Element 29 Closes Oversubscribed Private Placement of $6.8 Million
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2021) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") is pleased to announce that the Company has closed its oversubscribed, non-brokered private placement financing of 11,498,000 million Units (the "Units") at a price of $0.60 per Unit for aggregate gross proceeds of $6,898,800 million (the "Offering"). The Offering Each Unit comprises one common share of Element 29 and one-half common share...
2021-12-14 5:50 PM EST
Element 29 Announces Upsize of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2021) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") is pleased to announce that, due to strong investor demand for its non-brokered private placement previously announced on November 18, 2021, the Company has agreed to increase the size of the private placement by up to 6,000,000 units ("Units"), for aggregate gross proceeds of up to $6,600,000 (the "Offering"). Under the Offering, up to...
2021-12-06 8:30 AM EST
Element 29 Receives Drill Permits at Flor de Cobre Copper Project
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2021) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") is pleased to announce the Ministry of Energy and Mines of Perú ("MINEM") has issued authorization for the Company to start exploration activities at its wholly-owned Flor de Cobre Copper Project ("Flor de Cobre" or "Project") in southern Perú (Figure 1) and the appointment of Mr. Bruce Turner (PEng) as Technical Advisor to the Company....
2021-11-29 8:30 AM EST
Element 29 Announces Private Placement of up to $3 Million
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2021) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") is pleased to announce that the Company intends to complete a non-brokered private placement of up to 5 million Units (the "Units") at a price of $0.60 per Unit for aggregate gross proceeds of up to $3 million (the "Offering"). Each Unit comprises one common share of Element 29 and one-half common share purchase warrant (each whole warrant, a...
2021-11-18 8:00 AM EST
Element 29 Drills 418.0 Metres of 0.51% CUEQ at the Elida Copper Project
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2021) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") is pleased to announce results from the next two drill holes of a seven-hole, 4,500 metre ("m") drilling program in progress at its 100% owned Elida Copper Project ("Elida" or "the Project") located in central Perú (Figure 1). Richard Osmond, Chairman and Interim CEO, comments, "Following the results of the first two drill holes at Elida, we...
2021-11-15 8:00 AM EST
Element 29 Drills 383.75 Metres of 0.71% CUEQ at the Elida Copper Project
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2021) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") is pleased to announce results from the first two drill holes of a six-hole, 4,000 metre drilling program in progress at its 100% owned Elida Copper Project ("Elida" or "the Project") located in central Perú. See Figure 1. Richard Osmond, Chairman and Interim CEO, comments, "The initial drill results from Elida are very encouraging. The long,...
2021-10-18 8:00 AM EDT
Element 29 Announces AGM Results and Provides an Exploration Update
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2021) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") announces the results of its Annual General Meeting, provides an update on the current 4,000 metre ("m") drill program at its Elida Copper Project ("Elida") located in central Perú, and announces Richard Osmond, Element 29's Chairman, as Interim CEO. Annual General Meeting Results All matters submitted to the shareholders for approval as set...
2021-09-30 8:00 AM EDT
Element 29 Commences Drilling at Its Elida Copper Project
Vancouver, British Columbia--(Newsfile Corp. - August 4, 2021) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") announces today that it has commenced a 4,000 metre ("m") drill program to further explore the known copper mineralization at its Elida Copper Project ("Elida") located in central Perú (see Figure 1). The Company also announces the retirement of Brian Booth, President and CEO. Drill Program Initiation of a 4,000 m drill program at Elida Target 1...
2021-08-04 8:00 AM EDT
Element 29 Commences Trading on the OTCQB
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2021) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") is pleased to announce that it has qualified for trading on the OTCQB Venture Market in the United States operated by the OTC Markets Group Inc. and the Company's common shares commenced trading today on the OTCQB under the symbol "EMTRF". The Company's common shares will continue to trade on the TSX Venture Exchange (the "TSX-V") under the symbol...
2021-05-27 8:30 AM EDT
Element 29 Receives Drill Permits and Commences 2021 Exploration Program at the Elida Copper Project, Peru
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2021) - Element 29 Resources Inc. (TSXV: ECU) ("Element 29" or "E29" or the "Company") announces the Ministry of Energy and Mines of Peru ("MINEM") has issued authorization for the Company to start its exploration activities at its wholly-owned Elida copper project ("Elida"). With this authorization, the Company has finalized the permitting process with the MINEM, which was a prerequisite to commencing its drill program. Element 29 has...
