Golden Dawn Minerals, the Company reports that, after considering the outcome of the enforcement action by its senior secured creditor, RIVI Opportunity Fund LP, including the court approval of the appointment of a receiver or receiver-manager of the Company's assets, all members of the Company's board and management have tendered resignations effective immediately. GOLDEN DAWN MINERALS INC. Per: "Anonymous Director" For [...]
Golden Dawn Minerals, the Company reports that the enforcement action by its senior secured creditor, RIVI Opportunity Fund LP has resulted in RIVI being granted an order by the BC Supreme Court against the Company and its subsidiaries, including the award of a judgment in the amount of USD$4,470,913.54 as of March 31, 2023 and approval of the appointment of a receiver or receiver-manager of all of the Company's assets [...]
CanXGold Mining Corp. , reports that its senior secured creditor, RIVI Opportunity Fund LP has commenced a court action to enforce its debt claims against the Company , including seeking the appointment of a receiver or receiver-manager of all of the Company's assets, undertakings and properties . Prior to November 2022, the company had been carrying on its business in reliance on certain debt restructuring amendments to [...]
CanXGold Mining Corp., , , announces that is has arranged a non-brokered private placement of up to 30,000,000 units at a price of $0.015 per unit for gross proceeds of $450,000. The units of the financing will comprise of one common share and a full share purchase warrant, which may be exercised for a period of five years at a price of $0.05 per share. The proceeds from the Private Placement will be used for general [...]
CanXGold Mining Corp., , , is pleased to announce that it has closed the non-brokered private placement previously announced on September 30, 2022, by issuing 4,000,000 flow through shares at a price of $0.08 per unit for gross proceeds of $320,000. Each flow-through unit will comprise of one common share and one share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 60 months from [...]
CanXGold Mining Corp., , announces that, despite its ongoing good faith efforts, it has reached an impasse in its discussions with its senior secured creditor, RIVI Opportunity Fund LP , to settle definitive documents regarding a debt restructuring agreement first announced on December 27, 2021. As a result, the Company has been forced to cease all expenditures on the maintenance of its properties, permits and related [...]
CanXGold Mining Corp., , , announces that its 2022 drilling program is now completed at its Phoenix Property, part of the Greenwood Precious Metals project in southeastern BC. Map of VTEM Conductivity showing target areas of high conductivity in purple. Holes drilled in 2022 at locations 1-3. CanXGold's third diamond drill hole is now complete. This hole targeted a large conductive anomaly detected by the 2022 airborne [...]
CanXGold Mining Corp., , , announces that the third drill hole is now being started at its Phoenix Property, part of the Greenwood Precious Metals project in southeastern BC. Photo of diamond drill being setup at third site for 2022 program CanXGold's third diamond drill hole is now underway. This hole is targeting a large conductive anomaly detected by the 2022 airborne geophysical survey, located 2 kilometers west of [...]
CanXGold Mining Corp., , , announces that the second drill hole has now been completed at its Phoenix Property, part of the Greenwood Precious Metals project in southeastern BC. Photo of site of second hole for 2022 program. CanXGold's second hole of the program has now been completed at 328 meters depth. This hole targeted a large conductive anomaly and a coincident magnetic anomaly detected by the 2022 airborne [...]
Hole #2 Started Testing Conductive and Magnetic and Anomalies From 2022 Airborne Survey Greenwood BC CanXGold Mining Corp., , , announces that the second drill hole has now been started at its Phoenix Property, part of the Greenwood Precious Metals project in southeastern BC. Photo of drill at site of second holes for 2022 program. CanXGold's second hole of the program has now been collared and is drilling at 59 meters [...]
Hole #1 Completed Into KM-Size Anomaly Defined From 2022 Airborne Survey Greenwood BC CanXGold Mining Corp., , , announces that the first drill hole has been completed at its Phoenix Property, part of the Greenwood Precious Metals project in southeastern BC. The first drill hole targeted a large, 1 km diameter conductivity anomaly identified in the 2022 VTEM survey, located north of the historic Phoenix open pit mine. The [...]
CanXGold Mining Corp., , , is pleased to announce that it has arranged a non-brokered private placement of 30,000,000 million units at a price of $0.025 per unit for gross proceeds of $750,000. Each Unit consists of one common share and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 60 months from the date of issue, one additional common share of the [...]
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