Annuncio • Apr 21
Trinity One Metals Ltd., Annual General Meeting, Jun 18, 2026 Trinity One Metals Ltd., Annual General Meeting, Jun 18, 2026. Annuncio • Mar 07
Trinity One Metals Ltd. announced that it has received CAD 5.34 million in funding On March 6, 2026, TrinityOne Metals Ltd closed the transaction. The company announced that it has issued 26,700,000 units (the "Units") at a price of CAD 0.20 per Unit for gross proceeds of CAD 5,340,000 across both offerings. Under the Listed Issuer Financing Exemption offering (the "LIFE Offering"), the Company issued 16,700,000 Units for gross proceeds of CAD 3,340,000. Under the concurrent private placement (the "Concurrent Offering"), the Company issued 10,000,000 Units for gross proceeds of CAD 2,000,000. The securities issued under the Concurrent Offering are subject to a statutory hold period expiring on July 7, 2026. In connection with the offerings, the Company paid aggregate cash finder's fees of CAD 259,000 and issued 1,299,000 finder's warrants to certain arm's length finders. These fees represent a 6% cash commission and 6% in finder's warrants based on the proceeds raised and Units sold to subscribers introduced by the respective finders. Annuncio • Feb 10
Trinity One Metals Ltd. announced that it expects to receive CAD 3.3 million in funding Trinity One Metals Ltd announced a non-brokered private placement to issue 16,500,000 units at an issue price of CAD 0.20 for the proceeds of CAD 3,300,000 on February 10, 2026. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share (each, a "Warrant Share") at an exercise price of CAD 0.30 per Warrant Share for a period of thirty-six (36) months following the closing date of the Offering (the "Closing Date"), provided that the Warrants may not be exercised for a period of sixty (60) days from the Closing Date. The Offering is expected to close on or about February 27, 2026. Completion of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange. Finder's fees may be payable in accordance with the policies of the TSXV and applicable securities laws. The Company may pay finder's fees in cash of up to 6.0% of the aggregate gross proceeds of the Offering and may issue non-transferrable warrants equal to 6.0% of the number of Units issued under the Offering to subscribers introduced by finders to the Company. Annuncio • Jan 17
Trinity One Metals Ltd. (TSXV:TOM) agreed to acquire Ecuador Gold S.A. for $0.89 million. Trinity One Metals Ltd. (TSXV:TOM) agreed to acquire Ecuador Gold S.A. for $0.89 million on January 5, 2026. A cash consideration of $0.09 million will be paid by Trinity One Metals Ltd. The consideration consists of 5 million common equity of Trinity One Metals Ltd. having a value of $0.35 million to be issued for common equity of Ecuador Gold S.A. Trinity One Metals Ltd. will pay an earnout payment of $0.45 million cash. As part of consideration, $0.89 million is paid towards common equity of Ecuador Gold S.A.
The Transaction and the issuance of the Consideration Shares remains subject to final acceptance by the TSX Venture Exchange. Annuncio • Nov 22
Trinity One Metals Ltd. Announces Board Changes Trinity One Metals Ltd. announced that it has appointed Robert Payment, currently serving as CFO and Corporate Secretary as Director of the Company. The Company further announced the resignation of David Wheeler as director effective November 21, 2025. Board Change • Oct 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Wheeler was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 19
Trinity One Metals Ltd. announced that it has received CAD 0.75 million in funding On October 17, 2025, Trinity One Metals Ltd announced the closing of the transaction by issuing 15,000,000 units at a price of CAD 0.05 per Unit, for aggregate gross proceeds of CAD 750,000. Board Change • Sep 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Wheeler was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 16
Trinity One Metals Ltd. announced that it expects to receive CAD 0.4 million in funding Trinity One Metals Ltd. announced a non-brokered private placement of up to 8,000,000 units at a purchase price of CAD 0.05 per Unit, to raise total gross proceeds of up to CAD 400,000 on September 15, 2025. Each Unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a price of CAD 0.075 at any time on or before that date which is thirty-six months after the closing date of the Offering, subject to the approval of the TSX Venture Exchange ("TSXV"). All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day after the date of issuance in accordance with applicable securities laws and the policies of the TSXV. Completion of the Offering, and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV. The Company may pay finders' fees to eligible finders in connection with the Offering, subject to compliance with applicable securities laws and the policies of the TSXV. New Risk • Aug 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$88k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$88k free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$732.5k market cap, or US$532.6k). Board Change • Aug 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Wheeler was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director David Wheeler was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 09
