News

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[…]

Vancouver, Canada, January 30, 2014, Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce that it has closed the acquisition of Klondike Gold Corp’s (“Klondike”) Portuguese exploration assets (see Medgold press release dated December 11, 2013). The portfolio is comprised of five gold exploration permits covering 600 sq km in northern Portugal, primarily located along the Valongo Belt, which has been identified as a major gold-bearing district. Dan James, the President of Medgold, said: “We’re very happy to announce the closing of the Klondike[…]

Vancouver, Canada, January 9, 2014, Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce that it has entered into a strategic alliance agreement with Radius Gold Inc. (TSX-V: RDU) whereby Radius will have the right to option one of Medgold’s properties located in Portugal. As well, Radius has agreed to participate in Medgold’s current private placement financing as to $500,000. For a period of 18 months, Radius may select one of Medgold’s Portuguese properties in which Radius will be granted the option to earn[…]

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[…]

Vancouver, Canada, December 2, 2013, Medgold Resources Corp. (TSX-V: MED) advises that its previously announced share consolidation was approved by the shareholders of the Company at the annual and special meeting held on November 27, 2013, and will take effect at market opening today. Every three previous common shares of the Company will be exchanged for one new common share of the Company, resulting in a total issued capital of 17,472,029 shares. The Company’s name and trading symbol remain the same; only the CUSIP number of the common shares has[…]