TORONTO, ONTARIO — (Marketwired) — 10/30/14 — QMX GOLD CORPORATION (TSX VENTURE: QMX)("QMX" or the "Company") has entered into a binding term sheet (the "Term Sheet") with Third Eye Capital Inc. (the "Administrative Agent"), acting on behalf of secured creditors as the administrative agent in respect of a note purchase agreement with the Company and its subsidiaries (collectively referred to herein as the "Company") dated November 28, 2012 (
TORONTO, ONTARIO — (Marketwired) — 12/11/13 — QMX GOLD CORPORATION (TSX: QMX) ("QMX Gold" or the "Company") announces that, further to the press release dated December 10, 2013, the Company confirms that it intends to list its common shares on the TSX Venture Exchange (the "TSX-V").QMX has commenced the streamlined application process for the listing of its common shares on the TSX-V in accordance with the TSX-V-s policies and is working with both the TSX-V and
TORONTO, ONTARIO — (Marketwired) — 12/10/13 — QMX GOLD CORPORATION (TSX: QMX) ("QMX" or the "Company") has been informed of the decision of the Listing Committee of the Toronto Stock Exchange ("TSX") to delist the common shares of the Company effective January 9, 2014 on the basis that QMX is now failing to meet the continuing listing requirements of the TSX. The Company is considering filing an appeal in accordance with the requirements of the TSX to reverse t
TORONTO, ONTARIO — (Marketwired) — 11/15/13 — QMX GOLD CORPORATION (TSX: QMX)("QMX Gold" or the "Company") sold 5,885 ounces of gold at an average price of $1,362. Total revenue for the third quarter of 2013 was $8.11 million. All figures are reported in Canadian dollars, unless noted otherwise.Q3 and Year to Date Financial Summary:Third Quarter Results From OperationsIn the third quarter of 2013, the Aurbel Mill processed 40,403 tonnes of ore with a head grade of 4.62 g
Receives Deposit from Liberty Mines
TORONTO, ONTARIO — (Marketwired) — 10/02/13 — QMX GOLD CORPORATION (TSX: QMX) ("QMX Gold" or the "Company") has entered into a definitive purchase agreement with Liberty Mines Inc. (TSX: LBE) ("Liberty") for Liberty to acquire 100% ownership of the Snow Lake gold project and related property in consideration for a cash payment of US$20,000,000 (see press release dated August 29, 2013).As part of the agreement, Liberty has placed US$1,000,000 as a down payment o
TORONTO, ONTARIO — (Marketwired) — 08/29/13 — QMX GOLD CORPORATION (TSX: QMX)("QMX Gold" or the "Company") has entered into a binding term sheet to sell the Snow Lake gold project and related property located in Snow Lake, Manitoba (the "Project") to Liberty Mines Inc. ("Liberty Mines").Liberty Mines will acquire a 100% interest in the Snow Lake project through the acquisition of QMX Gold-s wholly-owned subsidiary, in consideration for a cash payment
TORONTO, ONTARIO — (Marketwired) — 08/15/13 — QMX GOLD CORPORATION (TSX: QMX)("QMX Gold" or the "Company") sold 5,366 ounces of gold at an average price of $1,456 generating revenue of $7.38 million in the second quarter of 2013. All figures are reported in Canadian dollars, unless noted otherwise.Q2 Financial Summary:Second Quarter Results From OperationsIn the second quarter of 2013, the Aurbel Mill processed 39,667 tonnes of ore with a head grade of 4.42 g/t Au and th
TORONTO, ONTARIO — (Marketwired) — 07/16/13 — QMX GOLD CORPORATION (TSX: QMX) ("QMX Gold" or the "Company") will be suspending its capital development initiatives at the Lac Herbin Mine for an undetermined period of time. This will end development of the main ramp below the 42 level and all exploration expenditures at the mine.Despite QMX Gold`s ability to reduce costs since cost-cutting measures were implemented in April 2013, the drastic fall in gold prices by more tha
Final Preparation to Begin at Aurbel Mill
