Articles Tagged "Homestake Resource Corporation"

Homestake Resource Corp Announces New Targets at Kinskuch, Loan Agreement

Gold – Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) has entered into a loan agreement with an arm's length individual for $100,000. Proceeds from the loan will be used to pay acquisition expenses for Homestake's 625 square kilometre Kinskuch property located in northwestern British Columbia, where two additional exploration targets have been identified as high-priority.

Homestake Ridge Agreement Amended by Homestake and Agnico Eagle

Gold – Homestake Resource Corporation (TSXV:HSR) and Agnico Eagle Mines Limited amended the option agreement for exploration and development of the Homestake Ridge property in northwestern British Columbia. The amendment reduces 2013 and 2014 expenditures by $3.0 million and adds an extra year to the initial option period, in which 2015 will have a required expenditure of $3.0 million.

Homestake Resource Reports Bonanza-grade Silver at Homestake Ridge

Gold – Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) reported that optionee Agnico Eagle Mines Limited provided results from the 2013 exploration program on the Homestake Ridge project. Highlights include a bonanza-grade silver intercept in drilling southeast of the Homestake Silver Deposit, appearing to be the edge of a new mineral deposit.

Homestake Resource Corporation Announces Property Acquisition and Financing

Gold – Homestake Resource Corporation (TSXV:HSR,FWB:B6I) entered into an option agreement with private optionors to acquire a 100% interest in the FH property. The Company also entered into a share exchange agreement with Global Resources Investments Ltd., an arm's length party to Homestake, who will re-register as a public company and be constituted as an investment trust with the name Global Resources Investment Trust Plc (GRIT). Pursuant to the share exchange agreement, GRIT will issue and deliver 347,329 shares to the Company at a price of £1.00 per share in exchange for the issuance of 8,000,000 units of Homestake at a deemed price of £0.0434 per unit.