ONGold increases exploration financing offer to $9.26 million
The enlarged best-efforts placement announced on October 5 remains subject to regulatory approvals and a planned closing.
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The enlarged best-efforts placement announced on October 5 remains subject to regulatory approvals and a planned closing.
Six first-pass holes totaling 2,172 metres at the Ontario project returned broad gold-bearing core intervals, with true widths yet to be established.
The utility says its system handles about 2,500 guarantees a year, while reliance on physical guarantees has fallen 74%.
The company completed a second hole at 425.8 metres; visually observed copper remains unconfirmed by laboratory assays.
Kenorland issued 45,794 shares to the two investors and reported gross proceeds of $114,393.41.
The company issued more than 18.1 million shares and plans to direct proceeds to exploration in Michigan, Quebec and Ontario.
The option to earn up to 70% of the Ontario ground depends on exploration spending and share issuances.
An initial site visit found no barrier to safe re-entry, but a fuller engineering assessment is still required.
The proposed consideration is 3,555,000 Big Bear shares; the transfer remains conditional.
The Alberta-led proposal would carry one million barrels per day to a proposed port in British Columbia; route details remain unsettled.
The funding opportunity would support nonprofit partnerships serving rural and municipal electricity providers; it is an announced intent, not an award.
The company has posted construction-phase financial assurance and is advancing long-lead equipment procurement.