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277 Lakeshore Road East - Suite 403
Oakville, ON, L6J 6J3

289-837-0066

Announcements

Canoe Mining Corporate Update

Tanya Murphy

OAKVILLE, ONTARIO--(Marketwired - April 12, 2016) -Canoe Mining Ventures Corp. (TSX VENTURE:CLV) (the "Company" or "Canoe") would like to announce the resignation of Mr. Ron Reed, the Chief Financial Officer ("CFO") of the Company, effective April 5, 2016.

Mr. Duane Parnham, President and CEO, will act in the capacity of CFO until a new appointee is made. The Company would like to thank Mr. Reed for his contribution and dedication to Canoe and wish him success in his future endeavours.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

On Behalf of the Board of Directors of Canoe,

Duane Parnham, President and CEO

Forward Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release or other future plans, objectives or expectations of Canoe are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Canoe's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by Canoe with securities regulators. Canoe expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Contact:
Canoe Mining Ventures Corp.
Duane Parnham
President and CEO
1.905.844.7612
dparnham@canoemining.ca
www.canoemining.ca

Wesdome Gold Mines Ltd. and Canoe Mining Ventures Corp. Enter into Agreement for Purchase and Sale of Coldstream and Hamlin Properties

Tanya Murphy

TORONTO, April 7, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX:WDO.TO - News) ("Wesdome" or the "Company") and Canoe Mining Ventures Corp. (TSXV:CLV.V - News) ("CanoeMining") are pleased to announce that the parties have entered into a definitive agreement (the "Purchase Agreement") whereby Wesdome has agreed to purchase from Canoe Mining, a 100% interest in the Coldstream Project ("Coldstream") and the Hamlin-Deaty Creek Property ("Hamlin"), which are adjacent to Wesdome's Moss Lake properties located 100 kilometres due west of Thunder Bay, Ontario (collectively, the "Properties").  

With this acquisition, Wesdome is consolidating its land position in the Shebandowan Greenstone Belt. The acquired land flanks Wesdome's Moss Lake property and includes the former producing Coldstream Mine and East Coldstream gold deposit and their potential untested extensions. This acquisition also eliminates a historically inconvenient property boundary immediately along strike of the 3 million ounce Moss Lake gold deposit. This property boundary area has never been drilled and the acquisition provides the opportunity to conduct further drilling along strike. A 43-101 Technical Report on the Moss Lake gold deposit dated May 31, 2013 titled "Technical Report and Preliminary Economic Assessment for the Moss Lake Project" is available on the Company's website. 

The Shebandowan Greenstone Belt is part of the Wawa Abitibi Sub Province, the world's second largest historic gold producing terrane. Recent studies have recognized that the many showings and deposits in this area are likely part of an extensive IOCG (Iron Ore Copper Gold) mineralized system. The Hamlin Cu-Au deposit, which was most recently drilled extensively by Xstrata, is also part of the consolidated land package. The resulting contiguous land position covers approximately 30 km of the Shebandowan Greenstone Belt.

Management believes it is prudent and advantageous to consolidate a significant land position surrounding its largest gold resource at this time and intends to initiate exploration permitting activities immediately.

Terms of the Purchase Agreement
Pursuant to the terms and conditions of the Purchase Agreement, Wesdome will acquire the Properties from Canoe Mining free from all liens, mortgages, charges, pledges, encumbrances or other burdens with all rights now or thereafter attached thereto (other than with respect to any royalties set forth in the Purchase Agreement). As consideration for the Properties, Wesdome shall pay or issue (as applicable) to Canoe Mining the following at the closing of the acquisition: 

(a)  With respect to the purchase of the Coldstream portion of the Properties:
i.     an aggregate of $400,000 cash; and
ii.    454,545 fully paid and non-assessable common shares in the capital of Wesdome (the "Shares"); and

(b)  With respect to the purchase of the Hamlin portion of the Properties, an aggregate of $100,000 cash.

The proposed transaction, including the issuance of the Shares by Wesdome, is subject to regulatory approval by the Toronto Stock Exchange.

Rolly Uloth, President and CEO of Wesdome comments, "The Coldstream Project is adjacent to our Moss Lake gold project and has evidenced some early prospective results. This strategic acquisition of land gives us additional exploration opportunity to expand the 3 million ounces deposit at our Moss Lake property."

Duane Parnham, President and CEO of Canoe Mining comments, "The sale of our projects to Wesdome offers Canoe shareholders equity ownership in a well-managed attractive gold producer having incredible upside potential as they develop the Moss Lake project." 

The technical information contained in this news release has been verified by George Mannard, P. Geo., who is a Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Properties.

