Mega Prec Metals (MPRXF) 0.0789 $MPRXF
Yamana Gold To Acquire Mega Precious Metal, An Exploration Company For C$0.10 Per Share
Fun Trading - at Seeking Alpha - Fri Apr 24, 9:08AM CDT
AUY: 3.96 (-0.02)
Mega Precious to be Acquired by Yamana Gold
Marketwired - Fri Apr 24, 5:46AM CDT
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega" or the "Company"
is pleased to announce that it has entered into a definitive agreement (the "Agreement" with Yamana Gold Inc. (TSX: YRI)(NYSE: AUY) ("Yamana" , whereby Yamana will acquire all of the outstanding shares of Mega under a plan of arrangement for consideration of 0.02092 of a Yamana share and cash of C$0.001 per Mega share, equivalent to C$0.10 per Mega share, based on the closing price of Yamana shares on the TSX on April 23, 2015. The total consideration to Mega shareholders is approximately C$17.5 million, based on the Company's issued current and outstanding shares. Yamana has also agreed to purchase the outstanding convertible debentures held by Pacific Road Capital Resources Funds.
YRI.TO: 4.78 (+0.01), MGP.VN: 0.095 (unch), AUY: 3.96 (-0.02)
Mega Increases High Grade Gold and Tungsten Mineralization Within the Monument Bay Proposed Open Pit
Marketwired - Tue Apr 07, 8:22AM CDT
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega" is pleased to announce further Old Core Assay Program ("OCAP" results which continue to define multiple parallel high grade gold and tungsten mineralization located within the proposed open pit at the Monument Bay Project, located in Manitoba.
MGP.VN: 0.095 (unch)
Mega Precious Metals Discovers Extensive Sericite Fuchsite Alteration and Broad Gold Mineralization at Newly Identified Regional Structure
Marketwired - Thu Mar 26, 8:49AM CDT
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega" is pleased to announce that initial exploration drilling on the regional targets has succeeded in identifying a new regional structure called the South Limb Shear Zone (SLSZ). Recent widely spaced drilling has intersected broad areas of alteration with consistent anomalous gold mineralization over a strike length of more than 20 km. The newly discovered SLSZ is 1 km south of and parallel to the Twin Lakes Shear Zone (TLSZ) which hosts more than 2.2 million measured and indicated ounces and 0.9 million inferred ounces of equivalent gold at the Monument Bay Project, located in Manitoba.
MGP.VN: 0.095 (unch)
Mega Precious Metals Commences Winter Drill Program with Two Drill Rigs and Provides an Exploration Update for Monument Bay
Marketwired - Mon Feb 09, 8:27AM CST
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega" is pleased to announce the company has commenced a 5,000 metre winter drill program at the Monument Bay Gold and Tungsten Project located in Manitoba. The company has two drill rigs on the property focusing on resource expansion and new target development building on the success of the 2014 drill results which demonstrated a robust and high-grade gold/tungsten system. This mineralized system continues to have significant potential for resource expansion on strike along the Twin Lakes Shear Trend as well as outlining new mineralized structures such as the South Limb and Altered Island Shear Trends (December 1, 2014).
MGP.VN: 0.095 (unch)
Mega Precious Metals Drills 18 m at 2.6 g/t Gold Including 0.24% Tungsten and 4.5 g/t Gold Over 3 m at Monument Bay
Marketwired - Thu Jan 15, 9:28AM CST
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega" is pleased to announce additional drill results from the 2014 drill and Old Core Assay Program ("OCAP" at the Monument Bay Project, located in Manitoba. The success of the 2014 exploration program continues to confirm and extend the continuity of near surface high grade gold/tungsten structures that have multiple occurrences of visible gold ("VG" . In addition, Mega has defined new mineralized structures and has extended the mineralization below the conceptual open pit (figure 1). The gold and tungsten intercepts announced below focus on the east side of the Twin Lakes deposit. These intercepts have the potential to significantly increase the size and grade of the current mineralized footprint as they are not included in the recently announced resource update (November 21, 2014).
