Sunridge Gold Cp (SGCNF) 0.1450 $SGCNF
Sunridge Provides Update on the Mining License for the Asmara Project, Eritrea
Filing Services Canada - Fri Jun 26, 6:04AM CDT
Sunridge Provides Update on the Mining License for the Asmara Project, Eritrea Vancouver, British Columbia (FSCwire) - Sunridge Gold Corp. (the Company or Sunridge) (SGC: TSX.V/SGCNF: OTCQX) is pleased to provide an update on the permitting process for the Asmara copper/zinc/gold/silver project in Eritrea. The Asmara Project is held by the Asmara Mining Share Company (AMSC) a joint-venture company of which Sunridge owns 60% and the Eritrean National Mining Corporation (ENAMCO) owns 40%. The Asmara Project comprises six defined deposits, four of which are the subject of a feasibility study completed in May 2013 and are currently in the permitting process. As part of the final steps in the permitting process, AMSC is presently in discussions on the detailed terms of the Mining Agreement with the Ministry of Energy and Mines (MEM). This agreement covers every aspect of the planned mining operations on the Asmara Project over the 20 year term of the Mining License including the timing of the start of development and commercial production, design capacity and production amounts, reporting requirements, royalty calculations, the use of expatriate employees, contractors and sub-contractors, financing and fiscal arrangements, safety issues, community relations, as well as reclamation and closure plans. Once these terms are agreed to then AMSC and the MEM will execute the Mining Agreement and MEM will be able to issue a Mining License to AMSC. Sunridge is confident that the Mining License will be issued in the near future which will allow AMSC to raise the capital to fund the development of Phase 1A, which is the mining and shipping of the high-grade copper direct shipping ore on the Debarwa deposit. In addition, the MEM has recently notified AMSC of the renewal of the three exploration licenses that make up the Asmara Project until May 2016. About Sunridge: Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea. Sunridge currently has approximately 210 million shares outstanding and trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please view the slide show on our website at www.sunridgegold.com or call Greg Davis at the number listed below. To view this table, please either click on the link below, or copy and paste the link into your browser: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements that are based on the Companys current expectations and estimates. Forward-looking statements are frequently characterized by words such as plan, expect, project, intend, believe, anticipate, estimate, suggest, indicate and other similar words or statements that certain events or conditions may or will occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements.Forward looking statements may include the timing and success of any application for a mining license, permitting or of debt financing. Risk and uncertain factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, a mining license, or debt financing, uncertainties in negotiating commercial arrangements with government entities; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...262015.pdf Source: Sunridge Gold Corp. (TSX Venture:SGC) http://www.sunridgegold.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
SGC.VN: 0.180 (+0.005)
Sunridge Gold - Stand-by Letter of Credit Posted
Filing Services Canada - Wed Jun 17, 6:00PM CDT
Sunridge Gold Stand-by Letter of Credit Posted Vancouver, British Columbia (FSCwire) - Sunridge Gold Corp. (the Company or Sunridge) (SGC: TSX.V/SGCNF: OTCQX) reports that an irrevocable standby letter of credit (the LC) in the amount of $2.2 million has been posted on the Companys behalf in trust for Delizia Limited (Delizia) (see below). The Company arranged a credit facility (the Facility) with an arms length party to post the LC on Sunridges behalf for a one year period for a fee equal to 9% per annum calculated on the face amount of the LC for the period it is outstanding. As security for the LC, Sunridge has pledged the shares of its 100% ownership of the Barbados subsidiary that indirectly owns the Companys 60% interest in the Asmara Project. On July 31, 2013, the Company, was issued a provisional order of garnishment by a Prothonotary of the Federal Court of Canada ordering that any debts owing or accruing from the Company to the State of Eritrea be paid into Court to answer the foreign arbitration judgment awarded to Delizia Limited (Delizia) against the State of Eritrea in the amount of US$4,371,618. The arbitration award was based on a contract made