Toronto, Ontario - - Loyalist Exploration Ltd. announces a 30-day extension to September 17, 2024 of its non-brokered private placement financing of up to 70,000,000 common shares of the Company at a price of $0.005 per Share for proceeds of up to $350,000. The proceeds of the Offering will be used for working capital and general and administrative purposes and the costs of completing a share exchange among the Company [...]
Loyalist Exploration Ltd. is pleased to announce that it has commenced its 2024 field exploration program on its 100% owned Rolling Pond Gold Project located in Central Newfoundland. The program will consist of prospecting and infill soil sampling with approximately 500 "B" horizon soils to be collected. The soil sampling program has been designed to in-fill large gaps in historical sampling programs where significant [...]
Loyalist Exploration Ltd. announces a 30-day extension to August 17, 2024 of its non-brokered private placement financing of up to 70,000,000 common shares of the Company at a price of $0.005 per Share for proceeds of up to $350,000. The proceeds of the Offering will be used for working capital and general and administrative purposes and the costs of completing the Amalgamation . In connection with the Offering, the [...]
Toronto, Ontario - - Loyalist Exploration Ltd. is pleased to provide a progress report on its recently announced acquisition of 100% of the Hungry Hill polymetallic project located in central Newfoundland approximately 300km west of St. Johns through its proposed amalgamation with Millbrook Minerals Inc.. The project is in the world class Buchan's mining camp hosting polymetallic base metal and gold deposits including the [...]
Toronto, Ontario - The Newswire - June 12, 2024 - Loyalist Exploration Ltd. is pleased to announce results from recent sampling on the Company's 100% owned Springdale Property located 320 km northwest of St John's Newfoundland. The Property has exceptional logistics and is located in the core of a well mineralized belt hosting several past producing gold and base metal mines including the Whalesback / Little Deer Mine [...]
Loyalist Exploration Ltd. announces that on June 4, 2024, it signed a Letter of Intent to amalgamate with Millbrook Minerals Inc. , a private company incorporated under the Canada Business Corporations Act, and its intention to complete an initial private placement of up to $350,000 . Millbrook is the 100% owner of three mining properties known as Springdale, Hungry Hill and Rolling Pond located in the Canadian Province [...]
Loyalist Exploration Ltd. announces that it has amended its proposed non-brokered private placement financing of up to 15,000,000 common shares of the Company at a price of $0.01 per Share for proceeds of up to $150,000. The Offering is amended to lower the price per Share to $0.005 and increase the number of Shares to 30,000,000. The Canadian Securities Exchange has exempted the Company from pricing requirements in the [...]
Loyalist Exploration is pleased to announce a proposed non-brokered private placement financing of up to 15,000,000 common shares of the Company at a price of $0.01 per Share for proceeds of up to $150,000. The proceeds of the Offering will be used for working capital and general and administrative purposes. In connection with the Offering, the Company may pay finder's fees equal to 7% of the gross proceeds in cash and [...]
Loyalist Exploration is pleased to announce the appointment of Errol Farr, CPA, CMA as President and CEO. Mr. Farr is a seasoned financial and mining professional with over 35 years of experience in financial management, operations, business optimization and strategy development. He is the former CFO of MagIndustries Inc., where he led its finance department and the development of its 68,000-hectare forestry operation. He [...]
Loyalist Exploration is pleased to announce the appointment of Errol Farr, CPA, CMA as a director to fill the vacancy on the board created by the retirement of a prior board member previously disclosed. Mr. Farr is a seasoned financial and mining professional with over 35 years of experience in financial management and reporting, operations, business optimization, and strategy development. He is the former CEO of Adex [...]
Loyalist Exploration intends to close a brokered private placement financing of CAD$170,000.00, consisting of 17,000,000 units priced at CAD$0.01 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for five years at $0.05. The Private Placement will be conducted in reliance upon certain prospectus exemptions. The proceeds of the Private Placement will be used for working [...]
Loyalist Exploration wishes to announce that David Drinkwater, the Chairman of the Board and a director of the Company has retired from his positions as Chair of the Board and a director of the Company. Mr. Drinkwater said, “I have enjoyed my tenure, but it is time for me to retire.” John F. O’Donnell, Interim Chief Executive Officer, thanked Mr. Drinkwater for his past service to the Company and told him, “I have enjoyed [...]
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