Entries by PAL-V

Robert Sibthorpe Wins Prestigious Award for His Work in Burkina Faso

Vancouver, British Columbia, December 11, 2017 – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) congratulates Bob Sibthorpe, VP, Exploration, on receiving the prestigious Colin Spence Award for excellence in global mineral exploration from the Association for Mineral Exploration British Columbia (“AME BC”). AME BC’s Colin Spence award recognizes individuals who have made a significant contribution to […]

Parallel Mining Commences Drilling on Sebe Property

Vancouver, British Columbia, November 3, 2017 – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) announces the commencement of drilling on the Company’s optioned Sebe property in Burkina Faso. The Company has contracted Falcon Drilling Burkina Faso, S.A.R.L. to conduct approximately 1000 meters (“m”) of diamond drilling intended to test the strike and dip […]

Parallel Mining Drills 20.2 GPT Gold, Extends Strike at Sebe

Vancouver, British Columbia, June 15, 2017 – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) announces that drilling designed to follow up on the recently reported intercept of 10.2 grams per tonne (“gpt”) gold over 4.5 meters (“m”) (see news release dated May 24, 2017) at the optioned Sebe exploration permit has returned an […]

Parallel Mining Commences Drilling on Sebe Property

Vancouver, British Columbia, June 15, 2017 – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) announces the commencement of drilling on the Company’s optioned Sebe property in Burkina Faso. The Company has contracted Falcon Drilling Burkina Faso, S.A.R.L. to conduct a diamond drilling program intended to follow up on the previously announced intercepts of […]

Parallel Mining Discovers 10.2 GPT Gold Over 4.5 Meters on Recently Acquired Sebe Property in Burkina Faso

Vancouver, BC, May 24, 2017 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL)  announces that drilling on its recently optioned Sebe property in Burkina Faso reported an intercept in a new zone of 10.2 grams per tonne (“gpt”) gold over 4.5 meters from 31.5 to 36.0 meters in diamond drill hole SEB-DD-17-04 (including 24.9 gpt over 1.5m from […]

Parallel Mining Acquires Sebedougou Exploration Property in Burkina Faso

Vancouver, BC, April 6, 2017 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) is pleased to announce that the Company has entered into an option agreement (“Option Agreement”) to acquire a 100% interest in the 82-square kilometre Sebedougou Property (“Sebe”) in Burkina Faso. The Sebe Property is located between Endeavour Mining’s Hounde Project and Acacia Mining’s South […]

Parallel Mining Announces Closing of Non-Brokered Private Placement

Vancouver, BC, April 4, 2017 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) is pleased to announce that the Company has completed a non-brokered private placement of 340,000 units at a price of $0.10 per unit for gross proceeds of $34,000.  Each unit consists of one common share and one-half of one common share purchase warrant, […]

Parallel Mining Corp. Announces Closing of Final Tranche of Private Placement

Vancouver, BC, March 6, 2017 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) is pleased to announce that the Company has completed the final tranche of the previously announced non-brokered private placement (see news releases dated February 9, 2017 and February 27, 2017) issuing an additional 2,500,000 of units at a price of $0.10 per unit […]

Parallel Mining Corp. Closing of First Tranche of Private Placement

Vancouver, BC, February 27, 2017 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) is pleased to announce that the Company has completed the first tranche of the previously announced non-brokered private placement (see news release dated Feb 9, 2017) of a total of 13,025,000 units at price of $0.10 per unit, raising gross proceeds of $1,302,500. […]

Parallel Mining Corp. Announces Private Placement

Vancouver, BC, February 9, 2017 – Parallel Mining Corp. (TSX‑V: PAL) (the “Company” or “Parallel”) announces a non-brokered private placement of up to 15,000,000 units (the “Units”) at a price of $0.10 per Unit for gross proceeds of $1,500,000 (the “Offering”). Each Unit will consist of one common share (“Common Share”) in the capital of […]

Parallel Mining Corp. Announces Passing of Director Len Davies

Vancouver, BC, November 25, 2016 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) announces with great sadness that Mr. Len Davies, a Non-Executive Director of the Company, has passed away. Mr. Davies joined Parallel’s Board in October 2011 as an independent director. Mr. Davies’ contributions to the Company were greatly valued by the Board. The […]

Parallel Mining Announces Closing of Private Placement

Vancouver, BC, July 21, 2016 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) is pleased to announce that the Company has completed a non-brokered private placement of a total of 3,475,000 units at price of $0.10 per unit, raising gross proceeds of $347,500. Each unit consists of one common share and one transferable common share […]

Parallel Mining Announces Closing of Final Tranche of Private Placement

Vancouver, BC, June 13, 2016 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) is pleased to announce that the Company has completed the third and final tranche of a non-brokered private placement issuing an additional 1,100,000 units at price of $0.05 per unit, for gross proceeds of $55,000. Each unit consists of one common share […]

Parallel Mining Announces Second Tranche Closing of Private Placement

Vancouver, BC, June 6, 2016 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) is pleased to announce that the Company has completed the second tranche of a non-brokered private placement of a total of 12,610,000 units at price of $0.05 per unit, raising gross proceeds of $630,500. Each unit consists of one common share and […]

Parallel Mining Announces Non-Brokered Private Placement

Vancouver, BC, June 3, 2016 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) is pleased to announce that the Company proposes to raise up to $300,000 through a non-brokered private placement of up to 3,000,000 units at price of $0.10 per unit. Each unit will consist of one common share and one transferable common share […]

Parallel Mining Announces Second Tranche of Private Placement

Vancouver, BC, May 3, 2016 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) announces that, further to its news releases of March 11 and 18, 2016 and April 7, 2016, it is proceeding with a second tranche of the previously announced proposed private placement of up to 8,000,000 units. The units are being offered at […]

Parallel Mining Announces Change to Acquisition Terms

Vancouver, BC, April 29, 2016 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) has amended the previously announced agreement to acquire 0909189 B.C. Ltd. (“0909189”) and its property option rights in Burkina Faso (see the Company’s new release dated April 28, 2015). As amended, the Company will issue 7,590,000 common shares in exchange for all of […]

Parallel Mining Announces Second Tranche of Private Placement

Vancouver, BC, April 7, 2016 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) announces that, further to its news releases of March 11 and 18, 2016, it is proceeding with a second tranche of the previously announced proposed private placement of up to 8,000,000 units. The units are being offered at a price of $0.05 […]

Parallel Mining Corp. Announces Private Placement

Vancouver, BC, November 23, 2015 – Parallel Mining Corp. (TSX-V: PAL) (the “Company”) announces a non-brokered private placement of 10,000,000 units (the “Units”) at a price of $0.05 per Unit (the “Offering”). Each Unit will consist of one common share (“Common Share”) in the capital of the Company and one transferable Common Share purchase warrant […]