MGP.VN: 0.095 (unch)
Mega Precious Metals Discovers Significant Mineralized Trends at Its Monument Bay Project and Appoints Tim Twomey as VP Exploration
Marketwired - Mon Dec 01, 8:38AM CST
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega" is very pleased to announce that the company continues to develop an updated comprehensive exploration model for the entire 338 km2 Monument Bay Project. This new exploration model includes recent fall drilling results from two wildcat drill holes (TL-14-543 and TL-14-544), the compilation of new magnetic inversions and previous geophysical, geochemical, drilling and channel sampling within the region. This updated model has identified two new structures, the "South Limb Shear Trend" and "Altered Island Shear Trend" both structures are within 2 km south of Twin Lakes Gold Tungsten Deposit. The new structures display compelling geological and geophysical characteristics similar to the main Twin Lakes Shear Trend which hosts multiple gold deposits. (Figures 1 and 2)
MGP.VN: 0.095 (unch)
Mega Precious Metals Files Its Technical Report for the Monument Bay Project Mineral Resource Estimate
Marketwire Canada - Fri Nov 21, 6:05PM CST
Mega Precious Metals Inc. (TSX VENTURE:MGP) ("Mega" or the "Company" is pleased to announce that it has filed a technical report (the "Report" , prepared for the Monument Bay Project in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101" . The Report, dated November 21, 2014, has an effective date of August 12, 2014 and may be found on the Company's website at http://www.megapmi.com or under the Company's profile at www.sedar.com.
MGP.VN: 0.095 (unch)
Pinetree Capital Ltd. Acquires Securities of Mega Precious Metals Inc.
Marketwired - Thu Nov 13, 10:07AM CST
Pinetree Capital Ltd. (TSX: PNP), announces that through a series of transactions that ending on November 12, 2014, it acquired ownership of 470,000 common shares ("Common Shares" of Mega Precious Metals Inc. ("Mega" through the facilities of the TSX Venture Exchange representing approximately 0.3% of the total issued and outstanding common shares of Mega as of November 12, 2014. As a result of this transaction, Pinetree and its joint actors collectively held, as at November 12, 2014, an aggregate of 35,794,795 common shares of Mega, including the Common Shares, and rights to acquire an additional 4,250,000 common shares of Mega upon exercise of certain convertible securities (the "Convertible Securities" . Of these totals, Pinetree owns 23,250,000 common shares, including the Common Shares, and 2,000,000 of the Convertible Securities directly (the "Pinetree Convertible Securities" . In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 40,044,795 common shares of Mega, or approximately 22.6% of all issued and outstanding common shares as at November 12, 2014, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. In the event that the Pinetree Convertible Securities are fully exercised, the direct holdings of Pinetree represents a total of 25,250,000 common shares of Mega, or approximately 14.4% of all issued and outstanding common shares as at November 12, 2014, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
PNP.TO: 0.08 (-0.01)
African Gold Group: Recent Dumping Of Junior Mining Shares By Pinetree Capital Provides A Unique Opportunity
The Critical Investor - at Seeking Alpha - Sat Nov 01, 5:30AM CDT
Mega Precious Metals Reports Updated Mineral Resource Estimate for the Monument Bay Project With a Significant Increase in Grade and Resources
Marketwired - Wed Oct 08, 6:01AM CDT
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega" is pleased to release an updated gold and initial tungsten mineral resource estimate ("resource; "resources"; "estimate" for the Company's 100% owned Monument Bay Project located in northeastern Manitoba. The undiluted and in-situ estimate was completed by WSP utilizing a 3D block model and supported with input from the Company's geological personnel and an extensive external third party peer review by Tim Twomey, P. Geo. Table 1 provides a deposit summary of the resource categorized by pit constrained and underground constrained cut-off grades (COG). For clarity, a reconciliation of changes with respect to the previously released resource estimate (June 17, 2013) is provided in Table 2 and 3. Three potential resource models were created to demonstrate either a higher grade scenario or utilizing larger and deeper potential pit shells that could be considered in a less-constrained capital markets environment are profiled in Table 6.