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$189k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$189k). Revenue is less than US$1m. Market cap is less than US$10m (CA$608.6k market cap, or US$437.2k). Annuncio • Apr 11
Aranjin Resources Ltd. announced that it has received CAD 0.2304 million in funding On April 9, 2025, Aranjin Resources Ltd. closed the transaction. The company announced that it has issued 2,880,000 units, at a price of CAD 0.08 per unit for gross proceeds of CAD 230,400. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of CAD 0.105 at any time on or before that date that is 24 months after issuance. All securities issued and sold under the offering and issued in relation to the debt settlement are subject to a hold period expiring four months and one day after the date of issuance in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The offering and debt settlement remain subject to the final approval of the TSX-V. The company did not pay any finders' fees in relation to the offering. The transaction included participation from returning investor Tsagaachin Bayan Nuur LLC for 2,880,000 units of the Issuer at a price of CAD 0.08 per unit for aggregate consideration of CAD 230,400. Immediately prior to the transaction, the Acquiror owned and/or had control over an aggregate of 80,300 Shares, representing approximately 0.73% of the issued and outstanding Shares of the Issuer on an undiluted basis.
Following completion of the transaction, the Acquiror owns or has control or direction over,
directly or indirectly, 2,960,300 Shares and 2,880,000 warrants, representing approximately
16.17% of the Issuer's Shares, on an undiluted basis, or approximately 27.56% of the Issuer's
Shares, on a partially diluted basis, subject, however, to the Acquiror being precluded from
exercising warrants that would result in the Acquiror holding more than 19.99% of the issued and outstanding shares of the Issuer, without the Issuer first obtaining disinterested shareholder
approval. Annuncio • Jan 09
Aranjin Resources Ltd. announced that it expects to receive CAD 0.65 million in funding Aranjin Resources Ltd. announces a non brokered private placement of up to 8,125,000 units at a purchase price of CAD 0.08 per Unit for gross proceeds of up to CAD 650,000 on January 8, 2025. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a price of CAD 0.105 at any time on or before that date which is twenty four months after the closing date of the Offering. All securities issued and sold under the Offering and issued in relation to the Debt Settlement will be subject to a hold period expiring four months and one day after the date of issuance in accordance with applicable securities laws and the policies of the TSXV. Completion of the Offering and Debt Settlement, and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV. Annuncio • Jul 04
Aranjin Resources Ltd. Announces Chief Financial Office Changes, Effective July 8, 2024 Aranjin Resources Ltd. announced a change in Chief Financial Officer. Jeremy South, Chief Financial Officer since 2018, will step down from the role with effect from July 8 and the role will be assumed by Joe Graziano. Based in Perth, Western Australia, Joe has over 35 years' experience providing financial and strategic advice to small cap unlisted and listed public companies and privately owned businesses in Western Australia's resource industries. Since 2014 he has been focused on corporate advisory and Chief Financial Officer roles, with deep experience across company secretarial, strategic planning and due diligence with listed corporations and Family Offices. Activities include Mergers & Acquisitions, Capital Raisings, Corporate Governance, ASX compliance, Investment Advisory and Structuring. Joe is currently a director of Pathways Corporate Pty Ltd. a specialised Corporate Advisory business, based in Australia. Board Change • May 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director David Wheeler was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 03
Aranjin Resources Ltd., Annual General Meeting, Jun 13, 2024 Aranjin Resources Ltd., Annual General Meeting, Jun 13, 2024. Board Change • Apr 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director David Wheeler was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director David Wheeler was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Peter Trow was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jan 23
Aranjin Resources Ltd. Announces Management Changes Aranjin Resources Ltd. announced that it has reduced its Board to three directors as it moves forward with its previously announced plans to list on the ASX. Bataa Tumur-Ochir and Jeremy South will step down from the Board with immediate effect. Jeremy South will remain as Chief Financial Officer and has been appointed Corporate Secretary of the Company after the resignation of Solongo Gunsendorj effective immediately. Solongo Gunsendorj will remain as a director of the Company. New Risk • Jan 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 63% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$249k free cash flow). Shares are highly illiquid. Earnings have declined by 4.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.43m market cap, or US$3.29m). Annuncio • Jan 10
