Serengeti Resources Inc. is pleased to report that the Board of Directors and Shareholders of Kwanika Copper Corporation have approved a budget for exploration and project optimization to be completed at the Kwanika Project during 2020. Upon completion, Serengeti will own 67% of KCC as a result of sole funding the 2020 program. The 2020 program [...]
Serengeti Resources Inc. Further to the Company’s news release of December 18, 2019 wherein it was announced that the Company had arranged a non-brokered private placement to raise gross proceeds of up to CDN $500,000, the Company reports that due to overwhelming interest, it increased the offering to $695,443. The Financing has now closed [...]
Serengeti Resources Inc. announces closing of the second and final tranche of its non-brokered flow through private placement financing originally announced December 12, 2019. In the second tranche, the Company issued a total of 884,000 Flow Through Common Shares at a price of $0.24 per FT Share to raise gross proceeds of CDN$212,160.00 [...]
Serengeti Resources Inc. announces closing of a first tranche of its non-brokered flow through private placement financing originally announced December 12, 2019. The Company issued a total of 5,968,000 Flow Through Common Shares at a price of $0.24 per FT Share to raise gross proceeds of CDN$1,432,320.00. Finders’ fees totaling $91,022.40 in [...]
Serengeti Resources Inc. announces a non-brokered Flow Through private placement financing to raise gross proceeds of up to CDN$1,500,000 through the sale of up to 6,250,000 flow-through common shares at a price of $0.24 per FT Share . The Offering is expected to close on or about December 17, 2019 . Completion of the Offering is subject to receipt [...]
Serengeti Resources Inc. is pleased to report results from recent field mapping and prospecting at the Top Cat property, which is under option from the Pinchi Group [see Serengeti press release dated July 23rd, 2019] . The Top Cat property covers approximately 240 sq. km. in north-central BC. The property adjoins the western margin of Sun Metals' and Teck's Lorraine claim groups. It lies [...]
Serengeti Resources Inc. reports that Kwanika Copper Corp. , the joint venture company owned by SERENGETI and POSCO INTERNATIONAL Corporation , has determined that it is not in a position to complete the Kwanika Prefeasibility Study at this time due to lack of funding and instead will focus on completing an Interim Study Report. Kwanika is a [...]
Serengeti Resources Inc. is pleased to report results from the 2019 drilling campaign at the ATTY Project in north-central BC, and to provide an update on the Croy-Bloom and Topcat exploration programs. ATTY lies immediately north of and adjacent to Centerra Gold’s Kemess property. Serengeti secured an option to earn a 100% interest in the [...]
Serengeti Resources Inc. is pleased to report that at the Annual and Special General Meeting of its shareholders held September 24, 2019 , the Company experienced a strong turnout of votes. A total of 90 votes were received in person and by proxy, representing 36,829,962 shares or 37.68% of the Company’s issued share capital. All resolutions [...]
Serengeti Resources Inc. announces that it has now closed its convertible loan financing for CAD $700,000.00 with various private investors . . Proceeds from the Loan financing will be used to cover the Company’s share of current expenditures for the Kwanika PFS and for general corporate purposes. All common shares which may be issued [...]
Serengeti Resources Inc. is pleased to report results from recent field mapping and geophysical work at the Company’s wholly-owned Arjay and West Goldway properties. The properties, located approximately 6km west of the Omenica Resource Access Road and 45km south-southeast of Centerra Gold’s Kemess project, have now been connected via [...]
Serengeti Resources Inc. announces that it intends to conduct a convertible loan financing for up to CAD $700,000.00 with various private investors. The Loan will bear interest at the rate of 1% per month from closing of the Loan financing, calculated monthly and payable quarterly, with no compounding of interest. Security for the Loan will be a [...]
