| | Published : July 22nd, 2015 | TerraX commences summer drill program on Yellowknife City Gold Project |
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| TerraX commences summer drill program on Yellowknife City Gold Project | |
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Yellowknife, Northwest Territories - TerraX Minerals Inc. (TSX.V: TXR; OTC Pink: TRXXF; Frankfurt: TX0) has completed a third and final closing of its non-brokered private placement announced May 19, 2015 with the issuance of a further 385,000 flow-through common shares at $0.40 per share for gross proceeds for this tranche of $154,000. These shares will be subject to a hold period expiring on October 25, 2015. Cash finder's fees are payable with respect to this placement along with the issuance of 23,100 finders warrants exercisable at $0.55 until June 24, 2018.
With completion of this last tranche of the non-brokered flow-through financing announced May 19th, along with the $2.5 Million flow-through private placement with Osisko Gold Royalties Ltd. (TSX: OR) completed on June 17 2015, TerraX has now raised a total of $5,180,145 in flow-through financing that will used to fund an extensive drill program commencing this summer on its wholly-owned Yellowknife City gold project ("YCG"), immediately north of Yellowknife in the Northwest Territories of Canada.
In addition, the Company has also closed the non-brokered private placement of 145,000 non-flow-through units at $0.36 per unit announced June 23, 2015 for gross proceeds of $52,200. Each unit consists of one common share and one-half of one share purchase warrant, with each full warrant entitling the holder to purchase an additional common share at an exercise price of $0.55 per share until June 24, 2018. The shares, warrants and any shares acquired on the exercise of warrants will be subject to a hold period expiring on October 25, 2015. No finders' fees were payable with respect to this placement, the gross proceeds of which will be applied to working capital.
About the Yellowknife City Gold Project
The Yellowknife City Gold Project encompasses approximately 99.3 sq km of contiguous land immediately north of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, TerraX now controls one of the six major high-grade gold camps in Canada - and the least explored.
The project lies on the prolific Yellowknife greenstone belt and covers 15 km of strike length on the northern extension of the shear system that hosts the high-grade Con and Giant gold mines. The project area contains multiple shears that are the recognized hosts for gold deposits in the Yellowknife gold district, with innumerable gold showings and high grade drill results this past year that serve to indicate the project's potential as a world-class gold district. Since February 2013, TerraX has consolidated the project area by acquiring, optioning and staking numerous properties, including: Northbelt, Goodwin, Ryan Lake, Walsh Lake, and U-Breccia, as well as staking additional contiguous lands. Being all-season road accessible and within 15 km of the City of Yellowknife, the YCG is close to vital infrastructure, including transportation, service providers, hydro-electric power and skilled trades people
For more information on the Yellowknife City Gold Project, please visit our web site at www.terraxminerals.com.
On behalf of the Board of Directors
"JOSEPH CAMPBELL"
Joseph Campbell
President
Contact: Paradox Public Relations
[email protected]
Phone: 514-341-0408 Toll Free: 1-866-460-0408
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 information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Data and Statistics for these countries : Canada | All Gold and Silver Prices for these countries : Canada | All
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Terra X Minerals Inc.
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EXPLORATION STAGE |
CODE : TXR.V |
ISIN : CA88103X1087 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Terra X is a gold exploration company based in Canada. Its main exploration properties are NEEDLE, STEWART GOLD-COPPER, SUNBEAM and BLACKFLY in Canada. Terra X is listed in Canada. Its market capitalisation is CA$ 28.7 millions as of today (US$ 21.0 millions, € 19.4 millions). Its stock quote reached its lowest recent point on January 04, 2013 at CA$ 0.05, and its highest recent level on September 23, 2016 at CA$ 1.05. Terra X has 102 330 000 shares outstanding. |
Financings of Terra X Minerals Inc. |
Project news of Terra X Minerals Inc. |
Corporate news of Terra X Minerals Inc. |
7/29/2016 | TerraX closes first tranche of non-brokered private placemen... |
7/4/2016 | TerraX agrees to non-brokered private placement for $7 Milli... |
6/29/2016 | Video-Corporate Presentation for TerraX Minerals, Inc. |
5/19/2016 | TerraX drills 8.00 m @ 3.21 g/t Au and 1.85 m @ 15.08 g/t Au... |
5/17/2016 | Video-Corporate Presentation for TerraX Minerals, Inc. |
