Mason Resources Inc.
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- mining
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Latest Stories
Mason Resources Strengthens Leadership with the Appointment of Accomplished Chief Financial Officer
Toronto, Ontario–(Newsfile Corp. – March 26, 2025) – Mason Resources Inc. (TSXV: LLG) (OTCQB: MGPHF) (“Mason“) is pleased to announce the appointment of Mr. Gregory Duras, B.Admin., CPA, as Chief Financial Officer (“CFO“), effective March 26, 2025. Mr. Duras is a seasoned financial executive with over 30 years of leadership experience in senior financial management roles. He has led numerous large-scale corporate transactions and financings and served as CFO for several TSX and TSX-V listed companies. Throughout his career, Mr. Duras has played a key role in corporate strategy, mergers and acquisitions, debt and capital markets, operations, financial reporting, and human resources. He also brings a strong track record of successfully negotiating and closing a wide range of debt and equity financings, while building lasting relationships with international financial institutions. Mr. Fahad Al-Tamimi, Chairman of Mason, commented: “Gregory brings over 30 years of experience to the Company with particular expertise corporately and in strategic planning and asset evaluation. As Mason continues to focus on making new investments and realising gains on existing investments, we are now setting our sights on new opportunities where we can apply our business strategy. Gregory’s unique perspectives and skills will be instrumental to the success […]
Mason Highlights Black Swan Graphene’s Successful Closing of a $6M Financing
Toronto, Ontario–(Newsfile Corp. – February 12, 2025) – Mason Resources Inc. (TSXV: LLG) (OTCQB: MGPHF) (“Mason“) is pleased to announce the successful closing of Black Swan Graphene’s $6M financing, (TSXV: SWAN) (OTCQB: BSWGF) (FSE: R96) (“Black Swan” or the “Company“), further to its news release dated February 5, 2025 and following Black Swan’s 8:1 share consolidation effective February 10, 2025, it has closed its non-brokered private placement of units (each, a “Unit“) of the Company at a price of $0.50 per Unit for gross aggregate proceeds of $6,000,000 (the “Offering“). Each Unit is comprised of one common share (each, a “Share“) in the capital of the Company and one-half of one transferable share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder thereof to acquire one additional Share (each, a “Warrant Share“) at a price of $1.00 per Warrant Share for a period of eighteen (18) months following the date of closing of the Offering (the “Closing“), expiring August 11, 2026. Capacity Expansion and Corporate Positioning Simon Marcotte, President and Chief Executive Officer, commented: “I am very pleased to welcome an extremely strong group of international investors as well as to thank our existing investors for their support in this financing. […]
Mason Resources Announces Closing of Private Placement
Toronto, Ontario–(Newsfile Corp. – January 13, 2025) – Mason Resources Inc. (TSXV: LLG) (OTCQX: MGPHF) (“Mason” or the “Company“) is pleased to announce that it has closed its previously announced non-brokered private placement financing of units of the Company (the “Offering“) (see news release dated January 9, 2025), pursuant to which the Company issued 28,000,000 units of the Company (each a “Unit” and collectively, the “Units“) at a price of $0.05 per Unit for gross proceeds of $1,400,000 (all dollar figures are denominated in Canadian dollars). Each Unit consists of one common share of the Company (each, a “Common Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant entitles the holder to acquire one additional Common Share at an exercise price of $0.075 until January 13, 2028. The Company is pleased to confirm that Mr. Fahad Al Tamimi, Chairman of the Board of Directors, subscribed to 6,980,000 Units under the Offering which has resulted in an increase in his ownership stake to approximately 19.2% on a partially diluted basis. The net proceeds of the Offering shall be used for general corporate and working capital purposes. The securities issued are subject to a regulatory hold period that expires […]
Mason Resources Announces Fully Subscribed Private Placement Financing with Strong Insider Participation
Toronto, Ontario–(Newsfile Corp. – January 9, 2025) – Mason Resources Inc. (TSXV: LLG) (OTCQX: MGPHF) (“Mason” or the “Company“) is pleased to announce a fully-subscribed non-brokered private placement for gross proceeds of $1.4 million (the “Offering“). The Company is also pleased to confirm that Mr. Fahad Al Tamimi, Chairman of the Board of Directors, intends to participate in the Offering, which will result in an increase in his ownership stake to approximately 19.2% on a partially diluted basis. The net proceeds of this Offering shall be used for general corporate and working capital purposes. The Offering will consist of a minimum of 28,000,000 units at a price of $0.05 per unit. Each unit will consist of one common share and one common share purchase warrant (a “Warrant“). Each Warrant will entitle the holder thereof to purchase one additional common share at an exercise price of $0.075 for a period of three years from the Closing Date (as defined herein). Prior to the Offering, Mr. Al Tamimi holds 19,916,837 shares, representing 14.1% of Mason’s total issued and outstanding shares. Upon closing, Mr. Al Tamimi is expected to hold 26,896,837 shares, representing 15.89% of the total issued and outstanding shares, along with […]
Mason Resources Inc. Announces AGM Results
Toronto, Ontario–(Newsfile Corp. – December 19, 2024) – Mason Resources Inc. (TSXV: LLG) (OTCQB: MGPHF) (“Mason“) (“Mason” or the “Company”), reports, in accordance with the policies of the TSX Venture Exchange, that the nominees listed in the Management Information Circular dated October 30, 2024 for the Annual General and Special Meeting of Shareholders of the Company (the “Meeting”) were elected as directors of the Company. Over 50% of all of the issued and outstanding shares of the Company were represented at the Meeting. The Company elected seven directors to its board, namely, Peter Damouni, Fahad Al-Tamimi, Tayfun Eldem, Nav Dhaliwal, Francois Perron, Roy McDowall and Adree Delazzer. Shareholders at the meeting also approved the appointment of McGovern Hurley LLP as the Company’s auditors and reapproved the Company’s Stock Option Plan pursuant to which the Company may issue stock options to eligible participants, subject to the receipt of all required regulatory approvals, including approval of the TSXV. Mason’s board would like to express its gratitude to its shareholders for their continued support. For more information: Mason Resources Inc. on behalf of the Board of DirectorsPeter Damouni, President & Chief Executive Officer For more information please contact: Paul Hardy, Vice President – […]
