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Avidian Gold Corp.

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A publicly listed Canadian company trading under the symbol AVG on the TSXV, Avidian is underpinned by a highly experienced team of industry-savvy professionals that have a pedigree history of mineral discovery and business success.

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Avidian Gold Corp.

lockPrivateGroup

A publicly listed Canadian company trading under the symbol AVG on the TSXV, Avidian is underpinned by a highly exper......

people13 Members       (0)

8020 Admin posted a press release Avidian Gold Announces Completion of Rights Offering in AVIDIAN GOLD CORP.

TORONTO, Ontario - TheNewswire - June 26, 2019 - Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) is pleased to announce that that it has completed its previously announced rights offering (the "Rights Offering"), which expired at 5:00 p.m. EST on June 21, 2019. The Rights Offering raised $581,455.86 in gross proceeds.


Avidian offered rights (the "Rights") to purchase common shares of the Company ("Common Shares") to eligible shareholders of record, at the close of business on the record date of May 27, 2019, on the basis of one Right for each common share of Avidian held. For every three (3) Rights, the holder thereof was entitled to subscribe for one Common Share upon payment of the subscription price of $0.11 per Common Share (the "Exercise Price"). No fractional Common Shares wereissued.


The Company issued an aggregate of 5,285,962 Common Shares at $0.11 per Common Share pursuant to the Rights Offering (3,780,750 Common Shares pursuant to the basic subscription privilege and 1,505,212 Common Shares pursuant to the additional subscription privilege). After completion of the Rights Offering, there were 64,150,961 Common Shares outstanding. Officers and directors of Avidian acquired a total of 1,825,764 Common Shares pursuant to the Rights Offering for a total of 34.5% of the total offering.


Avidian intends to use the net proceeds of the Rights Offering for general and administrative expenses, property payments and to fund a trenching program on the Amanita Property which adjoins Kinross's Fort Knox Gold Mine


Related Party Transaction


The participation in the rights offering by certain "related parties" of Avidian, namely, directors and officers of Avidian, constitutes a "related party transaction", as such terms are defined by Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on an exemption from the formal valuation requirements of MI 61-101 available on the basis of the securities of the Company not being listed on specified markets, including the Toronto Stock Exchange, the New York Stock Exchange, the American Stock Exchange, the NASDAQ or certain overseas stock exchanges. The Company is also relying on the exemption from minority shareholder approval requirements under MI 61-101 as the fair market value of the participation in the Rights Offering by related parties does not exceed 25% of the market capitalization of the Company.


About Avidian Gold Corp.


Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include Amanita which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska and Jungo and Dome Hill in Nevada. The Strickland and Black Raven properties, both located in Newfoundland, are held within Hide Tide Resources Corp, a private subsidiary company of Avidian.


Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Further details on the Corporation and the individual projects, including the NI 43-101 Technical report on the Golden Zone property, can be found on the Corporation's website at www.avidiangold.com.


For further information, please contact:


David Anderson, President and CEO


Mobile: +1 403 688 8863


Email: danderson@avidiangold.com


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 news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.


NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

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8020 Admin

1 month

8020 Admin posted a press release Avidian Gold Announces $2.1 Million Rights Offering in AVIDIAN GOLD CORP.

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Ontario / TheNewswire / May 16, 2019 - Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) is pleased to announce that it will be undertaking a rights offering to raise up to $2.1 million. The Company is offering rights (the "Rights") to purchase common shares ("Common Shares") to eligible shareholders of record, at the close of business on the record date of May 27, 2019, on the basis of one right for each common share held (the "Rights Offering").


Basic Subscription




  • For every three (3) Rights held, eligible shareholders can subscribe for one Common Share of the Company upon payment of the subscription price of $0.11 per Common Share (the "Exercise Price");


    The subscription price for each Common Share has been priced at a discount of approximately 19% to the closing share price on May 16, 2019, as per regulatory requirements;


    The Rights Offering will be conducted in Canada and will be available to Canadian resident shareholders and to shareholders outside of Canada who are eligible under certain exemptions (see details below);






  • The Rights will trade on the TSX Venture Exchange under the symbol AVG.RT commencing on May 22, 2019. The Rights will expire at 5:00 p.m. (Toronto time) on June 21, 2019 (the "Expiry Time") and will become void and of no value;


    Eligible shareholders who fully exercise their Rights will be entitled to subscribe for additional Common Shares, if available as a result of unexercised Rights prior to the Expiry Time, subject to certain limitations set out in the Company's Rights Offering Notice ("Notice") and Rights Offering Circular ("Circular")(see details below on Subscription for Additional Shares);


    The shares purchased through the Rights Offering will be free-trading (and therefore not subject to the four-month hold that normally applies to shares issued through a private placement); and


    The Company intends to use the net proceeds of the Rights Offering to fund the Company's property payments for the Golden Zone and Amanita Properties in Alaska and the Jungo Property in Nevada, general and administrative expenses, and the remaining funds towards exploration expenses.




Details of the Rights Offering will be set out in the Notice and Circular which will be available under the Company's profile at www.sedar.com and on the Company's website at www.avidiangold.com.


Eligible Holders


The Notice, accompanying rights certificate, and form of Subscription will automatically be mailed to each registered shareholder in Canada and shareholders who are resident in Canada who own their shares through an intermediary, such as a bank, trust company, securities dealer or broker (in Canada), will receive materials and instructions from their intermediary (collectively the "Eligible Holders"). The Company encourages shareholders to review these documents carefully.


Eligible Holders who wish to exercise their Rights must forward the rights certificate, together with the applicable funds, to the Rights Agent, Computershare Investor Services Inc., 100 University Ave., 8th Floor, Toronto ON M5J 2Y1, on or before the Expiry Time.


