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May 23, 2015 1:23 AM ET

Metals and Mining

Company Overview of Ironside Resources Inc.

Company Overview

Ironside Resources Inc. acquires, explores for, and develops mineral resource properties in Papua New Guinea and Canada. The company primarily focuses on exploring for copper, gold, nickel, and platinum ores. It primarily holds 100% interest in the New Hanover project that covers 2 exploration licenses covering an area of 591.6 square kilometers located west of the New Ireland provincial capital of Kavieng. The company was formerly known as Papuan Precious Metals Corp. and changed its name to Ironside Resources Inc. in April 2015. Ironside Resources Inc. is headquartered in Kelowna, Canada.

1620 Dickson Avenue

Suite 700

Kelowna, BC V1Y 9Y2

Canada

Phone:

866-979-7022

Fax:

250-868-8493

Key Executives for Ironside Resources Inc.

Chairman, Chief Executive Officer, Member of Compensation Committee and Member of Audit Committee
Age: 52
Chief Financial Officer and Vice President of Corporate Development
Total Annual Compensation: $84.0K
Compensation as of Fiscal Year 2014.

Ironside Resources Inc. Key Developments

Ironside Resources Inc. has Changed its Ticker to IRC from PAU

Effective April 21, 2015, Ironside Resources Inc. changed its TSX Venture Exchange stock ticker symbol to IRC from PAU.

Papuan Precious Metals Corp. will Change its Name to Ironside Resources Inc

Effective April 21, 2015, Papuan Precious Metals Corp. will change its name to Ironside Resources Inc.

Papuan Precious Metals Corp. Enters into Letter of Agreement to Form Joint Venture with Juniper Capital Partners Limited

Papuan Precious Metals Corp. announced that it has entered into a letter of agreement to form a joint venture with Juniper Capital Partners Limited to acquire a 25% carried interest in the highly strategic Wadi Sawawin Iron Ore project in Saudi Arabia. The open pit mining project is located close to the Red Sea port of Duba. With low transportation costs, the project can become one of the few regional sources of Direct Reduction pellets for DRI steel plants, which provide 90% of steel production in the Middle East and North African region. The joint venture will acquire London Mining PLC's contractual rights to the 25% carried interest in the National Mining Company in Saudi Arabia. NMC owns the Wadi Sawawin Iron Ore project. The Company is obligated to provide an initial funding to the Joint Venture in the amount of $375,000 and then Juniper and the Company will contribute additional funds to the Joint Venture pro-rata so that each partner will provide one-half of the additional funds required by the Joint Venture.

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 8, 2015
--
Merger/Acquisition
April 7, 2015
Saudi Arabian National Mining Company
Private Placement
March 17, 2015
--
 

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