ABOUT WESDOME
Wesdome Gold Mines Ltd. is in its 28th year of continuous gold mining operations in Canada. The Company is currently producing gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River and Mishi gold mines. Wesdome's goal is to expand current operations at both mines over the next four years through mill expansion and exploration. Wesdome has significant upside through ownership of its two other properties, the Kiena Mine Complex in Val d'Or, Quebec and the Moss Lake gold deposit located 100 kilometres west of Thunder Bay, Ontario. These assets are being explored and evaluated to be developed in the appropriate gold price environment. The Company has approximately 118 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol "WDO".

This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable securities legislation. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "suspects", "intends", "estimates", "projects", "targets", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Such statements are not guarantees of future performance and actual results or developments may differ materially from those expressed in, or implied by, this forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters as market prices, exploitation and exploration results, continued availability of capital and financing, and general economic, market or business conditions. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date and neither Wesdome nor Canoe Mining undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

SOURCE Wesdome Gold Mines Ltd.

Canoe Mining Ventures Corp. Announces Private Placement

Tanya Murphy

OAKVILLE, ON, Aug. 27, 2015 /CNW/ - Canoe Mining Ventures Corp. (TSXV:CLV.V - News) ("Canoe") announces it is arranging a non-brokered private placement of up to 6,000,000 common shares of Canoe at a price of $0.05 per share for total gross proceeds of up to $300,000 (the "Private Placement"). Management, directors, and insiders of Canoe intend on participating in the Private Placement, the net proceeds of which are to be used for general working capital purposes.

The Private Placement is subject to the receipt of all required regulatory and exchange approvals, and is expected to close on or before September 15, 2015.

Additional information and corporate documents may be found on www.sedar.com and on the Canoe website: www.canoemining.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

On Behalf of the Board of Directors of Canoe,
Duane Parnham, President and CEO

Forward Looking Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release or other future plans, objectives or expectations of Canoe are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Canoe's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by Canoe with securities regulators. Canoe expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

SOURCE Canoe Mining Ventures Corp.

Canoe Mining Announces Results of Annual General Meeting and Special Meeting of Shareholders

Canoe Mining Ventures Corp.

Oakville, Ontario, June 29, 2015 – Canoe Mining Ventures Corp. (TSXV: CLV) ("Canoe Mining") announces the results from its annual general and special meeting of shareholders held in Toronto on June 25, 2015 (the “Meeting”).

Election of Directors

At the Meeting, shareholders elected the following to the Canoe Mining Board of Directors: Duane Parnham, Scott Kelly, Eugene Lee, Jorge Estepa, Bruce Durham, and Jean-François Pelland.

Appointment of Auditor

At the Meeting, PricewaterhouseCoopers LLP, Chartered Accountants, were re-appointed as auditors of Canoe Mining for the ensuing year and the Board of Directors have been authorized to fix their remuneration.

Approval of Stock Option Plan

Annual ratification of the Canoe Mining rolling Stock Option Plan was also approved by shareholders at the Meeting.

In accordance with National Instrument 51-102, a report of the voting results for each resolution presented at the Meeting will be filed and available under Canoe Mining’s profile on www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

On Behalf of the Board of Directors of Canoe Mining,

Duane Parnham, President and CEO

 

Canoe Mining Completes Shares for Debt Settlement

Canoe Mining Ventures Corp.

Oakville, Ontario, June 12, 2015 - Canoe Mining Ventures Corp. (TSXV: CLV) (“Canoe”) announces that further to its news release dated May 29, 2015, it has  extinguished a total of $104,165 of debt relating to consulting fees and service fees to certain arm's length and non-arm's-length parties by issuing an aggregate of 2,083,308 common shares of Canoe at a deemed price of $0.05 per share (the “Debt Settlement”).    The actual debt settlement has been reduced from the previously announced amount of $117,946.68.

As part of the Debt Settlement, Mr. Duane Parnham (the President, CEO, and a director of Canoe) was issued 350,000 common shares and Growth Consulting Ltd., a company wholly owned by Mr. Ron Reed (the CFO of Canoe), was issued 350,000 common shares. The participation of each of Mr. Parnham and Growth Consulting Ltd. (collectively, the “Related Parties”) in the Debt Settlement is considered a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Canoe is relying on Sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, for exemptions from the formal valuation and minority approval requirements under MI 61-101, as neither the fair market value of the common shares to be issued to the Related Parties nor the amount of debt to be settled pursuant thereto exceeds 25% of Canoe’s market capitalization.

All common shares issued pursuant to the Debt Settlement will be subject to a hold period of four months and one day from their date of issuance and as such are restricted from trading until October 11, 2015.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

On Behalf of the Board of Directors of Canoe,

Duane Parnham, President and CEO

 

Forward Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release or other future plans, objectives or expectations of Canoe are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Canoe’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by Canoe with securities regulators. Canoe expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Canoe Mining Announces Shares for Debt Settlement

Canoe Mining Ventures Corp.

