Palamina Announces $2 Million Private Placement
Toronto, Ontario--(Newsfile Corp. - February 1, 2018) - Palamina Corp. (TSXV: PA) ("Palamina" or the "Company") is pleased to announce that it will conduct a non-brokered private placement offering (the "Offering") of up to 6,666,667 units ("Units") at a purchase price of $0.30 per Unit, for aggregate gross proceeds of up to $2,000,000. Each Unit consists of one common share ("Common Share") and one warrant (a "Warrant"). Each Warrant is exercisable to acquire one Common Share at a price of...
2018-02-01 8:30 AM EST
Palamina Secures 85% of the Watershed Surrounding Numerous Alluvial Gold Showings at the Gaban Gold Project
Toronto, Ontario--(Newsfile Corp. - January 29, 2018) - Palamina Corp. (TSXV: PA) has purchased the mining rights to two contiguous concessions within the Gaban Gold Project with a view to locating the source of artisanal coarse alluvial gold being mined along the Yanamayo river. By acquiring 100% of the mining rights to the Minera San Gaban and Aurifera San Gaban claims, Palamina has secured the mining rights to 85 % of an area bound on all sides by four mountain ridges where geochemical...
2018-01-29 9:00 AM EST
Palamina Increases Land Position in Puno Gold Belt
Toronto, Ontario--(Newsfile Corp. - November 20, 2017) - Palamina Corp. (TSXV: PA) through its 100% owned Peruvian subsidiary Palamina S.A.C, made application for an additional 18 claims covering 9,700 hectares in the Department of Puno. Palamina S.A.C. currently has a total of 50 mining claim applications totaling 32,600 hectares in Peru. Gaban Gold Project: A further 700 hectares were staked for a total 6,100 hectares under application. The Gaban mining claim application area sits at an...
2017-11-20 9:00 AM EST
Palamina Director Moves to Advisory Board
Toronto, Ontario--(Newsfile Corp. - November 13, 2017) - Palamina Corp. (TSXV: PA) today announced that Jose Vizquerra-Benavides has resigned from the board of directors and will continue his support as a member of Palamina's advisory board. Palamina thanks Mr Vizquerra-Benavides for his support and advice as a director and welcome him as an advisor. Mr. Alistair Waddell, a director of Palamina, has agreed to become a member of the audit committee and assume Mr. Vizquerra-Benavides...
2017-11-13 9:22 AM EST
Palamina Announces New Director Nominee and Senior Management Appointments to Expand Peruvian Discovery Team
Toronto, Ontario--(Newsfile Corp. - November 1, 2017) - Palamina Corp. (TSXV: PA) today announced the nomination of Alistair Waddell to the board of directors and appointed Donald Mc Iver and Yury Valdivieso to senior management positions. Donald McIver joins Palamina as its new V.P. of Exploration and Yury Valdivieso as Exploration Manager for Peru. Andrew Thomson, President and C.E.O. of Palamina Corp. stated, "Palamina continues to add to the discovery team with a view to defining a...
2017-11-01 7:08 PM EDT
Palamina Prioritizes Gaban and Coasa Gold Projects in Puno Orogenic Gold Belt
Toronto, Ontario--(Newsfile Corp. - October 23, 2017) - Palamina Corp. (TSXV: PA) has completed a preliminary review of five prospective gold project areas in the department of Puno, Peru, staked by the Company in January of 2017. Palamina's primary focus has been to acquire land positions in the Puno Orogenic Gold Belt (POGB), as identified by small-scale and informal hard-rock mining operations. The targeted projects have never been subject to systematic exploration or drill testing. In...
2017-10-23 9:00 AM EDT
Palamina to Focus on Puno Gold Belt in Southeastern Peru
Toronto, Ontario--(Newsfile Corp. - January 20, 2017) - Palamina Corp. (TSXV: PA) has incorporated a 100% owned Peruvian subsidiary, Palamina S.A.C. On January 19, 2017, Palamina S.A.C. acquired the application mining rights to 23,000 hectares within the Department of Puno in southeast Peru north of Lake Titicaca. The application rights were acquired to establish a presence in a highly prospective auriferous belt which measures approximately 175 kilometres by 75 kilometres. The gold belt is...
2017-01-20 3:37 PM EST