Gold Mountain Mining Corp. is pleased to announce initial results from the Company's Phase 1 exploration program at its 100% owned Elk Gold Project located near Merritt. The initial assay results incrementally expand the strike of known mineralized zones beyond the current resource model. The Company also wishes to welcome Dr. Quinton Hennigh, a renowned economic geologist, to its Advisory Board. Highlights: The initial [...]
Gold Mountain Mining Corp. is pleased to announce that it has closed its brokered private placement of units and has issued 10,310,000 Units at a price of $0.97 per Unit for aggregate gross proceeds of $10,000,700. The Offering was led by Canaccord Genuity Corp. and Gravitas Securities, as co-lead agents. Kevin Smith, CEO & Director of Gold Mountain, commented, "Through successfully completing this offering, we have [...]
Gold Mountain Mining Corp. is pleased to announce that it has engaged JDS Energy & Mining Inc. to complete the Pre-Feasibility Study at the Elk Gold Project located in British Columbia. The PFS was commissioned to reflect the recent advancements the Company has made to the Elk Gold Project, most notably, the signing of both the Contract Mining Agreement and the Ore Purchase Agreement. These key inputs provide Gold [...]
Gold Mounting Mining is pleased to announce today that, due to strong demand, the Company has agreed with Canaccord Genuity Corp. and Gravitas Securities Inc. to increase the size of the agents' option on the Company's previously announced private placement of units. The Agents' Option has been increased from 3,100,000 to 5,155,000 Units, which if exercised in full would provide the Company with additional proceeds of [...]
Gold Mountain Mining Corp. is pleased to announce that it has entered into an engagement letter with Canaccord Genuity Corp. and Gravitas Securities Inc. in connection with a private placement of up to 5,155,000 units of the Company at a price of $0.97 per Unit for gross proceeds to the Company of $5,000,350. Each Unit consists of one common share of Gold Mountain and one-half of one Common Share purchase warrant. Each [...]
Gold Mountain Mining Corp. is pleased to announce that it has entered into an Ore Purchase Agreement with New Gold Inc. for a three-year term. HIGHLIGHTS: Gold Mountain will deliver ore to New Gold's New Afton Mine located 130km from the Company's Elk Gold Project in Kamloops, British Columbia. Pursuant to the OPA, New Gold has agreed to pay Gold Mountain in a timely manner based on the tonnes and grade of the ore [...]
Gold Mountain Mining Corp. is pleased to announce a signed definitive agreement with Nhwelmen-Lake LP, for contract mining services at the Elk Gold Project. HIGHLIGHTS: Gold Mountain will leverage the experience and expertise of Nhwelmen-Lake for mining and ore hauling services at the Elk Gold Property. Nhwelmen-Lake will be paid a fixed price per tonne mined at a price that's in line with the Company's Preliminary [...]
Freeform Capital Partners and Bayshore Minerals are pleased to announce the execution of an engagement letter with Canaccord Genuity pursuant to which Canaccord Genuity and Gravitas Securities have agreed to act as co-lead agents, on a best efforts basis, in connection with a private placement of subscription receipts for aggregate gross proceeds targeted to be $10,000,000. The issue price of the Subscription Receipts [...]
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