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Magnum Goldcorp Inc

Magnum Goldcorp Inc (MGI)

0.015
-0.005
( -25.00% )
Updated: 03:50:29

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Key stats and details

Current Price
0.015
Bid
0.015
Offer
0.02
Volume
1,000
0.015 Day's Range 0.015
0.00 52 Week Range 0.00
Market Cap
Previous Close
0.02
Open
0.015
Last Trade
1000
@
0.015
Last Trade Time
03:50:29
Financial Volume
-
VWAP
-
Average Volume (3m)
-
Shares Outstanding
36,619,000
Dividend Yield
-
PE Ratio
-4.35
Earnings Per Share (EPS)
-0
Revenue
-
Net Profit
-86k

About Magnum Goldcorp Inc

Sector
Miscellaneous Metal Ores,nec
Industry
Blank Checks
Headquarters
Vancouver, British Columbia, Can
Founded
2013
Magnum Goldcorp Inc is listed in the Miscellaneous Metal Ores sector of the TSX Venture Exchange with ticker MGI. The last closing price for Magnum Goldcorp was $0.02. Over the last year, Magnum Goldcorp shares have traded in a share price range of $ 0.00 to $ 0.00.

Magnum Goldcorp currently has 36,619,000 shares in issue. The market capitalisation of Magnum Goldcorp is $732,380 . Magnum Goldcorp has a price to earnings ratio (PE ratio) of -4.35.

MGI Latest News

Magnum Goldcorp Inc. Announces Completion of Qualifying Transaction and Concurrent Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 11, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Magnum Goldcorp Inc. (TSX VENTURE:MGI...

MoneyGram Establishes Service in Vientiane, Laos

MoneyGram Establishes Service in Vientiane, Laos VIENTIANE, Laos, Feb. 28 /Xinhua-PRNewswire-FirstCall/ -- MoneyGram Payment Systems, Inc. today inaugurates its service in Laos with Banque pour...

American Stock Exchange to Trade Options On Eight Additional Securities

American Stock Exchange to Trade Options On Eight Additional Securities NEW YORK, June 30 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) will launch trading in options on Thursday...

Standard & Poor's Announces Changes to S&P U.S. Indices

Standard & Poor's Announces Changes to S&P U.S. Indices NEW YORK, June 23 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40000000CS
120000000CS
260000000CS
520000000CS
1560000000CS
2600000000CS

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MGI Discussion

View Posts
JonnyRBuck12 JonnyRBuck12 3 years ago
Magnum plans LH drilling for late spring

2022-04-07 14:19 ET - News Release

Mr. Douglas Mason reports

MAGNUM GOLDCORP INC. ANNOUNCES 2022 LH PROPERTY EXPLORATION PLANS AND ISSUES STOCK OPTIONS

Magnum Goldcorp Inc. has provided its 2022 plans to further explore the company's LH property located near Silverton, B.C.

With a 2-year Multi-Year Area Based (MYAB) work permit in hand for its LH Property, the Company is planning a diamond drill program to further explore its LH Property, commencing in late Spring once snow conditions and weather conditions permit access.

The planned drill program will continue evaluation of an interpreted pyrrhotite-bearing vein system, interpreted to comprise multiple en echelon veins identified in both underground workings and previous drilling (see News Releases dated Nov. 25, 2019, Feb 8, 2018, Aug. 18, 2015). Highly anomalous gold results, up to 20.76 g/t over 11.0 m, were documented in the 2015 drill program from a total of 11 drill holes drilled at a shallow to moderate angle to the vein system. A follow-up program in 2017, comprising 5 holes drilled at a moderate to high angle to the vein system, documented slightly lower gold grades, up to 1.59 g/t over 11.97 m. A third drill program in 2019, comprising 4 drill holes drilled at a moderate to high angle to the vein system, returned up to 5.15 g/t over 5.58 m. True widths for mineralized intervals documented to date vary between approximately 0.5 to 9.00 m for multiple veins to vein segments comprising an interpreted en echelon system.

