Azarga Metals Corp. is pleased to provide an update on the restructuring of its balance sheet announced on June 5, 2023. In addition to the settlement of the shareholder loans and certain related party debt, one additional creditor has agreed to settle all of its accrued fees in the amount of $80,759.77 in exchange for 538,398 common shares to fully extinguish the debt. This brings the total debt to $1,904,601.82 being [...]
Azarga Metals Corp. is pleased to announce its plan to consolidate its issued and outstanding common shares on the basis of one post-consolidation share for every ten pre-consolidation Shares . The Consolidation is set to be effective June 27, 2023. There are currently 208,079,416 issued and outstanding Shares. Following the Consolidation, it is expected that there will be approximately 20,807,941 Shares outstanding. No [...]
Azarga Metals Corp. announces details of its proposal to consolidate all of the issued and outstanding common shares of the Company on the basis of ten pre-Consolidation common shares for every one post-Consolidation common share. The Company carries shareholder loans on its balance sheet due for repayment by May 31, 2023, in the amount of C$1,763,842, principal and interest . The Shareholder Loans may be converted at any [...]
Azarga Metals Corp. is pleased to have received the final report on its induced polarization survey at its high-grade copper-rich Volcanogenic Massive Sulphide Marg project , located in the Keno Hill Silver District, Yukon Territory. The IP survey commenced in late 2022 and covered a significant portion of the known Marg VMS horizon, as well as an area immediately north of strong multi-element soil geochemical anomalies [...]
Azarga Metals Corp. is pleased to announce the sale of its wholly-owned subsidiary, Azarga Metals Limited, a BVI corporation pursuant to a share purchase agreement with a non-sanctioned third-party buyer . The Buyer has agreed to pay consideration of US$1 for the project and US$74,999 for the assignment and assumption of the intercompany debt, as well as contingent consideration equal to half of the net proceeds paid to [...]
Azarga Metals Corp. reports that it has received TSX Venture Exchange approval to settle C$100,686.39 in outstanding debt owed to a creditor by the issuance of 4,000,000 common shares valued at C$0.025 per Share. The Shares have now been issued and the debt has been extinguished. The Shares issued are subject to a four-month and one day hold period from the date of issuance. Azarga Metals Corp. "Gordon Tainton" Gordon [...]
Azarga Metals Corp. reports that it has executed an agreement with a creditor to settle C$100,686.39 in outstanding debt by the issuance of 4,000,000 common shares valued at C$0.025 per share. The shares for debt settlement is subject to the approval of the TSX Venture Exchange. Azarga Metals Corp. "Gordon Tainton" Gordon Tainton, President and Chief Executive Officer For further information please contact: Doris Meyer [...]
Azarga Metals Corp. has closed its previously announced non-brokered private placement. The second and final tranche closed on November 7, 2022. The Company issued a total of 26,650,001 units each at a price of $0.015 per Unit raising of $399,750. Each Unit consists of one common share of the Company and one Share purchase warrant . One Warrant entitles the holder thereof to purchase one Share of the Company at a price of [...]
Azarga Metals Corp. is pleased to announce the successful completion of its induced polarization survey at its high-grade copper-rich Volcanogenic Massive Sulphide Marg project located within the Keno Hill Silver District, Yukon Territory. IP surveys have long been employed with great success on other VMS projects throughout Canada and the World to locate and define disseminated VMS alteration-associated sulphide haloes [...]
Azarga Metals Corp. reports, that subject to TSX Venture Exchange approval, the Company will extend the closing date of its previously announced private placement by a further 30 days, from the date of this announcement. The Offering of up to 40,000,000 units at a price of $0.015 per Unit. Each Unit consists of one common share of the Company and one Share purchase warrant . One Warrant entitles the holder thereof to [...]
Azarga Metals Corp. has closed a second tranche of its previously announced non-brokered private placement on November 7, 2022. The Company issued an additional 7,066,666 units at a price of $0.015 per Unit raising additional proceeds of $106,000. The Company has issued a total of 26,650,001 Units of the Offering raising a total of $399,750. Each Unit consists of one common share of the Company and one Share purchase [...]
Azarga Metals Corp. reports, that subject to TSX Venture Exchange approval, the Company will extend the closing date of its previously announced private placement by 30 days, from the date of this announcement. The non-brokered private placement, announced on August 29, 2022 of up to 40,000,000 units at a price of $0.015 per Unit, for gross proceeds of up to $600,000. Each Unit is comprised of one common share and one [...]