Monthly Archives: August 2018

Tasca Cancels Its Acquisition of the Beaverhead Property

Vancouver, British Columbia (FSCwire) – Tasca Resources Ltd. (“Tasca” or the “Company”) (TSX.V: TAC, FSE: 3TA) Further to the Company’s news release on July 25, 2018, the Company has decided not to proceed with the acquisition of the Beaverhead Property and is withdrawing its application with the TSX Venture Exchange.

About Tasca Resources

Tasca Resources Ltd. (TAC: TSX-V) is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties. Our objective is to build shareholder value through exploration and potential development or acquisition of existing projects with significant up-side.

For additional information on the Company, please visit the Company’s website at www.tascaresources.com

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive Massey”

Clive H. Massey

President & CEO

For further information, please contact:

Tasca Investor Relations

Phone: (604) 644-6794; Email: info@tascaresources.com

#830 – 1100 Melville St. | PO Box 43 | Vancouver | BC | V6E 4A6

Tel: (604) 341-6870 | Fax: (604) 395-7068

Website: www.tascaresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Tasca Resources Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Tasca Resources Ltd. management on the date the statements are made. Except as required by law, Tasca Resources Ltd. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Tasca Cancels Its Acquisition of the Beaverhead Property 2018-09-30T19:49:30-07:00

Tasca to Proceed to Private Placements of FT and NFT Units

Vancouver, British Columbia (FSCwire) – Tasca Resources Ltd. (“Tasca”, “TAC” or the “Company”) (TSX Venture symbol: TAC) wishes to announce that further to its price reservation on file with the TSX Venture Exchange, it intends to proceed with a private placement of up to 20,000,000 NFT Units at $0.05 per Unit for gross proceeds of up to $1,000,000.  Each NFT Unit is comprised of one common share at $0.05 and one full warrant exercisable at $0.075 per common share for two years from closing.

In addition, and also pursuant to its Price Reservation on file, it intends to proceed with a private placement of up to 5,000,000 Flow Through Units at $0.065 per Flow Through Unit for gross proceeds of up to $325,000.  Each FT Unit is comprised of one common share at $0.065 and one-half (1/2) of one warrant with each whole warrant exercisable at $0.10 per common share (which is not a flow-through share) for two years from closing.

There will be finders’ fees payable.  The private placement is subject to TSX Venture Exchange acceptance and the resulting securities which are issued will be subject to a four month and a day hold period.

About Tasca Resources

Tasca Resources Ltd. (TAC: TSX-V) is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties. Our objective is to build shareholder value through exploration and potential development or acquisition of existing projects with significant up-side.

For additional information regarding the above noted Property and other corporate information, please visit the Company’s website at www.tascaresources.com

ON BEHALF OF THE BOARD OF DIRECTORS 

“Clive Massey” 

Clive H. Massey

President & CEO

For further information, please contact:

Tasca Investor Relations

Phone: (604) 644-6794; Email: info@tascaresources.com

#830 – 1100 Melville St. | PO Box 43 | Vancouver | BC | V6E 4A6

Tel: (604) 341-6870 | Fax: (604) 395-7068

Website: www.tascaresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Tasca Resources Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Tasca Resources Ltd. management on the date the statements are made. Except as required by law, Tasca Resources Ltd. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Tasca to Proceed to Private Placements of FT and NFT Units 2018-09-30T19:49:38-07:00

New Point Exploration Closes $4.6 Million Financing

VANCOUVER, British Columbia, Aug. 09, 2018 (GLOBE NEWSWIRE) — New Point Exploration Corp. (CSE: NP / OTC: NPEZF / FSE: 4NP) (“New Point” or the “Company”) is pleased to announce it has closed a non-brokered private placement financing (“Placement”) for aggregate gross proceeds of C$4,651,000.

The Company has issued 37,208,000 units (“Units”) at a price of C$0.125 per Unit. Each Unit is comprised of one common share and one-half of one transferable common share purchase warrant with each whole Warrant (“Warrant”) entitling the holder to purchase one additional common share of the Company at a price of C$0.13 for a period of up to six months from the date of issue, subject to accelerated expiry.

In the event that the closing price of the Company’s common shares is at or above $0.13 per share for five consecutive days, the Company may provide notice to the warrant holders that the expiry date of the warrants has been accelerated and that warrants not exercised within 14 days will expire.

The proceeds of the Placement will be used for general corporate purposes including G&A and exploration on the Company’s projects.  All securities issued pursuant to the Placement will be free trading upon issuance pursuant to prospectus exemption 2.25 of NI 45-106.

Further, the Company announces the appointment of Mr. James Hyland to the Board of Directors.

Mr. Hyland brings more than 25 years of experience in the public markets as a financial and marketing consultant, a corporate founder and manager of numerous early stage public and private businesses.  His industry expertise includes mining, publishing, financial services, oil & gas, hospitality, technology, alternative energy and healthcare appliances. He is currently a Director of Tasca Resources Corp. (TSX.V: TAC), Resolve Ventures Inc. (TSX.V: RSV) and BLOK Technologies Inc. (CSE: BLK). Mr. Hyland has an extensive network of contacts within the financial community including brokers, fund managers, industry analysts and media, throughout North America, the United Kingdom and continental Europe.  He earned a Bachelor of Commerce in Entrepreneurial Management from Royal Roads University of Victoria, BC. Canada.