over 10 years ago between Delizia and the State of Eritrea for the sale of equipment for which full payment was allegedly not received. The debt does not arise from any conduct or activities of the Company. The garnishment order was issued pursuant to international treaties for the enforcement of arbitral awards. In response to a motion by Delizia to have the provisional order of garnishment converted into a final order of garnishment (FOG), on January 9, 2015, the Company was delivered a FOG ordering it to attach all debts owing and accruing from the Company to the State of Eritrea and to pay to the Court, for the benefit of Delizia, US$4,371,618. The Company has negotiated a stay of the FOG based on the LC, and has appealed the decision to issue the FOG to the trial division of the Federal Court of Canada. The appeal is expected to be heard later this year. Based on its assessment of the appeal, the Company has not recorded any amounts in the consolidated financial statements as at March 31, 2015. The Company does not consider it probable that an outflow of resources will be required to settle the garnishment order. About Sunridge: Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea. Sunridge currently has approximately 210 million shares outstanding and trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please view the slide show on our website at www.sunridgegold.com or call Greg Davis at the number listed below. To view this table, please either click on the link below, or copy and paste the link into your browser: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements that are based on the Companys current expectations and estimates. Forward-looking statements are frequently characterized by words such as plan, expect, project, intend, believe, anticipate, estimate, suggest, indicate and other similar words or statements that certain events or conditions may or will occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements.Forward looking statements may include the timing and success of any application for a mining license, permitting or of debt financing or resolution of garnishment order proceedings. Risk and uncertain factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, a mining license, or debt financing, uncertainties in negotiating commercial arrangements with government entities; fluctuations in metal prices and uncertainties involved in litigation matters. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...172015.pdf Source: Sunridge Gold Corp. (TSX Venture:SGC) http://www.sunridgegold.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
SGC.VN: 0.180 (+0.005)
Sunridge Gold – Stand-by Letter of Credit Posted
Filing Services Canada XHTML - Wed Jun 17, 6:00PM CDT
SGC.VN: 0.180 (+0.005)
Sunridge Provides Update on the Asmara Project, Eritrea
Filing Services Canada XHTML - Wed Apr 15, 6:02AM CDT
SGC.VN: 0.180 (+0.005)
Sunridge Gold Looking Attractive Now, But Market Disagrees
Itinerant - at Seeking Alpha - Thu Feb 12, 10:30AM CST
Sunridge Gold Issues Update on Company and Planned Activities in Eritrea - Video News Alert on InvestmentPitch.com
Newsfile Corp - Thu Feb 05, 11:26AM CST
full story)
SGC.VN: 0.180 (+0.005)
Sunridge Announces Us$32 Million 2015 Budget & Program for Asmara Project, Eritrea
Filing Services Canada XHTML - Tue Feb 03, 6:02AM CST
SGC.VN: 0.180 (+0.005)
Field Work Underway on the Asmara Project, Eritrea
Filing Services Canada XHTML - Wed Nov 05, 6:03AM CST
SGC.VN: 0.180 (+0.005)
Sunridge Announces the Formation of the Asmara Mining Share Company
Filing Services Canada XHTML - Thu Oct 09, 6:00AM CDT
SGC.VN: 0.180 (+0.005)
Sunridge Gold Corp Retains Renmark for Investor Relations Services
Business Wire - Thu Aug 28, 6:00AM CDT
Sunridge Gold Corp. (the "Company" or "Sunridge"
(SGC: TSX.V/SGCNF: OTCQX) announces that it has retained the services of Renmark Financial Communications Inc. ("Renmark" to assist with the Company's investor relations programs.
SGC.VN: 0.180 (+0.005)
Sunridge Gold on Track to Start Production in 2015 on the Asmara Project, Eritrea
Business Wire - Thu Jul 17, 6:00AM CDT
Sunridge Gold Corp. (the "Company" or "Sunridge" (SGC: TSX.V/SGCNF: OTCQX) is pleased to report that the recent signing of the shareholder agreement with the Eritrean National Mining Corporation ("ENAMCO" (see June 27, 2014 news release) has accelerated activities on the Asmara copper-zinc-gold project (the "Asmara Project" so that subject to permitting and funding the Asmara Project is on track to commence production in 2015. The Asmara Project is to be held and operated by the Asmara Mining Share Company ("AMSCo" and will be owned 60% by Sunridge, 40% by ENAMCO.
