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News Releases

April 20, 2017
PNG Gold Completes Shares for Debt Settlement

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES April 20, 2017 (Vancouver, British Columbia): PNG Gold Corporation (the "Company") (TSX-V: PGK) is pleased to announce that it has completed the shares for debt transaction announced on January 30, 2017, after receiving approval of the TSX Venture Exchange. Pursuant to the shares for debt transaction, the Company has issued 2,032,797 commo...


April 03, 2017
PNG Gold Appoints Executive Vice President

April 3, 2017 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V: PGK) is pleased to announce the appointment of Wesley Marstaller as Executive Vice President of the Company, effective April 1, 2017. Wesley Marstaller graduated from McGill University in 2005 with a Bachelor of Commerce in Finance and International Business, and obtained a Masters of Finance from Insead. Mr. Marstaller worked with the Macquarie Group for nine years, departing as Vice President i...


March 29, 2017
PNG Announces Conclusions Reached in the Engineering Reports and Corporate Direction

March 29, 2017 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V: PGK) previously announced that it had received pre-FEED engineering reports from Stantec Consulting Ltd. (" Stantec ") and WSP Canada (" WSP "). Those reports concluded that PNG's ReGenTM re-refining technology process is technologically sound and, the quantity and quality of the re-refined products produced will be equivalent to, or greater than, results obtained in previous engineering ...


March 20, 2017
PNG Receives ReGenTM Technology Engineering Reports

March 20, 2017 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V: PGK) announces that it has received pre-FEED engineering reports from Stantec Engineering and WSP Canada. The reports were commissioned by the Company to review the ReGen TM re-refining technology process, as previously announced on November 10, 2016 and as updated on December 20, 2016. WSP and Stantec, having completed these reports, have come to the concl...


March 13, 2017
PNG Gold Closes $2.3M Financing

March 13, 2017 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V: PGK) wishes to announce that it has closed its previously announced non-brokered private placement of common shares (" Shares ") at a price of $0.30 per Share (the " Offering "). Under the Offering, the Company issued 7,682,500 Shares for gross proceeds of $2,304,750. All securities issued under the Offering are subject to a four month hold period from the date of issuance. Certain finders...


March 06, 2017
PNG Gold Announces $3M Financing

March 6, 2017 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V: PGK) wishes to announce a non-brokered private placement of up to 10,000,000 common shares (" Shares ") at a price of $0.30 per Share (the " Offering "). All securities issued under the Offering are subject to a four month hold period from the date of issuance. The Offering remains subject to the final approval of the TSX Venture Exchange. The Company proposes to use the proceeds of t...


February 28, 2017
PNG Gold Announces Letter of Intent for Plant Site

February 28, 2017 (Vancouver, British Columbia): PNG Gold Corporation (the " Company " or " PNG ") (TSX-V: PGK) announces that it has entered into a letter of intent ("LOI") for a Lease with Parkland Refining Limited (" Parkland ") for the portion of their property in Bowden, Alberta that is occupied by the existing processing plant, which includes access to existing utilities, roads, storm water and settlement pond systems, and storage tanks. The formal lease agreement will also...


February 09, 2017
PNG Gold Closes Final Tranche of $1.2M Financing

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES February 9, 2017 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V: PGK) announces that it has closed the final tranche of its non-brokered private placement as previously announced on November 29, 2016 and January 26, 2017 (the " Offering "). Under the final tranche of the Offering, the Company closed upon 6,450,0...


January 30, 2017
PNG Gold Proposes Shares for Debt and Grant of Options

January 30, 2017 (Vancouver, British Columbia): PNG Gold Corporation (the "Company") (TSX-V: PGK) announces that it proposes to settle $345,576 in debt ("Debt") in exchange for 2,032,797 common shares (the "Shares") at a deemed price of $0. 17 per Share as follows: ...


January 26, 2017
PNG Gold Extends Private Placement and Increases to $1.2M

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES January 26, 2017 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V: PGK) announces that it is extending its non-brokered private placement as previously announced on November 29, 2016 (the " Offering "). The Company also wishes to announce that it is increasing the size of the Offering to up to $1.2M due to investor demand. ...


