Welcome to our dedicated page for SYLLA GOLD news (Ticker: SYGCF), a resource for investors and traders seeking the latest updates and insights on SYLLA GOLD stock.
Sylla Gold Corp (SYGCF) maintains this dedicated news hub for stakeholders tracking its gold exploration initiatives and strategic financial decisions. This page consolidates official announcements ranging from mineral licence acquisitions to capital structure updates, providing investors with a centralized resource for operational developments.
Users will find verified updates on key activities including geological survey results, share consolidation processes, and African gold property acquisitions. The curated content emphasizes factual reporting of exploration milestones, partnership agreements, and regulatory filings essential for informed analysis of SYGCF's market position.
This repository serves both active traders monitoring near-term catalysts and long-term investors assessing the company direction. All materials adhere to strict factual accuracy standards, sourcing directly from corporate disclosures and regulatory filings to ensure reliability.
Bookmark this page for streamlined access to SYGCF's evolving story in gold exploration. Check regularly for updates on Namibia licence developments, capital management strategies, and technical exploration progress critical to evaluating the company's trajectory.
Sylla Gold Corp (TSXV: SYG) (OTCQB: SYGCF) has announced the issuance of unsecured non-interest bearing promissory notes totaling $97,500. The notes were issued to both arm's length and non-arm's length creditors, including company directors and officers, making this a related party transaction. The principal amounts will be used for general working capital purposes and are payable upon demand.
The transaction requires TSX Venture Exchange approval and falls under MI 61-101 regulations. The company is exempt from valuation and minority shareholder approval requirements as it's not listed on a specified market and the insider-held notes don't exceed 25% of market capitalization. Sylla expedited the closing process, foregoing the standard 21-day material change report filing period.
Sylla Gold Corp. (TSXV: SYG) (OTCQB: SYGCF) has completed a non-brokered private placement, raising $160,000 through the issuance of 3,200,000 units at $0.05 per unit. Each unit consists of one common share and one warrant, with warrants exercisable at $0.07 for 18 months. The company paid $4,900 in finder's fees and issued 98,000 finder's warrants. Proceeds will be used for working capital and general corporate purposes. Securities are subject to a four-month hold period. Additionally, Sylla Gold has decided not to proceed with the previously announced acquisition of exploration licenses in Namibia from Namibia Critical Metals Inc.
Sylla Gold has amended its share purchase agreement with Namibia Critical Metals to acquire four gold properties in Namibia. The properties are located in Grootfontein, Erongo, Otjiwarongo, and Kaoko. The acquisition involves Sylla acquiring 95% interests in NMI's Namibian subsidiaries for 3,000,000 common shares at $0.05 per share and a $100,000 cash payment. The closing date is extended to August 31, 2024. Approval from the TSX Venture Exchange and regulatory bodies is pending.
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