Freeport Resources Inc. has closed a third tranche of its non-brokered private placement offering for gross proceeds of $280,000. In connection with completion of the third tranche of the offering, the company has issued 5.6 million units at a price of five cents per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share of the company at a price of 10 cents until Sept. 30, 2024.
Read MoreRead MoreFreeport Resources Inc. has received notification from the Papua New Guinea Mineral Resources Authority (the MRA) of the renewal of exploration licence EL 1335, which covers the concession comprising the Yandera copper project. The renewal was granted with effect from November 20 th, 2019 for a term of two years ending November 19 th, 2021.
Freeport Resources Inc. has closed a second tranche of its non-brokered private placement offering for gross proceeds of $633,000. In connection with completion of the second tranche of the offering, the company has issued 12.66 million units at a price of five cents per unit.
Read MoreFreeport Resources Inc. has closed the first tranche of its non-brokered private placement offering for gross proceeds of $1,417,816.65. In connection with completion of the first tranche of the offering, the company has issued 28,356,333 units at a price of five cents per unit.
Read MoreVancouver, British Columbia – (January 9, 2023) – Freeport Resources Inc. (the “Company”) announces that it will offer up to 60,000,000 units (each, a “Unit”) by way of a non-brokered private placement, at a price of $0.05 per Unit, for gross proceeds of up to $3,000,000. Each “Unit” will consist of one common share, and one-half-of-one common share purchase warrant (each whole warrant, a “Warrant”). Each “Warrant” is exercisable to acquire an additional common share of the Company, at a price of $0.10, for a period of eighteen months.
Read MoreFreeport Resources Inc. will not proceed with a further renewal of exploration licence No. EL 1312, previously granted by the Papua New Guinea Minister of Mining. The licence represents the key tenement within the Star Mountains property, and it will be allowed to lapse in accordance with its existing terms.
Read MoreVancouver, British Columbia – (January 20, 2022) – Freeport Resources Inc. (the “Company”) is pleased to announce that it has received approval from the TSX Venture Exchange for the extension of share purchase warrants exerciseable at a price of $0.10 (the “$0.10 Warrants”) and $0.40 (the “$0.40 Warrants”). The $0.10 Warrants were previously scheduled to expire on June 4, 2022, and will now expire on June 4, 2025, and the $0.40 Warrants were previously scheduled to expire on February 10, 2022, and will now expire on August 10, 2025.
Read MoreVancouver, British Columbia – (January 20, 2022) – Freeport Resources Inc. (the “Company”) is pleased to announce that it has received approval from the TSX Venture Exchange for the extension of share purchase warrants exerciseable at a price of $0.10 (the “$0.10 Warrants”) and $0.40 (the “$0.40 Warrants”). The $0.10 Warrants were previously scheduled to expire on June 4, 2022, and will now expire on June 4, 2025, and the $0.40 Warrants were previously scheduled to expire on February 10, 2022, and will now expire on August 10, 2025.
Read MoreVancouver, British Columbia – (September 17th, 2021) – Freeport Resources Inc. (the “Company”) is pleased to announce that its applications to extend Exploration Licenses EL 2467 Mt. Abemh, EL 2001 Benstead and EL 1781 Mt. Scorpion, have been granted by the Minister with effect from December 2nd, 2020, December 20th 2020 and March 12th, 2020, respectively for a term of two years. The PNG Mining Cadastre Portal indicates that the renewal for EL 1335 Yandera is awaiting Ministerial Endorsement.
Read MoreVancouver, British Columbia – (August 23rd, 2021) – Freeport Resources Inc. (the “Company”) is pleased to announce that its application to extend Exploration License Number EL 1312 has been granted by the Papua New Guinea, Minister of Mining with effect from September 20, 2020 for a term of two years.
Read MoreVancouver, British Columbia – (June 28, 2021) – Freeport Resources Inc. (TSX-V: FRI; FSE: 4XH; OTCQB: FEERF) (“Freeport”, or the “Company”) is pleased to announce that it has signed a definitive share purchase agreement (the “Purchase Agreement”), dated effective June 25, 2021, with Carpo Resources Inc. (“Carpo”), and each of the shareholders of Carpo (collectively, the “Vendors”), pursuant to
Read MoreVancouver, British Columbia – (June 28, 2021) – Freeport Resources Inc. (TSX-V: FRI; FSE: 4XH; OTCQB: FEERF) (“Freeport”, or the “Company”) is pleased to announce that it has signed a definitive share purchase agreement (the “Purchase Agreement”), dated effective June 25, 2021, with Carpo Resources Inc. (“Carpo”), and each of the shareholders of Carpo (collectively, the “Vendors”), pursuant to which the Company proposes to acquire all of the outstanding share capital of Carpo from the Vendors (the “Transaction”).
Read MoreVancouver, British Columbia – (May 3, 2021) – Freeport Resources Inc. (TSX-V: FRI; FSE: 4XH; OTCQB: FEERF) (“Freeport”, or the “Company”) is pleased to share results from an evaluation of the Star Mountains data conducted by Minerva Intelligence Inc. (TSX-V: MVAI) (“Minerva”), an artificial intelligence company focused on knowledge engineering.
Read MoreVancouver, British Columbia – (January 6, 2021) – Freeport Resources Inc. (TSX-V: FRI; FSE: 4XH; OTCQB: FEERF) (“Freeport”, or the “Company”) is pleased to announce that it has received approval from OTC Markets Group to begin trading on the OTCQB Market under the ticker symbol “FEERF” at the open of markets on January 7, 2021.
Read MoreVancouver, British Columbia – (November 23, 2020) – Freeport Resources Inc. (TSX-V: FRI; FSE: 4XH) (“Freeport”, or the “Company”) is pleased to announce that it has signed a contract with Minerva Intelligence Inc. (TSX-V: MVAI) (“Minerva”), an artificial intelligence company focused on knowledge engineering, for DRIVER, Minerva’s cutting-edge AI software for evaluation of multi-element drilling data.
Read MoreVancouver, British Columbia – (November 5, 2020) – Freeport Resources Inc. (TSX-V: FRI) (“Freeport”, or the “Company”) is pleased to announce that it has filed an independent technical report outlining the current resource estimate for its Star Mountains property located in Papua New Guinea (PNG). A copy of the report is available under the Company’s profile on SEDAR (www.sedar.com).
Read MoreVancouver, British Columbia – (October 19, 2020) – Freeport Resources Inc. (TSX-V: FRI) (“Freeport”, or the “Company”) is pleased to announce that it has acquired all of the outstanding share capital of Quidum Resources Inc. (“Quidum”). Quidum is a privately-held company which controls Highlands Pacific Resources Limited, a corporation established under the laws of Papua New Guinea and which owns a series of contiguous exploration licenses located in Papua New Guinea and which are together commonly known as the “Star Mountains Property”.
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