Century Lithium Corp is welcoming a familiar face to chair its board of directors.
The lithium developer said that Bryan Disher, non-executive director and chair of the audit committee, will become chair of upon the departure of Cassandra Joseph.
ImagineAR Inc announced that it has completed a non-brokered private placement financing, raising gross proceeds of $425,875 by issuing 12,905,315 company units at a price of $0.033 per unit.
The Augmented Reality (AR) company said it intends to use the net proceeds from the proposed private placement to enhance its SDK technology, sales, and marketing support, and develop AI integration proof of concept immersive AR activations.
Africa Oil Corp (TSX:AOI) told investors that TotalEnergies has renewed its Oil Mining License (OML) 130 for 20 years, noting that it has an effective 8% interest in the license through its 50% shareholding in Prime Oil & Gas Coöperatief.
The Canadian oil and gas company said the renewal of OML 130 means the Akpo, Egina and Preowei fields will operate under the terms of Nigeria’s new Petroleum Industry Act (PIA), becoming the first assets to effectively benefit from the PIA fiscal terms.
Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) has on-boarded in-home, outpatient nurses from leading healthcare provider Ascott to support its R327 diabetic foot infection (DFI) clinical trial.
The nurses are specifically trained in R327 DFI treatment protocols as per the Australian guidelines.
Empire Energy Group Ltd (ASX:EEG, OTC:EEGUF) has made a breakthrough with an independent LNG resource at EP187 permit in the highly prospective Beetaloo Basin, representing a “nationally significant” resource of low CO2 gas.
The company said the results were nothing short of impressive, revealing a substantial increase in the contingent resources of EP187, including:
MTB Metals Corp said it has closed the first tranche of its previously announced non-brokered private placements, raising gross proceeds of $1,199,889.40 from the sale of 9,229,918 flow through units and gross proceeds of $370,602 from the sale of 3,088,350 non-flow through units at $0.12 each. The funds will be used primarily for exploration on Mountain Boy's Telegraph property in the Golden Triangle of British Columbia. Lawrence Roulston, MTB CEO, commented: "These new funds, added to the existing working capital, puts MTB in a strong position to continue exploration on our Telegraph copper-gold porphyry project. Field work will begin in early June with drilling scheduled to begin in August." All securities are subject to a four month hold period expiring on September 27, 2023.
Victory Battery Metals said it has closed its previously announced non-brokered unit private placement, raising proceeds of $300,000 through the sale of 6,000,000 units, with each unit offered at a subscription price of $0.05 per unit. Each unit consists of one common share and one common share purchase warrant exercisable at $0.07 for a two year period, subject to an accelerate expiry upon 30 days' notice if the common shares trade at $0.20 or higher for a period of 10 days. The company intends to use net proceeds for working capital requirements and other general corporate purposes.
Ximen Mining Corp said it has closed the private placement previously announced on May 3, 2023, for gross proceeds of $600,000. The private placement consisted of 6 million units at a price of $0.10 per unit. Each unit consists of one common share and one transferable common share purchase warrant. The net proceeds from the offering will be used by Ximen for exploration expenses on the company's British Columbia mineral properties and general working capital. Ximen also announced that it is proceeding with a shares-for-debt filing to pay outstanding debts of $248,256.48 to an arms length party. Approximately 1,655,043 shares in the capital stock of the company will be issued to pay these outstanding payables.
Silvercorp Metals Inc has declared a semi-annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on June 12, 2023, with a payment date of the dividend scheduled on or before June 29, 2023.
NorthWest Copper Corp. has announced that it has postponed its annual general meeting (AGM) which was originally scheduled for June 23, 2023, to September 6, 2023, at a time and location that will be announced when it files its management information circular and related proxy materials in connection with the AGM. The company said postponing the AGM will allow for the appropriate consideration of the preliminary disclosures made on May 23, 2023, by a dissident shareholder who intends to propose a competing slate of six nominees for its board of directors. Among other things, it said it will provide additional time for a detailed review of the purported experience and qualifications of the dissident’s nominees; the preparation of a management information circular that will fully inform shareholders about the important voting decision they face; and a determination by the board as to whether there might be an opportunity to have further discussions with the dissident that avoids the distraction and expense of a proxy contest.
Power Nickel Inc will present a live virtual corporate update on May 31st, 2023 at 2:00pm ET. For more information and to register: https://www.newsfilecorp.com/conference/red-cloud-webinar-series/.