MarketMindset
1週前
Posted on behalf of Azarga Metals - The supply story has dominated copper this year, but the demand side is getting louder. AZR.v, EUUNF holds a 100%-owned high-grade resource walking into its first-ever drill.
On demand: the ICSG has dropped its 2025 surplus call and now forecasts a 150,000-tonne deficit for 2026, the first structural shortage since 2009. J.P. Morgan models it steeper at 330,000 tonnes, with hyperscale data centers estimated to siphon roughly 475,000 metric tons of copper in 2026. Copper sits near $6.15/lb.
The resource (Aug 28, 2025 NI 43-101, 0.5% CuEq cut-off): Indicated 4.3 Mt at 2.9% CuEq (1.3% Cu, 42 g/t Ag, 0.66 g/t Au, plus lead and zinc), Inferred 10.0 Mt at 2.3% CuEq. Marg is a copper-rich VMS in Yukon's Keno Hill district, with road, grid power and an airstrip in place.
The catalyst: Azarga engaged Platinum Diamond Drilling for the first company-run campaign in the project's history (June 23, 2026 NR). Over 3,000m across eight priority holes, commencing August 2026, assays rolling through the fall, targeting known-zone extensions (open east, west and down-dip) plus undrilled anomalies. The resource is still open.
Full details here: https://azargametals.com/news/2026
CA Market News
2週前
Azarga Metals Shareholders Approve All Resolutions at Annual General and Special MeetingJune 23, 2026 5:00 PM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / June 23, 2026 / AZARGA METALS CORP. ("Azarga Metals" or the "Company") (TSX-V:AZR) is pleased to report that all resolutions put forward at the Annual General and Special Meeting (the "Meeting") of the Company's shareholders held on June 23, 2026, as further described in the Company's information circular dated May 19, 2026, were approved. The approved resolutions included the election of directors, re-appointment of the Company's auditors, the renewal of the Company's 10% "rolling" stock option plan (the "Option Plan") and approval of an increase in the Company's fixed equity incentive plan (the "Equity Plan"). The Board of Directors approved the increase to the Equity Plan on May 19, 2026, subject to TSX Venture Exchange and shareholder approval.Stock Option PlanThe Company's current Option Plan is a 10% "rolling" stock option plan which governs the granting of stock options to directors, officers, employees and consultants of the Company or a subsidiary of the Company for the purchase of up to 10% of the issued and outstanding common shares in the capital of the Company (the "Common Shares") from time to time.Equity Incentive PlanShareholders of the Company approved the increase in the fixed reserve of the Equity Plan to 9,000,000 from the previous fixed reserve of 6,000,000, an increase of 3,000,000. The Company's Equity Plan governs the granting of any restricted share unit (RSU), performance share unit (PSU) or deferred share unit (DSU) (collectively the "Awards") granted under the fixed Equity Plan, to directors, officers, employees and consultants of the Company or a subsidiary of the Company. The Company has reserved for issuance a fixed number of Common Shares of up to 9,000,000.AZARGA METALS CORP.Gordon Tainton,
President and Chief Executive OfficerFor further information please contact: Ben Meyer, at +1 (604) 536-2711 or visit www.azargametals.com. The address of the corporate office of Azarga Metals is Unit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this releaseSOURCE: Azarga Metals Corp.View the original press release on ACCESS NewswireOriginal: Azarga Metals Shareholders Approve All Resolutions at Annual General and Special Meeting
CA Market News
2週前
Azarga Metals 2026 Marg Project Drill Program; Keno Hill District, YukonJune 23, 2026 7:00 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / June 23, 2026 / AZARGA METALS CORP. ("Azarga Metals" or the "Company") (TSXV:AZR) is pleased to announce that it has engaged Platinum Diamond Drilling Inc. to complete a diamond drilling program at the Company's high-grade, copper-rich Volcanogenic Massive Sulfide ("VMS") Marg project (the "Marg Project") located in the prolific Keno Hill mining district of central Yukon Territory, Canada.The program is anticipated to commence in August 2026 and is designed to test multiple high-priority exploration targets identified through previous drilling, geological mapping, geophysical surveys, and geochemical sampling. Diamond drilling is expected to focus on expanding known mineralized zones while evaluating new targets with the potential to host significant copper, zinc, gold, silver, and lead polymetallic mineralization.The initial phase of the planned program consists of