BAR.TO - Balmoral Resources Ltd

Toronto - Toronto Delayed Price. Currency in CAD
0.8000
-0.0100 (-1.23%)
At close: 3:59PM EDT
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Chart Events
Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.8100
Open0.8100
Bid0.7800 x 0
Ask0.8000 x 0
Day's Range0.7900 - 0.8100
52 Week Range0.0950 - 0.8400
Volume606,719
Avg. Volume882,895
Market Cap142.86M
Beta (5Y Monthly)0.99
PE Ratio (TTM)N/A
EPS (TTM)-0.0120
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.45
  • GlobeNewswire

    Wallbridge Mining Company Limited and Balmoral Resources Ltd. Announce Completion of Plan of Arrangement

    With completion of the Arrangement Wallbridge has now acquired 100% of the issued and outstanding common shares (the “Balmoral Shares”) of Balmoral in exchange for consideration of 0.71 of a common share of Wallbridge for each Balmoral Share. “With the completion of the Arrangement, Wallbridge now controls a district-scale land position along the Detour-Fenelon Gold Trend, a major structure that hosts the Detour Lake gold mine, the Fenelon gold project and numerous other gold exploration and development projects,” said Marz Kord, President & CEO of Wallbridge.

  • GlobeNewswire

    Balmoral Obtains Final Court Order Approving Plan of Arrangement

    Balmoral Resources Ltd. (TSX:BAR; OTCQX:BALMF) (“Balmoral”) announces that it has obtained the final order from the Supreme Court of British Columbia approving the previously announced plan of arrangement with Wallbridge Mining Company Limited (“Wallbridge”) pursuant to which Wallbridge has agreed to acquire all of the issued and outstanding shares of Balmoral (the “Balmoral Shares”) in exchange for consideration of 0.71 of a common share of Wallbridge for each Balmoral Share (the “Transaction”), as described in Balmoral’s information circular dated March 27, 2020 (the “Circular”). It is currently anticipated that the Transaction will close on May 22, 2020, subject to the satisfaction and/or waiver of all conditions precedent.

  • Newsfile

    Eric Sprott Announces Investment in Balmoral Resources Ltd.

    Toronto, Ontario--(Newsfile Corp. - May 8, 2020) - Eric Sprott announces that, between May 4th and May 8th, 2020, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired ownership of 4,500,000 common shares of Balmoral Resources Ltd. over the Toronto Stock Exchange (representing approximately 2.5% of the outstanding shares on a non-diluted basis) at an average price of approximately $0.64 per share for aggregate consideration of approximately $2,871,900.Mr. Sprott now beneficially ...

  • GlobeNewswire

    Balmoral Securityholders Approve Arrangement with Wallbridge Mining Company Limited

    Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX:BAR; OTCQX:BALMF) is pleased to announce that an overwhelming majority of the securityholders who cast votes at the Special Meeting of the Company yesterday afternoon in Vancouver, British Columbia and online have voted in favour of the special resolution approving the arrangement (the “Arrangement”) with Wallbridge Mining Company Limited (WM:TSX) (“Wallbridge”) originally announced March 2, 2020 (see Balmoral News Release R20-04). In total 99.4% of the Balmoral securityholders who cast ballots voted to approve the Arrangement.

  • Wallbridge Announces Balmoral Securityholder Approval of Arrangement
    CNW Group

    Wallbridge Announces Balmoral Securityholder Approval of Arrangement

    TORONTO , May 8, 2020 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company")  is pleased to announce that at a special meeting of Balmoral Resources Ltd. (" Balmoral ") (BAR.TO)  securityholders held on May 7, 2020 (the "Meeting"), Balmoral securityholders voted overwhelmingly in favour of the resolution (the "Arrangement Resolution") approving the acquisition of Balmoral by Wallbridge by way of a plan of arrangement (the "Arrangement") as previously disclosed by Wallbridge and Balmoral . In total 99.4% of the Balmoral securityholders who cast ballots voted to approve the Arrangement.

