Nordic Gold Inc. is pleased to announce that further to its Letter to Shareholders detailing the Company's path forward - management and Coffey, a Tetra Tech Company have finalized the Company's proposed drill program at its Laiva Project in Finland designed to infill drill targets for the third pit within 200 m of the existing pit, infill drill [...]
Nordic Gold Inc., is pleased to announce a National Instrument 43-101 Mineral Resource Update for the Laiva Project. The NI 43-101 Technical Report prepared by Tetra Tech / Coffey will be filed on SEDAR shortly. Brian Wesson, CEO/President of Nordic Gold Inc., commented: "The release of this report is a significant milestone for the Company and [...]
Nordic Gold Inc. - Brian Wesson releases the following letter on behalf of the Board of Directors. Dear Shareholders, I would like to take this opportunity to introduce myself, provide a corporate update and outline the immediate path forward for the Company. Lionsbridge Capital Pty Ltd. has undertaken a comprehensive review of the Company with a [...]
Nordic Gold Inc. is pleased to announce that it has today entered into an agreement to settle the outstanding CDN$63.4 million liability, plus care and maintenance funds over the last 3 months of approximately USD5 million, owed to Pandion Mine Finance for total consideration of USD24.56 million payable over the following 24 months. The new [...]
Nordic Gold Inc.Nordic Gold Inc. announces that its board of directors have approved the granting of 2,400,000 options under the Company's rolling stock option plan, with each option having a 5 year term and an exercise price of $0.05. The options in question were granted to directors, senior offers, key employees and certain consultants. For [...]
Nordic Gold Inc. Further to the Company's press release dated July 2, 2019, the Company is pleased to announce the results of the Annual and Special Meeting of shareholders held on August 28, 2019. At such Meeting, shareholders approved all resolutions, namely: 1.the election of Brian Wesson, Clyde Wesson and Yvette Harrison to serve as directors [...]
Nordic Gold Inc. today announced that it has entered into agreements to restructure the management and board of the Company, subject to the final approval of the TSX Venture Exchange and the Company's shareholders. The Company has entered into a services agreement with both Lionsbridge Capital Pty Ltd. and Westech International Pty Ltd. under which [...]
Nordic Gold Inc. today announced that since starting production on 30th November 2018, the company has poured and sold 8,238 ounces of gold. In addition, Pandion Mine Finance, has agreed to fund the company during the care and maintenance period via a series of monthly loans to cover the costs of care and maintenance. The loan requirements will be [...]
Nordic Gold Inc. today announced that due to continued underperformance of its mining contractor, the shortfall in tonnes and grade to the mill has not improved. Despite written warnings, only slight improvements have been made and the contract with the current mining contractor has now been terminated in order to reduce the outflow of cash. To [...]
Nordic Gold Inc. today announced that due to a shortfall in tonnes and grade to the mill, it is experiencing liquidity and operational issues. Although the Company was funded to production by a gold forward sale and a loan, Nordic began operations with a working capital deficit and has continued operating with a working capital deficit to date [...]
NORDIC GOLD INC. today announced that it has produced a total of 145.3kg of dore since the first pour on 30th November 2018. 38,5kg dore were produced at the 1st pour and 78kg of dore was produced in December 2018, resulting in total 2018 production of 116.5kg of dore . To date, production in 2019 is 39.7kg of dore . Click Image To View Full Size [...]
NORDIC GOLD INC. today announced a correction to its press release, disseminated on Monday, December 24, 2018. The December 24th Release incorrectly stated that PFL Raahe Holdings LP has been issued an additional 477,600 Common Shares pursuant to the Pre-Paid Forward Gold Purchase Agreement dated November 2017 between the Company and PFL, however [...]
