MegumaGold Completes Acquisition of Osprey Gold, Creating a Premier Canadian Gold Exploration and Development Company
Nova Scotia and Vancouver, British Columbia--(Newsfile Corp. - September 14, 2020) - MegumaGold Corp. (CSE: NSAU) (OTC PINK: NSAUF) (FWB: 2CM2) ("MegumaGold" or the "Company") is pleased to announce that it has completed its previously announced plan of arrangement (the "Arrangement") acquiring all of the issued and outstanding common shares of Osprey Gold Development Ltd. ("Osprey").The Arrangement creates a leading Nova Scotia focused gold development and exploration company with a...
2020-09-14 7:30 AM EDT
Osprey Gold Shareholders Overwhelmingly Approve Arrangement with MegumaGold
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2020) - Osprey Gold Development Ltd. (TSXV: OS) ("Osprey" or the "Company") is pleased to announce that with respect to its special meeting of shareholders held today (the "Meeting"), all of the resolutions were duly passed, including the special resolution (the "Arrangement Resolution") to approve the proposed plan of arrangement, pursuant to which MegumaGold Corp. (CSE: NSAU)("Meguma") will acquire all of the Company's outstanding...
2020-09-04 4:15 PM EDT
Osprey and Meguma Announce Receipt of Interim Order and Filing Management Circular for Special Meeting
British Columbia and Halifax, Nova Scotia--(Newsfile Corp. - August 14, 2020) - Osprey Gold Development Ltd. (TSXV: OS) ("Osprey") and MegumaGold Corp. (CSE: NSAU) (OTC Pink: NSAUF) (FSE: 2CM2) ("MegumaGold") today announced that Osprey has obtained an interim order from the Supreme Court of British Columbia for its proposed plan of arrangement, previously announced on March 23, 2020 and June 10, 2020, pursuant to which MegumaGold will acquire all of Osprey's outstanding common shares in...
2020-08-14 5:10 PM EDT
Osprey and MegumaGold Provide Operations and Exploration Update
Nova Scotia and Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - MegumaGold Corp. (CSE: NSAU) (OTC PINK: NSAUF) (FWB: 2CM2) ("MegumaGold") and Osprey Gold Development Ltd. (TSXV: OS) ("Osprey") are pleased to provide the following update on their corporate operations and exploration-related activities.As Meguma and Osprey work toward finalizing the previously announced plan of arrangement (see joint news release dated June 10, 2020), management and technical teams from both...
2020-08-10 7:30 AM EDT
Osprey Appoints New CFO and Corporate Secretary
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2020) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTC Pink: OSSPF) (the "Company" or "Osprey") is pleased to announce the appointment of Samantha Shorter replacing Jasmine Lau as the Company's Chief Financial Officer and Corporate Secretary effective July 30, 2020. Ms. Lau will remain available to the Company from time to time while focusing on personal matters.Ms. Shorter has over a decade of experience in providing reporting, assurance...
2020-07-30 4:15 PM EDT
MegumaGold and Osprey Gold Sign Definitive Agreement for Plan of Arrangement to Create a Leading Precious Metals Exploration Company in Nova Scotia
Nova Scotia and Vancouver, British Columbia--(Newsfile Corp. - June 10, 2020) - MegumaGold Corp. (CSE: NSAU) (OTCQB: NSAUF) (FWB: 2CM2) ("MegumaGold") and Osprey Gold Development Ltd. (TSXV: OS) (OTCQB: OSSPF) ("Osprey") are pleased to announce that, further to their joint press release on March 23, 2020, the companies have entered into a definitive agreement (the "Arrangement Agreement") to merge their respective businesses pursuant to a plan of arrangement (the "Transaction") to create a...
2020-06-10 7:35 AM EDT
Osprey Completes Share Issuance for Completion of Option Payment on Goldenville Gold Property
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2020) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") announces that, further to the Company's news release dated March 30, 2020, it has received TSX Venture Exchange ("TSXV") acceptance for the issuance of 3,500,000 common shares of the Company (the "Shares") at a deemed price of $0.05 per Share in satisfaction of all remaining 2020 option payments owing under the Company's option agreement on its...
2020-05-26 4:45 PM EDT
Osprey to Settle Option Payments for Goldenville Gold Property
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2020) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to report settlement of all remaining option payments owing in 2020 under the Company's option agreement on its Goldenville gold property located in Nova Scotia (the "Goldenville Property") through the issuance of common shares of the Company (the "Debt Settlement"). Pursuant to the Debt Settlement, the Company would issue 3,500,000...
2020-03-30 4:30 PM EDT
MegumaGold and Osprey Gold to Combine, Creating a Leading Precious Metals Exploration Company in Nova Scotia
Nova Scotia and Vancouver, British Columbia--(Newsfile Corp. - March 23, 2020) - MegumaGold Corp. (CSE: NSAU) (OTCQB: NSAUF) (FSE: 2CM2) ("MegumaGold") and Osprey Gold Development Ltd. (TSXV: OS) ("Osprey") are pleased to announce that they have entered into a letter agreement (the "Agreement") pursuant to which MegumaGold would acquire 100% of the issued and outstanding shares of Osprey via a business combination (the "Transaction"). The proposed Transaction would provide shareholders of...
