Steppe Gold Ltd.

Steppe Gold Ltd. is pleased to announce that it has now successfully closed the previously announced US$3M convertible debenture financing with the Mongolian National Strategic Investment Fund PIF SPV. The proceeds from the debenture financing will be primarily used towards commencing gold production at its ATO Gold Mine. As of today, the Company has mined, crushed and stacked approximately 400,000 tonnes of ore on the [...]

Steppe Gold Ltd. is extremely pleased and proud to be the first company to receive funding from the Mongolian National Investment Fund PIF SPV. The fund has subscribed for a 12% two-year secured convertible debenture of the Company in the principal amount of US$3 million . The Mongolian National Investment Fund PIF SPV aims to finance high return projects that increase economic growth and provide a positive contribution [...]

Steppe Gold Ltd. is pleased to announce that it plans to complete a private placement offering of approximately 2,222,222 common shares of the Company at a price of C$0.90 per Common Share for aggregate gross proceeds of C$2,000,000 . The gross proceeds from the Offering will be used for further exploration and development of the Company's mineral properties in Mongolia, and for working capital and general corporate [...]

Steppe Gold Ltd. is extremely pleased to announce that the ATO Gold Mine is fully permitted and gold production is commencing. The Company has now mined, crushed and stacked approximately 300,000t of ore at a grade of 2.13g/t gold on the leach pad. The company’s mining, crushing and stacking program is ongoing. Full year production for 2020 is now envisaged to be approximately 60,000oz of gold. The Company will now push [...]

Mongolia Inc Limited LLC. , a private corporation incorporated in Mongolia and controlled by Bataa Tumur-Ochir, a director and officer of Steppe Gold Ltd. , announces that on October 28, 2019 it purchased US$2.5 million principal amount of 10% two-year unsecured debentures from Chinggis Khaan Bank . The US$2.5m principal amount of Debentures is convertible into 4,807,692 common shares of Steppe, at a price of US$0.52 per [...]

Steppe Gold Ltd. is pleased to announce that it has entered into an agreement to amend the terms of its existing gold stream with Triple Flag Mining Finance Bermuda Ltd. . Under the terms of the amendment Triple Flag Bermuda advanced an additional deposit of US$5 million to Steppe Gold, bringing the total amount advanced to Steppe Gold by Triple Flag Bermuda under the gold stream to US$28 million. The proceeds received [...]

Steppe Gold Ltd. is pleased to announce that following the approval of shareholders of the Company at the special meeting of shareholders held on August 23, 2019 it has completed the second and final tranche of its previously announced private placement issuing US$3.04 million principal amount of 10% two year unsecured convertible debentures bringing the aggregate principal amount of debentures issued under the Offering [...]

Steppe Gold Ltd. announces that Sheldon Vanderkooy has resigned as a director of the Company. It is the intention of Triple Flag Mining Finance to recommend a replacement director in due course. The Company wishes to thank Mr. Vanderkooy for his strong contributions and wise counsel in its first year as a public company. ABOUT STEPPE GOLD LTD. Steppe Gold is a precious metals development company with an aggressive growth [...]

Steppe Gold Ltd. is extremely pleased to provide the following Development Update and a further update on its previously announced private placement of 10% two-year unsecured convertible debentures. DEVELOPMENT UPDATE The Company is pleased to announce that it has completed the heap leach development at its 100%-owned Altan Tsaagan Ovoo Gold Project. Internal commissioning of the ADR plant has been satisfactorily [...]

Steppe Gold Ltd. announces that further to its Annual General Meeting of Shareholders of the Company held on June 28, 2019, director Lewis Marks has refused to tender his resignation as a director in compliance with the Company’s Majority Voting Policy. The Company’s Majority Voting Policy requires a director who receives more “withhold” votes than “for” votes in the election of [...]