Key Developments: Oracle Mining Corp (OMN.TO)

OMN.TO on Toronto Stock Exchange

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24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Oracle Mining Corp signs indicative term sheet for minimum $6.5 mln and maximum $7.5 mln secured convertible loan
Monday, 8 Dec 2014 06:00am EST 

Oracle Mining Corp:Signs non-binding indicative term sheet for a secured convertible loan facility for an aggregate minimum principal amount of $6.5 mln and maximum principal amount of $7.5 mln and a warrant for up to C$20 mln with Vincere Resource Holdings LLC.Vincere is a private entity, specializing in investing in late-stage mining projects that can be taken into production within 18 months.  Full Article

Oracle Mining Corp signs coordination and collection agreements with US Forest Service
Thursday, 8 May 2014 06:00am EDT 

Oracle Mining Corp:Signed coordination and collection agreements with U.S. Forest Service.Agreements permit U.S. Forest Service, Coronado National Forest, to complete review of Corporation's Preliminary Draft Environmental Assessment (PDEA) and plan of operations, which Oracle Mining believes will culminate in approval of our activities on U.S. Forest Service lands.  Full Article

Oracle Mining Corp successful in lawsuit defence
Tuesday, 25 Mar 2014 08:00pm EDT 

Oracle Mining Corp:Announces that its legal counsel has successfully defended the corporation from all claims brought by Axiom Capital Management, Inc. regarding a finder's fee arrangement.The United States District Court Southern District of New York found in favour of Oracle Mining as to all claims.The parties are to bear their own costs.  Full Article

Oracle Mining Corp Appoints Chief Financial Officer
Monday, 18 Nov 2013 06:12pm EST 

Oracle Mining Corp announced that the Board of Directors has appointed Ampere Chan as Chief Financial Officer of the Company.  Full Article

Oracle Mining Corp Closes Loan Facility
Tuesday, 12 Nov 2013 08:46pm EST 

Oracle Mining Corp announced it has closed (the Initial Closing) an initial tranche of approximately CAD3.0 million of a secured convertible loan facility (the Loan) for up to an aggregate principal of CAD10.0 million with Rich Stone Mining Investment (Hong Kong) Limited (Rich Stone). The balance of the first tranche (approximately CAD1.0 million) is expected to be funded within two weeks. The closing of the second tranche of the Loan in the amount of CAD6.0 million remains subject to the satisfaction of customary conditions precedent, including without limitation, Rich Stone being satisfied of its due diligence review of the Corporation's business and the assets, prospects and contracts and arrangements relating to the business on or before December 31, 2013. Oracle Mining intends to use the net proceeds from the initial tranche towards its underground drill program, the completion of a Feasibility Study and NI 43-101-compliant reserve and resource study, for certain property payments and land transactions, permitting and other preliminary capital expenditures at the Corporation's Oracle Ridge copper project, located 24 km northeast of Tucson, AZ, and for working capital and general corporate purposes.  Full Article

Oracle Mining Corp Announces Management And Board Changes
Sunday, 20 Oct 2013 09:00pm EDT 

Oracle Mining Corp announced that President, Rod Campbell and Chief Financial Officer, Tiffany Grenke will be leaving Oracle Mining, effective immediately. Ms. Grenke has transitioned out of the CFO role over the past two months due to personal reasons. The Corporation expects to announce a new CFO in the near term.  Full Article

Oracle Mining Corp Announces Management Change
Monday, 8 Jul 2013 06:07pm EDT 

Oracle Mining Corp announced that the resignation of Mr. Alan Edwards as the Chief Executive Officer of the Corporation. The Corporation has a Chairman and President as well as a complete executive team in its head office and operations team in place at Oracle Ridge in Arizona. Oracle Mining expects to name a new Chief Executive Officer in the near future.  Full Article

Oracle Mining Corp Announces Appointment Of CFO
Monday, 15 Apr 2013 05:45pm EDT 

Oracle Mining Corp announced that Ms. Tiffany Grenke, is being promoted to the position of Chief Financial Officer (CFO).  Full Article

Oracle Mining Corp Appoints Rod Campbell As President
Sunday, 20 Jan 2013 11:00am EST 

Oracle Mining Corp announced that the Board of Directors has appointed Mr. Rod Campbell to the role of President of the Company.  Full Article

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