Almadex Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors and officers of the Company to purchase an aggregate 628,000 common shares in the capital of the Company at an exercise price of $0.32 per share which expire on June 4, 2021. About Almadex Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of projects and [...]
Almadex Minerals Ltd. has entered into a secured gold loan agreement with Almaden Minerals Ltd. pursuant to which Almadex has agreed to loan up to 1,597 ounces of gold to Almaden. The approximate value of this gold is US$2 million. Under the terms of the Gold Loan, Almaden will be entitled to draw-down the gold in minimum 400 oz tranches. At any given time, the amount of gold ounces drawn multiplied by the London Bullion [...]
Almadex Minerals Ltd. is pleased to provide a further update on results from a prospecting level diamond drilling program in one part of the Yago project called Gallo de Oro where banded epithermal veins crop out at surface. Drilling in 2019 tested the new zone of epithermal veining at surface that was discovered while prospecting the area in 2018 . In 2019 four holes were drilled for a total of 793.09 metres. Hole [...]
Almadex Minerals Ltd. is pleased to announce that it has executed two non-binding Letters of Intent to option 60% of the Nicoamen and Merit properties to Independence Gold Corp. . Each LOI provides that, subject to completion of due diligence, and execution of final documentation by March 29, 2019, and approval of the TSX.V and Boards of Directors of the companies, Independence can acquire a 60% interest in the respective [...]
Almadex Minerals Ltd. is pleased to provide an update on its exploration activities and results from a prospecting level diamond drilling program in one part of the Yago project called Gallo de Oro where banded epithermal veins crop out at surface. Drill Plan Map with Geology Prospecting carried out during the drilling program identified a new zone of epithermal veining at surface, north-north-east of the area tested by [...]
Almadex Minerals Ltd. is pleased to provide an update on its exploration activities. Subsequent to the spinout of Almadex earlier this year the Company has reviewed its portfolio of exploration projects and has initiated various field work programs. The work conducted has included additional lithology and alteration geologic mapping, soil sampling and geophysical surveys all with the intention of defining specific targets [...]
Almadex Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors, employees and consultants of the Company to purchase an aggregate 2,932,200 common shares in the capital of the Company at an exercise price of $0.32 per share which expire on April 28, 2021. About Almadex Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting [...]
Almadex Minerals is pleased to announce that it has closed the previously announced statutory plan of arrangement under Section 288 of the Business Corporations Act to spin-out Old Almadex’s early stage exploration projects, royalty interests, and certain other assets into Almadex Minerals effective at 12:01 a.m. on May 18, 2018 . At the Effective Time, Old Almadex changed its name from Almadex Minerals Ltd. to [...]
Almadex Minerals is pleased to announce that shareholders at its Special Meeting of shareholders held today in Vancouver have voted 99.97% in favour of a special resolution approving a statutory plan of arrangement under Section 288 of the Business Corporations Act to spin-out Almadex’s early stage exploration projects, royalty interests, and certain other assets into 1154229 B.C. Ltd. as described in [...]
Almadex Minerals announces that, further to its news release dated February 26, 2018, the Company has mailed and filed its Notice of Special Meeting of Shareholders and the related Management Information Circular which describes, amongst other things, the proposed spin-out of Almadex’s early stage exploration projects, royalty interests and certain other assets, into a new public company . The Circular and other [...]
Almadex Minerals is pleased to announce that its Board of Directors has unanimously approved a strategic reorganization of its business. Almadex's early stage exploration projects, royalty interests and certain other non-core assets will be transferred to a newly incorporated company. Almadex shareholders will receive shares in Spinco in proportion to their shareholdings in Almadex . Spinco will hold the following key [...]
Almadex Minerals is pleased to announce it has received the final assay results from the final 2017 drill holes EC-17-043 and 044. The Raya Tembrillo area is the very northern part of the large Villa Rica Zone of the El Cobre property and is located approximately two kilometers south of the Norte Zone where most of the previous drilling since 2016 on the El Cobre property has been carried out. The Porvenir Zone is located [...]
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