Ineligible Holders


Shareholders who are resident in a jurisdiction outside of Canada (the "Ineligible Holders"), may be able to participate in the Rights Offering under certain exemptions. The Company will not issue or forward rights certificates to Ineligible Holders, however, a letter will be sent to them which will:




  • ??describe the conditions that must be met, and the procedures that must be followed in order for an Ineligible Holder to participate in the Rights Offering; and




  • ??advise them that their Rights will be held by ComputershareInvestor Services Inc. who will, prior to the Expiry Time, attempt to sell any unexercised rights of Ineligible Holders on such dates and at such prices as it determines in its sole discretion.




Ineligible Holders who wish to participate in the Rights Offering and are unsure of whether they meet the required exemptions are encouraged to contact the Rights Agent or the Company directly.


Subscription for Additional Shares


There are currently 57,021,683Common Shares of the Company outstanding. If all of the Rights issued under the Rights Offering are validly exercised, a total of 19,007,227 Common Shares will be issued under the Rights Offering with gross proceeds of approximately $2,090,795.


Eligible Holders who fully exercise their Rights will be entitled to subscribe for additional Common Shares, if available, as a result of unexercised Rights prior to the Expiry Time, subject to certain limitations set out in the Company's Circular.


Management and insiders of the Company have indicated they will be participating in the Rights Offering.


About Avidian Gold Corp.


Avidian Gold brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include Amanita which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska, Jungo and Dome Hill in Nevada and Strickland in Newfoundland.


Avidian Gold is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Avidian Gold has 56,160,756 shares issued and outstanding.


For further information, please contact:


David Anderson, President and CEO


Mobile: 403 688 8863


Email: danderson@avidiangold.com


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 news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

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8020 Admin

4 months

8020 Admin posted a press release Avidian Summarizes 2018 Results and Provides its 2019 Activity Plans in AVIDIAN GOLD CORP.

TORONTO, Ontario / TheNewswire / March 4, 2019 - Avidian Gold Corp. ("Avidian" or the "Corporation") (TSX-V:AVG) wishes to provide a summary of the major 2018 exploration results and corporate activity as well as its ongoing 2019 work program plans. The 2018 exploration program was focused on the Golden Zone property that is situated within the gold-endowed Tintina Mineral Belt, which is known to host a number of multi-million ounce gold deposits. The property is located 320 km north of Anchorage, Alaska and is conveniently accessed by a 16 km road west of the main highway between Anchorage and Fairbanks, which is also the main corridor for power and rail between the two cities.


Key results from Avidian's exploration to date indicate the following.


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=AVG%3ACX2&qmodStoryID=6671830892582049 

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8020 Admin

5 months

8020 Admin posted a press release Avidian Announces Management Changes and Appointment of CFO in AVIDIAN GOLD CORP.

TORONTO, Ontario / TheNewswire / February 4, 2019 - Avidian Gold Corp. ("Avidian" or the "Corporation") (TSX-V:AVG) wishes to announce that effective immediately Mr. David Anderson will be assuming the role of CEO in addition to sitting as Chairman of the Board. Mr. Nick Tintor has tendered his resignation as President, CEO and Director of Avidian as a result of changes in circumstances relating to other business interests. In addition, Avidian is pleased to announce the appointment of Ms. Donna McLean, as the Company's new Chief Financial Officer ("CFO"). Ms. McLean replaces Victor Bradley who has been serving as interim CFO. Ms. McLean brings more than 20 years of financial management and reporting experience to Avidian and has worked for several junior and intermediate exploration companies located in Canada and abroad. Ms. McLean has been granted 100,000 options which can be exercised to purchase a common share of the Corporation at $0.40 for a period of five years. The options will vest over a three-year period.


David Anderson, Chairman and CEO said. "On behalf of the Board of Directors, I want to welcome Donna to Avidian. I look forward to working with her. I'd also like to thank Vic for serving as interim CFO and Nick for his contributions to Avidian. Nick's support in the past year has been greatly appreciated and on behalf of the Board I'd like to wish him the best in his other endeavours".


About Avidian Gold Corp.


Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include Amanita which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska and Jungo and Dome Hill in Nevada. The Strickland and Black Raven properties, both located in Newfoundland, are held within Hide Tide Resources Corp, a private subsidiary company of Avidan


Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Avidian Gold has 57,021,683 shares issued and outstanding. Further details on the Corporation and the individual projects, including the NI 43-101 Technical report on the Goldden Zone property, can be found on the Corporation's website at www.avidiangold.com.


For further information, please contact:


David Anderson, Chairman and CEO


Mobile: 403 688 8863


Email: danderson@avidiangold.com


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 news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

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8020 Admin

5 months

8020 Admin posted a press release Avidian Gold Provides an Update on a Non-Brokered Financing in AVIDIAN GOLD CORP.


NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Ontario / TheNewswire / January 15, 2019 - Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) is pleased to provide an update on a previously announced non-brokered private placement of units of the Company for gross proceeds of up to $1,000,000 (the "Offering") earlier announced in press releases dated October 22, 2018 and November 21, 2018.


The Company announces an amendment to the terms of the Offering. The Offering will be conducted by way of a non-brokered private placement of up to 1,000 debenture units of the Company ("Units") each Unit consisting of a C$1,000 principal amount three (3) year unsecured interest-bearing convertible debenture (a "Debenture") and five thousand (5,000) common share purchase warrants of the Company (each a "Warrant").


Each Warrant will entitle the holder to acquire one common share of the Company (a "Common Share") at a purchase price of C$0.76 per share for a period of 36 months from the the closing of the Offering, subject to the Company's option to accelerate the term of the Warrants in the event that the trading price of Common Shares on the TSX Venture Exchange equals or exceeds $1.00 for twenty consecutive trading days by providing a 30 day notice to warrant holders.


The Debentures will be convertible into Common Shares at a price of $0.40 per Common Share ("Conversion Price") at an option of an investor at any time prior to maturity day of the Debenture.


The Debenture will bear an annual interest calculated a rate of either 8% or 12% as follows: Debentures will bear an 8% annual interest for investors who elect at the time of subscription for Units to receive the accrued interest in semi-annual cash payments; the Debenture will bear a 12% annual interest rate for investors who elect to receive the accrued interest through conversion of the interest into Common Shares at the Conversion Price upon the maturity of the outstanding principal amount of the Debentures, in which case the accrued interest will be added to the outstanding principal amount of Debentures on a semi-annual basis.


Management and insiders of the Company have indicated they will be participating in the Offering.


About Avidian Gold Corp.


Avidian Gold brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include Amanita which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska, Jungo and Dome Hill in Nevada and Strickland in Newfoundland.


Avidian Gold is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Avidian Gold has 56,160,756 shares issued and outstanding.


For further information, please contact:


Nick Tintor, President and CEO


Mobile: 416 953 4244


Office: 416 987 0855


Email: ntintor@avidiangold.com


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 news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

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8020 Admin

7 months

8020 Admin posted a press release Avidian Announces Spinout of its Canadian Property And Value Creation Initiative through High Tide Resources in AVIDIAN GOLD CORP.

Toronto, Ontario / TheNewswire / November 26, 2018 - Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) is pleased to announce that it has spun out its Strickland base metal project located in southern Newfoundland, into a 100%-owned Ontario incorporated private company called High Tide Resources Corp. ("High Tide").


Avidian's goal will be to take High Tide public within the next 18 months.


The creation of High Tide is part of Avidian's value creation initiative whereby any property asset that is not deemed to be core to its portfolio or is not being properly valued within Avidian will be spun out into a subsidiary company. The objective is to maximize shareholder value for Avidian properties held in Canada and Nevada.


Key benefits to Avidian and its shareholders include:




  • - No financial dilution to Avidian;


    - Avidian will retain a 50% interest in High Tide following a flow-through share financing; and


    - Avidian, via its share ownership, will have exposure to any exploration success High Tide has in Newfoundland.




High Tide has also entered into an option agreement to acquire a 100% interest in the Black Raven Gold Project, located in northern Newfoundland.


High Tide's Board of Directors will mirror the current board of Avidian comprised of Messrs David Anderson, Doug Kirwin, James Polson, Nick Tintor and Dino Titaro, with Mr. David Anderson appointed as Chairman and CEO of High Tide.


High Tide Properties


Figure 1 below shows the location of the two High Tide properties in Newfoundland.


Black Raven


The 12.25 sq km Black Raven property hosts numerous high-grade gold showings where grab samples include 32.1 g/t Au, 18.3 g/t Au and 14.0 g/t Au, with elevated to high-grade copper, lead and zinc values and anomalous silver and molybdenum.


The highest metals values from different grab samples are 671 g/t Ag, 3.8% Cu, 32.0% Pb, 10.6% Zn and 8,370 ppm Mo. Although the property as a whole is significantly underexplored, approximately 10% has been surveyed by a ground IP/resistivity geophysical program that has identified several chargeability anomalies proximal to known mineralization.


It is anticipated that drill targets can be developed quickly in these areas and in other areas of untested surface mineralization where High Tide has defined five areas for its immediate exploration focus.


The mineralization model is an Intrusion Related Gold System ("IRGS"), with a possible porphyry component. This is similar to mineralization in the Tintina Gold Belt in Alaska and Yukon where Avidian has developed expertise over the past three years.


High Tide has an option to earn a 100% interest in the Black Raven property over 3 years via the issuance of $275,000 in shares and the completion of at least $70,000 of exploration work. The vendor retains a 2% NSR of which 1.75% can be purchased by High Tide for $2,000,000.


It should be noted that assay results from grab samples, due to their selective nature, may not be representative of the overall grade and extent of mineralization in the subject area. Grab sample values are from a database of 375 samples collected with values ranging from below or at the detection limit to the values quoted above.


Strickland


The 5.25 sq km Strickland property is located in southern Newfoundland and is 100% owned by High Tide. The property covers the best 3 strike km of a >20 km long prospective tuff horizon in Paleozoic interlayered submarine volcanic and sedimentary rocks.


Surface results collected by High Tide personnel in 2012 include channel samples of 4 m grading 0.3 g/t Au, 263 g/t Ag, 2.05% Pb and 3.96% Zn and 8 m grading 1.37 g/t Au, 19.7 g/t Ag and 1.5% Cu.The exploration target for the property is to define one or more precious metal rich VMS deposits.


Three resources, which are historical estimates and will require follow up work, were previously defined on the property by Falconbridge Nickel Mines Inc. between 1980 and 1981.


Main Zone: 260,000 t grading 5.25% Pb-Zn, 195 g/t Ag


North Extension: 750,000 t grading 2% Pb-Zn


Silver Hill: 15,000 t grading 2% Pb-Zn, 480 g/t Ag


Copper-gold stringer mineralization is also present in several showings.


The resource estimates described above are historical estimates as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects S.2.4 ("NI 43-101").


The Company has not completed the work required to independently analyze and verify the results of the previous operators nor has a qualified person completed sufficient work to classify the estimates as current mineral resources or mineral reserves. As a result, Avidian is not treating these estimates as current mineral resources or mineral reserves.


The Company believes these historic results provide an indication of the potential of the property and are relevant from an on-going exploration perspective.


In addition to the properties above, High Tide is also reviewing other gold projects in Canada with the objective of possibly acquiring a third property in order to build critical mass within the Company.


High Tide Financing


To fund the exploration program required to advance the properties, High Tide is planning a flow-through share financing by way of a non-brokered private placement of up to $ 1 million. Flow- through shares will be issued at a price of $0.10. The pre-money valuation of High Tide is $1.0 million.


Nevada Properties


Avidian recognizes that its current valuation is predominantly based on its Alaskan assets. As part of its value creation initiative Avidian is also conducting a strategic review on how best to maximize value from its two Nevada properties, Jungo and Dome Hill.


About Avidian Gold Corp.


Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include Amanita which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska and Jungo and Dome Hill in Nevada. The Strickland and Black Raven properties, both located in Newfoundland, are held within the subsidiary company Hide Tide Resources Corp.


Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Avidian has 56,160,756 shares issued and outstanding.


For further information, please contact:


Nick Tintor, President and CEO


Mobile: 416 953 4244


Office: 416 987 0855


Email: ntintor@avidiangold.com


The technical information contained in this news release has been approved by Dr. Tom Setterfield, P.Geo., Vice President Exploration of Avidian, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.


Further detailed information on the Golden Zone Property can be found in the Technical report dated August 17, 2017 prepared by Leon McGarry, B.Sc., P.Geo and Ian D. Trinder, M.Sc., P.Geo (the "Technical Report") that has been posted on SEDAR.


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 news release.


Forward-looking Information


Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains regulatory approval. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.


Figure 1 - High Tide Property Locations



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8020 Admin

7 months

8020 Admin posted a press release Avidian Gold Provides Update on Financing: Doug Kirwin Elected to Board of Directors in AVIDIAN GOLD CORP.

TORONTO, Ontario / TheNewswire / November 21, 2018 - Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) is pleased to provide an update on the previously announced private placement of units (the "Units") announced in the Company's news release dated October 22, 2018.


The Company is adjusting the terms of the financing so as to better reflect the current weakness in market conditions. The proposed non-brokered financing will be conducted by way of a private placement of Units at C$0.35 per Unit for gross proceeds of up to C$1,000,000 (the "Offering"). Each Unit will be comprised of one (1) common share of the Company (a "Common Share") and one half of a transferable Common Share purchase warrant (a "Warrant"). Each full Warrant will entitle the holder thereof to acquire one Common Share at C$0.50 for a period of 24 months from the date of closing of the Offering, subject to an option of the Company to accelerate the expiry date of the Warrants, in the event that the Common Shares trade above $0.65 for twenty consecutive trading days on the TSX Venture Exchange by providing a notice to warrant holders. Upon receipt of such Warrant acceleration notice, Warrant holders will be able to exercise the Warrants within a 30-day period.


The net proceeds from the Offering shall be primarily used for advancing the Golden Zone gold-copper project in Alaska and for general corporate purposes.


The Offering is conditional upon receipt of required regulatory approvals, including the approval of the TSX Venture Exchange. The Common Shares and the Warrants issued pursuant to the Offering, as well as any compensation options issued to founders will be subject to a four month hold period in accordance with applicable Canadian securities laws.


Board Appointment and AGM Results


The Company is also pleased to announce the election of Mr. Doug Kirwin to the Company's Board of Directors at its Annual and Special Shareholders Meeting ("Meeting") held on November 15, 2018.


Mr. Kirwin is a geologist with more than 45 years of experience holding executive positions with Anglo American and Amax in the 1970s and then as Managing Director of an international mineral consultancy in the 1980s and 1990s.


In 1995, Doug joined Indochina Goldfields Ltd., which became Ivanhoe Mines Limited and stayed with the company until its acquisition by Rio Tinto Group in 2012.


As Executive Vice President of Ivanhoe Mines, Doug was a key member of the discovery team which found the world class Hugo Dummet deposit at Oyu Tolgoi in Mongolia and was a co-recipient of PDAC's inaugural Thayer Lindsley Medal awarded for the most significant international mineral discovery in 2004.


Nick Tintor, President and CEO stated, "We are delighted to have a person of Doug's stature and international reputation join the Avidian Gold board of Directors. Doug has already been extremely active working with management as an advisor and we all look forward to his increased involvement with our company."


Mr. Kirwin has been granted 150,000 options which can be exercised to purchase a common share of the Company at $0.60 for a period of five years. The options will vest over a three-year period.


At the Meeting, shareholders of the Company also re-elected existing directors David Anderson, Dino Titaro, James Polson and Nick Tintor to the board. The shareholders of Avidian also approved an amended stock option plan, which has also received approval from the TSX-Venture Exchange.


About Avidian Gold Corp.


Avidian Gold brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include Amanita which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska, Jungo and Dome Hill in Nevada and Strickland in Newfoundland.


Avidian Gold is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Avidian Gold has 56,160,756 shares issued and outstanding.


For further information, please contact:


Nick Tintor, President and CEO


Mobile: 416 953 4244


Office: 416 987 0855


Email: ntintor@avidiangold.com


 


The technical information contained in this news release has been approved by Dr. Tom Setterfield, P.Geo., Vice President Exploration of Avidian, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.


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 news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.


NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

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Avidian Gold Corp.

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A publicly listed Canadian company trading under the symbol AVG on the TSXV, Avidian is underpinned by a highly experienced team of industry-savvy professionals that have a pedigree history of mineral discovery and business success.

