Magnum Goldcorp Inc. (V:MGI*CA)

Business Focus: Precious Metals & Minerals

Feb 08, 2018 01:47 pm ET
LH Property Update: Magnum Goldcorp Hits High Grade Gold - 8.5m of 7.10 g/t, including 6.1m of 8.63 g/t, and as well, 12m of 1.6 g/t
West Vancouver, British Columbia--(Newsfile Corp. - February 8, 2018) - Magnum Goldcorp Inc. (TSXV: MGI) (the "Company" or "Magnum") is pleased to announce analytical results from the Company's successful helicopter-supported drill program recently completed on its gold exploration property (the "LH Property"). The LH Property consists of 19 contiguous crown granted claims and six mineral claims located approximately 7 km south of Silverton, British Columbia, on the east side of Slocan Lake. Access to the LH Property is via Highway 6 for 1.8 km south of Silverton and then via Red Mountain Road for 1.6 km and a four-wheel drive road along Fingland Creek for 9 km.
Nov 29, 2017 02:01 pm ET
Magnum Goldcorp Closes Second (Final) Tranche of Non-Brokered Private Placements
West Vancouver, British Columbia--(Newsfile Corp. - November 29, 2017) - Magnum Goldcorp Inc. (TSXV: MGI) (the "Company" or "Magnum") Further to the Company's news releases of September 8 and October 25, 2017, Magnum is pleased to announce that it has closed the second and final tranche of its flow through and non-flow through non-brokered private placements. Under the first tranche, the Company raised $221,040 by the issuance of 3,684,000 flow through shares (the "FT Shares") at $0.06 per FT Share. Under the second tranche, the Company has raised an additional $576,000 by the issuance of 700,000 FT Shares at $0.06 per FT Share and 10,680,000 non-flow through units (the "NFT Units") at $0.05 per NFT Unit. Each NFT Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share for a period of 2 years at an exercise price of $0.10. In connection with the closing of the second tranche of the private placement, finders' fees in the amount of $22,700 were paid in cash by the Company (being 10% of the gross proceeds raised by the Company from investors introduced to the Company by such finders). All the securities issued pursuant to the second tranche of the private placement are subject to a hold period expiring March 29, 2018.
Oct 26, 2017 09:30 am ET
Magnum Goldcorp Receives Permit and Initiates Drill Program on its LH Gold Exploration Property, BC
West Vancouver, British Columbia--(Newsfile Corp. - October 26, 2017) - Magnum Goldcorp Inc. (TSXV: MGI) (the "Company" or "Magnum") is pleased to provide an update on its "LH" gold exploration property (the "LH Property"). The LH Property consists of 19 contiguous crown granted claims and six mineral claims located approximately 7 km south of Silverton, British Columbia, on the east side of Slocan Lake.
Oct 25, 2017 02:37 pm ET
Magnum Goldcorp Closes First Tranche of Non-Brokered Private Placements
West Vancouver, British Columbia--(Newsfile Corp. - October 25, 2017) - Magnum Goldcorp Inc. (TSXV: MGI) (the "Company" or "Magnum") - Further to the Company's news releases of September 8 and October 20, 2017, Magnum is pleased to announce that it has closed the first tranche of its non-brokered private placement offerings (the "Private Placements"). Under the first tranche, the Company has raised $221,040 by the issuance of 3,684,000 flow through shares (the "FT Shares") at $0.06 per FT Share. In connection with the closing of tranche 1, finder's fees in the amount of $14,400 were paid to PI Financial Corp. ("PI") in cash, being 10% of the gross proceeds raised by the Company from investors introduced to the Company by PI. All the securities issued pursuant to the first tranche of the Private Placements are subject to a hold period expiring February 26, 2018. The Company anticipates receiving additional subscriptions for its flow through and non-flow through Private Placements, and following receipt of the same, a further closing will be completed and announced.