5/13/2016 | TerraX closes final tranches of non-brokered private placeme... |
5/9/2016 | TerraX closes second tranche of non-brokered private placeme... |
5/4/2016 | TerraX drills new gold zone at Homer Lake, Yellowknife City ... |
5/2/2016 | TerraX agrees to additional non-brokered private placements ... |
4/15/2016 | TerraX closes non-brokered private placement for $936,200 |
4/13/2016 | TerraX drills 49.70 m @ 1.00 g/t Au and 30.70 m @ 1.33 g/t A... |
4/12/2016 | TerraX agrees to non-brokered private placement for $936,200 |
2/2/2016 | TerraX Commences Drilling at Mispickel Target, Yellowknife C... |
1/20/2016 | AgaNola's Florian Siegfried Interviewed by The Gold Report |
1/20/2016 | TerraX to Acquire Additional Claims at Yellowknife City Gold... |
1/5/2016 | TerraX Discovers Three New Areas With Replacement Style Mine... |
12/15/2015 | Caesars Report's Thibaut Lepouttre Interviewed by The Gold R... |
11/2/2015 | Video-Corporate Presentation for TerraX Minerals, Inc. |
10/28/2015 | TerraX Channel Samples a New Zone (Brent Shear) With 4.0 m @... |
9/23/2015 | TerraX stakes 16.7 sq km Southbelt Property south of Yellowk... |
9/15/2015 | TerraX proposes Stock Option Amendments |
9/8/2015 | TerraX discovers new high grade gold zones at Yellowknife Ci... |
9/8/2015 | TerraX Discovers New High Grade Gold Zones at Yellowknife Ci... |
9/2/2015 | TerraX appoints Elif Levesque to Board of Directors |
7/22/2015 | TerraX commences summer drill program on Yellowknife City Go... |
7/17/2015 | Video-Corporate Presentation for TerraX Minerals, Inc. |
6/23/2015 | TerraX agrees to Non-brokered Private Placement for $52,200 |
6/19/2015 | TerraX closes second tranche of Non-brokered Private Placeme... |
5/21/2015 | Video-Corporate Presentation for TerraX Minerals, Inc. |
4/1/2015 | TerraX drills 5.00 m @ 5.29 g/t Au, inclusive of 3.00 m @ 7.... |
4/1/2015 | View PDF |
4/1/2015 | Drills 5.00 m @ 5.29 g/t Au, Inclusive of 3.00 m @ 7.98 g/t ... |
3/14/2015 | Corporate Profile for TerraX Minerals, Inc. |
3/11/2015 | TerraX Drills 8.00 m @ 6.83 g/t Au, Inclusive of 2.04 m @ 23... |
3/11/2015 | TerraX Drills 8.00 m at 6.83 g/t Au, Inclusive of 2.04 m at ... |
3/4/2015 | TerraX drills 7.00 m @ 10.23 g/t Au, confirming the down dip... |
2/27/2015 | Video-Corporate Presentation for TerraX Minerals, Inc. |
2/26/2015 | TerraX Drills 7.00 m @ 10.23 g/t Au, Confirming the Down Dip... |
2/7/2015 | Corporate Profile for TerraX Minerals, Inc. |
1/22/2015 | TerraX Begins Drilling on Yellowknife City Gold Project |
11/13/2014 | TerraX tenders drill contract for Yellowknife City Gold Proj... |
10/16/2014 | Yellowknife, Northwest Territories - TerraX Minerals Inc. (T... |
10/16/2014 | Yellowknife, Northwest Territories - TerraX Minerals Inc. (T... |
10/16/2014 | Yellowknife, Northwest Territories - TerraX Minerals Inc. (T... |
10/16/2014 | TerraX Closes Final Tranche of Private Placement for $365,15... |
10/15/2014 | View PDF |
10/9/2014 | TerraX Closes Second Tranche of Private Placement; Increases... |
9/24/2014 | TerraX Agrees to $2,100,000 Private Placement |
9/15/2014 | TerraX Drills 2.85 m @ 33.60 g/t Au, 3.07 m @ 13.84 g/t Au a... |
9/8/2014 | TerraX Assays 878 and 712 g/t Au in Grab Samples From Two Ne... |
8/25/2014 | IIROC Trading Resumption - TXR |
8/25/2014 | IIROC Trading Halt - TXR |
8/25/2014 | TerraX Drills 22.42 m @ 6.35 g/t Au, Inclusive of 5.16 m @ 1... |
8/19/2014 | TerraX Assays 141 g/t Au, 445 g/t Ag, 3.01% Cu and 6.32% Mo ... |
8/18/2014 | TerraX Assays 6.61 g/t Au, 357 g/t Ag, 1.51% Cu, 7.02% Zn an... |
7/24/2014 | TerraX Assays 34.9 g/t, 75.8 g/t, 346 g/t and 547 g/t Au in ... |
6/25/2014 | Terrax Commences Drilling at Barney Shear Zone, Yellowknife ... |
10/30/2013 | Options Walsh Lake Property Adjacent to Northbelt Property, ... |
10/16/2013 | Assays 2.97 g/t Au Over 21.12 m, Including 8.81 g/t Au over ... |
10/16/2013 | Assays 2.97 g/t Au Over 21.12 m, Including 8.81 g/t Au over ... |
10/2/2013 | Assays 62.90 g/t Au Over 5.00 m (Hole 85-150) Less Than 50 M... |
9/25/2013 | Assays 20.66 g/t Au over 5.00 m (Hole 85-187) Near Surface a... |
9/18/2013 | Assays 13.07 g/t Au Over 6.87 m (Hole 85-118); 67.69 g/t Au ... |
8/14/2013 | Receives Assay Results From Re-Sampling of Drill Hole NB95-1... |
7/31/2013 | Collects 293 Grab and Chip Samples at Northbelt; Results Inc... |
7/22/2013 | Completes Airborne Geophysical Survey and Field Exploration ... |
7/22/2013 | Completes Airborne Geophysical Survey and Field Exploration ... |
4/20/2013 | Tad Receives Conditional approval for Terra Firma option |
2/13/2013 | acquires Northbelt Gold Mining Leases in Yellowknife, NWT; H... |
2/15/2012 | Aurion Options Logan Pass South to Terra Rossa Gold |
3/16/2011 | (Sunbeam)drills 13.90 m of 1.11 g/t Au at Road Zone on Sunbeam-Pettig... |
6/23/2010 | Options Stewart Gold-Copper Property, Burin Peninsula, Newfo... |
4/17/2010 | Fact Sheet |
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