Para Resources Signs Binding Agreement for Purchase of Operadora Including El Bagre Gold Operation from Mineros S.A. in Colombia
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2020) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that Colombia Milling Ltd. ("CML") a wholly owned subsidiary of the Company has entered into a binding letter of intent (the "Agreement") with Mineros, S.A. ("Mineros") to acquire 100% of the shares of Operadora Mineras S.A.S. ("Operadora") for U
2020-01-10 7:15 AM EST
Para Resources Announces $5,000,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: 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$5,000,000. The Private Placement will consist of up to 50,000,000 units at a price of C$0.10 per unit (each a "Unit"). Each Unit is comprised of one common share of the Company and one common...
2019-12-30 11:53 AM EST
CORRECTION FROM SOURCE: Para Resources Announces Self-Operation at the Gold Road Mine
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2019) - With reference to today's press release, Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") announces the termination of the contract mining agreement with Clark Construction and the transition to self-operation of the mining operations of the Gold Road Mine. The company would like to clarify that the decision to self-operation and hence, the termination of the contract mining agreement was based solely on management's strategy to...
2019-11-25 4:42 PM EST
Para Resources Announces Self-Operation at the Gold Road Mine
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") announces the termination of the contract mining agreement with Clark Construction and the transition to self-operation of the mining operations of the Gold Road Mine. Clark Construction consistently failed to achieve the projected staffing, equipment availability, and as a result, the mine was not meeting the production plan. Mining costs were therefore higher than the Company felt they...
2019-11-25 7:15 AM EST
Para Resources Announces First Dore Pour at the Gold Road Mine
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that on November 5, 2019, the Gold Road Project successfully smelted and poured a 380.0 ounce doré bar containing 220.8 ounces of gold. Figure 1To view an enhanced version of Figure 1, please visit:
2019-11-07 7:15 AM EST
Gold Road Production on Track
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that, in anticipation of the October 23rd start-up of the mill, the Gold Road mine shifted from focusing on extending and deepening the main accesses of the mine to stope development in 6 faces in the mine. During the month, the mine steadily increased the daily haulage of mineralized rock to surface, resulting...
2019-11-01 3:59 PM EDT
Para Announces Closing of $510,000 in Third Tranche Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that it has closed $510,000 in the third tranche of the previously announced Private Placement of Units. The Company has issued 5,100,000 Common Shares and 5,100,000 share purchase warrants (each a "Warrant"). This brings the total raised in the first three tranches of this Private Placement to 95,448,706 Shares and 95,448,706 warrants for total...
2019-10-25 3:57 PM EDT
Para Resources Announces Start of the Gold Road Mill
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce the successful start of the Gold Road mill and CIL plant on October 23rd, with expected doré production to begin in early November. During an extended circuit test in Q1 of 2019, the mill and plant operated as planned and achieved doré production at the benchmark gold recovery rate of 95%.Since the beginning...
2019-10-24 8:19 AM EDT
Para Announces Closing of $1,570,000 in Second Tranche Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2019) - Para Resources Inc.(TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that it has closed $1,570,000 in the second tranche of the previously announced Private Placement of Units. The Company has issued 15,700,000 Common Shares and 15,700,000 share purchase warrants (each a "Warrant"). This brings the total raised in the first two tranches of this Private Placement to 90,348,706 Shares and 90,348,706 warrants for total combined...
2019-10-08 1:42 PM EDT
Para Announces Closing of $7,464,870 in First Tranche Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (the "Company" or "Para") is pleased to announce that it has closed $7,464,870 in the first tranche of the previously announced Private Placement of Units at $0.10 per Unit. The Company has issued 74,648,706 Common Shares and 74,648,706 share purchase warrants (each a "Warrant"). Each Warrant entitles the holder to acquire one common share of the Company for a period of 2...
