Medgold Secures $1.5-million Investment and Strategic Alliance for Serbian Exploration
Vancouver, Canada, June 13, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce a C$1.5-million strategic investment in the Company by Fortuna Silver Mines Inc. (“Fortuna”), a leading mid-tier precious metals miner. The private placement is part of a broader strategic alliance between Medgold and Fortuna to explore for precious metal deposits in Serbia. Subject to stock exchange approval, Fortuna will purchase 10.0 million units at $0.15 per unit, representing a premium of 36% to the closing price of Medgold’s shares on June 10. Each[…]
Medgold Completes Private Placement
Vancouver, Canada, May 16, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to advise that it has closed its previously announced non-brokered private placement financing with the issuance of 2.0 million units at $0.10 per unit, for proceeds of $200,000. Each unit consists of one common share and one warrant entitling the holder to purchase one additional common share of the Company at $0.12 for one year from closing. The common shares and warrants issued are subject to a resale restriction until September 11, 2016. No finder’s[…]
Medgold Continues to Expand the Boticas Gold Project, Portugal; Proposes $200,000 Private Placement
Vancouver, Canada, April 11, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce new assay results from contiguous rock-chip sampling from the Limarinho South zone at its Boticas gold project in Portugal, which include a highlight of 6.0m @ 5.7 g/t Au. Significantly, infill grid-soil sampling over the entire Limarinho Zone has identified two new gold anomalies, increasing the anomalous area to 4km by 2km. The Limarinho South zone, is located approximately 500m south of the main Limarinho Zone. The newly mapped gold mineralization and associated[…]
Medgold Completes CAD$100,000 Short-Term Loan
Vancouver, Canada, March 24, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) announces that it has completed its previously announced CAD$100,000 short-term loan transaction which will provide funding for general working capital requirements. The loan is repayable within six months and bears interest at 8% per annum. In consideration for the loan, Medgold has issued to the lender warrants to purchase up to 500,000 common shares of Medgold exercisable for one year at $0.09 per share. Any common shares acquired on exercise of the warrants will be subject to[…]
Medgold Arranges CAD$100,000 Short-Term Loan
Vancouver, Canada, March 15, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) announces that it has arranged an arm’s length CAD$100,000 short-term loan to provide funding for general working capital requirements. The loan is repayable within six months and bears interest at 8% per annum. In consideration for the loan, Medgold has agreed, subject to stock exchange approval, to issue to the lender warrants to purchase up to 500,000 common shares of Medgold exercisable for one year at $0.09 per share. About Medgold Medgold is a European-focused, TSX-V listed[…]