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Vancouver, British Columbia (Newsfile Corp. - January 22, 2021) -
Black Mountain Gold USA Corp. (TSXV: BMG) ( BMG or the Company ) announced on January 19, 2021 that it was engaging in a non-brokered private placement (the Private Placement ) of 10,000,000 units at a price of CDN $0.40 per unit, for gross proceeds of CDN $4,000,000.
As a result of strong investor interest, the Company is increasing the Private Placement to 12,500,000 units at a price of CDN $ 0.40 per unit for proceeds of up to CDN $5,000,000.
The other terms and conditions of the Private Placement remain the same. Each unit will consist of one common share and one-half share purchase warrant, each whole share purchase warrant being exercisable for a period of two years at a price of CDN $0.60 per share. The warrants will also be subject to an accelerated expiry in the event the common shares of the company trade on the exchange at a price of CDN $1.00 or higher for 10 consecutive trading days. The priva
Black Mountain Gold USA Corp. Appoints New Director and Officers
Black Mountain Gold USA Corp. (
TSXV:
BMG) ( BMG or the Company ) is pleased to announce the appointments of Mr. Luke Norman as a Director of the Company, Max Missiouk as Chief Financial Officer and Brian Morrison as Corporate Secretary.
Mr. Norman is a seasoned growth executive with 20 years of experience in the venture capital markets. He has raised in excess of $300M for both public and private companies predominantly in the resource sector. In recent years, Mr. Norman has operated a consultancy company to the metals and mining industry. He also co-founded Gold Standard Ventures Corp., a TSX-V and NYSE Market listed gold exploration company and US Gold Corp., listed on the Nasdaq exchange. He is the Chairman of Silver One Resources, a silver pre-development and exploration company, listed on the TSX-V and was recently appointed President and CEO of Leviathan Gold Ltd. Mr. Norman brings expertise in mineral exp
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Vancouver, British Columbia (Newsfile Corp. - December 16, 2020) - Black Mountain Gold USA Corp. (TSXV: BMG) ( BMG or the Company ) is pleased to announce the completion of airborne magnetic (MAG) and radiometric (RAD) geophysical surveys on its Mohave Gold Project in Arizona. The survey was completed by Precision GeoSurveys Inc. ( Precision ) of Langley, B.C. utilizing helicopter-borne survey equipment over a grid covering the entire Mohave Gold Project (approx. 12 km
2) with line spacings of 50m. In addition, the Company is pleased to provide an update on current activities on the project and planned work programs for 2021.
Graham Harris, CEO and Director, commented, At BMG we are excited to have initiated our exploration programs at the Mohave Gold Project and continue with EPO permitting initiated by M3 Metals Corp. ( M3 Metals ). The geophysical survey data will feed into our ongoing data compilation incorporating over 500 historic drillholes on the property, geol