Founders Metals Inc. Signs Agreement for Option on Antino Gold Project in Suriname
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2022) - Founders Metals Inc. (TSXV: FDR) ("FDR" or the "Company") is pleased to announce that it has signed a letter agreement (the "Letter Agreement") dated October 19, 2022 between FDR and Orea Mining Corp. ("Orea") to acquire from Orea, its option (the "Option") to acquire up to 75% of the Antino Gold Project (the "Project") in Suriname by acquisition from Nana Resources N.V. ("Nana") of up to 75% of the shares in the capital of...
2022-10-24 9:43 AM EDT
Founders Metals Announces Change of Auditor
Edmonton, Alberta--(Newsfile Corp. - September 1, 2022) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce that it has changed its auditors from Dale Matheson Carr-Hilton Labonte (the "Former Auditor") to MS Partners LLP (the "Successor Auditor") effective July 25, 2022 (the "Effective Date"). At the request of the Company, the Former Auditor resigned as auditor of the Company effective the Effective Date and the Board of Directors of the Company appointed...
2022-09-01 4:12 PM EDT
Founders Metals Inc. Files Annual Audited Financial Statements for Revocation of MCTO
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2022) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to confirm that further to its news releases dated January 13, 2022 and December 30, 2021, it completed yesterday the filing of its audited annual financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the year ended August 31, 2021 (the "Annual Filings") under its profile on SEDAR at...
2022-01-28 5:00 PM EST
Founders Metals Inc. Provides Bi-Weekly Status Report Regarding MCTO and Update Regarding Annual Audited Financial Statements
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2022) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") provides this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). As previously stated in the Company's press release dated December 30, 2021, the Company will be delayed in the filing of its audited annual financial statements, accompanying management discussion and...
2022-01-13 4:00 PM EST
Default Announcement Pursuant to National Policy 12-203
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") announced today that it will not be in a position to file its audited annual financial statements, management's discussion and analysis and related certifications for the fiscal year ended August 31, 2021 (the "Annual Statements") on or before the filing deadline of December 29, 2021, as the Company's auditors are unable to complete the Annual Statements by the...
2021-12-30 5:30 PM EST
Founders Metals Reports Initial Drill Results at Elmtree Including 2.06 g/t over 24.8 Metres
Edmonton, Alberta--(Newsfile Corp. - December 22, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce initial drill results from the Company's recently completed 2021 drill program at the Elmtree Gold Project in northeastern New Brunswick. The 2021 Drilling and exploration program focused on confirming and expanding historical gold mineralization at the Elmtree Gold Project. The Company drilled 2,311 m over 18 holes on the Elmtree Property. These...
2021-12-22 9:00 AM EST
Founders Metals Initiates Drilling at the Elmtree Gold Project
Edmonton, Alberta--(Newsfile Corp. - October 7, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to provide details on the 2021 drill program at the Elmtree Gold in northeastern New Brunswick. Drilling started October 6, 2021, focusing on infill and expanding the West Gabbro, South Gold, and Discovery Zones. Following this work, first-pass exploration drilling is planned to test several new targets identified from the historical work and this season's...
2021-10-07 8:30 AM EDT
Founders Metals Identifies New Targets from Drone Magnetics Survey
Edmonton, Alberta--(Newsfile Corp. - September 20, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce the results of a property-wide high-resolution UAV magnetics survey at its Elmtree Gold Project in northeastern New Brunswick. Numerous northeast-trending linear magnetic lows, consistent with the gold-bearing Elmtree Fault Zone, have been identified. Magnetic highs of a similar scale and signature to the mineralized West Gabbro Zone occur along or...
2021-09-20 9:00 AM EDT
Founders Metals Obtains Drill Permits and Signs Drill Contract and Landowner Agreements for the Elmtree Gold Project
Edmonton, Alberta--(Newsfile Corp. - September 15, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce that it has received its work authorization from the New Brunswick Mining Recorder's Office. The government permit allows Founders to commence diamond drilling on the Elmtree Gold Project in northeastern New Brunswick, where it has signed landowner access agreements across the 1063-hectare property. The Company is also pleased to announce the signing...
2021-09-15 8:30 AM EDT
Founders Metals Completes High-Resolution Soil Campaign at the Elmtree Gold Project
Edmonton, Alberta--(Newsfile Corp. - September 9, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce that it has completed a property-wide Ion Leach soil sampling program at its Elmtree Gold Project in northeastern New Brunswick (fig. 1). A total of 3,715 samples were collected over the 1,026-hectare property. This high-resolution sampling campaign represents the most comprehensive geochemical survey on the property to date. It leverages the...
