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Canada One Mining Corp. (TSXV: CONE, OTC Pink: COMCF) has announced a non-brokered private placement of up to 37,500,000 units at $0.02 per unit, aiming to raise $750,000. Each unit includes one common share and one warrant, exercisable at $0.05 per share for three years post-closing. The funds will support exploration, development, liability settlements, and general administrative expenses, with up to 10% allocated for investor relations and non-arms length parties. The private placement is expected to close by August 23, 2024, pending regulatory approvals. The previously announced placement from April 15, 2024, has been cancelled. Additionally, revised expenditure requirements for the CM1 copper property include $30,000 by October 15, 2024, $75,000 by October 15, 2025, and $100,000 by October 15, 2026.
Canada One Mining Corp. (TSXV: CONE, OTC Pink: COMCF, FSE: AU31) has announced the appointment of Edward Rochette to its Advisory Board. Mr. Rochette has over 25 years of experience in the mining sector, having worked in over 35 countries. His notable acquisitions include the Monywa Copper, Bong Mieu Gold Mine, Bakyrchik Gold Mine, and Miwah Gold Project. Rochette has also played a key role in the consolidation and reopening of the Cripple Creek mining district, now owned by Newmont Mining with a 13M ounce gold reserve. Currently, he is a consultant to Robert Friedland, founder and Executive Co-Chairman of Ivanhoe Mines Rochette expressed enthusiasm for Canada One's Copper Dome project, emphasizing its location in an established mining jurisdiction next to the operating Copper Mountain mine. The company's president and CEO, Peter Berdusco, highlighted Rochette's extensive experience and its potential to enhance the company's profile and projects.
Canada One Mining Corp. has announced the appointment of Dave Anthony to its Advisory Board. Mr. Anthony brings over 40 years of experience in mine project development and operation, having held significant roles such as COO of African Barrick Gold and Cardinal Resources. He is currently the CEO of Asante Gold His expertise spans across Canada, Africa, Ecuador, Brazil, Indonesia, Chile, and Argentina, and includes designing, delivering, and operating both open pit and underground mining assets. Mr. Anthony's experience aligns well with Canada One's Copper Dome project, situated near the operational Copper Mountain mine.
Canada One Mining has appointed Peter Holbek as Head of the Technical Advisory Board. Holbek, a founding member of Copper Mountain Mining, brings over 40 years of experience in geology and mineral exploration. His notable achievements include directing the discovery and development of copper-gold porphyry deposits. Holbek's extensive knowledge of the Copper Dome project, which is adjacent to Copper Mountain, is expected to enhance Canada One's exploration efforts. CEO Mr. Berdusco highlighted that Holbek’s expertise will significantly improve the company's exploration strategies and outcomes.
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