Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Eclipse Gold Mining to begin trading on TSXV on February 18
  • Subscription receipts have been converted into common shares
  • CAD$5.4 million released from escrow
  • Funds to be used for the company’s Hercules property in Nevada, USA
  • Company website awaiting launch

Eclipse Gold Mining has taken the plunge as a publicly listed company after informing the market it has converted the subscription receipts in connection with the filing of their final prospectus with the British Colombia Securities Commission, into common shares of the company.

The move also releases about CAD$5.4 million held in escrow which will go towards advancing its Hercules property in Nevada, USA and the operation of the company.

It will also begin trading on the TSX Ventures exchange under the code EGLD on February 18.

Eclipse Gold Mining filed its final prospectus with the British Columbia Securities Commission on February 6, which qualifies the company to distribute the common shares of its capital and issuable for no additional consideration upon the deemed exercise of the 15,500,232 subscription receipts which were issued on November 19, 2019. The company also received a receipt for the prospectus filing.

TSXV confirmed that all listing requirements were met on February 7.

At the time of writing Eclipse Gold Mining’s website had not been launched.

More From The Market Herald

" Barksdale (TSXV:BRO) announces latest drill results from San Javier, Mexico

Barksdale Resources (BRO) has released assay results for another eight drill holes in its 5,000-metre Phase I program.

" Solis Minerals (TSXV:SLMN) upgrades OTC listing

Solis Minerals (SLMN) is attempting to upgrade its U.S. Over The Counter (OTC) listing to the OTCQB level.

" Prismo Metals (CSE:PRIZ) begins work at Los Pavitos

Prismo Metals (PRIZ) has mobilized a crew of geologists to its Los Pavitos project in Sonora State.

" Element 29 (TSXV:ECU) reports final three holes from drilling at Elida

Element 29 Resources (ECU) has completed its seven-hole, 4,500-metre drill program at the Elida Copper Project.