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Search Minerals Inc (SMY.V)

SMY.V on TSX Venture Exchange

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Latest Key Developments (Source: Significant Developments)

Search Minerals provides corporate update and convertible debenture financing
Wednesday, 21 Dec 2016 04:17pm EST 

Search Minerals Inc : Says debenture will be convertible into units at a conversion price of $0.07 per unit . Says non-brokered unsecured convertible debenture private placement bearing simple interest at a rate of 10 pct per annum .Provides corporate update and convertible debenture financing.  Full Article

Search Minerals Inc announces closing of first tranche of private placement
Wednesday, 29 Jul 2015 05:44pm EDT 

Search Minerals Inc:Says closing of the first tranche of its previously announced private placement.Says non-brokered private placement to raise gross proceeds of $477,000 by the issuance of 7,950,000 units at $0.06 per Unit. Each Unit consists of one common share in the capital of the Company (a "Share") and one share purchase warrant.Each Warrant entitles the holder to purchase one additional common share in the capital of the Company at a price of $0.10 per Warrant Share for a period of 24 months from the closing of the Offering. The Company intends to close the final tranche of the Offering shortly.  Full Article

Search Minerals Inc owns 100 pct of Red Wine Complex Property with purchase of Great Western Minerals' working interest
Monday, 29 Jun 2015 07:00am EDT 

Search Minerals Inc:Says company and its wholly-owned subsidiary, Alterra Resources Inc., are to announce that company has purchased from Great Western Minerals Group Ltd. (GWMG) its interest in the Red Wine Complex Property (Property).GWMG had acquired its interest in Property pursuant to an option agreement between the Company and GWMG dated July 23, 2010.Following this acquisition, Search now owns 100 pct of property.Acquisition was completed pursuant to a Sale and Purchase Agreement whereby Search acquired GWMG's interest for payment of $20,000, which amount has been paid.  Full Article

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