Hilo Mining is pleased to announce completion of its previously announced private placement of common shares at a price of $0.15 per common share. Pursuant to the Private Placement, Hilo issued 5,762,363 common shares for gross proceeds of $864,354.45. Hilo intends to use the net proceeds of the Private Placement for its exploration program on the Champ Property, for expenses incurred in connection with its proposed [...]
Golden Independence Mining and Hilo Mining are pleased to announce that they have completed their previously announced spin-out transaction involving common shares of Hilo. In accordance with the terms of the arrangement agreement between Golden and Hilo, 1,000,000 Hilo Shares have been distributed and holders of common shares of Golden received 01594764 of a Hilo Share for each common share of Golden held by such holder [...]
Golden Independence Mining is pleased to announce that the effective date for its previously announced "spin-out" of 1,000,000 common shares of Hilo Mining Ltd. is anticipated to Nov 12, 2021. As previously announced, Hilo and the Company entered into an arrangement agreement to complete a statutory plan of arrangement under the Business Corporations Act pursuant to which the Company transferred the Champ precious metals [...]
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