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News 2011

December 16, 2011, Britannica Acquires Clairmont Gold Inc.

December 16, 2011, Britannica Resources Corp. (BRR – TSX Venture) (the “Company” or “Britannica”) is pleased to announce it has completed the acquisition (the “Acquisition”) of privately held Clairmont Gold Inc. (“Clairmont”) previously announced on October 12, 2011.

Britannica issued an aggregate of 4,000,000 common shares, at the deemed price of $0.20 per common share, to the vendors of the Clairmont Gold Inc. shares (the “Vendors”), for a total consideration of $800,000.  The vendors are arm’s length parties of the Company.

All securities to be issued in conjunction with the Acquisition will be subject to a statutory hold (the “Hold Period”) ending 4 months and one day following the closing date.  Furthermore, the Vendors have voluntarily entered into a lock-up agreement, whereby the Vendors agree not to sell or otherwise dispose of their holdings, in accordance to a release schedule ending 13 months following the closing date.

About Clairmont Gold Inc

Clairmont Gold Inc. holds 100% of the Deltador Property, comprised of 146 mineral claims covering an area of 5,959 hectares approximately 30 km northeast of the city of Rouyn-Noranda, Quebec, in the La Pause, Clericy and Dufresnoy townships, subject to a 2% NSR.  The Deltador property is located in the eastern part of the Archean Abitibi Greenstone Belt in the southern Superior Province of the Canadian Shield.

About Britannica Resources Corp

Britannica is a well funded aggressive junior exploration company having recently completed a $2,125,000 financing (see news release 11-30-11). Britannica’s management team and consultants have a successful history of gold and mineral exploration, development and operational experience throughout the world, with particular emphasis on the Abitibi Gold Belt.

Britannica’s 100% owned Chassiggnole Eagle and Bluebird properties comprised with the  acquisition of the Deltador Properties creates a dominate land position covering the Manneville fault zone and the well-known Destor-Porcupine fault, a proven major gold-bearing structure in the Abitibi gold belt in north-western Quebec.

Britannica is currently planning an aggressive 2012 regional exploration program on the 100% owned Chassiggnole Eagle, Bluebird Properties and Deltador Properties. Exploration will be based on compilation from the Company’s previous exploration programs, including surface sampling that returned anomalous gold and copper values and historical Ministry of Natural Resources surveys that show overlapping magnetic and gravimetric anomalies along a roughly east-west-striking formation of chloritized andesites.

Eugene Gauthier, Ing (OIQ) acts as the qualified person of the company and has reviewed and approved the contents of the news release.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks

President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp.

(TEL)- (438) 288-3599, (FAX)-(514) 373-7047

Email: info@brrgold.com

Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

November 30, 2011, Britannica Closes Financing

November 30, 2011, Britannica Resources Corp. (“the Company”) (BRR – TSX Venture) is pleased to announce the closing of the $2,125,000 non-brokered private placement originally announced on October 12, 2011 (subsequently increased on November 14 and November 24, 2011).

The Company has issued 10,625,000 units (the “Units”) at a price of $0.20 per unit for gross proceeds of $2,125,000.  Each unit consists of one common share (the “Common Share”) and one common share purchase warrant (the “Warrant”).  Each Warrant will entitle the holder to purchase one additional Common Share in the capital of the Company at a price of $0.35, for a period of 24 months following the closing of the Offering (the “Closing”).

The Company has paid $121,000 cash in commissions for the private placement and has issued  542,000 compensation options, each entitling its holder to acquire one common share at $0.20 each, for a 24-month period after closing of the financing.

The securities issued above are subject to a restrictive hold period ending 4 months and one day following the closing date.

Proceeds from the financing will be used to fund general working capital requirements and to advance exploration on the Company’s Quebec Properties.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks

President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp.

(TEL)- (438) 288-3599, (FAX)-(514) 373-7047

Email: info@brrgold.com

Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

November 24, 2011, Britannica Increases Financing

November 24, 2011, Britannica Resources Corp. (“the Company”) (BRR – TSX Venture) is pleased to announce that it has increased the previously announced (see news release 10-12-11 and news release 10-17-11) non-brokered financing of $2,000,000 up to $2,125,000.

The Company has arranged for a non-brokered private placement of up to 10,625,000 units (the “Units”) priced at $0.20 per Unit, for maximum gross proceeds of $2,125,000 (the “Offering”).  Each unit will consist of one common (the “Common Share”) share and one common share purchase warrant (the “Warrant”).  Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company at a price of $0.35, for a period of 24 months following the closing of the Offering (the “Closing”). Proceeds from the Offering will be used to fund general working capital requirements and to advance exploration on the Company’s Properties.

All securities to be issued in conjunction with the Offering will be subject to a restrictive hold period ending 4 months and one day following the closing date. All other terms of the financing remain the same.

Closing of the financing is scheduled to occur on or before November 30, 2011 and is subject to acceptance by the TSX Venture Exchange.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks

President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp.