2021-09-09 9:00 AM EDT
Founders Metals Initiates Soil Geochemical Survey on its Elmtree Gold Project
Edmonton, Alberta--(Newsfile Corp. - August 3, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce the start of a multistage soil geochemical survey on its Elmtree Gold Project in northeastern New Brunswick, Canada. Sampling began on July 15th and employs ALS Global's Ionic Leach technique to assist in better identifying mineralization and associated alteration through thin, locally clay-rich, glacial cover.
2021-08-03 9:00 AM EDT
Founders Metals Announces High-Resolution UAV Magnetics Survey for Elmtree Au Project
Edmonton, Alberta--(Newsfile Corp. - July 13, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce a drone-based airborne magnetics survey on its Elmtree Gold Project in the Bathurst Mining Camp of northeastern New Brunswick. The survey is underway, and being flown by Vision 4K, a specialist Canadian provider of UAV/Drone-based geophysical surveys. Gold mineralization in the region is often spatially associated with east-to-northeast-trending,...
2021-07-13 9:00 AM EDT
Founders Metals Completes Elmtree Project Data Compilation
Edmonton, Alberta--(Newsfile Corp. - June 30, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to provide a summary of the compiled historical data for its Elmtree Gold Project in northeastern New Brunswick. The Elmtree Au Project comprises 49 mineral claims totaling 1,063 hectares (ha) situated approximately 20 km northwest of the City of Bathurst. The property has been under active exploration since the late 1950s. However, substantial work began in 1984...
2021-06-30 9:00 AM EDT
Founders Metals Inc. Announces Continuation to British Columbia
Edmonton, Alberta--(Newsfile Corp. - May 12, 2021) - Founders Metals Inc. (TSXV: FDR) (the "Company") is pleased to announce that it has continued its corporate jurisdiction from the federal jurisdiction under the Canada Business Corporations Act to British Columbia under the Business Corporations Act (British Columbia) (the "Continuation"). The Continuation was approved by the shareholders of the Company at the annual general and special meeting of the shareholders held on April 30, 2021...
2021-05-12 6:03 PM EDT
Founders Metals Upcoming Shareholders Meeting
Edmonton, Alberta--(Newsfile Corp. - April 16, 2021) - Founders Metal Inc (TSXV: FDR) (the "Company") (formerly, Avalon Works Inc.) wishes to remind its shareholders of its upcoming annual general and special shareholders meeting (the "Meeting") on Friday April 30, 2021 at 10:00 am Pacific Standard Time at Suite 700 - 595 Burrard Street, Vancouver, British Columbia. We confirm the record date for the Meeting is March 26, 2021 (not to be confused with a previously disclosed date of March 29,...
2021-04-16 7:21 PM EDT
Avalon Works Corp. Announces Completion of Acquisition of Elmtree Gold Project in NE New Brunswick, $5,040,500 Concurrent Financings and Listing on the TSX Venture Exchange
Edmonton, Alberta--(Newsfile Corp. - February 26, 2021) - Avalon Works Corp. (TSXV: AWB) (the "Company") is pleased to announce that, further to the news release issued by the Company on November 26, 2020, the Company has completed a consolidation (the "Consolidation") of all issued and outstanding common shares on the basis of 4.9362-to-1 effective February 25, 2021 followed by the acquisition on February 26, 2021 (the "Acquisition") of a mineral exploration property comprised of two mineral...
2021-02-26 8:48 PM EST
Avalon Announces Agreement to Acquire Elmtree Gold Project in Northeast N.B., $150,000 Bridge Financing, and Minimum $2.5 Million Concurrent Financing
Toronto, Ontario--(Newsfile Corp. - November 26, 2020) - Avalon Works Corp. ("Avalon" or the "Company") is pleased to announce that it has entered into an agreement (the "Letter Agreement") dated November 17, 2020 among Avalon, and Kevin Vienneau, Roy Bonnell, Nick Stajduhar and John Williamson, who are businessmen resident in Canada (collectively, the "Vendors") for the acquisition (the "Acquisition") of two mineral exploration properties respectively comprised of 24 and 25 contiguous...
2020-11-26 6:21 PM EST