Brazil
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Pacific Bay Minerals Secures $2 Million Private Placement to Advance Brazilian Gold Project, Extends Warrant Terms
Pacific Bay Minerals is raising up to $2 million through a non-brokered private placement of 20 million units to fund the acquisition and exploration of the Pereira-Velho Gold Project in Brazil. Additionally, the company is seeking to extend the expiry of 7.3 million warrants and has appointed Elton Pereira as country manager for Brazil.
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GoldMining Options Up to 80% of Boa Vista Project to Australian Mines Limited for Up to $7 Million
GoldMining Inc. has entered an earn-in agreement with Australian Mines Limited for its Boa Vista Project in Brazil. This deal allows AUZ to acquire up to an 80% interest, potentially yielding GoldMining $7 million in cash and equity. This strategic move enables GoldMining to focus on its flagship São Jorge Project while retaining a carried interest and equity in AUZ for the Boa Vista Project’s future success.
