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Lucky Minerals Inc. (OTC Pink:LKMNF) has completed the second tranche of its private placement, raising $464,800 through the issuance of 5,810,000 units at $0.08 each. This brings the total raised from the offering to $2,448,448. Each unit comprises one common share and a warrant exercisable at $0.15 until February 19, 2023. The proceeds will fund exploration at the Fortuna Project in Ecuador and general working capital. Notably, the company has established a MOU with First Quantum Minerals Ltd. regarding copper targets within Fortuna.
Lucky Minerals Inc. (LKMNF) has closed the first tranche of its private placement, successfully raising C$1,983,648 from the sale of 24,795,600 units at C$0.08 each. This is part of a larger offering aimed at raising up to C$5,000,000. Each unit consists of one common share and a warrant, exercisable for C$0.15 over 24 months. Funding will support exploration expenditures on the Fortuna Property in Ecuador and general corporate purposes. Securities are subject to a four-month hold period.
Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF) announced promising results from the Sherman Prospect in Ecuador, with a rock chip sample showing 0.477 g/t gold. The discovery highlights potential for significant stockwork-type quartz veining in meta-granites, indicating bulk tonnage possibilities. CEO Francois Perron emphasized the exciting near-surface gold potential as fieldwork progresses. Lucky holds a 100% interest in the Fortuna Project, covering a 550 km2 area in a gold-rich belt, further showcasing the company's growth prospects.
Lucky Minerals Inc. (OTC PINK:LKMNF) has announced the identification of the Sherman Prospect on its Fortuna 4 concession in Ecuador, featuring significant quartz veining covering approximately 5.5 km by 4.5 km. Recent rock chip samples indicate the presence of anomalous gold, with values reaching 1.66 g/t. The CEO expressed optimism about the potential for more exploration, while geological mapping revealed quartz veins ranging from 1 mm to 2 m wide. The company has engaged the Independent Trading Group as its market maker for an initial trial period, emphasizing their commitment to effective trading operations.
Lucky Minerals Inc. (TSXV: LKY, OTC: LKMNF) announced the results of its Annual General Meeting held on September 15, 2020. Shareholders approved all resolutions, including the appointment of six Directors and the new auditor, PriceWaterhouseCoopers LLP. Adrian Rothwell was appointed Executive Chairman, while Francois Perron became President and CEO, aiming to enhance management expertise. The company also maintains its 10% Rolling Stock Option Plan. Lucky continues to explore its Fortuna and Emigrant Projects, strategically positioning itself in the mineral exploration market.
Lucky Minerals Inc. (OTC PINK:LKMNF) announced the discovery of quartz veins in the Fortuna 3 and 4 concessions of its 55,000-hectare property in Ecuador. CEO Adrian Rothwell highlighted this as proof of concept for potential epithermal gold mineralization. Two sets of quartz veins, ranging from 0.40 m to 2.0 m in width, have been identified. Additionally, the El Garo epithermal alteration zone has expanded to 1.6 km x 0.8 km, and soil sampling will commence soon. The company emphasizes rigorous safety protocols as field work resumes following COVID-19 restrictions.
Lucky Minerals Inc. (OTC PINK: LKMNF) announced the expansion of the El Garo epithermal target area within the Fortuna 1 concession. Recent structural analysis indicates a relationship between the El Garo alteration zone and a caldera-like feature measuring 5 km in diameter. The area has expanded to approximately 1.6 km by 800 meters. The company has initiated permitting for trenching and scout drilling, alongside a soil grid sampling program. CEO Adrian Rothwell expressed optimism about continued exploration, adhering to COVID-19 safety protocols.