over 3,000 metres of drilling across eight priority holes. Drilling will target extensions of previous mineralized intercepts, as well as several undrilled structural and geochemical anomalies identified during recent field programs.There is potential to extend the current areas defined by drilling that remain open towards the east, west and down-dip.Within the Marg deposit there is one interpreted anticlinal fold hinge,, but potential remains for further fold-related duplications at depth within the sequence.Gordon Tainton President and CEO commented: "The MARG VMS deposit demonstrates exceptional exploration potential, and we are excited to begin this season's drill campaign, the first conducted by the Company. Our technical team has developed a focused drill program targeting extensions of the mineralized system from Azarga's maiden NI 43-101 resource estimate in August 2025, which estimated 4.3 Mt of indicated resource grading 2.9% CuEq and 10.0 Mt of inferred resource grading 2.3% CuEq.We expect drilling to commence in August and continue through early fall of this exploration season, with assay results anticipated on a rolling basis as they become available from the laboratory."IntroductionThe Marg Property is a VMS deposit located in the Central Yukon, approximately 40 km east of Keno City. Azarga acquired a 100% interest in the 400 mineral claims and approximately 8,400 hectares comprising the property in July 2025 (Figure 1). Figure 1 - Marg mineral claim outline and deposit locationThe project benefits from excellent infrastructure, including an air strip, functional base camp, nearby power corridors, and proximity to established mining operations within the Keno Hill district of the Yukon.The deposit was first identified by the Geological Survey of Canada in 1965, with extensive exploration, including 119 diamond drill holes, conducted by a number of companies between 1965 and 2008. This historical work meets industry standards and is considered to be of good quality.Highlights of the Marg Project Mineral Resource, at a 0.5% copper equivalent1 ("CuEq") cut-off, are as follows (see news release September 24, 2025):CategoryTonnageMtCu%Pb%Zn%Agg/tAug/tCuEq1%Indicated4.31.31.73.2420.662.9Inferred10.01.01.32.6330.542.3Deposit GeologyThe Marg deposit is located on the northern part of the Marg property, where it is hosted within a 12 km long belt of Devono-Mississippian felsic metavolcanic and metasedimentary rocks belonging to the Earn Group (Figure 2).The host rocks to the deposit have been deformed in several phases of folding, with the result that the original massive sulphide layers commonly lie in a series of sub-parallel lenses. The sulphide layers, which reach up to 23 metres in thickness where folded in the hinge of the Marg anticline, have been defined by drilling over a strike length of 1.4 km and a down-dip distance of 700 m (see Figures 3 and 4). Figure 2 - Local geological plan of the Marg property (northern claim area)The Marg property also hosts other mineralized showings, such as the Jane zone and Leyla showings (Figure 2). The showings, along with other showings and positive responses from geophysical surveys across the property, are suggestive of considerable VMS prospectivity on the Marg property. Figure 3- Map or plan view of Marg deposit geology and historical drilling (drill holes in blue; location of Figure 4 indicated by green cross-section line) Figure 4 - Cross-section showing interpreted Marg deposit geology (red indicates massive sulphide horizon) and Marg anticline along with historical drill holes (in blue; for location of section, see Figure 3).Drill Hole PlanningThe initial phase of the planned program consists of over 3,000 metres of drilling across eight priority holes. Drilling will target extensions of previously intersected mineralization as well as several undrilled structural and geochemical anomalies identified during recent field programs. The figures below (Figures 5, 6, and 7) provide long section, plan and 3D views of the priority drill holes. Figure 5 - Marg deposit long section, looking north, with planned drill hole collars and traces (red) and mineral resource domains (darker shades of green and pink) from 2025 mineral resource estimate. Figure 6 - Marg deposit plan view showing planned drill hole collars and traces (red) with historical drill hole collars (blue) and mineral resource domains (darker shades of green and pink) from 2025 mineral resource estimate. Figure 7 - Marg deposit oblique 3D view to the north-northwest showing planned drill holes (red) with historical drill collars and traces (blue) and mineral