(TEL)- (438) 288-3599, (FAX)-(514) 373-7047

Email: info@brrgold.com

Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

November 17, 2011, Britannica Increases Financing

November 17, 2011, Britannica Resources Corp. (“the Company”) (BRR – TSX Venture) is pleased to announce that it has increased the previously announced (see news release 10-12-11) non-brokered financing of $1,500,000 up to $2,000,000.00.

The Company has arranged for a non-brokered private placement of up to 10,000,000 units (the “Units”) priced at $0.20 per Unit, for maximum gross proceeds of $2,000,000 (the “Offering”).  Each unit will consist of one common (the “Common Share”) share and one common share purchase warrant (the “Warrant”).  Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company at a price of $0.35, for a period of 24 months following the closing of the Offering (the “Closing”). Proceeds from the Offering will be used to fund general working capital requirements and to advance exploration on the Company’s Properties.

All securities to be issued in conjunction with the Offering will be subject to a restrictive hold period ending 4 months and one day following the closing date. All other terms of the financing remain the same.

Closing of the financing is scheduled to occur on or before November 30, 2011 and is subject to acceptance by the TSX Venture Exchange.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks

President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp.

(TEL)- (438) 288-3599, (FAX)-(514) 373-7047

Email: info@brrgold.com

Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

October 12, 2011, Britannica Arranges Financing And Signs LOI To Purchase Clairmont Gold Inc.

October 12, 2011, Britannica Resources Corp. (“the Company”) (BRR – TSX Venture) is pleased to announce that it has arranged a non-brokered financing of up to $1,500,000 and has signed a letter of intent (the “LOI”) to acquire all of the issued and outstanding common shares of privately held Clairmont Gold Inc.

The Company has arranged for a non-brokered private placement of up to 7,500,000 units (the “Units”) priced at $0.20 per Unit, for maximum gross proceeds of $1,500,000 (the “Offering”).  Each unit will consist of one common (the “Common Share”) share and one common share purchase warrant (the “Warrant”).  Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company at a price of $0.35, for a period of 24 months following the closing of the Offering (the “Closing”). Proceeds from the Offering will be used to fund general working capital requirements and to advance exploration on the Company’s Properties.

In connection with the Offering, the Company may pay a finder’s fee, in respect to certain subscribers, equal to 10% of the gross proceeds, and issue compensation options (the “Compensation Options”), entitling the holder to subscribe for such number of Units equal to 10% of the number of Units sold, at a price of $0.20 per Unit, for a period of 24 months following the Closing of the Offering.  All securities to be issued in conjunction with the Offering will be subject to a restrictive hold period ending 4 months and one day following the closing date.

Closing of the financing is scheduled to occur on or before November 15, 2011 and is subject to certain conditions, including acceptance of the terms of the financing by the TSX Venture Exchange.

Clairmont Gold Inc

Clairmont Gold Inc. holds 100% of the Deltador Property, comprised of 146 mineral claims covering an area of 5,959 hectares approximately 30 km northeast of the city of Rouyn-Noranda, Quebec, in the La Pause, Clericy and Dufresnoy townships, subject to a 2% NSR.  The Deltador property is located in the eastern part of the Archean Abitibi Greenstone Belt in the southern Superior Province of the Canadian Shield.

 

 

The Clairmont LOI provides that the Company will issue an aggregate of 4,000,000 common shares, at the deemed price of $0.20 per common share, to the vendors of the Clairmont Gold Inc. shares, for a total consideration of $800,000.  The vendors are non-arm’s length parties of the Company.

This transaction is subject to standard closing conditions including, a 45 day due diligence period and analysis by each of the parties, the parties completing a definitive agreement and obtaining all required approvals including TSX Venture Exchange approval.

Britannica’s 100% owned Chassiggnole Eagle and Bluebird properties comprised with the potential acquisition of the Deltador Properties would create a dominate land position covering the Manneville fault zone and the well-known Destor-Porcupine fault, a proven major gold-bearing structure in the Abitibi gold belt in north-western Quebec.

Britannica is planning an aggressive exploration program on the 100% owned Chassiggnole Eagle and Bluebird Properties. Exploration will be based on compilation from the Company’s previous exploration programs, including surface sampling that returned anomalous gold and copper values and historical Ministry of Natural Resources surveys that show overlapping magnetic and gravimetric anomalies along a roughly east-west-striking formation of chloritized andesites.

Britannica will also plan an initial regional exploration program on the Deltador Properties, upon the successful closing of the Clairmont transaction.

Eugene Gauthier, Ing (OIQ) acts as the qualified person of the company and has reviewed and approved the contents of the news release.

The above transactions will require the approval of all applicable regulatory authorities, including the acceptance of the TSX Venture Exchange.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks

President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp.

