Volcanic Gold Mines Inc. is pleased to announce a new management and exploration team dedicated to advancing its gold and silver projects in Guatemala. Simon Ridgway, founder and director of Volcanic, will take over management of the Company as CEO and President. Simon has extensive knowledge of Guatemala, both geological and socio-political, having been one of the first modern gold explorers to work in the country. Simon [...]
Volcanic Gold Mines Inc. is pleased to report on progress on its Guatemala property package. Since completing the agreement with Radius Gold for an option on Radius's large land holdings in Eastern Guatemala, the Company has raised sufficient funds for an aggressive exploration campaign in this highly prospective gold/silver district. Operations and Permitting Since Guatemala's international borders opened in September [...]
Volcanic Gold Mines Inc. is pleased to announce that it has closed its previously announced over-subscribed bought deal financing, and a concurrent private placement with its largest shareholder, Silvercorp Metals for aggregate gross proceeds of approximately $8.6 million. Pursuant to the Offering, Volcanic issued 12,546,500 units of the Company, including 1,636,500 Units issued in connection with the exercise in full of [...]
Volcanic Gold Mines Inc. announces that it has granted incentive stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 2,525,000 common shares of the Company, exercisable at $0.57 per share for up to ten years. In addition, the Company has cancelled 253,570 existing stock options which were exercisable at $4.20 per share. About Volcanic Volcanic brings together an [...]
Volcanic Gold Mines Inc. is pleased to announce that it has amended the terms of its previously announced offering of units of the Company. Under the amended terms of the Offering, Haywood Securities, on behalf of a syndicate of underwriters including Canaccord Genuity, have agreed to purchase, on a bought deal basis, 10,910,000 units of the Company, at a price of C$0.55 per Unit for gross proceeds to the Company of [...]
Volcanic Gold Mines Inc. is pleased to confirm that Guatemala has re-opened its borders to international travel and Aurora International Airport is now open and receiving international flights. In early March, Guatemala closed its borders to international travel due to COVID-19 but now the focus is reviving the economy of the country. In June this year, Volcanic signed an agreement with Radius Gold Inc. where Volcanic [...]
Volcanic Gold Mines Inc. is pleased to announce that it has entered into an agreement with Haywood Securities Inc. to act as lead underwriter, on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 9,100,000 units of the Company, at a price of C$0.55 per Unit for gross proceeds to the Company of C$5,005,000. Each Unit will consist of one common share [...]
Volcanic Gold Mines Inc. is pleased to announce that it has received final acceptance from the TSX Venture Exchange of the Option Agreement dated May 17, 2020 between Volcanic and Radius Gold Inc. for the Holly and Banderas gold-silver properties located in eastern Guatemala. Under the terms of the Option, Volcanic can earn a 60% interest in the Holly and Banderas properties by completing a minimum C$3 million financing [...]
Volcanic Gold Mines Inc. is pleased to provide an update on its option to acquire a 60% interest in the Holly and Banderas Properties in Guatemala from Radius Gold Inc. Volcanic is now preparing to commence the permitting work which is required as part of preparations for a drill program at the Properties. Under the terms of the Option, Volcanic can earn a 60% interest in the Holly and Banderas Properties by completing a [...]
Volcanic Gold Mines Inc. is pleased to announce that is has closed its previously announced non-brokered private placement with the issuance of 20,000,000 units at $0.25 per Unit, for aggregate gross proceeds of $5 million. Roth Capital Partners acted as financial advisor in the Private Placement. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant . Each [...]
Volcanic Gold Mines Inc. reports on the status of its previously announced Option Agreement with Radius Gold Inc. to earn a 60% interest in the Holly and Banderas Properties located in Eastern Guatemala. The Company has received conditional approval of the transaction from the TSXV-V, and is in the process of completing the Exchange's final filing requirements. The Company has filed a title opinion on the licences [...]
Volcanic Gold Mines Inc. is pleased to report that further to its news release of June 4, 2020, its proposed non-brokered private placement has been increased from $3.0 million to $5.0 million. The Private Placement will now consist of 20,000,000 units of Volcanic at a price of $0.25 per Unit for total proceeds of $5.0 million. Volcanic is also pleased to announce that Silvercorp Metals Inc. has indicated its intent to [...]
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