Magellan Minerals is pleased to announce that it has completed a non-brokered private placement financing of 7,100,000 units of the Company at a price of $0.05 per Unit, for gross proceeds of $355,000. Each Unit consists of one common share and one non-transferable share purchase warrant. Each warrant is exercisable into one additional common share [...]
Magellan is pleased to announce that it has completed a non-brokered private placement financing of 19,948,776 units of the Company at a price of $0.05 per Unit, for gross proceeds of $997,439. Each Unit consists of one common share and one non-transferable share purchase warrant. Each warrant is exercisable into one additional common share at a [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 2, 2015) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce that the previously announced offering of a $500,000 non-brokered private placement (see the Company's news release dated August 4, 2015) has been oversubscribed. The expanded offering will now comprise up to [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 24, 2015) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce that it has paid the non-refundable deposit of US$150,000 to ASX listed Troy Resources Ltd. ("Troy") relating to the purchase of Troy's gold processing plant, associated equipment and mining fleet ("Andorinhas [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 23, 2015) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce that it has appointed Mr. Zengliang Li to Magellan's Board of Directors. Mr. Li is the Chairman and majority shareholder of Inner Mongolia Dongshen Coal Co. Ltd ("IMDC"). IMDC is a large scale mining company [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 26, 2015) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce that it has reached an agreement with ASX listed Troy Resources Ltd. ("Troy") for the purchase of Troy's gold processing plant, associated equipment and mining fleet ("Andorinhas Assets") at its Andorinhas mine [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 4, 2015) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce the offering of a non-brokered private placement financing of 10,000,000 units (the "Units") of Magellan at a price of $0.05 per Unit, for gross proceeds of up to $500,000. Each Unit will consist of one common [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2015) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce that further to its news release dated April 8, 2015, it has filed with the British Columbia, Alberta, Ontario and Nova Scotia Securities Commissions, a NI 43-101 Technical Report dated May 13, 2015 (the "Report [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2015) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce an updated National Instrument 43-101 compliant feasibility level resource estimate prepared by Snowden Mineral Industry Consultants ("Snowden") for the Coringa Project, Para State, Brazil. Highlights include [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 19, 2015) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to provide an update on its on-going feasibility study at the 100% owned Coringa Project in Brazil which recommenced in October 2014. Coringa is a steeply dipping high-grade narrow vein gold project located in Para, and is [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 5, 2014) - Magellan Minerals Inc. (TSX VENTURE:MNM) ("Magellan") announces that it has entered into a debt settlement agreement with one of its creditors, a provider of financial advisory services to Magellan in connection with the Coringa feasibility study. The principal terms of the agreement are [...]
Magellan Minerals is pleased to announce that it has closed the third and final tranche of its private placement financing of 30,000,000 units of Magellan at a price of $0.10 per Unit, for gross proceeds of $3,000,000. Each Unit consists of one common share and one-half of a share purchase warrant. Each whole warrant is exercisable into one [...]
