020 and March 9, 2020, Aura completed the purchase of all of the issued and outstanding shares of Para's wholly-owned subsidiary Z79 Resources, Inc. on March 27, 2020. Z79 owns through Gold Road Mining Corp. the Gold Road Mine located in Arizona and various options to [...]
Also Announces Management Changes Para Resources Inc. announces that the focus will be on the Company's Colombia assets and other opportunities in South America. As such, the Company announces that Mr. Javier Cordova has been appointed by the Board of Directors to serve as the President & CEO of the Company. C. Geoffrey Hampson has resigned as the Chief Executive Officer, Ian Harris has resigned as the President and as a [...]
Para Resources Inc. is pleased to announce that Colombia Milling Ltd. a wholly owned subsidiary of the Company has entered into a binding letter of intent with Mineros, S.A. to acquire 100% of the shares of Operadora Mineras S.A.S. for US$5.5 million in cash. Photo - El Bagre Plant To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/3819/51318_fec1c57664b1caf5_001full.jpg The [...]
Para Resources Inc. is pleased to announce that it has arranged a non-brokered private placement for total gross proceeds of up to C$5,000,000. The Private Placement will consist of up to 50,000,000 units at a price of C$0.10 per unit . Each Unit is comprised of one common share of the Company and one common share purchase warrant . Each Warrant entitles the holder to acquire one common share of the Company for a period [...]
Dore production at Gold Road over 730 ounces of gold month-to-date With reference to today's press release, Para Resources Inc. announces the termination of the contract mining agreement with Clark Construction and the transition to self-operation of the mining operations of the Gold Road Mine. The company would like to clarify that the decision to self-operation and hence, the termination of the contract mining agreement [...]
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