Troilus Completes Acquisition of UrbanGold Minerals
Toronto, Ontario--(Newsfile Corp. - May 18, 2021) - Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) ("Troilus" or the "Company") and UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold") are pleased to announce that Troilus has completed the previously announced acquisition of all of the issued and outstanding common shares of UrbanGold (the "UrbanGold Shares") that it does not currently own by way of a three-cornered amalgamation (the "Amalgamation") under the Canada Business Corporations Act.Pursuant to the Amalgamation, Troilus acquired all of the...
2021-05-18 11:30 AM EDT
UrbanGold Minerals' Shareholders Overwhelmingly Approve Troilus Gold's Acquisition of UrbanGold Minerals
Toronto, Ontario--(Newsfile Corp. - May 17, 2021) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold") and Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) ("Troilus") are pleased to announce that UrbanGold's shareholders voted, at the special meeting of UrbanGold's shareholders held earlier today (the "UrbanGold Meeting"), to approve the proposed acquisition by Troilus of all of the issued and outstanding common shares of UrbanGold (the "UrbanGold Shares") that it does not currently own by way of a three-cornered amalgamation (the "Amalgamation") under...
2021-05-17 1:30 PM EDT
Mathieu Stephens Resumes President and CEO Duties
Laval, Quebec--(Newsfile Corp. - March 25, 2021) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce, the return of Mathieu Stephens to the position of President and Chief Executive Officer ("CEO"), effective immediately. Earlier this year, Mr. Stephens' duties were temporarily reduced and Mr. Jens Hansen agreed to undertake this function during an interim period (UrbanGold January 8, 2021 news release). Mr. Hansen will continue to serve on the Board of Directors for...
2021-03-25 7:30 AM EDT
Troilus to Acquire UrbanGold Minerals in All-Share Transaction
Toronto, Ontario--(Newsfile Corp. - March 23, 2021) - Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) ("Troilus" or the "Company") and UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold") are pleased to announce that the companies have entered into a definitive agreement (the "Agreement"), pursuant to which Troilus has agreed to acquire all of the issued and outstanding common shares of UrbanGold (the "UrbanGold Shares") that it does not currently own (the "Transaction"). Troilus currently owns 6,156,291 UrbanGold Shares, or approximately 9.7% of...
2021-03-23 7:00 AM EDT
UrbanGold Confirms Recent Regnault Discovery, Intersecting Gold in Three New Drill Holes
Laval, Quebec--(Newsfile Corp. - March 17, 2021) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to report the remaining assay results from its 10-hole drill program totalling 2,456 metres on its 100% owned 26,585-hectare Pallador Property (the "Property") in the Regnault area of the Troilus-Frotet region.The maiden drill program, executed in two phases, intersected gold in four holes, including visible gold within a quartz vein in hole UPR-21-09, located in the southeast part of the target...
2021-03-17 7:30 AM EDT
UrbanGold Reports Results from First Four Holes at Pallador-Regnault
Laval, Quebec--(Newsfile Corp. - February 24, 2021) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") reports results from the first four of ten core holes (totalling 1,095 metres of 2,452 metres) drilled on its 100% owned 26,585-hectare Pallador Property (the "Property") in the Regnault area of the Troilus-Frotet region. This drill program targeted an area located immediately south of the Kenorland Minerals Regnault gold discovery (see Kenorland's July 29, 2020 news release). Assays for the remaining 6 holes...
2021-02-24 5:23 PM EST
UrbanGold Options Stargold to Crest Resources
Laval, Quebec--(Newsfile Corp. - February 3, 2021) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") announces that it has signed an option agreement (the "Agreement") with Crest Resources Inc. (CSE: CRES) ("Crest"), pursuant to which and subject to the acceptance of the Canadian Stock Exchange, Crest has been granted an option (the "Option") to acquire a 100% interest in the Stargold project (the "Claims") located approximately 160 kilometres northeast of the Town of Val d'Or, in the Province...
2021-02-03 5:00 PM EST
UrbanGold Completes 10-hole Drill Program in the Regnault Area, Pallador Property
Laval, Quebec--(Newsfile Corp. - January 26, 2021) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to report the completion of its initial drill program on its 100% owned 26,585-hectare Pallador Property (the "Property") in the Regnault area of the Troilus-Frotet region. Ten diamond drill holes totalling 2,452 metres targeted an area located immediately south of and on strike with Kenorland Minerals Regnault major gold discovery, which includes an intersection of 8.47 grams per tonne...
2021-01-26 8:00 AM EST
UrbanGold Appoints VP Corporate Development and Grants Stock Options
Laval, Quebec--(Newsfile Corp. - January 21, 2021) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce that it has appointed Robert J. Casaceli as Vice President Corporate Development, effective today. Mr. Casaceli has been a director of the Company since November 2019.Mr. Casaceli's career spans some 46 years during which he has worked in over 50 countries and held executive positions with several companies including Franco-Nevada Corporation, Franc-Or Resources, and Euro-Nevada Mining Corporation. Since...
2021-01-21 5:12 PM EST
UrbanGold Resumes Drilling at Pallador-Regnault, Provides Update for Bullseye-Cressida
Ottawa, Ontario--(Newsfile Corp. - January 15, 2021) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce that drilling has resumed on the Regnault block, at the Company's 100% owned Pallador property that totals 26,585 hectares. UrbanGold drilled 4 holes totalling 1,095 metres before the holidays and resumed drilling this past Monday on priority targets located immediately south and on strike of the Kenorland Minerals Regnault discovery located further north which includes an intersection of 8.47...