January 03, 2017
PNG Gold Announces Extension to Forbearance Agreement with VeroLube

January 3, 2017 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V: PGK) The Company announces that it has granted a limited 30-day extension to its forbearance agreement with VeroLube Inc. (" VeroLube ") (the " Forbearance Agreement "), previously announced by the Company on April 2, 2016. The extension, from December 31, 2016 to January 30, 2017, will be granted subject to certain conditions being met by VeroLube, including: the delivery to the Company ...


December 20, 2016
PNG Gold Announces the Commencement of Pre-FEED Engineering Studies

December 20, 2016 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V: PGK) provides the following additional information pursuant to its previous press release dated November 10, 2016. Contracts for engineering pre-FEED studies have been entered into with Stantec Engineering (" Stantec ") and WSP Canada Inc. (" WSP ") to validate the previously modelled second stage design capability of the ReGen(TM) technology to produce 45% to 53% Group III base oil ...


December 13, 2016
PNG Gold Closes First Tranche of Private Placement

December 13, 2016 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V: PGK) announces that it has closed the first tranche of a non brokered private placement that was announced on November 29, 2016 (the " Offering "). The closing consisted of the issuance of a total of 5,550,000 units (the "Units") at a price of $0.10 per Unit for gross proceeds of $555,000. Each Unit consists of one common share and one-half of one warrant (" Warrant ") with each whole...


November 29, 2016
PNG Gold Announces Appointment of New President and Amended Private Placement

November 29, 2016 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V: PGK) announces that it has appointed George Davidson as President of the Company. Mr. Davidson studied civil engineering at the University of Western Ontario prior to a 35 year work career which includes extensive experience in major construction projects as a site engineer, estimator and project manager in both Canadian and North African multi-million dollar projects. More recently, after obtai...


November 15, 2016
PNG Gold Announces Sale of Drilling Equipment

November 15, 2016 (Vancouver, British Columbia): PNG Gold Corporation (the "Company") (TSX-V:PGK) The Company announces that after having followed an extensive sales process for the sale of its drilling equipment over the past two years and in the absence of any other concrete offers, it has sold its drilling equipment for CAD$229,950. The sale is a related-party transaction as two directors of the Company, John Detmold and Bryan Nethery, have a relationship with the purchaser. Both Messrs. Detm...


November 10, 2016
PNG provides update on its previously announced private placement and consolidation.

November 10, 2016 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V:PGK) The Company provides the following additional information regarding the proposed private placement announced on November 2, 2016. The Company believes the ReGen technology is the first in the world to re-refine used motor oil ("UMO") to produce Group III base lubricating oil (synthetic grade oil) in marketable quantities. Group III base lubricating oil sells for approximately 50% more tha...


November 02, 2016
Png Gold Announces $3,000,000 Financing and Share Consolidation

November 2, 2016 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V:PGK) announces that it proposes to complete a non-brokered private placement of a minimum of $500,000 and a maximum of up to $3,000,000 (the " Financing "). The Company is also pleased to announce that it is proceeding with a share consolidation, on the basis of five (5) old common shares for one (1) new common share (the " Consolidation "). The Financing and the Consolidation are subject...


October 06, 2016
PNG Gold Corporation Announces Papua New Guinea Licence Renewal Decision

For Immediate Release October 6, 2016 (Vancouver, British Columbia): PNG Gold Corporation (the " Company ") (TSX-V:PGK) announces that it has received correspondence from the Papua New Guinea Mineral Resources Authority (the " Authority ") indicating that applications filed by the Company seeking renewal of its exploration licences EL 1069 and EL 1091 have been refused by the Authority. This action on the part of the Authority has come as a complete surprise to the Company as it ...


