PNG Copper Inc. is pleased to announce that it settled outstanding obligations with former senior management of the Company by issuance of Class A common shares in the capital of the Company. The Company settled outstanding obligations of $349,996.00 with the former senior management through the issuance of 5,833,266 Common Shares. All Common Shares issued pursuant to the Debt Settlement will be subject to a hold period [...]
PNG Copper Inc. is pleased to announce that it settled outstanding indebtedness with a director of the Company by issuance of units. The Company settled outstanding indebtedness of $108,711.46 with the director through the issuance of 1,553,020 Units. Each Unit consisted of one Common Share and one Common Share purchase warrant. Each whole Warrant entitles the holder to purchase one additional Common Share at an exercise [...]
PNG Copper Inc. announces the grant, pursuant to its Stock Option Plan, of options to certain eligible directors and officers to purchase a total of 2,150,000 common shares, exercisable in whole or in part on or before February 9, 2026, at an exercise price of $0.10 per share. About PNG Copper Inc. PNG Copper Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties [...]
PNG Copper Inc. is pleased to announce the simultaneous closings of a brokered private placement offering and settlement of outstanding indebtedness with senior management of the Company . The Company, pursuant to the Private Placement, issued 1,500,000 units for gross proceeds of C$105,000.00. In connection with the closing of the Private Placement, the Company paid a cash fee of C$9,450.00 and issued 150,000 [...]
PNG Copper Inc. is pleased to announce the closing of a private placement offering . The Company, pursuant to the Private Placement, issued 1,428,572 units for gross proceeds of C$100,000.04. In connection with the closing, the Company paid a cash fee of C$9,000.00 and issued 142,857 non-transferable broker warrants to its agent, IBK Capital Corp. . Each broker warrant is exercisable to acquire a unit at a price of $0.07 [...]
PNG Copper Inc. announces the grant, pursuant to its Stock Option Plan, of options to certain eligible directors and officers to purchase a total of 600,000 common shares, exercisable in whole or in part on or before November 25, 2025, at an exercise price of $0.15 per share. About PNG Copper Inc. PNG Copper Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties in [...]
PNG Copper Inc. has filed its financial statements and MD&A for the quarter and nine months ending September 30, 2021. During the quarter, drill hole WAKD001 was commenced at the Waki prospect, immediately east of the Omu prospect, to test a significant copper result obtained during mapping and sampling and to explore at depth an interpreted magnetic anomaly. The target depth of the hole was 250 meters. The hole [...]
PNG Copper Inc. is pleased to announce the appointment of Dr. David Lindley as acting Chief Executive Officer of the Company, effective immediately. The Company's existing drill program has been put on hold and Dr. Lindley will be travelling to Papua New Guinea to complete a review and assessment of the site and equipment and will then prepare recommendations to the Company for a comprehensive plan to restart and execute [...]
PNG Copper Inc. is pleased to announce that it has closed a third and final tranche of its private placement offering first announced in its news release of June 22, 2021. In this third tranche, the Company issued 2,498,333 units for gross proceeds of C$374,749.95. In connection with the closing, the Company paid a cash fee of C$18,000 and issued 133,333 non-transferable broker warrants to its agent, IBK Capital Corp [...]
PNG Copper Inc. is pleased to announce that it has closed a second tranche of its private placement offering first announced in its news release of June 22, 2021. In this second tranche, the Company issued 3,333,333 units for gross proceeds of C$500,000. In connection with the closing, the Company paid a cash fee of C$47,000 and issued 333,333 non-transferable broker warrants to its agent, IBK Capital Corp. . Each broker [...]
Golden Birch Resources Inc. has announced a name change to PNG Copper Inc. Shares will begin trading under the new name, symbol and with a new CUSIP number on August 12, 2021. Disclosure documents are available at www.thecse.com Please note that all open orders will be cancelled at the end of business on August 11, 2021. Dealers are reminded to re-enter their orders. _________________________________ Golden Birch[...]
Golden Birch Resources Inc. is pleased to announce that drilling has begun on the Copper-Gold Porphyry Waki Target at the Keveri Project, PNG. A 3,000 m drill program is designed to test the three drill-ready Copper-Gold Porphyry targets, Waki, Urua and Omu along with a nickel target, Doriri. The program will test geophysical targets, existing trenches and further investigate some historical shallow drill holes [...]