Sphere Resources
Sphere Resources Inc. (OTCMKTS:SPHUF) (NEX – SPH.H) is focused on identifying and appropriating exploration targets and other high quality assets in major global mining camps with a particular emphasis on precious metals. It is currently involved in exploring for gold mineralization in the Red Lake District of Ontario and in Nevada, USA on the Carlin Trend.
News
Sphere Resources Inc and its 51.6% subsidiary Spartan Gold Ltd.("Spartan") (OTCBB:SPAG) collectively (the "Sphere Group") have substantial holdings in some of the most prolific, high-grade gold regions of the world.
The Company would like to update its shareholders to the previously announced news release dated July 2, 2013 offering of up to US$10.0 million of a five year senior secured debt instrument through a private placement.
The Company believes the Railroad Fault system passes directly through the Poker Flats gold property, and is interpreted to comprise at least 3 sub-parallel fault strands, 1100 to 1750 metres in length adjacent to Sphere/Spartan's property blocks. Gold Standard Ventures Corp ("Gold Standard") has drilled several holes along these different faults, to the west of the Poker Flats property.
The Company announces the signing of an Engagement Agreement with Wedgewood Investment Group LLC ("WIG") for the offering of up to $10.0 million of five year senior secured debt instrument through a private placement being marketed to private clients in the Americas, Europe and Asia. WIG of New York is advising the Company on this placement.
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