Broadway Gold Mining Ltd.

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Through its wholly owned Montana‐based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in the two mines...

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Broadway Gold Mining Ltd.

publicPublicGroup

Through its wholly owned Montana‐based subsidiary, Broadway Gold Corp., the Company is focused on the exploration an......

people9 Members       (0)

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8020Admin

16 hours

8020Admin posted a press release IIROC Trading Halt - BRD in BROADWAY GOLD MINING LTD.





VANCOUVER, July 5, 2019 /CNW/ - The following issues have been halted by IIROC:


Company: Broadway Gold Mining Ltd.


TSX-Venture Symbol: BRD (All Issues)


Reason: At the Request of the Company Pending News


Halt Time (ET): 11:08 AM


IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.


SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions


View original content: http://www.newswire.ca/en/releases/archive/July2019/05/c9342.html

For further information about IIROC's trading halt policy, please see Trading Halts & Timely Disclosure (http://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx) at www.iiroc.ca under the Halts & Resumptions tab. Please note that IIROC staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about IIROC, contact IIROC's Complaints & Inquiries team at inquiries@iiroc.ca or 1-877-442-4322 (Option 2). For company-related enquiries, contact the company directly.

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8020Admin

12 days

8020Admin posted a press release Broadway Announces Commencement of Drilling at Madison in BROADWAY GOLD MINING LTD.


OAKVILLE, Ontario, June 24, 2019 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (OTCPK: BDWYF) (FWB: BGH) is pleased to announce that Kennecott Exploration Company (“Kennecott”), part of the Rio Tinto Group, has commenced with a drilling campaign at Broadway’s Madison copper-gold project located in the Butte Region of Montana.


The initial drilling program consists of three drill holes targeting an area displaying multi-element soil and rock chip geochemical anomalies, historic prospects, strong Induced Polarization (IP) anomalies and porphyry drill intercepts identified by Broadway’s technical team as per the news release dated October 26, 2017 and four holes targeting skarn mineralization.


Details of the drilling program will be released as information is made available.


About Broadway Gold Mining Ltd.


Through its wholly owned Montana-based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the delineation of the porphyry source of their mineralization. The Company owns a 100% interest in the two mines and has staked an area of four-square-miles in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for mining and exploration.


Approximately $20 million has been invested in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 oz/ton Au from 1880 to 1950, the Madison produced bulk samples of 13,242 tons at an average grade of 25% Cu and 0.32 oz/ton gold from 2005 to 2011 (see Broadway news release dated October 17, 2016, citing historic production figures from Coronado Resources Ltd.).


In April 2019, Broadway and Kennecott Exploration Company, a division of the Rio Tinto Group, signed an earn-in agreement with option to enter into a joint venture for 70% interest after spending US$50 million. Subsequent to signing this agreement, Broadway signed a purchase arrangement to acquire a direct 85% interest in the historic Tsumeb Mine in Namibia, Africa, including the Tsumeb West Mine, Uris copper-vanadium mine and 50 km of prospective copper-vanadium exploration ground containing over 10 historic mining operations.


For more information:
Duane Parnham
Executive Chairman
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:
Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


 Primary Logo


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8020Admin

1 month

8020Admin posted a press release Broadway Acquires Copper/Vanadium Mining Camp in Namibia in BROADWAY GOLD MINING LTD.



  • Tsumeb West Mine development property, past-producing Tsumeb Mine and numerous copper targets on strike to historical Uris and producing Tschudi mines (operated by Weatherly International plc);



  • Ten separate vanadate mineralized prospects and past-producing mines are situated within extensive land package west of Tsumeb Mine;



  • First time this extensive land package has been assembled by a junior resource company with exploration and development focus;



  • Board and management’s extensive success in Namibia will be leveraged to enhance shareholder value.



OAKVILLE, Ontario, June 03, 2019 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (OTCQB: BDWYF) (FWB: BGH) is pleased to announce that the Company is expanding its effort to identify world-class deposits and has acquired an 85% interest in an extensive land package in Namibia, Africa. The land is known for hosting both large high-grade polymetallic deposits (Tsumeb Mine) and stratabound copper-silver-cobalt deposits (Zambian Copper Belt, Kalahari Copper Belt), as well as unique deposits of gold, vanadium, germanium and uranium.


“Namibia is a mineral-rich country with world-class base-metal and uranium deposits. Broadway’s management team has successfully worked in the country for over 19 years, and delivered a number of unique opportunities to shareholders during this time,” says Duane Parnham, Executive Chairman of Broadway. “Over the years, Namibia has grown into an excellent, development-friendly jurisdiction with mining companies like B2 Gold, Dundee and others successfully operating in the country, and we look forward to establishing a strong exploration presence. We believe our access to the Tsumeb mining camp will give us another opportunity to show that we can upgrade a promising project to development or alternatively attract a major partner like Kennecott, a division of Rio Tinto, at our Madison copper project located south east of Butte, Montana.”


Four Exploration Prospecting Licences (“EPLs”) – 6074, 6075, 6257 and 6999 – have been purchased with known mineralization over a total strike length of 30 kms west of Tsumeb, Namibia. Within these licences, which cover 56.3 square kms (see Figure 1), ten former vanadium mines and prospects occur as well as three former copper mines, five of which produced unknown amounts of vanadium in the early half of the 20th Century. All the past-producing mines and prospects on the EPLs are hosted in the Tsumeb Super Group and include the Alt Bobos, Bobosberg N and S, Torassen, Uris, Karavatu, Tsumeb West, Tsumeb and Freisenberg mines.


The four EPLs also cover numerous copper occurrences that extend from and surround the Tschudi copper mine (49.7 Mt of .8% Cu) (from published reports by Weatherly Mining), and this copper horizon extends east to the Tsumeb Mine, which produced 30 Mt of 10% Pb, 4.3% Cu, 3.5% Zn, 100 ppm Ag (3 oz), 50 ppm Ge (germanium) with other amounts of Sb, Ga, Cd by-products from 1905 to 1996 (from production records published by the Geological Survey of Namibia).  Unmined zones still remain to the side of the main mine workings and will be followed up in a planned exploration program. The Tsumeb West Mine known for copper, silver and vanadium production lies within the EPLs. Tsumeb West was briefly mined in 2007-2008. The Tsumeb smelter, owned and operated by Dundee Precious Metals of Toronto, and the town of Tsumeb (44,000 pop.) sit on the eastern boundary of the property.


Figure 1: General geology and licenses is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8923036-6bda-4874-9d51-16f153124f86


Figure 2: Regional geology and copper vanadium occurrences of the Tsumeb Mine area is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a6b4a2b-19b0-4518-984c-af926855c4cb


Approximately 35 kms east, the four EPL licences surrounding Tsumeb, the Abenab and Christina mines were larger producers of vanadium (please see information published by Golden Deeps Limited of Australia, including its news release dated April 8, 2019, and the Geological Survey of Namibia). These deposits, on the properties of Golden Deeps Limited, are all hosted in Neoproterozoic sediments and the majority of the vanadium occurs in the Tsumeb Super Group of rocks in brittle fracture zones and breccia pipes. The figures quoted in this news release are taken from a publication by the Geological Survey of Namibia.


Broadway has signed license transfer agreements with three separate Namibian corporations to acquire an undivided 85% interest by paying a total of US$50,000 and issuing three-million common shares. The agreements are subject to TSXV approval and successful transfer of 85% interest in the EPLs into a Namibian corporation 100% controlled by Broadway.


Qualified Person


The properties referenced in this news release have been inspected in the field by Robert S. (“Bob”) Middleton, P.Eng., Broadway’s Qualified Person as defined by NI 43-101. Mr. Middleton has also reviewed and approved the technical information contained in this news release.


About Broadway Gold Mining Ltd.


Through its wholly owned Montana-based subsidiary, Broadway Gold Corp. together with Kennecott Exploration Company (“Kennecott”), part of the Rio Tinto Group, signed an Earn-In with Option to Joint Venture Agreement on its Madison copper-gold project on April 30, 2019, and are focused on the exploration and development of the Broadway and Madison mines, and the delineation of the porphyry source of their mineralization. The Company has staked an area of four-square-miles in the Butte-Anaconda region of Montana, a porphyry-based mining district, and is permitted for mining and exploration.


Approximately $20 million has been invested prior to the Kennecott JV in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 oz/ton Au from 1880 to 1950, the Madison produced bulk samples of 13,242 tons at an average grade of 25% Cu and 0.32 oz/ton gold from 2005 to 2011 (see Broadway news release dated October 17, 2016, citing historic production figures from Coronado Resources Ltd.).


Broadway and Kennecott are expanding known copper and gold zones that are open to depth; working a surface exploration program that has identified new anomalies along the two-mile contact zone; and planning to drill porphyry targets identified by soil geochemistry, geophysics, and the discovery of latite porphyry in holes C17-24 and C17-C27 (see Broadway news release dated January 22, 2018) that appear to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:
Duane Parnham
Executive Chairman
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com  


Media:
Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Figure 1: General geology and licenses




Figure 1: General geology and licenses



Figure 2: Regional geology and copper vanadium occurrences of the Tsumeb Mine area



Figure 2: Regional geology and copper vanadium occurrences of the Tsumeb Mine area


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8020Admin

2 months

8020Admin posted a press release Broadway and Kennecott Sign Earn-In with Option to Joint Venture Agreement in BROADWAY GOLD MINING LTD.

OAKVILLE, Ontario, April 30, 2019 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (OTCQB: BDWYF) (FWB: BGH) is pleased to announce that it has signed an Earn-In with Option to Joint Venture Agreement with Kennecott Exploration Company (“Kennecott”), part of the Rio Tinto Group, on its Madison copper-gold project located in the Butte Region of Montana.


Key Points:



  • Kennecott earn-in milestones in order of dollar value are as follows:



    • USD$30-million earn-in over 11 years that generates a 30% retained interest for Broadway shareholders; or,


    • USD$15-million earn-in over eight years that generates a 35% retained interest for Broadway shareholders; or,


    • USD$5-million earn-in over five years that generates a 45% retained interest for Broadway shareholders;




  • Minimum of USD$1 million of exploration expenditures in the first year.


  • Cash to Broadway of USD$225,000 over the first five years.


  • Kennecott may request Broadway  to conduct exploration on its behalf during the first year in return for a 10% administration charge.


  • Broadway has the right to conduct independent drilling and exploration of the skarn zones during the first year.


  • Broadway has a Right of First Offer to acquire Kennecott’s interest in the property in the event Kennecott wishes to divest its interest.


  • The Joint Venture (JV) may be formed with 55% to Kennecott and 45% to Broadway upon the satisfaction of the first earn-in; 65% to Kennecott and 35% to Broadway upon the satisfaction of the second earn-in; or 70% to Kennecott and 30% to Broadway upon the satisfaction of the third earn-in.


  • The JV will be managed by Rio Tinto and funded by each participant in accordance with their interest.


  • Broadway may elect to not fund its interest and be diluted down to a 10% interest. If Broadway is diluted below a 10% interest, its interest will convert to a 2% net smelter royalty capped at USD$50 million.


Under the terms of the Earn-in Agreement, Kennecott has an option to acquire a 55% undivided interest in the property by incurring exploration and related expenditures of USD$5 million within the first five years, including a minimum exploration budget of USD$1 million in the first year. If Kennecott exercises the first option, it may elect to earn an additional 10% undivided interest, for a total undivided interest of 65%, by incurring additional expenditures of USD$10 million within the following three years. If Kennecott exercises the second option, it may elect to earn an additional 5% undivided interest, for a total of 70%, by incurring additional expenditures of USD$15 million within the subsequent three-year period.  Kennecott may elect to create the JV after exercising each option to earn-in. 


The initial exploration program applications have been submitted to the Bureau of Land Management, Montana.


“Signing this agreement is testimony to the excellent technical work performed to date by our team of geologists and consultants,” said Duane Parnham, Executive Chairman of Broadway. “We are ideally located near Butte, Montana, in a porphyry camp with what appears to be a Cadia-like skarn-over-porphyry deposit.”


Robert S. (“Bob”) Middleton, P.Eng., Broadway’s Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this news release.


About Broadway Gold Mining Ltd.


Through its wholly owned Montana-based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the delineation of the porphyry source of their mineralization. The Company owns a 100% interest in the two mines and has staked an area of four-square-miles in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for mining and exploration.


Approximately $20 million has been invested in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 oz/ton Au from 1880 to 1950, the Madison produced bulk samples of 13,242 tons at an average grade of 25% Cu and 0.32 oz/ton gold from 2005 to 2011.


The Company has expanded known copper and gold zones that are open to depth and has worked a surface exploration program that identified new anomalies along the two-mile contact zone identified by its soil geochemistry, geophysics, and discovery of Latite porphyry in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appear to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:
Duane Parnham
Chairman & CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:
Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

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8020Admin

3 months

8020Admin posted a press release Broadway Appoints Duane Parnham Executive Chairman in BROADWAY GOLD MINING LTD.

OAKVILLE, Ontario, April 09, 2019 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (OTCQB: BDWYF) is pleased to announce the appointment of Duane Parnham as Executive Chairman, assuming the roles of President and CEO, effective May 1, 2019. Parnham has served as a Director and conducted managerial duties since Broadway commenced trading as BRD on the TSX Venture Exchange on October 18, 2016.


The Company’s current President and CEO, Thomas Smeenk, is stepping down to pursue other endeavours.


"On behalf of the Board of Directors, I extend our sincerest thanks to Thomas for his important contributions to the Company’s progress and wish him every success with his future plans,” said Parnham. “We continue to work diligently to advance the exploration and development of our Broadway and Madison mines, and remain excited by our progress to date."


In addition, Broadway announces that Board members, consultants and employees have been granted a total of 675,000 options to purchase common shares of the Company at $0.10 each, exercisable for a period of five years from the date of issuance (the “Options”). The Options vest immediately and are subject to regulatory approval.


About Broadway Gold Mining Ltd.


Through its wholly owned Montana-based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the delineation of the porphyry source of their mineralization. The Company owns a 100% interest in the two mines and has staked an area of four-square-miles in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for mining and exploration.


