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2010
2009
2008
2007
2006
2005
We continue to explore Kubi to find new high grade ore shoots to add to the already defined 604,085 ounce indicated gold resource at the Kubi Main zone which was the subject of a NI 43-101 assessment by Golder Associates Ltd.
At the Nkran deposit at Obotan, drilling has confirmed the presence of magnetic pyrite which is intimately associated with gold mineralization. This suggests that magnetic susceptibility high anomalies at the intersection of favourable structural breaks may represent yet undiscovered gold mineralization and will be high priority exploration targets.
Douglas MacQuarrie,
President & CEO
August 2010
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| | Tue Dec 8, 2009
Warrants Exercised/Shares for Debt Issued
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| | News Release # 09-31 TSX Venture Exchange: PMV US PMVGF.PK
December 8, 2009 Frankfurt/Berlin: AOJMW7 Issued & Outstanding: 197,240,954
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
WARRANTS EXERCISED/SHARES FOR DEBT ISSUED
December 8, 2009 - Vancouver BC - PMI Gold Corporation (TSX.V:PMV) -- the Company is pleased to announce that the Company has received subscriptions for $238,647 with respect to 2,386,473 warrants priced at $0.10 per warrant, which have been exercised. The proceeds have been applied to accounts payable and working capital.
Further to our news release dated November 20, 2008, the TSX Venture Exchange has accepted for filing the Company's proposal to issue 7,409,911 shares to settle outstanding debt for $400,000. The shares have been issued with an extended hold period: 20% of the shares have a hold period of four months and a day from November 23, 2009; and the hold period will expire on a further 20% of the shares every three months thereafter. MIA Investments Ltd., a company controlled by Douglas R. MacQuarrie, or its assignees, have acquired an option to purchase all of the shares until April 30, 2010.
On behalf of the Board,
"Douglas R. MacQuarrie"
President & CEO
For further information please contact:
Douglas MacQuarrie, President & CEO
Telephone: 1 (604) 682-8089 Toll-Free: 1 (888) 682-8089 Facsimile: 1 (604) 682-8094
or for European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail: frram@aon.at
Or visit the PMI Gold Corporation website at www.pmigoldcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements. We Seek Safe Harbour. |
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