May 25, 2016
PNG Gold Corporation to Resume Trading May 26, 2016

Not for distribution in the United States or to U.S. newswire services May 25, 2016 (Vancouver, British Columbia): PNG Gold Corporation (" PNG Gold ") (TSX-V:PGK) is pleased to announce it has received notification from the TSX Venture Exchange that trading in its shares will resume at the opening on May 26, 2016. Trading was halted at the Company's request on February 5, 2015 in anticipation of the Company's proposed acqui...


April 06, 2016
Corporate Update - Forbearance Agreement With VeroLube Inc.

Not for distribution in the United States or to U.S. newswire services For Immediate Release April 4, 2016 (Vancouver, British Columbia): PNG Gold Corporation (" PNG Gold ") (TSX-V:PGK) announces it has entered into a forbearance agreement (the " Forbearance Agreement ") with VeroLube Inc.(" VeroLube "). VeroLube is a private Alberta corporation and the owner of a technology for the re-refining of used oil known as ReGen. Gregory Clarkes, the CEO of PNG Gold, is a directo...


February 16, 2016
Corporate Update - Reverse Takeover of VeroLube Terminated, Consolidation of Issued and Outstanding Shares

For Immediate Release February 16, 2016 (Vancouver, British Columbia): PNG Gold Corporation (" PNG Gold ") (TSX-V:PGK) announces that it is no longer pursuing its reverse takeover of VeroLube Inc. (" VeroLube ") announced on February 5, 2015 at this time. PNG Gold has made loans to VeroLube of approximately Cdn.$765,835 which were due to be repaid on or before September 30, 2015. As partial consideration, VeroLube has provided PNG Gold the non-exclusive rights to its patented an...


February 05, 2015
PNG Gold Corporation and VeroLube Inc. Announce Proposed Business Combination

Feb. 5, 2015 (Vancouver, British Columbia): PNG Gold Corporation ("PNG Gold") (TSX-V:PGK) and VeroLube Inc. ("VeroLube") are pleased to announce that they have entered into a binding term sheet (the "Term Sheet") dated February 4, 2015 providing for the..


November 28, 2013
PNG Gold Corporation - Third Quarter 2013 Results

November 28, 2013, Vancouver, BC - PNG Gold Corporation ("PNG Gold" or the "Company") (TSX-V:PGK) announces that the Company has filed its third quarter interim Financial Statements and Management Discussion and Analysis for the three and nine-month periods ended September 30, 2013 on SEDAR. The Company reported a net loss of $31,503,751 and $32,877,579 for the three and nine-month periods ended September 30, 2013, respectively. During the third quarter of 2013, the Company tested its ...


September 12, 2013
PNG Gold Corporation - 29.35 g/tonne Gold and 68.15 g/tonne Silver over 5.20 Metres, Imwauna Main Structure and Geological Mapping, Trenching and Diamond Drilling Program on Sehulea Claims.

September 12, 2013, Vancouver, BC - PNG Gold Corporation ("PNG Gold" or the "Company") (TSX-V:PGK) is pleased to announce final gold and silver assay results from 54 diamond drill holes from Imwauna Main Structure and has completed an exploration program consisting of surface geological mapping, trenching and diamond drilling on the Sehulea Project EL 1069. Table #1 highlights the assay results from hole IMH-275 which hosts extensive episodic quartz veining typical of low sulphidation epi...


May 23, 2013
PNG Gold Corporation - 51.21 g/tonne gold and 124.50 g/tonne silver over 2.50 metres, Imwauna Main Structure, Papua New Guinea

May 23, 2013, Vancouver, BC - PNG Gold Corporation ("PNG Gold" or the "Company") (TSX-V:PGK) is pleased to announce gold and silver assay results from 11 diamond drill holes from Imwauna Main Structure. Several holes in Table #2 were previously announced on March 12, 2013 some of which contained only partial gold and silver assay results. Table #1 highlights the assay results from hole IMH-272 which contain highly prospective gold grades, typical of low sulphidation epithermal deposits...