  • GlobeNewswire

    Balmoral Intersects 308 g/t Gold (8.98 Oz/Ton) Over 2.97 Metres, Including 858 g/t (25.03 Oz/Ton) Gold Over 1.06 Metres, at New Reaper Gold Discovery, Fenelon Property, Quebec

    Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) announced today a new, very high-grade gold discovery on its Fenelon Property in Quebec. The Reaper gold discovery returned an intercept of 858.00 g/t gold over 1.06 metres, as part of a broader 2.97 metre wide mineralized zone grading 307.89 g/t gold. The Reaper discovery occurs along the western margin of the Area 51 intrusion on the southern part (Area 52 segment) of the Company’s Fenelon Property (see Figure 1).

  • GlobeNewswire

    Balmoral Announces Recommendations from ISS and Glass Lewis that Shareholders Vote FOR the Proposed Arrangement Between Balmoral and Wallbridge Mining Company Limited

    Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX:BAR; OTCQX:BALMF) announced today that the two leading independent institutional proxy advisory firms, Institutional Shareholder Services  Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), have each recommended that shareholders vote FOR the special resolution, as outlined in the Company’s management information circular (the “Circular”) (available on the Balmoral website under the Company’s profile at www.sedar.com), whereby Wallbridge Mining Company Limited (“Wallbridge”) will acquire all of the issued and outstanding shares of Balmoral under the terms of the Arrangement Agreement between the parties (the “Proposed Transaction”).

  • GlobeNewswire

    Balmoral Resources Ltd. Announces Mailing of Management Information Circular in Connection with a Special Meeting to Consider the Proposed Acquisition by Wallbridge Mining Company Limited

    Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX:BAR; OTCQX:BALMF) announced today that it has mailed and filed its management information circular (the “Circular”) and related meeting materials in connection with a special meeting (the “Meeting”) of the holders of common shares (the “Balmoral Common Shares”, such holders of Balmoral Common Shares, the “Balmoral Shareholders”), stock options and deferred share units of the Company (together with the Balmoral Common Shares, the “Balmoral Securities”, such holders of the Balmoral Securities, the “Balmoral Securityholders”) to be held on May 7, 2020. The purpose of the Meeting is to seek the Balmoral Securityholders’ approval in connection with the previously announced (see NR20-04, March 2, 2020) proposed acquisition by Wallbridge Mining Company Limited (“Wallbridge”) of all of the issued and outstanding Balmoral Common Shares (the “Proposed Transaction”).

  • GlobeNewswire

    Balmoral Resources Ltd. Announces Receipt of Interim Court Order with Respect to Proposed Acquisition by Wallbridge Mining Company Limited

    The Interim Order authorizes Balmoral to proceed with various matters, including the holding of a special meeting of Balmoral securityholders to consider and vote on the proposed Plan of Arrangement (the “Proposed Transaction”) whereby Wallbridge proposes to acquire all of the issued and outstanding common shares of Balmoral. On March 2, 2020 the Parties entered into a definitive arrangement agreement (the “Arrangement Agreement”) whereby, subject to the terms and conditions of the Arrangement Agreement, Wallbridge will acquire all of the Balmoral common shares on the basis of 0.71 of a Wallbridge common share for each Balmoral common share.

  • GlobeNewswire

    BALMORAL TEMPORARILY SUSPENDS EXPLORATION ACTIVITIES IN QUEBEC AND ONTARIO IN RESPONSE TO COVID-19 ORDERS

    Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) announced today, following the orders of the Governments of Quebec and Ontario in response to the COVID-19 pandemic, that it has, effective immediately, suspended until further notice its exploration activities in both provinces. Balmoral’s head office in Vancouver was closed in response to the concerns around COVID-19 on March 12, 2020, with all staff requested to work remotely since that time. To date Balmoral, and Wallbridge Mining Company Limited (“Wallbridge”) with whom Balmoral shares the Fenelon exploration camp in Quebec, have reported no suspected or confirmed cases of COVID-19.

  • GlobeNewswire

    Wallbridge Mining Company Limited and Balmoral Resources Ltd. to Combine in an All-Stock Transaction, Creating a Formidable and Well Financed Canadian Exploration & Development Company with a Dominant Land Position along the Detour Gold Trend in Quebec

    Wallbridge Mining Company Limited (WM.TO) (“Wallbridge” or the “Company”) and Balmoral Resources Ltd. (BAR.TO) (“Balmoral”) announce today that they have entered into a definitive agreement (the “Arrangement Agreement”) following the signing of a Letter of Intent on February 14, 2020, whereby Wallbridge will, among other things, acquire all of the issued and outstanding shares of Balmoral, in an all-stock transaction, pursuant to a plan of arrangement as further described below (the “Transaction”).