2021-01-15 8:00 AM EST
UrbanGold Provides Update on Troilus-Frotet and Temporary Change to Management Responsibilities
Ottawa, Ontario--(Newsfile Corp. - January 8, 2021) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is exclusively focussing its activities this winter on its central Troilus-Frotet area properties. These properties consist of the Pallador property, 26,585 hectares, 100% owned by the Company and BullsEye property, 8,558 hectares, 50% owned by the Company under a joint venture with Argonaut Gold. UrbanGold is the operator.Mathieu Stephens P Geo., President and CEO of the Corporation, has requested a temporary reduction of...
2021-01-08 5:00 PM EST
UrbanGold Provides Year-End Update on its Troilus-Frotet Area Properties
Ottawa, Ontario--(Newsfile Corp. - December 21, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to provide a year-end update on its exploration activities for its Troilus-Frotet area properties (Pallador and Bullseye). A map showing locations of areas discussed herein is provided below. Figure 1To view an enhanced
2020-12-21 8:00 AM EST
UrbanGold Commences Drilling at Pallador-Regnault
Ottawa, Ontario--(Newsfile Corp. - December 3, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to report the start of its drill program today on the Regnault block located immediately south and on strike of the current extent of Kenorland Minerals Ltd. ("Kenorland") recent major gold discovery, which includes an intersection of 8.47 g/t Au over 29 metres, located further north (Kenorland July 29, 2020 news release). The minimum 2,000-metre drill program is focusing on...
2020-12-03 8:00 AM EST
UrbanGold Announces Drill Program at Pallador-Regnault
Ottawa, Ontario--(Newsfile Corp. - November 16, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce that it has secured a drill for its upcoming drilling program located approximately 400m south and on strike of the current extent of Kenorland Minerals Ltd. ("Kenorland") recent major gold discovery, which includes an intersection of 8.47 g/t Au over 29 metres located further north (Kenorland July 29, 2020 news release). The minimum 2,000-metre drill program will focus...
2020-11-16 8:00 AM EST
UrbanGold Completes Geophysics, Outlines Drill Targets at Pallador-Regnault
Ottawa, Ontario--(Newsfile Corp. - October 29, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce that it has received a detailed interpretation of the induced polarization ("IP") survey it recently completed on a portion of its 100%-owned Pallador property (the "Property") in the Troilus-Frotet area, Quebec. The IP survey was completed in the Regnault area, and along strike with and 400 metres south of Kenorland Minerals Ltd. ("Kenorland") drilling that has initially outlined...
2020-10-29 8:00 AM EDT
UrbanGold to Undertake Surface Geophysics in Preparation for Drilling at Cressida
Ottawa, Ontario--(Newsfile Corp. - October 27, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") and Argonaut Gold Inc. ("Argonaut") (TSX: AR) are pleased to announce the start of a line-cutting and surface geophysics program on the 50-50 joint venture, 8,642.8-hectare Bullseye property (the "Property") in preparation for ground geophysics. The 36.8 km grid will cover most of the Cressida block located approximately 14 km southwest of the former producing Troilus Gold-Copper mine and 100 kms north of...
2020-10-27 8:00 AM EDT
Urbangold and Northcore Sign Option Agreement for the Monaco Property
Ottawa, Ontario--(Newsfile Corp. - October 21, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") and Northcore Resources Inc. ("Northcore") are pleased to announce the signing of an option agreement between the companies regarding the acquisition of the Monaco property ("The Property"). The Property is located in the Lower James Bay area of Quebec approximately 200 km ENE of Val d'Or and 80 km south of Chibougamau. The Property consists of one hundred and forty-nine (149) mostly contiguous...
2020-10-21 8:00 AM EDT
UrbanGold Engages MI3 for Investor Relations Services
Ottawa, Ontario--(Newsfile Corp. - October 2, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce that it has entered into an investor relations agreement (the "Agreement") with MI3 Communications Financieres Inc. ("MI3").The Agreement is for a term of one year, which may be terminated earlier at any time after December 31, 2020, upon 30 days' written notice by either party. In consideration for the services of MI3, the Company has agreed to pay...
2020-10-02 8:00 AM EDT
UrbanGold Announces the Start of Ground Geophysics at Pallador
Ottawa, Ontario--(Newsfile Corp. - September 29, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce the start of a ground induced polarization ("IP") geophysics program on the Company's 100%-owned Pallador property in the Troilus-Frotet area, Quebec. The area targeted by the survey is interpreted to be on strike and located as close as 400 metres from the recent drilling completed by Kenorland Minerals which announced a major gold discovery in the area. Kenorland's...
2020-09-29 8:00 AM EDT
UrbanGold Announces Closing of Private Placement with Palisades Goldcorp and Corporate Update
Ottawa, Ontario--(Newsfile Corp. - September 10, 2020) - September 10, 2020 - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce the closing of a non-brokered private placement (the "Private Placement") for $1,000,000 with Palisades Goldcorp Ltd. ("Palisades") by issuing 4,166,667 units of the Company (the "Units") priced at $0.24 per Unit. The Units are comprised of one (1) common share of the Company ("Common Share") and one (1) Common Share purchase warrant ("Warrant"). Each Warrant...
2020-09-10 4:30 PM EDT