Sunday, August 5, 2018

Sokoman Iron Corp. - SIC.v

Sokoman Iron Corp. - SIC.v is a Newfoundland and Labrador based junior mineral exploration company focused on exploration for world class mineral deposits in Newfoundland and Labrador, Canada. The Moosehead project is the flagship.
On July 30, 2018 the company released News

Sokoman Iron Corp. intends to complete a non-brokered private placement consisting of 20 million units at a price of 15 cents per unit for gross proceeds of up to $3-million, subject to approval of the TSX Venture Exchange. Each unit will consist of one common share and one common share purchase warrant. Each warrant is exercisable into one common share at a price of 25 cents per share for a period of two years from closing. There are three placees: Eric Sprott will subscribe for 13.35 million units, Palisade Global will subscribe for 4.1 million units, and Venture Ad Network will subscribe for 2.6 million units.
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On July 30, 2018 the company released News

Sokoman Iron Corp. today announced that it has received assay results from drilling recently completed at the Moosehead Gold Project in Central Newfoundland. The Company has completed a total of 1970.5 m in 15 holes as proposed in its Phase I program. Assay results have been received for the first three holes and the results confirm that the Company has made a high-grade discovery in an area with little previous drilling. The Company’s first hole, MH-18-01, intersected a mineralized zone that has returned the following summarized assays: from 109.00 m – 120.90 m (11.90 m @ 44.96 g/t Au).