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- Fri Apr 16, 2021 - Kermode Closes Vidette Lake Property Option; Private Placement
Kermode Resources Ltd. (KLM -- TSXV) is pleased to announce that it has exercised its Option to acquire a 100% interest in the Vidette Lake gold project in British Columbia from Strata GeoData Services Ltd. To exercise the first increment, Kermode has paid $5,000 in cash, issued 100,000 common shares in the capital of Kermode, and committed to expend $50,000 on the first year's work program. To fully exercise the Option, Kermode must pay an aggregate of $35,000 in cash, issue an aggregate of 5
- Mon Mar 29, 2021 - Kermode To Resume Trading Update On Vidette Lake Property Option; Private Placement; AGM
Kermode Resources Ltd. (KLM -- TSXV) is pleased to announce that the TSX Venture Exchange (\'TSXV\') has conditionally accepted the acquisition agreement previously announced (May 23, 2020 and March 9, 2021) and accordingly the Company will exercise its option to acquire a 100% interest in the Vidette Lake gold project in British Columbia from Strata GeoData Services Ltd., an arm's length party. The principals of Strata GeoData Services Ltd. are Andrew Philip Randell and Brian David Wilke. The op
- Tue Mar 9, 2021 - Update On Vidette Lake Property Option; Debt Settlement; Private Placement
- Wed May 27, 2020 - Vidette Lake Property Option; Debt Settlement; Private Placement
Kermode Resources Ltd. (KLM -- TSXV) is pleased to announce that it has entered into an option agreement (the \'Option Agreement\') with Strata GeoData Services Ltd. to acquire a 100% interest in the Vidette Lake gold project in British Columbia. The Option Agreement was signed on May 23, 2020 and is an arm's length transaction. No finder's fees are payable in connection with the transaction.
- Tue Dec 31, 2019 - Kermode Resources Appoints New Director
Kermode Resources is pleased to announce the appointment of a new director, Mr. Peter Newton Bell.
- Mon Jan 29, 2018 - Kermode to Focus on Eastgate Gold Project in Nevada
Kermode Resources Ltd. (KLM:TSX-V) January 29, 2018 announces the successful completion of a transaction to sell the company's long-held Jackson's Arm Gold Deposit (the \'Project\') in Newfoundland, Canada. Anaconda Mining Inc. (ANX:TSX) acquired 100% of the Project for cash and shares of ANX, the current value of which is approximately $550,000. The terms are detailed below.
- Mon May 25, 2015 - Kermode/Boss Eastgate Agreement
Kermode is pleased to announce it has reached agreement to sell part of its interest in its Nevada Eastgate gold project to Boss Power.
Under the terms of the agreement, Boss will purchase one-half of Kermode's 30% interest in the property for US$250,000 and have the right to participate with Kermode in the underlying agreement that Kermode has with Blue Ridge Gold (see NR May 10,2012).
Boss will purchase, in two transactions, each involving the payment of US$ 200,000 to Blue Ridge for an
- Mon Jun 23, 2014 - Kermode purchases a 30% direct interest in Eastgate Gold Property, Kermode Terminates Demerara Option
Kermode has now made payments under the terms of its Agreement with Blue Ridge Gold LLC, (a private Nevada company) and has purchased a direct 30% interest in the Eastgate Gold Property, Nevada.
Kermode can acquire up to a 100% interest in the Eastgate Gold Property from Blue Ridge subject to a 3% NSR with buy down provisions on 1%.
The Eastgate property provides a unique opportunity to explore a well-developed hydrothermal gold-silver system with historic evidence to support the presence
- Mon Apr 28, 2014 - Kermode Closes Second Unit Eastgate Project Financing
Kermode is pleased to announce that it has closed its $225,000 Second Unit financing with Demerara Gold in accordance with the terms described in Kermode's News Release of April 24, 2014. All securities issued pursuant to this financing are subject to a hold period expiring four months and one day from the date of issuance.
Proceeds of the financing will be used to meet an upcoming option payment due to Blue Ridge Gold LLC, the underlying vendor of Kermode's flagship Eastgate Project in nort
- Tue Apr 1, 2014 - Private Placement; Resignation of Adrian O'Brien as President
Further to Kermode's previous news release, the Company confirms its intention to complete a non-brokered private placement financing for proceeds of $100,000, to be used for general working capital purposes. The Company will issue 2,000,000 shares at a price of $0.05 per share, to insiders and non-insiders. The financing is subject to TSX Venture Exchange final acceptance.
Kermode also announces the resignation of Adrian O'Brien in his capacity as President of the Company; however he wil