Approximately $20 million has been invested in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 oz/ton Au from 1880 to 1950, the Madison produced bulk samples of 13,242 tons at an average grade of 25% Cu and 0.32 oz/ton gold from 2005 to 2011.


The Company is expanding known copper and gold zones that are open to depth with a 2,200-foot infill drill program; working a surface exploration program that has identified new anomalies along the two-mile contact zone; seeking a senior mining company to drill porphyry targets identified by its soil geochemistry, its geophysics, and its discovery of Latite porphyry in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appear to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Duane Parnham
Executive Chairman
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

4 months

8020Admin posted a press release Broadway Announces Financing Closed, NI 43-101 Update and Quotation as BGH in BROADWAY GOLD MINING LTD.

OAKVILLE, Ontario, March 04, 2019 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (FWB: BGH) (OTCQB: BDWYF) is pleased to announce that it has closed its previously announced non-brokered private placement of securities (the “Offering”). Broadway will file an updated NI 43-101 Report on SEDAR and in the technical section of the Company’s website in the next week. The Company is now quoted as BGH on five exchanges in Germany.


Pursuant to the Offering, the Company issued 6,201,000 units at a price of $0.07 per unit for gross proceeds of $434,070. Each unit is comprised of one share and one-half of one share purchase warrant. Each whole share purchase warrant is exercisable at any time during the 12-month period following the issuance thereof to acquire one common share at a price of $0.15 per share. A finder’s fee of 8% ($22,136) was paid with respect to subscriptions by investors introduced to the Company by finders. All securities issued in connection with the Offering are subject to a restricted period of four months and one day following the issuance thereof. The Offering is subject to the approval of the TSX Venture Exchange. The Company may complete further closings of the Offering; however, there is no assurance it will do so.


Broadway’s updated NI 43-101 will be released in the next week. It includes the following highlights:



  • 35% Cu and 23 grams per tonne (“gpt”) Au from mill settlements* of 2,429 tonnes and 1,342 tonnes, respectively;

  • 25% Cu and 17.8 gpt Au, average grades, from mill settlements of a bulk sample of 13,242 tonnes;

  • 62,230 feet of drilling, 150 holes, with Madison mine-related data now modeled in Vulcan 3D;

  • UG17-05, total length 189 feet, true width approximately 80% of core length, intercepted 24.5 gpt Au + 0.391% Cu over 100 feet, containing 68.6 gpt Au + 0.375% Cu over 15 feet and 82.9 gpt Au + 0.366% Cu over 9 feet;

  • Alteration zoning from propylitic to phyllic that is typical of porphyry systems moving toward mineralized core, in hole C17-24 drilled to a depth of 1,237 feet, which ended in latite porphyry. Exhibiting similar characteristics to the latite porphyry hosted at Barrick’s Golden Sunlight Mine the carbonate-latite porphyry contact was intercepted at 988 feet and exhibits pervasive propylitic alteration at the contact. A zone of phyllic alteration was encountered measuring over 41 feet, from 1,014 to 1,055 feet, consisting of closely spaced quartz-pyrite veinlets and pyrite microveinlets. The pyrite disseminations and blebs are surrounded by a fine-grained gray sulfide, either sphalerite or galena. In places within the core of the phyllic alteration zone, narrow micro breccia and hydrothermal streaming textures can be seen. Hole C17-24 was designed to evaluate a chargeability anomaly identified within a highly prospective part of the property; 

  • Interpreted porphyry mineralization at depth given surface-based strontium/yttrium ratios in combination with statistically significant coincident gold, silver, copper, molybdenum, manganese, lead and zinc over a 2.4-kilometer contact zone, which is based on 571 rock chip, 1,468 soil and 231 retrospective soil samples;

  • Induced polarization and other geophysical surveys that combine data to a depth of 1,680 feet from resistivity, chargeability and magnetics, inclusive of mineralized zones, that identified four resistivity lows, four resistivity highs, seven chargeability highs and two magnetic highs interpreted to be associated with the skarn and porphyry source of the mineralization; and,

  • The Company is permitted for mining and exploration.


Data Verification



  • *Mill settlements mean the grade post mill process; it is the amount of copper and gold per tonne that is recovered, which is used to calculate a royalty.

  • Supervision, organization and splitting of core samples were undertaken by Company personnel. Samples were collected in three-foot intervals from half core samples, catalogued and stored in a secure location. Data verification for this report consisted of taking quarter cuts of core during the QP’s site visit between April 23, 2017 and May 2, 2017. All QP cut samples were kept by the QP and shipped independently for assaying to ALS Mineral Laboratories, Vancouver, BC.


Broadway’s shares are quoted in three currencies (CAD, USD, Euro) and quoted under symbols BRD in Canada, BDWYF in the USA and BGH in Germany. 


Qualified Person


Robert S. (“Bob”) Middleton, P.Eng., Broadway’s Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this news release.


About Broadway Gold Mining Ltd.


Through its wholly owned Montana-based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the delineation of the porphyry source of their mineralization. The Company owns a 100% interest in the two mines and has staked an area of four-square-miles in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for mining and exploration.


Approximately $20 million has been invested in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 oz/ton Au from 1880 to 1950 to a depth of 750 feet, the Madison is a new mine developed from 2007 to 2012 to a depth of 215 feet. The Madison mine has produced bulk samples of 13,242 tons at an average grade of 25% Cu and 0.32 oz/ton gold.


Currently, Broadway is expanding known copper and gold zones that are open to depth and seeking a senior mining company to drill porphyry targets identified by its soil geochemistry, its geophysics, and its discovery of Latite porphyry in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appear to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Darren Stewart posted an update in BROADWAY GOLD MINING LTD.

5 months

Welcome Thomas Smeenk, to your Investor Group.

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8020Admin

5 months

8020Admin posted a press release Vulcan 3-D Modelling Defines Significant Zones at Madison, Underground Phase II & III Drilling Planned in BROADWAY GOLD MINING LTD.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWSWIRE SERVICES

OAKVILLE, Ontario, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V:BRD) (OTCQB:BDWYF) is pleased to announce that it has completed a Vulcan 3-D model of its Madison Project in the Butte-Anaconda region of Montana. Based on the positive results generated, Broadway is planning a new multi-phased underground diamond drilling program.  The Phase II and III programs will target the expansion of known high-grade gold and copper massive sulphide and skarn zones of mineralization. Previous Madison mine test stope production grades between 2005 – 2011, based on mill settlement statements of 13,242 tonnes, average 25% copper and 17.8 grams per tonne gold, which included a mill settlement of a bulk sample of 2,429 tonnes of 35% copper and 1,372 tonnes of 23.0 grams per tonne gold. 


Development of the Vulcan 3-D model utilized all available underground 2-D mine working plans as well as underground and surface diamond-core drill results from 150 holes, incorporating 62,329 feet (18,998 m) of drilling. Phil Mulholland, Broadway’s chief geologist, supervised the modelling work.


The follow-up multi-phase drill program is supported by the 3-D model as shown in Figure 1.  A Phase II drill program will evaluate two high grade gold zones: the “MS 4890,” a massive sulphide gold skarn; and, the “East Drift,” a zone of mixed massive sulfide and skarn.  The Phase III drill program will target a third zone between the “Cu_higrade_2” and “Cu_higrade_3” zones, a copper-rich skarn.


The MS 4890 is a block of 2,177 tonnes averaging 24.96 grams per tonne gold and 1.10 % copper. The East Drift zone is defined by three holes: 86-6, 25.71 grams per tonne Au over 7.3 meters; 88-C9, 11.3 grams per tonne Au over 8.8 meters; and C06-13, 10.6 grams per tonne Au over 12.2 meters. Cu_higrade_2 is a zone of 86,767 tonnes of 3.46% Cu; and, Cu_higrade_3 is a zone of 86,736 tonnes of 2.61% Cu.


The Company is currently budgeting a 2,200-foot (670 meters) Phase II program consisting of twelve diamond drill holes from two underground stations.  Seven core holes, representing 1,200 feet (366 meters), will be dedicated to the MS 4890 zone. Five core holes, approximately 1,000 feet (305 meters), will be dedicated to the East Drift.  It is anticipated the MS 4890 drill results will extend that zone 100 vertical feet down dip, connecting mineralization of the Madison mine to the adjacent Broadway mine’s 900 level. The Broadway Mine has produced 144,000 ounces of gold at 0.32 oz/ton (11 grams per tonne).


Upon completion of the Phase II program, a Mise-a-La–Masse geophysical survey will be used to map the geometry of the conductive massive sulphide body at depth. This approach was successful at Madison in 2017 when it was used to delineate the massive sulphide ore body at depth from surface. Mise-a-la-Masse is a geophysical method developed by Boliden AB to measure the conductivity and, thereby, the shape of a massive sulphide mineralized body. With improved understanding of the geometry and orientation of the known massive sulphide mineralization, the Company expects to improve targeting of future drilling.


“Mise-a-la-Masse is to drilling massive sulphide ore bodies as leapfrogging is to startup businesses,” said Thomas Smeenk, CEO. “Each underground massive sulphide zone can be shaped by its conductivity. That geometry and orientation enables the team to drill more statistically significant results.”


The Company intends to raise $490,000 in a non-brokered private placement of seven million units. Each unit consists of a common share at $0.07 and one half share purchase warrant.  Each whole Warrant may be exercised at $0.15 to acquire a common share of the Company within 12 months from date of closing. A Commission of 8% of proceeds raised may be paid to brokers and qualified finders.


About Broadway Gold Mining Ltd.


Through its wholly owned Montana-based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in the two mines and has staked an area of four-square-miles in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for mining and exploration.  Approximately $20 million has been invested in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 Oz/ton (11 grams per tonne) Au from 1880 – 1950, the Madison produced bulk samples of 13,242 tonnes at an average grade of 25% Cu and 11 grams per tonne gold from 2005-2011. The Company is expanding known copper and gold zones that are open to depth with a 2,200 foot (670 meter) infill drill program; working a surface exploration program that has identified new anomalies along the two-mile contact zone; seeking a senior mining company to drill porphyry targets identified by its soil geochemistry, its geophysics, and its discovery of Latite porphyry in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appear to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6e5a3cbc-4fc3-4bba-8c7e-f1483a760b45



Figure 1 – Madison mine proposed programs



 



Figure 1 – Madison mine proposed programs: Phase II drill holes in yellow, Phase III drill holes in blue; Madison mine main access ramp in green (4 meters by 4 meters); Broadway mine 900 level in brown.



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8020Admin

5 months

8020Admin posted a press release 2.4 Kilometers Strontium/Yttrium Ratios Trend Confirms Broadway's Gold-Copper Porphyry System in BROADWAY GOLD MINING LTD.

OAKVILLE, Ontario, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (OTCQB: BDWYF) is pleased to announce the discovery of statistically significant strontium/yttrium ratios over a 2.4 kilometer contact zone.  Broadway’s data is based on 571 rock chip and 1,468 soil samples taken across prospective areas of the property, including the Broadway and Madison mines.   The geochemical model reveals distinctive Sr/Y ratio-based-anomalies that are found throughout a 2.4-kilometer zone of strong structural preparation and mineralization. Following these findings, the field team completed a retrospective analysis of the rock chip and soil geochemistry files and corroborated similar favorable Sr/Y ratios in 231 samples.


Read more: https://quotemedia.com/portal/quote?qm_symbol=BRD%3ACC&qmodStoryID=6897790266142277 

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8020Admin

5 months

8020Admin posted a press release Medcolcanna Agreement Expired in BROADWAY GOLD MINING LTD.

OAKVILLE, Ontario, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (OTCQB: BDWYF): The proposed acquisition of Medcolcanna (BVI) Corp by the Company announced October 23, 2018 and the associated financing announced October 29, 2018 has expired, as Medcolcanna failed to sign an extension to the Letter of Intent (“LOI”) agreement by October 31, 2018. 


“Our intent was to provide shareholders with a two for one: one share of Medcolcanna for each nine shares of Broadway, plus one share of new Broadway for each one share of old Broadway, as a way to generate value for our shareholders while continuing to focus on and develop our mining assets,” said Thomas Smeenk, CEO. “However, Medcolcanna failed to sign the agreement necessary for us to complete the announced transactions, leaving Broadway with no way to conclude them. Per the LOI, Medcolcanna is solely responsible to pay all legal costs associated with the proposed transactions,” Smeenk added.


About Broadway Gold Mining Ltd.


Broadway is focused on the exploration and development of the Broadway and Madison mines and the delineation of the porphyry source of their mineralization. Historically, the mines produced a cumulative 151,500 ounces of gold and 3,020,000 pounds of copper. The Company’s NI 43-101 defines average mill settlement grades of 16% copper and 0.36 ounces per ton gold. The Company owns 100% right, title and interest in 450 acres of land, a 192-acre ranch, buildings, mine equipment and fixtures, six patented mineral claims, 35 unpatented mineral claims and mineral rights to a four-square-mile porphyry-based property in the Butte-Anaconda region of Montana. 


For more information:


Thomas A. Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

5 months

8020Admin posted a press release Broadway Gold Mining Ltd. Announces Brokered Private Placement of Subscription Receipts in BROADWAY GOLD MINING LTD.

Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

OAKVILLE, Ontario, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Further to its press release dated October 22, 2018, Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSXV-BRD OTCQB:BDWYF) is pleased to announce a best efforts private placement (the “Offering”) of subscription receipts (“Subscription Receipts”) of Medcolcanna (BVI) Corp. (“Medcolcanna”). Pursuant to the Offering, Medcolcanna will issue up to 20,000,000 subscription receipts (the “Subscription Receipts”) at a price of CAD$0.25 per Subscription Receipt (the “Issue Price”) for gross proceeds of up to CAD$5,000,000. Each Subscription Receipt shall entitle the holder to receive, upon satisfaction of certain escrow release conditions, and without payment of additional consideration, one unit in the capital of Medcolcanna (a “Unit”). At the effective time of the completion of Broadway’s proposed reverse take-over with Medcolcanna (the “Proposed Transaction”), each Unit acquired upon conversion of the Subscription Receipts will be automatically exchanged for one Unit (a “Resulting Issuer Unit”) in the capital of the reporting issuer resulting from the completion of the Proposed Transaction (the “Resulting Issuer”). Each Resulting Issuer Unit will be comprised of one common share in the capital of the Resulting Issuer (a “Resulting Issuer  Share”) and one-half of one common share purchase warrant of the Resulting Issuer (each whole common share purchase warrant, a “Resulting Issuer Warrant”).


