Sandspring Resources announces that it has acquired ownership and control of an aggregate of 34,283,292 common shares of PNO Resources Ltd.. The Subject Shares were acquired by Sandspring pursuant to a three-cornered amalgamation effected by way of a plan of arrangement in which the Company amalgamated with a wholly-owned subsidiary of Sandspring [...]
Sandspring Resources and PNO Resources are pleased to announce completion of the previously announced acquisition by Sandspring of PNO by way of a court approved plan of arrangement. Completion of the Acquisition has brought the capital required to advance Sandspring's Toroparu Gold Project in the near term, while also expanding the expertise of [...]
PNO Resources is pleased to announce that, further to the press releases dated July 6, 14 and 20, 2015, it has now closed the first tranche of the previously announced private placement financing (the "Private Placement") raising gross proceeds of $4,105,000. PNO issued an aggregate of of 20,525,000 subscription receipts ("Subscription Receipts [...]
Sandspring Resources and PNO Resources are pleased to announce that, further to the press release dated July 6, 2015, they have now entered into a definitive agreement providing for the acquisition by Sandspring of PNO by way of a court approved plan of arrangement. Sandspring is a Canadian junior mining company currently in advanced exploration [...]
Sandspring Resources and PNO Resources are pleased to announce that further to the news release dated July 6, 2015, the offering has now been increased by an additional 5,000,000 units at $0.20/unit for proceeds of $1,000,000. This brings the total gross proceeds to $4,500,000 subject to final approval from the TSX Venture Exchange.
Sandspring Resources and PNO Resources are pleased to announce that they have entered into a binding letter agreement dated as of July 2, 2015 providing for the acquisition by Sandspring of PNO by way of a three‐cornered amalgamation. Sandspring and PNO are both publicly listed companies and are at arm's length to each other. Sandspring is a [...]
PNO Resources announces that pursuant to the Company's Stock Option Plan, a total of 510,000 incentive stock options have been granted to directors, officers, and consultants of the Company. The options are exercisable at a price of $0.15 per share for a period of 10 years, subject to regulatory approval.
PNO Resources announces that further to its news release dated January 22, 2015, it has closed its non-brokered private placement of 5,000,000 units at a price of $0.10 per Unit for gross proceeds of $500,000. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant. Each Warrant is exercisable into [...]
PNO Resources announces a non-brokered private placement of up to 5,000,000 units at a price of $0.10 per unit for gross proceeds of up to $500,000. Each unit will consist of one common share and one full common share purchase warrant. Each whole common share purchase warrant will be exercisable at $0.15 per common share for a period of 1 year [...]
PNO Resources announces that pursuant to the Company's Stock Option Plan, a total of 225,000 incentive stock options have been granted to directors, officers, and consultants of the Company. The options are exercisable at a price of $0.18 per share for a period of 10 years, subject to regulatory approval.
PNO Resources announces that it will proceed with its proposed share consolidation, as announced in its news release dated November 1, 2013, on the basis of ten (10) pre-Consolidation common shares for one (1) post-Consolidation common share. The Consolidation was approved by the Company's shareholders at its Annual General and Special Meeting held [...]