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Avidian Gold Corp.

lockPrivateGroup

A publicly listed Canadian company trading under the symbol AVG on the TSXV, Avidian is underpinned by a highly exper......

people13 Members       (0)

8020 Admin posted a press release Avidian Gold Announces Completion of Rights Offering in AVIDIAN GOLD CORP.

TORONTO, Ontario - TheNewswire - June 26, 2019 - Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) is pleased to announce that that it has completed its previously announced rights offering (the "Rights Offering"), which expired at 5:00 p.m. EST on June 21, 2019. The Rights Offering raised $581,455.86 in gross proceeds.


Avidian offered rights (the "Rights") to purchase common shares of the Company ("Common Shares") to eligible shareholders of record, at the close of business on the record date of May 27, 2019, on the basis of one Right for each common share of Avidian held. For every three (3) Rights, the holder thereof was entitled to subscribe for one Common Share upon payment of the subscription price of $0.11 per Common Share (the "Exercise Price"). No fractional Common Shares wereissued.


The Company issued an aggregate of 5,285,962 Common Shares at $0.11 per Common Share pursuant to the Rights Offering (3,780,750 Common Shares pursuant to the basic subscription privilege and 1,505,212 Common Shares pursuant to the additional subscription privilege). After completion of the Rights Offering, there were 64,150,961 Common Shares outstanding. Officers and directors of Avidian acquired a total of 1,825,764 Common Shares pursuant to the Rights Offering for a total of 34.5% of the total offering.


Avidian intends to use the net proceeds of the Rights Offering for general and administrative expenses, property payments and to fund a trenching program on the Amanita Property which adjoins Kinross's Fort Knox Gold Mine


Related Party Transaction


The participation in the rights offering by certain "related parties" of Avidian, namely, directors and officers of Avidian, constitutes a "related party transaction", as such terms are defined by Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on an exemption from the formal valuation requirements of MI 61-101 available on the basis of the securities of the Company not being listed on specified markets, including the Toronto Stock Exchange, the New York Stock Exchange, the American Stock Exchange, the NASDAQ or certain overseas stock exchanges. The Company is also relying on the exemption from minority shareholder approval requirements under MI 61-101 as the fair market value of the participation in the Rights Offering by related parties does not exceed 25% of the market capitalization of the Company.


About Avidian Gold Corp.


Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include Amanita which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska and Jungo and Dome Hill in Nevada. The Strickland and Black Raven properties, both located in Newfoundland, are held within Hide Tide Resources Corp, a private subsidiary company of Avidian.


Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Further details on the Corporation and the individual projects, including the NI 43-101 Technical report on the Golden Zone property, can be found on the Corporation's website at www.avidiangold.com.


For further information, please contact:


David Anderson, President and CEO


Mobile: +1 403 688 8863


Email: danderson@avidiangold.com


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 news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.


NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

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8020 Admin

1 month

8020 Admin posted a press release Avidian Gold Announces $2.1 Million Rights Offering in AVIDIAN GOLD CORP.

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Ontario / TheNewswire / May 16, 2019 - Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) is pleased to announce that it will be undertaking a rights offering to raise up to $2.1 million. The Company is offering rights (the "Rights") to purchase common shares ("Common Shares") to eligible shareholders of record, at the close of business on the record date of May 27, 2019, on the basis of one right for each common share held (the "Rights Offering").


Basic Subscription




  • For every three (3) Rights held, eligible shareholders can subscribe for one Common Share of the Company upon payment of the subscription price of $0.11 per Common Share (the "Exercise Price");


    The subscription price for each Common Share has been priced at a discount of approximately 19% to the closing share price on May 16, 2019, as per regulatory requirements;


    The Rights Offering will be conducted in Canada and will be available to Canadian resident shareholders and to shareholders outside of Canada who are eligible under certain exemptions (see details below);






  • The Rights will trade on the TSX Venture Exchange under the symbol AVG.RT commencing on May 22, 2019. The Rights will expire at 5:00 p.m. (Toronto time) on June 21, 2019 (the "Expiry Time") and will become void and of no value;


    Eligible shareholders who fully exercise their Rights will be entitled to subscribe for additional Common Shares, if available as a result of unexercised Rights prior to the Expiry Time, subject to certain limitations set out in the Company's Rights Offering Notice ("Notice") and Rights Offering Circular ("Circular")(see details below on Subscription for Additional Shares);


    The shares purchased through the Rights Offering will be free-trading (and therefore not subject to the four-month hold that normally applies to shares issued through a private placement); and


    The Company intends to use the net proceeds of the Rights Offering to fund the Company's property payments for the Golden Zone and Amanita Properties in Alaska and the Jungo Property in Nevada, general and administrative expenses, and the remaining funds towards exploration expenses.




Details of the Rights Offering will be set out in the Notice and Circular which will be available under the Company's profile at www.sedar.com and on the Company's website at www.avidiangold.com.


Eligible Holders


The Notice, accompanying rights certificate, and form of Subscription will automatically be mailed to each registered shareholder in Canada and shareholders who are resident in Canada who own their shares through an intermediary, such as a bank, trust company, securities dealer or broker (in Canada), will receive materials and instructions from their intermediary (collectively the "Eligible Holders"). The Company encourages shareholders to review these documents carefully.


Eligible Holders who wish to exercise their Rights must forward the rights certificate, together with the applicable funds, to the Rights Agent, Computershare Investor Services Inc., 100 University Ave., 8th Floor, Toronto ON M5J 2Y1, on or before the Expiry Time.


