|Bid||0.055 x 0|
|Ask||0.075 x 0|
|Day's Range||0.055 - 0.055|
|52 Week Range||0.040 - 0.190|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Manitou Gold Inc. (MTU.V) (the “Company” or “Manitou”) is pleased to announce the acquisition of the Midas Gold Property, which is located within the Goudreau-Localsh deformation zone (the “GLDZ”). The Midas Gold Property is comprised of mining claims covering a total area of over 5,500 acres along the southern domain of the GLDZ. The property covers at least six known gold occurrences, two of which have seen recent exploration. In consideration for the 100% purchase of the Midas Property, Manitou Gold will issue 2,250,000 common shares of the Company, pay $50,000 on closing and grant the vendors a 0.5% net smelter royalty (“NSR”) on the property. The NSR is subject, at any time to a 100% buy back from the vendors for cash consideration of $500,000. There is an underlying 2.0% NSR payable to the original vendors, half of which (1.0%) can be repurchased at any time for cash consideration of $1,000,000. Shares issued in consideration of the purchase shall be subject to escrow, with 250,000 issued on closing and 500,000 every six months thereafter. Closing of this transaction is subject to Board approval of the vendors and Manitou Gold, as well as to TSXV approval.
SUDBURY, Ontario, Aug. 01, 2018-- Manitou Gold Inc. announces a correction to its prior press release dated July 31, 2018 in connection with its non-brokered private placement pursuant to which it issued ...
Manitou Gold Inc. (MTU.V) ("Manitou Gold" or the "Company") announced today that it has closed a non-brokered private placement (the “Offering”) pursuant to which it has issued an aggregate of 17,255,000 units (“Units”) at a price of $0.08 per Unit to raise aggregate gross proceeds of $1,380,400. Each Unit consists of one common share of the Company and one-half of one share purchase warrant (each whole such share purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one additional common share of Manitou Gold at $0.015 until July 31, 2021. Insiders of the Company subscribed for an aggregate of 425,000 Units in the Offering. In connection with the Offering, the Company has also issued an aggregate of 100,800 finder’s units (“Finder’s Units”) and 100,800 broker warrants (“Broker Warrants”) to certain eligible finder’s assisting in the Offering. The Finder’s Units bear the same terms and conditions as the Units. Each Broker Warrant entitles the holder thereof to acquire one Unit at an exercise price of $0.08 until July 31, 2021.
Manitou Gold Inc. (MTU.V) (the “Company” or “Manitou”) is pleased to provide an update on exploration and related activities for its Goudreau area properties. Manitou Gold’s current property portfolio along the Goudreau-Localsh Deformation Zone (“GLDZ”) includes the Goudreau Patents, which consist of 160 acres of surface and mining rights patented lands, and the 7,000+ acre Rockstar Property. Both properties were recently acquired and are seeing their first modern exploration programs currently under way.
VANCOUVER , March 27, 2018 /CNW/ - Trading resumes in: Company: Manitou Gold Inc. TSX-Venture Symbol: MTU Resumption (ET): 10:45 AM IIROC can make a decision to impose a temporary suspension (halt) of ...
VANCOUVER , March 27, 2018 /CNW/ - The following issues have been halted by IIROC: Company: MANITOU GOLD INC TSX-Venture Symbol: MTU Reason: At the Request of the Company Pending News Halt Time (ET): 8:49 ...
Manitou Gold Inc. is pleased to announce interim assay results from chip samples taken as part of the recently completed initial surface bulk sample at its 100% owned Kenwest property which is located ...
Manitou Gold Inc. today provided an update on the previously announced newly acquired patented mining claims located east of Richmont Mines' Island Gold Mine, which is currently producing and subject to ...