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Cours Or & Argent

Spanish Mountain Gold Ltd.

Publié le 09 mars 2011

Spanish Mountain Announces Closing of Financing and Change in Management Team

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Mots clés associés :   Canada | Getty | Uranium |

Re:        News Release - Wednesday, March 09, 2011
Title:     Spanish Mountain Announces Closing of Financing and Change in Management Team


Spanish Mountain Gold Ltd. ("the Company") (SPA-TSXV) is pleased to announce that it has closed its private placement offering (the "Offering"), previously announced on February 17, 2011. Pursuant to the Offering, a total of 6,410,257 common shares of the Company (the "FT Shares") were issued on a "flow-through" basis at a price of $0.78 per FT Share for gross proceeds of $5,000,000.

The proceeds of the private placement will be used to fund programs on the Company's mineral properties in British Columbia, Canada. The Company has received final acceptance from the TSX Venture Exchange in connection with the Offering.

Pursuant to transactions which occurred subsequent to the closing of the Offering, Mr. Ian Watson, a director of the Company, acquired 1,142,857 of the FT Shares for approximately $600,000, representing approximately 17.83% of the Offering and 0.88% of the current issued and outstanding common shares of the Company (the "Shares"). Mr. Watson now owns, directly and indirectly, a total of 13,454,497 Shares and also holds stock options to acquire up to 300,000 Shares and share purchase warrants to acquire up to 10,403,640 Shares (together, the "Convertible Securities"). Mr. Watson's current shareholding represents approximately 10.31% of outstanding Shares (on a non-diluted basis). Should Mr. Watson also exercise his Convertible Securities, he will own 17.10% of the outstanding Shares on a partially diluted basis (i.e., assuming no other convertible securities are exercised).

The Company has paid total cash finder's fee of $128,076.93 pursuant to the Offering. All of the securities issued under the Offering are subject to hold period which will expire on July 9, 2011 in accordance with applicable Canadian securities laws.


Management Team

The Company is also pleased to announce the appointment of Ian Watson as Chairman of the Company's Board of Directors. Mr. Watson has been a director of the Company since September 2009.

The Company is pleased to report that Judy Stoeterau, P. Geo. has been appointed Vice- President, Geology. Judy has over 30 years of experience in mineral exploration and corporate management, working on gold, base metal, uranium and diamond projects in Canada and South America. She has worked with both junior exploration companies and senior mining firms such as Falconbridge, Getty Minerals, Placer Dome and Cameco. The Company believes that Judy's comprehensive understanding of the operations of junior mineral exploration companies and her strong professional reputation in the industry are further enhancement to the Company's management team. She will immediately focus on advancing and expanding the mineral potential of the Company's properties. Judy replaces Stuart Morris. We thank Mr. Morris for his contributions to the Company.

The Company has granted incentive stock options to acquire an aggregate of 1,170,000 common shares of the Company to directors, officers and employees of the Company, at an exercise price of $0.65 per share, exercisable until March 9, 2016. The foregoing is subject to regulatory acceptance.


About Spanish Mountain Gold

Spanish Mountain Gold Ltd is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia, Canada. The Company has no debt and owns 100% of all four gold properties located in British Columbia. Additional information about the Company and its project are available on its website: www.spanishmountaingold.com

On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD
Brian Groves,
President and CEO

Contact:

Bill Gillies
(604) 601-3651

or

B&D Capital Partners
(604) 685-6465

info@spanishmountaingold.com
www.spanishmountaingold.com


This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. Management has assumed that these will be our major projects going forward. Risks include that we are unable to satisfy environmental or other regulators, that we determine that our resources are not commercially viable, or that we have difficulties due to unavailability of labour or equipment.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.


Copyright � 2011 SPANISH MOUNTAIN GOLD LTD. (SPA) All rights reserved. For more information visit our website at http://www.spanishmountaingold.com or send email to info@spanishmountaingold.com ..

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Spanish Mountain Gold Ltd.

EXPLORATEUR
CODE : SPA.V
ISIN : CA8464811097
Suivi et investissement
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Spanish Mountain Gold est une société d’exploration minière d'or basée au Canada.

Spanish Mountain Gold détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont MANSON CREEK , SPANISH CREEK, PRINCE GEORGE PROPERTY, SPANISH MOUNTAIN et SHG au Canada.

Spanish Mountain Gold est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 37,1 millions CA$ (27,3 millions US$, 24,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 19 juillet 2007 à 2,10 CA$, et son plus bas niveau récent le 29 janvier 2016 à 0,02 CA$.

Spanish Mountain Gold possède 218 114 373 actions en circulation.

