Prism Announces Transfer to NEX Exchange
Vancouver, British Columbia--(Newsfile Corp. - October 11, 2022) - Prism Resources Inc. (TSXV: PRS.H) ("Prism" or the "Company") announces that effective September 27, 2022 the Company's exchange listing has been transferred to the NEX board of the TSX Venture Exchange as a result of an inability to maintain the requirements for a TSX Venture Exchange Tier 2 company in accordance with TSX Venture Exchange Policy 2.5. The trading symbol for the Company will change from PRS to PRS.H. There is...
2022-10-11 5:02 PM EDT
Prism Announces Court of Appeal for Ontario Dismisses Detour Gold Corp's Appeal of Summary Judgement of 7.5% Royalty Interest
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2022) - Prism Resources Inc. (TSXV: PRS) ("Prism" or the "Company") is pleased to report that the Court of Appeal for Ontario ruled unanimously today to dismiss Detour Gold Corp.'s appeal of the summary judgement awarded to Prism on April 1, 2021. (See news release dated April 1, 2021 and May 5, 2021) The Company's net profits Royalty is fully enforceable against Detour. Management and the Board of Directors are reviewing the Company's...
2022-04-27 8:00 PM EDT
Prism Announces the Grant of Options to Directors and Officers
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2022) - Prism Resources Inc. (TSXV: PRS) ("Prism" or the "Company") announces that it has granted to Directors and Officers of the Company, stock options (the "Options") to purchase a total of (2,700,000) common shares at a price of $0.10 per common share. In addition, consultants to the Company have been granted options to purchase (300,000) common shares on the same terms as those issued to the Directors and Officers. The Options are...
2022-03-01 4:00 AM EST
Prism Announces Resignation of Director
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2022) - Prism Resources Inc. (TSXV: PRS) ("Prism" or the "Company") announces the resignation of Julian Bavin as a director effective February 25, 2022. Mr. Bavin had agreed to resign as the Company shifts its focus away from future exploration activities in South America. Mr. Bavin had served as a director of the Company since 2012. The board would like to thank Mr. Bavin for his many years of service to the Company and wishes him...
2022-02-25 7:00 PM EST
Prism Resources Announces Appeal of Summary Judgement Ruling by Kirkland Lake/Detour Gold on 7.5% Royalty
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2021) - Prism Resources Inc. (TSXV: PRS) (THE "COMPANY') reports that Detour Gold Corp., a wholly owned subsidiary of Kirkland Lake Gold Inc. has initiated an appeal of the summary judgement ruling issued by the Superior Court of Ontario in favour of the Company on April 1, 2021. (see Prism News Release dated April 6, 2021). It has always been the position of the Company that the royalty was and remains fully enforceable against Detour and...
2021-05-05 4:05 PM EDT
Ontario Superior Court of Justice Confirms Validity of Prism Resources' 7.5% NPI Royalty in Land Owned by Kirkland Lake Gold Subsidiary, Detour Gold ("Detour")
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2021) - Prism Resources Inc. (TSXV: PRS) (The "Company") reports that the Ontario Superior Court of Justice ruled on April 1, 2021 that the Company's 7.5% Net Profit Interest in Detour's Aurora claims block and Sunday Lake claims block (the "Royalty") constitutes an interest in property held by the Company and is enforceable as against Detour. The Court also awarded costs in favour of the Company. The Company had announced on April 30,...
2021-04-06 11:35 AM EDT
Prism Reports Scheduling Update Regarding Litigation Against Detour Gold/Kirkland Lake on the Validity of a 7.5% NPI Royalty Payable to Prism Resources
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2020) - Prism Resources Inc. (TSXV: PRS) (the "Company") reports that Prism has received written endorsement from the Ontario Superior Court of Justice regarding scheduling for Summary Judgment proceedings in respect of a dispute between Detour Gold and Prism on the validity of a 7.5% NPI royalty on properties to the south of Detour's operations, including the 58N zone discovery. In summary, Detour must produce its materials by...
2020-10-08 3:11 PM EDT
Prism Resources Updates the Status of Its 7.5% Royalty on the Detour Lake South Property
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2020) - Prism Resources Inc. (TSXV: PRS) (the "Company") is pleased to inform its shareholders of significant drill results from the drilling program conducted by Kirkland Lake Gold Ltd. ("Kirkland Lake") on the 58 North Zone in which the Company has a 7.5% NPI Royalty Interest (the "Royalty"). In a June 29, 2020 News Release, Kirkland Lake reported high grade gold results from infill and step-out drilling. According to Kirkland Lake's...
2020-07-06 3:05 PM EDT