MacDonald Mines Exploration Ltd.

MacDonald Mines Exploration Ltd. has agreed to settle outstanding amounts owing to a departed executed through the issuance of Class A common shares of the Company in accordance with applicable shares-for-debt policies of the TSX Venture Exchange . The Company and the former executive have entered into a debt settlement agreement which provided that the aggregate amount of the debt owed to such executive is $12,500 and [...]

MacDonald Mines Exploration Ltd. announced today that Steven Butler has tendered his resignation as a director of the Company. The Board of Director thanks Mr. Butler for his services and wishes him well in his future endeavours. About MacDonald Mines Exploration Ltd. MacDonald Mines is a Canadian gold and base metal exploration company focused on exploring its 100%-owned, 19,720ha SPJ Project, 20km southeast of the [...]

MacDonald Mines Exploration Ltd. announced today that Greg Romain has tendered his resignation from the positions of President & CEO and as a director of the Company to pursue another opportunity. Mr. Romain has offered to assist the Company with the transition to his successor. The Board of Directors will begin a search for a qualified candidate to succeed Mr. Romain and will provide additional information as it becomes [...]

MacDonald Mines Exploration Ltd. is pleased to share the highlights from a broad gravity survey completed over the Alwyn Copper-Gold Trend on it's 100% owned SPJ Property near Sudbury, Ontario. Survey Highlights: ALS GoldSpot Discoveries Ltd. has identified 5 high priority gravity targets potentially representing zones of iron-rich alteration associated along the prospective McLaren Lake Fault Zone by integrating [...]

MacDonald Mines Exploration Ltd. is pleased to announce the commencement of a broad gravity survey over the Alwyn Copper-Gold Trend on its 100% owned SPJ Property near Sudbury, Ontario. Survey Highlights: The gravity survey is testing the presence of iron-rich alteration zones in which Cu-Au mineralization could be associated with specular hematite to form iron oxide copper-gold or affiliated critical metal mineralization [...]

MacDonald Mines Exploration Ltd. , further to its press release of December 9, 2022, is pleased to announce a further and final closing of its previously announced non-brokered private placement financing . The Company has issued a further 1,153,900 flow-through Class A common shares at a price of $0.13 per FT Share for proceeds of a further $150,007.00. In total, in connection with the Offering the Company has issued an [...]

MacDonald Mines Exploration Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement offering for proceeds of $175,500. The Company issued a total of 926,923 flow-through shares at a price of $0.13 each and 550,000 non-flow-through units at a price of $0.10 per Unit. Each Unit is comprised of one Class A common share in the capital of the Company and one half of one Class A [...]

MacDonald Mines Exploration Ltd. is pleased to announce that it has received TSX Venture Exchange approval for the consolidation of the Class A common shares of the Corporation . As previously announced in its press releases dated August 10, 2022 and October 12, 2022, shareholders of the Corporation approved a special resolution authorizing the Board of Directors to consolidate the Common Shares of the Corporation. The [...]

MacDonald Mines Exploration Ltd. announces that in connection with the private placement originally announced in the Company's press releases of October 12, 2022 and October 13, 2022, the Company has applied to the TSX Venture Exchange for an extension of a further 30 days price protection in order to complete further subscriptions. Closing is expected on or before December 23, 2022 and may occur in one or more tranches [...]

MacDonald Mines Exploration Ltd. , further to its press release of October 12, 2022, wishes to clarify that the $1.5m non-brokered financing will consist of up to a maximum of up to $500,000 of units at a price of $0.10 per Unit, and up to $1,000,000 of Class A common shares , each such share qualifying as a "flow-through share" within the meaning of the Income Tax Act , at a price of $0.13 per FT Share. Each Unit will [...]