Aranjin Resources Ltd. Announces Victory Nickel Copper Discovery Drilling Planned Ulaanbaatar, Mongolia Aranjin Resources Ltd. announced that it has recently completed analysis of auger geochemical and ground geophysical data across the Victory gabbro intrusive at the Victory Nickel Copper Discovery in Mongolia. This has highlighted numerous targets for follow-up in 2024. A very strong correlation in auger geochemistry where copper and nickel are separately both above 100ppm and are situated directly on a defined ground magnetic low in the center of the Victory intrusive. This has defined a clear high priority drill target for the Company. Drill target area is approximately 400m x 400m and is circular in shape. A total of six 200m deep diamond core drill holes have been planned to test the target across two east west drill traverses with three drill holes per line. Drilling is set to commence on completion of the dual listing on the ASX and a drilling contractor has been booked for the first half of 2024. Additional auger geochemistry has been planned across the Victory gabbro intrusion and elsewhere on the Victory licence where multiple other nickel copper targets have been identified by the Company. The Company has recently completed analysis of previously concluded auger geochemistry and ground geophysical surveys. This has identified a high-quality priority drill target that is planned to be drill tested on completion of the ASX listing in the first half of 2024. New Risk • Nov 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$249k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$249k free cash flow). Shares are highly illiquid. Earnings have declined by 4.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.88m market cap, or US$2.85m). Minor Risk Shareholders have been diluted in the past year (44% increase in shares outstanding). Board Change • Nov 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Peter Trow was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 11
Aranjin Resources Ltd. Updates on Victory Project Aranjin Resources Ltd. Updated on Victory Project. Additional follow up of over 20 additional nickel and copper targets has also been completed across the Victory license. Rock chip samples have been collected and sent for analysis. Additional auger geochemical drilling across these anomalies is currently being planned and will commence on completion of the drilling program at the main Victory discovery anomaly. Annuncio • Sep 21
Aranjin Resources Ltd., Annual General Meeting, Nov 06, 2023 Aranjin Resources Ltd., Annual General Meeting, Nov 06, 2023. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$4.0m). Earnings have declined by 0.8% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$7.17m market cap, or US$5.30m). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). New Risk • Jul 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$3.7m). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.14m market cap, or US$6.16m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Board Change • Jul 24
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Bataa Tumur-Ochir was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Bataa Tumur-Ochir was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jun 13
Aranjin Resources Ltd. announced that it expects to receive CAD 1 million in funding Aranjin Resources Ltd. announced a non-brokered private placement of 50,000,000 units at a price of CAD 0.02 per unit for gross proceeds of up to CAD 1,000,000 on June 12, 2023. Each unit is comprised of one common share of the Company and one common share purchase warrant with each warrant exercisable for one common share at a price of CAD 0.05 per share for a period of 24 months from closing. The transaction is anticipated to close on or about June 22, 2023. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange (TSXV). The securities issued in connection with the private placement will be subject to a hold period of four months plus a day from the date of issuance pursuant to applicable securities laws. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Bataa Tumur-Ochir was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Bataa Tumur-Ochir was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Bataa Tumur-Ochir was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Bataa Tumur-Ochir was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Bataa Tumur-Ochir was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 04
Aranjin Resources Ltd. (TSXV:ARJN) completed the acquisition of Sharga Copper Project. Aranjin Resources Ltd. (TSXV:ARJN) entered into an agreement to acquire Sharga Copper Project for $2.9 million on May 19, 2021. Under the terms of transaction, Aranjin will pay a total of $1.5 million in cash in instalments and issue 30 million common shares in instalments, provided the issuance would not result in the vendor owning over 9.9% of the issued and outstanding common shares of Aranjin. In order to fund the cash portion of the acquisition, Aranjin Resources has entered into a term sheet for the issuance of a CAD 1,814,400 (approximately $1.5 million) unsecured convertible debenture. The completion of the acquisition and financing are subject to TSX Venture Exchange approval. As of July 19, 2021 The Aranjin Resources Ltd has received conditional approval of the acquisition from the TSXV Venture Exchange (“TSXV”) and is in the process of satisfying the conditions stipulated by the TSXV approval letter. Closing the acquisition is subject to final approval of the TSXV.
