Ryan Gold Corp

Published : August 25th, 2015

Oban Completes Acquisitions Of Eagle Hill, Ryan Gold And Corona Gold; Closes Private Placement With Osisko Gold; Consolidates Shares

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Gold |

Oban Completes Acquisitions Of Eagle Hill, Ryan Gold And Corona Gold; Closes Private Placement With Osisko Gold; Consolidates Shares

Oban Completes Acquisitions Of Eagle Hill, Ryan Gold And Corona Gold; Closes Private Placement With Osisko Gold; Consolidates Shares



Toronto, Ontario (August 25, 2015) - Oban Mining Corporation (TSX:OBM) ("Oban"), Eagle Hill Exploration Corporation (TSX-V: EAG) ("Eagle Hill"), Ryan Gold Corp. (TSX-V: RYG) ("Ryan Gold") and Corona Gold Corporation (CNX: CRG) ("Corona" and, together with Oban, Eagle Hill and Ryan, the "Parties") are pleased to announce the successful completion of their previously announced business combination, pursuant to which Oban has acquired all of the common shares of each of Eagle Hill, Ryan Gold and Corona by way of a court approved plan of arrangement (the "Arrangement").

In addition, the previously announced private placement of common shares of Oban ("Oban Shares") to Osisko Gold Royalties Ltd ("Osisko") has closed today, pursuant to which Osisko subscribed for 161,750,984 Oban Shares at a price of $0.11 per share for an aggregate subscription price of approximately $17.8 million (the "Osisko Private Placement"). After giving effect to the Osisko Private Placement, Osisko holds approximately 19.9% of the outstanding Oban Shares on a non-diluted basis.

Following the closing of the Arrangement and the Osisko Private Placement, the Oban Shares were consolidated on the basis of one post-consolidation Oban Share for each 20 pre-consolidation Oban Shares (the "Consolidation").

With the Arrangement now complete, shares of Eagle Hill and Ryan Gold are anticipated to be delisted from the TSX Venture Exchange and Corona is anticipated to be delisted from the Canadian Securities Exchange on or about August 26, 2015.

For additional information concerning the Arrangement, the Osisko Private Placement and the Consolidation, please refer to the management information circulars of the Parties, each of which is dated July 20, 2015 and available under the applicable Party's issuer profile on SEDAR at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Oban Mining Corporation

Oban is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Oban holds an option to acquire from Northstar Gold Corp. up to a 70% interest in the Miller Project in northern Ontario pursuant to an option agreement with Northstar Gold Corp. Oban also holds a 100% interest in the Roach Property in northern Ontario and has a 100% undivided interest in a large area of claims in the Urban Barry area of Québec, along with options with other third parties to acquire a 100% undivided interest in the Côté Property, the Golden Dawn Project, the Hunter Property and other properties in the vicinity. Oban has additionally acquired, pursuant to the Arrangement, the high-grade Windfall Lake gold deposit located between Val-d'Or and Chibougamau in Québec, Canada. Oban is well financed with approximately $63 million in cash, cash equivalents and marketable securities.

For further information please contact:

John Burzynski
Tel: (416) 848-9504

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Ryan Gold Corp

CODE : RYG.V
ISIN : CA7834891078
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Ryan Gold Corp is a gold exploration company based in Canada.

Ryan Gold Corp is listed in Canada. Its market capitalisation is CA$ 13.5 millions as of today (US$ 10.1 millions, € 8.9 millions).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.07, and its highest recent level on November 26, 2010 at CA$ 3.64.

Ryan Gold Corp has 117 140 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Ryan Gold Corp
5/12/2011Announces Closing of C$52,275,000 Financing
4/28/2011Announces Increase in Size of Private Placement to $42,275,0...
Nominations of Ryan Gold Corp
12/12/2012. Announces Change of Officer
5/11/2011Appoints Shawn Ryan as President
Project news of Ryan Gold Corp
6/30/2015Oban Mining Corporation enters into Arrangement Agreements i...
6/30/2015Oban Mining Corporation enters into Arrangement Agreements i...
6/30/2015Oban Mining Corporation enters into Arrangement Agreements i...
6/30/2015Oban Mining Corporation enters into Arrangement Agreements i...
6/30/2015Oban Mining Corporation enters into Arrangement Agreements i...
6/30/2015Oban Mining Corporation enters into Arrangement Agreements i...
Corporate news of Ryan Gold Corp
8/25/2015Oban Completes Acquisitions Of Eagle Hill, Ryan Gold And Cor...
8/21/2015Eagle Hill, Oban, Ryan and Corona Business Combination Recei...
8/21/2015Oban, Eagle Hill, Ryan and Corona Business Combination Recei...
8/21/2015Oban, Eagle Hill, Ryan and Corona Business Combination Recei...
8/20/2015Eagle Hill, Oban, Ryan and Corona Business Combination Recei...
8/20/2015Oban, Eagle Hill, Ryan and Corona Business Combination Recei...
8/11/2015Glass Lewis and ISS Recommend that Eagle Hill, Oban, Ryan an...
8/10/2015Glass Lewis and ISS Recommend that Oban, Eagle Hill, Ryan an...
7/29/2015Eagle Hill Exploration, Oban Mining, Ryan Gold, and Corona G...
7/5/2013. Announces Exercise of Carlisle Put Right
6/4/2013. Announces Exercise of Castillian Put Right
5/9/2013Adopts Advance Notice By-Law and Terminates Option on Flume ...
3/15/2013Announces Final 2012 Exploration Results and 2013 Exploratio...
2/6/2013. Announces Acquisition of Property Interests
11/9/2012Announces Third Quarter Non-Cash Impairment in Carrying Valu...
11/9/2012Announces Third Quarter Non-Cash Impairment in Carrying Valu...
11/6/2012Announces Drill Results on Flume Property
11/1/2012. and Carlisle Goldfields Limited Announce Closing of $1,000...
11/1/2012. Finalizes Option Agreement With Castillian Resources
10/31/2012Intersects More Gold Mineralisation, Including 18.78 m at 2....
10/26/2012. and Carlisle Goldfields Limited Announce Execution of Opti...
10/24/2012CORRECTION FROM SOURCE/Ryan Gold Corp. Clarifies Terms of Op...
10/24/2012. Announces Option Agreement With Castillian Resources Corp.
9/11/2012Intersects Significant Gold Mineralisation, Including 50.72 ...
4/27/2011Announces $40 Million Private Placement
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (RYG.V)
0.115-4.17%
TSX-V
CA$ 0.115
08/26 15:59 -
-4.17%
Prev close Open
0.120 0.115
Low High
0.115 0.120
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.115 -4.17%
Volume 1 month var.
879,110 -4.17%
24hGold TrendPower© : 20
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.08+0.50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+0.17%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.