공시 • Mar 14
South Atlantic Gold Inc. announced that it has received CAD 4.2 million in funding from AIMS Asset Management Sdn Bhd On March 13, 2026, South Atlantic Gold Inc closed the transaction. The company announced that it has issued 84,000,000 common shares of the Company (the “Shares”) at a price of CAD 0.05 per Share for gross proceeds of CAD 4,200,000. In connection with the Offering the Company paid aggregate finders' fees on externally sourced funds of CAD 43,475 cash, issued 4,167,500 Shares at a deemed price of CAD 0.05 and issued 5,037,000 non-transferrable finders warrants. Each Finder Warrant will entitle the holder to acquire one Share at a price of CAD 0.065 until March 13, 2028. The Shares issued pursuant to the Offering, Finder Warrants and Finder Shares are subject to a four month and one day hold period under applicable Canadian securities laws expiring on July 14, 2026. Phoenix acquired 12 million common shares for a total purchase price of CAD 600,000. 공시 • Aug 01
South Atlantic Gold Inc. announced that it expects to receive CAD 0.5 million in funding South Atlantic Gold Inc. announced that it has entered into a loan and unsecured promissory note agreement for gross proceeds of CAD 500,000 on July 31, 2025. The Loan bears interest at 8% per annum and will mature 24 months from date of issue. No finders’ fees were paid in connection with the Loan. 공시 • Jun 29
ValOre Metals Corp. (TSXV:VO) cancelled the acquisition of South Atlantic Gold Inc. (TSXV:SAO). ValOre Metals Corp. (TSXV:VO) signed a letter of intent to acquire South Atlantic Gold Inc. (TSXV:SAO) for CAD 2.8 million on February 14, 2025. ValOre Metals Corp. (TSXV:VO) signed a letter of intent to acquire South Atlantic Gold Inc. (TSXV:SAO) on March 26, 2025. ValOre will acquire all of the issued and outstanding common shares in the capital of South Atlantic and other securities of South Atlantic. In accordance with the terms of the LOI, ValOre will acquire the South Atlantic Shares in consideration of the issuance of an aggregate of 38,500,000 common shares in the capital of ValOre equating to approximately CAD 2.7 million. Buy side termination fee is $65,000. Following completion of the Proposed Transaction, it is expected that the South Atlantic Shares will no longer be listed on any public market and South Atlantic will cease to be a reporting issuer under Canadian securities laws. In addition to South Atlantic Shareholder approval, the completion of the Proposed Transaction will be subject to the parties entering into the Definitive Agreement, court and regulatory approvals, including the approval of the TSXV, as well as other customary closing conditions. The LOI contemplates that the parties will enter into a definitive agreement with respect to the Proposed Transaction on or prior to February 28, 2025. The Meeting is expected to be held during the second quarter of 2025. The transaction approved unanimously by each of the boards of directors of ValOre and South Atlantic. Subject to the satisfaction of such conditions, the Proposed Transaction is expected to be completed during the second quarter of 2025. As of June 10, 2025, the transaction is expected to be completed on July 3, 2025.
Termination fee of CAD 0.15 payable to ValOre under certain circumstances and, in certain other customary circumstances. Jeff Taylor of Bennett Jones LLP acted as legal advisor to ValOre Metals Corp. Keith Inman of Pushor Mitchell LLP acted as legal advisor to South Atlantic Gold Inc.
ValOre Metals Corp. (TSXV:VO) cancelled the acquisition of South Atlantic Gold Inc. (TSXV:SAO) on June 27, 2025. 공시 • Feb 20
ValOre Metals Corp. (TSXV:VO) signed a letter of intent to acquire South Atlantic Gold Inc. (TSXV:SAO) for CAD 2.8 million. ValOre Metals Corp. (TSXV:VO) signed a letter of intent to acquire South Atlantic Gold Inc. (TSXV:SAO) for CAD 2.8 million on February 14, 2025. ValOre will acquire all of the issued and outstanding common shares in the capital of South Atlantic (the “South Atlantic Shares”) and other securities of South Atlantic (the “Proposed Transaction”). In accordance with the terms of the LOI, ValOre will acquire the South Atlantic Shares in consideration of the issuance of an aggregate of 38,500,000 common shares in the capital of ValOre equating to approximately CAD 2.7 million. Following completion of the Proposed Transaction, it is expected that the South Atlantic Shares will no longer be listed on any public market and South Atlantic will cease to be a reporting issuer under Canadian securities laws. In addition to South Atlantic Shareholder approval, the completion of the Proposed Transaction will be subject to the parties entering into the Definitive Agreement, court and regulatory approvals, including the approval of the TSXV, as well as other customary closing conditions. The LOI contemplates that the parties will enter into a definitive agreement with respect to the Proposed Transaction on or prior to February 28, 2025. The Meeting is expected to be held during the second quarter of 2025. The transaction approved unanimously by each of the boards of directors of ValOre and South Atlantic. Subject to the satisfaction of such conditions, the Proposed Transaction is expected to be completed during the second quarter of 2025. 공시 • Jan 14
South Atlantic Gold Inc., Annual General Meeting, Mar 14, 2025 South Atlantic Gold Inc., Annual General Meeting, Mar 14, 2025. Location: british columbia, kelowna Canada 공시 • Oct 24
South Atlantic Gold Inc Provides General Status Update on its Tenements and Permitting Status for the Pedra Branca Project South Atlantic Gold Inc. to provide a general status update on its tenements and permitting status for the Pedra Branca project and the advances that have been made throughout this year. Throughout the past 12 months, the Company has successfully submitted the ANM with the National Mining Agency of Brazil which provides the guidance rules of the Final Exploration Repor for 3 tenements (800.036/2016, 800.037/2016 and 800.341/2016) and has also submitted the Partial Exploration Report and requested the permit extension of 1 tenement (800.385/2021). With regards to its 3 main tenements (Queimadas, Coelhos and Mirador): The Company has worked with Secretaria de Meio Ambiente do Estado do Ceará the environmental agency of the state of Ceara ("SEMACE") in the past two years to present the Project and all necessary documentation to start the licensing process. On April 30th, 2024, SEMACE issued the Terms of Reference stablishing the minimum requirements for the environmental studies in the area of influence of the Project. The document is valid for one year. Previously, ANM has successfully approved the mine concession plan of the Company which was filed back in 2019 for its 3 main tenements (Queimadas, Coelhos and Mirador), with such approval, the Company has received a request to advance the permit to an operational license to be provided by SEMACE - . To achieve such license it is necessary to provide an Environmental Impact Study (EIA) and respective Environmental Impact Report (RIMA) based on the Terms of Reference issued above. While environmental studies are being prepared, the Company is providing an update to ANM every 180 days as part of the general compliance requirement. The Company is also working and is expected to submit the PER's and request for permit extension of another 5 tenements (800.431/2021, 800.432/2021, 800.433/2021, 800.434/2021 and 800.435/2021) by the end of November 2024 (the "Additional Extensions"). The FER's filed for 15 tenements in 2022 and 3 tenements in 2023 are still under analysis by the ANM. There is no set deadline for a response from the government, however the Company considers such areas a lower priority for exploration at this stage. All tenements remain in good standing. 