Key Developments: Jaxon Minerals Inc (JAX.V)
0.02CAD
10 Apr 2013
$-0.01 (-33.33%)
$0.03
$0.03
$0.03
$0.02
100,000
38,250
$0.16
$0.02
Latest Key Developments (Source: Significant Developments)
Jaxon Minerals Inc Commences Drilling At Snow Lake
Jaxon Minerals Inc announced that it is commencing a diamond drilling program at its Snow Lake Project located in central Manitoba. The project is located 9 kilometers South-East of Reed Lake where the important new Reed Copper VMS deposit is now being developed by Hudbay Minerals Inc. and VMS Ventures Inc. (see VMS press release dated August 14, 2012). The Reed discovery under Paleozoic cover rocks used the correlation of VTEM and magnetic airborne anomalies to target drilling for sulphide mineralization. Full Article
Jaxon Minerals Inc Closes Private Placement
Jaxon Minerals Inc announced that it has closed a non-brokered private placement of 10,976,625 units at $0.08 per unit for total proceeds of $878,130. Each unit is comprised of one common share and one-half common share purchase warrant. Each full common share purchase warrant entitles the holder to purchase one common share at $0.12 per share until August 9, 2013. The common shares issued pursuant to the private placement as well as any common shares issued pursuant to the exercise of the common share purchase warrants will be legended with a hold period to expire on December 10, 2012. The funds raised will be used to conduct exploration on the Company's properties in the Flin Flon District of Manitoba and Saskatchewan and for general corporate purposes. Full Article
Jaxon Minerals Inc Announces Unit Private Placement
Jaxon Minerals Inc announced a non-brokered private placement of up to 10,000,000 units at $0.08 per unit to raise gross proceeds of up to $800,000 (the Offering). Each unit will be comprised of one common share and one-half common share purchase warrant. Each full common share purchase warrant will entitle the holder to purchase one common share at $0.12 per share with an expiry date of one year from the closing of the private placement; provided however that should the closing price of the Company's share price on the TSX-V be at least $0.30 per share for 20 consecutive trading days, the Company may, by notice to the warrant holders, reduce the remaining exercise period for the warrants to 30 calendar days from the date of the notice. The funds raised will be used to conduct exploration on its mineral claims in the famous Flin-Flon-Snow Lake VMS belt of Manitoba and Saskatchewan and for general working capital. Full Article
Jaxon Minerals Inc Announces New Company President
Jaxon Minerals Inc announced that Mr. Paul Zdebiak, has accepted the position of President and Director of the Company effectively April 2, 2012. Full Article
Jaxon Minerals Inc Closes Flow Through Private Placement
Jaxon Minerals Inc announced that it has closed a non-brokered private placement of 1,750,000 flow through units at $0.20 per unit for total proceeds of $350,000. Each flow through unit is comprised of one flow through share and one-half common share purchase warrant. Each full common share purchase warrant entitles the holder to purchase one common share at $0.25 per share until December 29, 2012. The flow through shares issued pursuant to the private placement as well as any common shares issued pursuant to the exercise of the common share purchase warrants will be legended with a hold period to expire on April 30, 2012. The funds raised will be used to conduct exploration on the Company's recently acquired properties in the Flin Flon - Snow Lake District of Manitoba and Saskatchewan. Full Article
Jaxon Minerals Inc Announces Flow Through Private Placement
Jaxon Minerals Inc announced that MineralFields Group has committed to totally subscribe for the non-brokered private placement of 1,250,000 flow through units at $0.20 per unit announced on December 19, 2011. The Company has therefore increased the offering to 1,750,000 flow through units at $0.20 per unit for total proceeds of $350,000 to accommodate other investors that want to take part in the financing. Each unit will be comprised of one flow through common share and one-half common share purchase warrant. Each full common share purchase warrant will entitle the holder to purchase one additional common share at $0.25 per share with an expiry date of twelve months from the closing of the private placement. The funds raised will be used to conduct exploration on the Company's recently acquired properties in the Flin Flon - Snow Lake District of Manitoba and Saskatchewan. Full Article
Jaxon Minerals Inc Announces Flow Through Private Placement
Jaxon Minerals Inc announced a non brokered private placement of 1,250,000 flow through units at $0.20 per unit to raise gross proceeds of $250,000. Each unit will be comprised of one flow through common share and one half common share purchase warrant. Each full common share purchase warrant will entitle the holder to purchase one additional common share at $0.25 per share with an expiry date of twelve months from the closing of the private placement. The funds raised will be used to conduct exploration on the Company's recently acquired properties in the Flin Flon Snow Lake District of Manitoba and Saskatchewan. Full Article
Jaxon Minerals Inc Options Three Strategically Located Properties In The Prominent Flin Flon-Snow Lake District; Announces Private Placement
Jaxon Minerals Inc announced that it has entered into Option Agreements with GEM OIL INC. and others that allows the Company to acquire 100% of the mineral rights to three properties located in the Flin Flon-Snow Lake volcanogenic massive sulphide (VMS) and gold deposit Greenstone Belt in Manitoba and Saskatchewan. The Belt's metavolcanic rocks of the Amisk Group, known to underlie portions of the properties. This famous Belt has, for decades, supported mining, milling and smelting and contains 27 copper-zinc-gold deposits from which 183 million tonnes of sulphide ore have been mined. The Company's properties are strategically located and comprise the Lucille Lake Block, (2,982 hectares) and, the Snow Lake Block, (144 hectares) in central Manitoba and the Beatty Lake Block, (440 hectares) in Saskatchewan.Jaxon is preparing to initiate an exploration program to further identify and test VMS and structurally controlled gold targets on the three properties. The Phase One approach will include airborne geophysical surveying of the claims by Geotech Ltd., Aurora, Ontario and drilling of prioritized exploration targets. The Company also announced a private placement of 8,000,000 units at $0.15 per unit. Each unit consists of one share and one-half purchase warrant with each full warrant plus $0.25 entitling the holder to purchase a further share for 1 year from closing. Finders Fees commensurate with TSX Venture Exchange policies will be paid. Full Article
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