The Company has accepted the resignation of Norman Wareham as Chief Financial Officer and a Director of the Company as well as Eric Saderholm as a Director of the Company.  The Company wishes to thank Mr. Wareham and Mr. Saderholm for their contributions to the Company and wishes them all the best in their future endeavours.

About New Point Exploration Corp.

New Point (CSE: NP / OTC: NPEZF / FSE: 4NP) is engaged in the business of acquiring, exploring and developing mineral properties related to the growing battery industry. Focused on high grade, prospective properties in North America, New Point is building a portfolio that includes lithium, cobalt and copper projects in prospective, mining-friendly jurisdictions. New Point, A Next Generation Metals Company.

On Behalf of the Board of New Point Exploration Corp.

“Bryn Gardener-Evans”
President & CEO

Corporate Office
700-838 W Hastings Street Vancouver, BC
V6C 0A6

For further information, please contact:

E: investors@newpointexploration.com
P: 403-830-3710

Forward-looking Information

This news release includes certain forward-looking statements and forward-looking information (collectively, “forward- looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the Assumption Agreement, the anticipated exploration program for the Empire Lithium Property, future capital expenditures, the anticipated business plans, including the Company’s transition into mineral exploration and development related to the battery industry, and the timing of future activities of the Company, are forward-looking statements. Often, but not always, forward looking information can be identified by words such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies, including, prices for lithium, cobalt, copper, and base metals remaining as estimated, prices for labour, materials, supplies and services (including transportation) remaining as estimated, all necessary permits, licenses and regulatory approvals for the Company’s operations being received in a timely manner, and the Company’s ability to comply with environmental, health and safety laws. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development, actual results of exploration activities, variations to the geological and metallurgical assumptions, the costs and timing of the development of new exploration projects, requirements for additional capital to fund the Company’s business plan, future prices of lithium, cobalt, copper, and base metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, and environmental issues and liabilities, as well as those factors discussed under the heading “Risk Factors” in the Company’s prospectus dated November 8, 2017 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR website at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

New Point Exploration Closes $4.6 Million Financing 2018-09-30T19:49:46-07:00

Tasca Acquires Second Property Proximal to the Moosehead Gold Project’s New Gold Discovery Located in Newfoundland, Canada

Vancouver, British Columbia (FSCwire) – Tasca Resources Ltd. (“Tasca” or the “Company”) (TSX.V: TAC, FSE: 3TA) is pleased to announce that the Company has acquired a second property in the burgeoning Moosehead Gold area of north-central Newfoundland. The 600 hectare property is located 6.2 km due east of Sokomon Iron Corp’s (Symbol: SIC-TSXV) Moosehead Gold Project where Sokoman recently reported a drill intersection of 44.96 grams per tonne (g/t) gold over 11.9 metres.

The 4 km N-S by 1.5 km E-W road accessible property is located 10 kilometres SE of the town of Bishop’s Falls. The Moosehead and Tasca property lies along a northeast trending 150km belt of Silurian volcanic, volcaniclastic and sedimentary rocks with associated intrusives. Mineralization in the Moosehead area is associated with east-west trending quartz veins associated with a north dipping fault system.

The Sokoman intersection consisted of quartz veining at a down hole depth of 109m to 120.9m. Visible gold was noted in the quartz veining. True width is not known but appears to be 50% to 80%.

Tasca cautions investors mineralization on the Moosehead property is not necessarily indicative of similar mineralization on its newly acquired claim block. Tasca further cautions investors it has not verified the Sokoman exploration data.

President Clive Massey stated: “The addition of this new ground to our property portfolio puts Tasca in an excellent position to be a leader in this emerging area play. We feel Newfoundland is one of the best exploration jurisdictions in Canada and we are eager to become a key player in this developing exploration camp. Our exploration team will be on the ground in the next few weeks to begin evaluation of these key pieces. ”

Under the terms of the Agreement, Tasca has agreed to purchase a 100% interest in the Moosehead Claim from an Arms-Length Vendor by paying $15,000 and issuing 1,500,000 million shares on approval of the Agreement by the TSX Venture Exchange (the “Exchange”). Tasca will have an exploration crew on the properties later in August to undertake preliminary prospecting programs to identify targets for follow up.

About Tasca Resources 

Tasca Resources Ltd. (TAC: TSX-V) is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties. Our objective is to build shareholder value through exploration and potential development or acquisition of existing projects with significant up-side.

For additional information regarding the above noted Property and other corporate information, please visit the Company’s website at www.tascaresources.com

Qualified Person 

The scientific and technical information contained in this news release has been reviewed and approved by R. Tim Henneberry, P.Geo. an independent consulting geologist who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).

ON BEHALF OF THE BOARD OF DIRECTORS 

“Clive Massey” 

Clive H. Massey

President & CEO

For further information, please contact: 

Tasca Investor Relations
Phone: (604) 644-6794; Email: info@tascaresources.com

#830 – 1100 Melville St. | PO Box 43 | Vancouver | BC | V6E 4A6
Tel: (604) 341-6870 | Fax: (604) 395-7068
Website: www.tascaresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Tasca Resources Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Tasca Resources Ltd. management on the date the statements are made. Except as required by law, Tasca Resources Ltd. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

 

Tasca Acquires Second Property Proximal to the Moosehead Gold Project’s New Gold Discovery Located in Newfoundland, Canada 2018-09-30T19:38:51-07:00
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