|Bid||0.0370 x 0|
|Ask||0.0560 x 0|
|Day's Range||0.0360 - 0.0360|
|52 Week Range||0.0150 - 0.0900|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Monterey Minerals Inc. (the “Company” or “Monterey”) (CSE: MREY, FSE: 2DK) announces the final closing of its previously announced non-brokered private placement of up to $600,000, consisting of $500,000 of common share units and $100,000 of flow-through share units (the “Financing”). The final closing consisted of $92,300 common share units (“Unit”) priced at $0.05 per unit, as the balance of the Financing closed on August 21, 2019. Each Unit consists of one common share and one-quarter of a common share purchase warrant. Each full common share purchase warrant entitles the holder to purchase one common share at a price of $0.10 until March 5, 2021. The Company paid cash finder’s fees equal to 7% of the gross proceeds totalling $1,561 in the second closing.
Monterey Minerals Inc. (the “Company” or “Monterey”) (CSE : MREY and FSE :2DK) is pleased to announce that it has signed a Letter of Intent (“LOI”) to purchase Gold River Resources Pty Ltd. (“Gold River Resources”) of Perth, Australia. Gold River Resources owns six highly prospective tenements in the Pilbara Basin covering 322 square kilometres (“sq.km.”). As outlined in the LOI, the Company will buy all the shares of Gold River Resources for 11,000,000 common shares of Monterey. The Company will look to complete a definitive purchase and sale agreement in Q2 2019.
Monterey Minerals Inc. (the “Company” or “Monterey”) (CSE: MREY, FSE: 2DK) is pleased to announce that it has completed the purchase of CTTR Mining Tenements Pty Ltd. (“CTTR Mining”). Monterey previously announced (see press release dated March 11, 2019) that it would issue 7 million common shares for all of the shares of CTTR Mining, which owns seven tenements encompassing over 525 square kilometres in the Pilbara region of Western Australia. President and CEO, James Macintosh stated, “As we continue to increase our property portfolio, we are now looking forward to exploring our over 670 sq. km. in the Pilbara Basin.
Monterey Minerals Inc. (the “Company” or “Monterey”) (CSE: MREY, FSE: 2DK) is pleased to announce that has completed the purchase of Ridge Street Investments Pty Ltd. (“Ridge Street”). Monterey previously announced (see press release dated February 11, 2019) that it would issued 8 million common shares for all of the shares of Ridge Street, which owns the E47/3886 and E47/3887 tenements encompassing over 135 square kilometres in the Pilbara region of Western Australia. Exploration Licence E47/3886, the Sherlock River Property, is located within the northwest Pilbara Craton and in the Central Pilbara Tectonic Zone.