Melior Resources Inc. today has entered into an amended demand promissory note with Pala Investments Limited , a shareholder of Melior. On November 20, 2019, the Company entered the promissory note with Pala, totaling US$105,550 and maturing on March 31, 2020. The maturity was subsequently amended to October 31, 2020. Further details of the terms [...]
Melior Resources Inc. refers to its press release of May 19, 2020 regarding the Default Notice received from Pala Investments Ltd. and the subsequent Standstill Agreement entered into with Pala. The Company announces that it has entered into a further standstill amending agreement with Pala pursuant to which Pala has agreed to extend the standstill [...]
Melior Resources Inc. announces that, following the requisite filings of all outstanding continuous disclosure documents in accordance with instructions from the Ontario Securities Commission, the Company is up to date with all of its continuous disclosure obligations and the Company has received confirmation that the cease trade order has been [...]
Melior Resources Inc. today announces that it has filed on SEDAR its amended and restated Management’s Discussion & Analysis and interim financial statements for the three months ended September 30, 2019 and the six months ended December 31, 2019 along with accompanying certifications. The refilling’s have occurred following a review conducted by [...]
Melior Resources Inc. refers to its press release of February 26, 2020 regarding the Default Notice received from Pala Investments Ltd and the subsequent Standstill Agreement entered into with Pala. The Company announces that it has entered into a further standstill amending agreement with Pala pursuant to which Pala has agreed to extend the [...]
Melior Resources Inc. today provides a corporate update. Promissory Note On November 20, 2019, the Company entered into a demand promissory note with Pala Investments Limited , a shareholder of Melior, totaling US$105,000. Further details of the terms of the Promissory Note can be found in the press release of November 20, 2019. Today, Melior [...]
Melior Resources Inc. refers to its press release of December 31, 2019 regarding the Default Notice received from Pala Investments Ltd. and the subsequent Standstill Agreement entered into with Pala. The Company announces that it has entered into a further standstill amending agreement with Pala pursuant to which Pala has agreed to extend the [...]
Melior Resources Inc. refers to its press release of November 20, 2019 regarding the Default Notice received from the Senior Lender and the subsequent Standstill Agreement entered into with the Pala Investments Ltd. The Company announces that it has entered into a further standstill amending agreement with Pala pursuant to which Pala has agreed to [...]
Melior Resources Inc. today announces that it has entered into a demand promissory note with Pala Investments Limited , a shareholder of Melior, to be used for the purpose of funding the completion of Melior’s annual audit. The Promissory Note is for an aggregate principal amount of US$105,550.00 and carries an interest rate of 5% per annum [...]
Melior Resources Inc. announces that it expects a delay of approximately 30 days in filing its audited annual financial statements, management’s discussion and analysis and related officer certifications for the year ended June 30, 2019 , which are required to be filed on October 28, 2019 . Due to the recent appointment of voluntary [...]
Melior Resources Inc. refers to its press release of September 13, 2019 regarding the Default Notice received from the Senior Lender and the subsequent Standstill Agreement entered into with the Senior Lender. The Company announces that it has entered into a standstill amending agreement with the Senior Lender pursuant to which the Senior Lender [...]
Melior Resources Inc. today announces the resignation of Phil Day from the Board of Directors, effective from October 2, 2019. Furthermore, following the appointment of Voluntary Administrators of its wholly-owned subsidiaries as detailed in the press release of September 9, 2019, the Board have agreed to suspend all Board fees effective September [...]