The pyrrhotite-bearing veins and vein segments return strong magnetic signatures, spatially associated with the underground workings developed along the vein system, as well as the 2015 drill intercepts. Drill intercepts from 2017 and 2019 are associated with less intense magnetic signatures and were interpreted to have tested a pyrrhotite mineralized halo, rather than the vein system itself. Evaluation of results from the 2019 airborne magnetic drone survey has identified several magnetic highs. Given a strong correlation between pyrrhotite content and gold grade, these magnetic high are interpreted to represent gold-bearing intervals along the vein system and comprise the targets for the 2022 drill program.

The LH Property is a gold exploration property consisting of 19 contiguous crown granted claims and 7 mineral claims, located approximately 7 km south of Silverton, British Columbia, on the east side of Slocan Lake. Access to the LH Property is via Highway 6 for 1.1 km south of Silverton and then via Red Mountain Road for 1.6 km to the Hewitt Mine Road, and then along a four-wheel drive road along Fingland Creek for approximately 5 km.

Stock Option Grants

In accordance with the terms of the Company's stock option plan, the Company has granted 3,200,000 incentive stock options to certain directors, officers, employees and consultants, at an exercise price of $0.05 per share for a term of 5 years.

We seek Safe Harbor.
👍️0
JonnyRBuck12 JonnyRBuck12 3 years ago
Magnum Goldcorp receives work permit for LH property

2022-03-29 17:20 ET - News Release

Mr. Douglas Mason reports

MAGNUM GOLDCORP INC. RECEIVES LH PROPERTY WORK PERMIT AND ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Further to its news release of Dec. 1, 2021, Magnum Goldcorp Inc. has received an approved work permit in order to proceed with its planned exploration on its LH property located near Silverton, B.C.

Magnum has received a two-year multiyear area-based (MYAB) work permit for its LH property, issued by the Ministry of Energy, Mines and Low Carbon Innovation. The company is planning a diamond drill program to further explore its LH property to begin in the late spring, once weather conditions allow.

Subject to regulatory approval, the company intends to proceed with a non-flow-through non-brokered private placement to raise up to $150,000 by the issuance of three million non-flow-through units at five cents per NFT unit. Each NFT unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share for a period of five years at an exercise price of 10 cents. With respect to this private placement, the company may pay finders' fees in the amount of 10 per cent, payable in cash or NFT units, based on the sale of the NFT units purchased by subscribers introduced to the company by such finders.

The company intends to use the proceeds from this private placement for further exploration on its LH property and for general working capital purposes.

The LH property is a gold exploration property consisting of 19 contiguous crown granted claims and seven mineral claims, located approximately seven kilometres south of Silverton, B.C., on the east side of Slocan Lake. Access to the LH property is via Highway 6 for 1.1 kilometres south of Silverton and then via Red Mountain Road for 1.6 km to the Hewitt mine road, and then along a four-wheel drive road along Fingland Creek for approximately five km.

We seek Safe Harbor.
👍️0
JonnyRBuck12 JonnyRBuck12 3 years ago
Great to see a new 52 week high today! Looking forward to seeing the placement closed and drilling to begin!
👍️0
JonnyRBuck12 JonnyRBuck12 3 years ago
Magnum Goldcorp increases private placement

2021-09-28 17:29 ET - News Release

Mr. Douglas Mason reports

MAGNUM GOLDCORP INC. INCREASES SIZE OF NON-BROKERED PRIVATE PLACEMENTS

Magnum Goldcorp Inc., further to its news releases of Aug. 18, 2021, and Sept. 2, 2021, and subject to regulatory approval, has increased the size of its non-flow-through non-brokered private placement and will now raise $613,000 by the issuance of 12.26 million non-flow-through units at five cents per NFT unit. Each NFT unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share for a period of five years at an exercise price of 10 cents. The warrants are subject to an acceleration right that allows the company to give notice of an earlier expiry date if the company's share price on the TSX Venture Exchange is equal to or greater than 25 cents for a period of 20 consecutive trading days.

In addition, the size of the flow-through private placement has increased, and the company will now raise $365,000 by the issuance of 6,083,333 flow-through shares at six cents per FT share.

With respect to these private placements, the company may pay finders' fees in the amount of 10 per cent, payable in cash or NFT units, based on the sale of the FT shares and NFT units purchased by subscribers introduced to the company by such finders.

The company intends to use the proceeds from these private placements for further exploration on its LH property and for general working capital purposes.

We seek Safe Harbor.
👍️0

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