Fredonia Mining Inc. is pleased to announce today the closing of its previously announced brokered private placement, consisting of a total of 22,606,779 units of the Company, which included the exercise of an option to increase the size of the Offering from the proposed base offering size, at a price of $0.18 per Unit for aggregate gross proceeds [...]
Fredonia Mining Inc. is pleased to announce the appointment of Mr. Omar Salas as Chief Financial Officer of the Company, succeeding Mr. Carlos Espinosa who will continue to act as an advisor to the Company through the transition period. Mr. Salas is a financial executive with extensive international experience in the mining industry, providing [...]
Fredonia Mining Inc. is pleased to announce that in connection with its previously announced best efforts private placement offering the Company and Paradigm Capital Inc. have agreed to increase the size of the Offering. The Company will now issue 19,725,000 units at a price of $0.18 per Unit for total gross proceeds of $3,550,500. Each Unit will [...]
Fredonia Mining Inc. is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. in connection with a proposed best efforts private placement financing for total proceeds of approximately $3 million, consisting of a minimum of 17,000,000 units of the Company at a price of $0.18 per Unit. Each Unit will comprise one [...]
Fredonia Mining Inc. is pleased to announce the completion of the initial phase of drilling at its Eldorado Monserrat property, located in Santa Cruz, Argentina. Six HQ diamond drill core holes were drilled at each of La Herradura and Monserrat Oeste. In total 12 holes were drilled for 3,424.3m. The field base at EDM will be reoccupied commencing [...]
Fredonia Mining Inc. is pleased to announce the successful completion of the first of two phases of its drilling program at its flagship Eldorado Monserrat property, located in Santa Cruz. On the La Herradura project 1,583.5m of drilling were completed. Additionally, 1,841m was drilled on the Monserrat Oeste project for which assays are awaited [...]
Fredonia Mining Inc. is pleased to announce that it has obtained an Environmental Permit to complete its planned initial 6,000 metre drilling program at its El Dorado Monserrat gold project in Santa Cruz, Argentina. Estanislao Auriemma, CEO and Director of Fredonia Mining commented, "We are very pleased to be able to rehab the roads and the camp [...]
Fredonia Mining Inc. announces it has entered into an agreement with Mr. Hector Omar Carrizo on September 15, 2021 to satisfy US$500,000 of cash obligations owing in connection with the acquisition of the Winki II", "Petrificados", "Aguila I" and "Aguila II" mineral rights and properties in Santa Cruz Province, Argentina through the issuance of [...]
Fredonia Mining Inc. announces that, pursuant to the amalgamation agreement between Fredonia Management Limited and the Company dated April 7, 2021, pursuant to which the Company completed its "qualifying transaction" under TSXV Policy 2.4 - Capital Pool Companies , and as permitted by Policy 2.4 , the Company intends to, subject to shareholder and [...]
Fredonia Mining Inc. is pleased to announce that it has granted stock options to directors and officers of the Company to purchase a total of 9,750,000 common shares at a price of $0.17 per common share. The Options are exercisable for a period of 5 years and have been granted in accordance with the terms of the Company's current stock option plan [...]
Fredonia Mining Inc. is pleased to announce that further to the press release issued on June 28, 2021 in respect of the subscription receipt financing of $6.4 million, the escrow release conditions under the Offering have been satisfied and Fredonia has received approval from the TSXV to list its common shares on the TSXV under the symbol "FRED [...]
Fredonia Mining Inc. is pleased to announce that it completed its previously announced arm's length qualifying transaction with Fredonia Management Limited by way of a three-cornered plan of merger under the laws of the British Virgin Islands with an effective closing date of June 24, 2021. Pursuant to the plan of Merger, Fredonia Mining Corp., a [...]