San Marco Arranges $690,000 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2020) - San Marco Resources Inc. (TSXV: SMN) announces that it has arranged a private placement of 3,000,000 units at a price of $0.23 per unit for gross proceeds of C$ 690,000. Each unit will consist of one common share and one share purchase warrant to purchase one common share for three years at a price of $0.30. No finder's fees will be payable in connection with the placement. The private placement is 100% subscribed by members of...
2020-05-15 7:45 AM EDT
San Marco Intercepts Shallow Gold at Buck Property; 91 Metres of 0.80 g/t AuEq Within 156 Metres of 0.63 g/t AuEq and 81 Metres of 0.78 g/t AuEq Within 200.7 Metres of 0.51 g/t AuEq
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2020) - San Marco Resources Inc. (TSXV: SMN) ("San Marco") is pleased to announce it has intersected wide zones of continuous gold mineralization from its recently completed Phase 1 drill program at its 100% optioned gold/silver/zinc Buck property in north-central B.C. Highlights of the Phase 1 drill program include: 91 metres of 0.80 g/t AuEq (gold equivalent, gold and silver only) within 156 metres of 0.63 g/t AuEq, including 33 metres...
2020-05-12 7:45 AM EDT
San Marco Completes Phase 1 Drilling at Buck Property, Central BC
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2020) - San Marco Resources Inc. (TSXV: SMN) ("San Marco") is pleased to announce that the previously announced Phase I diamond drilling program (March 17, 2020) has been completed at its 100% optioned gold/silver/zinc Buck property in north-central B.C. The 1,806 metre drill program was centered in an area of historic mineralization and consisted of a total of five holes, with three collared in the Horseshoe Zone and two approximately...
2020-04-08 7:30 AM EDT
San Marco Begins Drilling at Buck Property, Central BC
Vancouver, British Columbia--(Newsfile Corp. - March 17, 2020) - San Marco Resources Inc. (TSXV: SMN) ("San Marco" or the "Company") is pleased to announce that it has commenced drilling at its 100% optioned gold/silver/zinc Buck property in north central B.C. Highlights of the fully-funded Phase I drill program include: Up to 2,000 metres of HQ diamond drilling Investigate potential depth extensions of known mineralized zones Step-out drilling in areas of potential new discoveries Confirm...
2020-03-17 8:55 AM EDT
San Marco Initiates Site Preparation for Buck Drilling and Confirms Receipt of 5-Year Exploration Permit
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2020) - San Marco Resources Inc. (TSXV: SMN) confirms receipt of a 5-year, area-based exploration permit for its 100% optioned Buck gold/silver/zinc project. The permit allows for substantial drilling on the property, which will help test the known mineralized footprint, as well as outline additional targets for potential new discoveries. The fully funded Phase I drilling program will consist of approximately 2,000 metres of HQ drill...
2020-03-05 9:00 AM EST
San Marco Closes Over-Subscribed $785,000 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 20, 2020) - San Marco Resources Inc. (TSXV: SMN) announces that it has closed its over-subscribed non-brokered private placement by raising C$ 784,849.91 from the issuance of 5,813,703 units at a price of $0.135 per unit. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share for $0.20 until February 19, 2023. If, after June 19, 2020,...
2020-02-20 9:00 AM EST
San Marco Receives Further Subscriptions for $68,050 in Over-Subscribed Private Placement & Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - February 7, 2020) - San Marco Resources Inc. (TSXV: SMN) announces subscriptions for a further $68,050 in its over-subscribed non-brokered private placement to raise C$ 500,000. It has now received subscriptions totalling C$ 784,849.91 and that it has closed the subscription book. The private placement now consists of 5,813,703 units at a price of $0.135 per unit. Each unit consists of one common share and one-half of one common share purchase...
2020-02-07 4:34 PM EST
San Marco Receives Subscriptions for $716,800 in Over-subscribed Non-brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2020) - San Marco Resources Inc. (TSXV: SMN) announces that its non-brokered private placement to raise C$ 500,000 has been over-subscribed. It has received subscriptions totalling C$ 716,799.92. The private placement now consists of 5,309,629 units at a price of $0.135 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common...
2020-02-06 6:00 AM EST
San Marco Arranges $500,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - San Marco Resources Inc. (TSXV: SMN) announces that it has arranged a non-brokered private placement to raise gross proceeds of C$ 500,000. The private placement consists of up to 3,703,704 units at a price of $0.135 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share for three years at a price of $0.20. If...
2020-01-20 6:00 AM EST
San Marco to Prepare for Drilling at Its Gold/Silver/Zinc Buck Property and Announces Attendance at VRIC Conference
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2020) - San Marco Resources Inc. (TSXV: SMN) ("San Marco" or the "Company") is pleased to announce the imminent approval of a five year area-based exploration permit for the Company's Buck gold/silver/zinc property near Houston, B.C. The permit includes 30 drill sites of where multiple holes may be drilled from the same drill pad. Geophysics may be included in the initial exploration program. Phase I exploration program activities...
