South Atlantic Gold Inc. is pleased to provide a general status update on its tenements and permitting status for the Pedra Branca project and the advances that have been made throughout this year. Highlights: Throughout the past 12 months, the Company has successfully submitted the ANMwith theNational Mining Agency of Brazil which provides the guidance rules of the Final Exploration Report for 3 tenements and has also [...]
South Atlantic Gold Inc. is pleased to announce that it has completed the disposition of its Big Kidd Property pursuant to a definitive purchase and sale agreement dated July 15, 2024 between the Company and TRR Services LLC in consideration of a cash payment of $575,000 paid on the closing date of August 2, 2024. About South Atlantic Gold South Atlantic Gold is an exploration company engaged in acquiring and advancing [...]
Kelowna, September 26, 2023 - South Atlantic Gold Inc. announces the closing of the previously announced property option agreement dated November 4, 2022 and subsequent first and second amendments dated January 4, 2023 and March 3, 2023 with Quetzal Copper Limited to divest the Company's 100% interest in the Big Kidd Project. Quetzal Copper has completed the Qualifying Financing and paid the remaining balance of the [...]
Vancouver, September 15, 2023 - South Atlantic Gold Inc. wishes to advise that the terms and conditions demonstrated in the Mina Tucano Ltda. bankruptcy process were not chosen by the creditors. Although the Company had successful negotiations with certain creditors, some of which issued letters of priority and support, and although the Company also offered and negotiated better financial terms for many major creditors [...]
Vancouver, August 10, 2023 - South Atlantic Gold Inc. continues to work to add to the number of creditors of Mina Tucano Ltda., Beadell Pty Ltd. and Beadell Pty Ltd. that support or give priority to South Atlantic's indicative proposal to acquire entities of the Tucano Group under Judicial Reorganization Proceedings , pursuant to a plan of reorganization to be approved by creditors and confirmed by the relevant court in a [...]
Kelowna, August 2, 2023 - Phoenix Gold Fund Limited of Kuala Lumpur, Malaysia, announces that as a result of the increase in the issued and outstanding shares of South Atlantic Gold Inc. due to the closing of a non-brokered private placement event by the Issuer, Phoenix no longer holds over 10% of the issued and outstanding shares of the Issuer. Prior to the event, Phoenix owned 10,000,000 common shares of the Issuer [...]
Vancouver, July 31, 2023 - South Atlantic Gold Inc. is pleased to announce that it has completed the previously announced non-brokered private placement offering for gross proceeds of $512,040 to the Company. The Offering consisted of 8,533,999 common shares of the Company at a price of $0.06 per Common Share. The proceeds of the Offering will be used to continue to advance the Company's due diligence on the proposed [...]
Vancouver, July 11, 2023 - South Atlantic Gold Inc. is pleased to announce a non-brokered private placement offering for gross proceeds of up to C$510,000. The Offering will consist of up to 8.5 million common shares of the Company at a price of C$0.06 per Common Share. The proceeds of the Offering will be used to advance the Company's due diligence on its proposed acquisition of the Tucano Gold Mine in Brazil, as [...]
VANCOUVER, BC, July 5, 2023 /CNW/ - Trading resumes in: Company: South Atlantic Gold Inc. TSX-Venture Symbol: SAO All Issues: Yes Resumption : 11:30 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and [...]
July 5th - Vancouver, British Columbia - South Atlantic Gold Inc. is pleased to announce that it has manifested and granted priority hearing under the Judicial Reorganization Process of Mina Tucano Ltda., Beadell Pty Ltd., and Beadell Pty Ltd., with the objective to investigate and potentially negotiate the acquisition of the Tucano Gold Mine , being the only exchange listed company to have officially filed interest into [...]
VANCOUVER, BC, July 5, 2023 /CNW/ - The following issues have been halted by CIRO Company: South Atlantic Gold Inc. TSX-Venture Symbol: SAO All Issues: Yes Reason: Pending News Halt Time : 9:26 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory [...]
Kelowna, May 11, 2023 - South Atlantic Gold Inc. announces that, in accordance with its Option Plan and Long-Term Incentive Plan the Company has granted an aggregate 1,810,000 stock options , 180,000 restricted share units and an aggregate 2,360,000 deferred share units to certain directors, officers, employees and consultants of the Company subject to regulatory acceptance. The grants are pursuant to the Company's Plan [...]
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