cse bulletin

CSE Bulletin: Consolidation – Sentinel Resources Corp.

Le 27 maiMay 2021) Sentinel Resources Corp. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every three (3) pre-consolidation common shares.

As a result, the outstanding shares of the company will be reduced to approximately 9,358,421 common shares.

The name and symbol will not change.

Please note that all open orders will be cancelled at the close of business on May 28, 2021. Dealers are reminded to re-enter their orders taking into account the share consolidation.

_________________________________

Sentinel Resources Corp. a annoncé un regroupement de ses actions ordinaires émises et en circulation sur la base d’une (1) action ordinaire post-consolidation pour trois (3) actions ordinaires pré-consolidation.

Par conséquent, les actions en circulation de la société seront réduites à environ 9 358 421 actions ordinaires.

Le nom et le symbole ne changeront pas.

Veuillez noter que toutes les commandes ouvertes seront annulées à la fermeture des bureaux le 28 mai 2021. Il est rappelé aux concessionnaires de ressaisir leurs commandes en tenant compte de la consolidation des actions.

Trading on a Consolidated Basis/Négociation sur une base consolidée: le 31 mai/May 2021
Record Date/Date d’enregistrement: le 1 juin/June 2021
Symbol/Symbole: SNL
NEW/NOUVEAU CUSIP: 81729D200
NEW/NOUVEAU ISIN: CA81729D2005
Old/Vieux CUSIP & ISIN: 81729D101/CA81729D1015

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question ou information complémentaire, veuillez contacter Listings au 416 367-7340 ou par courriel à: Listings@thecse.com

News Provided by Newsfile via QuoteMedia

SNL:CNX
The Conversation (0)
CSE:SNL

Sentinel Resources Announces DTC Eligibility and Private Placement Financing of $1,000,000

Sentinel Resources Corp. (CSE: SNL) (OTC-PINK: SNLRF) ("Sentinel" or the "Company ") is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States . DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible". DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company's common shares in the United States .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
CSE:SNL

Sentinel Resources Acquires Salama Gold Project, Peru

Sentinel Resources Corp. (CSE: SNL) (US OTCPINK: SNLRF) ("Sentinel" or the "Company ") is pleased to announce that it has acquired the Salama Gold Project, consisting of four gold focused mining concessions totaling approximately 2,700 hectares, located in western Peru .

Sentinel's Salama Gold Project situated within Peru's prolific gold-polymetallic Miocene skarn and porphyry belt (CNW Group/Sentinel Resources Corp.)

Highlights of Acquisition:

  • Potential for high and low sulfidation epithermal gold mineralization and breccia pipe stock-work style gold-silver deposits.
  • Situated within the prolific gold-polymetallic Miocene skarn and porphyry belt — one of several coast-parallel metallogenic belts that host the larger and more significant deposits of Peru ( map link here ). This includes Lagunas Norte Gold Mine, Rasario De Belen Gold Mine , La Arena Gold Mine and La Virgen Mine, that together host over 20 Moz gold within a 45 km radius of the Salama Concessions.
  • Highly experienced national and expatriate exploration team capable of carrying out exploration work on Salama Gold Project immediately.
  • First reconnaissance visit planned for the week of 14 th October 2020 . First pass mapping and sampling will concentrate on areas of alteration hosting quartz veins and silicified breccias. Previous work by artisanal and small-scale miners provides additional vectors to areas of higher-grade mineralization.

Rob Gamley , President & CEO of Sentinel states, "The acquisition of four prospective gold concessions in this historical gold-silver producing region in Peru shows the ability of our exploration team to identify and acquire key gold assets notwithstanding current administrative challenges in Peru . With the skill and local knowledge of our in-country team, we are well placed to quickly build a robust portfolio of gold focused assets in this region of Peru ."

About Salama Gold Project

The Salama Gold Project consists of four gold focused exploration concessions totaling 2,700 hectares in the Anta province of Peru . Preliminary review indicates extensive areas of quartz veins with localized silicified breccias, that have been the focus of historic production by artisanal and small-scale miners. These miners targeted high grade areas where oxidation of bedrock resulted in formation of free gold amenable to gravity recovery.

Preliminary review of regional satellite imagery indicates that two major structures intersect in the northeast of the concession, in a similar geological setting to La Virgin gold mine 20 km to the north. Historic production at La Virgin was reported as 120,000 oz Au/annum.

Sentinel's field team will initially comprise three in-country geologists, allowing for rapid first pass reconnaissance and rock-chip grab sampling. The field team has robust project review and target generation experience, especially with respect to Peruvian low and high sulphidation epithermal deposits, such as Lagunas Norte, La Arena and Rosario De Belen . This will allow mineralization at Salama to be placed within the wider context of an epithermal deposits geological, structural and hydrothermal evolution, and thus allow key controls on mineralization and high value targets to be rapidly established. Sentinel will submit samples to ALS Lima for preparation and analysis.

Terms of Transaction

Sentinel entered into an assignment agreement (the "Assignment Agreement") with a third party (the "Assignor") whereby it assumed all of the right, title and interest in and to a purchase agreement (the "Purchase Agreement") with the holders of the Salama Gold Project.