SGC.VN: 0.180 (+0.005)
Sunridge Provides Update on the Mining License for the Asmara Project, Eritrea
Filing Services Canada - Fri Jun 26, 6:04AM CDT
Sunridge Provides Update on the Mining License for the Asmara Project, Eritrea Vancouver, British Columbia (FSCwire) - Sunridge Gold Corp. (the Company or Sunridge) (SGC: TSX.V/SGCNF: OTCQX) is pleased to provide an update on the permitting process for the Asmara copper/zinc/gold/silver project in Eritrea. The Asmara Project is held by the Asmara Mining Share Company (AMSC) a joint-venture company of which Sunridge owns 60% and the Eritrean National Mining Corporation (ENAMCO) owns 40%. The Asmara Project comprises six defined deposits, four of which are the subject of a feasibility study completed in May 2013 and are currently in the permitting process. As part of the final steps in the permitting process, AMSC is presently in discussions on the detailed terms of the Mining Agreement with the Ministry of Energy and Mines (MEM). This agreement covers every aspect of the planned mining operations on the Asmara Project over the 20 year term of the Mining License including the timing of the start of development and commercial production, design capacity and production amounts, reporting requirements, royalty calculations, the use of expatriate employees, contractors and sub-contractors, financing and fiscal arrangements, safety issues, community relations, as well as reclamation and closure plans. Once these terms are agreed to then AMSC and the MEM will execute the Mining Agreement and MEM will be able to issue a Mining License to AMSC. Sunridge is confident that the Mining License will be issued in the near future which will allow AMSC to raise the capital to fund the development of Phase 1A, which is the mining and shipping of the high-grade copper direct shipping ore on the Debarwa deposit. In addition, the MEM has recently notified AMSC of the renewal of the three exploration licenses that make up the Asmara Project until May 2016. About Sunridge: Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea. Sunridge currently has approximately 210 million shares outstanding and trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please view the slide show on our website at www.sunridgegold.com or call Greg Davis at the number listed below. To view this table, please either click on the link below, or copy and paste the link into your browser: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements that are based on the Companys current expectations and estimates. Forward-looking statements are frequently characterized by words such as plan, expect, project, intend, believe, anticipate, estimate, suggest, indicate and other similar words or statements that certain events or conditions may or will occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements.Forward looking statements may include the timing and success of any application for a mining license, permitting or of debt financing. Risk and uncertain factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, a mining license, or debt financing, uncertainties in negotiating commercial arrangements with government entities; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...262015.pdf Source: Sunridge Gold Corp. (TSX Venture:SGC) http://www.sunridgegold.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
SGC.VN: 0.180 (+0.005)
Sunridge Gold - Stand-by Letter of Credit Posted
Filing Services Canada - Wed Jun 17, 6:00PM CDT
Sunridge Gold Stand-by Letter of Credit Posted Vancouver, British Columbia (FSCwire) - Sunridge Gold Corp. (the Company or Sunridge) (SGC: TSX.V/SGCNF: OTCQX) reports that an irrevocable standby letter of credit (the LC) in the amount of $2.2 million has been posted on the Companys behalf in trust for Delizia Limited (Delizia) (see below). The Company arranged a credit facility (the Facility) with an arms length party to post the LC on Sunridges behalf for a one year period for a fee equal to 9% per annum calculated on the face amount of the LC for the period it is outstanding. As security for the LC, Sunridge has pledged the shares of its 100% ownership of the Barbados subsidiary that indirectly owns the Companys 60% interest in the Asmara Project. On July 31, 2013, the Company, was issued a provisional order of garnishment by a Prothonotary of the Federal Court of Canada ordering that any debts owing or accruing from the Company to the State of Eritrea be paid into Court to answer the foreign arbitration judgment awarded to Delizia Limited (Delizia) against the State of Eritrea in the amount of US$4,371,618. The arbitration award was based on a contract made over 10 years ago