Welcome to San Marco Resources Inc.
San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of exploration-stage projects in Mexico and Canada, including the flagship Buck Project located in central British Columbia.
San Marco has a committed management team with extensive experience in Canada and Mexico with a proven track record in discovery to project development.
Recent News - San Marco to Raise $ 0.5 Million In Flow-through Private Placement
- San Marco Resources Inc. (SMN: TSX-V) announces that it intends to complete a private placement for gross proceeds of up to $500,000 through the issuance of up to 2,500,000 shares at a price of $0.20 each.
- The shares will qualify as “flow-through” shares under the Income Tax Act (Canada).
- The proceeds of the private placement will be used to incur “Canadian Exploration Expenses” on the exploration on the Buck property which qualify as “Flow-Through Mining Expenditures” under the Income Tax Act. Such expenditures will be renounced to subscribers effective December 31, 2019.
- The Company may pay finders fees in cash and finders warrants (each exercisable to purchase one share for $0.20 for one year) to eligible finders in accordance with the policies of the TSX Venture Exchange.
For the full news release click here.