Welcome to our dedicated page for Metalite Resources news (Ticker: JNCCF), a resource for investors and traders seeking the latest updates and insights on Metalite Resources stock.
Metalite Resources Inc. (JNCCF) is a Canadian junior exploration company actively developing precious metals portfolio while expanding into critical minerals. This news hub provides authorized updates on corporate developments and project milestones essential for tracking the company's evolution.
Investors will find verified information on strategic initiatives including share structure changes, debt-to-equity conversions, and acquisition progress for the Ontario critical metals project. The repository also covers financial updates such as private placement details and auditor changes, providing complete visibility into corporate governance.
Bookmark this page for direct access to Metalite's official communications, enabling informed analysis of their exploration programs and capital management strategies. Check regularly for updates as the company advances its dual focus on precious and critical metal assets.
RooGold Inc. (CSE:ROO, OTC PINK:JNCCF) announced a successful 2021, having acquired multiple gold properties in New South Wales, Australia, a region rich in mineral resources. The acquisitions include 100% of Southern Precious Metals Ltd. and RooGold Ltd., resulting in a portfolio of 13 concessions over 1,380 km², encompassing 137 historic mines. The company closed a financing round of $2.63 million to fund exploration, focusing on key properties along the mineral-rich Peel-Manning Fault. CEO Mike Mulberry emphasizes plans for a best-in-class management team and enhanced market awareness in 2022.
RooGold has appointed Ramantra Sheopaul as its new Chief Financial Officer, succeeding Jonathan Younie, who will continue in a consulting role. Sheopaul brings extensive experience from Marrelli Support Services, focusing on CFO and compliance services for numerous issuers in Canadian and U.S. exchanges. RooGold's strategy targets growth through consolidation and exploration in New South Wales, Australia, boasting 13 high-grade potential gold and silver concessions across 1,380 km², featuring 137 historic mining sites.
RooGold Inc. (OTC: JNCCF) has engaged Cascade Ventures Ltd. for 12 months to enhance corporate strategies including investor relations and communications. Cascade will receive $5,000 monthly plus 10% of funds spent on services, along with 500,000 stock options at $0.265 per share. Additionally, RooGold granted 75,000 stock options to other consultants. RooGold aims to solidify its presence in New South Wales, Australia, with a portfolio of 13 high-grade concessions covering 1,380 km².
JNC Resources Inc. is consolidating its shares on a 1:2 basis and changing its name to RooGold Inc., pending approval from the Canadian Securities Exchange (CSE). Currently, there are 109,411,000 common shares issued, which will be reduced to 54,705,500 post-consolidation. This move aims to enhance ongoing corporate finance efforts. The consolidation is anticipated to take effect on September 16, 2021, with a record date of September 17, 2021. RooGold will hold a portfolio of 13 high-grade precious metals concessions in New South Wales, Australia.
JNC Resources Inc. has completed the escrow closing of a definitive agreement to acquire a 100% interest in RooGold's subsidiary, Great Southern Precious Metals Pty Ltd., which owns nine past producing and exploratory properties in New South Wales, Australia. The Company issued 40 million common shares, with 25% released based on certain conditions, and expects to obtain Ministerial Approval soon. This acquisition enhances JNC's position in the precious metals sector, consolidating its landholdings to cover 1,380 km² with 137 historic mines and prospects.
JNC Resources Inc. has successfully closed a definitive agreement to acquire Southern Precious Metals Ltd. (SPML), with New South Wales ministerial approval received. JNC issued 6 million common shares to SPML shareholders in exchange for all SPML shares. The company plans a two-for-one share consolidation and is conducting a non-brokered private placement expected to raise up to $5 million. JNC is set to become a major player in the New South Wales precious metals sector, holding a portfolio of 13 high-grade concessions.
JNC Resources Inc. (CSE:JNC)(OTC PINK:JNCCF) has signed a definitive Asset Purchase Agreement with Aussie Precious Metals Corporation to acquire the Trilby and Lorne properties in New South Wales, Australia. This acquisition consolidates JNC's land position in a region known for its gold mineralization, now totaling 422 km2 and 48 historic gold mines.
JNC will issue 4 million shares post-consolidation and pay C$25,000 at closing. The properties are strategically located near the Peel-Manning Fault system, enhancing JNC's potential in mineral exploration.
JNC Resources Inc. (CSE:JNC, OTC PINK:JNCCF, FSE:5VH) has signed a definitive Share Exchange Agreement with RooGold Inc. to acquire nine past producing and exploratory properties in New South Wales, Australia. This deal aims to enhance JNC's Australian portfolio and establish a strong land position in the region. The Company is also launching a non-brokered private placement of up to CAD $5 million to fund exploration activities. The newly acquired properties have historical high-grade gold and silver production, and JNC plans to initiate focused exploration programs soon.
JNC Resources Inc. has signed a Letter of Intent with Aussie Precious Metals Corp. to acquire two historically producing properties in New South Wales, Australia. The properties, Trilby and Lorne, span a combined area of 317.5 km² and are part of a gold-rich region with historical production grades of up to 15 g/t Au. This acquisition enhances JNC's portfolio, which includes the recently announced RooGold property. CEO Michael Mulberry expressed excitement over the strategic expansion in a globally recognized mining jurisdiction.
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