between Delizia and the State of Eritrea for the sale of equipment for which full payment was allegedly not received. The debt does not arise from any conduct or activities of the Company. The garnishment order was issued pursuant to international treaties for the enforcement of arbitral awards. In response to a motion by Delizia to have the provisional order of garnishment converted into a final order of garnishment (FOG), on January 9, 2015, the Company was delivered a FOG ordering it to attach all debts owing and accruing from the Company to the State of Eritrea and to pay to the Court, for the benefit of Delizia, US$4,371,618. The Company has negotiated a stay of the FOG based on the LC, and has appealed the decision to issue the FOG to the trial division of the Federal Court of Canada. The appeal is expected to be heard later this year. Based on its assessment of the appeal, the Company has not recorded any amounts in the consolidated financial statements as at March 31, 2015. The Company does not consider it probable that an outflow of resources will be required to settle the garnishment order. About Sunridge: Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea. Sunridge currently has approximately 210 million shares outstanding and trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please view the slide show on our website at www.sunridgegold.com or call Greg Davis at the number listed below. To view this table, please either click on the link below, or copy and paste the link into your browser: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements that are based on the Companys current expectations and estimates. Forward-looking statements are frequently characterized by words such as plan, expect, project, intend, believe, anticipate, estimate, suggest, indicate and other similar words or statements that certain events or conditions may or will occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements.Forward looking statements may include the timing and success of any application for a mining license, permitting or of debt financing or resolution of garnishment order proceedings. Risk and uncertain factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, a mining license, or debt financing, uncertainties in negotiating commercial arrangements with government entities; fluctuations in metal prices and uncertainties involved in litigation matters. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...172015.pdf Source: Sunridge Gold Corp. (TSX Venture:SGC) http://www.sunridgegold.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
SGC.VN: 0.180 (+0.005)
Sunridge Gold – Stand-by Letter of Credit Posted
Filing Services Canada XHTML - Wed Jun 17, 6:00PM CDT
SGC.VN: 0.180 (+0.005)
Sunridge Provides Update on the Asmara Project, Eritrea
Filing Services Canada XHTML - Wed Apr 15, 6:02AM CDT
SGC.VN: 0.180 (+0.005)
Sunridge Gold Looking Attractive Now, But Market Disagrees
Itinerant - at Seeking Alpha - Thu Feb 12, 10:30AM CST
Sunridge Gold Issues Update on Company and Planned Activities in Eritrea - Video News Alert on InvestmentPitch.com
Newsfile Corp - Thu Feb 05, 11:26AM CST
full story)
SGC.VN: 0.180 (+0.005)
Sunridge Announces Us$32 Million 2015 Budget & Program for Asmara Project, Eritrea
Filing Services Canada XHTML - Tue Feb 03, 6:02AM CST
SGC.VN: 0.180 (+0.005)
Field Work Underway on the Asmara Project, Eritrea
Filing Services Canada XHTML - Wed Nov 05, 6:03AM CST
SGC.VN: 0.180 (+0.005)
Sunridge Announces the Formation of the Asmara Mining Share Company
Filing Services Canada XHTML - Thu Oct 09, 6:00AM CDT
SGC.VN: 0.180 (+0.005)
Sunridge Gold Corp Retains Renmark for Investor Relations Services
Business Wire - Thu Aug 28, 6:00AM CDT
Sunridge Gold Corp. (the "Company" or "Sunridge"
(SGC: TSX.V/SGCNF: OTCQX) announces that it has retained the services of Renmark Financial Communications Inc. ("Renmark" to assist with the Company's investor relations programs. SGC.VN: 0.180 (+0.005)
Sunridge Gold on Track to Start Production in 2015 on the Asmara Project, Eritrea
Business Wire - Thu Jul 17, 6:00AM CDT
Sunridge Gold Corp. (the "Company" or "Sunridge"
(SGC: TSX.V/SGCNF: OTCQX) is pleased to report that the recent signing of the shareholder agreement with the Eritrean National Mining Corporation ("ENAMCO" (see June 27, 2014 news release) has accelerated activities on the Asmara copper-zinc-gold project (the "Asmara Project" so that subject to permitting and funding the Asmara Project is on track to commence production in 2015. The Asmara Project is to be held and operated by the Asmara Mining Share Company ("AMSCo" and will be owned 60% by Sunridge, 40% by ENAMCO. SGC.VN: 0.180 (+0.005)