Under the terms of the various agreements, Sentinel acquired a 100% interest in the Salama Gold Project, royalty free, and, in consideration of which, Sentinel paid US $35,000 and issued a total of 2,100,000 common shares. The shares issued are subject to restrictions on resale for a period of four months from the date of issued.

Stock Option Grant

Sentinel has also granted options to purchase 250,000 shares of Sentinel to its directors, officers and consultants. The options are exercisable at $0.67 per share for a period of five years from the date of grant.

Qualified Person

Christopher Wilson , Ph.D., FAusIMM (CP), FSEG, a Qualified Person, has reviewed and approved the scientific and technical information contained in this news release.

About Sentinel Resources

Sentinel Resources is a Canadian-based exploration company focused on the acquisition and exploration of gold and silver projects with world-class potential. Its current portfolio includes the Waterloo, Pass, and Little Bear projects in British Columbia and the Salama Gold Project in Peru . The Company's guiding principles are based on acquiring strategic exploration properties in mining-friendly jurisdictions with historical mining industries, low-cost of entry or acquisition, and easy access to infrastructure to minimize capital and operational costs in explorational periods. For more information, please go to the Company's website at www.sentinelexp.com .

Sentinel Resources Corp.

"Rob Gamley"
President and Chief Executive Officer

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Sentinel cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Sentinel's limited operating history, its proposed exploration and development activities on is mineral properties and the need to comply with environmental and governmental regulations.  Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Sentinel does not undertake to publicly update or revise forward-looking information.

Neither the Canadian Securities Exchange ("CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Sentinel Resources Corp.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Many Peaks Minerals Ltd (ASX: MPK) – Trading Halt

Many Peaks Minerals Ltd (ASX: MPK) – Trading Halt

Description

The securities of Many Peaks Minerals Ltd (‘MPK’) will be placed in trading halt at the request of MPK, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 3 April 2024 or when the announcement is released to the market.

Keep reading...Show less
A small golden bull statue on top of US money.

Goldman Sachs Bullish on Commodities, Shares 2024 Price Calls for Gold and Copper

Goldman Sachs (NYSE:GS) is maintaining its bullish stance on commodities as they continue to enjoy strong cyclical and structural support, and as the US and Europe move closer to cutting interest rates.

The American investment bank said it sees raw materials potentially returning 15 percent in 2024.

“We find that US rate cuts in non-recessionary environments lead to higher commodity prices, with the biggest boost to metals (copper and gold in particular), followed by crude oil,” Bloomberg quotes analysts Samantha Dart and Daan Struyven as saying in a note this past Sunday (March 24). “Importantly, the positive impact on prices tends to increase with time, as the growth impulse from looser financial conditions filters through.”

Keep reading...Show less
Top 5 ASX Gold Stocks That Pay Dividends (Updated 2024)

Top 5 ASX Gold Stocks That Pay Dividends (Updated 2024)

If you're interested in gold stocks, it's worth taking a look at the top ASX gold stocks that pay dividends.

A dividend is a sum of money that is paid regularly by a company to a class of its shareholders out of its earnings. Dividends are often issued as cash payments, but can also be issued as stock or other property.

Read on for a deeper look at gold dividend stocks and a breakdown of the top five dividend-paying ASX gold stocks.

Keep reading...Show less
Falco Resources Ltd. (TSX.V: FPC)

Falco Reaches Another Major Milestone and Confirms Admissibility of Its Horne 5 Project’s Environmental Impact Assessment

Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the “Corporation”) is pleased to announce the receipt of confirmation of the admissibility of its Environmental Impact Assessment (“EIA”) for the Horne 5 Project located in Rouyn-Noranda (the “Admissibility”) from the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks (“MEFCCWP”).

Since the initial EIA filing in 2018, Falco has completed extensive field work and studies, in addition to providing the documentation in order to respond to questions and requests for information raised by the MEFCCWP. Driven by ESG principles, the EIA was conducted by a multidisciplinary team comprised of Falco’s employees, experts and partners, and highlights the Horne 5 Project’s benefits and impacts on its physical, biological and human environments. The EIA includes various measures to avoid, mitigate or compensate for these impacts, and to enhance the project’s overall benefits, in a strong corporate governance environment. The EIA and all related documentation are publicly available on the Environmental Assessment Register of the MEFCCWP.

Keep reading...Show less
R3D Resources

$1.5 Million in Firm Commitments Received for Capital Raisings

$0.5 million partial underwrite of the Rights Issue & $1.0 million in further debt or equity to be raised by end April 2024

R3D Resources Limited (ASX: R3D) (the Company) (renamed Tartana Minerals Limited) is pleased to provide an update on the 1 for 5 pro rata entitlement offer of New Shares in the Company at an issue price of $0.05 per New Share, as well as 1 attaching Option exercisable at $0.10 expiring 31 December 2025 for each 2 New Shares subscribed for (the Rights Issue) which opened in November 2023.

Keep reading...Show less
Brightstar Resources

Successful Completion of A$12 Million Share Placement

Brightstar Resources Limited (Brightstar or the Company) (ASX: BTR) is pleased to report that it has received firm commitments for a placement of new fully paid ordinary shares in the Company (Shares) at A$0.014 per Share to raise A$12 million (before costs) (Placement).

Keep reading...Show less

Latest Press Releases

Related News

×