Welcome to our dedicated page for Gold Mtn Mng news (Ticker: GMTNF), a resource for investors and traders seeking the latest updates and insights on Gold Mtn Mng stock.
Gold Mountain Mining Corp (GMTNF) is a British Columbia-based precious metals company focused on gold and silver production at its flagship Elk Gold Mine. This page provides investors and industry observers with timely updates on corporate developments, operational milestones, and strategic initiatives.
Access official press releases, financial disclosures, and exploration updates in one centralized location. Track key activities including production results, resource estimates, debt management progress, and partnership announcements. Our news collection enables informed analysis of GMTNF's operational performance and market positioning.
Content spans quarterly financials, mine expansion plans, drilling results, and management commentary. Regular updates cover metallurgical testing outcomes, permitting developments, and capital structure changes. All information is sourced directly from company filings and verified announcements.
Bookmark this page for streamlined monitoring of GMTNF's progress in British Columbia's mining sector. Combine real-time market data with fundamental operational updates to stay informed about this developing precious metals producer.
Gold Mountain Mining Corp. (TSX:GMTN)(OTCQB:GMTNF) announced a $6.5 million financing through a convertible secured debenture issued to choomEEnsh a Nlaka'pamux LP. The debenture is convertible into 81,250,000 common shares at $0.08 per share, matures in 10 years, and carries a 10% annual interest rate. The investor is affiliated with Nhwelmen Construction, an existing insider owning 27.30% of the company. This transaction requires TSX approval and written evidence from over 50% of disinterested shareholders. The financing aims to improve the company's financial position, as determined by a special committee of independent directors.
Gold Mountain Mining Corp. (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) has announced the closing of debt settlement transactions involving Nhwelmen Construction Partnership. The company settled $6.5 million in secured debt by issuing 50,000,000 common shares worth $1.5 million and a $5 million convertible debenture. The debenture can be converted into 62,500,000 shares at $0.08 per share, matures in four years, and accrues 12% interest annually. Additionally, Gold Mountain converted $1,700,660 of unsecured debt into 56,688,667 common shares for other vendors. Upon full conversion, 169,188,667 shares will be issued, equating to 24.63% of the total outstanding shares. Nhwelmen, now holding 35.18% of shares post-conversion, is classified as an insider. The transactions are aimed at improving Gold Mountain's financial position and have received approval from the Toronto Stock Exchange.
Gold Mountain Mining has reached an agreement to settle its $6.5 million debt with Nhwelmen Construction. Nhwelmen will receive 50 million common shares for $1.5 million of this debt and a $5 million convertible debenture, which can be converted into 62.5 million shares at $0.08 each. The debenture matures in four years with an annual interest rate of 12%. Additionally, Gold Mountain plans to approach unsecured vendors to convert up to $1.7 million in debt into shares. These transactions could result in dilution, increasing Nhwelmen's ownership to 32.61% if fully converted. These steps are part of the company's efforts to improve its financial stability.
Gold Mountain Mining Corp. appoints Nadine Hoehne, a graduate of the University of British Columbia, to its Board of Directors. Hoehne brings over 20 years of experience in major projects across various industries. She specializes in building relationships between Indigenous communities, government entities, and industries while respecting Indigenous rights and finding mutually beneficial solutions. Hoehne will focus on strategic planning, recovery, and expansion at Gold Mountain. In other news, Keith Minty resigns from the Board of Directors. Gold Mountain is a BC-based gold and silver production company with a focus on developing the Elk Gold Mine.
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