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Last $0.02 USD
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SPAG On Other Exchanges
As of 8:10 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

spartan gold ltd (SPAG) Snapshot

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52 Week High
04/8/15 - $0.06
52 Week Low
11/19/14 - $0.0050
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spartan gold ltd (SPAG) Details

Spartan Gold Ltd., a junior gold exploration and mining company, acquires, explores, mines, and develops mineral properties in the United States. It primarily explores for gold and other precious metal deposits. The company holds 75% interests in the Poker Flats gold prospect covering an area of 3,040 acres located in the Carlin-Rain region, Nevada; and holds an option to acquire 75% interests in the Ziggurat gold prospect covering an area of 4,540 acres located in the Round Mountain-Northumberland Mining District, Nevada. It also owns mining interests in the Arbacoochee Gold Prospect covering an area of 320 acres located in the northeast region of Alabama in the Arbacoochee Mining District. The company was formerly known as Algoil, Inc. and changed its name to Spartan Gold Ltd. in July 2010. Spartan Gold Ltd. was founded in 2007 and is based in Indialantic, Florida.

5 Employees
Last Reported Date: 04/15/14
Founded in 2007

spartan gold ltd (SPAG) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $36.0K
President and Director
Total Annual Compensation: $72.0K
Chief Financial Officer, Secretary and Direct...
Total Annual Compensation: $60.0K
Chief Operating Officer and Director
Total Annual Compensation: --
Executive Director and Director
Total Annual Compensation: $36.0K
Compensation as of Fiscal Year 2013.

spartan gold ltd (SPAG) Key Developments

Spartan Gold Ltd. announced delayed annual 10-K filing

On 03/31/2015, Spartan Gold Ltd. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Spartan Gold Ltd. announced delayed 10-Q filing

On 11/13/2014, Spartan Gold Ltd. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Spartan Gold Ltd. Announces Option Agreement with Mexivada Mining Corporation

Mexivada Mining Corporation has optioned its Poker Flats property in Nevada to Spartan Gold Ltd. and its parent corporation Sphere Resources Inc., in a new agreement executed on September 5, 2014. Under the terms of the agreement, Spartan Gold must spend $300,000 of cash expenditures by Dec. 31, 2015 to earn a 51% interest in the property, and a further $250,000 to earn a further 24% by Dec. 31, 2017. Spartan is responsible for financing all stages of exploration activities at Poker Flats, including the responsibility to complete a preliminary feasibility study for the project as part of the exploration program. Optionee can earn a 51% interest in Poker Flats by compensating Mexivada and underlying lessor in 1) a payment of $10,000 in cash on signing to Lessor (paid), 2) Payment of $10,000 to Mexivada on or before October 31, 2014, and 3) issue to Mexivada Mining Corp. 750,000 common shares of Sphere Resources Inc. to Mexivada within 60 days of its earning a 51% interest in the property and 750,000 common shares of Sphere Resources Inc. within 60 days of the Optionee acquiring a 75% interest in the Property. Upon commercial mine production, Mexivada and Optionee also will pay their respective portions of a 3% net smelter returns royalty to the original vendor of the mining claims (Redfern) appurtenant to this agreement, and part or all of this NSR may be purchased from the vendor at any time for $1,000,000 per percentage point of the royalty. A joint venture will be negotiated between Mexivada and Optionee for additional work on this property. Upon Optionee earning its 75% interest in the property, Mexivada and its joint venture partner are required to contribute their proportionate share of costs of future exploration and development. The proposed transaction remains subject to, among other things, receipt of all requisite Regulatory and other approvals, including the approval of the NEX board of the TSX Venture Exchange.


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