resource domains (darker shades of green and pink) from 2025 mineral resource estimate.Qualified PersonCharles J. Greig, MSC, P. Geo, a Qualified Person as defined by NI 43-101, has reviewed and approved the exploration information disclosures contained in this news release.About Azarga MetalsAzarga Metals is a mineral exploration and development company that owns 100% of the high-grade copper rich Marg VMS deposit located in central Yukon, Canada. On September 23, 2025, the Company filed a National Instrument 43-101 - Standard of Disclosures for Mineral Projects ("NI 43-101") independent technical report for a Mineral Resource Estimate on the Marg Project titled "NI 43-101 Technical Report for the Marg Property, Yukon Territory" (the "Marg Report") dated August 29, 2025, with an effective date of August 29, 2025. The Marg Report was prepared by independent consultants at IMC Mining Pty Ltd and TruePoint Exploration. The Marg Report estimated a total of 4.3 Mt of indicated resources grading 2.9% CuEq and 10.0 Mt of inferred resources grading 2.3% CuEq at a 0.5% copper equivalent ("CuEq") cut-off.CuEq is calculated as: CuEq% = Cu% + 0.1·Pb% + 0.25·Zn% + 0.62·Au (g/t) + 0.007·Ag (g/t) which was assessed based on the following metal price and recovery assumptions: Copper: US$9,100/t; 80% recovery, 96.5% payable; Lead: US$1,900/t; 50% recovery, 75% payable; Zinc: US$2,600/t; 80% recovery, 85% payable; Gold: US$3,000/oz; 50% recovery, 90% payable; and Silver: US$32/oz; 50% recovery, 90% payable.AZARGA METALS CORP.Gordon Tainton,
President and Chief Executive OfficerFor further information please contact: Ben Meyer, at +1 604 536-2711 or visit www.azargametals.com. The address of the corporate office of Azarga Metals is Unit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary Statement:This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "expand", "expect", "demonstrate", "outcome", "continue" "potential", "improve", "discover", "priority", "significant", "opportunity", "compel" "continuity", "consistent", "expected", "relative", "comprehensive", "confident", "concept", "unlock", "identify", "modest", and variations of these words as well as other similar words or statements that certain events or conditions "could", "may", "would" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current and planned exploration activities; the timing of current and planned exploration activities, the potential to expand the Marg Mineral Resource; the interpretation of other targets, including the Jane Zone as representing potential mineralized trends, and the potential for extensions to the Marg deposit and other zones; the interpretation that the Marg Project represents a larger mineralized system encompassing several target zones and the potential that such zones may represent additional Marg-like deposits; the ability to further improve confidence in the Marg Mineral Resource and the potential for, and timing of, a larger, updated Mineral Resource; the timing, results and conclusions of future economic evaluations; the improvement of the Marg Mineral Resource by future drilling; changes in project parameters as plans to continue to be refined; results of current and future metallurgical testing; possible variations in grades of mineralization and/or future actual recovery rates; accidents, labour disputes and other risks of the mining industry; the availability of sufficient funding on terms acceptable to the company to complete the planned work programs; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.1 CuEq is defined in the "About Azarga Metals" section of this press release.SOURCE: Azarga Metals Corp.View the original press release on ACCESS NewswireOriginal: Azarga Metals 2026 Marg Project Drill Program; Keno Hill District, Yukon
CommodityCoverage
3週前
Posted on behalf of Azarga Metals Corp. - A simple way to gauge a junior: ask what the most recent money paid. For AZR (TSXV: AZR), the latest capital came in at $0.135/unit, and the stock has recently traded right around that same level. New buyers sit close to where recent financing participants, including insiders, bought in, for a sub-$15M copper-silver explorer in the Yukon.
The raises: a Feb 10, 2026 first tranche of $1,000,000 (10,000,000 units at $0.10), then a March 27, 2026 non-brokered placement for $500,559.75 (3,707,850 units at $0.135). Proceeds fund the 2026 field season at the 100%-owned Marg copper-rich VMS project in Keno Hill, plus working capital.
Backing it: Aug 28, 2025 NI 43-101 (IMC, 0.5% CuEq cut-off), 4.3 Mt @ 2.9% CuEq Indicated, 10.0 Mt @ 2.3% CuEq Inferred. Open along strike and down-plunge.