Each Resulting Issuer Warrant shall be exercisable to acquire one Resulting Issuer Share (a “Resulting Issuer Warrant Share”) at a price per Resulting Issuer Warrant Share of CAD$0.40 for a period of 24 months from the closing of the Offering (the “Closing Date”). If, at any time after six months have elapsed from the Closing Date, the weighted average daily trading price of the Resulting Issuer Shares on the TSX Venture Exchange (the “TSX-V”) for 10 consecutive trading days is CAD$0.70 per Resulting Issuer Share or higher, the Resulting Issuer may accelerate the expiry time of the Resulting Issuer Warrants.


The syndicate for the Offering is comprised of GMP Securities L.P, as lead agent, and Canaccord Genuity Corp. (collectively, the “Agents”).    


The Agents are entitled to receive a commission equal to 6.0% of the gross proceeds raised in the Offering (the “Commission”) and broker warrants (the “Compensation Options”), exercisable to acquire, within two years of the Closing Date, in the aggregate, Units equal to 6.0% of the number of Subscription Receipts sold under the Offering, at an exercise price equal to the Issue Price per Subscription Receipt.  Subject to the satisfaction of certain escrow release conditions, pursuant to the Proposed Transaction (the “Escrow Release Conditions”), each Compensation Option will be exchanged for one Compensation Option of the Resulting Issuer (each a “Resulting Issuer Compensation Option”).  Each Resulting Issuer Compensation Option shall entitle the holder thereof to subscribe for one Resulting Issuer Unit (the “Exchange Ratio”) at a price equal to the Issue Price multiplied by the Exchange Ratio for a period of two years from the Closing Date. If the Escrow Release Conditions are not satisfied on or before the Escrow Release Date, the Compensation Option shall be immediately cancelled. The Commission will be paid to the Agents upon closing of the Offering (from the aggregate subscription proceeds from the Offering).  


Fifty percent (50%) of the Commission will be paid by the Company on the Closing Date with the balance (50%) paid to the Agents upon the satisfaction of the Escrow Release Conditions. 


Medcolcanna intends to use the net proceeds from the Offering to fund the construction of facilities necessary for the production and processing of medicinal cannabis in Colombia. 


About Broadway Gold Mining Ltd.


Broadway is focused on the exploration and development of the Broadway and Madison mine and the delineation of the porphyry source of their mineralization; the Company’s right, title and interest to the Broadway and Madison mine - 450 acres of land, a 192 acre ranch, buildings, mine equipment and fixtures, 6 patented, 35 unpatented mineral claims, and mineral rights to a four-square-mile property in the Butte-Anaconda region of Montana, a porphyry-based mining district - will be spun-out to Broadway’s current shareholders as a result of the Proposed Transaction. Assuming completion of the Proposed Transaction, Broadway will have acquired the business of Medcolcanna, will be a cultivator, manufacturer and distributor of medicinal cannabis based in Colombia, and is expected to be a Life Sciences Issuer under the policies of the TSX-V.


Further Information


All information contained in this news release with respect to Broadway and Medcolcanna was supplied by the parties respectively for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.


For further information regarding the Proposed Transaction, please contact:


Thomas A. Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:


This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the terms and conditions of the proposed Offering and the use of proceeds raised in the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release.


Broadway and Medcolcanna assume no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


The securities to be offered in the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.


Neither the TSX-V nor its regulation services provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release and neither of these entities has in any manner passed upon the merits of the Transaction or any associated transactions.   


 

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8020Admin

5 months

8020Admin posted a press release Broadway Gold Mining Ltd Announces Proposed Acquisition of Medcolcanna (BVI) Corp. and Related Financing Transactions in BROADWAY GOLD MINING LTD.

Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

OAKVILLE, Ontario, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd (“Broadway” or the “Company”) (TSXV-BRD OTCQB:BDWYF) is pleased to announce that it has entered into a binding letter agreement (the “Letter Agreement”) with Medcolcanna (BVI) Corp., a privately held issuer existing under the laws of the British Virgin Islands (“Medcolcanna”), which outlines the general terms and conditions pursuant to which Broadway and Medcolcanna have agreed to complete a transaction (the “Transaction”) that will result in a reverse take-over of Broadway by the current shareholders of Medcolcanna. The Letter Agreement was negotiated at arm’s length and is effective as of October 18, 2018.


Medcolcanna’s wholly-owned Colombian subsidiary, Medcolcanna S.A.S. (the “Medcolcanna SAS”) is in the process of establishing operations in Colombia as a producer of both THC and cannabidiol medical cannabis. Medcolcanna intends to combine its scientific expertise and Colombia’s inherent agricultural advantages of cost and high quality cannabis that arise from consistent 12 hours of daylight year-round, minor seasonal temperature fluctuations, a strong history of agricultural exports, fertile soil and an available, low cost and experienced labour force. Its business plan forecasts leveraging its team’s international business expertise, particularly in trading, sales and marketing, its agronomic knowledge and Colombia’s agricultural advantages.


Medcolcanna SAS has received three licenses for the: (1) cultivation of psychoactive (high THC) medical cannabis, (2) cultivation of non-psychoactive (THC<1%) medical cannabis, (3) production, domestic distribution and international export of both THC and cannabidiol medical cannabis. Medcolcanna SAS has 4 hectares of land approved for the planting of medical cannabis crops, located in a very secure area close to Bogota, upon which it plans to immediately start construction of facilities and greenhouses, which ultimately may include cornerstone public facilities. Medcolcanna SAS also has options on an additional 120 hectares of land, allowing it to rapidly expand as the business grows.


Mr. Duane Parnham, Chairman of Broadway, commented “We are extremely pleased to have reached agreement with Medcolcanna and look forward to closing the transaction and bringing value to Broadway's and Medcolcanna's shareholders. We have every confidence in Felipe and his team, all of whom will be based in Colombia, and in their abilities and business plan.”


Terms of the Transaction and Financing Matters


It is currently anticipated that the proposed Transaction will be effected by way of a share exchange or other similar form of transaction as is acceptable to the parties. There are currently outstanding an aggregate of 42,459,204 common shares in the capital of Broadway (each, a “Broadway Common Share”) and 39,362,659 common shares in the capital of Medcolcanna (each, a “Medcolcanna Share”).  Additionally, Broadway has outstanding approximately 20,559,000 share purchase warrants exercisable at prices ranging from $0.10 to $1.60 (the “Broadway Warrants”) and 3,765,000 stock options exercisable at prices ranging from $0.05 to $0.43 (the “Broadway Options”), and Medcolcanna has 3,681,330 share purchase warrants outstanding (the “Medcolcanna Warrants”), with each Medcolcanna Warrant being exercisable into one Medcolcanna Share at an exercise price of $0.25 for a period of 12 months from the date of issuance thereof.


Pursuant to the proposed Transaction, the holders of the issued and outstanding Medcolcanna Shares shall receive one post-Consolidation (as defined below) Broadway common share for each Medcolcanna common share held. As well, Broadway has agreed to seek shareholder approval for, among other things: (i) the consolidation of its outstanding shares, warrants and options on a 9 old share for 1 new share basis (the “Consolidation”); and (ii) subject to TSX Venture Exchange approval, the spin-out to Broadway’s existing shareholders of all of the mining assets related to its Broadway and Madison mine (the “Spin-out”).


On or immediately prior to the completion of the proposed Transaction, it is anticipated that Broadway will effect; (i) the Consolidation, (ii) the Spin-out, and (iii) the Name Change (as defined herein).  Additionally, the board of directors of Broadway shall be reconstituted to consist of nominees of Medcolcanna and all existing officers of Broadway shall resign and be replaced by nominees of Medcolcanna, as further described below.


Medcolcanna completed in September 2018 a non-brokered private placement of 7,362,659 units (“Medcolcanna Units”) at a price of $0.09 per Medcolcanna Unit for aggregate gross proceeds of $662,639. Each Medcolcanna Unit consisted of one Medcolcanna Share and one-half of one Medcolcanna Warrant, with each whole Medcolcanna Warrant being exercisable into one Medcolcanna Share at an exercise price of $0.25 for a period of 12 months following issuance. The proceeds of such financing are being used for working capital purposes and to pay for costs associated with acquiring Medcolcanna SAS.


Prior to the completion of the Transaction, it is anticipated that Medcolcanna will complete two additional securities offerings, as follows:



  • Medcolcanna intends to complete a non-brokered offering of 1,000,000 Medcolcanna Units at a price of $0.09 per unit (the “Non-Brokered Offering”) for gross proceeds of approximately $90,000.  Each Medcolcanna Unit will consist of one Medcolcanna Share and one-half of one Medcolcanna  Warrant, with each whole Medcolcanna Warrant being exercisable into one Medcolcanna Share at an exercise price of $0.25 for a period of 12 months following issuance.

  • Medcolcanna anticipates completing a brokered private placement of approximately 20,000,000 subscription receipts (the “Subscription Receipts”) at a price of C$0.25 per Subscription Receipt for gross proceeds of approximately $5,000,000 (the “Brokered Offering”). It is anticipated that each Subscription Receipt shall entitle the holder to receive, upon satisfaction of certain escrow release conditions, and without payment of additional consideration, one unit in the capital of Medcolcanna (a “Unit”). Each Unit shall consist of one Medcolcanna Share and one-half of one Medcolcanna Share purchase warrant (each whole warrant, a “Warrant”), which Units shall be exchanged, without further consideration, for one Unit in the capital of the Resulting Issuer (as defined herein), upon the completion of the proposed Transaction. Following the exchange for Units of the Resulting Issuer, each Warrant of the Resulting Issuer (a “Resulting Issuer Warrant”) shall entitle the holder thereof to acquire one common share of the Resulting Issuer (a “Resulting Issuer Share”) at a price of $0.40 per Resulting Issuer Share for a period of 24 months following issuance.


If and when completed, the net proceeds from the Non-Brokered and Brokered Offerings (collectively, the “Offerings”) will be used to expand the business of Medcolcanna, for working capital and for general corporate purposes. The proceeds of the Non-Brokered Offering will be immediately available to Medcolcanna for working capital purposes.


Further details regarding the Brokered Offering will be included in a subsequent news release once additional details become available.


Upon completion of the Transaction, and assuming the maximum gross proceeds in the Offerings are raised, there will be 65,080,348 post-Consolidation common shares of the combined entity (the “Resulting Issuer”) issued and outstanding, of which it is expected that the current shareholders of Broadway will hold approximately 7.2%, purchasers in the Offerings will hold approximately 32.3%, and the former shareholders of Medcolcanna will hold approximately 60.5%.


The proposed Transaction is subject to requisite regulatory approvals and standard closing conditions, including the approval of the directors of each of Broadway and Medcolcanna of a definitive agreement in respect of the Transaction (the “Definitive Agreement”), as well as the conditions described below. The obligations of Broadway and Medcolcanna pursuant to the Letter Agreement shall terminate in certain specified circumstances, including in the event that the Definitive Agreement is not executed by October 31, 2018.


Upon completion of the Transaction, it is the intention of the parties that the Resulting Issuer will continue to focus on the current business and affairs of Medcolcanna SAS.


Insiders, Officers and Board of Directors of the Resulting Issuer


It is expected that upon completion of the Transaction the Resulting Issuer will have a board of five individuals, all of whom shall be nominated by Medcolcanna.  As of the date hereof, and subject to regulatory approval, Medcolcanna anticipates that the Resulting Issuer will have the following officers and directors (with additional board nominees to be named later):


Felipe de la Vega – President, CEO and Director


Mr. de la Vega was the founder of Trenaco Holdings Group (“Trenaco”), a major Latin American commodity trading company with revenues of US$800 million in 2014. As CEO of Trenaco for 10 years, he developed strong relationships with domestic and global commodities companies and vertically integrating the value chain through the acquisition of profitable assets such as coal mines, metcoke ovens, quality labs, stockyards, and transportation infrastructure.  Under Mr. de la Vega, Trenaco became the second largest exporter of coking coal in Colombia, and was the 17th largest Colombian exporter and 76th largest Colombian company for 2013-2014, as well as being ranked first for growth prospects.


Chris Reid - Chief Financial Officer


Mr. Reid has served as the Chief Executive Officer and President of Petrodorado Energy Ltd., a petroleum company with operations in Colombia, since January 2016 and as the Chairman since May 2016. Mr. Reid also served as the Chief Financial Officer from February 2012 to January 2016, where he was involved in the successful turnaround of the company through a divestiture program. Mr. Reid is a Chartered Professional Accountant whose career includes 12 years of experience in industry and international business. Mr. Reid is currently a director SOPerior Fertilizer Corp. (TSX: SOP; formerly Potash Ridge Corp.), and Petrodorado (TSXV: PDQ). Mr. Reid is a member of the Institute of Chartered Accountants of Alberta and the Chartered Professional Accountants of Alberta. Mr. Reid holds a Bachelor of Business Administration from Saint Francis Xavier University.


Nicolas Rodrigues – Chief Operating Officer


Mr. Rodrigues is an agricultural engineer with more than 13 years of experience leading innovation and business development in the agricultural industry.  He has strong leadership skills and technological knowledge in agricultural production. Mr. Rodrigues previously held the position of General Manager at The Clinton Giustra Enterprise Partnership, a social business builder that brings entrepreneurial solutions to agribusinesses, farmers and fishermen.


