Mainstream Minerals Corporation

Recent News

  • Mainstream Announces Termination of Letter of Intent and Change of Management

    Toronto, Ontario--(Newsfile Corp. - June 24, 2021) - Mainstream Minerals Corporation (the "Company") announces that, pursuant to a termination and release agreement dated June 24, 2021 between the Company and Plutus Super Flow-Through Limited Partnership ("Plutus"), it has terminated the letter of intent with Plutus as previously announced on June 19, 2020 and September 17, 2020, and the transaction contemplated therein will not proceed.In addition, the Company announces the resignation of Ms. Jessica Whitton as President, Chief Executive Officer, Corporate...

    2021-06-24 5:37 PM EDT
  • Mainstream Announces Closing of Share Purchase Transactions

    Toronto, Ontario--(Newsfile Corp. - March 25, 2021) - Mainstream Minerals Corporation (the "Company") announces that it entered into a non-arm's length share purchase agreement with Cejay Kim dated January 15, 2021 (the "Kim Share Purchase Agreement") and an arm's length share purchase agreement with Michael Blady dated February 17, 2021 (the "Blady Share Purchase Agreement") (the Blady Share Purchase Agreement and the Kim Share Purchase Agreement are collectively referred to as the "Transaction"). Pursuant to the Kim Share Purchase...

    2021-03-25 8:26 PM EDT
  • Mainstream Announces Closing of Private Placement and Share Purchase Transaction with a Lead Order from Palisades Goldcorp

    Toronto, Ontario--(Newsfile Corp. - February 3, 2021) - Mainstream Minerals Corporation (the "Company") is pleased to announce that it has closed a non-brokered private placement through the issuance of 1,764,773 common shares ("Common Shares") (inclusive of the 1,470,588 Common Shares issued to Palisades pursuant to the Share Purchase Agreement described below) at a price of $0.34 (the "Issue Price") per Common Share for aggregate gross proceeds of $600,022.82 (the "Offering").In connection with the Offering, the Company entered into a share...

    2021-02-03 5:00 PM EST
  • Mainstream Announces Filing of Articles of Amendment

    Toronto, Ontario--(Newsfile Corp. - November 20, 2020) -  Mainstream Minerals Corporation (the "Company") announces that it has filed articles of amendment in accordance with the Canada Business Corporations Act to change the province in which the registered office of the Company is located from Manitoba to Ontario and to create Class A retractable shares and Class B retractable shares of the Company. Shareholders of the Company approved the amendments at its annual and special meeting held on September 21,...

    2020-11-20 5:33 PM EST
  • Mainstream Announces Signing of Amended and Restated Letter of Intent with Plutus

    Toronto, Ontario--(Newsfile Corp. - September 17, 2020) - Mainstream Minerals Corporation ("Mainstream" or the "Company") announces that, further to its June 19, 2020 press release, it has entered into a binding amended and restated letter of intent (the "Amended LOI") with Plutus Super Flow-Through Limited Partnership ("Plutus"), whereby the Company will acquire: (i) 100% of the shares of, and (ii) the rights to acquire share of, "principal-business corporations" (as defined in subsection 66(15) of the Income Tax Act (Canada))...

    2020-09-17 5:20 PM EDT
  • Mainstream Announces Debt Settlement

    Toronto, Ontario--(Newsfile Corp. - August 14, 2020) -  Mainstream Minerals Corporation (the "Company") announces that it has agreed to settle an aggregate of $400,000 of indebtedness owed to certain arm's length and non-arm's length creditors through the issuance of an aggregate of 8,000,000 common shares ("Common Shares") of the Company at a price of $0.05 per Common Share (the "Debt Settlement"). All Common Shares issued in connection with the Debt Settlement are subject to a statutory hold period of...

    2020-08-14 5:00 PM EDT
  • Mainstream Announces Consolidation

    Toronto, Ontario--(Newsfile Corp. - July 10, 2020) - Mainstream Minerals Corporation (the "Company") announces that it has filed articles of amendment to effect the consolidation (the "Consolidation") of all of the issued and outstanding common shares ("Common Shares") of the Company on the basis of one (1) post-Consolidation Common Share for fifty (50) pre-Consolidation Common Shares, resulting in its previously outstanding 117,102,130 Common Shares of the Company being consolidated into approximately 2,342,041 Common Shares. No fractional Common Shares will...

    2020-07-10 8:00 AM EDT
  • Mainstream Signs Binding LOI With Plutus

    Toronto, Ontario--(Newsfile Corp. - June 19, 2020) - Mainstream Minerals Corporation ("Mainstream" or the "Company") is pleased to announce that it has entered into a binding letter of intent (the "LOI") with Plutus Super Flow-Through Limited Partnership ("Plutus") whereby the Company will acquire: (i) 100% of the shares of, and (ii) the rights to acquire share of, "principal-business corporations" (as defined in subsection 66(15) of the Income Tax Act (Canada)) (the "Portfolio") owned by Plutus, subject to the terms and...

    2020-06-19 5:29 PM EDT