Patrick Sheridan announces that he has acquired ownership and control of 6,205,648 common shares of Sandy Lake Gold on September 16, 2016, representing approximately 10.1% of all issued and outstanding common shares of the Company as of such date. Upon completion of the transaction described above, the Acquirer owns and controls an aggregate of 6,268,148 common shares of the Company (the "Owned Shares"), representing [...]
Goldeye Explorations reports that it has notified Sandy Lake Gold that arbitration is required to address several issues in dispute regarding and arising from the Option Agreement between the parties. Despite Goldeye's efforts, a resolution without an arbitration process has not been achieved. Sandy Lake Gold has 20 days to respond to Goldeye's notice of arbitration after which arbitrators will be appointed. On behalf of [...]
TORONTO, ONTARIO--(Marketwired - Jul 27, 2016) - Sandy Lake Gold Inc. ("Sandy Lake") (TSX VENTURE:SDL) announces today that it has declared an event of force majeure under the option agreement between GPM Metals Inc. ("GPM") and Goldeye Explorations Ltd. dated April 15, 2015 relating to the property known as the Weebigee Project (the "Option Agreement"). GPM's rights under the Option Agreement were acquired by Sandy Lake [...]
Sandy Lake Gold and GPM Metals are pleased to announce that they have completed the previously announced acquisition by Sandy Lake from GPM of GPM's property interests in the Sandy Lake district, Northwestern Ontario. As consideration for the Acquisition, Sandy Lake issued an aggregate of 40,000,000 common shares to GPM. It is a condition of the Acquisition that GPM shall effect a distribution of the Consideration Shares [...]
Lago Dourado Minerals is pleased to announce that it has closed its previously announced non-brokered private placement pursuant to which it has issued 12,000,000 subscription receipts at a price of $0.10 per Subscription Receipt to raise aggregate gross proceeds of $1,200,000, effective June 14, 2016. Each Subscription Receipt entitles the holder to acquire one common share of the Company automatically without any [...]
Lago Dourado Minerals and GPM Metals are pleased to announce that they have entered into a definitive agreement governing the terms and conditions of the previously announced proposed acquisition by Lago from GPM of GPM's interests in the Sandy Lake district, Northwestern Ontario. A copy of the Definitive Agreement is available under the profiles of each of Lago and GPM on SEDAR. All other details of the Acquisition [...]
Lago Dourado Minerals is pleased to announce that it proposes to complete a non-brokered private placement pursuant to which it will issue up to 12,000,000 subscription receipts at a price of $0.10 per Subscription Receipt to raise aggregate gross proceeds of up to approximately $1,200,000. Each Subscription Receipt will entitle the holder to acquire one common share of the Company automatically without any additional [...]
GPM Metals and Lago Dourado Minerals wish to respond to an announcement made by Goldeye Explorations on April 22, 2016 regarding 1,412 claim units known as the "East Block" which were staked by GPM surrounding the property known as the Weebigee Project. The Weebigee Project is the subject of an option agreement between GPM and Goldeye, the terms of which are outlined in a press release of GPM dated April 15, 2015 [...]
Lago Dourado Minerals and GPM Metals are pleased to announce that they have agreed upon terms of the proposed acquisition by Lago from GPM of GPM's interests in the Sandy Lake district, Northwestern Ontario. These interests include a 100% interest in 1400 contiguous claim units known as the "East Block" as well as GPM's right to earn up to a 70% interest in the Weebigee Project, also known as the "Northwest" claim block [...]
Lago Dourado announces today that Marie-Josée Audet has been appointed to the position of Chief Financial Officer of the Company. Marie-Josée Audet, an employee of Marrelli Support Services Inc., is a Canadian Chartered Professional Accountant and has a Master of Business Administration with specialization in management of small and medium business. She has provided financial services primarily to junior exploration [...]
Lago Dourado announces that it has filed articles of amendment to consolidate the Company's issued and outstanding common shares on the basis of one (1) new common share for every ten (10) existing common shares, effective as of April 1, 2015. Shareholder approval of the Consolidation was obtained at the Company's annual and special meeting of shareholders held on December 11, 2014.
Lago Dourado Minerals announces Mr. Thomas Obradovich has resigned effective immediately from the Board of Directors in order to focus on a new opportunity. Mr. Obradovich will continue to assist the Company in a consultancy role. "The Company would like to thank Mr. Obradovich sincerely for his significant contributions to the Company since joining the Board in 2010. We look forward to continuing our working relationship [...]