Latest news with #PatrickSheridan
Yahoo
11-06-2025
- Business
- Yahoo
S2 Announces Closing of Private Placement Financing
Toronto, Ontario--(Newsfile Corp. - June 11, 2025) - S2 Minerals Inc. (CSE: STWO) ("S2" or the "Company") announces that it has closed the previously-announced non-brokered private placement (the "Offering"). In connection with the closing of the Offering (the "Closing"), the Company sold 4,966,666 units of the Company (the "Units") at a price of $0.12 per Unit, for gross proceeds of $596,000. Each Unit consisted of one common share ("Share") of the Company and one common share purchase warrant ("Warrant"). Each Warrant entitles the holder, on exercise, to purchase one Share until June 11, 2028, at an exercise price of $0.20 per Share. The proceeds from the Offering will be used for working capital and general corporate purposes. The securities issued pursuant to the Offering will be subject to a four-month hold period. Insiders of the Company subscribed for Units pursuant to the Offering. Participation by such insiders in the Offering was considered a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company was exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with such insiders' participation in the Offering in reliance on Sections 5.5(b) and 5.7(1)(a) of MI 61-101. A material change report in connection with the Offering will be filed less than 21 days in advance of Closing, which the Company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Early Warning Disclosure On June 11, 2025, in connection with the Closing, S2's Executive Chairman, Patrick Sheridan, entered into a subscription agreement pursuant to which he purchased 3,500,000 Units for an aggregate subscription price of $420,000. Prior to the Closing, Mr. Sheridan had ownership and control (together with joint actors) over an aggregate of 7,848,710 Shares (which represented approximately 41.4% of the then issued and outstanding Shares). Following the Closing, Mr. Sheridan has ownership and control (together with joint actors) over an aggregate of 11,348,710 Shares (which represents approximately 47.4% of the issued and outstanding Shares) and 3,500,000 Warrants entitling him to acquire an additional 3,500,000 Shares (which represents approximately 54.1% of the Shares on a partially diluted basis). The Shares and Warrants comprising the Units were acquired by Mr. Sheridan for investment purposes. Depending on various factors including, without limitation, the Company's financial position, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Company's business or financial condition and other factors and conditions he deems appropriate, Mr. Sheridan may increase or decrease his beneficial ownership of Shares or other securities of the Company whether in the open market, by privately negotiated agreement or otherwise. The Company is located at 141 Adelaide Street West, Suite 1101, Toronto, Ontario, M5H 3L5. A copy of the Early Warning Report for Mr. Sheridan can be obtained by calling S2's office (416.628.5904) or c/o 141 Adelaide Street West, Suite 1101, Toronto, Ontario, M5H 3L5 or on the Company's SEDAR+ profile at About S2 Minerals Inc. S2 Minerals Inc. is a Canadian mineral exploration company focused on exploring mineral properties in Northwest Ontario, including the Sandy Lake project. The Sandy Lake project comprises approximately 167,000 acres of contiguous mineral claims in the Sandy Lake Archean Greenstone Belt, located approximately 140 miles north of Red Lake, Ontario. S2 beneficially holds a 100% interest in the mineral rights to approximately 137,000 acres, and holds a 50.1% interest in the approximately 15,000 acres of the "Weebigee Joint Venture" claims and a 50% interest in a further 15,000 acres of the Southern Block claims in joint ventures with Goldeye Explorations Limited, now part of NexGold Mining Corp. The Sandy Lake project is held within the traditional territories of Sandy Lake First Nation and Keewaywin First Nation. S2 also holds additional mineral claims which are located within Eabametoong First Nation traditional lands. It is expected that over time, S2 may add new Canadian-focused exploration stage projects to its portfolio. For further information please contact: Dan Noone CEO +1.416.628.5904 Email: info@ Forward-Looking Statements This news release contains certain forward-looking statements, including, but not limited to, statements about the Offering, including the expected use of proceeds. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit
Irish Times
13-05-2025
- Irish Times
Man remanded in custody after indicating he would plead guilty to dangerous driving causing death of young mother
A man was remanded in continuing custody on Tuesday after indicating he was willing to plead guilty to a charge of dangerous driving causing the death of a young mother last year. The accused, Danny O'Donoghue (42), Lower Main Street, Rathkeale, appeared before Limerick District Court on Tuesday. Mr O'Donoghue is accused of dangerous driving causing the death of 21-year old Marguerita O'Rourke, née Sheridan, of Roches Row, Rathkeale, on December 21st, 2024, and with causing criminal damage to a set of gates at the same location on the same date. The court heard that Mr O'Donoghue is also charged with threatening to kill or cause serious harm to a Patrick Sheridan; producing a machete during the course of making the alleged threat to Mr Sheridan; and causing criminal damage to Mr Sheridan's van, all on the same date, in Rathkeale. READ MORE Marguerita O'Rourke had given birth to her first child four weeks prior to her death, which occurred after she sustained serious injuries at Bank Place, Rathkeale. Mr O'Donoghue's solicitor, Michael O'Donnell, told the court Mr O'Donoghue had previously indicated he was 'prepared to offer a signed plea to dangerous driving causing death, and that is still his position'. Mr O'Donnell said Mr O'Donoghue was 'awaiting a book of evidence' in respect of the other charges, indicating the accused was planning on contesting these charges. Mr O'Donoghue has not sought bail and has been held on remand in custody since his arrest last December. Prosecuting sergeant Denis Waters, Roxboro Road Garda station, applied for and was granted a four-week adjournment, by consent. Judge Áine Clancy also granted the State a time extension on the service of a book of evidence should one be required. The judge remanded Mr O'Donoghue in continuing custody to appear before Limerick District Court, via video link, for further directions in the case, on June 10th. Ms O'Rourke and her husband, Denis, celebrated the birth of their first child together, a son, last November.
