Philippine Metals Inc. announces that Marshall Farris has resigned as a Director and President of the Company effective immediately. Mr. Farris resigned in order to focus on his growing Exempt Market Dealer business, Ascenta Finance Corp. The Company would like to thank Mr. Farris for his long service and contributions to the Company and wishes him [...]
Philippine Metals Inc. is pleased to announce the acquisition of an option to acquire a 100% interest in the 1,161 hectare Consortium Property located in British Columbia, Canada. The arm's length acquisition is subject only to a 3.0% NSR royalty interest in favour of the vendor. Key Highlights The Property is located 55 kilometres northwest of [...]
Philippine Metals Inc. today announces that its shares will be re-instated for trading as of November 2, 2020. Additionally, the TSX Venture Exchange has advised the Company that it does not meet the Exchange's Tier 2 Continued Listing Requirements . The Exchange has provided the Company 90 days to submit documentation evidencing that it meets Tier [...]
Philippine Metals Inc. announces that the letter of intent dated June 22, 2020 between the Company and Bravo Zulu Drone Defense Inc. has expired. As a result, the Company has re-initiated the process of reviewing alternate transactions. "Craig T. Lindsay" CEO For additional information, please contact: Craig Lindsay Tel: 218-0550 Email [...]
Philippine Metals Inc. is pleased to announce that it has entered into a letter of intent dated June 22, 2020 with Bravo Zulu Drone Defense Inc. pursuant to which the parties will, inter alia, negotiate a plan of arrangement agreement whereby PMI will acquire all of the outstanding shares of Bravo Zulu in exchange for shares of the Company . The [...]
Philippine Metals Inc. is pleased to provide the following corporate update. The Company has been advised by the TSX Venture Exchange that it does not currently meet the Continued Listing Requirements for a Tier 2 mining Issuer in accordance with Exchange Policy 2.5, Section 2.1. Therefore, the Exchange may place the Company on notice to transfer [...]
Philippine Metals Inc. announces that Mr. Paul Bains has resigned as a Director of the Company. The Company thanks Mr. Bains for his valuable contributions to the Company and wishes him well in his future endeavors. "Craig T. Lindsay" Chief Executive Officer For additional information, please contact: Craig Lindsay Tel: 218 0550 Neither TSX Venture [...]
Philippine Metals Inc. announces that the letter of intent to acquire Labtronix Inc. has been terminated and the transactions contemplated therein will not proceed. Labtronix, doing business as Venom Extracts, breached a number of material conditions and covenants with respect to the LOI and PMI is reviewing its options with respect to these [...]
Philippine Metals Inc. is pleased to update its shareholders on recent developments in connection with the proposed acquisition of Venom Extracts . Specifically, Venom Extracts has now secured a lease on a new, ready to use, five thousand square foot cannabis extraction laboratory in Las Vegas, Nevada. This facility is fully licensed which allows [...]
Philippine Metals Inc. announces that it has closed the private placement financing announced on July 4, 2019. Specifically, PMI has issued 3,571,428 shares at a price of $0.07 per share for gross proceeds of $249,999.96. The net proceeds of the private placement will be used for general working capital purposes and to fund expenses related to the [...]
Philippine Metals Inc. announces that it will be proceeding with a non-brokered private placement of up to 3,571,425 shares at a price of $0.07 per share for gross proceeds of up to $249,999.75. The net proceeds of the private placement will be used to fund the costs related to the transaction announced in the Company's press release dated June 25 [...]
Philippine Metals Inc. is pleased to announce that it has entered into a letter of intent dated June 24, 2019, with an Arizona company doing business under the name Venom Extracts , whereby PHI will acquire all of the outstanding shares of Venom in exchange for shares of the Company . The Acquisition will constitute a reverse takeover of the [...]
