Minnova Corp. Announces Reinstatement of Trading and Corporate Update
Minnova Corp. (OTC Pink: AGRDF) announced the reinstatement of its common shares trading on the TSX Venture Exchange following the resolution of a brief cease trade order. The company disclosed a working capital deficiency of $544,611 as of July 31, 2025.
To address this deficiency, Minnova plans to conduct a private placement offering to fund development at its PL Gold Mine, including up to 10,000 meters of drilling. The company is working with A&B Global Mining on an updated Mineral Resource Estimate and mine development plan, targeting 1,000 tonnes per day production from open pits before transitioning to underground operations.
Minnova Corp. (OTC Pink: AGRDF) ha annunciato la reintegrazione delle azioni comuni negoziate sul TSX Venture Exchange dopo la risoluzione di un breve ordine di sospensione. L'azienda ha comunicato una deficit di capitale circolante di 544.611 dollari al 31 luglio 2025.
Per fronteggiare tale deficienza, Minnova prevede una private placement per finanziare lo sviluppo della PL Gold Mine, includendo fino a 10.000 metri di trivellazioni. L'azienda sta collaborando con A&B Global Mining su una stima aggiornata delle Risorse Minerali e su un piano di sviluppo della miniera, con l'obiettivo di una produzione di 1.000 tonnellate al giorno da giacimenti a cielo aperto prima di passare alle operazioni sotterranee.
Minnova Corp. (OTC Pink: AGRDF) anunció la restablecimiento de la negociación de sus acciones comunes en la TSX Venture Exchange tras la resolución de una breve orden de cese de operaciones. La empresa comunicó una deficiencia de capital de trabajo de $544,611 al 31 de julio de 2025.
Para abordar esta deficiencia, Minnova planea realizar una oferta de colocación privada para financiar el desarrollo de su Mina de Oro PL, incluyendo hasta 10,000 metros de perforación. La compañía está trabajando con A&B Global Mining en una estimación actualizada de Recursos Minerales y un plan de desarrollo de la mina, con el objetivo de producir 1,000 toneladas por día desde canteras a cielo abierto antes de pasar a operaciones subterráneas.
Minnova Corp. (OTC Pink: AGRDF)가 짧은 매매 정지 명령이 해제된 후 TSX Venture Exchange에서 보통주 거래 재개를 발표했습니다. 회사는 2025년 7월 31일 기준 운전자본 부족액 $544,611를 공시했습니다.
이 부족분을 해결하기 위해 Minnova는 PL 골드 광산 개발 자금을 조달하기 위한 비공개 배정(offering)을 계획하고 있으며 최대 10,000미터의 시추를 포함합니다. 회사는 A&B Global Mining과 함께 업데이트된 광물자원 추정치와 광산 개발 계획을 마련하고 있으며, 노천에서 생산을 시작해 점차 지하 작업으로 전환하여 일일 1,000톤의 생산을 목표로 하고 있습니다.
Minnova Corp. (OTC Pink: AGRDF) a annoncé la réintégration de ses actions ordinaires cotées à la TSX Venture Exchange après la résolution d'une brève ordonnance de cessation de transaction. L'entreprise a déclaré une carence en fonds de roulement de 544 611 $ au 31 juillet 2025.
Pour remédier à cette déficience, Minnova prévoit une placement privé pour financer le développement de la mine PL Gold, incluant jusqu'à 10 000 mètres de forage. La société collabore avec A&B Global Mining sur une estimation actualisée des ressources minérales et sur un plan de développement minier, visant une production de 1 000 tonnes par jour à partir de puits à ciel ouvert avant de passer à des opérations souterraines.
Minnova Corp. (OTC Pink: AGRDF) hat die Wiederaufnahme des Handels ihrer Stammaktien an der TSX Venture Exchange nach der Aufhebung eines kurzen Handelsstopps bekannt gegeben. Das Unternehmen meldete zum Arbeitskapitaldefizit von 544.611 USD am 31. Juli 2025.
Um dieses Defizit zu beheben, plant Minnova eine Private-Placement-Emission zur Finanzierung der Entwicklung der PL Gold Mine, einschließlich bis zu 10.000 Meter Bohrungen. Das Unternehmen arbeitet mit A&B Global Mining an einer aktualisierten Schätzung der Mineralressourcen und einem Bergbauentwicklungsplan und strebt eine Produktion von 1.000 Tonnen pro Tag aus offenen Gruben an, bevor auf den Untertagebau umgestellt wird.
Minnova Corp. (OTC Pink: AGRDF) أعلنت عن إعادة إدراج أسهمها العادية للتداول في TSX Venture Exchange عقب حل أمر توقف قصير عن التداول. كشفت الشركة عن عجز رأس المال العامل قدره 544,611 دولاراً حتى 31 يوليو 2025.
لمعالجة هذا العجز، تخطط Minnova لإطلاق عرض اكتتاب خاص لتمويل التطوير في منجم PL Gold، بما في ذلك حتى 10,000 متر من الحفر. تعمل الشركة مع A&B Global Mining على تقدير موحّد للموارد المعدنية وخطة تطوير المنجم، مستهدفة إنتاجاً قدره 1,000 طن يومياً من المناجم المفتوحة قبل الانتقال إلى عمليات التعدين تحت الأرض.
Minnova Corp.（OTC Pink: AGRDF）宣布在短暂停牌解决后，重新在 TSX Venture Exchange 交易普通股。公司披露截至 2025 年 7 月 31 日的<营运资本短缺为 544,611 美元。
为解决这一短缺，Minnova 计划进行私募配售以资助其 PL Gold Mine 的开发，包括<最多 10,000 米钻探。公司正在与 A&B Global Mining 合作，更新矿产资源估算和矿山开发计划，目标是先从露天矿区每日生产<1,000 吨，再转入地下作业。
- None.
- Working capital deficiency of $544,611 as of July 31, 2025
- Need for dilutive private placement offering to address capital deficiency
Toronto, Ontario--(Newsfile Corp. - September 11, 2025) - Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company") announces that its common shares (the "Common Shares") will be reinstated on the TSX Venture Exchange (the "TSXV"). This follows the successful resolution of the cease trade order issued by the Ontario Securities Commission (the "OSC") on August 5, 2025, which was revoked by the OSC on August 6, 2025.
Pursuant to the TSXV trading reinstatement review, the Company is providing the following disclosure. As of July 31, 2025, the Company has a working capital deficiency of
PL Gold Mine Development Update
The Company engaged A&B Global Mining (see press release of August 21, 2025) and is advancing on plans for an updated Mineral Resource Estimate (MRE) and preliminary open pit and underground mine design and layout. Work is well underway on a new mine development plan that considers the current gold price, restarting mining operations from open pits that can provide 1,000 tonnes per day run-of-mine (ROM) ore to the mill before transitioning to underground mining operations.
About Minnova Corp.
Minnova Corp. is focused on the restart of its PL Gold Mine, which included completion of a Positive Feasibility Study in 2018, based on a gold price of US
For more information please contact:
Minnova Corp.
Gorden Glenn
President & Chief Executive Officer
Tel: (647) 985-2785
For further information, please contact Investor Relations: info@minnovacorp.ca
Visit our website at www.minnovacorp.ca.
Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266118
FAQ
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