Azarga Metals Corp. has elected to settle its option maintenance payment of $33,500 by the issue of 670,000 common shares at an issue price of $0.05 with Sabre Gold Mines Corp., pursuant to the terms of the Marg Project Option Agreement announced on January 8, 2024. The Shares issued are subject to an eighteen-month hold period, in accordance with [...]
Azarga Metals Corp. is pleased to announce that it has reached terms with Sabre Gold Mines Corp. to restructure the terms of the Marg Project acquisition located in Central Yukon. Marg Project Agreement Sabre and Azarga Metals are parties to an asset purchase agreement made November 8, 2021, in respect of the Marg Project, on terms announced [...]
Azarga Metals Corp. reports that it has settled the final C$560,857 shareholder loan by the issuance of 3,739,049 common shares at a deemed price of $0.15. The Shares issued are subject to a four-month and one day hold period from the date of issuance. This completes the restructuring of the Company's balance sheet, as was previously announced . As [...]
Azarga Metals Corp. reports that as announced June 5, 2023 and June 27, 2023, the Company issued a total of 8,958,293 common shares of the Company in settlement of C$140,759.77 accounts payable and C$1,202,984.69 of shareholder loans. The settlement of the final C$560,857.36 shareholder loan to one individual is pending. The Debt Shares are valued [...]
Azarga Metals Corp. is pleased to provide an update on the restructuring of its balance sheet announced on June 5, 2023. In addition to the settlement of the shareholder loans and certain related party debt, one additional creditor has agreed to settle all of its accrued fees in the amount of $80,759.77 in exchange for 538,398 common shares to [...]
Azarga Metals Corp. is pleased to announce its plan to consolidate its issued and outstanding common shares on the basis of one post-consolidation share for every ten pre-consolidation Shares . The Consolidation is set to be effective June 27, 2023. There are currently 208,079,416 issued and outstanding Shares. Following the Consolidation, it is [...]
Azarga Metals Corp. announces details of its proposal to consolidate all of the issued and outstanding common shares of the Company on the basis of ten pre-Consolidation common shares for every one post-Consolidation common share. The Company carries shareholder loans on its balance sheet due for repayment by May 31, 2023, in the amount of [...]
Azarga Metals Corp. is pleased to have received the final report on its induced polarization survey at its high-grade copper-rich Volcanogenic Massive Sulphide Marg project , located in the Keno Hill Silver District, Yukon Territory. The IP survey commenced in late 2022 and covered a significant portion of the known Marg VMS horizon, as well as an [...]
Azarga Metals Corp. is pleased to announce the sale of its wholly-owned subsidiary, Azarga Metals Limited, a BVI corporation pursuant to a share purchase agreement with a non-sanctioned third-party buyer . The Buyer has agreed to pay consideration of US$1 for the project and US$74,999 for the assignment and assumption of the intercompany debt, as [...]
Azarga Metals Corp. reports that it has received TSX Venture Exchange approval to settle C$100,686.39 in outstanding debt owed to a creditor by the issuance of 4,000,000 common shares valued at C$0.025 per Share. The Shares have now been issued and the debt has been extinguished. The Shares issued are subject to a four-month and one day hold period [...]
Azarga Metals Corp. reports that it has executed an agreement with a creditor to settle C$100,686.39 in outstanding debt by the issuance of 4,000,000 common shares valued at C$0.025 per share. The shares for debt settlement is subject to the approval of the TSX Venture Exchange. Azarga Metals Corp. "Gordon Tainton" Gordon Tainton, President and [...]
Azarga Metals Corp. has closed its previously announced non-brokered private placement. The second and final tranche closed on November 7, 2022. The Company issued a total of 26,650,001 units each at a price of $0.015 per Unit raising of $399,750. Each Unit consists of one common share of the Company and one Share purchase warrant . One Warrant [...]