2020-01-16 6:00 AM EST
San Marco Revises Flow Through Share Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2019) - San Marco Resources Inc. (TSXV: SMN) announces that it has revised its non-brokered flow through private placement announced October 9, 2019. The private placement now consists of 266,667 shares at a price of $0.15 each. The shares will qualify as "flow-through" shares under the Income Tax Act (Canada). About San Marco San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc and...
2019-12-06 6:00 AM EST
San Marco Retains Momentum Public Relations Inc. for Strategic Business Development
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2019) - San Marco Resources Inc. (TSXV: SMN) ("San Marco" or the "Company") is pleased to announce that it has retained Momentum Public Relations Inc. ("Momentum") to assist with strategic business development activities. Momentum, a Montreal, Quebec based public relations firm, will assist the Company in increasing public awareness by managing the Company's corporate communications and marketing activities and facilitating dialogue...
2019-12-05 6:00 AM EST
Buck Property Update and Engagement of Mackie Research Capital Corporation
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2019) - San Marco Resources Inc. (TSXV: SMN) ("San Marco" or the "Company") is pleased to announce that the historical data review nears completion on the Buck gold/silver/zinc property near Houston, B.C. This database, which is the consolidation of several millions of dollars of exploration work by previous property owners over the past 75 years, is proving to be invaluable in defining new drill targets. Mineralized volcanic...
2019-12-03 6:00 AM EST
San Marco Closes $448,000 Non-Brokered Unit Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2019) - San Marco Resources Inc. (TSXV: SMN) ("San Marco" or the "Company") has completed the sale of 3,738,334 units at $0.12 per unit for gross proceeds of $448,600 under its non-brokered unit private placement announced September 26, 2019. Each unit was comprised of one share and one warrant to purchase one common share for three years at a price of $0.20 for the first two years and $0.25 for the third year. The Company paid 6%...
2019-11-21 6:54 PM EST
San Marco Revises Terms of Non-brokered Unit Private Placement and Closes Subscription Books for Unit and Flow Through Share Private Placements
Vancouver, British Columbia--(Newsfile Corp. - November 8, 2019) - San Marco Resources Inc. (TSXV: SMN) ("San Marco" or the "Company") announces that it has revised the terms of its non-brokered unit private placement announced September 26, 2019. The private placement now consists of 3,138,334 units at a price of $0.12 per unit for gross proceeds of C$ 376,600. Each unit will be comprised of one share and one warrant to purchase one common share for three years at a price of $0.20 for the...
2019-11-08 6:00 AM EST
San Marco to Raise $0.5 Million in Flow-through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2019) - San Marco Resources Inc. (TSXV: SMN) announces that it intends to complete a private placement for gross proceeds of up to $500,000 through the issuance of up to 2,500,000 shares at a price of $0.20 each. The shares will qualify as "flow-through" shares under the Income Tax Act (Canada). The proceeds of the private placement will be used to incur "Canadian Exploration Expenses" on the exploration on the Buck property which...
2019-10-09 9:00 AM EDT
San Marco to Raise $1.05 Million Through Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2019) - San Marco Resources Inc. (TSXV: SMN) announces that it intends to complete a non-brokered private placement to raise gross proceeds up to C$ 1,050,000. The private placement will consist of up to 7,000,000 units at a price of $0.15 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share for three years at a...
2019-09-26 9:00 AM EDT
San Marco Prepares Buck Property for Drilling
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2019) - San Marco Resources Inc. (TSXV: SMN) announces that its exploration activities on the recently 100% optioned Buck gold/silver property are continuing in preparation for drilling. Drilling will commence upon receipt of a drill permit (for which an application has already been made). The Buck property is located approximately 15 km south of Houston B.C. and has excellent road access enabling year-round exploration. Historical...
2019-09-24 9:00 AM EDT
San Marco's Shareholders Approve 3:1 Share Consolidation San Marco Updates Option to Acquire Buck Gold-Silver Project
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2019) - San Marco Resources Inc. (SMN: TSXV) ("San Marco" or the "Company") is pleased to advise as follows: Share Consolidation At a special general meeting of shareholders held today, its shareholders voted in favour of a special resolution to consolidate the Company's shares on a three (old) into one (new) basis. San Marco currently has 67,916,082 common shares issued and outstanding and, once the consolidation is completed, it...
2019-09-16 1:50 PM EDT
San Marco Updates Status of Option to Acquire Buck Gold-Silver Project, Northern British Columbia
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2019) - San Marco Resources Inc. (TSXV: SMN) ("San Marco" or the "Company") provides an update on its option agreement to acquire a 100% interest in the Buck Property, an intermediate sulphidation, epithermal gold-silver zinc property near the town of Houston in north-central British Columbia, which it announced on July 16, 2019. Option Terms By incurring at least $112,000 in exploration on the property by December 31, 2019, and making...
2019-08-15 9:00 AM EDT