More Info: https://azargametals.com/news/2026
CA Market News
3月前
Azarga Metals Closes Non-Brokered Private PlacementMarch 30, 2026 7:00 AM
ACCESS NewswireNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESS Newswire / March 30, 2026 / AZARGA METALS CORP. ("Azarga Metals" or the "Company") (TSX-V:AZR) is pleased to announce that on March 27, 2026, the Company has closed its non-brokered private placement, as previously announced on February 17, 2026 (the "Private Placement"), for gross proceeds of $500,559.75, through the issuance of 3,707,850 units.The Private Placement consisted of units of the Company (the "Units") at a price of $0.135 per Unit. Each Unit consists of one common share (each a "Share") of the Company and one-half of one share purchase warrant (each whole share purchase warrant, a "Warrant"). Each Warrant entitles the holder to purchase one common share of the Company (each a "Warrant Share") at a price of $0.20 per Warrant Share for a period of two (2) years from closing of the Private Placement. The Private Placement was oversubscribed by $559.75 or 4,147 units.The net proceeds of the Private Placement will be used to prepare an exploration program for the 2026 field season on the Company's 100% owned high-grade copper-rich VMS Marg project located within the Keno Hill Silver District of the Yukon Territory and general working capital purposes.In connection with the Private Placement, the Company paid cash finder's fees of $7,862.40 and issued 58,240 Shares at $0.135 per Share, and 116,480 non-transferable finder's warrants to certain arm's length finders. Each non-transferable finder's warrant is exercisable to acquire one Share of the Company at a price of $0.135 per Share for a period of two (2) years from the date of closing the Private Placement.The securities issued in connection with the Private Placement will be subject to a four-month and one-day hold period under applicable securities laws. The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange ("TSXV").Insider ParticipationJunbord International Limited. ("Junbord") and Superb Standard Ltd. ("Superb"), current shareholder approved control persons of the Company, participated in the Private Placement with Junbord subscribing for 925,925 Units and Superb subscribing for 925,925 Units, which constitutes a related party transaction pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). There has not been a material change in the percentage of the outstanding securities of the Company that are individually or beneficially owned by Junbord or Superb as a result of its participation in the Private Placement. The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the participation of the insiders in the Private Placement in reliance of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the insider participation does not exceed 25% of the Company's market capitalization as determined in accordance with MI 61-101.Marketing EngagementAzarga also announces the engagement of Triomphe Holdings Ltd., doing business as Capital Analytica, an arm's-length service provider, to provide certain marketing and social media services to the Company, in accordance with the policies of the TSXV and applicable securities laws. Based in Nanaimo, British Columbia, Capital Analytica specializes in marketing, social media and public awareness within the mining and metals sector. Capital Analytica will provide social media services, capital market consultation and social engagement reporting for an initial six-month term for a fee of $150,000 payable in two tranches, the first tranche being payable upon execution of the agreement, and the second tranche payable on June 27, 2026, with an option to renew the agreement for an additional six months at a rate of $75,000 unless terminated earlier in accordance with the terms of the agreement. The Company has granted Capital Analytica incentive stock options to purchase 300,000 common shares at an exercise price of $0.15 per share for a period of five (5) years. The stock options will be subject to standard IR vesting provisions. The agreement with Capital Analytica remains subject to the approval of the TSXV. Capital Analytica and its principal are arms-length to the Company and do not currently hold any securities in the Company.AZARGA METALS CORP.Gordon Tainton,
President and Chief Executive OfficerFor further information please contact: Ben Meyer, at +1 604 536-2711 ext. 1 or visit www.azargametals.com. The address of the corporate office of Azarga Metals is Unit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Caution to US InvestorsThe securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer to sell securities, nor a solicitation of an offer to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S Securities Act.Forward Looking StatementsThis news release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "ambition", "estimate", "concluded", "offers", "objective", "may", "will", "should", "potential" and similar expressions are intended to identify forward looking statements. In particular, this news release contains forward looking statements concerning the completion of the Private Placement, the intended uses of the proceeds of the Private Placement, regulatory acceptance of the Private Placement, and the results of exploration on the Marg Project, the engagement of Capital Analytica, and approval of the TSXV regarding the terms and conditions of the Capital Analytica agreement. Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the state of equity financing markets, and results of future exploration activities by the Company. Management has provided the above summary of risks and assumptions related to forward looking statements in this news release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this news release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.SOURCE: Azarga Metals Corp.View the original press release on ACCESS NewswireOriginal: Azarga Metals Closes Non-Brokered Private Placement