Robert James Metcalfe - Director


Mr. Metcalfe, a lawyer, was senior partner with the law firm Lang Michener, LLP for 20 years. He is the former President and Chief Executive Officer of Armadale Properties and Counsel to all of the Armadale Group of Companies, with significant holdings across numerous industries including finance, construction of office buildings, airport ownership, management and refurbishing, land development, automotive dealerships as well as newspaper, radio and television stations.  Mr. Metcalfe has served as President, CEO, Lead Director, Chairman and Committee member on numerous publicly listed natural resource and industry company corporate boards in Canada, the USA, England, South America and Africa. As director and shareholder, Mr. Metcalfe has been engaged in numerous acquisitions, divestitures, corporate reorganizations, financings and corporate improvements, as well as serving on numerous special committees across many sectors.  He is a member of the Institute of Corporate Directors and a member in good standing of the Law Society of Upper Canada.


Thor Borresen - Director


Mr. Borresen is an Industrial Engineer from the Javeriana University in Cali, Colombia and is currently the Marketing Vice-president of Bavaria, the Colombian operation of AB-InBev, the world’s leading brewer. In his current position, he is responsible for leading the development of a complete portfolio of local and international beer brands, boosting category growth and building the equity of the brands. His main challenge is to keep the category alive and relevant among young adults, through a strategy of brand renovation, innovation and digital connection with consumers and stakeholders. His professional career spans over 14 years in different commercial roles. Before joining Bavaria, he was part of the marketing team in Kraft Foods Colombia and Venezuela, overseeing local and regional markets.  Recently, he led the development and launch of a new business unit: The High End Company, integrating the roles of Sales, Marketing, Finance and Logistics for a group of Global and Craft brands.


Conditions to the Transaction


Completion of the Transaction will be subject to a number of conditions of closing that are customary for a transaction of this nature, including, without limitation:



  • Broadway shall obtain receipt of requisite shareholder approvals in connection with the following matters: (i) the Consolidation; (ii) the Spin-out; (iii) a change of name to “Medcolcanna Organics Corp.” or such other name as may be requested by Medcolcanna and acceptable to applicable regulatory authorities (the “Name Change”); (iv) the election of the directors of the Resulting Issuer to replace the current directors of Broadway immediately following the completion of the proposed Transaction; and (v) the approval of the Transaction, if required by regulatory authorities.

  • Completion of the Offerings.

  • Broadway and Medcolcanna entering into the Definitive Agreement.

  • The common shares of the Resulting Issuer having been approved for listing on the TSX Venture Exchange or another recognized Canadian stock exchange.


The Definitive Agreement, once completed, will be filed under Broadway’s issuer profile on SEDAR at www.sedar.com.


Inter-Company Relationships


Officers, directors and principal shareholders of Broadway may subscribe for Subscription Receipts in the Offering.


About Broadway Gold Mining Ltd.


Until execution of the Letter Agreement, Broadway was focused on the exploration and development of the Broadway and Madison mine and the delineation of the porphyry source of their mineralization; the Company’s right, title and interest to the Broadway and Madison mine - 450 acres of land, a 192 acre ranch, buildings, mine equipment and fixtures, 6 patented, 35 unpatented mineral claims, and mineral rights to a four-square-mile property in the Butte-Anaconda region of Montana, a porphyry-based mining district - will be spun-out to Broadway’s current shareholders as a result of the Transaction. Assuming completion of the Transaction, Broadway will have acquired the business of Medcolcanna, will be a cultivator, manufacturer and distributor of medicinal cannabis based in Colombia, and is expected to be a Life Sciences Issuer under the policies of the TSX Venture Exchange.


Broadway anticipates it will be seeking to rely on an exemption, or a waiver, from the sponsorship requirements of the TSX Venture Exchange.


Further Information


All information contained in this news release with respect to Broadway and Medcolcanna was supplied by the parties respectively for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.


For further information regarding the proposed Transaction, please contact:


Thomas A. Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:


This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the terms and conditions of the proposed Transaction; the terms and conditions of the proposed Offerings; receipt of all regulatory licenses required for the cultivation, production, domestic distribution and international export of cannabis and cannabis-related products; use of proceeds raised in the Offerings, the proposed officers and directors of the Resulting Issuer; and the business and operations of the Resulting Issuer after the consummation of the proposed Transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release.


Broadway and Medcolcanna assume no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


The securities to be offered in the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release and neither of these entities has in any manner passed upon the merits of the Transaction or any associated transactions.

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8020Admin

5 months

8020Admin posted a press release Broadway Announces Market-Making Arrangement in BROADWAY GOLD MINING LTD.

VANCOUVER, British Columbia, Oct. 02, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (“Broadway” or the “Company”) is pleased to announce that it has retained Lakeshore Securities Inc. (“Lakeshore”) of Toronto, Ontario to provide market-making services. The market-making services will be undertaken by Lakeshore in compliance with the guidelines of the TSX Venture Exchange. This arrangement is in addition to the market-making services being provided by Integral Wealth Securities as announced on February 8, 2017.


Under the terms of the agreement, Broadway will pay Lakeshore a monthly fee of up to CAD$5,000 plus applicable taxes for a trial period of three months, commencing October 1, 2018. After the three-month period, and if both parties are in agreement, the contract will roll over on a month-to-month basis with 30 days written notice required to terminate the contract.


There are no performance factors contained in the agreement and Lakeshore will not receive any shares or options from Broadway as compensation for the services it will render. Broadway and Lakeshore are unrelated and unaffiliated entities, but Lakeshore and/or its clients may have a direct interest in the securities of Broadway.


About Lakeshore Securities Inc.


Lakeshore is a Canadian securities dealer located in Toronto, Ontario and provides advisory and brokerage services to institutional, retail and high net worth individual investors. Lakeshore is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF).


About Broadway Gold Mining Ltd.


Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in a four-square-mile property in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for exploration and bulk sampling. Of two underground mines, one, the Madison, is Mine Safety and Health Administration (MSHA) compliant. While actively expanding known copper and gold zones open for development, the Company’s exploration program has identified new anomalies along the two-mile contact zone, and across its extensive four-square-mile land package. The Company confirmed a Latite porphyry discovery in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appears to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

5 months

8020Admin posted a press release Broadway Announces Management Changes in BROADWAY GOLD MINING LTD.

VANCOUVER, British Columbia, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (“Broadway” or the “Company”)  is pleased to announce the appointments of Eric Myung, CPA, CA, as Chief Financial Officer of the Company and Ms. Jo-Anne Archibald, MBA, ICD.D as Corporate Secretary, replacing Suzanne Wood who remains a Director.


Mr. Myung is a Senior Financial Analyst for Marrelli Support Services Inc. (“MSSI”) and will provide services through MSSI. For over 20 years, MSSI has provided accounting, regulatory compliance, management and advisory services to numerous issuers listed on the TSX, and other Canadian and US exchanges.


Previously, Mr. Myung worked at a public accounting firm focused on small and medium business. He is a Canadian Chartered Professional Accountant and has a Master of Accountancy degree from University of Waterloo.


Ms. Archibald will provide services through DSA Corporate Services Inc. (“DSA”). DSA is owned by the same beneficial owners as MSSI. Ms. Archibald brings corporate governance experience to the Company having served previously as Senior Vice President at TMX Equicom and is currently President of DSA.


About Broadway Gold Mining Ltd.


Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in a four-square-mile property in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for exploration and bulk sampling. Of two underground mines, one, the Madison, is Mine Safety and Health Administration (MSHA) compliant. While actively expanding known copper and gold zones open for development, the Company’s exploration program has identified new anomalies along the two-mile contact zone, and across its extensive four-square-mile land package. The Company confirmed a Latite porphyry discovery in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appears to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

5 months

8020Admin posted a press release Broadway Announces Financing Closed in BROADWAY GOLD MINING LTD.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWSWIRE SERVICES

Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (“Broadway” or the “Company”) today closed its previously announced non-brokered private placement of $450,000. The offering of 4,500,000 common shares at 10 cents ($0.10) each is subject to a four month hold period that expires on December 23, 2018. Insiders, Duane Parnham, Chairman and Thomas Smeenk, President and CEO, together subscribed for 26% of the offering. Ten investors subscribed for the balance of the offering. A commission of 8%, totaling $9,520, was paid to four firms for four subscriptions. The Company will use the proceeds to complete a preliminary economic assessment of the Madison Mine and for general working capital purposes.


About Broadway Gold Mining Ltd.


Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in a four-square-mile property in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for exploration and bulk sampling. Of two underground mines, one, the Madison, is Mine Safety and Health Administration (MSHA) compliant. While actively expanding known copper and gold zones open for development, the Company’s exploration program has identified new anomalies along the two-mile contact zone, and across its extensive four-square-mile land package. The Company confirmed a Latite porphyry discovery in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appears to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

5 months

8020Admin posted a press release Broadway Announces Oversubscribed Financing and Grants Stock Options in BROADWAY GOLD MINING LTD.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWSWIRE SERVICES

VANCOUVER, British Columbia, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (“Broadway” or the “Company”) today announced an increase to its previously announced non-brokered private placement, from $300,000 to up to $450,000. The offering consists of common shares at 10 cents ($0.10) each, which will result in the issuance of up to 4,500,000 shares. The Company will use the proceeds to complete a preliminary economic assessment of the Madison Mine and for general working capital purposes.


Subject to exchange approval, a grant of 100,000 options to each of Bob Middleton, Victoria Donato, Dr. Roger Laine, Shawn Parnham, Duane Parnham and Thomas Smeenk, and a grant of 25,000 options to Phil Mulholland, to acquire shares at $0.20 each, will be filed with the regulator. Options granted to officers, directors and consultants employed by the Company vest immediately and may be exercised for a period of 5 years from the date of grant.


About Broadway Gold Mining Ltd.


Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in a four-square-mile property in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for exploration and bulk sampling. Of two underground mines, one, the Madison, is Mine Safety and Health Administration (MSHA) compliant. While actively expanding known copper and gold zones open for development, the Company’s exploration program has identified new anomalies along the two-mile contact zone, and across its extensive four-square-mile land package. The Company confirmed a Latite porphyry discovery in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appears to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

5 months

8020Admin posted a press release Broadway Announces Robert S. Middleton as its Qualified Person in BROADWAY GOLD MINING LTD.

VANCOUVER, British Columbia, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (“Broadway” or the “Company”) is pleased to announce the appointment of Robert S. (“Bob”) Middleton, PEng., as its Qualified Person (“QP”) and a mergers and acquisition resource to assist the company with its technical presentations, due diligence of and negotiations with potential partners. 


“Bob’s technical skills, field work, mine discoveries, company-building achievements and successes within the communities he has worked, commands the attention of mining majors,” said Thomas Smeenk, CEO, Broadway.  “I look forward to his counsel as we work together to attract a producer who can drill the porphyry source of the high grade copper and gold mineralization at our property and consummate other mining business growth.”


Bob’s mine discoveries include the Bell Creek mine and the Golden Giant (Hemlo) mine which he co-discovered with Bruce Durham. Bob has completed acquisition-focused economic reviews of most gold mines in North and Central America, and he has completed more than 25 feasibility studies. Bob put the Penhorwood Talc mine into production for Steetley Minerals Canada Ltd., and he has played a role in putting seven other mines into production.


With fifty-one years of company building experience encompassing the formation of seven junior mining companies including one which was purchased by a major, Bob is a pioneer in geology-geophysics, petrochemistry, petrology, remote sensing, airborne resistivity and gravity program sciences. Bob’s technical firsts include: being the first geophysicist for the Ontario Department of Mines; introducing the gravity mapping program for Ontario; completing the first airborne resistivity survey and map of the sand and gravel deposits in Whitechurch; completing the first airborne geophysical surveys and airborne geochemistry surveys in the Sturgeon Lake area;  and, subsequently, becoming the first to complete such surveys all over the world.


Bob is the recipient of the 2008 Prospector of the Year Award (Ontario), the 2001 and 2004 Discovery of the Year Award, the Northwestern Ontario Prospectors Association (NWOPA), and the 2014 Lifetime Achievement Award, NWOPA.


Bob is a Member of the Ontario Association of Professional Engineers and the Canadian Institute of Mining and Metallurgy, and a former Member of the Association of Exploration Geochemists, the Society of Economic Geologists, the Society of Geology Applied to Ore Deposits and the Geological Association of Canada. Bob is a graduate of the Provincial Institute of Mining (Haileybury School of Mines) and Michigan Technological University (B.S. and M.S. Applied Geophysics), and he attended the University of Toronto’s PhD program in Geology.


About Broadway Gold Mining Ltd.


Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in a four-square-mile property, which is in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for exploration and bulk sampling. Of two underground mines, one, the Madison, is Mine Safety and Health Administration (MSHA) compliant. While actively expanding known copper and gold zones open for development, the Company’s exploration program has identified new anomalies along the two-mile contact zone, and across its extensive four-square-mile land package. The Company confirmed a Latite porphyry discovery in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appears to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

5 months

8020Admin posted a press release Broadway Announces Lock-up Agreement in BROADWAY GOLD MINING LTD.

VANCOUVER, British Columbia, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (“Broadway” or the “Company”) is pleased to announce that a Lock-up Agreement has been signed between Steve Hanson, Suzanne Wood, CFO, Thomas Smeenk, CEO, and Duane Parnham, Chairman (the “Lock-up Shareholders”).


The agreement provides management with a right of first refusal to purchase the lock-up shares. It provides for a release of the lock-up shares by unanimous consent of a block trade, or upon a change of control.  Combined, the Lock-up Shareholders hold 4,432,167 shares, 2,116,167 warrants, and 1,350,000 options that are subject to Lock-up. The agreement expires on July 31, 2019.


About Broadway Gold Mining Ltd.


Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in a four-square-mile property, which is in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for exploration and bulk sampling. Of two underground mines, one, the Madison, is Mine Safety and Health Administration (MSHA) compliant. While actively expanding known copper and gold zones open for development, the Company’s exploration program has identified new anomalies along the two-mile contact zone, and across its extensive four-square-mile land package. The Company confirmed a Latite porphyry discovery in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appears to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Broadway Gold Mining Ltd.

publicPublic Group

Through its wholly owned Montana‐based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in the two mines...

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Broadway Gold Mining Ltd.

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Through its wholly owned Montana‐based subsidiary, Broadway Gold Corp., the Company is focused on the exploration an......

