Business
Exter Gold Provides Corporate Update, Closing of 1st Tranche Private Placement and Correction of Disclosure
Winnipeg, Manitoba--(Newsfile Corp. - March 2, 2026) - Exter Gold Corp. (CSE: XGOL formerly BDR) (formerly, Bird River Resources Inc.) (the "Company") is pleased to announce that, further to its news release dated December 11, 2025 regarding the entry into a binding letter of intent with Analog Gold Inc. ("Analog") to acquire certain assets from Analog (the "Transaction") comprised of: (i) Analog's wholly-owned subsidiary and a corporation existing under the laws of Mexico and (ii) Analog's...
About this update from Exter Gold Corp.
[{"type":"text","content":"Winnipeg, Manitoba--(Newsfile Corp. - March 2, 2026) - Exter Gold Corp. (CSE: XGOL formerly BDR) (formerly, Bird River Resources Inc.) (the "Company") is pleased to announce that, further to its news release dated December 11, 2025 regarding the entry into a binding letter of intent with Analog Gold Inc. ("Analog") to acquire certain assets from Analog (the "Transaction") comprised of: (i) Analog's wholly-owned subsidiary and a corporation existing under the laws of Mexico and (ii) Analog's interest to receive royalties in relation to the San Miguel Project (together, the "Purchased Assets"), the Transaction is proceeding as anticipated and that the Company is actively compiling the documentation required to submit its application to the CSE for approval of the Transaction as a Fundamental Change, including the completion of a technical report pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects and the required financial statements. The Company intends to hold an annual general and special meeting of its shareholders to seek the approvals required in connection with the Transaction in accordance with the policies of the CSE.","length":1224,"tagName":"p"},{"type":"text","content":"The Company also provides the following update regarding the progress of its operations. The Tadeo Mill (the "Mill"), a processing facility, situated approximately 47 km south of Mazatlan which is operated by the Company on lease, and forms part of the Purchased Assets, has stabilized its operations. The Mill has been able to process over 28,000 tons of ore sourced from third parties from October 2025 to date. Development of the Tres Oros mine is underway and production is expected to commence in Q2 of 2026. Further, the permitting process for the El Dorado property has advanced and drilling is expected to commence in Q2 of 2026. The Company expects to be cash flow positive by the end of 2026.","length":712,"tagName":"p"},{"type":"text","content":"Closing of Private Placement","length":28,"tagName":"p"},{"type":"text","content":"The Company is also pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement (the "Offering") of 3,244,826 common shares in the capital of the Company (the "Shar...