2021-05-25 8:30 AM EDT
Element 29 Appoints Country Manager, Peru
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2021) - Element 29 Resources Inc. (TSXV: ECU) (FSE: 2IK) ("Element 29" or "E29" or the "Company") is pleased to announce the appointment of Ricardo Labó as the Company's Country Manager for Peru, effective immediately. Brian Booth, President & CEO of Element 29 comments, "We are excited to have someone with Ricardo's extensive experience join the Element 29 team. His depth of experience working throughout Peru's mining sector will be...
2021-04-08 8:00 AM EDT
Element 29 Provides Update for Flor De Cobre Copper Project, Peru
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - Element 29 Resources Inc. (TSXV: ECU) ("Element 29" or "E29" or the "Company") today provides an update and summary of its Flor de Cobre copper project ("Flor de Cobre") located in Southern Peru. Flor de Cobre has two main porphyry copper centres, Candelaria and Atravezado, which are located in the prolific Paleocene Southern Peru Copper Belt, known to host several of the world's tier-1 porphyry copper deposits including...
2021-02-25 8:00 AM EST
Element 29 Appoints Dr. Paul Johnston as Vice President, Exploration
Vancouver, British Columbia--(Newsfile Corp. - February 4, 2021) - Element 29 Resources Inc. (TSXV: ECU) (FSE: 2IK) ("Element 29" or "E29" or the "Company") is pleased to announce the appointment of Dr. Paul Johnston as the Company's Vice-President, Exploration effective immediately. Brian Booth, President & CEO of Element 29 comments, "We are excited to have someone with Paul's extensive experience join the Element 29 team to advance our porphyry copper projects in Peru. As the former Chief...
2021-02-04 5:00 PM EST
Element 29 Provides Update for Elida Copper Project, Peru
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - Element 29 Resources Inc. (TSXV: ECU) ("Element 29" or "E29" or the "Company") provides an update and summary of its wholly-owned Elida Copper Project ("Elida") located in central Peru. Elida is a large porphyry copper-molybdenum-silver (Cu-Mo-Ag) system discovered in 2015. Elida Highlights 2015 drilling consists of 18 diamond drill holes totalling 9,880 metres ("m"). See Figure 1.All holes intercepted Cu-Mo-Ag mineralization....
2021-01-05 8:01 AM EST
Element 29 Engages Market-Maker
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2020) - Element 29 Resources Inc. (TSXV: ECU) ("E29" or the "Company") has, subject to regulatory approval, retained Independent Trading Group (ITG) Inc. ("ITG") to provide market-making service and to provide assistance in maintaining an orderly trading market for the common shares of the Company. The market-making service will be undertaken by ITG, a registered broker, in compliance with the applicable policies of the TSX Venture...
2020-12-09 9:00 AM EST
Element 29 Completes Initial Public Offering
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2020) - Element 29 Resources Inc. ("E29" or the "Company") today announced the successful closing of its initial public offering (the "Offering") of an aggregate of 13,310,400 units of the company (the "Units") at a price of $0.50 per Unit for gross proceeds of $6,655,200. Each Unit comprises of one common share in the capital of the Company (each a "Common Share") and one-half of one common share purchase warrant of the Company (each...
2020-12-03 12:09 PM EST
Element 29 Files Final Prospectus and Announces Pricing of Initial Public Offering
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2020) - Element 29 Resources Inc. ("E29" or the "Company") today announced that it has obtained a receipt for its final prospectus filed with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario, in connection with the initial public offering (the "Offering") of a minimum of 10,000,000 units of the company (the "Units") and a maximum of 20,000,000 Units at a price of $0.50 per Unit for...
2020-11-13 5:49 PM EST
Element 29 Files Preliminary Prospectus for Initial Public Offering
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2020) - Element 29 Resources Inc. ("E29" or the "Company") is pleased to announce that it has filed a preliminary prospectus in connection with a proposed initial public offering (the "IPO") of units of the Company (the "Units"). Pursuant to the IPO, the Company intends to raise minimum gross proceeds of $5,000,000 and maximum gross proceeds of $10,000,000. The number of Units to be sold and the price per Unit in connection with the...
2020-09-11 3:24 PM EDT