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8020Admin

16 hours

8020Admin posted a press release IIROC Trading Halt - BRD in BROADWAY GOLD MINING LTD.





VANCOUVER, July 5, 2019 /CNW/ - The following issues have been halted by IIROC:


Company: Broadway Gold Mining Ltd.


TSX-Venture Symbol: BRD (All Issues)


Reason: At the Request of the Company Pending News


Halt Time (ET): 11:08 AM


IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.


SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions


View original content: http://www.newswire.ca/en/releases/archive/July2019/05/c9342.html

For further information about IIROC's trading halt policy, please see Trading Halts & Timely Disclosure (http://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx) at www.iiroc.ca under the Halts & Resumptions tab. Please note that IIROC staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about IIROC, contact IIROC's Complaints & Inquiries team at inquiries@iiroc.ca or 1-877-442-4322 (Option 2). For company-related enquiries, contact the company directly.

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8020Admin

12 days

8020Admin posted a press release Broadway Announces Commencement of Drilling at Madison in BROADWAY GOLD MINING LTD.


OAKVILLE, Ontario, June 24, 2019 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (OTCPK: BDWYF) (FWB: BGH) is pleased to announce that Kennecott Exploration Company (“Kennecott”), part of the Rio Tinto Group, has commenced with a drilling campaign at Broadway’s Madison copper-gold project located in the Butte Region of Montana.


The initial drilling program consists of three drill holes targeting an area displaying multi-element soil and rock chip geochemical anomalies, historic prospects, strong Induced Polarization (IP) anomalies and porphyry drill intercepts identified by Broadway’s technical team as per the news release dated October 26, 2017 and four holes targeting skarn mineralization.


Details of the drilling program will be released as information is made available.


About Broadway Gold Mining Ltd.


Through its wholly owned Montana-based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the delineation of the porphyry source of their mineralization. The Company owns a 100% interest in the two mines and has staked an area of four-square-miles in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for mining and exploration.


Approximately $20 million has been invested in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 oz/ton Au from 1880 to 1950, the Madison produced bulk samples of 13,242 tons at an average grade of 25% Cu and 0.32 oz/ton gold from 2005 to 2011 (see Broadway news release dated October 17, 2016, citing historic production figures from Coronado Resources Ltd.).


In April 2019, Broadway and Kennecott Exploration Company, a division of the Rio Tinto Group, signed an earn-in agreement with option to enter into a joint venture for 70% interest after spending US$50 million. Subsequent to signing this agreement, Broadway signed a purchase arrangement to acquire a direct 85% interest in the historic Tsumeb Mine in Namibia, Africa, including the Tsumeb West Mine, Uris copper-vanadium mine and 50 km of prospective copper-vanadium exploration ground containing over 10 historic mining operations.


For more information:
Duane Parnham
Executive Chairman
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:
Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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8020Admin

1 month

8020Admin posted a press release Broadway Acquires Copper/Vanadium Mining Camp in Namibia in BROADWAY GOLD MINING LTD.



  • Tsumeb West Mine development property, past-producing Tsumeb Mine and numerous copper targets on strike to historical Uris and producing Tschudi mines (operated by Weatherly International plc);



  • Ten separate vanadate mineralized prospects and past-producing mines are situated within extensive land package west of Tsumeb Mine;



  • First time this extensive land package has been assembled by a junior resource company with exploration and development focus;



  • Board and management’s extensive success in Namibia will be leveraged to enhance shareholder value.



OAKVILLE, Ontario, June 03, 2019 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (OTCQB: BDWYF) (FWB: BGH) is pleased to announce that the Company is expanding its effort to identify world-class deposits and has acquired an 85% interest in an extensive land package in Namibia, Africa. The land is known for hosting both large high-grade polymetallic deposits (Tsumeb Mine) and stratabound copper-silver-cobalt deposits (Zambian Copper Belt, Kalahari Copper Belt), as well as unique deposits of gold, vanadium, germanium and uranium.


“Namibia is a mineral-rich country with world-class base-metal and uranium deposits. Broadway’s management team has successfully worked in the country for over 19 years, and delivered a number of unique opportunities to shareholders during this time,” says Duane Parnham, Executive Chairman of Broadway. “Over the years, Namibia has grown into an excellent, development-friendly jurisdiction with mining companies like B2 Gold, Dundee and others successfully operating in the country, and we look forward to establishing a strong exploration presence. We believe our access to the Tsumeb mining camp will give us another opportunity to show that we can upgrade a promising project to development or alternatively attract a major partner like Kennecott, a division of Rio Tinto, at our Madison copper project located south east of Butte, Montana.”


Four Exploration Prospecting Licences (“EPLs”) – 6074, 6075, 6257 and 6999 – have been purchased with known mineralization over a total strike length of 30 kms west of Tsumeb, Namibia. Within these licences, which cover 56.3 square kms (see Figure 1), ten former vanadium mines and prospects occur as well as three former copper mines, five of which produced unknown amounts of vanadium in the early half of the 20th Century. All the past-producing mines and prospects on the EPLs are hosted in the Tsumeb Super Group and include the Alt Bobos, Bobosberg N and S, Torassen, Uris, Karavatu, Tsumeb West, Tsumeb and Freisenberg mines.


The four EPLs also cover numerous copper occurrences that extend from and surround the Tschudi copper mine (49.7 Mt of .8% Cu) (from published reports by Weatherly Mining), and this copper horizon extends east to the Tsumeb Mine, which produced 30 Mt of 10% Pb, 4.3% Cu, 3.5% Zn, 100 ppm Ag (3 oz), 50 ppm Ge (germanium) with other amounts of Sb, Ga, Cd by-products from 1905 to 1996 (from production records published by the Geological Survey of Namibia).  Unmined zones still remain to the side of the main mine workings and will be followed up in a planned exploration program. The Tsumeb West Mine known for copper, silver and vanadium production lies within the EPLs. Tsumeb West was briefly mined in 2007-2008. The Tsumeb smelter, owned and operated by Dundee Precious Metals of Toronto, and the town of Tsumeb (44,000 pop.) sit on the eastern boundary of the property.


Figure 1: General geology and licenses is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8923036-6bda-4874-9d51-16f153124f86


Figure 2: Regional geology and copper vanadium occurrences of the Tsumeb Mine area is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a6b4a2b-19b0-4518-984c-af926855c4cb


Approximately 35 kms east, the four EPL licences surrounding Tsumeb, the Abenab and Christina mines were larger producers of vanadium (please see information published by Golden Deeps Limited of Australia, including its news release dated April 8, 2019, and the Geological Survey of Namibia). These deposits, on the properties of Golden Deeps Limited, are all hosted in Neoproterozoic sediments and the majority of the vanadium occurs in the Tsumeb Super Group of rocks in brittle fracture zones and breccia pipes. The figures quoted in this news release are taken from a publication by the Geological Survey of Namibia.


Broadway has signed license transfer agreements with three separate Namibian corporations to acquire an undivided 85% interest by paying a total of US$50,000 and issuing three-million common shares. The agreements are subject to TSXV approval and successful transfer of 85% interest in the EPLs into a Namibian corporation 100% controlled by Broadway.


Qualified Person


The properties referenced in this news release have been inspected in the field by Robert S. (“Bob”) Middleton, P.Eng., Broadway’s Qualified Person as defined by NI 43-101. Mr. Middleton has also reviewed and approved the technical information contained in this news release.


About Broadway Gold Mining Ltd.


Through its wholly owned Montana-based subsidiary, Broadway Gold Corp. together with Kennecott Exploration Company (“Kennecott”), part of the Rio Tinto Group, signed an Earn-In with Option to Joint Venture Agreement on its Madison copper-gold project on April 30, 2019, and are focused on the exploration and development of the Broadway and Madison mines, and the delineation of the porphyry source of their mineralization. The Company has staked an area of four-square-miles in the Butte-Anaconda region of Montana, a porphyry-based mining district, and is permitted for mining and exploration.


Approximately $20 million has been invested prior to the Kennecott JV in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 oz/ton Au from 1880 to 1950, the Madison produced bulk samples of 13,242 tons at an average grade of 25% Cu and 0.32 oz/ton gold from 2005 to 2011 (see Broadway news release dated October 17, 2016, citing historic production figures from Coronado Resources Ltd.).


Broadway and Kennecott are expanding known copper and gold zones that are open to depth; working a surface exploration program that has identified new anomalies along the two-mile contact zone; and planning to drill porphyry targets identified by soil geochemistry, geophysics, and the discovery of latite porphyry in holes C17-24 and C17-C27 (see Broadway news release dated January 22, 2018) that appear to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:
Duane Parnham
Executive Chairman
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com  


Media:
Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Figure 1: General geology and licenses




Figure 1: General geology and licenses



Figure 2: Regional geology and copper vanadium occurrences of the Tsumeb Mine area



Figure 2: Regional geology and copper vanadium occurrences of the Tsumeb Mine area


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8020Admin

2 months

8020Admin posted a press release Broadway and Kennecott Sign Earn-In with Option to Joint Venture Agreement in BROADWAY GOLD MINING LTD.

OAKVILLE, Ontario, April 30, 2019 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (OTCQB: BDWYF) (FWB: BGH) is pleased to announce that it has signed an Earn-In with Option to Joint Venture Agreement with Kennecott Exploration Company (“Kennecott”), part of the Rio Tinto Group, on its Madison copper-gold project located in the Butte Region of Montana.


Key Points:



  • Kennecott earn-in milestones in order of dollar value are as follows:



    • USD$30-million earn-in over 11 years that generates a 30% retained interest for Broadway shareholders; or,


    • USD$15-million earn-in over eight years that generates a 35% retained interest for Broadway shareholders; or,


    • USD$5-million earn-in over five years that generates a 45% retained interest for Broadway shareholders;




  • Minimum of USD$1 million of exploration expenditures in the first year.


  • Cash to Broadway of USD$225,000 over the first five years.


  • Kennecott may request Broadway  to conduct exploration on its behalf during the first year in return for a 10% administration charge.


  • Broadway has the right to conduct independent drilling and exploration of the skarn zones during the first year.


  • Broadway has a Right of First Offer to acquire Kennecott’s interest in the property in the event Kennecott wishes to divest its interest.


  • The Joint Venture (JV) may be formed with 55% to Kennecott and 45% to Broadway upon the satisfaction of the first earn-in; 65% to Kennecott and 35% to Broadway upon the satisfaction of the second earn-in; or 70% to Kennecott and 30% to Broadway upon the satisfaction of the third earn-in.


  • The JV will be managed by Rio Tinto and funded by each participant in accordance with their interest.


  • Broadway may elect to not fund its interest and be diluted down to a 10% interest. If Broadway is diluted below a 10% interest, its interest will convert to a 2% net smelter royalty capped at USD$50 million.


Under the terms of the Earn-in Agreement, Kennecott has an option to acquire a 55% undivided interest in the property by incurring exploration and related expenditures of USD$5 million within the first five years, including a minimum exploration budget of USD$1 million in the first year. If Kennecott exercises the first option, it may elect to earn an additional 10% undivided interest, for a total undivided interest of 65%, by incurring additional expenditures of USD$10 million within the following three years. If Kennecott exercises the second option, it may elect to earn an additional 5% undivided interest, for a total of 70%, by incurring additional expenditures of USD$15 million within the subsequent three-year period.  Kennecott may elect to create the JV after exercising each option to earn-in. 


The initial exploration program applications have been submitted to the Bureau of Land Management, Montana.


“Signing this agreement is testimony to the excellent technical work performed to date by our team of geologists and consultants,” said Duane Parnham, Executive Chairman of Broadway. “We are ideally located near Butte, Montana, in a porphyry camp with what appears to be a Cadia-like skarn-over-porphyry deposit.”


Robert S. (“Bob”) Middleton, P.Eng., Broadway’s Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this news release.


About Broadway Gold Mining Ltd.


Through its wholly owned Montana-based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the delineation of the porphyry source of their mineralization. The Company owns a 100% interest in the two mines and has staked an area of four-square-miles in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for mining and exploration.


Approximately $20 million has been invested in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 oz/ton Au from 1880 to 1950, the Madison produced bulk samples of 13,242 tons at an average grade of 25% Cu and 0.32 oz/ton gold from 2005 to 2011.


The Company has expanded known copper and gold zones that are open to depth and has worked a surface exploration program that identified new anomalies along the two-mile contact zone identified by its soil geochemistry, geophysics, and discovery of Latite porphyry in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appear to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:
Duane Parnham
Chairman & CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:
Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

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8020Admin

3 months

8020Admin posted a press release Broadway Appoints Duane Parnham Executive Chairman in BROADWAY GOLD MINING LTD.

OAKVILLE, Ontario, April 09, 2019 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (OTCQB: BDWYF) is pleased to announce the appointment of Duane Parnham as Executive Chairman, assuming the roles of President and CEO, effective May 1, 2019. Parnham has served as a Director and conducted managerial duties since Broadway commenced trading as BRD on the TSX Venture Exchange on October 18, 2016.


The Company’s current President and CEO, Thomas Smeenk, is stepping down to pursue other endeavours.


"On behalf of the Board of Directors, I extend our sincerest thanks to Thomas for his important contributions to the Company’s progress and wish him every success with his future plans,” said Parnham. “We continue to work diligently to advance the exploration and development of our Broadway and Madison mines, and remain excited by our progress to date."


In addition, Broadway announces that Board members, consultants and employees have been granted a total of 675,000 options to purchase common shares of the Company at $0.10 each, exercisable for a period of five years from the date of issuance (the “Options”). The Options vest immediately and are subject to regulatory approval.


About Broadway Gold Mining Ltd.


Through its wholly owned Montana-based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the delineation of the porphyry source of their mineralization. The Company owns a 100% interest in the two mines and has staked an area of four-square-miles in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for mining and exploration.


Approximately $20 million has been invested in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 oz/ton Au from 1880 to 1950, the Madison produced bulk samples of 13,242 tons at an average grade of 25% Cu and 0.32 oz/ton gold from 2005 to 2011.


