Aranjin Announces Completion of Debt Settlement and Conversion of Debenture Interest
Ulaanbaatar, Mongolia--(Newsfile Corp. - October 2, 2023) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") is pleased to announce that further to its press release dated August 16, 2023, it has completed the previously announced debt settlement and conversion of accrued interest on convertible debentures ("Debentures") held by Steppe Gold Ltd. ("Steppe") into common shares ("Shares") of the Company.The Company has issued 9,883,163 Shares at a deemed price of $0.055 per Share...
2023-10-02 8:45 AM EDT
Aranjin Resources Announces Corporate Update: Exploration Update, Debenture Conversions, Debt Settlement and Board Changes
Ulaanbaatar, Mongolia--(Newsfile Corp. - August 16, 2023) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") is pleased to provide an update on recent and upcoming developments at the Company.With the successful completion of the upsized recent private placement, the Company is pleased to announce the conversion of outstanding debentures and settlement of outstanding debt to simplify the balance sheet. This will reduce the debt burden and allow investment capital to be...
2023-08-16 7:30 AM EDT
Aranjin Resources Completes Private Placement
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 21, 2023) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") announces that it has completed its previously announced non-brokered private placement of 53,782,668 units of the Company ("Units") at a price of $0.02 per Unit, for aggregate gross proceeds of approximately $1,075,653 (the "Offering"). Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant").Each Warrant will...
2023-07-21 8:00 AM EDT
Aranjin Announces Upsize of Previously Announced Non-Brokered Private Placement
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 13, 2023) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company") is pleased to announce that due to interest from potential investors its previously announced non-brokered private placement has been increased by $100,000 to up to an aggregate total of 55,000,000 units of the Company (the "Units") at an offering price of $0.02 per unit, for gross proceeds of up to $1,100,000 (the "Private Placement"). Each Unit will comprise one common share of the...
2023-07-13 8:30 AM EDT
Aranjin Resources Ltd. Announces Private Placement
Ulaanbaatar, Mongolia--(Newsfile Corp. - June 12, 2023) - Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin Resources" or the "Company"), is pleased to announce a non-brokered private placement of up to $1,000,000 (the "Private Placement") through the sale of units of the Company (the "Units") at a price of $0.02 per Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant with each warrant exercisable for one common share at a price of $0.05...
2023-06-12 8:30 AM EDT
Aranjin Resources Provides Shareholder Update
Ulaanbaatar, Mongolia--(Newsfile Corp. - March 22, 2023) - Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin") provides a shareholder update on its Mongolian projects.The Company had a relatively quiet fourth quarter in 2022 as it considered plans for an active drilling campaign in 2023 and it has been speaking to existing shareholders and strategic investors concerning potential capital solutions for the upcoming year.As foreshadowed in the press releases during 2022, the focus of the Company...
2023-03-22 8:00 PM EDT
Aranjin Announces the Victory Copper Nickel Discovery
Ulaanbaatar, Mongolia--(Newsfile Corp. - August 25, 2022) - Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin" or the "Company") is very pleased to announce that it has completed an initial program of follow up auger geochemical drilling at the Baavhai Uul Copper Project in southern Mongolia in which it holds an 80% interest. This work has highlighted a significant copper nickel discovery at the "Victory Copper Nickel Discovery" under very shallow alluvial cover.Highlights814 auger geochemical...
2022-08-25 8:57 AM EDT
Aranjin to Extend Term of Outstanding Convertible Debenture
Ulaanbaatar, Mongolia--(Newsfile Corp. - August 2, 2022) - Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin" or the "Company") announces that the Company will be extending the maturity date of the $1,814,400 principal amount unsecured convertible debenture (the "Debenture") issued on August 10, 2021, and convertible into common shares of the Company at a price of $0.055 per share. The Debenture was issued pursuant to a private placement which closed on August 10, 2021. The Company proposes to...
2022-08-02 7:36 PM EDT
Aranjin Commences Exploration at the Baavhai Uul Copper Nickel Discovery
Ulaanbaatar, Mongolia--(Newsfile Corp. - May 4, 2022) - Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin") is very pleased to announce that it has commenced an extensive program of follow up auger geochemical drilling at the new Baavhai Uul Copper Nickel Discovery, further to the recently announced reciprocal exploration agreement with ION Energy.HighlightsExploration programs underway with follow up auger geochemical drilling confirming and further highlighting the copper nickel discoveries.Up...
2022-05-04 8:45 AM EDT
Aranjin Resources Announces Approval by TSXV of Agreement for Reciprocal Exploration with Ion Energy Ltd.
Ulaanbaatar, Mongolia--(Newsfile Corp. - April 14, 2022) - Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin") is very pleased to announce that the TSX Venture Exchange has approved the previously announced (see Press Release dated February 1, 2022) agreement between ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION") and Aranjin whereby the parties granted one another reciprocal exploration rights on their respective exploration licences within Mongolia.Both ION and Aranjin will...
