Kerr mines stock

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Kerr Mines Announces Name Change to Arizona Gold Corp. (TSX: AZG) and Announces Results of 2020 Annual Meeting

TORONTO, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTCQB: KERMF), announces that it has completed a corporate name change to Arizona Gold Corp. (“Arizona Gold” or the “Company”) which more appropriately reflects the Company’s focus with the restart of production at its 100 per cent owned Copperstone gold project located in Arizona.

Giulio T. Bonifacio, Chief Executive Officer stated: “The company believes the new name provides a fresh perspective as we now enter the next and most exciting value add phase at Copperstone. We recently concluded a project funding transaction that will allow Arizona Gold to move forward with detailed engineering and the restart of production. In addition, we are in the midst of our resource expansion drilling program with more than 6,000 meters (29 drill holes) completed with assay results pending. At the conclusion of the current drill program of up to 10,000 meters we will provide an updated mineral resource estimate in Q2-2021 that will include approximately 15,000 meters from both our 2019 and current drill programs. We fully expect that 2021 will prove an exciting year for all stakeholders with what will prove to be a most rewarding chapter for Copperstone and Arizona Gold Corp.”

The Company’s shares are expected to commence trading on the Toronto Stock Exchange under the new name, ticker symbol and new CUSIP and ISIN number, on or about December 29, 2020. A new website for the Company will be launched on December 29, 2020, with visitors to www.kerrmines.com after such date being automatically re-directed to www.arizona-gold.com. The company expects to begin trading under its new name on the OTCQB at or about the same time and under a new ticker symbol by early January 2021, until which time the company will continue to trade under the current OTCQB symbol (KERMF).

Results of 2020 Annual Meeting

The Company is also pleased to announce that shareholders voted in favour of all resolutions presented in its management information circular at the annual meeting (the “Meeting”) held on December 22, 2020. A total of 146,510,268 common shares were voted at the Meeting, representing 42.34% of the votes attached to all outstanding common shares and voting results are as follows:

Election of DirectorsOutcomeVotes ForVotes
Withheld
Fahad Al TamimiCarried146,117,919
99.957%
62,822
0.043%
Giulio BonifacioCarried145,931,477
99.829%
249,264
0.171%
Claudio CiavarellaCarried146,118,294
99.957%
62,447
0.043%
Martin KostuikCarried146,121,477
99.959%
59,264
0.041%
Peter DamouniCarried145,930,778
99.829%
249,963
0.171%
Ayman ArekatCarried146,127,011
99.963%
53,730
0.037%
James McVicarCarried146,121,311
99.959%
59,430
0.041%
Appointment of AuditorsCarried146,441,502
99.953%
68,766
0.047%
Warrant Extension Approval(1)Carried109,007,155
95.213%
5,480,505
4.787%

(1)   Approved by Disinterested Shareholder Vote

About Kerr Mines Inc.

Kerr Mines is an emerging American gold producer advancing the restart of production at its 100-per-cent-owned, fully permitted, past-producing Copperstone mine project, located in mining-friendly Arizona. The Copperstone mine project demonstrates significant upside exploration potential that has yet to be drilled within a 50 square-kilometre (12,258 acres) land package that includes past production of over 500,000 ounces of gold by way of an open-pit operation.

The company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and further optimizing the mine's economics for purposes of the restart of gold production in 2021 as a result of the recent project funding transaction entered into with Star Royalties Ltd.

For further information please visit the Kerr Mines website (www.kerrmines.com).

For further information contact:

Giulio Bonifacio, Chief Executive Officer
[email protected]
Martin Kostuik, President
[email protected]

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements, including current expectations on the timing of the commencement of production and the rate of production, if commenced. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines’ business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release and no stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.