Ineligible Holders


Shareholders who are resident in a jurisdiction outside of Canada (the "Ineligible Holders"), may be able to participate in the Rights Offering under certain exemptions. The Company will not issue or forward rights certificates to Ineligible Holders, however, a letter will be sent to them which will:




  • ??describe the conditions that must be met, and the procedures that must be followed in order for an Ineligible Holder to participate in the Rights Offering; and




  • ??advise them that their Rights will be held by ComputershareInvestor Services Inc. who will, prior to the Expiry Time, attempt to sell any unexercised rights of Ineligible Holders on such dates and at such prices as it determines in its sole discretion.




Ineligible Holders who wish to participate in the Rights Offering and are unsure of whether they meet the required exemptions are encouraged to contact the Rights Agent or the Company directly.


Subscription for Additional Shares


There are currently 57,021,683Common Shares of the Company outstanding. If all of the Rights issued under the Rights Offering are validly exercised, a total of 19,007,227 Common Shares will be issued under the Rights Offering with gross proceeds of approximately $2,090,795.


Eligible Holders who fully exercise their Rights will be entitled to subscribe for additional Common Shares, if available, as a result of unexercised Rights prior to the Expiry Time, subject to certain limitations set out in the Company's Circular.


Management and insiders of the Company have indicated they will be participating in the Rights Offering.


About Avidian Gold Corp.


Avidian Gold brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include Amanita which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska, Jungo and Dome Hill in Nevada and Strickland in Newfoundland.


Avidian Gold is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Avidian Gold has 56,160,756 shares issued and outstanding.


For further information, please contact:


David Anderson, President and CEO


Mobile: 403 688 8863


Email: danderson@avidiangold.com


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 news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

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8020 Admin

4 months

8020 Admin posted a press release Avidian Summarizes 2018 Results and Provides its 2019 Activity Plans in AVIDIAN GOLD CORP.

TORONTO, Ontario / TheNewswire / March 4, 2019 - Avidian Gold Corp. ("Avidian" or the "Corporation") (TSX-V:AVG) wishes to provide a summary of the major 2018 exploration results and corporate activity as well as its ongoing 2019 work program plans. The 2018 exploration program was focused on the Golden Zone property that is situated within the gold-endowed Tintina Mineral Belt, which is known to host a number of multi-million ounce gold deposits. The property is located 320 km north of Anchorage, Alaska and is conveniently accessed by a 16 km road west of the main highway between Anchorage and Fairbanks, which is also the main corridor for power and rail between the two cities.


Key results from Avidian's exploration to date indicate the following.


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=AVG%3ACX2&qmodStoryID=6671830892582049 

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8020 Admin

5 months

8020 Admin posted a press release Avidian Announces Management Changes and Appointment of CFO in AVIDIAN GOLD CORP.

TORONTO, Ontario / TheNewswire / February 4, 2019 - Avidian Gold Corp. ("Avidian" or the "Corporation") (TSX-V:AVG) wishes to announce that effective immediately Mr. David Anderson will be assuming the role of CEO in addition to sitting as Chairman of the Board. Mr. Nick Tintor has tendered his resignation as President, CEO and Director of Avidian as a result of changes in circumstances relating to other business interests. In addition, Avidian is pleased to announce the appointment of Ms. Donna McLean, as the Company's new Chief Financial Officer ("CFO"). Ms. McLean replaces Victor Bradley who has been serving as interim CFO. Ms. McLean brings more than 20 years of financial management and reporting experience to Avidian and has worked for several junior and intermediate exploration companies located in Canada and abroad. Ms. McLean has been granted 100,000 options which can be exercised to purchase a common share of the Corporation at $0.40 for a period of five years. The options will vest over a three-year period.


David Anderson, Chairman and CEO said. "On behalf of the Board of Directors, I want to welcome Donna to Avidian. I look forward to working with her. I'd also like to thank Vic for serving as interim CFO and Nick for his contributions to Avidian. Nick's support in the past year has been greatly appreciated and on behalf of the Board I'd like to wish him the best in his other endeavours".


About Avidian Gold Corp.


Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include Amanita which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska and Jungo and Dome Hill in Nevada. The Strickland and Black Raven properties, both located in Newfoundland, are held within Hide Tide Resources Corp, a private subsidiary company of Avidan


Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Avidian Gold has 57,021,683 shares issued and outstanding. Further details on the Corporation and the individual projects, including the NI 43-101 Technical report on the Goldden Zone property, can be found on the Corporation's website at www.avidiangold.com.


For further information, please contact:


David Anderson, Chairman and CEO


Mobile: 403 688 8863


Email: danderson@avidiangold.com


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 news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

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8020 Admin

5 months

8020 Admin posted a press release Avidian Gold Provides an Update on a Non-Brokered Financing in AVIDIAN GOLD CORP.


NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Ontario / TheNewswire / January 15, 2019 - Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) is pleased to provide an update on a previously announced non-brokered private placement of units of the Company for gross proceeds of up to $1,000,000 (the "Offering") earlier announced in press releases dated October 22, 2018 and November 21, 2018.


The Company announces an amendment to the terms of the Offering. The Offering will be conducted by way of a non-brokered private placement of up to 1,000 debenture units of the Company ("Units") each Unit consisting of a C$1,000 principal amount three (3) year unsecured interest-bearing convertible debenture (a "Debenture") and five thousand (5,000) common share purchase warrants of the Company (each a "Warrant").


Each Warrant will entitle the holder to acquire one common share of the Company (a "Common Share") at a purchase price of C$0.76 per share for a period of 36 months from the the closing of the Offering, subject to the Company's option to accelerate the term of the Warrants in the event that the trading price of Common Shares on the TSX Venture Exchange equals or exceeds $1.00 for twenty consecutive trading days by providing a 30 day notice to warrant holders.


