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Golden Tag Resources Ord Shs V.GOG


Primary Symbol: GTAGF

Silver Storm Mining Ltd., formerly Golden Tag Resources Ltd., is a Canada-based mineral resource exploration company. The Company is focused on advanced stage silver projects located in Durango, Mexico. The Company’s project portfolio includes La Parrilla and San Diego Property. The La Parrilla project is located in Durango State, Mexico, approximately 76 kilometers southeast of Durango's capital and comprises 41 contiguous mining concessions in good standing, covering 69,478 hectares (ha). La Parrilla hosts five underground mines surrounding the mill, including Rosarios, La Rosa, San Jose, Quebradillas and San Marcos, and the Quebradillas open pit. The San Diego Property, which covers 92 ha, is located 75 km southwest of the city of Torreon, four km east-northeast (ENE) of the Company’s San Juana Mine and 13 km NE of Penoles’ Santa Maria Mine in north-east (NE) Durango State, Mexico.


OTCQB:GTAGF - Post by User

Post by gottahavegoldon Sep 11, 2019 8:52am
208 Views
Post# 30115988

NEWS

NEWSThis is very good news IMHO, a nice raise of cash but more importantly the addition of Chad Williams.


Golden Tag Resources Announces $1,500,000 Financing & Strengthens Board of Directors

MONTREAL, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Golden Tag Resources Ltd. (TSX.V: GOG) (the "Company") is pleased to announce a private placement for an aggregate of $1,500,000 comprised of 30,000,000 units (the "Units") at a price of $0.05 per Unit. Each Unit consists of one common share (the "Shares") and one-half share purchase warrant (the "Warrants"). Each whole Warrant will entitle the holder to purchase one additional Share at a price of $0.07 for a period of 24 months from the date of issue of the Warrants. 

The Company also announces the appointment of Mr. Chad Williams as a director and Chairman of the Board. Mr. Williams is the Chairman and founder of Red Cloud Klondike Strike. He has extensive experience in mining finance and management having previously held the position of CEO of Victoria Gold Corp., Head of Mining Investment Banking at Blackmont Capital Inc., and a highly ranked mining analyst at TD Bank and other Canadian brokerage firms. Mr. Williams holds both a P.Eng in Mining and an MBA from McGill University.

Proceeds from the financing will be used for general working capital.

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