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Tag "panex-resources-inc"

Panex signs MOU to Acquire 55% Interest in Giro Goldfields and Announces Capital Raising 0

ZUG, SWITZERLAND — (Marketwired) — 10/22/13 — Panex Resources Inc. (the "Company," or "Panex") (OTCQB: DBGF), is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Amani Consulting SPRL currently in Joint Venture with state entity La Societe Miniere de Kilo Moto (Sokimo) to acquire a 55% interest in Giro Goldfields SPRL (Giro). Amani has a 65% interest and Sokimo has a 35% free carried interest in Giro which is comprised of two exploitation p

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Panex Announces Withdrawal from Acquisition and Cancellation of Intended Capital Raise 0

ZUG, SWITZERLAND — (Marketwired) — 04/10/13 — Panex Resources Inc. (the "Company," or "Panex") (OTCQB: DBGF) (FRANKFURT: D1Q), wishes to announce its withdrawal from the acquisition agreement with Amani Consulting Sprl to acquire an interest in the Giro Goldfields Project in northeast DRC as announced on 14th January 2013. This is largely due to difficult market conditions and unresolved issues with the vendors.As such, the Company is cancelling its intention to raise ca

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Panex Announces Capital Raising 0

ZUG, SWITZERLAND — (Marketwire) — 01/23/13 — Panex Resources Inc. (the "Company," or "Panex") (OTCQB: DBGF) (FRANKFURT: D1Q), is pleased to announce that it intends to raise capital via the issuance of approximately 200,000,000 shares at $0.005 cents per share.The majority of funds will be used towards the Due Diligence and Acquisition of the Giro licenses announced on 14th January 2013.The Giro Projects are located within thirty kilometers to the west of Randgold Resour

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Panex Enters into Agreement to Acquire Highly Prospective Gold Project in the Moto Gold Belt, Democratic Republic of Congo 0

ZUG, SWITZERLAND — (Marketwire) — 01/14/13 — Panex Resources Incorporated (the "Company," or "Panex") (OTCQB: DBGF), is pleased to announce that it has entered into an agreement with Amani Consulting SPRL to acquire a 65% interest in a group of two tenements (Exploitation Licences 5046 and 5049) which cover 610sq km of prospective ground in the Oriental Province, northeast Democratic Republic of Congo, Central Africa. The tenements are located within thirty kilometers to

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