Posts tagged "GGTCF"

Penny Stock News: Auryn Resources Inc. (GGTCF: OTCQX International) | Auryn Reports Remaining RAB Drill Results from 2016 Program and Identifies Two New High-Grade Boulder Trains at Anuri and Ridge Prospects

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov 25, 2016) – Auryn Resources Inc. (TSX:AUG)(OTCQX:GGTCF) (“Auryn” or the “Company) is pleased to announce results from its 2016 drill and boulder-sampling programs from its Committee Bay gold project located in Nunavut, Canada. Auryn successfully intersected gold in the majority of the RAB holes drilled across a set of east-west trending structures at Anuri that were the primary focus of the 2016 drill program. Highlights from the drilling include; 9.14 meters at 1.04g/t Au, 7.62m @ 1.05g/t, and 3.05m @ 2g/t Au (see Figure 1). The structure intersected is interpreted by Auryn to be a secondary structure based on the discovery of a new high-grade boulder train at Anuri that has a source along a prominent regional north-south trending fault zone adjacent to the 2016 drilling area (see Figure 1). The top 5 samples from the new boulder train are as follows: 45.9g/t Au, 41.5g/t Au, 33.3g/t Au, 14.55g/t Au, and 12.65g/t Au. Shawn Wallace, President and CEO stated, “The progress at the Committee Bay project achieved over the last two years has been significant. We have completed extensive surface work over 85% of the nearly 300km long greenstone belt and importantly have drastically reduced […]

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Posted by admin - November 25, 2016 at 9:24 pm

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Penny Stock News: Auryn Resources Inc. (GGTCF: OTCQX International) | Acquisition by Auryn Resources Inc. Approved by Shareholders of North Country

EDMONTON, ALBERTA–(Marketwired – Sep 18, 2015) – North Country Gold Corp. (TSX VENTURE:NCG) (“North Country“) and Auryn Resources Inc. (TSX VENTURE:AUG)(OTCQX:GGTCF) (“Auryn“) are pleased to announce that the plan of arrangement (the “Arrangement“), pursuant to which Auryn will acquire all of the issued and outstanding common shares of North Country (“North Country Shares“), was approved by North Country shareholders at the special meeting of North Country shareholders held on September 18, 2015. At the meeting, approximately 99.85% of the votes cast by North Country shareholders were voted in favour of the Arrangement. A total of 49,345,323 North Country Shares were voted at the meeting, representing approximately 33.34% of the votes attached to all outstanding North Country Shares. The Arrangement is being proposed under, and is subject to the terms and conditions of, an arrangement agreement dated August 13, 2015 between North Country and Auryn (the “Arrangement Agreement“). Assuming the Arrangement becomes effective, holders of North Country Shares will receive 0.1 of a common share of Auryn (each whole common share, an “Auryn Share“) for each North Country Share held (such exchange ratio being hereinafter referred to as the “Exchange Ratio“). In addition, each outstanding option to acquire North Country Shares […]

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Posted by admin - September 18, 2015 at 9:34 pm

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Penny Stock News: Auryn Resources Inc. (GGTCF: OTCQX International) | Auryn Resources and North Country Execute Formal Agreement for Previously Announced Acquisition

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug 13, 2015) – Auryn Resources Inc. (TSX VENTURE:AUG)(OTCQX:GGTCF) (“Auryn”) and North Country Gold Corp. (TSX VENTURE:NCG)(OTCQX:NCGDF) (“North Country”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which Auryn will acquire 100% of North Country under a plan of arrangement (the “Arrangement”) on the terms disclosed in their joint news release issued on June 30, 2015. Under the Arrangement, North Country shareholders will receive one Auryn common share for each ten North Country common shares held at the time of completion of the Arrangement. Completion of the Arrangement is principally subject to (a) approval of at least 66 2/3% of the votes cast at a special meeting of North Country shareholders (the “Meeting”) and a simple majority of the votes cast at the Meeting by North Country shareholders other than certain insiders; (b) TSX Venture Exchange (“TSXV”) approval; and (c) Alberta Queen’s Bench Court approval. Full details of the Arrangement will be set out in the information circular of North Country which North Country expects to mail to its shareholders in respect of the Meeting within two weeks. Assuming all the requisite approvals are received, Auryn […]

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Posted by admin - August 14, 2015 at 4:51 am

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