New Era Minerals Inc. announced today that, due to investor interest, it is increasing the size of its previously announced proposed non-brokered private placement of common shares at C$0.05 per share from up to 12,000,000 common shares to up to 16,000,000 common shares . Net proceeds from the private placement will be used for working capital and other general corporate purposes. The proposed private placement is [...]
New Era Minerals Inc. announced today that it intends to proceed with a non-brokered private placement of up to 12,000,000 common shares at a price of C$0.05 per share to raise gross proceeds of up to C$600,000 . Parties who are currently insiders of the Company, or would be upon completion of the Private Placement, may subscribe for up to 100% of the number of common shares offered. All common shares issued in the [...]
New Era Minerals Inc. announced today that it has been advised by Mr. Guang Ju Lin and Ms. Wei Lin, significant shareholders of New Era, that they have entered into binding agreements with Mr. Hang Peng, a resident of Hunan, People’s Republic of China, for the sale of an aggregate of 58,840,932 common shares of New Era, representing approximately 55.03% of the outstanding shares of New Era, held directly and through [...]
New Era Minerals Inc. announced today that, subject to regulatory approval, it has granted stock options to directors, officers and employees of the Company and its subsidiaries to acquire an aggregate of 3,100,000 common shares under the Company’s stock option plan. Of the options granted, 500,000 are exercisable at a price of C$0.05 per common share and expire on April 2, 2023 and the balance of 2,600,000 are [...]
New Era Minerals Inc. announced today that it has completed a private placement with an arm’s-length private investor, issuing 3,515,625 common shares at a price of CAD$0.08 per share for gross proceeds of CAD$281,250. The net proceeds from the private placement will be used for general working capital requirements. The common shares issued in the private placement are subject to a 4-month hold period in Canada and [...]
New Era Minerals Inc. announced today that, subject to regulatory approval, it has granted stock options to directors, officers and employees of the Company and its subsidiaries to acquire an aggregate of 2,650,000 common shares under the Company’s stock option plan. Each option is exercisable to acquire one common share at a price of $0.08. All options are subject to vesting restrictions and expire five years from [...]
Celestial Classic Limited announces that it has acquired 2,561,475 Units of New Era Minerals Inc. through a private placement at a price of CAD$0.08 per Unit for CAD$204,918. Each Unit consists of one common share and one common share purchase warrant . Each Warrant entitles CCL to acquire one additional Common Share of New Era at a price of CAD$0.08 per share for a period of five years from the date of issue. New Era has [...]
New Era Minerals Inc. announced today that it has completed a further private placement with Celestial Classic Limited , a private investment company based in the Seychelles. The Company has issued and sold to Celestial Classic 2,561,475 units, each unit consisting of one common share and one common share purchase warrant at a price of CAD$0.08 per unit for gross proceeds of CAD$204,918. Each Warrant entitles Celestial [...]
New Era Minerals Inc. is pleased to announce positive initial metallurgical test results on samples obtained from its 95% owned Suyeke North nickel property located in Tuoli County, Tacheng Area, Xinjiang-Uyghur Autonomous Region, People’s Republic of China. The current nickel recovery is improved from 2011 test results; in addition, a high-purity magnesia co-product containing over 99% MgO was also extracted and [...]
Celestial Classic Limited announces that it has acquired 11,597,699 Units of New Era Minerals Inc. through a private placement at a price of CAD$0.08 per Unit CAD$927,815.92. Each Unit consists of one common share and one common share purchase warrant . Each Warrant entitles CCL to acquire one additional Common Share of New Era at a price of CAD$0.08 per share for a period of five years from the date of issue. New Era has [...]
New Era Minerals Inc. announced today that it has completed the previously announced private placement with Celestial Classic Limited , an arm’s length private investment company based in the Seychelles. The Company prematurely announced the closing of this private placement on October 15, 2018 in error and the closing was delayed until today. The Company has issued and sold 11,597,699 units, each unit consisting of [...]
New Era Minerals Inc. announced today that it has completed the previously announced private placement with Celestial Classic Limited , an arm’s length private investment company based in the Seychelles. The Company has issued and sold 11,597,699 units, each unit consisting of one common share and one common share purchase warrant at a price of CAD$0.08 per unit for gross proceeds of CAD$927,815.92. Each Warrant [...]
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