2022-04-14 5:00 PM EDT
Aranjin Resources Announces Joint Venture on New Mongolian Copper & Nickel Discovery
Ulaanbaatar, Mongolia--(Newsfile Corp. - February 1, 2022) - Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin") is very pleased to announce that it has have entered into a term sheet agreement (the "Term Sheet") which sets out the terms for an exploration joint venture with ION Energy Ltd (the "Joint Venture"). The Joint Venture will consist of both Parties granting one another reciprocal exploration rights on their respective exploration licences within Mongolia.Both ION and Aranjin will...
2022-02-01 9:00 AM EST
Aranjin Resources Announces Promising Drilling Results at the Sharga Copper Project
Ulaanbaatar, Mongolia--(Newsfile Corp. - December 14, 2021) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") is very pleased to announce results from the recent drilling at the Sharga Copper Project ("Sharga" or "Project"). Highlights:First drilling program completed with results now received for all drill holes and Phase 2 follow up drilling planned.Highly encouraging early results from six initial drill holes with a best result of 15.4 meters at 1.33% Copper and...
2021-12-14 9:00 AM EST
Aranjin Resources Announces Closing of Acquisition of Sharga Copper Project
Ulaanbaatar, Mongolia--(Newsfile Corp. - September 3, 2021) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") is pleased to announce the closing of the acquisition of the Sharga Copper Project (the "Sharga Project" or "Project"). The Company has acquired the Project through the purchase of all of the issued and outstanding equity interests in the Mongolian company that is the 100% owner of the Sharga Project. As consideration for the acquisition, the Company paid a...
2021-09-03 4:22 PM EDT
Aranjin Resources Completes Financing for Sharga Copper Project Acquisition
Ulaanbaatar, Mongolia--(Newsfile Corp. - August 10, 2021) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") announces that it has closed, in escrow, its previously announced US$1.5 million unsecured convertible debenture financing to be used to fund the cash portion of the acquisition consideration for the purchase of the Sharga Copper Project in Mongolia. The debenture has a term of 12 months and bears interest at a rate of 15% per annum to be accrued and paid at...
2021-08-10 4:46 PM EDT
Aranjin Resources Provides Update on Acquisition of Sharga Copper Project
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 19, 2021) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") is pleased to provide an update on its proposed acquisition of the highly prospective Sharga Copper Project (the "Sharga Project" or "Project") previously announced by the Company on May 19, 2021. The completion of the acquisition remains on track. The Company has received conditional approval of the acquisition from the TSXV Venture Exchange ("TSXV") and is in...
2021-07-19 4:15 PM EDT
Aranjin Resources Announces Successful Ongoing Warrant Exercise
Ulaanbaatar, Mongolia--(Newsfile Corp. - June 17, 2021) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") is pleased to announce the exercise of an aggregate of 26,441,666 outstanding common share purchase warrants issued as part of the private placement financing completed in two tranches on June 10 and July 3, 2020. The exercises made to date have resulted in aggregate proceeds to date of $1,322,083.Other holders of warrants issued under the second tranche and...
2021-06-17 8:00 AM EDT
Aranjin Resources Announces Acquisition of Sharga Copper Project
Ulaanbaatar, Mongolia--(Newsfile Corp. - May 19, 2021) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") is pleased to announce that it has entered into an agreement to acquire the highly prospective Sharga Copper Project (the "Sharga Project" or "Project"). The Sharga Project is located in the Gobi Altai region of Mongolia near the Chinese border and is comprised of one Mineral Exploration Licence covering over 9,000 hectares. The Sharga Project is located in the...
2021-05-19 7:30 AM EDT
Aranjin Resources Announces Drilling Program and Resignation of Director
Ulaanbaatar, Mongolia--(Newsfile Corp. - February 24, 2021) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") is pleased to announce the commencement of drilling program at its Bayan Undur ("BU") project. Over $10m worth of historical drilling and associated analysis at the BU project has now been reviewed. As a result of this analysis, the Company plans to start with one deep hole at a highly targeted area of the BU project in April 2021. The BU project...
2021-02-24 10:17 AM EST
Aranjin Resources Announces Final Closing of Bayan Undur Licenses Acquisition and Debt Settlement
Ulaanbaatar, Mongolia--(Newsfile Corp. - October 30, 2020) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") is pleased to announce that it has now completed the previously announced acquisition of four mining licenses comprising the Bayan Undur ("BU") project located in Bayankhongor province, Mongolia. The Company acquired all of the shares of BK Mining LLC , which is the indirect 100% owner of the BU project, for nominal cash consideration. The Company was able to favorably...
2020-10-30 6:19 PM EDT
Aranjin Resources Announces Issuance of Options
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 24, 2020) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") announces that the board of directors of the Company has approved the grant of 9,750,000 stock options to certain directors, officers, employees and consultants pursuant to the Corporation's Stock Option Plan. The options vest on the date of grant, expire two years from the date of grant and are exercisable at a price of $0.05 per common share.On behalf of the...
2020-07-24 9:00 AM EDT