Dissident group has no clear plans for the future of the company. Shareholders urged to support compelling and attainable strategic value creation plan by voting against the resolutions proposed by the dissident group well in advance of the vote deadline on February 4, 2022 at 10:00 a.m. Vancouver Time deadline Contact the Company's proxy solicitor, Carson Proxy Advisors at North American Toll Free Phone 1-800-530-5189 or [...]
Makara Mining Corp. announces, that further to its news release of September 21, 2021, the Board of Directors has rejected the requisition made by Thu Bich Thi Gui and Purita Querida pursuant to section 167 of the Business Corporations Act . The Board has determined that the Requisitionists are not registered owners of shares of the Company, and are therefor not entitled to requisition a shareholder meeting pursuant to [...]
Makara Mining Corp. announces, that a purported notice of requisition of a general meeting of shareholders was delivered to the registered office of the Company on September 15, 2021. The Purported Requisition has been made by Thu Bich Thi Gui and Purita Querida and would, if valid, require that the Company call and hold a general meeting of shareholders, pursuant to section 167 of the Business Corporations Act . The [...]
Makara Mining Corp. is please to announce a non-brokered private placement of up to 1,176,471 flow-through units of the Company at $0.085 per FT Unit and up to 5,333,333 non-flow-through units at a price of $0.075 per Unit. Each FT Unit will be composed of one common share, issued on a flow-through basis pursuant to the Income Tax Act , and one common share purchase warrant . Each Warrant will be exercisable at a price of [...]
Makara Mining Corp. is issuing this news release to clarify certain statements in the Company's news release dated August 23, 2021 wherein the Company announced that its newly appointed director, Jatinder Dhaliwal, intends to subscribe for up to $1.3 million in common shares of the Company in one or more tranches, with the first tranche to be completed on August 25, 2021 for $500,000 in common shares of the Company. The [...]
Makara Mining Corp. announces that on August 25, 2021, its newly appointed director, Jatinder Dhaliwal, intends to subscribe for approximately $500,000 in common shares of the Company at the maximum permitted discount under the rules and policies of the Canadian Securities Exchange . The Private Placement will be the first tranche of a planned $1.3 million financing for the Company by Mr. Dhaliwal. About the Company [...]
Makara Mining Corp. is pleased to announce the appointment of Jatinder Dhaliwal as a director of the Company. Mr. Dhaliwal replaces Stefan Szary on the board. Mr. Dhaliwal is a director of multiple publicly traded companies. He has extensive knowledge and experience in corporate and operational positions within a various industries. Mr. Dhaliwal holds a bachelor of pharmacy degree from the University of British Columbia [...]
Makara Mining Corp. announces the termination of its option to earn a 60% interest in the Davis and Paradise Valley claim blocks located in Nye County, Nevada. The Company intends to concentrate its efforts and resources on the Rude Creek Property and Idaho Creek Property, located in the Yukon. About the Company Makara Mining Corp. is a mineral exploration company focused on the acquisition, exploration and development of [...]
Makara Mining Corp. is pleased to announce the appointment of Charn Deol as a director of the Company. Mr. Deol has over 35 years of experience in the financial markets, having served on the boards and management of various private and public companies. Mr. Deol has a strong background in project analysis, investor relations, technical market analysis and corporate finance. The Company looks forward to Mr. Deol's [...]
Makara Mining Corp. is pleased to provide the following updates on its corporate and exploration activities in Canada and the United States. Financing Update Since Makara's last press release on March 29, 2021, the Company has been working on exploration planning for the 2021 season and particularly the necessary financing to do the required major exploration work. Makara is in talks with various groups with respect to [...]
Makara Mining Corp. is pleased to provide an exploration update on its Rude Creek gold project in Yukon, Canada and its other Canadian and U.S. projects. Highlights: The complete assay results from the 2,000-meter RC drill program at Rude Creek have now been received and tabulated Overall, drill results have identified the presence of a new gold system, with controls on mineralization which appear to be north-south [...]
Makara Mining Corp. is pleased to provide an interim update on its 2,000-meter RC drill program results from its Rude Creek gold property in Yukon, Canada. Highlights: Approximately 45% of the assays have now been received with the remaining 55% expected over the next 2-4 weeks Best intercepts received-to-date include: 80.77 m of 0.17 g/t Au and 3.3 g/t Ag in ROYRC20-18 4.57 m of 0.74 g/t Au in ROYRC20-14 21.34 m of 0.13 [...]
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