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Meryllion Resources (MYRLF) closed a shares-for-debt transaction with its CFO, issuing 200,000 common shares at $0.05 per share to settle $10,000 of accrued salary. The shares are subject to a hold period of four months and one day. The transaction is considered a related party transaction under MI 61-101, with exemptions from valuation and minority shareholder approval requirements. For more information, contact Mr. Richard Revelins, the CEO.
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Meryllion Resources Corporation (MYRLF) cancels 2,290,000 stock options, plans shares-for-debt transaction. The cancelled options ranged from $0.105 to $0.115 exercise prices. The debt settlement with CFO involves issuing 200,000 common shares at $0.05 per Share. The Shares will be subject to a hold period of four months and one day. The Company expects to rely on exemptions for related party transactions. Contact Mr. Richard Revelins for further information.
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Meryllion Resources Corporation (CSE: MYR) has exercised the option payment for rare earth exploration leases in Tasmania, issuing 4,186,046 common shares at a deemed price of CAD$0.043 per share, totaling CAD$180,000 (AUD$200,000). The shares are subject to a hold period of four months and one day. Contact information for further inquiries is provided.
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Meryllion Resources Corporation (CSE: MYR) has announced the release of an NI 43-101 compliant technical report in respect of the Ionic Adsorption Clay hosted rare earths project in Tasmania. The report concludes that the geological setting of the licenses is favorable for the formation of iREE mineralization similar to those that contribute to the majority of the world's REE in southern China. Meryllion CEO, Richard Revelins, stated that the independent expert has reached a similar conclusion to their exploration team, and the Company believes these types of deposits will rapidly gain attention as companies begin to better understand and develop geological models.
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Meryllion Resources Corporation announces its intention to exercise its option to acquire rare earth exploration leases in Tasmania from Tasmania Strategic Green Metals Pty Ltd. and Westbury Resources Pty Ltd. The company will make an initial payment of AUD$200,000 through the issuance of 4,186,046 common shares. CEO Richard Revelins expresses optimism about the project and the partners' decision to take their option consideration in the form of shares. The company plans to earn a 50% interest in the project by spending a minimum of AUD$300,000 and committing to additional project expenditures within a specified timeframe. Meryllion also has the right to acquire additional interests in the project, up to a maximum of 80%, through funding additional project expenditures and making cash and common shares payments to TSGM/Westbury. All common shares issued pursuant to the option shall be subject to a hold period of four months and one day from the date of issuance.
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Meryllion Resources Corporation (CSE: MYR) closed a non-brokered private placement, issuing 8,011,625 units at $0.04 per unit, generating $320,465 in gross proceeds. Insiders participated in the placement, with certain individuals increasing their ownership. The Private Placement is subject to CSE acceptance and a hold period of four months and one day.
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Meryllion Resources Corporation (CSE: MYR) (OTC PINK: MYRLF) announces an amendment to its non-brokered private placement financing, offering up to 14,900,000 units at $0.04 per unit for gross proceeds of up to $596,000. The proceeds will be used for the exercise of the Company's option in respect to Tasmanian Strategic Green Metals Pty Ltd. and Westbury Resources Pty Ltd. and to commence exploration activities.
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Meryllion Resources Corporation (CSE: MYR) Announces Non-Brokered Private Placement Financing of Up to $1,192,000 for Rare Earth Elements Exploration. The financing involves the issuance of 29,800,000 common shares at $0.04 per share, with proceeds to be used for the exercise of the Company's option in respect to Tasmanian Strategic Green Metals Pty Ltd. and Westbury Resources Pty Ltd. and to commence exploration activities for rare earth elements in northeastern Tasmania, Australia.
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Meryllion Resources Corporation has entered into an amended Agreement to acquire an additional 250 square kilometre rare earth exploration lease in Tasmania, Australia. The new acquisition brings Meryllion's total ground position to approximately 852 square kilometres. Surface sampling on the Westbury ground has resulted in samples grading up to 4,000 ppm TREO. The transaction has the potential to result in a Change of Control of the Company.
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Meryllion Resources Corporation enters into a marketing consulting agreement with Jemini Capital for corporate development, marketing, and financing services. Jemini will receive a monthly retainer fee of CAD$4,000 and stock options to purchase 500,000 common shares of the Company. The Corporation also borrows AUD$50,000 (CAD$43,665) from Croesus Mining Pty Ltd.
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MERYLLION RESOURCES CP
OTC:MYRLF
MYRLF Rankings
MYRLF Stock Data
1.12M
28.10M
33.24%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Toronto