Medgold Resources completes $2 million private placement

Vancouver, Canada, July 16, 2020 – Medgold Resources Corp. (TSX-V: MED) is pleased to report that it has closed its previously announced private placement financing with the issuance of 40 million units at $0.05 per unit, for gross proceeds of $2 million, which included the sale of $850,000 worth of Units to a group of strategic investors led by Palisades Goldcorp Ltd.  Each unit consists of one common share and one warrant entitling the holder to purchase one additional common share of the Company at $0.10 for three years from[…]

Written by on July 16, 2020

Medgold announces letter of intent with Fortuna Silver Mines to consolidate ownership of the Tlamino Project, Serbia

Vancouver, Canada, June 18, 2020 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce that it has entered into a non-binding Letter of Intent (the “Letter”) with Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna”) to acquire Fortuna’s 51% interest in the Tlamino Project located in Serbia (the “Project”). Under the terms of the Letter, Medgold has secured an exclusive option (the “Option”) to purchase Fortuna’s 51% interest in the Project for a cash consideration of US$ 3.468 million. The Option is valid for three years and[…]

Written by on June 18, 2020

Medgold provides update on financial statement filing deadline extension

Vancouver, Canada, May 29, 2020 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) announces that further to its news release of April 28, 2020, the Company is continuing to rely on the extension provided by the securities regulators as a result of the COVID-19 pandemic regarding the deadline for filing and delivering its audited financial statements and MD&A for the fiscal year ended December 31, 2019.  Accordingly, the Company will file such financials no later than the extended deadline of June 15, 2020. Medgold also confirms that due to the delay[…]

Written by on May 29, 2020

Medgold to rely on financial statement filing deadline extension

Vancouver, Canada, April 28, 2020 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) announces that it is relying on the extension provided by the securities regulators as a result of the COVID-19 pandemic regarding the deadline for filing and delivering its audited financial statements and MD&A for the fiscal year ended December 31, 2019.  Accordingly, the Company will file such financials no later than the extended deadline of June 15, 2020. Until the financials are filed, the Company’s management and directors are subject to a trading black-out that reflects the principles[…]

Written by on April 28, 2020

Medgold announces Letter Agreement in relation to the Zlogosh property, Bulgaria

Vancouver, Canada, April 20, 2020 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce that it has entered into an exclusive Letter Agreement with Gecon EOOD with respect to an Exploration License application made by Gecon at Zlogosh (“Zlogosh”, the “Zlogosh Property”), Kyustendil Oblast, western Bulgaria. The main mineralized targets at Zlogosh are situated approximately 40 kilometers by road from Medgold’s Tlamino Project in Serbia, with which they appear to share considerable geological similarity. The location of Zlogosh relative to the Tlamino Project is shown in Figure 1.[…]

Written by on April 20, 2020