Chart usGOLD   Chart usSILVER  
 
Food for thought
Everything that needs to be said has already been said. But since no one was listening, everything must be said again
André Gide  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1172.59-0.01
Silver 16.13-0.02
Platinum 1232.000.75
Palladium 788.20-1.55
WORLD MARKETS
DOWJONES 17391182
NASDAQ 463165
NIKKEI 16414756
ASX 550548
CAC 40 423392
DAX 9327212
HUI 156-8
XAU 65-3
CURRENCIES (€)
AUS $ 1.4228
CAN $ 1.4106
US $ 1.2521
GBP (£) 0.7830
Sw Fr 1.2056
YEN 140.6600
CURRENCIES ($)
AUS $ 1.1371
CAN $ 1.1264
Euro 0.7987
GBP (£) 0.6254
Sw Fr 0.9626
YEN 112.2900
RATIOS & INDEXES
Gold / Silver72.70
Gold / Oil14.81
Dowjones / Gold14.83
COMMODITIES
Copper 3.07-0.01
WTI Oil 79.20-1.32
Nat. Gas 3.890.06
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Wildcat Reports Private Placement to San Gold following Completion of Share Consolidation
Published : December 07, 2012
( 0 vote, 0/5 ) Print article
     
Tweet
Keywords :   Canada | Gold | Lead | Mcvicar | Metals X | Nickel | Reliance | Silver | Total | Zinc |

WINNIPEG, MANITOBA--(Marketwire - Dec. 7, 2012) - Wildcat Exploration Ltd. (News - Market indicators) is pleased to announce that, subject to regulatory approval, it has completed a non-brokered private placement of shares to San Gold Corporation ("San Gold") for proceeds of $250,000, pursuant to renewal of the option of three properties in the Rice Lake gold camp to San Gold (see news release August 30, 2012).

The option agreement with San Gold provides for private placements of $250,000 as part of the consideration for annual renewal (see news release dated August 10, 2011). The shares issued to San Gold were priced at $0.20 per share. 

Wildcat's Jeep, Mike Power and Poundmaker properties are under option to San Gold whereby San Gold can earn an 80% interest in the properties by carrying out $5.1 million of exploration expenditures over 4 years and making cash payments of $1 million in total and subscribing to $1 million of Wildcat shares. The current private placement completes the requirements for the renewal of the option for a second year.

Commenting on the renewal of the option, Tom Lewis, Wildcat's V.P. Exploration, said, "Recent discussions with San Gold on the exploration approach for our properties near San Gold's mining operations have been productive and we look forward to the results of this winter's aggressive drilling program."

The private placement follows completion of the share consolidation on the basis of twenty old common shares for each new common share, previously approved by Wildcat's shareholders (see news release dated November 9, 2012). The exercise price and number of common shares issuable under any of Wildcat's outstanding warrants and options are proportionately adjusted upon the consolidation. The consolidation has been approved by the TSX Venture Exchange (the "Exchange") and it is anticipated that the new common shares will start trading on the Exchange on the date of this release, Friday November 7, 2012.

About Wildcat

Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. Its portfolio includes: (1) the Jeep, Mike Power and Poundmaker gold properties under option to San Gold Corporation, together with two additional gold exploration properties in the Rice Lake greenstone belt in Manitoba, (2) the McVicar gold property in the Uchi subprovince of Ontario, (3) the Reed Lake base metal property in the Flin Flon-Snow Lake greenstone belt in Manitoba, (4) the Burntwood property in the Thompson Nickel Belt in Manitoba and (5) the Foster zinc-lead-silver property in Saskatchewan. The Company seeks to continuously upgrade its property portfolio through exploration and accretive transactions.

Cautionary Note

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release may contain "forward-looking information", within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to Wildcat's exploration program and plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "believes", "plans", "seeks", "expects", "budget" or variations of such words or statements that certain actions, events or results may, could, will, will be, would be or are expected to be. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wildcat to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Wildcat does not undertake to update any forward- looking information, except in accordance with applicable securities laws.

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

Wildcat Exploration Ltd.
John Knowles
President & CEO
(204) 944-8916
info@wildcat.ca
www.wildcat.ca
or
CHF Investor Relations
Cathy Hume
CEO
(416) 868-1079 ext. 231
cathy@chfir.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All
Tweet

Wildcat Exploration Ltd

EXPLORATION STAGE
CODE : WEL.V
ISIN : CA96809P5013
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Wildcat Exploration Ltd
9/3/2014Wildcat Exploration steps out to thick, high grade zinc-lead
Financings of Wildcat Exploration Ltd
12/7/2012Reports Private Placement to San Gold following Completion o...
Project news of Wildcat Exploration Ltd
3/22/2011(Poundmaker). Regains Management Control of the Poundmaker Property in R...
Corporate news of Wildcat Exploration Ltd
9/9/2013Completes NB Drilling at Sewell Brook and Returns to Island ...
7/23/2013Receives Payment for Property Sale
7/23/2013Receives Payment for Property Sale
7/17/2013Sells Three Properties to San Gold
4/30/2013Reports Rice Lake, MB Drilling Update, Sets Shareholder Meet...
3/19/2013- Doe Run Canadian Exploration Alliance Commences Work on Ne...
2/27/2013Drilling Commences on Wildcat's Rice Lake Properties
11/14/2012Reports Results from the Chellow Vein on its McVicar Propert...
11/9/2012Shareholders Approve Share Consolidation
10/10/2012Proposes Share Consolidation
7/18/2011Enhances Gold Potential in First Phase of Field Work at McVi...
6/24/2011Options Three Gold Properties to San Gold
6/9/2011Commences Work on Newly Expanded McVicar Gold Project
12/10/2010. Retains CHF Investor Relations
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (WEL.V)
0.055-21.43%
TSX-V
CA$ 0.055
10/31 15:50 -0.020
-21.43%
Prev close Open
0.070 0.065
Low High
0.055 0.065
Year l/h YTD var.
0.050 -  0.170 -8.33%
52 week l/h 52 week var.
0.050 -  0.170 -8.33%
Volume 1 month var.
12,250 -54.17%
24hGold TrendPower© : -16
Produces
Develops
Explores for Gold
 
 
 
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
Annual variation
DateVariationHighLow
201410.00%0.110.05
2013-79.17%0.300.04
2012-60.00%1.000.05
2011-72.73%2.200.40
2010-26.67%3.801.00
 
5 years chart
 
3 months chart
 
3 months volume chart