March 12, 2013
PNG Gold Corporation Announces Drill Assays at the Imwauna Main Structure

• 29.35 g/t Gold Over 5.20 Metres March 12, 2013, Vancouver, BC -- PNG Gold Corporation ("PNG Gold" or the "Company") (TSX-V:PGK) is pleased to announce gold and silver assay results from 11 diamond drill holes from the Imwauna Main Structure in the Henry Zone area. Table #1 highlights the assay results of hole IMH-275, which contain highly prospective gold grades that are typical of low sulphidation epithermal deposits and a...


February 25, 2013
PNG Gold Corporation Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2013) - PNG Gold Corporation ("PNG Gold" or the "Company") (TSX VENTURE:PGK.V) is pleased to announce its corporate objectives for 2013 and achievements since its new management took direct control over operations in the second quarter of 2012. Management took over operations from a previously contracted third party in order to achieve greater direct control over its Normanby Island projects in Papua New Guinea. The transition is now ...


November 28, 2012
PNG Gold Corporation Announces Diamond Drill Hole Results: 10.72 G/TONNE Gold over 3.0 Metres

November 28, 2012, Vancouver, BC -- PNG Gold Corporation ("PNG Gold" or the "Company") (TSX-V:PGK) is pleased to report drill core assay results and recent geological modelling from its 2012 exploration program at the Imwauna Structure, located on Normanby Island, Milne Bay province, in eastern Papua New Guinea. Three diamond drills are currently on site with a fourth arriving next month. The company has planned to complete 21 additional holes totalling 4665 metres on the Imwauna Stru...


September 28, 2012
PNG Gold Corporation Update On Officers

SEPTEMBER 28, 2012, Vancouver, BC -- PNG Gold Corporation ("PNG Gold" or the "Company") (TSX-V:PGK) announces changes in various officer's positions in anticipation of the expanded drilling program that is commencing on the Imwauna and Sehulea properties. Lorne Warner, who has been acting as Interim President and CEO, is now having to devote most of his time to operational concerns and will therefore assume the position of Chief Operating Officer. The void left by Mr. Warner will be fill...


August 27, 2012
PNG Gold Corporation Appoints Byran Nethery Director And Rick Low As CFO

AUGUST 27, 2012, Vancouver, BC -- PNG Gold Corporation ("PNG Gold" or the "Company") (TSX-V:PGK) is pleased to announce that effective immediately, Bryan Nethery has joined the board of directors of PNG Gold. Mr. Nethery is a metallurgical engineer and Professional Engineer (BC) who has over 30 years of domestic and international senior management and metallurgical engineering experience. He has extensive experience in all aspects of mining project development including scoping studies, ...


May 15, 2012
PNG Gold Corporation Corporate Update

May 15, 2012, Vancouver, BC -- PNG Gold Corporation ("PNG Gold" or the "Company") (TSX-V:PGK) has embarked on a number of initiatives. These have been taken in response to issues that, if not corrected, could negatively impact the development of the Imwauna gold property. The PNG Gold board has determined that: 1) drilling must progress more rapidly than the approximate 12,000 metres achieved in the previous 15 months; 2) administration and operational costs per metre drilled need to be r...


April 13, 2012
PNG Gold Corporation Announces Diamond Drill Hole Results: 112 g/tonne Gold over 6.0 Metres

April 13, 2012, Vancouver, BC -- PNG Gold Corporation ("PNG Gold" or the "Company") (TSX-V:PGK) is pleased to report assay results from its 2011 exploration program at the Imwauna gold project, located on Normanby Island, Milne Bay province, eastern Papua New Guinea. Highlights: ...


April 04, 2012
PNG Gold Corporation Announces Resignation of CEO and Change Of Officers And Director

April 4, 2012, Vancouver, BC - PNG Gold Corporation ("PNG Gold" or the "Company") (TSX-V:PGK) announces that the board of directors has appointed Mr. Lorne Warner, P.Geo, as the Company's Interim President & CEO. Mr. Warner is a professional geologist with over 30 years production and exploration experience in the minerals industry in Canada, USA, Mexico and Brazil, mainly with Noranda Exploration and Placer Dome. During his tenure with Placer Dome, Lorne led the western extension and di...


