Metallum Resources is pleased to announce that 2315257 Ontario, the holding company for its operating subsidiary One Up Games, has completed a non-brokered financing of US$3,215,000 million of units issued at US$0.20 per unit (prior to giving effect to the proposed Metallum consolidation and the exchange ratio under the arrangement between Metallum [...]
Metallum Resources is pleased to announce that it has entered into a definitive arrangement agreement with 2315257 Ontario, the holding company for its operating subsidiary OneUp Games, pursuant to which Metallum and Holdco have agreed to complete the business combination initially described in Metallum's press release of May 4, 2015 by way of an [...]
Metallum Resources is pleased to announce that the Company has entered into an agreement for a best efforts private placement financing of subscription receipts with a syndicate of agents led by Cormark Securities Inc., and including Dundee Securities Ltd. and Paradigm Capital, for gross proceeds of up to US$5,000,000. The Agents have been granted [...]
Metallum Resources is pleased to announce that it has signed a letter of intent with 2315257 Ontario Inc., a corporation existing under the laws of Ontario, which is the holding company for its operating subsidiary OneUp Games, LLC. Holdco was incorporated on January 31, 2012. The LOI outlines the terms and conditions of the proposed business [...]
Metallum Resources announces that it has received repayment of $1.715 million, in settlement of its $1.5 million loan made to 2390110 Ontario Inc., an arm's length entity incorporated to acquire a property located at 321 University Avenue, Belleville. The details of the underlying agreement are included in the Company's November 20, 2013 press [...]
Metallum Resources announces that today its Board of Directors granted 200,000 options under the Company's Stock Option Plan to each of two of its directors. The 400,000 options in aggregate have been granted for a period of 5 years and have an exercise price of $0.10. All options granted are subject to the terms and provisions of the Stock Option [...]
etallum Resources announces that it has entered into an agreement to loan $1.5 million to 2390110 Ontario Inc., an arm's length entity incorporated to acquire a property located at 321 University Avenue, Belleville. The Borrower has raised $3.5 million to complete the purchase of the Property. The Property is the site of Exxon Mobil Chemical Films [...]
Metallum Resources announces that it has decided to withdraw from its Option and Joint Venture Agreement with Silver Standard Resources Inc. on the M-18 gold property in Argentina. The Company has informed Silver Standard Resources Inc. of its decision and has begun the process of winding down its activities in Argentina. Metallum's Board of [...]
Metallum Resources announces the results from its 2013 annual and special meeting of shareholders held on August 27, 2013 (the "Meeting"). Items on the agenda at the Meeting included the election of the board of directors, the appointment of MNP LLP as auditors of the Company for the ensuing year, approving a resolution confirming and ratifying a [...]
Metallum Resources announces that Greg Lipton, its President and Chief Executive Officer, and also a Director, will be stepping down from these positions effective July 31, 2013. Mr. Lipton will be replaced by Robert Suttie, the Company's current Chief Financial Officer, as Interim CEO until a suitable replacement has been found. The Board wishes [...]
Metallum Resources announces that on May 24, 2013 its Board of Directors granted 1,500,000 options under the Company's Stock Option Plan to its various directors and/or officers/and a consultant (consisting of 6 persons) to replace 1,325,000 options which expired on May 1, 2013. The options have been granted for a period of 5 years and have an [...]
Metallum Resources announces that it has decided to postpone further exploration activities on its M-18 gold property in Chubut Province, Argentina until further clarification of the final terms of new mining legislation presently under review by the provincial legislature of Chubut has been resolved. The draft law presented to legislature includes [...]