GABO Mining Ltd.

- GABO Mining Ltd. . announces that it has approved the grant of 1,800,000 stock options to directors, advisors and consultants which are exercisable into common shares of GABO at a price of $0.08 per common share in accordance with TSX Policy 4.4, and subject to the rules of the TSX Venture Exchange and the Company's Stock Option Plan. The options have a term of five years and will expire on February 3, 2030. About GABO [...]

GABO Mining Ltd. . announced today that David Shaw has resigned from the Board of Directors, effective November 11, 2024. The Company sincerely thanks Mr. Shaw for his invaluable contribution over many years and wishes him all the best in his future endeavors. Gabriel Alonso-Mendoza, CEO, commented, "Both personally and on behalf of the Medallion Board, I thank David for his exceptional support of the Company over the [...]

GABO Mining Ltd. . is pleased to announce the closing of the second and final tranche of its non-brokered private placement for gross proceeds of $105,000. Further to the Company's price reservation of June 11, 2024 and its news release of June 26, 2024, the company has raised aggregate gross proceeds of $1,175,000 in the offering. As stated in the June 26, 2024 news releases, "The financing allows us to evaluate [...]

GABO Mining Ltd. . is pleased to announce the non-brokered private placement announced February 27, 2024 for gross proceeds of up to $1,000,000 has been increased to gross proceeds of up to $2,000,000 and the Company announces the closing of the first tranche on June 26, 2024 for gross proceeds of $1,103,000. The Private Placement will consist of up to 20,000,000 units at a purchase price of $0.10 per Unit for gross [...]

Medallion Resources announces that effective February 14, 2024, the Company is changing its corporate identity and rebranding as "GABO MINING LTD." and will start trading on the TSX Venture Exchange under the symbol "GAB". The Company also announces that pursuant to directors' resolutions dated January 11, 2024 and following the receipt of all necessary approvals, effective February 14, 2024 the Company will be [...]

Medallion Resources announced today that Rod McKeen and Andrew Morden have resigned from the Board of Directors, effective immediately. Mark Saxon, a current Director, will assume the role of Chairman. The Company also announces the appointment of John C. Cunningham as Director. Mr. Cunningham currently serves as the President of VLP Inc., a renowned consulting firm specializing in navigating the intricacies of the public [...]

Medallion Resources Ltd. announced today that its license to use ligand assisted displacement chromatography has terminated. The Medallion Board and management will consider next steps in light of this development. Separately, Douglas Newby has given notice of his resignation as Chief Financial Officer but has agreed to continue to serve for up to 30 days on an interim basis pending appointment of a new CFO. Rod McKeen [...]

Medallion Resources announced that it has received notice of default from Purdue Research Foundation and has until October 17, 2023 to cure the default or the Company's license to use ligand assisted displacement chromatography will be terminated. The Company is in discussion with PRF about curing the default or extending the term but there is no assurance that those discussions will be successful. ABOUT MEDALLION [...]

Medallion Resources Ltd. announced today the appointment of Mr. Gabriel Alonso-Mendoza as Interim Chief Executive Officer. Based in New York City, Mr. Alonso-Mendoza is the founder and managing partner of Amvest Capital Inc., a specialist investment management and corporate finance firm focused solely on the natural resources sector. He brings 15 years of financial and resource markets experience. The Company also [...]

Medallion Resources Ltd. is pleased to announce that the holders of the Company's US$1,150,000 Principal Amount unsecured promissory notes originally due August 2, 2023 have agreed to extend the maturity date to October 31, 2023. In light of recent market conditions and the Company's decision to pursue financing alternatives other than listing on Nasdaq Capital Markets, the amended Notes cancel the convertibility features [...]