Business
Providence Gold Mines Inc. Receives Regulatory Approvals for Fundamental Transaction & The La Dama de Oro Gold Property NI 43-101 Report
(TheNewswire) VANCOUVER – October 22, 2025 – TheNewswire - Providence...
About this update from Providence Gold Mines Inc
[{"type":"text","content":"Providence Gold Mines Inc. Receives Regulatory Approvals for Fundamental Transaction & The La Dama de Oro Gold Property NI 43-101 Report\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n VANCOUVER – October 22, 2025 –\n \n\n TheNewswire -\n \n\n Providence Gold Mines Inc.\n \n\n (“Providence” or the “Company”)\n \n\n is very pleased to announce that the Company has received TSXV\nRegulatory conditional approval for its Fundamental La Dama de Oro\nReviewable Transaction, the La Dama de Oro\n \n\n NI 43 101\n \n\n report can\nbe reviewed on SEDAR. The consideration payable by the Company to the\nOptionor “Mohave Gold Mining and Exploration Inc”. a privately\nheld company under the laws of Nevada duly operating in the State of\nCalifornia is as follows:\n \n\n\n\n Securities\n \n\n\n\n\n\n 2,000,000 common shares within 15 days of Regulatory\napproval.\n \n\n\n\n\n\n 2,000,000 common shares on or before the first\nanniversary of the Agreement.\n \n\n\n\n\n\n 500,000 common shares on or before the second\nanniversary of the Agreement.\n \n\n\n\n\n\n Work Commitments\n \n\n\n\n\n\n $20,000 CAD within the first year.\n \n\n\n\n\n\n An additional $250,000 before the second-year\nanniversary.\n \n\n\n\n\n\n An additional $250,000 before the third-year\nanniversary.\n \n\n\n\n\n\n An additional $250,000 before the fourth-year\nanniversary.\n \n\n\n\n\n\n Once the above consideration is completed the\nCompany will have earned a 100 percent interest\n \n\n\n\n in the property.  Mohave Gold will retain a 2\n% NSR which Providence shall have the right to\n \n\n\n\n buy back 1% for $500,000 USD.\n \n\n\n\n In addition to the conditional approval of the\nFundamental Transaction the Company wishes to announce receipt of TSXV\napproval to announce completion of a first tranche of the recently\nannounced financing for a total of 1,604,800 Units of the Private\nPlacement for total gross proceeds in the amount of $ 80,240. With the\nfundamental transaction completed the Company is positioned to move\nforward with the Private Placement financing which the TSXV has\ngranted an extension to until November 20,2025.\n \n\n\n\n The Private Placement dated for reference September 12,\n2025, consists of a Unit Private Placement financing of up to\n$250...