Strait Minerals wishes to announce that it is offering up to 5,000,000 working capital units of the Company at a price of $0.07 per WC Unit for gross proceeds of up to $350,000. Each WC Unit will consist of one (1) common share of the Company and one (1) share purchase warrant. Each WC Warrant will entitle the holder to acquire an additional common [...]
Strait Minerals is pleased to report that Teck Resources has exercised 3,000,000 warrants to purchase 3,000,000 common shares of Strait at $0.12 per share for net proceeds to Strait of $360,000. Teck now directly holds 9,000,000 common shares of Strait, representing approximately 14.9% of the issued and outstanding common shares of the Company [...]
Strait Minerals has received approval from the TSX Venture Exchange to reduce the exercise price of 3,000,000 warrants held by Teck Resources to $0.12 from $0.35 per share in consideration for Teck agreeing to exercise the Warrants within five (5) business days of receipt of approval from the Exchange. The Warrants were issued pursuant to a [...]
Strait Minerals is pleased to report it has received approval from Peru's Mines Minister to resume drilling at its 100%-owned Alicia copper-gold property. A 6,000-metre drill program at Alicia was put on hold in October, 2012, pending clarification by the ministry of regulations regarding consultation with indigenous people. When the drill program [...]
Strait Minerals is pleased to report that it has signed an amendment agreement with Teck Peru S.A. whereby Teck Peru will pay the Company's wholly owned subsidiary Minera Strait Gold Peru S.A.C. $50,000 per month for 3 months in lieu of expenditures on the Alicia property. Strait granted to Teck Peru an option to earn up to a 75% interest in the [...]
Strait Minerals is pleased to report that it has exercised its option to earn a 100% interest in the Alicia copper-gold property in Peru. The Company issued 400,000 common shares to Panoro Minerals Ltd. (the "Vendor") as the final payment under the option agreement and has expended in excess of US$1,250,000 ($2,945,152 actually expended to the end [...]
Strait Minerals wishes to announce that an aggregate of 1,425,000 options to purchase common shares of the Corporation at $0.10 per share for five (5) years have been granted to seven (7) directors, one (1) executive officer, three (3) employees and three (3) consultants of the Corporation. About Strait Minerals Inc. is a Canadian mineral [...]
Strait Minerals has recently been notified of the results of a review of its interim financial reports as at March 31, 2012, June 30, 2012, and September 30, 2012, by the Ontario Securities Commission's Corporate Finance branch. The OSC Finance branch noted that the Company is required to include comparative financial information for prior periods [...]
Strait Minerals is pleased to report results of recent chip sampling from a previously unexplored area of its Alicia property in Peru. Highlights include 15.12% zinc, 989 grams per tonne (g/t) silver, greater than 30% lead, 3.27 g/t gold and 5.8% copper (see table below).The sampling program was conducted in the vicinity of old workings in the [...]
Strait Minerals has deferred drilling at its Alicia copper-gold property in Peru pending approval of the exploration permit by the Ministry of Mines to start the program. Teck Peru is funding the $2-million exploration program under an option agreement with the Company. Drilling will start upon receiving approval as required under new regulations [...]
Strait Minerals is pleased to announce that it has closed a private placement with Teck Resources whereby Teck subscribed for 3,000,000 common shares of Strait at $0.10 per share. The securities issued to Teck are legended and restricted from trading until December 16, 2012. The funds will be used by the Company for general working capital.As a [...]
Strait Minerals is pleased to report that it has entered into a contract for diamond drilling at its Alicia copper-gold project in Peru with camp preparation to begin August 20 and drilling to commence shortly after. The Company has retained Consorcio JM S.A.C. of Arequipa, Peru, to conduct an initial 6,000 metres of core drilling, a program funded [...]
