PNG Copper Announces Various Important Developments
Toronto, Ontario--(Newsfile Corp. - February 13, 2023) - PNG COPPER INC. (CSE: PNGC) ("PNG C" or the "Company") is pleased to announce that the Company has given notice terminating the Mount Suckling option agreement relating to the exploration properties in Papua New Guinea. All activity in that regard will cease. As a result, Steve Grey and Andrew Morris have resigned as Directors of the Company and David Lindley has resigned as interim Chief Executive Officer. Steve Grey has indicated the...
2023-02-13 8:27 PM EST
PNG Copper Inc. Announces Completion of Second and Final Tranche of Private Placement
Toronto, Ontario--(Newsfile Corp. - February 9, 2023) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") is pleased to announce that it has closed the second and final tranche of a brokered private placement financing announced on January 27, 2023 (the "Financing"). The first tranche of the Financing raised gross proceeds of $183,000 from the issuance of 18,300,000 units (each. a "Unit") at a price of $0.01 per Unit. This final tranche of the Financing raised gross...
2023-02-09 7:35 PM EST
PNG Copper Inc. Announces Filing of the Financial Statements and Related Documents for the Third Quarter of 2022, Completion of First Tranche of New Private Placement
Toronto, Ontario--(Newsfile Corp. - January 27, 2023) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") is pleased to announce that it has now filed its financial statements and related management discussion and analysis for the period ending September 30, 2022 ("Required Filings"). On November 15, 2022, the Company announced that it would not be able to file the Required Filings by the filing deadline, November 29, 2022. In connection with the delay, the Company applied to...
2023-01-27 5:42 PM EST
PNG Copper Inc. Provides Bi-Weekly Default Status Report
Toronto, Ontario--(Newsfile Corp. - January 25, 2023) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") announces that further to its news release dated November 15, 2022 (the "Default Announcement"), the Company's principal regulator, the Ontario Securities Commission (the "OSC") granted a management cease trade order (the "MCTO") on November 30, 2022, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203").Pursuant to the MCTO, the CEO, CFO and directors of the...
2023-01-25 9:22 PM EST
PNG Copper Inc. Provides Bi-Weekly Default Status Report
Toronto, Ontario--(Newsfile Corp. - January 11, 2023) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") announces that further to its news release dated November 15, 2022 (the "Default Announcement"), the Company's principal regulator, the Ontario Securities Commission (the "OSC") granted a management cease trade order (the "MCTO") on November 30, 2022, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203").Pursuant to the MCTO, the CEO, CFO and directors of the...
2023-01-11 4:35 PM EST
PNG Copper Inc. Provides Bi-Weekly Default Status Report
Toronto, Ontario--(Newsfile Corp. - December 28, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") announces that further to its news release dated November 15, 2022 (the "Default Announcement"), the Company's principal regulator, the Ontario Securities Commission (the "OSC") granted a management cease trade order (the "MCTO") on November 30, 2022, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203").Pursuant to the MCTO, the CEO, CFO and directors of the...
2022-12-28 4:35 PM EST
PNG Copper Inc. Provides Bi-Weekly Default Status Report
Toronto, Ontario--(Newsfile Corp. - December 14, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") announces that further to its news release dated November 15, 2022 (the "Default Announcement"), the Company's principal regulator, the Ontario Securities Commission (the "OSC") granted a management cease trade order (the "MCTO") on November 30, 2022, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203").Pursuant to the MCTO, the CEO, CFO and directors of the...
2022-12-14 4:35 PM EST
PNG Copper Announces Reconnaissance Sampling Returns Copper Results from Skarn Up to 7.41 % at Yokai prospect, Mt Suckling
HighlightsReconnaissance exploration, in August this year, has located Cu-bearing skarn-like mineralisation from the southeast Urua-Omu area.Highlights from sampling include 7.41 % Cu (sub-outcrop) and 0.72 % Cu (outcrop) from a garnet-bearing skarn occurrence, noted over a 200 m x 50 m area.A gossanous float sample from the skarn zone assayed 0.22 % Cu.The presence of skarn associated with outcropping limestone in the area has long been speculated and these results have expanded the area of...
2022-12-07 4:30 PM EST
PNG Copper Inc. Provides Bi-Weekly Default Status Report
Toronto, Ontario--(Newsfile Corp. - December 1, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") announces that further to its news release dated November 15, 2022 (the "Default Announcement"), the Company's principal regulator, the Ontario Securities Commission (the "OSC") granted a management cease trade order (the "MCTO") on November 30, 2022, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203").Pursuant to the MCTO, the CEO, CFO and directors of the...
2022-12-01 5:09 PM EST
PNG Copper Inc. Announces Delay of Filings
Toronto, Ontario--(Newsfile Corp. - November 15, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") announces that it will be unable to file its interim financial report, management discussion and analysis and related Certifying Officer certificates for the third quarter ended September 30, 2022 (the "Required Filings") which are required to be filed on or before November 29, 2022 (the "Filing Deadline").In connection with the anticipated delay, the Company has applied to the...
