Montana Gold Mining Company has received funds for a non-brokered private placement financing totaling $60,000 and consisting of 1,200,000 units priced at $0.05 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.10. Proceeds from the private placement will be used for general working capital and administrative expenses.
Montana Gold Mining has entered into an option purchase agreement to acquire a 100% interest in a 2,480 acre mineral claim package located in the Dash Lake and Brooks Lake areas in the central part of the Rainy River Gold Camp, Ontario, approximately 90 kilometers southeast of the Town of Kenora, Ontario. This claim package will be called the "River Stage Property". The River Stage Property is surrounded by claims held by [...]
Montana Gold Mining has received approval of a revised exploration permit notice, valid for two years, from the US Bureau of Land Management on the Company's Golden Trail Project located in Elko County. The Permit includes 11 proposed drill sites that are situated along the largest identified vein, the Golden Trail Vein, which is over 1,200 meters long and has an associated alteration zone that averages 30 meters wide [...]
Montana Gold Mining has modified the expiry times of certain outstanding warrants of the Company and has received $47,500 toward a non-brokered private placement financing. The Company has modified the expiry times of certain outstanding warrants of the Company held by arm's length parties as follows: a. 2,000,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on April 24 24, 2016 are now exercisable until 5:00 [...]
Montana Gold Mining has modified the expiry times of certain outstanding warrants of the Company and has recently received $25,000 toward a non-brokered private placement financing. The Company has modified the expiry times of certain outstanding warrants of the Company held by arm's length parties as follows: a. 2,800,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on January 24, 2016 are now exercisable [...]
Montana Gold Mining reports that it has filed on SEDAR its interim financial statements and MD&A for the 9 months ended September 30, 2015. The financial situation of the Company was significantly improved in the last quarter by the directors and officers of the Company having all agreed to write off 100% of the accrued and unpaid fees and salaries owed to them by the Company. Accordingly the Company reversed US$501,612 [...]