The Company is expanding known copper and gold zones that are open to depth with a 2,200-foot infill drill program; working a surface exploration program that has identified new anomalies along the two-mile contact zone; seeking a senior mining company to drill porphyry targets identified by its soil geochemistry, its geophysics, and its discovery of Latite porphyry in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appear to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Duane Parnham
Executive Chairman
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

4 months

8020Admin posted a press release Broadway Announces Financing Closed, NI 43-101 Update and Quotation as BGH in BROADWAY GOLD MINING LTD.

OAKVILLE, Ontario, March 04, 2019 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (FWB: BGH) (OTCQB: BDWYF) is pleased to announce that it has closed its previously announced non-brokered private placement of securities (the “Offering”). Broadway will file an updated NI 43-101 Report on SEDAR and in the technical section of the Company’s website in the next week. The Company is now quoted as BGH on five exchanges in Germany.


Pursuant to the Offering, the Company issued 6,201,000 units at a price of $0.07 per unit for gross proceeds of $434,070. Each unit is comprised of one share and one-half of one share purchase warrant. Each whole share purchase warrant is exercisable at any time during the 12-month period following the issuance thereof to acquire one common share at a price of $0.15 per share. A finder’s fee of 8% ($22,136) was paid with respect to subscriptions by investors introduced to the Company by finders. All securities issued in connection with the Offering are subject to a restricted period of four months and one day following the issuance thereof. The Offering is subject to the approval of the TSX Venture Exchange. The Company may complete further closings of the Offering; however, there is no assurance it will do so.


Broadway’s updated NI 43-101 will be released in the next week. It includes the following highlights:



  • 35% Cu and 23 grams per tonne (“gpt”) Au from mill settlements* of 2,429 tonnes and 1,342 tonnes, respectively;

  • 25% Cu and 17.8 gpt Au, average grades, from mill settlements of a bulk sample of 13,242 tonnes;

  • 62,230 feet of drilling, 150 holes, with Madison mine-related data now modeled in Vulcan 3D;

  • UG17-05, total length 189 feet, true width approximately 80% of core length, intercepted 24.5 gpt Au + 0.391% Cu over 100 feet, containing 68.6 gpt Au + 0.375% Cu over 15 feet and 82.9 gpt Au + 0.366% Cu over 9 feet;

  • Alteration zoning from propylitic to phyllic that is typical of porphyry systems moving toward mineralized core, in hole C17-24 drilled to a depth of 1,237 feet, which ended in latite porphyry. Exhibiting similar characteristics to the latite porphyry hosted at Barrick’s Golden Sunlight Mine the carbonate-latite porphyry contact was intercepted at 988 feet and exhibits pervasive propylitic alteration at the contact. A zone of phyllic alteration was encountered measuring over 41 feet, from 1,014 to 1,055 feet, consisting of closely spaced quartz-pyrite veinlets and pyrite microveinlets. The pyrite disseminations and blebs are surrounded by a fine-grained gray sulfide, either sphalerite or galena. In places within the core of the phyllic alteration zone, narrow micro breccia and hydrothermal streaming textures can be seen. Hole C17-24 was designed to evaluate a chargeability anomaly identified within a highly prospective part of the property; 

  • Interpreted porphyry mineralization at depth given surface-based strontium/yttrium ratios in combination with statistically significant coincident gold, silver, copper, molybdenum, manganese, lead and zinc over a 2.4-kilometer contact zone, which is based on 571 rock chip, 1,468 soil and 231 retrospective soil samples;

  • Induced polarization and other geophysical surveys that combine data to a depth of 1,680 feet from resistivity, chargeability and magnetics, inclusive of mineralized zones, that identified four resistivity lows, four resistivity highs, seven chargeability highs and two magnetic highs interpreted to be associated with the skarn and porphyry source of the mineralization; and,

  • The Company is permitted for mining and exploration.


Data Verification



  • *Mill settlements mean the grade post mill process; it is the amount of copper and gold per tonne that is recovered, which is used to calculate a royalty.

  • Supervision, organization and splitting of core samples were undertaken by Company personnel. Samples were collected in three-foot intervals from half core samples, catalogued and stored in a secure location. Data verification for this report consisted of taking quarter cuts of core during the QP’s site visit between April 23, 2017 and May 2, 2017. All QP cut samples were kept by the QP and shipped independently for assaying to ALS Mineral Laboratories, Vancouver, BC.


Broadway’s shares are quoted in three currencies (CAD, USD, Euro) and quoted under symbols BRD in Canada, BDWYF in the USA and BGH in Germany. 


Qualified Person


Robert S. (“Bob”) Middleton, P.Eng., Broadway’s Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this news release.


About Broadway Gold Mining Ltd.


Through its wholly owned Montana-based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the delineation of the porphyry source of their mineralization. The Company owns a 100% interest in the two mines and has staked an area of four-square-miles in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for mining and exploration.


Approximately $20 million has been invested in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 oz/ton Au from 1880 to 1950 to a depth of 750 feet, the Madison is a new mine developed from 2007 to 2012 to a depth of 215 feet. The Madison mine has produced bulk samples of 13,242 tons at an average grade of 25% Cu and 0.32 oz/ton gold.


Currently, Broadway is expanding known copper and gold zones that are open to depth and seeking a senior mining company to drill porphyry targets identified by its soil geochemistry, its geophysics, and its discovery of Latite porphyry in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appear to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Darren Stewart posted an update in BROADWAY GOLD MINING LTD.

5 months

Welcome Thomas Smeenk, to your Investor Group.

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8020Admin

5 months

8020Admin posted a press release Vulcan 3-D Modelling Defines Significant Zones at Madison, Underground Phase II & III Drilling Planned in BROADWAY GOLD MINING LTD.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWSWIRE SERVICES

OAKVILLE, Ontario, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V:BRD) (OTCQB:BDWYF) is pleased to announce that it has completed a Vulcan 3-D model of its Madison Project in the Butte-Anaconda region of Montana. Based on the positive results generated, Broadway is planning a new multi-phased underground diamond drilling program.  The Phase II and III programs will target the expansion of known high-grade gold and copper massive sulphide and skarn zones of mineralization. Previous Madison mine test stope production grades between 2005 – 2011, based on mill settlement statements of 13,242 tonnes, average 25% copper and 17.8 grams per tonne gold, which included a mill settlement of a bulk sample of 2,429 tonnes of 35% copper and 1,372 tonnes of 23.0 grams per tonne gold. 


Development of the Vulcan 3-D model utilized all available underground 2-D mine working plans as well as underground and surface diamond-core drill results from 150 holes, incorporating 62,329 feet (18,998 m) of drilling. Phil Mulholland, Broadway’s chief geologist, supervised the modelling work.


The follow-up multi-phase drill program is supported by the 3-D model as shown in Figure 1.  A Phase II drill program will evaluate two high grade gold zones: the “MS 4890,” a massive sulphide gold skarn; and, the “East Drift,” a zone of mixed massive sulfide and skarn.  The Phase III drill program will target a third zone between the “Cu_higrade_2” and “Cu_higrade_3” zones, a copper-rich skarn.


The MS 4890 is a block of 2,177 tonnes averaging 24.96 grams per tonne gold and 1.10 % copper. The East Drift zone is defined by three holes: 86-6, 25.71 grams per tonne Au over 7.3 meters; 88-C9, 11.3 grams per tonne Au over 8.8 meters; and C06-13, 10.6 grams per tonne Au over 12.2 meters. Cu_higrade_2 is a zone of 86,767 tonnes of 3.46% Cu; and, Cu_higrade_3 is a zone of 86,736 tonnes of 2.61% Cu.


The Company is currently budgeting a 2,200-foot (670 meters) Phase II program consisting of twelve diamond drill holes from two underground stations.  Seven core holes, representing 1,200 feet (366 meters), will be dedicated to the MS 4890 zone. Five core holes, approximately 1,000 feet (305 meters), will be dedicated to the East Drift.  It is anticipated the MS 4890 drill results will extend that zone 100 vertical feet down dip, connecting mineralization of the Madison mine to the adjacent Broadway mine’s 900 level. The Broadway Mine has produced 144,000 ounces of gold at 0.32 oz/ton (11 grams per tonne).


Upon completion of the Phase II program, a Mise-a-La–Masse geophysical survey will be used to map the geometry of the conductive massive sulphide body at depth. This approach was successful at Madison in 2017 when it was used to delineate the massive sulphide ore body at depth from surface. Mise-a-la-Masse is a geophysical method developed by Boliden AB to measure the conductivity and, thereby, the shape of a massive sulphide mineralized body. With improved understanding of the geometry and orientation of the known massive sulphide mineralization, the Company expects to improve targeting of future drilling.


“Mise-a-la-Masse is to drilling massive sulphide ore bodies as leapfrogging is to startup businesses,” said Thomas Smeenk, CEO. “Each underground massive sulphide zone can be shaped by its conductivity. That geometry and orientation enables the team to drill more statistically significant results.”


The Company intends to raise $490,000 in a non-brokered private placement of seven million units. Each unit consists of a common share at $0.07 and one half share purchase warrant.  Each whole Warrant may be exercised at $0.15 to acquire a common share of the Company within 12 months from date of closing. A Commission of 8% of proceeds raised may be paid to brokers and qualified finders.


About Broadway Gold Mining Ltd.


Through its wholly owned Montana-based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in the two mines and has staked an area of four-square-miles in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for mining and exploration.  Approximately $20 million has been invested in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 Oz/ton (11 grams per tonne) Au from 1880 – 1950, the Madison produced bulk samples of 13,242 tonnes at an average grade of 25% Cu and 11 grams per tonne gold from 2005-2011. The Company is expanding known copper and gold zones that are open to depth with a 2,200 foot (670 meter) infill drill program; working a surface exploration program that has identified new anomalies along the two-mile contact zone; seeking a senior mining company to drill porphyry targets identified by its soil geochemistry, its geophysics, and its discovery of Latite porphyry in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appear to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6e5a3cbc-4fc3-4bba-8c7e-f1483a760b45



Figure 1 – Madison mine proposed programs



 



Figure 1 – Madison mine proposed programs: Phase II drill holes in yellow, Phase III drill holes in blue; Madison mine main access ramp in green (4 meters by 4 meters); Broadway mine 900 level in brown.



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8020Admin

5 months

8020Admin posted a press release 2.4 Kilometers Strontium/Yttrium Ratios Trend Confirms Broadway's Gold-Copper Porphyry System in BROADWAY GOLD MINING LTD.

OAKVILLE, Ontario, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (OTCQB: BDWYF) is pleased to announce the discovery of statistically significant strontium/yttrium ratios over a 2.4 kilometer contact zone.  Broadway’s data is based on 571 rock chip and 1,468 soil samples taken across prospective areas of the property, including the Broadway and Madison mines.   The geochemical model reveals distinctive Sr/Y ratio-based-anomalies that are found throughout a 2.4-kilometer zone of strong structural preparation and mineralization. Following these findings, the field team completed a retrospective analysis of the rock chip and soil geochemistry files and corroborated similar favorable Sr/Y ratios in 231 samples.


Read more: https://quotemedia.com/portal/quote?qm_symbol=BRD%3ACC&qmodStoryID=6897790266142277 

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8020Admin

5 months

8020Admin posted a press release Medcolcanna Agreement Expired in BROADWAY GOLD MINING LTD.

OAKVILLE, Ontario, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSX-V: BRD) (OTCQB: BDWYF): The proposed acquisition of Medcolcanna (BVI) Corp by the Company announced October 23, 2018 and the associated financing announced October 29, 2018 has expired, as Medcolcanna failed to sign an extension to the Letter of Intent (“LOI”) agreement by October 31, 2018. 


“Our intent was to provide shareholders with a two for one: one share of Medcolcanna for each nine shares of Broadway, plus one share of new Broadway for each one share of old Broadway, as a way to generate value for our shareholders while continuing to focus on and develop our mining assets,” said Thomas Smeenk, CEO. “However, Medcolcanna failed to sign the agreement necessary for us to complete the announced transactions, leaving Broadway with no way to conclude them. Per the LOI, Medcolcanna is solely responsible to pay all legal costs associated with the proposed transactions,” Smeenk added.


About Broadway Gold Mining Ltd.


Broadway is focused on the exploration and development of the Broadway and Madison mines and the delineation of the porphyry source of their mineralization. Historically, the mines produced a cumulative 151,500 ounces of gold and 3,020,000 pounds of copper. The Company’s NI 43-101 defines average mill settlement grades of 16% copper and 0.36 ounces per ton gold. The Company owns 100% right, title and interest in 450 acres of land, a 192-acre ranch, buildings, mine equipment and fixtures, six patented mineral claims, 35 unpatented mineral claims and mineral rights to a four-square-mile porphyry-based property in the Butte-Anaconda region of Montana. 


For more information:


Thomas A. Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

5 months

8020Admin posted a press release Broadway Gold Mining Ltd. Announces Brokered Private Placement of Subscription Receipts in BROADWAY GOLD MINING LTD.

Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

OAKVILLE, Ontario, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Further to its press release dated October 22, 2018, Broadway Gold Mining Ltd. (“Broadway” or the “Company”) (TSXV-BRD OTCQB:BDWYF) is pleased to announce a best efforts private placement (the “Offering”) of subscription receipts (“Subscription Receipts”) of Medcolcanna (BVI) Corp. (“Medcolcanna”). Pursuant to the Offering, Medcolcanna will issue up to 20,000,000 subscription receipts (the “Subscription Receipts”) at a price of CAD$0.25 per Subscription Receipt (the “Issue Price”) for gross proceeds of up to CAD$5,000,000. Each Subscription Receipt shall entitle the holder to receive, upon satisfaction of certain escrow release conditions, and without payment of additional consideration, one unit in the capital of Medcolcanna (a “Unit”). At the effective time of the completion of Broadway’s proposed reverse take-over with Medcolcanna (the “Proposed Transaction”), each Unit acquired upon conversion of the Subscription Receipts will be automatically exchanged for one Unit (a “Resulting Issuer Unit”) in the capital of the reporting issuer resulting from the completion of the Proposed Transaction (the “Resulting Issuer”). Each Resulting Issuer Unit will be comprised of one common share in the capital of the Resulting Issuer (a “Resulting Issuer  Share”) and one-half of one common share purchase warrant of the Resulting Issuer (each whole common share purchase warrant, a “Resulting Issuer Warrant”).


