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Blackwolf Copper and Gold Ltd. - $BWCGF STOCK NEWS

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Blackwolf Copper and Gold has mailed and filed materials for a special meeting on June 26, 2024, where shareholders will vote on a plan of arrangement with Treasury Metals. The proposed deal will see Treasury Metals acquire all Blackwolf shares, with Blackwolf shareholders receiving 0.607 of a Treasury Metals share for each Blackwolf share they hold. The Board recommends voting in favor of the arrangement. The Goliath Gold Complex Project, part of the deal, is projected to produce 109,000 ounces of gold annually for 13 years, with a net present value of $493 million. The combined company will have more than C$10 million in cash and plans additional financing of $6.4 million. The strategy includes strong management, enhanced capital markets focus, and aggressive exploration and acquisition plans.

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1.43%
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Blackwolf Copper and Gold announces the completion of its purchase of camp assets at the Niblack project from Matrix Camps and Logistics. Under the agreement, Blackwolf's subsidiary, Niblack Project , acquired these assets in exchange for a $100,000 deposit and 9.3 million common shares. Additionally, Matrix has been granted a three-year exclusivity to provide camp services at market rates. The shares are subject to a statutory hold period until September 23, 2024, and 50% of the shares have a resale restriction until May 22, 2025. This acquisition finalizes all previous claims between the parties.

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-1.38%
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Treasury Metals and Blackwolf announce an upsize to the Concurrent Financing, increasing it from $4 million to up to $6.4 million. Frank Giustra will lead the order, subscribing for $2 million. The financing will provide 18 months of exploration activity to drive strategic growth following the combination of the two companies. The Concurrent Financing consists of 27.7 million flow-through units at a price of $0.23 per unit, with proceeds used for Canadian exploration expenses related to Ontario mineral projects. Completion is subject to TSX approvals and customary closing conditions.

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Treasury Metals and Blackwolf have entered into an agreement to combine their companies to advance the Goliath Gold Complex Project in Ontario, focusing on gold production, exploration, and growth strategies. The Transaction aims to strengthen leadership, balance sheet, and capital markets team. The combined company anticipates near-term gold production with a 13-year mine life, aiming to produce 109,000 ounces of gold annually. The GGC Project has a net present value of $493 million and an internal rate of return of 33.5%. The companies plan to intensify exploration efforts, enhance capital markets focus, and pursue a growth and consolidation strategy. The Transaction, led by cornerstone investor Frank Giustra, will result in Treasury acquiring all outstanding shares of Blackwolf. The Transaction terms involve the exchange of BWCG shares for TML shares. The companies aim to create a new growth-focused North American gold platform, with a solid financial position and an experienced management team.

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3.54%
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Blackwolf Copper and Gold Ltd. announces the successful upgrade of its common shares from the OTC Pink Open Market to the OTCQB Venture Market in the United States. The company has also received The Depository Trust Company (DTC) eligibility, allowing its stock to be more easily traded by US institutional and retail investors. Blackwolf will continue to trade on the TSX Venture Exchange in Canada under the symbol 'BWCG' and on the OTCQB under the symbol 'BWCGF'. This move aims to enhance the company's visibility, liquidity, and shareholder base in the US market.
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0.69%
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Blackwolf Copper and Gold Ltd. announced the final assay results from the 7 hole surface drill program at the Harry Property and the 3 hole drill program at the Cantoo Property in 2023. Both properties are located in the prolific Golden Triangle. The Harry Property showed multiple mineralization styles, including high-grade gold-silver veins and multi-ounce silver base-metal veins. The Cantoo Property highlighted high-grade mineralization with multiple scree samples. Blackwolf's Executive Chairman and CEO expressed optimism about the discoveries and the potential for further high-grade discoveries in 2024.
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-30.43%
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Blackwolf Copper and Gold Ltd. (BWCG) had a successful year in 2023, making significant strides in exploration and resource development. The company closed private placements totaling $11.7 million, completed the acquisition of Optimum Ventures Ltd., and made a significant gold discovery in the Harry Project. With strategic reorganization, key board and management appointments, and the support of major shareholders, Blackwolf is poised for continued growth and success in 2024.
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Blackwolf Copper and Gold Ltd. (BWCG) Announces Positive Results from its Annual General Meeting
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6.24%
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Blackwolf Copper and Gold Ltd. (BWCG) appoints Ms. Vivien Chuang as a new independent director and Chair of the Audit Committee. The company also announces the resignation of Ms. Jessica Van Den Akker from its Board. Ms. Chuang brings over fifteen years of experience in the resource and mining sector, serving as CFO for various companies. The company has also entered into an agreement with OGIB Corporate Bulletin Ltd. for marketing services.
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Blackwolf Copper and Gold Ltd. (BWCG) Announces Participation in Key Conferences, CEO Morgan Lekstrom Invites Attendees to Engage Directly with Management Team
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5.12%
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Blackwolf Copper and Gold Ltd.

OTC:BWCGF

BWCGF Rankings

BWCGF Stock Data

11.86M
101.35M
17.29%
4.54%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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