Hamilton Spectator
28-04-2025
- Business
- Hamilton Spectator
G2 Continues to Expand New Surface Gold Discovery and Provides Exploration Update
TORONTO, April 28, 2025 (GLOBE NEWSWIRE) — G2 Goldfields Inc. ('G2' or the 'Company') (TSX: GTWO; OTCQX: GUYGF) provides further information on the Company's ongoing diamond drilling and exploration initiatives in the greater Oko-Aremu District, Guyana. G2 currently holds exploration rights to 83,967 acres in the district which includes the Oko-Ghanie deposits hosting 1.5 million ounces of gold averaging 3.40 g/t Au (Indicated) and 1.6 million ounces of gold averaging 2.48 g/t Au (Inferred). New Gold Discovery – Ongoing Diamond Drilling Diamond drilling continues to define and expand this exciting new surface discovery located 10 kilometres north of the Oko-Ghanie deposits. Drilling has now established a strike length of nearly 500m with the auriferous zone remaining open to the southwest and northeast. Significantly, almost all of the mineralized intercepts to date lie within near surface, heavily oxidized zones. Table 1 contains the latest assays. Notes to Table 1: Widths are drill indicated core length as insufficient drilling has been undertaken to determine true widths at this time. Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade intercepts. Hole AMD 13 (42m @ 1.4 g/t Au) successfully tested the down plunge continuity of previously reported hole AMD 8 (24m @ 2 g/t Au). Hole AMD 14 (41m @ 1.2 g/t Au) is a 50m step out to the northeast. Hole AMD 15, which returned 50.5m @ 1.1 g/t Au, helped to fill a 200m+ gap between AMD 8, 13, and previously reported AMD 12 (43.7m @ 1.9 g/t Au). G2 will be aggressively drilling both strike and down-plunge extensions of this new surface discovery. Figure 1 – New Gold Discovery Oblique View of Drilling Figure 2 – New Gold Discovery Long Section Looking Northwest Geological mapping and gold-in-soil sampling has identified several parallel shear structures north of the current area of drilling. First pass scout drilling of these prominent targets will begin in the coming weeks in tandem with drilling in the southern discovery area. Figure 3 – New Gold Discovery Soil Geochemistry and Geology Patrick Sheridan, Executive Chairman, stated 'This latest discovery is very important as it has the potential to significantly expand and enhance our existing multi-million ounce resource at OKO, located only 10 kilometres to the south. Additionally, the regional geochemical work continues to deliver other high priority targets which we will systematically drill in the coming weeks and months.' Peters Mine Drilling G2 has completed four diamond drill holes totalling 744 meters at the Peters Mine property. A further six holes are currently being planned and results from the initial drilling will be available shortly. QA/QC Drill core is logged and sampled in a secure core storage facility located on the OKO Project site, Guyana. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to MSALABS Guyana, in Georgetown, Guyana, which is an accredited mineral analysis laboratory, for analysis. Samples from sections of core with obvious gold mineralisation are analysed for total gold using an industry-standard 500g metallic screen fire assay (MSALABS method MSC 550). All other samples are analysed for gold using standard Fire Assay-AA with atomic absorption finish (MSALABS method; FAS-121). Samples returning over 10.0 g/t gold are analysed utilizing standard fire assay gravimetric methods (MSALABS method; FAS-425). Certified gold reference standards, blanks, and field duplicates are routinely inserted into the sample stream, as part of G2 Goldfields' quality control/quality assurance program (QAQC). No QA/QC issues were noted with the results reported herein. About G2 Goldfields Inc. G2 Goldfields finds and develops gold deposits in Guyana. The founders and principals of the Company have been directly responsible for the discovery of more than 10 million ounces of gold in the prolific and underexplored Guiana Shield. G2 continues this legacy of exploration excellence and success. In March 2025, G2 announced an Updated Mineral Resource Estimate ('MRE') for the Oko property in Guyana [see press release dated March 10, 2025]. Highlights of the Updated MRE include: Total combined open pit and underground Resource for the Oko Main Zone (OMZ): Total combined open pit and underground Resource for the Ghanie Zone: Total open pit Resource for the Oko NW Zone: The MRE was prepared by Micon International Limited with an effective date of March 1, 2025. Significantly, the updated mineral resources lie within an average depth of 665 metres of surface. The Oko district has been a prolific alluvial goldfield since its initial discovery in the 1870s, and modern exploration techniques continue to reveal the considerable potential of the district. All scientific and technical information in this news release has been reviewed and approved by Dan Noone (CEO of G2 Goldfields Inc.), a 'qualified person' within the meaning of National Instrument 43-101. Mr. Noone ( Geology, MBA) is a Fellow of the Australian Institute of Geoscientists. Additional information about the Company is available on SEDAR+ ( ) and the Company's website ( ). On behalf of the Board of G2 Goldfields Inc. 'Daniel Noone' CEO & Director For Further Information Jacqueline Wagenaar, VP Investor Relations Direct: +1.416.628.5904 Email: Forward-Looking Statements This news release contains certain forward-looking statements, including, but not limited to, statements about the gold discovery remaining open to the southwest and northeast, G2 will be aggressively drilling both strike and down-plunge extensions of this new surface discovery, first pass scout drilling of prominent targets will begin in the coming weeks in tandem with drilling in the southern discovery area, six holes at Peters Mine are currently being planned and results from the initial drilling will be available shortly. Wherever possible, words such as 'may', 'will', 'should', 'could', 'expect', 'plan', 'intend', 'schedule', 'anticipate', 'believe', 'estimate', 'predict' or 'potential' or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements, including the risk factors set out in the management information circular of the Company dated December 20, 2024. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Photos accompanying this announcement are available at:
