News Releases
Parallel Mining will publish the company’s latest news releases as we release them.
Contact Information
Parallel Mining Corp.
750 West Pender Street, Suite 804
Vancouver, BC Canada
V6C 2T7
T +1 604 682 2928
F +1 604 685 6905
Corporate Contact:
John Anderson
CEO & Director
T +1 604 218 7400
E janderson@parallelmining.com
Al Fabbro, Lead Director
T +1 604 351 8850
E afabbro@parallelmining.com
Branding and Design:
NextPhase Strategy Marketing Inc.
Parallel Mining Corp. Completes First Tranche of Private Placement for $770,000
/in News Releases /by PAL-VVancouver, British Columbia – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) is pleased to announce it has closed its previously announced non-brokered private placement. The Company issued an aggregate of 7,700,000 common shares of the Company at a price of $0.10 per share for gross proceeds of $770,000 (the “Offering”). In connection with the […]
Parallel Mining Corp. Announces Loan Agreement
/in News Releases /by PAL-VVancouver, British Columbia – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) announces that it has entered into a loan agreement with R Stuart Angus (the “Lender”), a non- arm’s length party, for the principal amount of $50,000 (the “Loan”). The Loan has a maturity date of April 24, 2020 and bears interest at a […]
Parallel Mining Corp. Announces Private Placement
/in News Releases /by PAL-VVancouver, British Columbia – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) announces a proposed non-brokered private placement of up to 7,500,000 common shares of the Company at a price of $0.10 per share for gross proceeds of up to $750,000 (the “Offering”). The Company intends to use the proceeds of the Offering for general working […]
Parallel Mining Corp. Announces Effective Date of Share Consolidation
/in News Releases /by PAL-VVancouver, British Columbia – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) announces that the TSX Venture Exchange has approved the previously announced consolidation of the outstanding share capital of the Company on the basis of fifteen (15) pre-consolidation common shares for one (1) new post-consolidation common share. The consolidation will be effective at the open […]
Parallel Mining Corp. Announces Proposed Share Consolidation
/in News Releases /by PAL-VVancouver, British Columbia – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) proposes to consolidate its issued and outstanding common shares on the basis of fifteen (15) preconsolidation common shares for one (1) new post-consolidation common share (the “Consolidation”). The Company currently has 66,702,737 common shares issued and outstanding. Upon the Consolidation becoming effective, the Company […]
Parallel Mining Conducting Due Diligence on Ethiopian Projects
/in News Releases /by PAL-VVancouver, British Columbia – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) announces that it is investigating mineral exploration opportunities in northern Ethiopia. The Company believes the greenstone belts of the Nubian Shield, which run through the region, have the geological potential to host mineral deposits similar to the Bisha Mine across the border in […]
Parallel Mining Receives Assays From Drilling at Mane II
/in News Releases /by PAL-VVancouver, British Columbia – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) announces that assay results have been received from the recent drilling program designed to test one of the areas of Mane II, the Company’s 163 square kilometer optioned concession in the Kaya-Goran greenstone belt in central Burkina Faso, approximately 20 kilometers south of […]
Parallel Mining Commences Drilling On the Mane II Property
/in News Releases /by PAL-VVancouver, British Columbia, January 14, 2018 – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) announces the commencement of drilling on the Company’s optioned Mane II property in Burkina Faso. The Company has contracted Forage Orbit Garant BF SAS to conduct approximately 750 meters of reverse circulation drilling intended to test the continuity of the veining systems […]
Parallel Mining Acquires Mane II Exploration Property in Burkina Faso
/in News Releases /by PAL-VVancouver, British Columbia, June 19, 2018 – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) is pleased to announce that the Company has entered into an option agreement (“Option Agreement”) to acquire a 100% interest in the 163-square kilometre Mane II Property (“Mane”) in Burkina Faso. The Mane property is located in the Kaya-Goren greenstone belt, […]
Robert Sibthorpe Wins Prestigious Award for His Work in Burkina Faso
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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 Completion of Transaction with 0909189 B.C. LTD.
/in News Releases /by PAL-VVancouver, BC, March 8, 2017 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) is pleased to announce the completion of the previously announced transaction with 0909189 B.C. LTD. (“0909 BC”) and the shareholders of 0909 BC. As a result of the transaction, the Company acquired 100% of 0909 BC, which in turn holds an option to […]
Parallel Mining Corp. Announces Closing of Final Tranche of Private Placement
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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 Announces Renewal Granted at Garsay Gold Project in Burkina Faso
/in News Releases /by PAL-VVancouver, BC, January 9, 2017 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) is pleased to announce that the mining licenses on the Garsay Gold Project in Burkina Faso have been renewed, and are now valid through August 13, 2019. The Company has entered into an agreement to acquire 0909189 B.C. Ltd. (“0909189”), a company […]
Parallel Mining Corp. Announces Passing of Director Len Davies
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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 Increase of Units in Second Tranche Private Placement
/in News Releases /by PAL-VVancouver, BC, May 16, 2016 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) announces that, further to its news releases of April 7, 2016, April 26, 2016, May 3, 2016 and May 12, 2016, it wishes to increase the previously announced private placement of units from 12,000,000 units at $0.05 to 16,000,000 units at $0.05 […]
Parallel Mining Announces Increase of Units in Second Tranche Private Placement
/in News Releases /by PAL-VVancouver, BC, May 12, 2016 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) announces that, further to its news releases of April 7, 2016, April 26, 2016 and May 3, 2016, it wishes to increase the previously announced private placement of units from 8,000,000 units at $0.05 to 12,000,000 units at $0.05 for total gross […]
Parallel Mining Announces Second Tranche of Private Placement
/in News Releases /by PAL-VVancouver, 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
/in News Releases /by PAL-VVancouver, 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 Extension to Complete Second Tranche Private Placement
/in News Releases /by PAL-VVancouver, BC, April 26, 2016 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) announces that, further to its news releases of March 11, 2016, March 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 […]
Parallel Mining Announces Second Tranche of Private Placement
/in News Releases /by PAL-VVancouver, 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 Announces First Tranche Closing of Non-Brokered Private Placement and Update on Acquisition
/in News Releases /by PAL-VVancouver, BC, March 18, 2016 – Parallel Mining Corp. (the “Company”) (TSX‑V: PAL) is pleased to announce that the Company has completed the first tranche of a non-brokered private placement of a total of 2,900,000 units at price of $0.05 per unit, raising gross proceeds of $145,000. Each unit consists of one common share and […]
Parallel Mining Announces Closing of Non-Brokered Private Placement and Acquisition Update
/in News Releases /by PAL-VVancouver, BC, February 16, 2016 – Parallel Mining Corp. (TSX-V: PAL) (the “Company”) is pleased to announce that the Company has completed a non-brokered private placement of a total of 1,800,000 units at price of $0.05 per unit, raising gross proceeds of $90,000. Each unit consists of one common share and one transferable common share […]
Parallel Mining Corp. Announces Private Placement
/in News Releases /by PAL-VVancouver, 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 […]
Parallel Mining Corp. To Acquire the Right to Earn Interest in Burkina Faso Gold Property
/in News Releases /by PAL-VVancouver, BC, April 28, 2015 – Parallel Mining Corp. (TSX-V: PAL) (the “Company”) is pleased to announce that it has entered into an agreement to acquire an option to earn a 100% interest in a 165.74 km2 exploration permit in a highly prospective greenstone gold belt located in Burkina Faso, West Africa. The Garsay permit […]
Parallel Mining Corp. Announces Proposed Share Consolidation
/in News Releases /by PAL-VVancouver, British Columbia – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) proposes to consolidate its issued and outstanding common shares on the basis of fifteen (15) pre-consolidation common shares for one (1) new post-consolidation common share (the “Consolidation”). The Company currently has 66,702,737 common shares issued and outstanding. Upon the Consolidation becoming effective, the […]