March 08, 2012
PNG Gold and New Guinea Gold Merger Update - Merger Agreement Executed - PNG Gold Agrees to Lend NGG $2.5 Million

March 8th,2012, Vancouver, BC - PNG Gold Corporation ("PNG Gold") (TSX-V:PGK) and New Guinea Gold Corporation ("NGG") (TSX-V:NGG) jointly announce that, further to their joint news release dated November 4th, 2011, they have executed a binding Arrangement Agreement whereby PNG Gold will acquire all the shares of New Guinea Gold by way of Plan of Arrangement at an exchange ratio of one NGG share for 0.125 PNG Gold shares (the "Arrangement"). In addition, PNG Gold has agreed to assi...


February 29, 2012
PNG Gold Corporation Announces Further High Grade Drill Hole Results 15.8 g/t Au over 1.8 m at 190 metres - Deepest Intersection to Date - and 16.9 g/t Au over 0.9 m at 40 metres.

February 29th, 2012, Vancouver, BC - PNG Gold Corporation ("PNG Gold" or the "Company") (TSXV: PGK) has received the assay results from the final 12 diamond drill holes completed during its 2011 exploration program at the Imwauna gold project, located on Normanby Island, Milne Bay Province, eastern Papua New Guinea. Highlights from these most recent results include 15.8 g/t Au over 1.8 m in hole IMH 242 at a vertical depth of 190 metres, the deepest intersection on the property to date, ...


February 22, 2012
PNG Gold Corporation Announces Results from Initial Metallurgical Test Work 95% Gold and 86% Silver Recoveries Indicated with Low Reagent Consumption

Not for distribution in the United States or to U.S. newswire services February 22nd, 2012, Vancouver, BC -- PNG Gold Corporation ("PNG Gold" or the "Company") (TSXV: PGK) has received results of preliminary metallurgical test work on its Imwauna gold project on Normanby Island, Milne Bay Province, eastern Papua New Guinea. The test work was commissioned on PNG Gold's behalf by Lycopodium Minerals, Brisbane, QLD at Metcon Laborato...


February 09, 2012
PNG Gold Corporation Intersects 32.1 g/t Au over 1.4 m and 20.2 g/t Au over 2.4 m at Imwauna Gold Project, Papua New Guinea and Confirms the Potential for High Grade Gold Extensions at Depth

Not for distribution in the United States or to U.S. newswire services February 9th, 2012, Vancouver, BC - PNG Gold Corporation ("PNG Gold" or the "Company") (TSXV: PGK) announces the assay results for a further 21 holes from its Imwauna gold project on Normanby Island, Milne Bay Province, eastern Papua New Guinea with highlights as follows: 32.1 g/t Au over 1.4 m (IMH 217, section 10100N...


January 23, 2012
PNG Gold Corporation Provides Exploration and Project Development Update on Imwauna Gold Project

January 23rd, 2012, Vancouver, BC - PNG Gold Corporation ("PNG Gold" or the "Company") (TSXV: PGK) provides exploration and project development updates for the Imwauna Gold Project and nearby Sehulea property, both located on Normanby Island, Milne Bay Province, eastern Papua New Guinea with highlights as follows: ...


November 17, 2011
PNG Gold Corporation Announces High Grade Gold Results from Imwauna Project, Papua New Guinea

PNG Gold Corporation ("PNG Gold" or the "Company") (TSXV: PGK) announces assay results from 31 recently completed diamond drill holes on its Imwauna Project, Normanby Island, Milne Bay Province, eastern Papua New Guinea.


November 04, 2011
New Guinea Gold and PNG Gold Update

New Guinea Gold Corporation ("New Guinea Gold" or the "Company") (TSX-V: NGG, Frankfurt: NG8) and PNG Gold Corporation ("PNG Gold") (TSX-V: PGK) jointly announce that they have entered into a letter of intent with respect to a potential acquisition of New Guinea Gold by PNG Gold.


