Papuan Precious Metals is pleased to announce that it will advance US$100,000 as a deposit on an agreement to form a joint venture with Singapore based Juniper Capital Partners to acquire a 50% interest in a large Iron Ore project. The Company intends to advance up to US$375,000 to the joint venture to acquire the interest in the project. The project is located outside of North America and significant exploration has been [...]
The Company is pleased to announce that the shareholders approved all matters placed before them at the annual general and special meeting. The number of directors was fixed at three. Devinder Randhawa, Ross McElroy and Richard Matthews were elected to the board of directors of the Company. The Company's stock option plan and a consolidation of the Company's issued and outstanding share capital using a ratio of up to 4 to [...]
Further to the Company's news release dated June 2, 2014, the Company announces the plan of arrangement with its wholly owned subsidiary Pioneer Pacific Financial Corp. Pursuant to the Arrangement, the Company will transfer to the Subsidiary the Letter Agreement regarding the acquisition of a Medical Marijuana dispensary in the State of Colorado and will provide to the Subsidiary a one year interest free loan to help [...]
KELOWNA, BRITISH COLUMBIA--(Marketwired - Jul 11, 2014) - PAPUAN PRECIOUS METALS CORP. (TSX VENTURE:PAU) (the "Company") is pleased to announce that it has received final exchange approval of the previously announced financing that raised $776,000. As part of the financing, the Company issued 4,850,000 common share purchase warrants with an exercise price of $0.12 per share, expiring June 24, 2016. The shares and warrants [...]
KELOWNA, BRITISH COLUMBIA--(Marketwired - Jun 30, 2014) - Papuan Precious Metals Corp. (TSX VENTURE:PAU) (the "Company") is pleased to announce that the non-brokered private placement announced June 3, 2014 has closed and the Company raised a total of $776,000 from the sale of 9,700,000 common share units. The units were sold at $0.08 per unit and each unit consisted of one common share and one-half of one common share [...]
Papuan Precious Metals is pleased to announce the results of the recent exploration program at the Metemana-Metekavil area of its New Hanover project in Papua New Guinea. Field work, including mapping, outcrop sampling and a ridge and spur soil sampling program, has identified a new copper/gold porphyry system in the 2km x 5km Randei prospect area. The company is awaiting the results of geochemical analysis.
Papuan Precious Metals announces a unit private placement financing of $600,000 at $0.08 per Unit. Each unit will consist of one common share plus one-half of one common share purchase warrant, with each whole warrant exercisable to purchase a common share at a price of at $0.12 for a period of two years. The financing will be partially brokered and partially non-brokered. A finder's fee of 7% payable in cash or shares [...]
Papuan Precious Metals. Further to the Company's news release dated April 29, 2014, the Company has signed a binding Letter Agreement to finance the acquisition of a Medical Marijuana dispensary in the state of Colorado. The acquisition is an arm's length transaction and the consideration for the acquisition is all cash. Closing of the acquisition is subject to the completion of formal documentation and various regulatory [...]
Papuan Precious Metals - Further to the Company's news release dated April 29, 2014, the Company is increasing the previously announced private placement financing from $500,000 to $600,000. The financing is at C$.10 per share and Finder's fees of 7% payable in cash or shares may be paid upon closing. The Company also welcomes the appointment of Bernard Kavanamur of Vakamano Ltd. as agent for the Company.
Further to the Company's news release dated April 28, 2014, the Company is proceeding with the preparation of formal documentation to acquire the assets of the Colorado dispensary and has assembled a team of industry experts and advisers in the state of Colorado to support and assist the Dispensary in its desire to expand its facilities. The Company intends to undertake a $CDN 500,000 private placement financing, which [...]
Papuan Precious Metals is pleased to announce that it has entered into a non-binding Letter of Intent with a Colorado licensed dispensary/cultivation facility to conduct a due diligence review of its Colorado operations. The Company has agreed to immediately place $100,000 in escrow to conduct the due diligence review of the business and has the exclusive right to acquire the business, subject to the successful outcome of [...]
Papuan Precious Metals is pleased to announce it has entered into a consultancy agreement with Mr. Drew Milburn, an acknowledged expert in the Medical Marijuana sector. Mr. Milburn has acted as an advisor to numerous State and local authorities in the U.S., as well as Health Canada, which runs the National Program for Medical Marijuana in Canada. He has a strong background in the manufacturing and distribution sector [...]
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