Aranjin Resources Ltd. is pleased to announce the closing of the acquisition of the Sharga Copper Project . The Company has acquired the Project through the purchase of all of the issued and outstanding equity interests in the Mongolian company that is the 100% owner of the Sharga Project. As consideration for the acquisition, the Company paid a total of US$1.5 million in cash in instalments and obligated issue 30 million [...]
Aranjin Resources Ltd. announces that it has closed, in escrow, its previously announced US$1.5 million unsecured convertible debenture financing to be used to fund the cash portion of the acquisition consideration for the purchase of the Sharga Copper Project in Mongolia. The debenture has a term of 12 months and bears interest at a rate of 15% per annum to be accrued and paid at maturity in cash, or at the option of the [...]
Aranjin Resources Ltd is pleased to provide an update on its proposed acquisition of the highly prospective Sharga Copper Project previously announced by the Company on May 19, 2021. The completion of the acquisition remains on track. The Company has received conditional approval of the acquisition from the TSXV and is in the process of satisfying the conditions stipulated by the TSXV approval letter. Closing the [...]
Aranjin Resources Ltd. is pleased to announce the exercise of an aggregate of 26,441,666 outstanding common share purchase warrants issued as part of the private placement financing completed in two tranches on June 10 and July 3, 2020. The exercises made to date have resulted in aggregate proceeds to date of $1,322,083. Other holders of warrants issued under the second tranche and expiring on July 3, 2021 may also [...]
Aranjin Resources Ltd. is pleased to announce that it has entered into an agreement to acquire the highly prospective Sharga Copper Project . The Sharga Project is located in the Gobi Altai region of Mongolia near the Chinese border and is comprised of one Mineral Exploration Licence covering over 9,000 hectares. The Sharga Project is located in the Sharga Soum of Gobi Altai Province and 80 km from the Altai city. The [...]
Aranjin Resources Ltd. is pleased to announce the commencement of drilling program at its Bayan Undur project. Over $10m worth of historical drilling and associated analysis at the BU project has now been reviewed. As a result of this analysis, the Company plans to start with one deep hole at a highly targeted area of the BU project in April 2021. The BU project is located in the Bayan Undur soum of Bayankhongor province [...]
Aranjin Resources Ltd. is pleased to announce that it has now completed the previously announced acquisition of four mining licenses comprising the Bayan Undur project located in Bayankhongor province, Mongolia. The Company acquired all of the shares of BK Mining LLC , which is the indirect 100% owner of the BU project, for nominal cash consideration. The Company was able to favorably renegotiate the consideration payable [...]
Aranjin Resources Ltd. announces that the board of directors of the Company has approved the grant of 9,750,000 stock options to certain directors, officers, employees and consultants pursuant to the Corporation's Stock Option Plan. The options vest on the date of grant, expire two years from the date of grant and are exercisable at a price of $0.05 per common share. On behalf of the Board Matthew Wood Chairman [...]
Aranjin Resources Ltd. is pleased to announce the appointment of Mr. Bataa Tumur-Ochir to the Board. Mr. Tumur-Ochir is a Mongolian citizen and resident, and has a wealth of global experience in the mining and resources sector. He is currently President and CEO of Steppe Gold Ltd, Mongolia's premier precious metals group. Under his guidance, Steppe Gold progressed its ATO Gold Mine from vacant Mongolian steppe to gold [...]
Aranjin Resources Ltd. announces that it has concluded an agreement to divest its Brazilian subsidiary, Five Star Mineracao Ltda, to a private investor group for future consideration. As noted in Company filings over the past 18 months, investor appetite for investment in the diamond mining sector has been very low. The Company has been unable to secure investors to support the development of the Company's Brazil diamond [...]
Aranjin Resources Ltd. announces that it has completed the second and final tranche of its previously announced non-brokered private placement issuing 66,666,666 units of the Company at a price of $0.015 per unit for gross proceeds of $566,975 bringing the total gross proceeds of the offering to $1,000,000. Each unit is comprised of one common share of the Company and one common share purchase warrant with each warrant [...]
Five Star Diamonds Ltd. announces that it is has completed the initial tranche of its previously announced non-brokered private placement issuing 28,868,333 units of the Company at a price of $0.015 per unit for gross proceeds of $433,025. Each unit is comprised of one common share of the Company and one common share purchase warrant with each warrant exercisable for one common shares at a price of $0.05 per share for a [...]
+50,00 %
-80,00 %
