Typhoon Exploration Inc. announces the participation of an additional subscriber to its private placement, which now totals 6,100,000 flow-through common shares at a price of $0.065 per share for an aggregate gross proceed of $396,500. As announces earlier, in connection with the Offering, Typhoon has paid finder fees in cash aggregating $16,500 [...]
Typhoon Exploration Inc. announces the closing of a private placement of 5,330,769 flow-through common shares at a price of $0.065 per share for an aggregate gross proceed of $346,500. In connection with the Offering, Typhoon has paid finder fees in cash aggregating $16,500 and has issued 253,847 compensation options, each entitling its holder to [...]
Typhoon Exploration Inc. received an intervention permit to prepare drill emplacements and accesses on the Aiguebelle-Goldfields claims block, located about 35 km northeast of Rouyn-Noranda. This start-up of field works is the result of the completion of all the required consultation steps in the area, and the securing of a right of access with [...]
Typhoon Exploration Inc. is happy to announce that, at its Annual General Meeting held September 9th, its shareholders confirmed all members of its Interim Board of Directors. After the AGM, the directors decided their respective roles: Ghislain Morin: CEO Serge Roy: Chairman of the Board Yves Dufour: Director André Gauthier: Director The Company [...]
Typhoon Exploration Inc. announces that it will launch new exploration works on its Aiguebelle-Goldfields Property, which it now solely owns. The main drilled gold occurrence on Typhoon's ground is located approximately 200 metres westward from the Fayolle Property, for which Monarch Gold Corporation recently released preliminary drill results of [...]
Typhoon Exploration announces the following changes the information circular issued for its Annual general meeting to be held on September 9th. The Company has decided to: Lower the salaries of Mr. Ghislain Morin and Mr. Serge Roy by 50%, for the duration of one year starting September 1, 2020; Lower by 50% the provisions of Mr. Morin's and Mr [...]
Typhoon Exploration finalized an agreement with Agnico Eagle Mines Limited to acquire its residual interest in the Fay West Property. In exchange, Typhoon will pay $25,000 in cash; issue 500,000 common shares; and grant a 2% net smelter return royalty on the Fay West Property. With this agreement, which is conditional to the TSX Venture Exchange's [...]
Typhoon Exploration announces that it has filed its Circular in connection with the Annual General and Special meeting of its shareholders to be held on September 9, 2020. The Circular is available under the Company's profile on SEDAR. In the Circular, one of the items to be presented at the Meeting is the proposition by Typhoon to consolidate its [...]
Typhoon Exploration Inc. is pleased to present a financial update for the Company's period ending July 28, 2020. On July 28, the Company filed financial statements, which indicate cash on hand of $958,299 along with $269,136 reserved for exploration, totalling $1,227,435. In addition, the Company holds 2,266,000 shares of Monarch Gold Corporation [...]
Typhoon Exploration Inc. is proud to announce a private placement of $190,000. The private placement consists of issuance of 3,800,000 shares at a price of $0.05 per share with 3,800,000 share purchase warrants. Each share purchase warrant shall entitle its holder thereof to acquire one additional common share of Typhoon at a price of $0.075 for a [...]
Typhoon Exploration Inc. is proud to announce the arrival of a new experienced director on its team. Mr. André Gauthier will replace Léo Patry, who recently left Typhoon's Board of Directors. Typhoon wishes to thank Mr. Patry for his years of services to Typhoon. Having been involved in the development of the James Bay project, one of Quebec's [...]
Typhoon Exploration Inc. announces the reduction of its operation expenses for the duration of the COVID-19 pandemic. The COVID-19 pandemic has reduced public companies' financing, and Typhoon is no exception. Even if Typhoon maintains a good current ratio, its Board of Directors has decided to reduce the company's operation and exploration [...]