MGP.VN: 0.095 (unch)
Yamana Gold To Acquire Mega Precious Metal, An Exploration Company For C$0.10 Per Share
Fun Trading - at Seeking Alpha - Fri Apr 24, 9:08AM CDT
AUY: 3.96 (-0.02)
Mega Precious to be Acquired by Yamana Gold
Marketwired - Fri Apr 24, 5:46AM CDT
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega" or the "Company"
is pleased to announce that it has entered into a definitive agreement (the "Agreement" with Yamana Gold Inc. (TSX: YRI)(NYSE: AUY) ("Yamana" , whereby Yamana will acquire all of the outstanding shares of Mega under a plan of arrangement for consideration of 0.02092 of a Yamana share and cash of C$0.001 per Mega share, equivalent to C$0.10 per Mega share, based on the closing price of Yamana shares on the TSX on April 23, 2015. The total consideration to Mega shareholders is approximately C$17.5 million, based on the Company's issued current and outstanding shares. Yamana has also agreed to purchase the outstanding convertible debentures held by Pacific Road Capital Resources Funds. YRI.TO: 4.78 (+0.01), MGP.VN: 0.095 (unch), AUY: 3.96 (-0.02)
Mega Increases High Grade Gold and Tungsten Mineralization Within the Monument Bay Proposed Open Pit
Marketwired - Tue Apr 07, 8:22AM CDT
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega"
is pleased to announce further Old Core Assay Program ("OCAP" results which continue to define multiple parallel high grade gold and tungsten mineralization located within the proposed open pit at the Monument Bay Project, located in Manitoba. MGP.VN: 0.095 (unch)
Mega Precious Metals Discovers Extensive Sericite Fuchsite Alteration and Broad Gold Mineralization at Newly Identified Regional Structure
Marketwired - Thu Mar 26, 8:49AM CDT
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega"
is pleased to announce that initial exploration drilling on the regional targets has succeeded in identifying a new regional structure called the South Limb Shear Zone (SLSZ). Recent widely spaced drilling has intersected broad areas of alteration with consistent anomalous gold mineralization over a strike length of more than 20 km. The newly discovered SLSZ is 1 km south of and parallel to the Twin Lakes Shear Zone (TLSZ) which hosts more than 2.2 million measured and indicated ounces and 0.9 million inferred ounces of equivalent gold at the Monument Bay Project, located in Manitoba. MGP.VN: 0.095 (unch)
Mega Precious Metals Commences Winter Drill Program with Two Drill Rigs and Provides an Exploration Update for Monument Bay
Marketwired - Mon Feb 09, 8:27AM CST
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega"
is pleased to announce the company has commenced a 5,000 metre winter drill program at the Monument Bay Gold and Tungsten Project located in Manitoba. The company has two drill rigs on the property focusing on resource expansion and new target development building on the success of the 2014 drill results which demonstrated a robust and high-grade gold/tungsten system. This mineralized system continues to have significant potential for resource expansion on strike along the Twin Lakes Shear Trend as well as outlining new mineralized structures such as the South Limb and Altered Island Shear Trends (December 1, 2014). MGP.VN: 0.095 (unch)
Mega Precious Metals Drills 18 m at 2.6 g/t Gold Including 0.24% Tungsten and 4.5 g/t Gold Over 3 m at Monument Bay
Marketwired - Thu Jan 15, 9:28AM CST
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega"
is pleased to announce additional drill results from the 2014 drill and Old Core Assay Program ("OCAP" at the Monument Bay Project, located in Manitoba. The success of the 2014 exploration program continues to confirm and extend the continuity of near surface high grade gold/tungsten structures that have multiple occurrences of visible gold ("VG" . In addition, Mega has defined new mineralized structures and has extended the mineralization below the conceptual open pit (figure 1). The gold and tungsten intercepts announced below focus on the east side of the Twin Lakes deposit. These intercepts have the potential to significantly increase the size and grade of the current mineralized footprint as they are not included in the recently announced resource update (November 21, 2014). MGP.VN: 0.095 (unch)
Mega Precious Metals Discovers Significant Mineralized Trends at Its Monument Bay Project and Appoints Tim Twomey as VP Exploration
