August 14, 2017BWR Exploration is pleased to provide an exploration update on its Little Stull Lake Gold Project, located in Northeastern Manitoba. BWR previously announced (July 27, 2017) the issuance of two Mineral Exploration Licenses to Puma that cover 388 square kilometers of favorable exploration land that essentially ties up most of the Manitoba portion of the Wolf Bay Shear Zone.
The two Puma MEL’s have now been officially transferred to BWR, and pursuant to the agreement with Puma; upon notification of the transfer of the MEL’s to BWR by Manitoba Ministry of Growth, Enterprise and Trade (“Manitoba MGET”), BWR must make a $50,000 payment to Puma for each MEL within 30 days.
BWR is pleased to announce that it has now made these two payments to Puma totaling $100,000 as contemplated in the October 5, 2016 agreement.
Jul 27, 2017BWR Exploration is pleased to provide an update on its Little Stull Lake Gold Project, located in Northeastern Manitoba. BWR acquired the project from Puma Exploration Inc., announced in December 2016 and has been invited to work with the Manitoba Ministry of Growth Enterprise and Trade (“MGET”) in order to proceed with the issuance of two Mineral Exploration Licenses (“MEL”) that Puma had previously applied for. After a period of Council and Community consultation between BWR, the Ministry and two First Nation Communities, the Ministry issued the two MEL’S to Puma on June 27, 2017, valid for three years, the portions of the MEL’s that remain in good standing are renewable for another 3 years.
Feb 15, 2017 BWR Exploration Inc. is pleased to announce that it has initiated a non-brokered non flow-through and flow-through private placement unit offering for aggregate proceeds of up to $740,000, consisting of up to 4 million (“Units”) at CDN $0.05 per Unit for proceeds of up to CDN $200,000 along with 9 million flow-though Units (“FT Units”) at Cdn $0.06 per FT Unit for gross proceeds of $540,000.
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