News

TSX-V: MED VANCOUVER, Feb. 8, 2013 /CNW/ – Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce that it has arranged, subject to Exchange approval, a $975,000 non-brokered private placement financing of debentures which are convertible into 6,500,000 common shares of the Company at the rate of $0.15 per share. The debentures will bear interest at the rate of 8% per annum and are convertible into shares for a period of up to two years from closing of the financing. The debenture holders will[…]

VANCOUVER, Feb. 5, 2013 /CNW/ – Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce that it has secured the exclusive option on two highly prospective Portuguese exploration licenses, Boticas and Vila de Rei, through the Direção-Geral de Energia e Geologia (DGEG) of Portugal. Overview Boticas and Vila de Rei cover 100 sq km and 300 sq km respectively. Previous drilling at Boticas reported results including 40.2m at 1.96 g/t Au, including 20.4m at 2.92 g/t Au, and surface sampling has yielded results up[…]

VANCOUVER, Jan. 22, 2013 /CNW/ – Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce the successful issuance of the Grasceta gold exploration licence, located in southern Tuscany, Italy. The acquisition of the 8 square kilometre Grasceta licence, which adjoins the Company’s Frassine licence, is part of the Company’s strategy to build a portfolio of European gold projects with potential to host multi-million ounce deposits. Medgold has commenced exploration in the area with field crews undertaking detailed mapping, grid-rock sampling and channel-chip sampling. Results[…]

VANCOUVER, Dec. 11, 2012 /CNW/ – Emerick Resources Corp. (TSX-V: ERC.H) (“Emerick” or the “Company”) is pleased to announce that it has completed its reverse takeover (“RTO”) of Medgold Resource Ltd. (“Medgold”), a private European-focused gold exploration company. Subject to TSX Venture Exchange acceptance, the Company’s shares will trade under the name, Medgold Resources Corp. The newly merged company will explore for major gold deposits in the Mediterranean region, focusing on countries with a known history of gold production, and mining-friendly legal/fiscal codes. The Company’s project portfolio includes gold projects[…]

VANCOUVER, Nov. 6, 2012 /CNW/ – Emerick Resources Corp. (TSX-V: ERC) is pleased to announce that it has signed a binding Share Purchase Agreement to acquire all of the outstanding shares of Medgold Resource Ltd. (“Medgold”), a private company incorporated in England and Wales focused on the exploration and development of precious and base metals in Western Europe. (See Emerick news release of May 8, 2012.) To acquire Medgold, the Company will issue 32,287,500 shares in its capital stock to Medgold’s shareholders in proportion to their respective shareholdings in Medgold.[…]