Steppe Gold Announces Landmark Investment by Mongolian National Investment Fund
Ulaanbaatar, Mongolia--(Newsfile Corp. - January 22, 2020) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") is extremely pleased and proud to be the first company to receive funding from the Mongolian National Investment Fund PIF SPV. The fund has subscribed for a 12% two-year secured convertible debenture of the Company in the principal amount of US$3 million (the "Debenture"). The Mongolian National Investment Fund PIF SPV aims to finance high return projects that increase...
2020-01-22 1:54 PM EST
Steppe Gold Announces Equity Financing
Ulaanbaatar, Mongolia--(Newsfile Corp. - December 19, 2019) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") is pleased to announce that it plans to complete a private placement offering of approximately 2,222,222 common shares of the Company (the "Common Shares") at a price of C$0.90 per Common Share (the "Issue Price") for aggregate gross proceeds of C$2,000,000 (approximately US$1.53m) (the "Offering"). The gross proceeds from the Offering will be used for further...
2019-12-19 7:30 AM EST
Steppe Gold's ATO Mine Fully Permitted and Commencing Gold Production. Appointment of New President and CEO to Lead Aggressive Growth Strategy
Ulaanbaatar, Mongolia--(Newsfile Corp. - December 2, 2019) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") is extremely pleased to announce that the ATO Gold Mine is fully permitted and gold production is commencing. The Company has now mined, crushed and stacked approximately 300,000t of ore at a grade of 2.13g/t gold on the leach pad. The company’s mining, crushing and stacking program is ongoing. Full year production for 2020 is now envisaged to be approximately 60,000oz of...
2019-12-02 7:00 AM EST
Steppe Gold Director and VP Mongolia Announces Purchase of Convertible Debentures of Steppe Gold Ltd. and Filing of Early Warning Reports
Ulaanbaatar, Mongolia--(Newsfile Corp. - October 31, 2019) - Mongolia Inc Limited LLC. ("Mongolia Inc."), a private corporation incorporated in Mongolia and controlled by Bataa Tumur-Ochir, a director and officer of Steppe Gold Ltd. ("Steppe"), announces that on October 28, 2019 it purchased US$2.5 million principal amount of 10% two-year unsecured debentures (the "Debentures") from Chinggis Khaan Bank ("Chinggis Bank"). The US$2.5m principal amount of Debentures is convertible into 4,807,692...
2019-10-31 11:50 AM EDT
Steppe Receives an Additional US$5 Million Deposit Under Terms of Amended Gold Stream Agreement with Triple Flag and Repays Promissory Note
Toronto, Ontario--(Newsfile Corp. - September 30, 2019) - Steppe Gold Limited (TSX: STGO) (the "Company" or "Steppe Gold") is pleased to announce that it has entered into an agreement to amend (the "Amendment") the terms of its existing gold stream with Triple Flag Mining Finance Bermuda Ltd. ("Triple Flag Bermuda"). Under the terms of the amendment Triple Flag Bermuda advanced an additional deposit of US$5 million to Steppe Gold, bringing the total amount advanced to Steppe Gold by Triple...
2019-09-30 3:18 PM EDT