Electrum Discovery Corp. Announces High Grade Gold and Copper-Gold Assays from Rock Chip Sampling at Timok East; Extends Further Bambino Anomaly
Vancouver, Canada, October 30, 2024 – Electrum Discovery Corp. (“Electrum” or the “Company“) (TSX-V:ELY |FRA:R8N |OTC:ELDCF) is pleased to announce results from rock-chip sampling carried across various targets at its Timok East copper-gold project (“Timok East“) in the Republic of Serbia. The results have confirmed significant strike extensions of the Bambino copper-gold anomaly (“Bambino“) and identified a potentially over-printing gold system. The property adjoins Zijin Mining Bor Copper-Gold Mining Complex and is just 4km east from the Veliki Krivelj copper gold porphyry mine. Highlights: Bambino Anomaly: Rock-chip assays confirm copper-gold[…]
Electrum Discovery Corp. Closes Oversubscribed $2,281,850 Private Placement – Welcomes New Shareholders: Crescat Capital and Syndicate Minerals Pty Ltd.
Vancouver, Canada, October 10, 2024 – Electrum Discovery Corp. ("Electrum" or the "Company")(TSX-V:ELY |FRA:R8N |OTC:ELDCF) is pleased to announce that it has closed the final tranche (the "Final Tranche") of its oversubscribed non-brokered private placement of units ("Unit") at a price of $0.07 per Unit announced on September 23, 2024 (the "Private Placement") and upsized on October 2, 2024. The Company sold 21,987,570 Units in the Final Tranche to raise gross proceeds of $1,532,830. In total, the Company has issued 32,597,854 Units for gross proceeds of $2,281,850 with each Unit consisting[…]
Electrum Discovery Corp. Announces Closing of the First Tranche of Private Placement and Upsizes Offering
Vancouver, Canada, October 2, 2024 – Electrum Discovery Corp. ("Electrum" or the "Company") (TSX-V:ELY |FRA:R8N |OTC:ELDCF) is pleased to announce that, further to its news release of September, 23rd, 2024, it has closed the first tranche (the "First Tranche") of its non-brokered private placement (the "Private Placement") of 10,700,284 units (the “Units”) at a price of $0.07 per Unit (the "Issue Price") to raise gross proceeds of $749,020. Furthermore, due to strong investor demand, it has upsized the Private Placement to up to $2,100,000, comprised of the sale of up[…]
Electrum Discovery Corp. Opens a Non-brokered Private Placement of up to C$1.5 Million
Vancouver, Canada, September 23, 2024 – Electrum Discovery Corp. (“Electrum” or the “Company“) (TSXV:ELY |FRA:R8N |OTC:ELDCF) is pleased to announce a non-brokered private placement (the “Private Placement”) of up to 21,428,571 units of the Company (the “Units”), at a price of $0.07 per Unit , to raise aggregate gross proceeds of up to approximately $1.5 million. Each Unit will comprise one common share of the Company (each, a “Common Share”) and one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder[…]
Electrum Discovery Corp. Announces Expanded Copper Gold Target Area and Commencement of Trenching at Timok East
Vancouver, Canada, September 4, 2024 – Electrum Discovery Corp. (“Electrum” or the “Company“) (TSX-V:ELY |FRA:R8N |OTC:ELDCF) is pleased to announce the results of geological mapping, and the commencing of trenching at its Timok East copper-gold project in the Republic of Serbia. The project adjoins the Zijin’s Bor copper-gold mining complex. Exploration in the region has recently increased significantly as a result of new investment and expansion of the +1 billion tonne mine, and several new discoveries in the district. Highlights: Mapping identifies multiple sequences of hydrothermally-altered intrusive rock with stockwork[…]