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 [...]
Gowest Gold Ltd. is saddened to announce the recent passing of Gregory 'Greg' Hart, the Company's previous Mine Manger. Mr. Hart died in Timmins, Ontario on August 29th in his 61st year. Mr. Hart joined the Gowest team as Mine Manager in September 2017, bringing his over 38 years of direct experience in leading mining and construction activities to [...]
Gowest Gold Ltd. is pleased to announce today the appointment of Mr. Dan Gagnon as President and Chief Executive Officer of the Corporation, effective October 4th. He will replace Interim President and CEO, Mr. Yungang Wu, P. Geo., who will remain a member of Gowest's Board of Directors and Technical Team. Mr. Gagnon, who is from and lives in [...]
Gowest Gold Ltd. is pleased to announce that, subject to TSX Venture Exchange approval and compliance with all applicable regulatory requirements, the Company intends to convert a total 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, is [...]
Gowest Gold Ltd. announced today that Ms. Janet O'Donnell, the Chief Financial Officer of the Corporation, has given notice that she will be resigning from the Corporation effective August 28, 2021. The Corporation has commenced the process of identifying a new Chief Financial Officer and it is intended that Ms. O'Donnell will be available assist [...]
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. The proceeds of the loan will be used by Gowest for general corporate purposes. Meirong Yuan, a director of Gowest, is also a director of Lush Land. The bridge loan [...]
Gowest Gold Ltd. and Mr. Gregory Romain, having agreed to the next steps in the growth of the Corporation, would like to announce that Mr. Romain will be stepping down effective today from the Board of Directors and as President and Chief Executive Officer of the Corporation after having served the Corporation for the past 13 years. Replacing Mr [...]
Gowest Gold Ltd. is pleased to provide an update on the processing of the first gold ore from the Company's 100% owned Bradshaw Gold Deposit . In late January 2021, Gowest successfully completed processing 23,000 tonnes of the gold-bearing mixed development, unclassified material stockpiled during the commencement of its bulk sample program at [...]
Gowest Gold Ltd. today provided an update on its annual and special meeting of shareholders scheduled to be held on January 29, 2021 . In light of the COVID-19 pandemic and in keeping with the current Government of Ontario stay-at-home order, and in the interest of protecting the health and safety of Gowest’s shareholders, employees and the [...]
