Para Starts Mining at Gold Road Mine in Oatman, Arizona
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that underground mining has commenced at the Company's Gold Road Mine in Oatman, Arizona. The initial plant production target is 250 TPD, ramping up to full capacity of 500 TPD in Q2 2019. Mineralized rock is being stockpiled on the patio at the mill site. The mill will begin operations by the middle...
2019-02-05 6:15 AM EST
Para Signs Target Pricing Contract Mining Agreement for Gold Road Mine
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that effective January 1, 2019, it has entered into a Final Services Agreement with Clark Construction Group, LLC ("Clark"), a Maryland, limited liability company whereby Clark will provide contract mining services at the Company-owned, Gold Road Mine in Oatman, AZ. The contract transitions from the original "time...
2019-01-10 6:15 AM EST
Para Announces Results of AGSM
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that all matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, both dated November 6, 2018, were approved by the requisite majority of votes with 69.7% of eligible votes cast at the Company's Annual General and Special Meeting ("AGSM") held on...
2018-12-19 4:32 PM EST
Para Signs Agreement for Contract Mining at Gold Road Mine
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that effective November 7th 2018, it has entered into a Services Agreement with Clark Construction Group, LLC ("Clark"), a Maryland, limited liability company which will provide contract mining services at the Company owned, Gold Road Mine in Oatman, AZ. The contract is initially on a "time and materials" basis but...
2018-11-15 6:15 AM EST
Para Provides a Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2018) - Para Resources Inc.(TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to provide the following updates to the current operations:Gold Road Mine, Oatman ArizonaPara is in final negotiations with a world-class underground mining contractor for the operation of the Gold Road mine. Mobilization will begin in November with the first crews beginning works by mid-November.Work is ongoing to update the...
2018-10-30 6:25 AM EDT
CORRECTION FROM SOURCE: Para Provides a Corporate Update
Q4 2018" instead of "Q4 2019". Vancouver, British Columbia--(Newsfile Corp. - September 6, 2018) - Para Resources Inc. (TSXV: PBR) (FSE: 8PR) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to provide...
2018-09-06 10:58 AM EDT
Para Provides a Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2018) - Para Resources Inc. (TSXV: PBR) (FSE: 8PR) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to provide the following updates to the current operations:El Limon Mine, Zaragoza, ColombiaThe rehabilitation and construction of the upgraded El Limon Mill was completed in March 2018The commissioning of the mill has now been completed with maximum throughput at 240 TPD and recoveries at 87.5%The installation is underway for a...
2018-09-06 6:15 AM EDT
Para Closes C$18.8 Million (US $14.45 Million) Pre-Paid Forward Gold Purchase Financing with PPG Arizona Holdings LP
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that it, along with its subsidiaries, Z79 Gold (USA) Corp. and Gold Road Mining Corp. has entered into a pre-paid forward gold purchase agreement dated August 3, 2018 (the "PPG Agreement"), with PPG Arizona Holdings LP, an entity affiliated with Pandion Mine Finance LP ("Pandion"). The letter of intent preceding the...
2018-08-14 6:21 AM EDT
Para Announces US $16.6 Million Letter of Intent with Pandion Mine Finance, LP
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that it has signed a non-binding Letter of Intent with Pandion Mine Finance, LP ("Pandion") for a financing of US $16.6 million via a Prepaid Forward Gold Purchase Agreement (the "Purchase Agreement"). This Letter of Intent sets out indicative terms on which Pandion or any of its designated affiliates proposes, subject...
2018-07-17 6:24 AM EDT
Para Announces Restructuring of Shareholders' Loans into a 5 Year Convertible Subordinated Note
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that it has signed a Term Sheet with Conex Services Inc. and Conterra Construction, Inc., both controlled by an Insider of the Company, whereby all outstanding loans and accrued interest, previously made to Para and to its subsidiary Gold Road Mining Corp. (or other subsidiaries), are being re-structured into a...
2018-07-11 6:20 AM EDT
Para Announces Closing of $3,729,800 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that it has closed the Private Placement announced on May 24, 2018 in a third tranche of $315,000 or 1,575,000 units. Under all three tranches, the Company has issued 18,649,000 Common Shares and 18,649,000 share purchase warrants (each a "Warrant"). Each Warrant entitles the holder to acquire one common share of the...