  • GlobeNewswire

    Balmoral Commences Winter Drill Program at Fenelon Targeting Expansion of the Area 51 Gold System, Detour Gold Trend Project, Quebec

    Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) announces that its 2020 winter drill program targeting several known gold-bearing zones on its wholly-owned Fenelon Property in Quebec is underway (see Photo 1). Balmoral’s current 2020 exploration plan calls for a minimum of 20,000 metres of drilling, focused almost exclusively on gold targets on the Detour Gold Trend Project, which will be completed in two phases. The winter 2020 drill program will principally target further extensions of the Area 51 gold system in several areas on the Company’s wholly-owned Fenelon Property.

  • GlobeNewswire

    Balmoral Resources Named to 2020 OTCQX Best 50

    Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX:BAR; OTCQX:BALMF) is pleased to announce it has been named to, and ranked 12th on the 2020 OTCQX® Best 50: a ranking of top performing companies which traded on the OTCQX Best Market last year. This marks the third time in the past six years that Balmoral has been included on this annual Best 50 list. The Company was also recently recognized as one of the top 3 best performing B.C. - based mining stocks on the Toronto Stock Exchange in 2019 by Business in Vancouver magazine.

  • GlobeNewswire

    Balmoral’s Area 51 Gold System Program Continues - Preparation for Winter Drilling Underway

    Balmoral Resources Ltd.’s (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) previously announced ground geophysical survey targeting the Area 51 gold system (see News Release 19-27; Dec. 16, 2019) and related gold discoveries on its wholly-owned Fenelon Property in Quebec is continuing and on track to be completed later this month. “We are very pleased with the early results from the extensive geophysical program being completed at Fenelon, and are in the process of permitting several additional drill sites targeting gold mineralization in Area 52, Area 51 West, and along the Ripley/Sunday Lake gold trends,” said Darin Wagner, President and CEO of Balmoral.

  • One Thing To Remember About The Balmoral Resources Ltd (TSE:BAR) Share Price
    Simply Wall St.

    One Thing To Remember About The Balmoral Resources Ltd (TSE:BAR) Share Price

    If you own shares in Balmoral Resources Ltd (TSE:BAR) then it's worth thinking about how it contributes to the...

  • GlobeNewswire

    Balmoral Closes Non-Brokered Flow-Through Private Placement for Gross Proceeds of $4.55 Million

    Pursuant to the closing of the Offering the Company issued 8,930,000 Quebec flow-through common shares (“Quebec FT Shares”) at a price of $0.51 per Quebec FT Share for gross proceeds of $4,554,300. The Quebec FT Shares issued will be subject to a four month and one day hold period from the date of closing of the Offering under applicable securities laws in Canada.

  • GlobeNewswire

    Balmoral Arranges $4.55 Million Flow-Through Private Placement

    Under the terms of the Offering the Company has agreed to sell 8,930,000 Quebec flow-through common shares of the Company at a price of $0.51 per Quebec flow-through common share. The gross proceeds of the Offering will be used by the Company to incur eligible Canadian exploration expenses (as defined in the Income Tax Act (Canada)) and qualifying expenditures under the Taxation Act (Quebec) through the exploration of the Company’s properties located in the province of Quebec.

  • GlobeNewswire

    Balmoral’s Area 51 Gold System I.P. Program Commences, Detour Gold Trend Project, Quebec

    Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) announces that it has commenced its largest ground geophysical survey in over four years, targeting the Area 51 gold system on its wholly-owned Fenelon Property in Quebec.

  • GlobeNewswire

    Balmoral Expands Ripley Zone Gold Discovery / Area 51 Gold System, Detour Gold Trend, Quebec

    VANCOUVER, British Columbia, Dec. 04, 2019 -- Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) announces the successful expansion of the recently.