The Debentures will be convertible into Common Shares at a price of $0.40 per Common Share ("Conversion Price") at an option of an investor at any time prior to maturity day of the Debenture.


The Debenture will bear an annual interest calculated a rate of either 8% or 12% as follows: Debentures will bear an 8% annual interest for investors who elect at the time of subscription for Units to receive the accrued interest in semi-annual cash payments; the Debenture will bear a 12% annual interest rate for investors who elect to receive the accrued interest through conversion of the interest into Common Shares at the Conversion Price upon the maturity of the outstanding principal amount of the Debentures, in which case the accrued interest will be added to the outstanding principal amount of Debentures on a semi-annual basis.


Management and insiders of the Company have indicated they will be participating in the Offering.


About Avidian Gold Corp.


Avidian Gold brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include Amanita which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska, Jungo and Dome Hill in Nevada and Strickland in Newfoundland.


Avidian Gold is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Avidian Gold has 56,160,756 shares issued and outstanding.


For further information, please contact:


Nick Tintor, President and CEO


Mobile: 416 953 4244


Office: 416 987 0855


Email: ntintor@avidiangold.com


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 news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

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8020 Admin

7 months

8020 Admin posted a press release Avidian Announces Spinout of its Canadian Property And Value Creation Initiative through High Tide Resources in AVIDIAN GOLD CORP.

Toronto, Ontario / TheNewswire / November 26, 2018 - Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) is pleased to announce that it has spun out its Strickland base metal project located in southern Newfoundland, into a 100%-owned Ontario incorporated private company called High Tide Resources Corp. ("High Tide").


Avidian's goal will be to take High Tide public within the next 18 months.


The creation of High Tide is part of Avidian's value creation initiative whereby any property asset that is not deemed to be core to its portfolio or is not being properly valued within Avidian will be spun out into a subsidiary company. The objective is to maximize shareholder value for Avidian properties held in Canada and Nevada.


Key benefits to Avidian and its shareholders include:




  • - No financial dilution to Avidian;


    - Avidian will retain a 50% interest in High Tide following a flow-through share financing; and


    - Avidian, via its share ownership, will have exposure to any exploration success High Tide has in Newfoundland.




High Tide has also entered into an option agreement to acquire a 100% interest in the Black Raven Gold Project, located in northern Newfoundland.


High Tide's Board of Directors will mirror the current board of Avidian comprised of Messrs David Anderson, Doug Kirwin, James Polson, Nick Tintor and Dino Titaro, with Mr. David Anderson appointed as Chairman and CEO of High Tide.


High Tide Properties


Figure 1 below shows the location of the two High Tide properties in Newfoundland.


Black Raven


The 12.25 sq km Black Raven property hosts numerous high-grade gold showings where grab samples include 32.1 g/t Au, 18.3 g/t Au and 14.0 g/t Au, with elevated to high-grade copper, lead and zinc values and anomalous silver and molybdenum.


The highest metals values from different grab samples are 671 g/t Ag, 3.8% Cu, 32.0% Pb, 10.6% Zn and 8,370 ppm Mo. Although the property as a whole is significantly underexplored, approximately 10% has been surveyed by a ground IP/resistivity geophysical program that has identified several chargeability anomalies proximal to known mineralization.


It is anticipated that drill targets can be developed quickly in these areas and in other areas of untested surface mineralization where High Tide has defined five areas for its immediate exploration focus.


The mineralization model is an Intrusion Related Gold System ("IRGS"), with a possible porphyry component. This is similar to mineralization in the Tintina Gold Belt in Alaska and Yukon where Avidian has developed expertise over the past three years.


High Tide has an option to earn a 100% interest in the Black Raven property over 3 years via the issuance of $275,000 in shares and the completion of at least $70,000 of exploration work. The vendor retains a 2% NSR of which 1.75% can be purchased by High Tide for $2,000,000.


It should be noted that assay results from grab samples, due to their selective nature, may not be representative of the overall grade and extent of mineralization in the subject area. Grab sample values are from a database of 375 samples collected with values ranging from below or at the detection limit to the values quoted above.


Strickland


The 5.25 sq km Strickland property is located in southern Newfoundland and is 100% owned by High Tide. The property covers the best 3 strike km of a >20 km long prospective tuff horizon in Paleozoic interlayered submarine volcanic and sedimentary rocks.


Surface results collected by High Tide personnel in 2012 include channel samples of 4 m grading 0.3 g/t Au, 263 g/t Ag, 2.05% Pb and 3.96% Zn and 8 m grading 1.37 g/t Au, 19.7 g/t Ag and 1.5% Cu.The exploration target for the property is to define one or more precious metal rich VMS deposits.


Three resources, which are historical estimates and will require follow up work, were previously defined on the property by Falconbridge Nickel Mines Inc. between 1980 and 1981.


Main Zone: 260,000 t grading 5.25% Pb-Zn, 195 g/t Ag


North Extension: 750,000 t grading 2% Pb-Zn


Silver Hill: 15,000 t grading 2% Pb-Zn, 480 g/t Ag


Copper-gold stringer mineralization is also present in several showings.


The resource estimates described above are historical estimates as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects S.2.4 ("NI 43-101").


The Company has not completed the work required to independently analyze and verify the results of the previous operators nor has a qualified person completed sufficient work to classify the estimates as current mineral resources or mineral reserves. As a result, Avidian is not treating these estimates as current mineral resources or mineral reserves.


The Company believes these historic results provide an indication of the potential of the property and are relevant from an on-going exploration perspective.


In addition to the properties above, High Tide is also reviewing other gold projects in Canada with the objective of possibly acquiring a third property in order to build critical mass within the Company.


