Mr. Alexey Maslovskiy, a director of XAU Resources Inc. announces that he has filed an early warning report under National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the closing of a private placement . The Private Placement was previously announced by the Company on October 22, 2021. It consists of 4,000,000 subscription receipts at a price of [...]
XAU Resources Inc. announces that it continues to work towards the completion of its previously announced Qualifying Transaction to acquire the Noseno Property in Guyana. In connection with the Qualifying Transaction, XAU recently completed a $1 million financing of subscription receipts. By subscription receipt holder resolution, the deadline for release of escrowed proceeds from the subscription receipts financing has [...]
XAU Resources Inc. announces corrections to the Company's news release dated March 7, 2022 . The Closing News Release announced the closing of the Company's previously announced non-brokered private placement financing of subscription receipts at a price of $0.25 per Subscription Receipt for gross proceeds of $1,000,000. The Closing News release incorrectly stated that the Company paid $4,872 and issued 19,488 finder [...]
XAU Resources Inc. is pleased to announce the closing of its previously announced non-brokered private placement financing of subscription receipts at a price of $0.25 per Subscription Receipt for gross proceeds of $1,000,000. Upon completion of the proposed qualifying transaction on the TSX Venture Exchange , each Subscription Receipt will convert into one common share of the Company. In connection with the Financing [...]
XAU Resources Inc. announces the amendment of its option agreement to acquire the Noseno Property initially entered into on October 21, 2021 . The Corporation intends that the acquisition of the Noseno Option serve as the Corporation's "Qualifying Transaction" pursuant to the policies of the TSX Venture Exchange . The Qualifying Transaction is subject to: the Qualifying Transaction having been conditionally accepted by [...]
XAU Resources Inc. , is pleased to announce that, further to its news release of August 17, 2021, it has entered into a definitive option agreement to acquire the Noseno Property in Guyana. XAU also announces that it is commencing a $1 million non-brokered private placement in conjunction with its proposed entry into a definitive agreement granting XAU the option to acquire the Noseno Property in Guyana . The Noseno [...]
XAU Resources is pleased to announce that it has entered into a non-binding letter of intent with North West Exploration Inc. with respect to an option to acquire a 100% interest in the Noseno Property. The Noseno Property is located in north-western Guyana in one of Guyana's prospective greenstone belts, 210 kilometers west-northwest of Georgetown, the capital of Guyana. It is an early stage greenfields project which [...]
XAU Resources Inc. is pleased to announce that its shareholders approved all matters brought before them at the Corporation's annual general meeting of shareholders held today, including all matters related to the changes to the TSX Venture Exchange Policy 2.4 - Capital Pool Companies that came into effect on January 1, 2021.
XAU Resources Inc. announces that one of its directors, Alexey Maslovskiy, was placed on the federal wanted list of the Russian Interior Ministry. The Interior Ministry, however, did not specify the charge against Mr. Maslovskiy. This action mirrors the arrest of his father, Dr. Pavel Maslovskiy, who is presently detained by the Russian authorities. The board of directors of the Corporation has investigated the [...]
XAU Resources Inc. is pleased to announce its intention to implement certain amendments to avail itself of changes arising from the TSX Venture Exchange's amended Policy 2.4 - Capital Pool Companies that came into effect on January 1, 2021. Under the New CPC Policy, an existing Capital Pool Company can implement some changes under the New CPC Policy without shareholder approval, but certain changes require specific [...]