Kerr Mines Inc. is pleased to provide an update on its resource expansion drilling program at its Copperstone gold project located in Arizona, United States. Kerr Mines is currently drilling the fourth out of up to 20 drill holes for the surface drilling program with drill assays currently pending. The four holes are, by design, focused on resource [...]
Kerr Mines Inc. , provides an update of recent project developments at its 100% owned Copperstone gold project located in Arizona, USA. 2020 Resource Expansion and Drilling Update Positive results from the Company’s 2019 successful drilling program totaling 5,000 meters have been incorporated into our planning for the second phase of resource [...]
Kerr Mines Inc. is pleased to announce that it has closed its previously announced bought deal financing for aggregate gross proceeds of $5,000,800. Pursuant to the Offering, the Company issued a total of 35,720,000 units of the Company at a price of C$0.14 per Unit. Each Unit consists of one common share in the capital of the Company and one half [...]
Kerr Mines Inc. is pleased to announce it has entered into an agreement to acquire a 3% Gross Production Royalty from Trans Oceanic Mineral Company, which will reduce the aggregate Royalty on the Copperstone Gold Mine from 6% to 3%. The Copperstone Gold Mine is currently subject to an aggregate 6% Royalty held by TOMCL and the Angie Patch [...]
Kerr Mines Inc. is pleased to announce that it amended the terms of its previously announced offering of units of the Company. Under the amended terms of the Offering , Haywood Securities, has agreed to buy, on a bought deal basis, 35,720,000 units of the Company, at a price of C$0.14 per Unit for gross proceeds of $5,000,800 . Each Unit will [...]
Kerr Mines is pleased to announce that it has entered into an agreement with Haywood Securities Inc., under which the Underwriter has agreed to buy, on a bought deal basis, 21,500,000 units of the Company, at a price of C$0.14 per Unit for gross proceeds of $3,010,000. Each Unit will consist of one common share in the capital of the Company and one [...]
Kerr Mines Inc. is pleased to announce its plans for the first phase of its 2020 resource and reserve expansion program which will consist of an initial 5,000 meters and up to 44 holes of both core and reverse circulation drilling at the Copperstone Mine located in Arizona, USA. Based on a very successful 2019 drilling program, this success driven [...]
Kerr Mines Inc. announces the completion of its previously announced financing by Sprott Private Resource Lending of an additional US$500,000 under its current US$1.5 million senior secured convertible note. The Sprott Note bears interest at a rate of 9% per annum payable semi-annually. The maturity date of the Sprott Note has also been extended to [...]
Kerr Mines Inc., announces the closing of its non-brokered private placement raising gross proceeds of $3.21 million. The Offering, previously announced on February 11, 2020 and targeting proceeds of $2.5 million, was oversubscribed due to investor demand. Furthermore, Sprott Private Resource Lending LP has agreed to increase its current US$1.5 [...]
Kerr Mines announces that it proposes to offer on a non-brokered private placement basis up to 18 million units of the Company offered at CDN$0.14 per Unit for total gross proceeds of up to CDN$2.5 million. Each Unit will consist of one common share in the capital stock of the Company and one common share purchase warrant, with each Warrant [...]
Kerr Mines is very pleased to announce that on January 22nd the U.S. Bureau of Land Management issued a Decision of Record based on a Finding of No Significant Impact formally approving Kerr’s Mining Plan of Operation “ at its 100% owned Copperstone Mine gold project located in Arizona, USA. Following KERR’s application in June of [...]
Kerr Mines Iis pleased to provide an update on recent positive developments on receipt of a Decision of Record at its 100% owned Copperstone Mine gold project located in Arizona, USA. On December 17, 2019 the U.S. Bureau of Land Management closed the Environmental Assessment Notice period in support of the Mine Plan of Operation for the Copperstone [...]