October 31, 2011
PNG Gold Corporation Reaches Threshold to Acquire 100% of Imwauna and Sehulea Properties

PNG Gold Corporation ("PNG Gold" or the "Company") (TSXV: PGK) announces it has met the exploration expenditure requirements under its option agreement with New Guinea Gold Corporation ("NGG"), and has notified NGG of its desire to exercise its option to acquire the remaining interest it does not already own in Exploration Licenses (EL) 1091 and 1069, the Imwauna and Sehulea properties, respectively. Both properties are on Normanby Island, Milne Bay Province, Papua New Guinea.


October 26, 2011
PNG Gold Corporation Announces Leianne Emery Appointed Investor Relations Manager

PNG Gold Corporation ("PNG Gold" or the "Company") (TSXV: PGK) is pleased to announce the appointment of Ms. Leianne Emery to the position of Investor Relations Manager.


October 13, 2011
PNG Gold Corporation Provides Corporate and Exploration Update; New Director appointed and $9.3 million budget approved 17.75 g/tAu over 0.6 metres reported

PNG Gold Corporation ("PNG Gold" or the "Company") (TSXV: PGK) issues an update on corporate developments and initial exploration results of the continuing diamond drilling program and other operational activities at the Imwauna Project, Normanby Island, Milne Bay Province, Papua New Guinea.


July 28, 2011
PNG Gold Corporation Closes $38 Million Best Efforts Private Placement

PNG Gold Corporation (TSX-V: PGK) ("PNG Gold" or the "Company") is pleased to announce that it has closed its previously announced private placement offering led by Canaccord Genuity Corp. and Paradigm Capital Inc. (the "Agents") as co-lead Agents.


July 26, 2011
PNG Gold Corporation Provides Update on Financing and Operations

PNG Gold Corporation ("PNG Gold" or the "Company") (TSXV: PGK) is pleased to provide an update on the previously announced private placement (see news releases dated June 14, 2011 and July 13, 2011) and on operational activities at the Imwauna project, Normanby Island, Milne Bay Province, Papua New Guinea.


July 13, 2011
PNG Gold Provides Update on Previously Announced $35 Million Financing Price and Amount Raised Set, Closing Expected on July 26, 2011

PNG Gold Corporation (the 'Company' or 'PGK') (TSX Venture: PGK) announces that it has established terms for the previously announced private placement of 46,666,666 common shares at a price of $0.75 per common share for gross proceeds of $35,000,000.


June 21, 2011
PNG Gold Corporation Graduates to Tier 2 Listing on TSX Venture Exchange

PNG Gold Corporation (the 'Company' or 'PGK') (TSX Venture: PGK) is pleased to announce that the TSX Venture Exchange has issued its Final Exchange Bulletin in respect of the Reverse Takeover transaction described in the Company's Filing Statement dated April 29, 2011 and filed on SEDAR at www.sedar.com


June 14, 2011
PNG Gold Corporation Provides Corporate Update / Additional Exploration and Development at Imwauna Contemplated / Private Placement Financing Announcement

PNG Gold Corporation ("PNG Gold" or the "Company") (TSXV: PGK) is pleased to outline its exploration, development and financing plans for the Imwauna project, Normanby Island, Milne Bay Province, Papua New Guinea.


June 13, 2011
PNG Gold Corporation Announces Closing of Business Combination

PNG Gold Corporation ("PNG") (TSX Venture: PGK) is pleased to announce completion of the previously announced business combination (the "Business Combination") between International Silver Ridge Resources Inc. ("Silver Ridge") and NMC Mining Corp. ("NMC").


June 13, 2011
PNG Gold Corporation Announces Acquisition of Securities of New Guinea Gold Corporation

PNG Gold Corporation ("PNG") (TSX Venture: PGK) announces that, pursuant to the completion of the business combination (the "Business Combination") between International Silver Ridge Resources Inc. ("Silver Ridge") and NMC Mining Corp. ("NMC") announced today, it has acquired beneficial ownership of an aggregate of 26,855,994 units ("NGG Units") issued by New Guinea Gold Corporation.