MacDonald Mines Exploration Ltd. is pleased to announce that it has received TSX Venture Exchange approval for the consolidation of the Class A common shares of the Corporation . As previously announced in its press releases dated August 10, 2022 and October 12, 2022, shareholders of the Corporation approved a special resolution authorizing the [...]
MacDonald Mines Exploration Ltd. announces that in connection with the private placement originally announced in the Company's press releases of October 12, 2022 and October 13, 2022, the Company has applied to the TSX Venture Exchange for an extension of a further 30 days price protection in order to complete further subscriptions. Closing is [...]
MacDonald Mines Exploration Ltd. , further to its press release of October 12, 2022, wishes to clarify that the $1.5m non-brokered financing will consist of up to a maximum of up to $500,000 of units at a price of $0.10 per Unit, and up to $1,000,000 of Class A common shares , each such share qualifying as a "flow-through share" within the meaning [...]
MacDonald Mines Exploration Ltd. is pleased to announce that it intends to complete a non-brokered private placement financing of units and "flow-through" units . The Offering will consist of up to a maximum of up to $500,000 of Units at a price of $0.10 per Unit, and up to $1,000,000 of flow-through units at a price of $0.13 per Unit. Each Unit [...]
MacDonald Mines Exploration Ltd. is pleased to announce the results of its ongoing drill program undertaken at the Glade Gold Trend on its 100% owned SPJ Property near Sudbury, Ontario. Highlights of Glade Drill Program Intersections of broad and near-surface zones of gold mineralization starting between 6 and 100 m vertical depth Hole AG-22-103 [...]
MacDonald Mines Exploration Ltd. is pleased to announce the results of its Phase 1 drill program undertaken at the Alwyn Copper-Gold Trend and observations from the drilling completed at the Glade Gold Trend on its 100% owned SPJ Property near Sudbury, Ontario. Highlights of Phase 1 Alwyn and Glade Drill Program 0.41 % CuEq over 90.44 m in hole [...]
MacDonald Mines Exploration Ltd. is pleased to announce that GoldSpot Discoveries Corp. has completed work on the MacDonald Mines 100% owned' SPJ Project near Sudbury, Ontario. GoldSpot was engaged to apply their proprietary machine learning applications and geoscience expertise to assist the Company in expanding discoveries and identifying new [...]
MacDonald Mines Exploration Ltd. is pleased to announce the appointment of Greg Romain as President and CEO of the Company effective today. Mr. Romain is a well known and respected mining executive with over 30 years of experience in the mining and related industries. Mr. Romain is well qualified to lead MacDonald Mines with a combination of [...]
Eric Sprott announces that today, through 2176423 Ontario Ltd., a corporation he beneficially owns, he donated 18,750,000 common shares of MacDonald Mines, to The Sprott Foundation . Combined with prior treasury Shares issuances by MacDonald Mines, this resulted in a decrease in holdings of approximately 8.9% of the outstanding Shares on a [...]
MacDonald Mines Exploration Ltd. announces the grant, under the Company's stock option plan, of 7,500,000 stock options to certain directors, officers, employees and consultants of the Company. The options entitle the holders to purchase the same number of common shares of the Company at a price of $0.05 per share for a period of five years. About [...]
MacDonald Mines Exploration Ltd. is pleased to report new surface exploration results from the McLeod showing at its SPJ Property located 40 km east of Sudbury. Highlights of the surface exploration results at the McLeod showing: Gold grades between 0.01 g/t and 45.5 g/t and copper grades between 0.023 % and 0.39 % in grab samples collected by [...]
MacDonald Mines Exploration Ltd. announces that it has closed the second tranche of its previously announced non-brokered private placement offering for proceeds in the second tranche of $393,500 consisting of: 700,000 "flow-through" units at a price of $0.045 each, and 9,050,000 units at a price of $0.04 each. To date, the Company has received [...]