Each Resulting Issuer Warrant shall be exercisable to acquire one Resulting Issuer Share (a “Resulting Issuer Warrant Share”) at a price per Resulting Issuer Warrant Share of CAD$0.40 for a period of 24 months from the closing of the Offering (the “Closing Date”). If, at any time after six months have elapsed from the Closing Date, the weighted average daily trading price of the Resulting Issuer Shares on the TSX Venture Exchange (the “TSX-V”) for 10 consecutive trading days is CAD$0.70 per Resulting Issuer Share or higher, the Resulting Issuer may accelerate the expiry time of the Resulting Issuer Warrants.


The syndicate for the Offering is comprised of GMP Securities L.P, as lead agent, and Canaccord Genuity Corp. (collectively, the “Agents”).    


The Agents are entitled to receive a commission equal to 6.0% of the gross proceeds raised in the Offering (the “Commission”) and broker warrants (the “Compensation Options”), exercisable to acquire, within two years of the Closing Date, in the aggregate, Units equal to 6.0% of the number of Subscription Receipts sold under the Offering, at an exercise price equal to the Issue Price per Subscription Receipt.  Subject to the satisfaction of certain escrow release conditions, pursuant to the Proposed Transaction (the “Escrow Release Conditions”), each Compensation Option will be exchanged for one Compensation Option of the Resulting Issuer (each a “Resulting Issuer Compensation Option”).  Each Resulting Issuer Compensation Option shall entitle the holder thereof to subscribe for one Resulting Issuer Unit (the “Exchange Ratio”) at a price equal to the Issue Price multiplied by the Exchange Ratio for a period of two years from the Closing Date. If the Escrow Release Conditions are not satisfied on or before the Escrow Release Date, the Compensation Option shall be immediately cancelled. The Commission will be paid to the Agents upon closing of the Offering (from the aggregate subscription proceeds from the Offering).  


Fifty percent (50%) of the Commission will be paid by the Company on the Closing Date with the balance (50%) paid to the Agents upon the satisfaction of the Escrow Release Conditions. 


Medcolcanna intends to use the net proceeds from the Offering to fund the construction of facilities necessary for the production and processing of medicinal cannabis in Colombia. 


About Broadway Gold Mining Ltd.


Broadway is focused on the exploration and development of the Broadway and Madison mine and the delineation of the porphyry source of their mineralization; the Company’s right, title and interest to the Broadway and Madison mine - 450 acres of land, a 192 acre ranch, buildings, mine equipment and fixtures, 6 patented, 35 unpatented mineral claims, and mineral rights to a four-square-mile property in the Butte-Anaconda region of Montana, a porphyry-based mining district - will be spun-out to Broadway’s current shareholders as a result of the Proposed Transaction. Assuming completion of the Proposed Transaction, Broadway will have acquired the business of Medcolcanna, will be a cultivator, manufacturer and distributor of medicinal cannabis based in Colombia, and is expected to be a Life Sciences Issuer under the policies of the TSX-V.


Further Information


All information contained in this news release with respect to Broadway and Medcolcanna was supplied by the parties respectively for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.


For further information regarding the Proposed Transaction, please contact:


Thomas A. Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:


This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the terms and conditions of the proposed Offering and the use of proceeds raised in the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release.


Broadway and Medcolcanna assume no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


The securities to be offered in the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.


Neither the TSX-V nor its regulation services provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release and neither of these entities has in any manner passed upon the merits of the Transaction or any associated transactions.   


 

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8020Admin

5 months

8020Admin posted a press release Broadway Gold Mining Ltd Announces Proposed Acquisition of Medcolcanna (BVI) Corp. and Related Financing Transactions in BROADWAY GOLD MINING LTD.

Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

OAKVILLE, Ontario, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd (“Broadway” or the “Company”) (TSXV-BRD OTCQB:BDWYF) is pleased to announce that it has entered into a binding letter agreement (the “Letter Agreement”) with Medcolcanna (BVI) Corp., a privately held issuer existing under the laws of the British Virgin Islands (“Medcolcanna”), which outlines the general terms and conditions pursuant to which Broadway and Medcolcanna have agreed to complete a transaction (the “Transaction”) that will result in a reverse take-over of Broadway by the current shareholders of Medcolcanna. The Letter Agreement was negotiated at arm’s length and is effective as of October 18, 2018.


Medcolcanna’s wholly-owned Colombian subsidiary, Medcolcanna S.A.S. (the “Medcolcanna SAS”) is in the process of establishing operations in Colombia as a producer of both THC and cannabidiol medical cannabis. Medcolcanna intends to combine its scientific expertise and Colombia’s inherent agricultural advantages of cost and high quality cannabis that arise from consistent 12 hours of daylight year-round, minor seasonal temperature fluctuations, a strong history of agricultural exports, fertile soil and an available, low cost and experienced labour force. Its business plan forecasts leveraging its team’s international business expertise, particularly in trading, sales and marketing, its agronomic knowledge and Colombia’s agricultural advantages.


Medcolcanna SAS has received three licenses for the: (1) cultivation of psychoactive (high THC) medical cannabis, (2) cultivation of non-psychoactive (THC<1%) medical cannabis, (3) production, domestic distribution and international export of both THC and cannabidiol medical cannabis. Medcolcanna SAS has 4 hectares of land approved for the planting of medical cannabis crops, located in a very secure area close to Bogota, upon which it plans to immediately start construction of facilities and greenhouses, which ultimately may include cornerstone public facilities. Medcolcanna SAS also has options on an additional 120 hectares of land, allowing it to rapidly expand as the business grows.


Mr. Duane Parnham, Chairman of Broadway, commented “We are extremely pleased to have reached agreement with Medcolcanna and look forward to closing the transaction and bringing value to Broadway's and Medcolcanna's shareholders. We have every confidence in Felipe and his team, all of whom will be based in Colombia, and in their abilities and business plan.”


Terms of the Transaction and Financing Matters


It is currently anticipated that the proposed Transaction will be effected by way of a share exchange or other similar form of transaction as is acceptable to the parties. There are currently outstanding an aggregate of 42,459,204 common shares in the capital of Broadway (each, a “Broadway Common Share”) and 39,362,659 common shares in the capital of Medcolcanna (each, a “Medcolcanna Share”).  Additionally, Broadway has outstanding approximately 20,559,000 share purchase warrants exercisable at prices ranging from $0.10 to $1.60 (the “Broadway Warrants”) and 3,765,000 stock options exercisable at prices ranging from $0.05 to $0.43 (the “Broadway Options”), and Medcolcanna has 3,681,330 share purchase warrants outstanding (the “Medcolcanna Warrants”), with each Medcolcanna Warrant being exercisable into one Medcolcanna Share at an exercise price of $0.25 for a period of 12 months from the date of issuance thereof.


Pursuant to the proposed Transaction, the holders of the issued and outstanding Medcolcanna Shares shall receive one post-Consolidation (as defined below) Broadway common share for each Medcolcanna common share held. As well, Broadway has agreed to seek shareholder approval for, among other things: (i) the consolidation of its outstanding shares, warrants and options on a 9 old share for 1 new share basis (the “Consolidation”); and (ii) subject to TSX Venture Exchange approval, the spin-out to Broadway’s existing shareholders of all of the mining assets related to its Broadway and Madison mine (the “Spin-out”).


On or immediately prior to the completion of the proposed Transaction, it is anticipated that Broadway will effect; (i) the Consolidation, (ii) the Spin-out, and (iii) the Name Change (as defined herein).  Additionally, the board of directors of Broadway shall be reconstituted to consist of nominees of Medcolcanna and all existing officers of Broadway shall resign and be replaced by nominees of Medcolcanna, as further described below.


Medcolcanna completed in September 2018 a non-brokered private placement of 7,362,659 units (“Medcolcanna Units”) at a price of $0.09 per Medcolcanna Unit for aggregate gross proceeds of $662,639. Each Medcolcanna Unit consisted of one Medcolcanna Share and one-half of one Medcolcanna Warrant, with each whole Medcolcanna Warrant being exercisable into one Medcolcanna Share at an exercise price of $0.25 for a period of 12 months following issuance. The proceeds of such financing are being used for working capital purposes and to pay for costs associated with acquiring Medcolcanna SAS.


Prior to the completion of the Transaction, it is anticipated that Medcolcanna will complete two additional securities offerings, as follows:



  • Medcolcanna intends to complete a non-brokered offering of 1,000,000 Medcolcanna Units at a price of $0.09 per unit (the “Non-Brokered Offering”) for gross proceeds of approximately $90,000.  Each Medcolcanna Unit will consist of one Medcolcanna Share and one-half of one Medcolcanna  Warrant, with each whole Medcolcanna Warrant being exercisable into one Medcolcanna Share at an exercise price of $0.25 for a period of 12 months following issuance.

  • Medcolcanna anticipates completing a brokered private placement of approximately 20,000,000 subscription receipts (the “Subscription Receipts”) at a price of C$0.25 per Subscription Receipt for gross proceeds of approximately $5,000,000 (the “Brokered Offering”). It is anticipated that each Subscription Receipt shall entitle the holder to receive, upon satisfaction of certain escrow release conditions, and without payment of additional consideration, one unit in the capital of Medcolcanna (a “Unit”). Each Unit shall consist of one Medcolcanna Share and one-half of one Medcolcanna Share purchase warrant (each whole warrant, a “Warrant”), which Units shall be exchanged, without further consideration, for one Unit in the capital of the Resulting Issuer (as defined herein), upon the completion of the proposed Transaction. Following the exchange for Units of the Resulting Issuer, each Warrant of the Resulting Issuer (a “Resulting Issuer Warrant”) shall entitle the holder thereof to acquire one common share of the Resulting Issuer (a “Resulting Issuer Share”) at a price of $0.40 per Resulting Issuer Share for a period of 24 months following issuance.


If and when completed, the net proceeds from the Non-Brokered and Brokered Offerings (collectively, the “Offerings”) will be used to expand the business of Medcolcanna, for working capital and for general corporate purposes. The proceeds of the Non-Brokered Offering will be immediately available to Medcolcanna for working capital purposes.


Further details regarding the Brokered Offering will be included in a subsequent news release once additional details become available.


Upon completion of the Transaction, and assuming the maximum gross proceeds in the Offerings are raised, there will be 65,080,348 post-Consolidation common shares of the combined entity (the “Resulting Issuer”) issued and outstanding, of which it is expected that the current shareholders of Broadway will hold approximately 7.2%, purchasers in the Offerings will hold approximately 32.3%, and the former shareholders of Medcolcanna will hold approximately 60.5%.


The proposed Transaction is subject to requisite regulatory approvals and standard closing conditions, including the approval of the directors of each of Broadway and Medcolcanna of a definitive agreement in respect of the Transaction (the “Definitive Agreement”), as well as the conditions described below. The obligations of Broadway and Medcolcanna pursuant to the Letter Agreement shall terminate in certain specified circumstances, including in the event that the Definitive Agreement is not executed by October 31, 2018.


Upon completion of the Transaction, it is the intention of the parties that the Resulting Issuer will continue to focus on the current business and affairs of Medcolcanna SAS.


Insiders, Officers and Board of Directors of the Resulting Issuer


It is expected that upon completion of the Transaction the Resulting Issuer will have a board of five individuals, all of whom shall be nominated by Medcolcanna.  As of the date hereof, and subject to regulatory approval, Medcolcanna anticipates that the Resulting Issuer will have the following officers and directors (with additional board nominees to be named later):


Felipe de la Vega – President, CEO and Director


Mr. de la Vega was the founder of Trenaco Holdings Group (“Trenaco”), a major Latin American commodity trading company with revenues of US$800 million in 2014. As CEO of Trenaco for 10 years, he developed strong relationships with domestic and global commodities companies and vertically integrating the value chain through the acquisition of profitable assets such as coal mines, metcoke ovens, quality labs, stockyards, and transportation infrastructure.  Under Mr. de la Vega, Trenaco became the second largest exporter of coking coal in Colombia, and was the 17th largest Colombian exporter and 76th largest Colombian company for 2013-2014, as well as being ranked first for growth prospects.


Chris Reid - Chief Financial Officer


Mr. Reid has served as the Chief Executive Officer and President of Petrodorado Energy Ltd., a petroleum company with operations in Colombia, since January 2016 and as the Chairman since May 2016. Mr. Reid also served as the Chief Financial Officer from February 2012 to January 2016, where he was involved in the successful turnaround of the company through a divestiture program. Mr. Reid is a Chartered Professional Accountant whose career includes 12 years of experience in industry and international business. Mr. Reid is currently a director SOPerior Fertilizer Corp. (TSX: SOP; formerly Potash Ridge Corp.), and Petrodorado (TSXV: PDQ). Mr. Reid is a member of the Institute of Chartered Accountants of Alberta and the Chartered Professional Accountants of Alberta. Mr. Reid holds a Bachelor of Business Administration from Saint Francis Xavier University.


Nicolas Rodrigues – Chief Operating Officer


Mr. Rodrigues is an agricultural engineer with more than 13 years of experience leading innovation and business development in the agricultural industry.  He has strong leadership skills and technological knowledge in agricultural production. Mr. Rodrigues previously held the position of General Manager at The Clinton Giustra Enterprise Partnership, a social business builder that brings entrepreneurial solutions to agribusinesses, farmers and fishermen.


Robert James Metcalfe - Director


Mr. Metcalfe, a lawyer, was senior partner with the law firm Lang Michener, LLP for 20 years. He is the former President and Chief Executive Officer of Armadale Properties and Counsel to all of the Armadale Group of Companies, with significant holdings across numerous industries including finance, construction of office buildings, airport ownership, management and refurbishing, land development, automotive dealerships as well as newspaper, radio and television stations.  Mr. Metcalfe has served as President, CEO, Lead Director, Chairman and Committee member on numerous publicly listed natural resource and industry company corporate boards in Canada, the USA, England, South America and Africa. As director and shareholder, Mr. Metcalfe has been engaged in numerous acquisitions, divestitures, corporate reorganizations, financings and corporate improvements, as well as serving on numerous special committees across many sectors.  He is a member of the Institute of Corporate Directors and a member in good standing of the Law Society of Upper Canada.


