Searchlight Resources is pleased to announce that it has closed a private placement of flow-through and non-flow-through units as previously announced by press release of May 8, 2020. The Company issued 22,860,000 units at a price of $0.025 per unit for aggregate proceeds of $571,500. Each Unit consists of one common share and one common share purchase warrant. Each Warrant will entitle the holder to purchase one [...]
Searchlight Resources is pleased to announce that it intends to complete a private placement of flow-through and non-flow-through units. The Company intends to issue up to 17,200,000 units at a price of $0.025 per unit for aggregate proceeds of up to $430,000. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder to purchase one additional common share of [...]
Searchlight Resources Inc. announces that it has received the final payment of $225,000 from the sale of the New York Canyon Property, NV to Emgold Mining Corp., a company listed on the TSX Venture Exchange under the symbol "EMR". Under the Agreement terms, Searchlight will transfer all its interest in and to the New York Canyon Property to Emgold and, in consideration of which, Emgold will have paid Searchlight CAD [...]
Searchlight Resources Inc. is pleased to announce that arms' length creditors of the Company have agreed to accept 6,281,260 common shares in lieu of cash to settle $314,063 in outstanding liabilities. The common shares will be issued at $0.05 per share. The conversions are subject to TSXV approval, and if obtained Closing will take place immediately thereafter. About Searchlight Resources Inc. [...]
Searchlight Resources Inc. is pleased to announce that it intends to complete a private placement of flow-through and non-flow-through units . The Company intends to issue up to 5,000,000 units at a price of $0.05 per unit for aggregate proceeds of up to $250,000. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder to purchase one additional common share [...]
Stephen Wallace announces the acquisition of an aggregate of 1,340,000 Units of Searchlight Resources Inc. with each Unit consisting of one common share and one share purchase warrant. Each warrant is exercisable for a period of two years from the date of issue at a price of $.05 cents per common share . Prior to the recent transaction Mr. Wallace, President, CEO and Director of the Company held 2,507,333 common shares [...]
Searchlight Resources Inc. is pleased to announce that it has closed the second tranche of a private placement financing previously announced on August 8, 2019 by issuing a total of 1,340,000 units for gross proceeds of $67,000. The second tranche of the private placement consisted of 1,340,000 units at $.05 per unit for gross proceeds of $67,000, with each unit consisting of one common share and one common share purchase [...]
Gem Oil Inc. today announced that it has acquired, directly and indirectly, an aggregate of 2,000,000 common shares of Searchlight Resources Inc. The 2,000,000 common shares were acquired by Gem Oil Inc. by way of Acquisition or disposition under a prospectus series of open-market purchases made on September 09, 2019 under which Gem Oil Inc. paid an aggregate of $100,000.00, representing an average price of $0.05 per [...]
Searchlight Resources Inc. is pleased to announce that it has closed the first tranche of a private placement financing previously announced on August 8, 2019 by issuing a total of 4,790,000 units for gross proceeds of $239,500. The first tranche of the private placement consisted of 2,790,000 units at $.05 per unit for gross proceeds of $139,500, with each unit consisting of one common share and one common share purchase [...]
Airborne Survey has begun on newly acquired Flin Flon North Claims Time domain electromagnetic and magnetometer surveys 10 km northwest the 777 Copper, Zinc and Gold mine in Flin Flon 10 km north of Searchlight's flagship Bootleg Lake Gold Project Searchlight Resources Inc. is pleased to announce that the Company has commenced an airborne geophysical survey on the newly acquired Flin Flon North claims located [...]
Gem Oil Inc. today announced that it has acquired, directly and indirectly, an aggregate of 500,000 common shares of Searchlight Resources Inc. The 500,000 common shares were acquired by Gem Oil Inc. by way of a series of open-market purchases made on the TSX August 7, 2019, under which Gem Oil Inc. paid an aggregate of $16,695.00, representing an average price of $0.03339 per share. Collectively, the shares acquired by [...]
Searchlight Resources Inc. is pleased to announce that it intends to complete a private placement of flow-through and non-flow-through units. The Company intends to issue up to 5,000,000 units at a price of $0.05 per unit for aggregate proceeds of up to $250,000. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder to purchase one additional common share of [...]