Sours: https://www.globenewswire.com/en/news-release/2020/12/23/2149935/0/en/Kerr-Mines-Announces-Name-Change-to-Arizona-Gold-Corp-TSX-AZG-and-Announces-Results-of-2020-Annual-Meeting.html

Toronto, ON – August 5, 2014 – Further to its press release of July 25, 2014, announcing the consolidation of its common shares, Kerr Mines Inc. (TSX: KER) (“Kerr“) would like to clarify that its listed warrants (the “Warrants“) to purchase common shares of Kerr (each a “Kerr Share“) began trading on the Toronto Stock Exchange under the new CUSIP 492405147 effective August 1, 2014. As a result of the consolidation, warrant holders will be able to acquire one (1) Kerr Share in exchange for every fifteen (15) Warrants at an exercise price of $5.25 per Kerr Share at any time until October 31, 2014. The adjustment to the exercise price of the Warrants reflects the terms of the Kerr warrant indenture.

For further information contact:

Greg Gibson
President and CEO
Kerr Mines Inc.
Email: [email protected]

This news release contains forward-looking statements, including current expectations on the timing of the commencement of production and the rate of production, if commenced. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines’ business are more fully discussed in the company’s disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Sours: https://www.arizona-gold.com/kerr-mines-listed-warrants-trading-on-a-consolidated-basis/
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Kerr Mines Inc(KER-T) Rating

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Kerr Mines Inc(KER-T) Frequently Asked Questions

What is Kerr Mines Inc stock symbol?

Kerr Mines Inc is a Canadian stock, trading under the symbol KER-T on the Toronto Stock Exchange (KER-CT). It is usually referred to as TSX:KER or KER-T

Is Kerr Mines Inc a buy or a sell?

In the last year, there was no coverage of Kerr Mines Inc published on Stockchase.

Is Kerr Mines Inc a good investment or a top pick?

Kerr Mines Inc was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Kerr Mines Inc.

Why is Kerr Mines Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Kerr Mines Inc worth watching?

In the last year, there was no coverage of Kerr Mines Inc published on Stockchase.

What is Kerr Mines Inc stock price?

On 2020-12-24, Kerr Mines Inc (KER-T) stock closed at a price of $0.125.

Sours: https://stockchase.com/company/view/3693/KER-T
Gold And Commodities: This is why Mining Stocks Are Undervalued!

Toronto, Ontario – July 25, 2014 – Kerr Mines Inc. (“Kerr Mines” or the “Company”) (TSX: KER), announces that it has filed articles of amendment giving effect to the consolidation (the“Consolidation”) of its issued and outstanding common shares (“Common Shares”), on a one (1) for fifteen (15) basis. The Consolidation was approved by shareholders at the annual and special meeting held on December 19, 2013. Subject to final confirmation by the Toronto Stock Exchange (the “TSX”), it is expected that the post-Consolidation Common Shares and the post-Consolidation listed warrants of the Company (the “Listed Warrants”) will begin trading on the TSX on or about July 30, 2014.

The Consolidation will reduce the number of outstanding Common Shares from 1,323,580,852 to approximately 88,238,723. Proportionate adjustments will be made to the Company’s outstanding warrants, including the Listed Warrants and stock options. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional shares that would have otherwise been issued have been rounded down to the nearest whole number.

Letters of transmittal with respect to the Consolidation are being mailed to the Company’s registered shareholders. All registered shareholders will be required to send their share certificates representing pre-Consolidation Common Shares, along with a properly executed letter of transmittal, to the Company’s registrar and transfer agent, Equity Financial Trust Company (“Equity”), in accordance with the instructions provided in the letter of transmittal. Once a completed letter of transmittal is submitted to Equity by shareholders, along with their respective certificates representing the pre-Consolidation Common Shares, such shareholders will receive their new post-Consolidation Common Share certificates. Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company should contact that nominee or intermediary for assistance in depositing their Common Shares in connection with the Consolidation.

For further information contact:

Greg Gibson
President and CEO
Kerr Mines Inc.
Email: [email protected]

This news release contains forward-looking statements, including current expectations on the timing of the commencement of production and the rate of production, if commenced. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines’ business are more fully discussed in the company’s disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Sours: https://www.arizona-gold.com/kerr-mines-consolidates-shares/

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