Thor Borresen - Director


Mr. Borresen is an Industrial Engineer from the Javeriana University in Cali, Colombia and is currently the Marketing Vice-president of Bavaria, the Colombian operation of AB-InBev, the world’s leading brewer. In his current position, he is responsible for leading the development of a complete portfolio of local and international beer brands, boosting category growth and building the equity of the brands. His main challenge is to keep the category alive and relevant among young adults, through a strategy of brand renovation, innovation and digital connection with consumers and stakeholders. His professional career spans over 14 years in different commercial roles. Before joining Bavaria, he was part of the marketing team in Kraft Foods Colombia and Venezuela, overseeing local and regional markets.  Recently, he led the development and launch of a new business unit: The High End Company, integrating the roles of Sales, Marketing, Finance and Logistics for a group of Global and Craft brands.


Conditions to the Transaction


Completion of the Transaction will be subject to a number of conditions of closing that are customary for a transaction of this nature, including, without limitation:



  • Broadway shall obtain receipt of requisite shareholder approvals in connection with the following matters: (i) the Consolidation; (ii) the Spin-out; (iii) a change of name to “Medcolcanna Organics Corp.” or such other name as may be requested by Medcolcanna and acceptable to applicable regulatory authorities (the “Name Change”); (iv) the election of the directors of the Resulting Issuer to replace the current directors of Broadway immediately following the completion of the proposed Transaction; and (v) the approval of the Transaction, if required by regulatory authorities.

  • Completion of the Offerings.

  • Broadway and Medcolcanna entering into the Definitive Agreement.

  • The common shares of the Resulting Issuer having been approved for listing on the TSX Venture Exchange or another recognized Canadian stock exchange.


The Definitive Agreement, once completed, will be filed under Broadway’s issuer profile on SEDAR at www.sedar.com.


Inter-Company Relationships


Officers, directors and principal shareholders of Broadway may subscribe for Subscription Receipts in the Offering.


About Broadway Gold Mining Ltd.


Until execution of the Letter Agreement, Broadway was focused on the exploration and development of the Broadway and Madison mine and the delineation of the porphyry source of their mineralization; the Company’s right, title and interest to the Broadway and Madison mine - 450 acres of land, a 192 acre ranch, buildings, mine equipment and fixtures, 6 patented, 35 unpatented mineral claims, and mineral rights to a four-square-mile property in the Butte-Anaconda region of Montana, a porphyry-based mining district - will be spun-out to Broadway’s current shareholders as a result of the Transaction. Assuming completion of the Transaction, Broadway will have acquired the business of Medcolcanna, will be a cultivator, manufacturer and distributor of medicinal cannabis based in Colombia, and is expected to be a Life Sciences Issuer under the policies of the TSX Venture Exchange.


Broadway anticipates it will be seeking to rely on an exemption, or a waiver, from the sponsorship requirements of the TSX Venture Exchange.


Further Information


All information contained in this news release with respect to Broadway and Medcolcanna was supplied by the parties respectively for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.


For further information regarding the proposed Transaction, please contact:


Thomas A. Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:


This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the terms and conditions of the proposed Transaction; the terms and conditions of the proposed Offerings; receipt of all regulatory licenses required for the cultivation, production, domestic distribution and international export of cannabis and cannabis-related products; use of proceeds raised in the Offerings, the proposed officers and directors of the Resulting Issuer; and the business and operations of the Resulting Issuer after the consummation of the proposed Transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release.


Broadway and Medcolcanna assume no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


The securities to be offered in the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release and neither of these entities has in any manner passed upon the merits of the Transaction or any associated transactions.

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8020Admin

5 months

8020Admin posted a press release Broadway Announces Market-Making Arrangement in BROADWAY GOLD MINING LTD.

VANCOUVER, British Columbia, Oct. 02, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (“Broadway” or the “Company”) is pleased to announce that it has retained Lakeshore Securities Inc. (“Lakeshore”) of Toronto, Ontario to provide market-making services. The market-making services will be undertaken by Lakeshore in compliance with the guidelines of the TSX Venture Exchange. This arrangement is in addition to the market-making services being provided by Integral Wealth Securities as announced on February 8, 2017.


Under the terms of the agreement, Broadway will pay Lakeshore a monthly fee of up to CAD$5,000 plus applicable taxes for a trial period of three months, commencing October 1, 2018. After the three-month period, and if both parties are in agreement, the contract will roll over on a month-to-month basis with 30 days written notice required to terminate the contract.


There are no performance factors contained in the agreement and Lakeshore will not receive any shares or options from Broadway as compensation for the services it will render. Broadway and Lakeshore are unrelated and unaffiliated entities, but Lakeshore and/or its clients may have a direct interest in the securities of Broadway.


About Lakeshore Securities Inc.


Lakeshore is a Canadian securities dealer located in Toronto, Ontario and provides advisory and brokerage services to institutional, retail and high net worth individual investors. Lakeshore is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF).


About Broadway Gold Mining Ltd.


Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in a four-square-mile property in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for exploration and bulk sampling. Of two underground mines, one, the Madison, is Mine Safety and Health Administration (MSHA) compliant. While actively expanding known copper and gold zones open for development, the Company’s exploration program has identified new anomalies along the two-mile contact zone, and across its extensive four-square-mile land package. The Company confirmed a Latite porphyry discovery in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appears to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

5 months

8020Admin posted a press release Broadway Announces Management Changes in BROADWAY GOLD MINING LTD.

VANCOUVER, British Columbia, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (“Broadway” or the “Company”)  is pleased to announce the appointments of Eric Myung, CPA, CA, as Chief Financial Officer of the Company and Ms. Jo-Anne Archibald, MBA, ICD.D as Corporate Secretary, replacing Suzanne Wood who remains a Director.


Mr. Myung is a Senior Financial Analyst for Marrelli Support Services Inc. (“MSSI”) and will provide services through MSSI. For over 20 years, MSSI has provided accounting, regulatory compliance, management and advisory services to numerous issuers listed on the TSX, and other Canadian and US exchanges.


Previously, Mr. Myung worked at a public accounting firm focused on small and medium business. He is a Canadian Chartered Professional Accountant and has a Master of Accountancy degree from University of Waterloo.


Ms. Archibald will provide services through DSA Corporate Services Inc. (“DSA”). DSA is owned by the same beneficial owners as MSSI. Ms. Archibald brings corporate governance experience to the Company having served previously as Senior Vice President at TMX Equicom and is currently President of DSA.


About Broadway Gold Mining Ltd.


Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in a four-square-mile property in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for exploration and bulk sampling. Of two underground mines, one, the Madison, is Mine Safety and Health Administration (MSHA) compliant. While actively expanding known copper and gold zones open for development, the Company’s exploration program has identified new anomalies along the two-mile contact zone, and across its extensive four-square-mile land package. The Company confirmed a Latite porphyry discovery in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appears to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

5 months

8020Admin posted a press release Broadway Announces Financing Closed in BROADWAY GOLD MINING LTD.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWSWIRE SERVICES

Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (“Broadway” or the “Company”) today closed its previously announced non-brokered private placement of $450,000. The offering of 4,500,000 common shares at 10 cents ($0.10) each is subject to a four month hold period that expires on December 23, 2018. Insiders, Duane Parnham, Chairman and Thomas Smeenk, President and CEO, together subscribed for 26% of the offering. Ten investors subscribed for the balance of the offering. A commission of 8%, totaling $9,520, was paid to four firms for four subscriptions. The Company will use the proceeds to complete a preliminary economic assessment of the Madison Mine and for general working capital purposes.


About Broadway Gold Mining Ltd.


Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in a four-square-mile property in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for exploration and bulk sampling. Of two underground mines, one, the Madison, is Mine Safety and Health Administration (MSHA) compliant. While actively expanding known copper and gold zones open for development, the Company’s exploration program has identified new anomalies along the two-mile contact zone, and across its extensive four-square-mile land package. The Company confirmed a Latite porphyry discovery in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appears to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

5 months

8020Admin posted a press release Broadway Announces Oversubscribed Financing and Grants Stock Options in BROADWAY GOLD MINING LTD.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWSWIRE SERVICES

VANCOUVER, British Columbia, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (“Broadway” or the “Company”) today announced an increase to its previously announced non-brokered private placement, from $300,000 to up to $450,000. The offering consists of common shares at 10 cents ($0.10) each, which will result in the issuance of up to 4,500,000 shares. The Company will use the proceeds to complete a preliminary economic assessment of the Madison Mine and for general working capital purposes.


Subject to exchange approval, a grant of 100,000 options to each of Bob Middleton, Victoria Donato, Dr. Roger Laine, Shawn Parnham, Duane Parnham and Thomas Smeenk, and a grant of 25,000 options to Phil Mulholland, to acquire shares at $0.20 each, will be filed with the regulator. Options granted to officers, directors and consultants employed by the Company vest immediately and may be exercised for a period of 5 years from the date of grant.


About Broadway Gold Mining Ltd.


Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in a four-square-mile property in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for exploration and bulk sampling. Of two underground mines, one, the Madison, is Mine Safety and Health Administration (MSHA) compliant. While actively expanding known copper and gold zones open for development, the Company’s exploration program has identified new anomalies along the two-mile contact zone, and across its extensive four-square-mile land package. The Company confirmed a Latite porphyry discovery in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appears to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

5 months

8020Admin posted a press release Broadway Announces Robert S. Middleton as its Qualified Person in BROADWAY GOLD MINING LTD.

VANCOUVER, British Columbia, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (“Broadway” or the “Company”) is pleased to announce the appointment of Robert S. (“Bob”) Middleton, PEng., as its Qualified Person (“QP”) and a mergers and acquisition resource to assist the company with its technical presentations, due diligence of and negotiations with potential partners. 


“Bob’s technical skills, field work, mine discoveries, company-building achievements and successes within the communities he has worked, commands the attention of mining majors,” said Thomas Smeenk, CEO, Broadway.  “I look forward to his counsel as we work together to attract a producer who can drill the porphyry source of the high grade copper and gold mineralization at our property and consummate other mining business growth.”


Bob’s mine discoveries include the Bell Creek mine and the Golden Giant (Hemlo) mine which he co-discovered with Bruce Durham. Bob has completed acquisition-focused economic reviews of most gold mines in North and Central America, and he has completed more than 25 feasibility studies. Bob put the Penhorwood Talc mine into production for Steetley Minerals Canada Ltd., and he has played a role in putting seven other mines into production.


With fifty-one years of company building experience encompassing the formation of seven junior mining companies including one which was purchased by a major, Bob is a pioneer in geology-geophysics, petrochemistry, petrology, remote sensing, airborne resistivity and gravity program sciences. Bob’s technical firsts include: being the first geophysicist for the Ontario Department of Mines; introducing the gravity mapping program for Ontario; completing the first airborne resistivity survey and map of the sand and gravel deposits in Whitechurch; completing the first airborne geophysical surveys and airborne geochemistry surveys in the Sturgeon Lake area;  and, subsequently, becoming the first to complete such surveys all over the world.


Bob is the recipient of the 2008 Prospector of the Year Award (Ontario), the 2001 and 2004 Discovery of the Year Award, the Northwestern Ontario Prospectors Association (NWOPA), and the 2014 Lifetime Achievement Award, NWOPA.


Bob is a Member of the Ontario Association of Professional Engineers and the Canadian Institute of Mining and Metallurgy, and a former Member of the Association of Exploration Geochemists, the Society of Economic Geologists, the Society of Geology Applied to Ore Deposits and the Geological Association of Canada. Bob is a graduate of the Provincial Institute of Mining (Haileybury School of Mines) and Michigan Technological University (B.S. and M.S. Applied Geophysics), and he attended the University of Toronto’s PhD program in Geology.


About Broadway Gold Mining Ltd.


Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in a four-square-mile property, which is in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for exploration and bulk sampling. Of two underground mines, one, the Madison, is Mine Safety and Health Administration (MSHA) compliant. While actively expanding known copper and gold zones open for development, the Company’s exploration program has identified new anomalies along the two-mile contact zone, and across its extensive four-square-mile land package. The Company confirmed a Latite porphyry discovery in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appears to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020Admin

5 months

8020Admin posted a press release Broadway Announces Lock-up Agreement in BROADWAY GOLD MINING LTD.

VANCOUVER, British Columbia, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (“Broadway” or the “Company”) is pleased to announce that a Lock-up Agreement has been signed between Steve Hanson, Suzanne Wood, CFO, Thomas Smeenk, CEO, and Duane Parnham, Chairman (the “Lock-up Shareholders”).


The agreement provides management with a right of first refusal to purchase the lock-up shares. It provides for a release of the lock-up shares by unanimous consent of a block trade, or upon a change of control.  Combined, the Lock-up Shareholders hold 4,432,167 shares, 2,116,167 warrants, and 1,350,000 options that are subject to Lock-up. The agreement expires on July 31, 2019.


About Broadway Gold Mining Ltd.


Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The Company owns a 100% interest in a four-square-mile property, which is in the Butte-Anaconda region of Montana, a porphyry-based mining district. The Company is permitted for exploration and bulk sampling. Of two underground mines, one, the Madison, is Mine Safety and Health Administration (MSHA) compliant. While actively expanding known copper and gold zones open for development, the Company’s exploration program has identified new anomalies along the two-mile contact zone, and across its extensive four-square-mile land package. The Company confirmed a Latite porphyry discovery in holes C17-24 and C17-C27 (see news release dated January 22, 2018) that appears to be of significant size with intercepts to-date measuring up to 234 meters, open in all directions.


For more information:


Thomas Smeenk, BA
President and CEO
Broadway Gold Mining Ltd.
1-800-680-0661
IR@broadwaymining.com
www.broadwaymining.com


Media:


Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com


Forward-Looking Statements


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


Neither the TSX Venture Exchange Inc. nor its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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