Marketwired - Mon Dec 01, 8:38AM CST
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega"
is very pleased to announce that the company continues to develop an updated comprehensive exploration model for the entire 338 km2 Monument Bay Project. This new exploration model includes recent fall drilling results from two wildcat drill holes (TL-14-543 and TL-14-544), the compilation of new magnetic inversions and previous geophysical, geochemical, drilling and channel sampling within the region. This updated model has identified two new structures, the "South Limb Shear Trend" and "Altered Island Shear Trend" both structures are within 2 km south of Twin Lakes Gold Tungsten Deposit. The new structures display compelling geological and geophysical characteristics similar to the main Twin Lakes Shear Trend which hosts multiple gold deposits. (Figures 1 and 2) MGP.VN: 0.095 (unch)
Mega Precious Metals Files Its Technical Report for the Monument Bay Project Mineral Resource Estimate
Marketwire Canada - Fri Nov 21, 6:05PM CST
Mega Precious Metals Inc. (TSX VENTURE:MGP) ("Mega" or the "Company"
is pleased to announce that it has filed a technical report (the "Report" , prepared for the Monument Bay Project in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101" . The Report, dated November 21, 2014, has an effective date of August 12, 2014 and may be found on the Company's website at http://www.megapmi.com or under the Company's profile at www.sedar.com. MGP.VN: 0.095 (unch)
Pinetree Capital Ltd. Acquires Securities of Mega Precious Metals Inc.
Marketwired - Thu Nov 13, 10:07AM CST
Pinetree Capital Ltd. (TSX: PNP), announces that through a series of transactions that ending on November 12, 2014, it acquired ownership of 470,000 common shares ("Common Shares"
of Mega Precious Metals Inc. ("Mega" through the facilities of the TSX Venture Exchange representing approximately 0.3% of the total issued and outstanding common shares of Mega as of November 12, 2014. As a result of this transaction, Pinetree and its joint actors collectively held, as at November 12, 2014, an aggregate of 35,794,795 common shares of Mega, including the Common Shares, and rights to acquire an additional 4,250,000 common shares of Mega upon exercise of certain convertible securities (the "Convertible Securities" . Of these totals, Pinetree owns 23,250,000 common shares, including the Common Shares, and 2,000,000 of the Convertible Securities directly (the "Pinetree Convertible Securities" . In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 40,044,795 common shares of Mega, or approximately 22.6% of all issued and outstanding common shares as at November 12, 2014, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. In the event that the Pinetree Convertible Securities are fully exercised, the direct holdings of Pinetree represents a total of 25,250,000 common shares of Mega, or approximately 14.4% of all issued and outstanding common shares as at November 12, 2014, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. PNP.TO: 0.08 (-0.01)
African Gold Group: Recent Dumping Of Junior Mining Shares By Pinetree Capital Provides A Unique Opportunity
The Critical Investor - at Seeking Alpha - Sat Nov 01, 5:30AM CDT
Mega Precious Metals Reports Updated Mineral Resource Estimate for the Monument Bay Project With a Significant Increase in Grade and Resources
Marketwired - Wed Oct 08, 6:01AM CDT
Mega Precious Metals Inc. (TSX VENTURE: MGP) ("Mega"
is pleased to release an updated gold and initial tungsten mineral resource estimate ("resource; "resources"; "estimate" for the Company's 100% owned Monument Bay Project located in northeastern Manitoba. The undiluted and in-situ estimate was completed by WSP utilizing a 3D block model and supported with input from the Company's geological personnel and an extensive external third party peer review by Tim Twomey, P. Geo. Table 1 provides a deposit summary of the resource categorized by pit constrained and underground constrained cut-off grades (COG). For clarity, a reconciliation of changes with respect to the previously released resource estimate (June 17, 2013) is provided in Table 2 and 3. Three potential resource models were created to demonstrate either a higher grade scenario or utilizing larger and deeper potential pit shells that could be considered in a less-constrained capital markets environment are profiled in Table 6. MGP.VN: 0.095 (unch)