Oakville, Ontario, May 29, 2015 - Canoe Mining Ventures Corp. (TSXV: CLV) (“Canoe”) announces that it has agreed to settle a total of $117,946.68 of debt relating to consulting fees and service fees to certain arm's length and non-arm's-length parties by issuing an aggregate of 2,358,934 common shares of Canoe at a deemed price of $0.05 per share (the “Debt Settlement”).

As part of the Debt Settlement, Mr. Duane Parnham (the President, CEO, and a director of Canoe) will be issued 600,000 common shares and Growth Consulting Ltd., a company wholly owned by Mr. Ron Reed (the CFO of Canoe), will be issued 360,000 common shares. The participation of each of Mr. Parnham and Growth Consulting Ltd. (collectively, the “Related Parties”) in the Debt Settlement is considered a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Canoe is relying on Sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, for exemptions from the formal valuation and minority approval requirements under MI 61-101, as neither the fair market value of the common shares to be issued to the Related Parties nor the amount of debt to be settled pursuant thereto exceeds 25% of Canoe’s market capitalization.

A material change report in respect of the related party transactions was not filed at least 21 days in advance of the Debt Settlement, as the terms of the Debt Settlement were not settled until shortly before this announcement and Canoe wishes to close the Debt Settlement on an expedited basis for sound business reasons.

All common shares to be issued pursuant to the Debt Settlement will be subject to a hold period of four months and one day from their date of issuance.

The Debt Settlement is subject to approval by the TSX Venture Exchange. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

On Behalf of the Board of Directors of Canoe,

Duane Parnham, President and CEO

 

Forward Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release or other future plans, objectives or expectations of Canoe are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Canoe’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by Canoe with securities regulators. Canoe expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Canoe Mining Ventures Corp. Evaluating Additional Opportunities

Canoe Mining Ventures Corp.

Oakville, Ontario, April 7, 2015 - Canoe Mining Ventures Corp. (TSXV: CLV) (“Canoe”) wishes to disclose that it will be evaluating possible investment and business opportunities in various sectors, including but not limited to: mining, oil and gas, technology, and biotechnology.

 

While no decisions have been made, Canoe has an obligation to its shareholders to investigate all opportunities being presented to management that would enhance shareholder value. As such, Canoe will continue to disclose relevant and timely information as it becomes available.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

On Behalf of the Board of Directors of Canoe,

Duane Parnham, President and CEO

 

Forward Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release or other future plans, objectives or expectations of Canoe are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Canoe’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by Canoe with securities regulators. Canoe expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Canoe Mining Ventures Corp. Closes Fully Subscribed Non-Brokered Private Placement

Canoe Mining Ventures Corp.

Oakville, Ontario, March 30, 2015 – Canoe Mining Ventures Corp. (TSXV: CLV) ("Canoe") is pleased to announce that further to its news release dated March 17, 2015 and subject to final approval by the TSX Venture Exchange, it has completed a fully subscribed non-brokered private placement of 4,000,000 units at a price of $0.05 per unit for gross proceeds of $200,000. Each unit is comprised of one common share of Canoe.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

On Behalf of the Board of Directors of Canoe,

Duane Parnham, President and CEO

 

Canoe Mining Ventures Corp. Announces Private Placement

Canoe Mining Ventures Corp.

Oakville, Ontario, March 17, 2015 - Canoe Mining Ventures Corp. (TSXV: CLV) ("Canoe") announces it is arranging a non-brokered private placement of up to 4,000,000 common shares of Canoe at a price of $0.05 per share for total gross proceeds of up to $200,000 (the “Private Placement”). Management, directors, and insiders of Canoe intend on participating in the Private Placement, the net proceeds of which are to be used for general working capital purposes.

The Private Placement is subject to the receipt of all required regulatory and exchange approvals, and is expected to close on or before March 30, 2015.

Additional information and corporate documents may be found on www.sedar.com and on the Canoe website: www.canoemining.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

On Behalf of the Board of Directors of Canoe,

Duane Parnham, President and CEO

 

 

Forward Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release or other future plans, objectives or expectations of Canoe are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Canoe’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by Canoe with securities regulators. Canoe expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Canoe Provides Updates on Non-Brokered Private Placement and Alto Settlement Agreement

Canoe Mining Ventures Corp.

Oakville, Ontario, October 22, 2014 - Canoe Mining Ventures Corp. (TSXV: CLV) (“Canoe”) announces that it has closed the first tranche of its previously announced non-brokered private placement (the “Private Placement”). Canoe issued 886,667 units at a price of $0.15 per unit for total gross proceeds of $133,000, with each unit consisting of one Canoe common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share of Canoe at a price of $0.25 for a period of 24 months until October 22, 2016.

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