2018-07-10 6:25 AM EDT
Para Announces Closing of $605,000 in Second Tranche Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that it has closed $605,000 in the second tranche of the previously announced Private Placement of Units. The Company has issued 3,025,000 Common Shares and 3,025,000 share purchase warrants (each a "Warrant"). This brings the total raised in the first two tranches of this Private Placement to 17,074,000 Shares and...
2018-06-29 6:30 AM EDT
Para Releases Request for Proposals for Contract Mining at Gold Road Mine in Arizona
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that Requests for Proposal ("RFP") have been sent out to seven qualified contract mining bidders for the mining contract at the Company's Gold Road Mine in Northwest Arizona. The RFPs requested that bidders provide pricing and terms for mining and extracting 500 TPD in a combination of shrinkage stopping and Alimak...
2018-06-20 6:15 AM EDT
Para Announces First Closing of $2.81 Million in First Tranche Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that it has closed $2.81 million in the first tranche of the previously announced Private Placement of Units. The Company has issued 14,049,000 Common Shares and 14,049,000 share purchase warrants (each a "Warrant"). Each Warrant entitles the holder to acquire one common share of the Company for a period of 3 years at a...
2018-06-05 6:45 AM EDT
Para Resources Announces Government Approval of First Formalization Agreements for Small Miners in Zara Concessions
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that three formalization agreements have been approved by the government of Antioquia in Colombia, paving the way for the implementation of legal and responsible small-scale mining operations on the company held Zara concessions. Of the three contracts, two for underground operations including the Alacran and Diamantina...
2018-05-31 6:15 AM EDT
Para Resources Announces El Limón Near Mine Drilling Results at Casino Afuera Sector
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce its near mine drilling program ended in January 2018 and assays were delivered only in April 2018 by the laboratory.As reported in the Company's news release from November 16th, 2017, the main objective of the program carried out at Casino Afuera Sector in the Northern extension of El Limón Mine, was to twin...
2018-05-29 6:15 AM EDT
Para Resources Announces $6,400,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that it has arranged a non-brokered private placement (the "Private Placement") for total gross proceeds of up to C$6,400,000. The Private Placement will consist of up to 32,000,000 units at a price of C$0.20 per unit (each a "Unit"). Each Unit is comprised of one common share of the Company and one common...
2018-05-24 6:15 AM EDT
Para Appoints Javier Cordova Unda, Former Minister of Mines for Ecuador, as Special Advisor for Business Development
Vancouver, British Columbia--(Newsfile Corp. - May 10, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF") (the "Company" or "Para") is pleased to announce that Javier F. Cordova Unda, until recently the Minister of Mines for Ecuador, has been appointed as Special Advisor for Business Development. Javier Cordova Unda was the first Minister of Mining of Ecuador serving from February 13, 2015 until January 30, 2018. One of his main objectives was to strengthen the...
2018-05-10 6:20 AM EDT
Para Resources Announces Positive Preliminary Economic Assessment for the Gold Road Mine
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2018) - Para Resources Inc. (the "Company" or "Para") (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF") is pleased to announce the results of an independent Preliminary Economic Assessment study ("PEA") under National Instrument 43-101 ("NI 43-101") by RPM Global on the Gold Road mine, in Oatman, Az. The PEA report will be posted to SEDAR May 2nd, 2018.Gold Road PEA Highlights2Pre-tax Net Present Value ("NPV") at a 5% discount rate of US$81.3...
2018-05-01 6:15 AM EDT
Update NI 43-101 Technical Report on Optioned Claims Covering the Tr-Ue Vein Adjacent to the Gold Road Mine
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that an NI 43-101 Technical Report entitled "2018 Technical Report on the Oatman Gold District Properties" dated April 10, 2018 and authored by James R. Guilinger, a Qualified Person under NI 43-101 has been filed on SEDAR and is available for review. The Oatman Gold District Properties include multiple option...
2018-04-11 2:39 PM EDT