Aranjin Resources Ltd. is pleased to provide an update on recent and upcoming developments at the Company. With the successful completion of the upsized recent private placement, the Company is pleased to announce the conversion of outstanding debentures and settlement of outstanding debt to simplify the balance sheet. This will reduce the debt burden and allow investment capital to be directed to our exciting exploration [...]
Aranjin Resources Ltd. announces that it has completed its previously announced non-brokered private placement of 53,782,668 units of the Company at a price of $0.02 per Unit, for aggregate gross proceeds of approximately $1,075,653 . Each Unit consists of one common share of the Company and one common share purchase warrant . Each Warrant will be exercisable for one Share at a price of $0.05 per Share for a period of 24 [...]
Aranjin Resources Ltd. is pleased to announce that due to interest from potential investors its previously announced non-brokered private placement has been increased by $100,000 to up to an aggregate total of 55,000,000 units of the Company at an offering price of $0.02 per unit, for gross proceeds of up to $1,100,000 . Each Unit will comprise one common share of the Company and one common share purchase warrant, with [...]
Aranjin Resources Ltd. , is pleased to announce a non-brokered private placement of up to $1,000,000 through the sale of units of the Company at a price of $0.02 per Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant with each warrant exercisable for one common share at a price of $0.05 per share for a period of 24 months from closing. The proceeds of the Private [...]
Aranjin Resources Ltd. provides a shareholder update on its Mongolian projects. The Company had a relatively quiet fourth quarter in 2022 as it considered plans for an active drilling campaign in 2023 and it has been speaking to existing shareholders and strategic investors concerning potential capital solutions for the upcoming year. As foreshadowed in the press releases during 2022, the focus of the Company has now [...]
Aranjin Resources Ltd. is very pleased to announce that it has completed an initial program of follow up auger geochemical drilling at the Baavhai Uul Copper Project in southern Mongolia in which it holds an 80% interest. This work has highlighted a significant copper nickel discovery at the "Victory Copper Nickel Discovery" under very shallow alluvial cover. Highlights 814 auger geochemical drill holes completed with [...]
Aranjin Resources Ltd. announces that the Company will be extending the maturity date of the $1,814,400 principal amount unsecured convertible debenture issued on August 10, 2021, and convertible into common shares of the Company at a price of $0.055 per share. The Debenture was issued pursuant to a private placement which closed on August 10, 2021. The Company proposes to extend the maturity date by one year, and [...]
Aranjin Resources Ltd. is very pleased to announce that it has commenced an extensive program of follow up auger geochemical drilling at the new Baavhai Uul Copper Nickel Discovery, further to the recently announced reciprocal exploration agreement with ION Energy. Highlights Exploration programs underway with follow up auger geochemical drilling confirming and further highlighting the copper nickel discoveries. Up to [...]
Aranjin Resources Ltd. is very pleased to announce that the TSX Venture Exchange has approved the previously announced agreement between ION Energy Ltd. and Aranjin whereby the parties granted one another reciprocal exploration rights on their respective exploration licences within Mongolia. Both ION and Aranjin will leverage one another's expertise in their respective metals, with Aranjin being granted a right to explore [...]
Aranjin Resources Ltd. is very pleased to announce that it has have entered into a term sheet agreement which sets out the terms for an exploration joint venture with ION Energy Ltd . The Joint Venture will consist of both Parties granting one another reciprocal exploration rights on their respective exploration licences within Mongolia. Both ION and Aranjin will leverage one another's expertise in their respective [...]
Aranjin Resources Ltd. is very pleased to announce results from the recent drilling at the Sharga Copper Project . Highlights: First drilling program completed with results now received for all drill holes and Phase 2 follow up drilling planned. Highly encouraging early results from six initial drill holes with a best result of 15.4 meters at 1.33% Copper and 0.94g.t Gold. Wide zones of VMS style mineralization up to 100 [...]
Aranjin Resources Ltd. is pleased to announce the closing of the acquisition of the Sharga Copper Project . The Company has acquired the Project through the purchase of all of the issued and outstanding equity interests in the Mongolian company that is the 100% owner of the Sharga Project. As consideration for the acquisition, the Company paid a total of US$1.5 million in cash in instalments and obligated issue 30 million [...]
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