2020-03-23 5:27 PM EDT
Osprey Expands Mineralization With Additional Broad Intervals Of Disseminated Gold At Goldenville Project, Nova Scotia
Vancouver, British Columbia--(Newsfile Corp. - March 11, 2020) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to announce assay results from the final five holes of its 13 hole drill program at the Company's Goldenville Property, located in Guysborough County, Nova Scotia. Four holes returned elevated gold values, successfully identifying significant near-surface, disseminated style gold mineralizationHole G19-23 encountered multiple zones of...
2020-03-11 8:39 AM EDT
Osprey Drilling Demonstrates Strike Length of More than 500 Meters of Disseminated Gold Mineralization at Mitchell Lake Zone, Including 13.0 M of 1.05 G/t Gold
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2020) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to announce assay results from its diamond drill program at the Mitchell Lake Zone of the Company's Goldenville Property located in Guysborough County, Nova Scotia. A total of 646 metres ("m") in five holes were drilled across approximately 300 m of strike length; all five holes successfully intersected near surface zones of...
2020-02-26 8:30 AM EST
Initial Drill Assay Results at Osprey Gold's Goldenville Project Return 269.15 g/t Gold over 2.0 M
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to announce assay results from the first 3 holes of its 13 hole, 2,003 metre ("m") drill program at the Company's Goldenville Property, located in Guysborough County, Nova Scotia.All three holes returned elevated gold values, including hole G19-18 which returned 2.0 m of 269.15 grams per ton gold ("g/t Au") Hole G19-16 and G19-17 both...
2020-01-30 8:45 AM EST
Osprey Closes Flow-through Private Placement to Extend Exploration at Goldenville Gold Project
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2019) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (the "Company" or "Osprey") is pleased to announce closing of a non-brokered private placement of 1,071,500 flow-through units (FT Units) at a price of $0.07 per FT Unit for proceeds of $75,005.Each FT Unit consists of one common share and one half of one share purchase warrant, entitling the holder to purchase an additional common share at a price of $0.12 per share for a...
2019-12-30 4:15 PM EST
Osprey Provides Progress Update for Ongoing Diamond Drill Program at the Goldenville Gold Project, Nova Scotia
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2019) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to provide an update on the ongoing diamond drill program currently underway at the Goldenville Gold Project near Sherbrooke, Nova Scotia. Approximately 1,100 metres have been completed in 6 holes, with all drilling to date testing resource expansion
2019-12-16 9:03 AM EST
Osprey Announces Mobilization for Diamond Drill Program at Goldenville Gold Project, Nova Scotia
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2019) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to announce mobilization has begun in advance of it's 2019 drilling and field program at the Goldenville Gold Project ("Goldenville") in Nova Scotia. Goldenville is located within the Meguma Terrane, less than 20 kilometres from St. Barbara Limited's
2019-11-15 8:50 AM EST
Osprey Conducts Additional Geophysical Survey in Advance of Drilling at Goldenville Gold Project, Nova Scotia
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2019) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to announce it has initiated an additional high-resolution unmanned aerial vehicle ("UAV") magnetic geophysical survey at the Goldenville Gold Project ("Goldenville") in Nova Scotia. This additional survey will cover the western portion of the project and
2019-09-26 9:03 AM EDT
Osprey Completes Magnetics Survey at Goldenville Project, Deliniating Priority Drill Targets
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2019) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to announce it has completed a high-resolution unmanned aerial vehicle ("UAV") magnetic geophysical survey over the Goldenville Gold Project ("Goldenville") in Nova Scotia, located within the Meguma Terrane which hosts St. Barbara's recently acquired Moose River Consolidated Project (formerly A
2019-09-05 9:03 AM EDT
Osprey Closes Oversubscribed Private Placement for Proceeds of $1,079,000
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2019) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to report that it has closed its previously announced non-brokered private placement (the "Private Placement") (see news releases dated June 20, 2019 and July 25, 2019) of 21,580,000 units ("Units") at a price of $0.05 per Unit, for aggregate proceeds of $1,079,000.Each Unit consists of one common share and one share purchase warrant...
2019-08-13 4:15 PM EDT
Osprey Increases Private Placement for Proceeds of up to $1,079,000
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2019) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to announce that the non-brokered private placement offering of up to $750,000 in flow through and non flow through units previously announced in the Company's news release of June 20, 2019 (the "Private Placement") has been amended and increased to up to 21,580,000 non flow through units (the "Non FT Units") at $0.05 per unit for gross...
2019-07-25 4:15 PM EDT
Osprey Announces Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2019) - OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to announce that it intends to complete a non-brokered private placement of up to of 7,500,000 units ("Units") at a price of $0.05 per Unit and up to 5,000,000 flow-through units ("FT Units") at a price of $0.075 per FT Unit for aggregate proceeds of up to $750,000. Each Unit will consist of one common share...
2019-06-20 8:33 AM EDT