MacDonald Mines announced today that it has issued 200,000 Class A common shares of the Company to a purchaser of flow-through shares to settle debt related to its indemnification obligations of tax and penalties incurred in connection with the reassessment of such purchaser's tax return. All common shares were issued at a deemed price of $0.0618 [...]
MacDonald Mines announces that it has begun a core sampling program at its Wawa-Holdsworth Project. The Company is also solidifying its position in the Wawa Gold District and has staked 84 hectares, approximately 10 kilometers southwest of the Wawa-Holdsworth Project. Details of the Core Sampling Program: The Company has begun a systematic [...]
MacDonald Mines Exploration has begun exploration programs at both its Wawa-Holdsworth Gold Project near Wawa, and its Charlevoix Silica Property located approximately 42 km north of Baie-Saint-Paul. The sampling program conducted at Charlevoix suggest that the high purity quartzite unit mined at the Sitec Silica Mine extends on the property.
MacDonald Mines Exploration has agreed to settle certain of its flow-through mining expenditure obligations relating to its obligation to indemnify certain purchasers in respect of tax and penalties payable in connection with the reassessment of such purchasers' tax returns, with the issuance of common shares of the Company. Effective February 14 [...]
