Soma Announces Gold Production of 1,610 Ounces in October 2020
Vancouver, British Columbia--(Newsfile Corp. - November 5, 2020) - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: PRSRF) (formerly Para Resources Inc.) (the "Company" or "Soma") announces that its wholly-owned subsidiary, Operadora Mineras S.A.S. produced 1,610 ounces of Au in October, ahead of a budget of 1,204 ounces. The Company sold 1,471 ounces at an average price of US $1,843 per ounce Au during the month. During October, Soma completed 808 meters of additional exploration drilling, which was split...
2020-11-05 7:20 AM EST
Soma Gold Acquires Minority Interest in Four Points Mining to Achieve 100% Ownership
Vancouver, British Columbia--(Newsfile Corp. - October 20, 2020) - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: PRSRF) (formerly Para Resources Inc.) (the "Company" or "Soma") is pleased to announce that is has entered into a share purchase agreement (the "Agreement") with two arm's length parties, Mineral FF S.A.S. and Rulvix Holding Inc (together, the "Vendors"), to purchase the 25,992 common shares (the "Acquisition") in the capital of Four Points Mining S.A.S. ("Four Points"). As a result of the Agreement,...
2020-10-20 6:15 AM EDT
Soma Gold Announces Results of New Drilling Program on Extension of the Cordero-Balvina Mineralization
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2020) - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (formerly Para Resources Inc.) (the "Company" or "Soma") announced today the results of the next phase of the ongoing drilling program to delineate the northern extension of the Cordero - Balvina mine on the El Bagre Project. About the El Bagre mining projectThe underground gold project is located 167km northeast of Medellin, in the department of Antioquia, within the jurisdiction of Zaragoza...
2020-10-15 6:15 AM EDT
Soma Gold Announces Gold Production in Q3 2020 of 4,427 Ounces of Gold, Exceeding Forecast by over 25%; US$8.28M in Quarterly Revenues; Live Investor Webinar on October 13 at 11 AM ET
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2020) - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: PRSRF) (formerly Para Resources Inc.) (the "Company" or "Soma") announced today that the total gold produced and sold at its El Bagre mine in Colombia was 4,427 ounces for the Quarter ended September 30, 2020, exceeding expectations by 25%. This production of gold generated a revenue of USD $8.28 million for the third quarter. Q3 2020 PRODUCTION AT EL BAGRE MINE
2020-10-06 6:15 AM EDT
Soma Gold Announces It Has Closed a US $5 Million Offtake Financing with Nueva Granada Gold Corp and Made the US $ 4.5 Million Second Tranche Payment to Mineros
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2020) - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: PRSRF) (formerly Para Resources Inc.) (the "Company" or "Soma") announces that the Company has entered into an Off Take Agreement with Nueva Granada Gold Corp ("NG") and a Purchase and Refining Agreement (collectively the "Agreements") with MVPR International Incorporated ("MVPR") (a wholly-owned subsidiary of NG) for the mineral production at the Company's Operadora Mineras S.A.S. ("Operadora") operations in Antioquia, Colombia. The terms of the...
2020-09-09 7:11 AM EDT
Soma Gold Announces the Granting of Final Permits and the Commencement of Construction of the Balvina Cordero Portal
Vancouver, British Columbia--(Newsfile Corp. - August 19, 2020) - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: PRSRF) (formerly Para Resources Inc.) (the "Company" or "Soma") announces that the Company has received the final permit needed to start the construction of the Balvina Cordero access portal. The work has commenced and is expected to proceed quickly with initial access to the target vein in late November 2020. The development program will begin to access levels 2 and 5 and...
2020-08-19 6:15 AM EDT
Soma Gold Announces Operadora July Gold Sales of 1,204.33 Ounces
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: PRSRF) (formerly Para Resources Inc.) (the "Company" or "Soma") announces that the Company produced and sold a total of 1,204.33 equivalent ounces¹ of gold in doré during the month of July 2020, slightly ahead of budgeted sales of 1,156 AuEq ounces. The Company sold the doré bars for a total of US $2,225,765.42 or US $1,869.67 per equivalent ounce of gold, ahead of...
2020-08-05 6:30 AM EDT
Soma Completes Over Subscribed Non-Brokered Private Placement for $4.44 Million
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2020) - Soma Gold Corp. (TSXV: SOMA) (WKN: A14YF1) (OTC: PRSRF) (formerly Para Resources Inc.) (the "Company" or "Soma") announces that it has closed its non-brokered private placement (the "Private Placement") in the amount of $4,440,000. The private placement was originally announced on May 29, 2020 for $3.75 million and was over-subscribed by $690,000. The Company has issued 29,599,997 common shares and 29,599,997 share purchase warrants (each a "Warrant"). Each Warrant...
2020-07-06 6:15 AM EDT
Soma Gold Announces a Theft at the La Ye Mine in El Bagre, Colombia
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2020) - Soma Gold Corp. (TSXV: SOMA) (WKN: A14YF1) (OTC: PRSRF) (formerly Para Resources Inc.) (the "Company" or "Soma") announces that a robbery occurred at the Company's wholly owned La Ye Mine in El Bagre, Colombia, on June 10th. An armed group of individuals entered the mine site after a gold pour but before the doré was transported by helicopter to the refinery in Medellin. No employee was injured during the theft but...
2020-06-12 6:15 AM EDT
Soma Gold Announces High-Grade Gold Intercepts over Significant Vein Widths at Cordero-Balvina Northern Extension
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2020) - Soma Gold Corp. (TSXV: SOMA) (the "Company" or "Soma") is pleased to announce the assays from the first 12 diamond drill holes, representing 3,306 m of the planned 15,000 m of drilling for 2020. The program was on the Northern extension of Cordero-Balvina Target, located on its El Bagre Mining Project, which is wholly owned by the Company. Highlights include:3.05m at 18.98 g/t Au from 194.90 to 197.95 in...
