May 31, 2016 - Bull Market News

Alabama Graphite 3,476,334 share private placement

May 31, 2016

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on May 16, 2016. Number of shares: 3,476,334 shares Purchase price: 15 cents per share Warrants: 3,476,334 share purchase warrants to purchase 3,476,334 shares Warrant exercise price: 20 cents for a two-year period Number of placees: 13 placees Insider: 1163863 Ontario Ltd. (Don Baxter), 670,000 shares Finders’ fees: An aggregate of $17,675.01, plus...

NEVADA CLEAN MAGNESIUM EXTENDS CLOSING DATE FOR CONVERTIBLE NOTE FINANCING

May 31, 2016

Nevada Clean receives extension for note financing The TSX Venture Exchange has granted Nevada Clean Magnesium Inc. a 30-day extension for the non-brokered private placement of unsecured convertible notes. The accumulated total from the two tranches has collectively raised $250,000; no finders’ fees were paid in connection with the financing. About the financing The principal amount of the convertible note will bear interest at 20 per cent per year, and any accrued but unpaid interest...

Avarone Metals receives drill permits for Moab project

May 31, 2016

AVARONE RECEIVES DRILL PERMIT FOR ITS MOAB LITHIUM BRINE PROJECT Avarone Metals Inc. has received exploration permits from the Bureau of Land Management, Nevada, to complete up to 20 drill holes on its 100-per-cent-owned Moab lithium project in the South Big Smoky Valley, Nevada. Drilling is to be conducted utilizing Vibracore electric drills, which will utilize large-diameter NQ2 and AQ rods for superior sample recovery, and is expected to reach depths of up to 50 metres. The purpose of the...