Fabled Silver Go Stock Price, News & Analysis

Fabled Silver Gold Corp. (FBSGF) has announced the termination of its Santa Maria Option Agreement with Golden Minerals Company, effective February 22, 2023, due to financial constraints. In a strategic move, the company has entered a binding letter of intent with Kootenay Silver Inc. to acquire the Mecatona Property in Chihuahua, Mexico. This deal involves issuing 2 million shares to Kootenay and annual periodic payments of $20,000. Additionally, Fabled has canceled its earlier private placement, which did not raise any funds. The company has experienced changes in its board, with key resignations and the appointment of Chris Zerga as a new director.

Fabled Silver Gold Corp. has received TSX Venture Exchange approval for common share consolidation. The Board of Directors confirmed a consolidation ratio of one new share for every five old shares. As of the Effective Date, January 26, 2023, approximately 43 million shares will be outstanding post-consolidation. Current shares total 215,446,649. No name change is involved, and shares will continue trading under the symbol FCO. Registered shareholders will receive letters of transmittal to exchange old certificates for new ones, while non-registered shareholders will see adjustments through brokerage accounts.

Fabled Silver Gold Corp. plans a non-brokered private placement financing to raise up to C$1,500,000 at C$0.10 per unit, with an expected closing around January 31, 2023. Each unit includes one common share and a warrant to buy another share at C$0.15 for 24 months. The company is also undertaking a 5:1 share consolidation, reducing outstanding shares from 215,446,649 to approximately 43,089,330. Proceeds will support property payments and exploration for the Santa Maria Property. All securities will be subject to a four-month hold period.

Fabled Silver Gold Corp has amended its option agreement with Golden Minerals Company for the Santa Maria Project. The amended agreement requires a final payment of US$2,000,000, structured in installments of $250,000 due by January 31, March 31, June 30, September 30, December 31, 2023, and March 31, 2024. Additionally, Fabled plans to issue shares worth US$210,000 as part of the agreement. The company will also hold a special meeting on January 10, 2022 to discuss a share consolidation proposal.

Fabled Silver Gold Corp. announced the successful approval of all resolutions at its Annual General Meeting on October 27, 2022, where 33,569,956 common shares, representing 15.62% of total shares, were voted. The Board of Directors will consist of four members, including David W. Smalley and Peter J. Hawley. The firm has opted not to extend its non-brokered private placement initially announced on June 23, 2022, closing it with gross proceeds of C$415,800. Additionally, shares will be issued to Agora Internet Relations Corp. as part of an advertising agreement.

Fabled Silver Gold Corp. (TSXV:FCO) announces a 30-day extension of its non-brokered private placement offering, initially disclosed on June 23, 2022. The company had closed the first tranche for C$415,800 on July 20, 2022. Net proceeds will be allocated for general working capital and exploration at the Santa Maria property in Mexico. All issued securities will be subject to a four-month hold period. The closing requires necessary regulatory approvals, and finder's fees may be paid to eligible parties.

Fabled Silver Gold Corp. has closed the first tranche of a non-brokered private placement, issuing 5,940,000 units at C$0.07 per unit for gross proceeds of C$415,800. Each unit includes a common share and a warrant, allowing the purchase of an additional share at C$0.12 within 24 months. Proceeds will support working capital and exploration at the Santa Maria property in Mexico. A Finder's Fee of $23,394 was paid to Canaccord Genuity Corp. Share issuance to Agora will see 211,875 shares allocated at $0.08 each, valued at $15,000.