  • GlobeNewswire

    Balmoral Expands Detour Gold Trend Holdings

    Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) announced today that is has acquired by staking 62 mineral claims located adjacent to its existing Detour East property in Quebec. The Detour East property, and the claims staked, form part of the Company’s Detour Gold Trend Project and are located along and proximal to the Ontario-Quebec border where they adjoin the holdings of Detour Gold Corporation (“Detour Gold” or the “Corporation”). On November 25, 2019 Detour Gold announced that they had entered into a definitive agreement to sell the Corporation, subject to shareholder approval, in a deal with a pre-announcement implied equity valuation of approximately CDN$4.9 billion*.

  • GlobeNewswire

    Balmoral Receives $1,021,729 Exploration Tax Credit Refund

    Balmoral Resources Ltd. (TSX:BAR; OTCQX:BALMF) ("Balmoral" or the "Company") is pleased to announce that it has received an exploration tax credit refund of $1,021,729 from Revenu Quebec. The tax credit refund relates to eligible exploration expenditures incurred by the Company during 2017 on its Detour Gold Trend Project in the province of Quebec. The government of Quebec provides incentives to support the mineral exploration and development industry in the province which includes a refundable tax credit which, in the case of Balmoral’s projects in Quebec, is equal to 38.75% of eligible exploration expenditures.

  • GlobeNewswire

    Balmoral Welcomes Strategic Investment from Mr. Eric Sprott, Closes Final Tranche of Non-Brokered Private Placement for Total Gross Proceeds of $3.5 Million

    Balmoral Resources Ltd. (BAR.TO) ("Balmoral" or the "Company") announces that it has closed the second and final tranche (the “Second Tranche”) of the previously announced (see news releases NR19-18, NR19-19, NR19-21 and NR19-22 dated respectively Oct. 11, 16, 23 and 28, 2019) non-brokered private placement (the “Offering”). Pursuant to the closing of the Second Tranche, the Company issued 9,361,158 units (the “Units”) at a price of $0.17 per Unit for gross proceeds of $1,591,396.86. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.30 for a period of 18 months.

  • GlobeNewswire

    Balmoral Announces Closing of First Tranche of Non-Brokered Private Placement for Gross Proceeds of $1.9 Million

    Balmoral Resources Ltd. (BAR.TO) ("Balmoral" or the "Company") announces that it has closed the first tranche of the previously announced (see news releases NR19-18, NR19-19 and NR19-21 dated respectively Oct. 11, 16 and 23, 2019) non-brokered private placement (the “Offering”). Upon closing of the first tranche of the Offering, the Company issued 7,173,913 Quebec flow-through common shares (the “Quebec Flow-Through Shares”), at a price of $0.23 per Quebec Flow Through Share, for gross proceeds of $1,650,000 and 1,315,790 National flow through common shares (the “National Flow-Through Shares”), at a price of $0.19 per National Flow-Through Share, for gross proceeds of $250,000.

  • GlobeNewswire

    Balmoral Further Increases Non-Brokered Private Placement to $3.47 Million

    Balmoral Resources Ltd. (BAR.TO) ("Balmoral" or the "Company") announces that it has further increased the hard dollar unit component of its previously announced (see NR19-18, Oct. 11, 2019 and NR19-19, Oct. 16, 2019) non-brokered private placement (the “Offering”) to $1.57 million, which increases the total size of the Offering to $3.47 million. The Company has now agreed to sell up to 9,243,529 units priced at $0.17 per unit, with each unit consisting of one common share and one half (1/2) common share purchase warrant (the “Unit Offering”). Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.30 for a period of 18 months from the closing of the Offering.

  • GlobeNewswire

    Balmoral’s Nickel Sulphide Portfolio Expands With Confirmation of Precious Metal Rich Nickel Discovery at Bluenose, Rum Project, Quebec

    OTCQX: BALMF) controls a portfolio of highly prospective nickel sulphide projects located in the greenstone belts of Ontario and Quebec. The Company recently announced the first indications of nickel sulphide mineralization on its RUM project in Quebec (see NR19-13 - July 30, 2019). Balmoral is pleased to advise that follow-up hand stripping and sampling has significantly expanded the Bluenose Nickel-Copper-Gold-PGE Zone and has confirmed the precious metal rich nature of this new nickel sulphide discovery (see Table 1 below).