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Financements de Spanish Mountain Gold Ltd.
30/09/2013Announces Closing of Private Placement
05/09/2013Announces Brokered Private Placement of up to $3,000,000
30/06/2011Announces $15,000,000 Financing
09/03/2011Announces Closing of Financing and Change in Management Team
18/02/2011Announces $5,000,000 Flow-Through Private Placement
Nominations de Spanish Mountain Gold Ltd.
23/01/2013Announces Appointment of Rothschild
06/05/2010Announces Appointment of Chief Operating Officer
Projets de Spanish Mountain Gold Ltd.
12/09/2012(Spanish Mountain)and Lhtako Dene Nation Announce Signing of Cooperation Agree...
27/08/2012Provides Project Update
24/07/2012Spanish Mountain Gold Announces Updated Resource Estimate: I...
24/07/2012Announces Updated Resource Estimate: Increased Measured and ...
01/05/2012Reports Additional Results of Current In-fill Drilling Progr...
03/04/2012Reports Results of In-fill Drilling Program
27/03/2012(Spanish Mountain)and Soda Creek Indian Band Announce Signing of Protocol Agre...
22/02/2012Provides Feasibility Study Timeline & Project Update
07/12/2011Spanish Mountain Gold Announces Discovery of New Gold Zone
12/10/2011Reports Completion of In-fill Drilling Program in Main Zone
04/08/2011Provides Update on Environmental Assessment, Permit Progress...
02/06/2011(Spanish Mountain)Reports Results from Current Drill Program: 204.3 m grading ...
20/03/2011(Spanish Mountain)and Williams Lake Indian Band Announce Signing of Protocol A...
12/01/2010(Spanish Creek)Reports 19.30 g/t Gold Over 1.5 Metres at Thunder Ridge (Spa...
08/10/2009(Spanish Mountain)Reports Results from Drilling at Spanish Mountain
01/09/2009(Spanish Mountain)Intersects additional High-Grade Gold at Thunder Ridge
27/07/2009(Spanish Mountain)Begins Drilling at Spanish Mountain
14/01/2009Drilling Intersects High-Grade Gold at Spanish Creek
02/12/2008Identifies New High-Grade Gold Intersections in Assay Result...
19/08/2008(Spanish Mountain)Announces Further Drilling Results for Spanish Mountain
21/05/2008(Spanish Mountain)Drilling Intersects 47.5 Metres of 2.04 g/t Gold 275 Metres ...
18/04/2008(Spanish Mountain)Drilling Intersects High-grade Gold Mineralization in Step-o...
03/04/2008(Spanish Mountain) Reports Initial Resource Estimate for Spanish Mountain
26/03/2008(Spanish Mountain)drilling continues to expand Main Zone and increases propert...
27/02/2008(Spanish Mountain)Spanish Mountain Drilling Results Continue to Confirm Contin...
21/01/2008(Spanish Mountain)Spanish Mountain Main Zone Continues to Expand-Drilling Inte...
10/01/2008(Spanish Mountain Extension)Excellent Gold Recoveries Confirmed at Spanish Mountain
20/04/2006(Spanish Creek)completes $13,46 million financing
Communiqués de Presse de Spanish Mountain Gold Ltd.
23/10/2015Spanish Mountain Gold Announces Closing of Private Placement
05/10/2015Spanish Mountain Announces Non-brokered Private Placement (A...
05/10/2015Spanish Mountain Announces Non-brokered Private Placement
24/10/2014Spanish Mountain Gold Announces Adoption of Advance Notice P...
23/09/2014Spanish Mountain Gold Reports 2014 Drilling Results: High Gr...
03/07/2014Spanish Mountain Gold Commences Drilling Program
08/05/2014Spanish Mountain Files NI 43-101 Technical Report for Spanis...
10/04/2014Spanish Mountain Gold Announces Updated Resource Estimate an...
04/02/2014Reports Final 2013 Drilling Results
28/01/2014Reports Additional Drilling Results
28/11/2013Reports Additional Results for Reverse Circulation Drilling ...
29/10/2013Spanish Mountain Gold Reports Interim Results for Reverse Ci...
29/10/2013Reports Interim Results for Reverse Circulation Drilling Pro...
22/08/2013Announces Start of Drilling Progamme
01/10/2012$0.23 Warrants Fully Exercised
19/06/2012Reports Final Assay Results from In-fill Drilling Program- 1...
29/05/2012Reports Interim Results of In-fill Drilling Program- 64m Gra...
22/05/2012(Spanish Mountain)Exclusive interviews with Spanish Mountain Gold's Chairman I...
15/05/2012Spanish Mountain Gold Reports Initial Metallurgical Results ...
07/03/2012Reports Final Drilling Results From 2011 Program
31/08/2011Announces Commencement of Pre-Feasibility Study
28/07/2011Reports Interim Drilling Results; Drilling Now Underway on C...
13/07/2011Announces Closing of $20 Million Financing
14/03/2011Announces Work Programs for 2011: Drilling In Excess of 17,0...
09/03/2011Spanish Mountain Announces Closing of Financing and Change i...
25/02/2010Announces Closing of Financing
14/01/2010Receives Approval of Name Change to Spanish Mountain Gold Lt...
04/01/2010Announces Change of Company Name to Spanish Mountain Gold a...
24/06/2009Begins 2009 Field Programs
03/12/2008Introduces Stock Research Portal
22/08/2008Closes Over-Allotment Option
01/08/2008Closes Prospectus Financing
16/07/2008Announces Pricing of Prospectus Offering
09/07/2008Closes Wildrose Acquisition and Announces New Directors
19/06/2008and Wildrose Plan of Arrangement Receives Shareholder and Co...
16/06/2008s Progress on Spanish Mountain Project
12/06/2008Files Amended and Restated Financial Statements and MD&A for...
12/06/2008Files Preliminary Short Form Prospectus For Proposed Offerin...
14/03/2008Paul van Eeden: Investing in 2008 Conference
07/03/2008and Wildrose Sign Arrangement Agreement
04/02/2008Three Drills at Spanish Mountain
15/01/2008Step Out Drilling Significantly Expands Spanish Mountain Gol...
14/12/2007Announces 2.4 Million Unit Financing
11/12/2007Brian Groves to Lead Skygold Team as President and CEO
21/02/2007Drilling Confirms Geophysical Targets: Expanding Area of Int...
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