Medgold to Extend Convertible Debenture

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, Canada, December 22, 2014, Medgold Resources Corp. (TSX-V: MED) (the “Company”) announces that its Board of Directors has determined that it is in the best interests of the Company to extend the expiry date of a debenture in the principal amount of $975,000 that was previously issued by the Company pursuant to a private placement. Accordingly, subject to TSX Venture Exchange acceptance, the expiry date of the debenture, which is convertible into 2,166,667 common[…]

Written by on December 22, 2014

Medgold Closes $1.65 Million Financing

Vancouver, Canada, February 6, 2014, Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to advise that it has closed its previously announced non-brokered private placement by issuing 1,655,000 units at $0.10 per unit, for gross proceeds of $1,655,000. Each unit consists of one common share and one warrant, each warrant entitling the holder to purchase one additional common share of the Company at $0.15 for two years from closing. If the closing price of the Company’s shares is $0.21 or greater for a period of[…]

Written by on February 6, 2014

Medgold to Acquire Klondike Gold’s Portuguese Assets and Arranges $1.5 Million Financing

Vancouver, Canada, December 11, 2013, Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce that it has signed a Letter of Intent (“LOI”) with Klondike Gold Corp (“Klondike”) for the acquisition of 100% of its Portuguese assets which comprise five gold exploration permits covering 600 sq km in northern Portugal, primarily located along the Valongo Belt. The Comp any is also conducting a $1.5 million non-brokered private placement to primarily fund exploration activity. Both the acquisition and private placement are subject to TSX Venture[…]

Written by on December 11, 2013

Medgold Cancels Financing and Announces Possible Share Consolidation

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 4, 2013) – Medgold Resources Corp. (TSX VENTURE:MED) announces that due to current market conditions, it has cancelled the private placement financing proposed in the Company’s news release of September 16, 2013. Based on comments received from potential participants in the cancelled financing, Medgold’s Board of Directors believes that to facilitate future equity financings for the Company and to attract new business opportunities, it may be necessary to consolidate the share capital on the basis of one new share for up to three existing shares.[…]

Written by on November 4, 2013

Medgold Arranges $1.2 Million Private Placement

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 16, 2013) – Medgold Resources Corp. (TSX VENTURE:MED) is pleased to announce that it has arranged, subject to TSX Venture Exchange approval, a non-brokered private placement financing of up to 20 million units at $0.06 per unit, for proceeds of up to $1.2 million. Each unit will consist of one common share and one-half of a warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at $0.10 for one year from closing. The Company may pay finder’s[…]

Written by on September 16, 2013