CA Market News
5月前
Azarga Metals Announces Follow-up Non-Brokered Private PlacementFebruary 17, 2026 7:00 AM
ACCESS NewswireNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESS Newswire / February 17, 2026 / AZARGA METALS CORP. ("Azarga Metals" or the "Company") (TSX-V:AZR) is pleased to announce a non-brokered private placement (the "Private Placement") of up to 3,703,703 units (the "Units") at a price of $0.135 per Unit, for gross proceeds of up to $500,000. Each Unit consists of one common share (a "Share") of the Company and one-half of one share purchase warrant (each whole share purchase warrant, a "Warrant"). Each Warrant entitles the holder to purchase one common share of the Company (each a "Warrant Share") at a price of $0.20 per Warrant Share for a period of two (2) years from closing of the Private Placement.The Company intends to use the proceeds of this Private Placement, combined with the $1,000,000 private placement closed on February 11, 2026, to prepare an exploration program on the Company's 100% owned high-grade copper-rich VMS Marg project located within the Keno Hill Silver District of the Yukon Territory and general working capital purposes.Finder's fees may be payable on the Private Placement, subject to the acceptance of the TSX Venture Exchange (the "Exchange").The securities issued in connection with the Private Placement will be subject to a four-month and one-day hold period under applicable securities laws. The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the Exchange.Insider ParticipationCertain insiders of the Company are expected to participate in the Private Placement and as a result, the Private Placement may constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions ("MI 61-101"). The Company expects to rely on the exemptions from the formal valuation requirements of MI 61-101 contained in section 5.5(a) and (b) of MI 61-101 on the basis that the fair market value of the transaction with insiders will not be more than 25% of the market capitalization of the Company and no securities of the Company are listed on a specified market set out in such section, and the Company further relies on the exemption from the minority shareholder approval requirements of MI 61-101 contained in Section 5.7(1)(a) of MI 61-101 on the basis of the fair market value of the transaction with insiders will not be more than 25% of the market capitalization of the Company.AZARGA METALS CORP.Gordon Tainton,
President and Chief Executive OfficerFor further information please contact: Ben Meyer, at +1 604 536-2711 ext. 1 or visit www.azargametals.com. The address of the corporate office of Azarga Metals is Unit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Caution to US InvestorsThe securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer to sell securities, nor a solicitation of an offer to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S Securities Act.Forward Looking StatementsThis news release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "ambition", "estimate", "concluded", "offers", "objective", "may", "will", "should", "potential" and similar expressions are intended to identify forward looking statements. In particular, this news release contains forward looking statements concerning the completion of the Private Placement, the intended uses of the proceeds of the Private Placement, regulatory acceptance of the Private Placement, and the results of exploration on the Marg Project. Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the state of equity financing markets, and results of future exploration activities by the Company. Management has provided the above summary of risks and assumptions related to forward looking statements in this news release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this news release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.SOURCE: Azarga Metals Corp.View the original press release on ACCESS NewswireOriginal: Azarga Metals Announces Follow-up Non-Brokered Private Placement
ErnieBilco
12年前
EUROPEAN URANIUM CLOSES GRIT FINANCING
Vancouver, March 7, 2014 – European Uranium Resources, Ltd. (EUU: TSX-V; EUUNF:
OTCQX; TGPN: Frankfurt) (the “Corporation”) reports that further to the Corporation’s
previous news releases it has closed its securities exchange with Global Resources
Investment Trust Plc (“GRIT”).
The Corporation issued 12,500,000 common shares at $0.10 per share to GRIT, in
exchange for 751,744 ordinary shares of GRIT (the “GRIT Shares”), at the deemed price of
£1.00 per GRIT Share. The securities issued to GRIT are subject to resale restrictions
expiring July 8, 2014.
The Corporation will now seek to sell the GRIT Shares through the facilities of the London
Stock Exchange. During the first six months, all sales of GRIT Shares will be arranged by
GRIT. While the Corporation will seek to maximize the proceeds it receives from the sale of
its GRIT Shares, there is no assurance as to the timing of disposition or the amount that will
be realized. Funds realized from the sale of the GRIT Shares will be used by the
Corporation for to advance the Corporation’s Kuriskova uranium project in Slovakia and for
working capital and general corporate purposes.