2019-09-27 3:46 PM EDT
Phase 1 Drilling Program on Tr-Ue Vein in Oatman, Az
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC PINK: PRSRF) (the "Company" or "Para") is pleased to announce the initial certified assay results of the phase 1 drilling program on the Tr-Ue vein started this summer. The Tr-Ue vein forms a part of the Gold Road claims and is approximately 1.6 kms from the Gold Road mill on a paved highway.
2019-09-17 6:15 AM EDT
Para Resources Announces $10,000,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2019) - 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$10,000,000. The Private Placement will consist of up to 100,000,000 units at a price of C$0.10 per unit (each a "Unit
2019-09-16 6:10 AM EDT
Para Resources Provides a Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to provide an update on operations as follows:Gold RoadGold Road has completed 245 feet of development raise and incline to complete excavation of the new secondary escape route from the lowest levels of the mine as per the Mine Safety Health Administration (MSHA) request. Work continues on lining and landings to finalize this project by...
2019-08-22 6:15 AM EDT
Para Resources Clarifies Corporate Update News Release from June 20, 2019
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") at the request of IIROC is issuing this news release to clarify the disclosure it included in its June 20, 2019 news release. The previous news release omitted to include cautionary language as it relates to the Company's production plans for its projects that are not supported by a preliminary feasibility or feasibility study, and without first...
2019-06-24 5:14 PM EDT
Para Resources Provides a Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2019) - Para Resources, Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to provide an update on operations as follows:Gold RoadGold Road received approval from Mine Safety and Health Administration ("MSHA") for a new secondary escape route from the lowest levels of the mine.In Q2 of F2019 development advanced 614 ft in mineralized rock and waste with 425 tons of rock containing 39.5 ounces of gold brought...
2019-06-20 6:15 AM EDT
Para Resources Announces Closing of Its Non-Brokered Private Placement and a Change to the Mining Plan and Production Planning at Gold Road
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce that it has closed the Company's previously announced non-brokered private placement (the "Offering"). Pursuant to the Offering, the Company has issued 29,591,788 units of the Company (the "Units") at a price of C$0.18 per Unit for gross proceeds to the Company of approximately C$5,326,522. Each Unit consists of one common share of Para...
2019-05-02 6:15 AM EDT
Para Resources Announces Drilling Program on the Tr-Ue Vein in Oatman Arizona and Private Placement Extension
Vancouver, British Columbia--(Newsfile Corp. - April 10, 2019) - Para Resources, Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") announces an initial exploration plan for the Tr-Ue Vein near Oatman, Arizona and approximately 1.5 miles from the Gold Road mill and mine. The program, anticipated to begin in May, will start with the first phase of approximately 5 holes totaling 3,750 feet in conjunction with a geophysics program to orient future drilling. The program focuses...
2019-04-10 6:15 AM EDT
Para Resources Announces a Successful Test Pour of Gold at the Gold Road Mine
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the "Company" or "Para") is pleased to announce the successful testing of the full CIP circuit at Gold Road Mine in Oatman, AZ, including a test pour of gold. A forty (40) ounce doré bar was poured on March 11th, 2019 from the initial carbon strips after the entire plant was balanced. The full circuit of mining, crushing, grinding, leaching, electrowinning...
2019-03-13 6:15 AM EDT
Para Resources Announces the Start Up of the Gold Road Mill
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2019) - Para Resources Inc. (the "Company" or "Para") (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) is pleased to announce the successful re-start of the Gold Road mill and CIL plant. Low-grade inventory is being used for the initial feed in order to properly balance the system. Higher grade production from current mining faces will be fed to the plant once steady state conditions are achieved, expected within several weeks. The full circuit,...
2019-02-28 1:54 PM EST
Para Resources Announces $5,000,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 20, 2019) - 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$5,000,000. The Private Placement will consist of up to 27,777,778 units at a price of C$0.18 per unit (each a "Unit"). Each Unit is comprised of one common share of the Company and one-half of one...
2019-02-20 6:15 AM EST