2022-11-15 4:20 PM EST
Assay Results Update
Toronto, Ontario--(Newsfile Corp. - September 21, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") announces that assay results have been received from the final drillhole of the recently completed four-hole drill program at the Doriri nickel-palladium-platinum prospect, Mt Suckling, Papua New Guinea.Highlights14.10 m of 0.72% Ni, 0.53 g/t PGM in DOD008 from 13.35 m10.70 m of 1.78% Ni, 0.67 g/t PGM in DOD003 from 2.80 m (best intersection)All eight holes intersected...
2022-09-21 7:30 AM EDT
PNG Copper Inc: Announcement of Assay Results
Toronto, Ontario--(Newsfile Corp. - September 6, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") announces that assay results have been received from the first three drillholes of the recently completed four-hole drill program at the Doriri nickel-palladium-platinum prospect, Mt Suckling, Papua New Guinea.David Lindley, Interim CEO and responsible for the drilling of the present drillholes at Doriri and the previous 2012 drillholes, said, "The three drillholes have...
2022-09-06 7:30 AM EDT
PNG Copper Inc. Announces Settlement of Debt and Grant of Options
Toronto, Ontario--(Newsfile Corp. - September 3, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") is pleased to announce that it has completed certain obligations under the existing Option Agreement by issuance of Class A common shares in the capital of the Company ("Common Shares"). The Company settled outstanding obligations of CAD$450,000 with Papuan Minerals Pty Ltd. through the issuance of 10,102,041 Common Shares.The Company also completed a grant, pursuant to its...
2022-09-03 9:26 AM EDT
PNG Copper Inc. Announces Closings of Private Placement and Debt Settlement
Toronto, Ontario--(Newsfile Corp. - August 17, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") is pleased to announce the simultaneous closings of a brokered private placement offering ("Private Placement") and settlement of outstanding indebtedness with senior management of the Company ("Debt Settlement"). The Company, pursuant to the Private Placement, issued 2,000,000 units for gross proceeds of C$100,000.00. In connection with the closing of the Private Placement, the...
2022-08-17 8:42 AM EDT
PNG Copper Announces Conclusion of Phase I Drilling of the Doriri Ni-Pd-Pt Prospect, Papua New Guinea
Toronto, Ontario--(Newsfile Corp. - July 13, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") is pleased to report that drillhole DOD008, on Section 10000N, the final drillhole in the Phase I drilling programme at Doriri Ni-Pd-Pt prospect, was collared on July 5, 2022. The hole intersected an 18.55 m downhole width of the Doriri mineralization between 10.95 m to 29.50 m. The drillhole was completed below Costean I and previously completed (2012) cored drillholes DOD003 and...
2022-07-13 7:30 AM EDT
Update on Drilling of the Doriri Ni-Pd-Pt Prospect, Papua New Guinea
Toronto, Ontario--(Newsfile Corp. - June 29, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") is pleased to report that following the completion of drillhole DOD005 on section 10040N at the Doriri nickel-palladium-platinum prospect on June 15, 2022, drilling moved to Section 10025N which includes drillholes DOD006 and DOD007. Drilling results from Section 10025N will test the continuity of mineralization in Costean III, consisting of nickel-chlorite+rhythmically...
2022-06-29 7:30 AM EDT
PNG Copper Inc Announces Update on Drilling of the Doriri Ni-Pd-Pt Prospect, Papua New Guinea
Toronto, Ontario--(Newsfile Corp. - June 15, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") is pleased to report that the drilling of hole DOD005 on Drill Section 10040N at the Doriri nickel-palladium-platinum prospect resumed on June 3, 2022 after a delay awaiting the arrival of spare parts from the Philippines and Australia for the manportable ID200 drill rig. Mineralization was intersected from 46.40 m to 64.20 m (17.8 m downhole width). DOD005 was terminated at 74.00...
2022-06-15 4:10 PM EDT
PNG Copper Inc. Announces Closings of Private Placement
Toronto, Ontario--(Newsfile Corp. - June 1, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") is pleased to announce the closing of brokered private placement offering ("Private Placement"). The Company, pursuant to the Private Placement, issued 3,480,000 units for gross proceeds of C$174,000.00. In connection with the closing of the Private Placement, the Company paid a cash fee of C$15,660.00 and issued 348,000 non-transferable broker warrants to its agent, IBK Capital...
2022-06-01 9:16 PM EDT
PNG Copper Inc. Announces Stock Option Grant
Toronto, Ontario--(Newsfile Corp. - May 30, 2022) - PNG Copper Inc. (CSE: PNGC) (the "Company") announces the grant, pursuant to its Stock Option Plan, of options to an eligible employee to purchase a total of 300,000 Class A common shares, exercisable in whole or in part on or before October 30, 2024, at an exercise price of $0.10 per share.About PNG Copper Inc. PNG Copper Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties...
2022-05-30 5:33 PM EDT
PNG Copper Inc. Announces Settlement of Debt
Toronto, Ontario--(Newsfile Corp. - May 18, 2022) - PNG Copper Inc. (CSE: PNGC) ("PNG Copper" or the "Company") is pleased to announce that it settled outstanding indebtedness with a director and a senior manager of the Company by issuance of Class A common shares in the capital of the Corporation ("Common Shares") and units ("Units").The Company settled outstanding indebtedness of $25,000.00 with the senior manager ("Manager Debt Settlement") through the issuance of 500,000 Common Shares,...
2022-05-18 4:23 PM EDT