Gold Mountain Mining Corp. is pleased to announce that further to its press release dated March 25, 2024, the Company has closed its previously announced transactions with two secured creditors and a number of other unsecured creditors for the settlement and postponement of certain secured and unsecured debts and has closed a non-brokered private [...]
Gold Mountain Mining Corp. is pleased to announce that Mr. Calvin Cheung has agreed to act as the Company's new Chief Financial Officer effective immediately. Mr. Cheung has over 20 years of extensive experience in financial and accounting related functions, serving in senior management roles for over 10 of those years. He is a graduate of the [...]
Gold Mountain Mining Corp. announces that it has reached agreements with two secured creditors for the settlement and postponement of certain secured debts . The secured creditors are Nhwelmen Construction LP Ltd. who is currently owed $7,784,850.71 and Hedge Minerals Corp. who is currently owed $1,241,669.18 . Nhwelmen is the contract miner at the [...]
Gold Mountain Mining Corp. announces that it has received notice of default from Hedge Minerals Corp. after failing to make its payment obligations outlined under the Promissory Note dated September 13, 2023 . Hedge has demanded immediate payment of the original payment owing, six-month break fee, all additional interest, and all costs associated [...]
Gold Mountain Mining Corp. announces that, further to its January 10th news release regarding demands for payment pursuant to its Elk Gold Mine project, it has been in discussions with its creditors and is working on finding a solution to the situation. The Company has also accepted the resignation of Mr. Stephen Wilkinson from the Company's Board [...]
TORONTO, Jan. 10, 2024 /CNW/ - Trading resumes in: Company: Gold Mountain Mining Corp. TSX Symbol: GMTN All Issues: Yes Resumption : 2:30 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national [...]
TORONTO, Jan. 10, 2024 /CNW/ - The following issues have been halted by CIRO: Company: Gold Mountain Mining Corp. TSX Symbol: GMTN All Issues: Yes Reason: Pending News Halt Time : 7:44 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair [...]
Gold Mountain Mining Corp. announces that its 2 subsidiaries holding the Elk Gold mining project concessions, have received "demand for payment" letters from two of its mine site contractors. The demand is for a total of approximately $5.6 million for contract work on the Elk gold mining project. $4.7 million of this amount is related to expenses [...]
Gold Mountain Mining Corp. announces that it has amended its Annual General Meeting date from July 28, 2023 to August 11, 2023. The June 23, 2023 record date remains the same. An Amended Notice of Meeting and Record date is available at www.sedar.com. About Gold Mountain Mining Gold Mountain is a British Columbia based gold and silver exploration [...]
Gold Mountain Mining Corp. announces that Mr. Howard Jones, a current Board member, will serve as the Company's acting CEO as the Company undertakes a search for a new CEO. Mr. Jones, a founding Board Member, will provide short-term leadership through this transition. Mr. Jones has previously acted as the Comptroller of the Bank of Nova Scotia's [...]
Gold Mountain Mining Corp. is pleased to report its financial and operating results for the three months ended April 30, 2023 . The Company's Financial Statements, Management's Discussion and Analysis , are available for download on SEDAR and the Company's website. All amounts are expressed in Canadian dollars unless otherwise noted. Q1 2024 [...]
Gold Mountain Mining Corp. is pleased to announce that Silver Crown Royalties Inc. has exercised the top up option to increase its royalty from 45% of the aggregate gross proceeds of silver sold from the Company's Elk Gold Project to 90% . To exercise the Top Up Option, SCR paid the Company $1,250,000 in cash and increased the contingent Production [...]
