Central Timmins Exploration Corp. reports that it intends to increase the size of its previously announced non-brokered private placement of non-flow-through units from 3,000,000 units to 5,000,000 units and reprice its previously announced non-brokered private placement of flow-through common shares from $0.75 to $0.60. Non-Flow-Through Offering The NFT Offering will now consist of up to 5,000,000 non-flow-through units [...]
Central Timmins Exploration reports that it intends to complete a non-brokered private placement of flow-through common shares and non-flow-through units. Flow-Through Offering The FT Offering will consist of up to 2,800,000 common shares in the capital of the Company that qualify as flow-through shares for purposes of the Income Tax Act, at a price of $0.75 per Flow-Through Share for gross proceeds of up to $2.1 million [...]
Central Timmins Exploration reports that, subject to regulatory approval, it has signed a mineral lease and option agreement with Bull Mountain Resources, an arm's length private company, to lease a 100% interest in the Stockade Property located in southeastern Oregon. Stockade The Stockade Property consists of 261 unpatented lode mining claims that cover an area of over 6,790 acres, located in Malheur County, Oregon [...]
Central Timmins Exploration reports that, subject to regulatory approval, it has signed an option agreement with ArcWest Exploration to acquire up to a 70% interest in the Todd Creek Property, located within the Golden Triangle in northwest British Columbia. Todd Creek The Todd Creek Property consists of 69 mineral tenures that cover an area of over 32,000 hectares, located approximately 35 kilometers northeast of [...]
Central Timmins Exploration reports that, subject to regulatory approval, it has signed an option agreement with an arm's length private vendor to acquire up to a 100% interest in the BAM Property, located within the Golden Triangle in northwest BC. BAM The BAM Property consists of ten mineral tenures that cover an area of over 8,100 ha, located approximately 150 km northwest of Stewart. Highway 37 and the Northwest [...]
Central Timmins Exploration reports that, subject to regulatory approval, it has signed an option agreement with an arm's length private vendor to acquire up to a 100% interest in the Silver Reef Property located in northwest BC. Silver Reef The Silver Reef Property consists of six mineral tenures that cover an area of over 4,425 ha approximately 85 kilometers north of Hazelton BC. The exploration target at Silver Reef is [...]
Central Timmins Exploration reports that it has been granted an order by the Ontario Superior Court of Justice deferring its annual and special meeting of shareholders that was to be held on or before June 30, 2020 to a date later this year. The AGM has been deferred to allow time for the Company to continue with its strategic review and repositioning process. Further guidance will be provided on the details of the AGM [...]
Central Timmins Exploration announces that pursuant to its Stock Option Plan, it has granted stock options to directors, officers and consultants of the Company to purchase an aggregate 585,000 common shares in the capital of the Company at an exercise price of $0.34 per share which expire on May 14, 2022. Following this stock option grant, the Company has a total of 1,385,000 stock options outstanding representing [...]
Central Timmins Exploration is pleased to announce the appointment of Joseph Ovsenek to the position of President and CEO and as Chairman of the Board of Directors, and the appointment of Mr. Ron MacDonald to the Board of Directors. Mr. Joseph Ovsenek has been appointed to the position of President and Chief Executive Officer and Chairman of the Board of Directors of the Company. Mr. Ovsenek was most recently President [...]
Central Timmins Exploration announces that it has received final TSX Venture Exchange approval for the non-brokered private placement that closed on April 15, 2020. The Offering consisted of the sale of 10,000,000 common shares of the Company at a price of $0.05 per Share for aggregate gross proceeds of $500,000. All securities issued pursuant to the Offering are subject to a four month and one day hold period under [...]
Central Timmins Exploration Corp. This press release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report regarding the acquisition of common shares of Central Timmins Exploration Corp. by Joseph J. Ovsenek. Mr. Ovsenek acquired the common shares in a private placement [...]
Central Timmins Exploration Corp. This press release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report regarding the acquisition of common shares of Central Timmins Exploration Corp. by Keith L. Peck. Mr. Peck acquired the common shares in a private placement offering by [...]