The GRIT Shares were distributed pursuant to a prospectus published by GRIT in the UK on
February 28, 2014. GRIT’s application to list its ordinary shares on the premium listing
segment of the Official List and to trade on the London Stock Exchange’s main market
became effective today. GRIT’s distribution of the GRIT Shares to the Corporation and
other Canadian based issuers was also made pursuant to a discretionary exemption order
granted by the Ontario and British Columbia Securities Commissions by order dated
November 13, 2013.
GRIT has been established to exploit investment opportunities in the junior mining and
natural resources sectors worldwide, with an investment objective to generate medium and
long-term capital growth. GRIT has conducted share exchange transactions with 41 junior
resource companies (32 headquartered in Canada), acquiring an initial portfolio of their
securities in exchange for 39,520,012 ordinary shares having a deemed value of
£39,520,012 (approximately C$73,250,000).
A commission of 6% will be payable in respect to the GRIT financing.
ErnieBilco
13年前
European Uranium Resources Ltd. and Portex Minerals Inc. Announce Definitive Agreement
Today : Monday 23 December 2013
European Uranium Resources Ltd. ("EUU") (TSXV: EUU) and Portex Minerals Inc. ("PAX") (CNSX: PAX) are pleased to announce that, as contemplated by the binding letter of intent announced on December 9, 2013, they have executed an arrangement agreement dated December 20, 2013 (the "Arrangement Agreement") in respect of the proposed merger (the "Merger") of EUU and PAX through a plan of arrangement under which EUU will acquire all of the outstanding common shares of PAX. Under the plan of arrangement, PAX shareholders will receive 0.6 of an EUU common share in exchange for each PAX common share. The Arrangement Agreement supersedes the previously announced binding letter of intent.
As previously announced, the merged company will be named European Minerals Inc. (the "merged company") and will be a Europe-focused company with a diverse, multi-commodity portfolio of exciting exploration and development projects.
The Merger will be classified as a reverse takeover under the rules of the TSX Venture Exchange (the "TSXV" or the "Exchange"). In accordance with the policies of the Exchange, trading in EUU's shares on the TSXV has been halted since December 6, 2013 in connection with the announcement of the Merger and will continue to be halted until TSXV requirements regarding the transaction are met. Trading in PAX's shares on the Canadian National Stock Exchange (the "CNSX") was also halted on December 6, 2013 and may remain halted for a similar period.
Upon completion of the Merger, PAX shareholders would hold approximately 65% of the merged company, with the remaining 35% being held by EUU Shareholders.
Completion of the Merger is subject to a number of conditions, including obtaining all necessary approvals from the PAX and EUU securityholders, the Superior Court of Justice of Ontario and the TSXV, including the TSXV's approval for the listing of the merged company's shares on completion of the Merger, completion of the Merger by April 30, 2014 (or such other date as EUU and PAX may agree) and such other closing conditions customary for transactions of this nature.
The Arrangement Agreement also contains customary non-solicitation provisions in respect of each party (subject to "fiduciary out" provisions that entitle either party to consider and accept a superior proposal and a 5-business day "right to match" period) and provisions that each of the parties will pay a termination fee of $400,000 upon the occurrence of customary termination fee events.
Copies of the Arrangement Agreement will be filed with Canadian regulators and will be available at the SEDAR website at www.sedar.com under EUU's and PAX's profiles. The terms and condition of the Definitive Agreement will also be disclosed in more details in the management information circulars of EUU and PAX which will be mailed to their respective shareholders in due course.
Additional Information
Dorian (Dusty) Nicol, a director and the President and CEO of EUU, holds approximately 5.4% of the issued and outstanding shares of PAX (pre-GRIT Financing). Peter Bojtos, a director of EUU, holds approximately 0.076% of the issued and outstanding shares of PAX (pre-GRIT Financing), respectively. Due to their respective interest in EUU, Messrs. Nicol and Bojtos abstained from voting on the EUU Board resolution to approve the Arrangement Agreement.
The Merger may require a sponsoring broker member of the TSVX. EUU is looking into whether an exemption from this requirement may be available.
Completion of the transaction is subject to a number of conditions, including Exchange acceptance and disinterested Shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.
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