Fortune Future Holdings Limited today announced that it has filed an early warning report in connection with the disposal of an aggregate of 17,777,777 Common Shares of Gowest Gold Ltd. , at a price of $0.35 per share, to an arm's length third party by private agreement. Prior to the Transaction, the Corporation held ownership and control over [...]
Gowest Gold Ltd. announces the resignation of Mr. Yungang Wu, P.Geo., as a director of the Board of the Corporation. The Corporation has commenced a search for Mr. Wu's replacement. C. Fraser Elliott, Chairman, commented: "I would like to thank Yungang for his support and dedication as a member of our team over the years as Gowest has continued to [...]
Gowest Gold Ltd. announced today that a statement of claim has been issued against the Company under the Construction Lien Act by Cementation Canada Inc., seeking payment in the amount of approximately $7.4 million in respect of certain services and materials provided to the Company under a contract between the parties dated as of March 2, 2017 [...]
Gowest Gold Ltd. is pleased to provide an update on its previously announced investment by Greenwater Investment Hong Kong Limited of up to $19,000,000 . In accordance with the terms and conditions of the subscription agreement between Gowest and Greenwater dated January 24, 2022 , Gowest has issued to Greenwater an aggregate of 84,615,383 Units [...]
Gowest Gold Ltd. provided an update on its annual and special meeting of shareholders held today at which a significant majority of shareholders present or represented by proxy voted in favour of the resolution approving the previously announced investment by Greenwater Investment Hong Kong Limited of up to $19 million. In accordance with the [...]
Gowest Gold Ltd. announced today that it has completed the issuance and sale to Greenwater Investment Hong Kong Limited of promissory notes in an aggregate principal amount of $7,500,000 , for an aggregate purchase price of $7,500,000. The issuance and sale of the Promissory Notes form part of a larger financing initiative of the Corporation [...]
Gowest Gold Ltd. announced today that Greenwater Investment Hong Kong Limited has agreed to purchase from Gowest, on a private placement basis, pursuant to a subscription agreement between the parties dated January 24, 2022: promissory notes in an aggregate principal amount of $7,500,000 , for an aggregate purchase price of $7,500,000 , which shall [...]
Gowest Gold Ltd. announced today that, following acceptance of the transaction by the TSX Venture Exchange, the Company has issued 1,503,644 shares to settle an aggregate of $240,583 of indebtedness . As previously announced , the shares were issued at a deemed price of $0.16 per share, to non-management directors of the Company, in satisfaction of [...]
Gowest Gold Ltd. announced today that it intends to settle up to an aggregate of $240,583 of indebtedness through the issuance of common shares of the Company. Pursuant to the proposed Debt Settlement, the Company will issue 1,503,644 common shares, at a deemed price of $0.16 per share, to non-management directors of the Company, in satisfaction of [...]
Gowest Gold Ltd. announced today that it has entered into a loan agreement with Lush Land Investment Canada Inc. in respect of a bridge loan in the principal amount of $1,000,000 for working capital. The loan matures on October 31, 2022. Interest on the outstanding principal balance shall accrue daily and be calculated, in arrears, at the rate of [...]
Gowest Gold Ltd. announced today that, effective October 15, 2021, it has completed its previously reported conversion of an aggregate of $18,024,088 of debt owed to four separate creditors into equity of Gowest . The Debt, which was incurred by the Company to support operations since 2017, was converted into common shares of Gowest at a conversion [...]
Gowest Gold Ltd. announced today that it has entered into a loan agreement with Meirong Yuan, a director of Gowest, in respect of a bridge loan in the principal amount of $500,000. The proceeds of the loan will be used by Gowest for general corporate purposes. The bridge loan matures on September 15, 2022. Interest on the daily outstanding [...]