High Tide Financing


To fund the exploration program required to advance the properties, High Tide is planning a flow-through share financing by way of a non-brokered private placement of up to $ 1 million. Flow- through shares will be issued at a price of $0.10. The pre-money valuation of High Tide is $1.0 million.


Nevada Properties


Avidian recognizes that its current valuation is predominantly based on its Alaskan assets. As part of its value creation initiative Avidian is also conducting a strategic review on how best to maximize value from its two Nevada properties, Jungo and Dome Hill.


About Avidian Gold Corp.


Avidian brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include Amanita which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska and Jungo and Dome Hill in Nevada. The Strickland and Black Raven properties, both located in Newfoundland, are held within the subsidiary company Hide Tide Resources Corp.


Avidian is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Avidian has 56,160,756 shares issued and outstanding.


For further information, please contact:


Nick Tintor, President and CEO


Mobile: 416 953 4244


Office: 416 987 0855


Email: ntintor@avidiangold.com


The technical information contained in this news release has been approved by Dr. Tom Setterfield, P.Geo., Vice President Exploration of Avidian, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.


Further detailed information on the Golden Zone Property can be found in the Technical report dated August 17, 2017 prepared by Leon McGarry, B.Sc., P.Geo and Ian D. Trinder, M.Sc., P.Geo (the "Technical Report") that has been posted on SEDAR.


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 news release.


Forward-looking Information


Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains regulatory approval. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.


Figure 1 - High Tide Property Locations



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8020 Admin

7 months

8020 Admin posted a press release Avidian Gold Provides Update on Financing: Doug Kirwin Elected to Board of Directors in AVIDIAN GOLD CORP.

TORONTO, Ontario / TheNewswire / November 21, 2018 - Avidian Gold Corp. ("Avidian" or the "Company") (TSX-V:AVG) is pleased to provide an update on the previously announced private placement of units (the "Units") announced in the Company's news release dated October 22, 2018.


The Company is adjusting the terms of the financing so as to better reflect the current weakness in market conditions. The proposed non-brokered financing will be conducted by way of a private placement of Units at C$0.35 per Unit for gross proceeds of up to C$1,000,000 (the "Offering"). Each Unit will be comprised of one (1) common share of the Company (a "Common Share") and one half of a transferable Common Share purchase warrant (a "Warrant"). Each full Warrant will entitle the holder thereof to acquire one Common Share at C$0.50 for a period of 24 months from the date of closing of the Offering, subject to an option of the Company to accelerate the expiry date of the Warrants, in the event that the Common Shares trade above $0.65 for twenty consecutive trading days on the TSX Venture Exchange by providing a notice to warrant holders. Upon receipt of such Warrant acceleration notice, Warrant holders will be able to exercise the Warrants within a 30-day period.


The net proceeds from the Offering shall be primarily used for advancing the Golden Zone gold-copper project in Alaska and for general corporate purposes.


The Offering is conditional upon receipt of required regulatory approvals, including the approval of the TSX Venture Exchange. The Common Shares and the Warrants issued pursuant to the Offering, as well as any compensation options issued to founders will be subject to a four month hold period in accordance with applicable Canadian securities laws.


Board Appointment and AGM Results


The Company is also pleased to announce the election of Mr. Doug Kirwin to the Company's Board of Directors at its Annual and Special Shareholders Meeting ("Meeting") held on November 15, 2018.


Mr. Kirwin is a geologist with more than 45 years of experience holding executive positions with Anglo American and Amax in the 1970s and then as Managing Director of an international mineral consultancy in the 1980s and 1990s.


In 1995, Doug joined Indochina Goldfields Ltd., which became Ivanhoe Mines Limited and stayed with the company until its acquisition by Rio Tinto Group in 2012.


As Executive Vice President of Ivanhoe Mines, Doug was a key member of the discovery team which found the world class Hugo Dummet deposit at Oyu Tolgoi in Mongolia and was a co-recipient of PDAC's inaugural Thayer Lindsley Medal awarded for the most significant international mineral discovery in 2004.


Nick Tintor, President and CEO stated, "We are delighted to have a person of Doug's stature and international reputation join the Avidian Gold board of Directors. Doug has already been extremely active working with management as an advisor and we all look forward to his increased involvement with our company."


Mr. Kirwin has been granted 150,000 options which can be exercised to purchase a common share of the Company at $0.60 for a period of five years. The options will vest over a three-year period.


At the Meeting, shareholders of the Company also re-elected existing directors David Anderson, Dino Titaro, James Polson and Nick Tintor to the board. The shareholders of Avidian also approved an amended stock option plan, which has also received approval from the TSX-Venture Exchange.


About Avidian Gold Corp.


Avidian Gold brings a disciplined and veteran team of project managers together with a regional scale advanced stage gold-copper exploration portfolio in Alaska. Avidian's Golden Zone project also hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). Additional projects include Amanita which is adjacent to Kinross Gold's Fort Knox gold mine in Alaska, Jungo and Dome Hill in Nevada and Strickland in Newfoundland.


Avidian Gold is focused on and committed to the development of advanced stage mineral projects throughout first world mining friendly jurisdictions using industry best practices combined with a strong social license from local communities. Avidian Gold has 56,160,756 shares issued and outstanding.


For further information, please contact:


Nick Tintor, President and CEO


Mobile: 416 953 4244


Office: 416 987 0855


Email: ntintor@avidiangold.com


 


The technical information contained in this news release has been approved by Dr. Tom Setterfield, P.Geo., Vice President Exploration of Avidian, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.


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 news release.


Forward-looking information


This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws


This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.


NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

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