2020-06-10 6:15 AM EDT
Soma Gold Corp. Closes Acquisition of 100% of the Shares of Operadora Mineras, S.A.S. in Colombia
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2020) - Soma Gold Corp (TSXV: SOMA) (WKN: A14YF1) (OTC: PRSRF) (formerly Para Resources Inc.) (the "Company" or "Soma") is pleased to announce that it has closed the acquisition of 100% of the shares of Operadora Mineras S.A.S ("Operadora") from Mineros, effective May 31, 2020. The payment of the first of US $1 million of the US $5.5 million purchase price, was made on May 29th. The second payment of US $4.5 million is due...
2020-06-04 9:40 AM EDT
Soma Gold Corp. Provides Updates on Delay in Filing Annual Financial Statements Due to COVID-19 Delays
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2020) - Soma Gold Corp (TSXV: SOMA) (WKN: A14YF1) (OTC: PRSRF) (formerly Para Resources Inc.) (the "Company" or "Soma") is announcing that it will be delaying the filing and delivery of certain of its continuous disclosure documents, in accordance with BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements of the British Columbia Securities Commission (the "Blanket Exemption Order") which was adopted for the purpose of providing certain filing and other relief to issuers in...
2020-05-29 6:15 AM EDT
Para Resources Announces Name Change to Soma Gold Corp. and a Ten for One Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2020) - Para Resources Inc. (TSXV: SOMA) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "SOMA") is pleased to announce that it has completed the previously announced share consolidation of one new share for every ten old shares (the "Consolidation") and a concurrent name change to Soma Gold Corp., with a new trading symbol of TSXV:SOMA. The Company also announces that it has arranged a non-brokered private placement (the "Private Placement") for total gross...
2020-05-08 6:15 AM EDT
Para Resources Announces Change to the Definitive Agreements for the Purchase of Operadora, from Mineros in Colombia
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2020) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") announces that the Definitive Agreements ("Agreement") executed on March 25th, 2020, with Mineros, S.A. ("Mineros"), the Seller of certain shares ("Shares") of Operadora Minera S.A.S. ("Operadora"), a simplified stock corporation (sociedad por acciones simplificada), organized and existing under the Laws of Colombia and the Mining Title of Nechi, the portion of the Mining Title of R57011 and certain other...
2020-05-06 6:15 AM EDT
Para Resources Announces Definitive Agreements for the Purchase of Operadora, from Mineros in Colombia, Convertible Debt Financing, Share Consolidation and Name Change
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2020) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") announces it has entered into Definitive Agreements ("Agreement") with Mineros, S.A. ("Mineros") to acquire 100% of its wholly owned subsidiary Operadora Mineras S.A.S. ("Operadora") for US$5.5 million. Operadora owns 100% of the La Ye Gold Operations and associated mineral rights. During its due diligence enquiries Para was able to confirm, based on financial statements audited by Deloitte and...
2020-04-16 10:55 AM EDT
Para Resources Announces Delay in Filing Under COVID-19 Duress
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2020) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") announces that due to circumstances created by the COVID-19 pandemic, the British Columbia Securities Commission and other members of the Canadian Securities Administrators granted "Issuers" in the Canadian securities industry up to an additional 45 days, to complete year-end statutory filings. The Company does not believe that it will be able to file its December 31, 2019 audited annual...
2020-04-09 1:32 PM EDT
Aura Completes Acquisition of Gold Road Project from Para
Road Town, British Virgin Islands and Vancouver, British Columbia--(Newsfile Corp. - March 30, 2020) - Aura Minerals Inc. (TSX: ORA) ("Aura") and Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) ("Para") are pleased to announce that, further to the joint press releases issued by Aura and Para on February 10, 2020 and March 9, 2020, Aura completed the purchase of all of the issued and outstanding shares of Para's wholly-owned subsidiary Z79 Resources, Inc. ("Z79") (the "Share Purchase")...
2020-03-30 7:00 AM EDT
Aura Enters into Definitive Agreements for Purchase of Gold Road Project from Para
Road Town, British Virgin Islands and Vancouver, British Columbia--(Newsfile Corp. - March 9, 2020) - Aura Minerals Inc. (TSX: ORA) ("Aura") and Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) ("Para") announce that they have entered into a definitive share purchase agreement (the "Share Purchase Agreement") pursuant to which Aura will purchase from Para all of the issued and outstanding shares of its wholly-owned subsidiary Z79 Resources, Inc. ("Z79"), which transaction was previously contemplated by a term sheet announced...
2020-03-09 12:29 PM EDT
Para Resources Announces Focus on South America
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2020) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") announces that the focus will be on the Company's Colombia assets and other opportunities in South America. As such, the Company announces that Mr. Javier Cordova has been appointed by the Board of Directors to serve as the President & CEO of the Company. C. Geoffrey Hampson has resigned as the Chief Executive Officer, Ian Harris has...
2020-02-19 6:15 AM EST
Aura Agrees to Purchase Gold Road Mine and Related Transactions with Para
Road Town, British Virgin Islands and Vancouver, British Columbia--(Newsfile Corp. - February 10, 2020) - Aura Minerals Inc. (TSX: ORA) ("Aura") and Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) ("Para") announce that they have entered into a binding term sheet (the "Term Sheet") along with PPG Arizona Holdings LP ("PPG"), an affiliate of Pandion Mine Finance, LP, pursuant to which Aura will purchase from Para all of the issued and outstanding shares of its wholly-owned subsidiary Z79 Gold...
2020-02-10 9:14 AM EST