(TEL)- (438) 288-3599, (FAX)-(514) 373-7047

Email: info@brrgold.com

Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

October 5, 2011, Britannica completes Share Consolidation

October 5, 2011, Britannica Resources Corp. (“the Company”; BRR – TSX Venture) reports that Management is proceeding with the 10:1 share consolidation approved by the shareholders at the Company’s Annual and Special Meeting held on Friday, July 22, 2011.  Management expects the share consolidation will take effect on or about October 5, 2011.  Currently, there are 45,081,203 common shares issued and outstanding fully paid and non-assessable without par value. Subsequent to the consolidation, the Company will have approximately 4,508,120 common shares outstanding.  As set out in the Business Corporations Act (British Columbia) if any fractional shares are to be converted into whole common shares, each fractional common share remaining after conversion that is less than one-half of a common share must be cancelled and each fractional common share that is at least one-half of a common share must be changed to a whole common share.

The Company obtained regulatory approval of the TSX Venture Exchange on October 4, 2011.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks

President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp.

(TEL)- (438) 288-3599, (FAX)-(514) 373-7047

Email: info@brrgold.com

Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

September 21, 2011, Britannica reaches agreement for the McKenzie Break Property

September 21, 2011, Britannica Resources Corp. (the “Company”:  BRR – TSX Venture Exchange) is pleased to announce that it has reached an agreement with Ernst & Young Inc., Northern Star Mining Corp.’s (“NSM”) appointed receiver, to settle the Company’s debt owed to NSM pursuant to the joint venture agreement, entered into February 19, 2009 and covering the McKenzie Break property (the “Property”).  NSM filed a proposal under the Bankruptcy and Insolvency Act in January of 2011.

The settlement reached provides that the Company will give, in lieu of the repayment of the $3,034,634 amount owed to NSM, its 40% interest in the Property.  As at December 31, 2010, NSM had incurred $6,752,195 in exploration costs. As a result, the Company had a debt payable of $3,034,634 to NSM, representing its proportionate share (40%) of the exploration costs. The Property comprises 10 claims located in the Townships of Fiedmont and Courville, in the Province of Quebec.

Management is pleased with the settlement and will now focus on the development of its other 100% owned properties. The Chassiggnole Eagle and Bluebird properties are comprised of 57 claims located in the Townships of Bousquet and LaPause along the Destor-Porcupine Fault within the Abitibi gold belt, in the Province of Quebec. The Company will continue to seek to add other properties to its mineral assets.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks

President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp.

(TEL)- (438) 288-3599, (FAX)-(514) 373-7047

Email: info@brrgold.com

Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

July 25, 2011, All Resolutions Passed At the Annual General Meeting

Britannica Resources Corp. (“the Company”; BRR – TSX Venture) is pleased to announce that all resolutions tabled at the Company’s Annual and Special Meeting on Friday, July 22, 2011 were approved by the shareholders.

The Company’s newly elected board of directors and management team consists of Mr. Jeffrey Cocks, President and Director, Mr. Robert Birmingham, B.B.A., Corporate Secretary and Director, Mr. Eugene Gauthier, P.Eng, Director and Mr. Michael Dake, Director.

The Company would also like to thank past director Ms Benita Silas for her past efforts on behalf of the Company.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks

President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp.

(TEL)- (438) 288-3599, (FAX)-(514) 373-7047

Email: info@brrgold.com

Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

June 30, 2011, BRITANNICA’S ANNUAL & SPECIAL MEETING SCHEDULED FOR JULY 22, 2011

Britannica Resources Corp. (“the Company”; BRR – TSX Venture) will be holding an  Annual and Special Meeting of its shareholders at 10:30 a.m. (Vancouver time) on Friday, July 22, 2011, at Suite 1780-355 Burrard St. in Vancouver B.C.. The Company’s Notice of Annual and Special Meeting, the accompanying Management Information Circular, the Form of proxy and Voting instruction form were mailed to the Company’s shareholders on June 29, 2011. The Meeting materials have also been filed and are available for viewing on SEDAR.

In addition to the regular business matters to be attended, the shareholders will be asked to consider a special resolution relating to the consolidation of the Company’s common shares.  It is the opinion of Management that further equity financing will be required for the Company to meet its working capital requirements and to fund further exploration work and acquisitions. Therefore, Management believes that a 10:1 consolidation may be required, whereby every 10 common shares held in the Company will be consolidated into 1 post-consolidated common share (the “Consolidation”).  As at June 22, 2011, there are 45,081,203 common shares issued and outstanding fully paid and non-assessable without par value. Subsequent to the consolidation, the Company will have approximately 4,508,120 common shares outstanding.

As set out in the Business Corporations Act (British Columbia) if any fractional shares are to be converted into whole common shares, each fractional common share remaining after conversion that is less than one-half of a common share must be cancelled and each fractional common share that is at least one-half of a common share must be changed to a whole common share.

In addition to the required shareholder approval being sought at the Meeting the Consolidation will require the approval of all applicable regulatory authorities, including the TSX Venture Exchange.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks

President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp.

(TEL)- (438) 288-3599, (FAX)-(514) 373-7047

Email: info@brrgold.com

Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.