All securities issued pursuant to the acquisition and financing will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.
Aranjin Resources Ltd. (TSXV:ARJN) completed the acquisition of Sharga Copper Project on September 3, 2021. At the closing, the Company issued 26,653,822 to the vendor representing 9.9% of the issued and outstanding common shares on an undiluted basis. The balance of 3,346,178 common shares will be issued when the issuance will not result in the vendor owning more than 9.9% of the issued and outstanding common shares. Annuncio • Aug 11
Aranjin Resources Ltd. announced that it has received CAD 1.8144 million in funding On August 10, 2021, Aranjin Resources Ltd. closed the transaction. Annuncio • Feb 26
Aranjin Resources Ltd. Announces Drilling Program Aranjin Resources Ltd. announced the commencement of drilling program at its Bayan Undur ("BU") project. Over $10 million worth of historical drilling and associated analysis at the BU project has now been reviewed. As a result of this analysis, the Company plans to start with one deep hole at a highly targeted area of the BU project in April 2021. The BU project is located in the Bayan Undur soum of Bayankhongor province. The Company owns a 100% interest in the BU project which consists of 4 mining licenses. The ongoing restrictions related to the COVID 19 have delayed progress on license acquisition but the Company expects to have an active exploration program in 2021. The company expects to have an update on the pending acquisition of the Baruun Tal project in H1 2021. Annuncio • Feb 25
Aranjin Resources Ltd. Announces Resignation of Gizman Abbas, Director Aranjin Resources Ltd. announced that Mr. Gizman Abbas has resigned as a director of the Company. Annuncio • Oct 31
Five Star Diamonds Limited (TSXV:STAR) completed the acquisition of 2,773 Hectare Bayan Undur Copper project located in Bayankhongor Provinc. Five Star Diamonds Limited (TSXV:STAR) agreed to acquire 2,773 Hectare Bayan Undur Copper project located in Bayankhongor Province on November 4, 2019. Consideration will be paid through a combination of work programs, deferred cash payments and issuing of STAR shares. As per announcement of July 3, 2020, deal terms have been revised. As a result of this, Five Star Diamonds Limited agreed to acquire 2,773 Hectare Bayan Undur Copper project located in Bayankhongor Province for approximately MNT 420 million. Five Star Diamonds Limited will issue 10 million of STAR shares to vendors. The final terms for the acquisition are being finalized and are expected to be announced later this year. Completion of the acquisitions is subject to certain closing conditions including the approval of the TSX Venture Exchange.
Five Star Diamonds Limited (TSXV:STAR) completed the acquisition of 2,773 Hectare Bayan Undur Copper project located in Bayankhongor Province on October 30, 2020. Aranjin Resources acquired Bayan Undur Copper project for nominal cash consideration. Annuncio • Jul 22
A private investor group acquired Five Star Mineracao Ltda from Aranjin Resources Ltd. (TSXV:ARJN) for CAD 4 million. A private investor group acquired Five Star Mineracao Ltda from Aranjin Resources Ltd. (TSXV:ARJN) for CAD 4 million on July 21, 2020. The consideration comprised of a cash payment of CAD 4 million and a 1% net smelter royalty on any production at the Catalão Project, based on future sales locally or exported. The cash payment portion of the consideration is contingent on when the Catalão Project becomes operational, as per
below:
CAD 0.5 million within 6 months after start of commercial production of Alterated Zone;
CAD 0.5 million within 12 months after start of commercial production of Alterated Zone;
CAD 1 million within 6 months after start of commercial production of Fresh Rock;
CAD 2 million within 12 months after start of commercial production of Fresh Rock.
All related assets and liabilities have been transferred to the investor group.
A private investor group completed acquisition of Five Star Mineracao Ltda from Aranjin Resources Ltd. (TSXV:ARJN) on July 21, 2020.