News

Squire Amends Option to Acquire Star Property; Grants Stock Options

VANCOUVER, British Columbia, Feb. 13, 2018 (GLOBE NEWSWIRE) — Squire Mining Ltd. (CSE:SQR) – Further to the Company’s news release of December 6, 2017, the Company has amended the terms of its option agreement to acquire an interest in the Star property located 40 kilometres south southeast of Nazko in central British Columbia (the “Star Property”). Under the amended option, the Company has the right to acquire an initial 51% undivided interest in the Star Property in consideration for cash payments totalling $60,000 and exploration expenditures of $785,000 over a period of two and one-half years as follows:

Date Payment Work Commitment
February 15, 2018 $10,000 $35,000
August 15, 2018 $10,000 N/A
February 15, 2019 $10,000 $250,000
August 15, 2019 $10,000 N/A
February 15, 2020 $10,000 $500,000
August 15, 2020 $10,000 N/A
Total $60,000 $785,000

If the Company exercises its option to acquire a 51% undivided interest in the Star Property, the Company will then have the right to increase its interest by an additional 14% (65% in total) upon completion of a preliminary economic assessment on the Star Property and a further 15% (80% in total) upon completion of a financing sufficient to carry out a feasibility study on the Star Property. Thereafter, the parties shall form a joint venture for the continue exploration and development of the Star Property.

The Company is currently contemplating a two phase work program on the Star Property for 2018.  Phase 1 planned for May 2018 consists of trenching of existing targets, geochemical surveys, stream sediment sampling and detailed prospecting at an estimated cost of $35,000. Contingent upon favorable results, a Phase 2 program consisting of approximately 1,000 metres of diamond drilling to follow up on, among others, targets generated from Phase 1 is contemplated at an estimated cost of $250,000.  If warranted, drilling will take place in August or September 2018.

The Company further announces that it has granted an incentive stock option to an officer to purchase 200,000 common shares at an exercise price of $0.18 per share, exercisable for a term of two years from the date of grant.

For further information contact:
Kevin R. Hanson, Chief Financial Officer
Telephone: (604) 929-0900

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to, the Company’s proposed exploration programs on the Star Property.  Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, risks related to mineral exploration, and the actual results of the Company’s exploration programs. Actual results and future events could differ materially from those anticipated in such forward looking information.  Accordingly, readers should not place undue reliance on forward-looking information.  The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Squire Announces Update to Mining-Related Telecommunications Technology License

VANCOUVER, British Columbia, Jan. 18, 2018 (GLOBE NEWSWIRE) — Squire Mining Ltd. (“Squire” or the “Company”) (CSE:SQR) announces that further to its release of December 6th regarding the proposed acquisition of a minority interest in the mining-related aspects of mesh technology, that the Company has begun to investigate other technology acquisitions in the internet-of-things, mesh networking and blockchain ecosystems. Squire continues to emphasize acquisitions that are resource-technology-related, but may consider making acquisitions that have global applications and then identifying partners to manage the non-resource-related aspects of the technology.

“Squire has been exposed to numerous interesting technologies while completing due diligence on its mesh network acquisition,” said Tibor Gadjics, President of Squire. “Given the knowledge base we are developing, and the prospective investment returns being recorded, further investigations may be able to add considerable shareholder value.”

For further information contact:
Kevin R. Hanson, Chief Financial Officer
Telephone: (604) 929-0900

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

This news release contains “forward-looking information”, as such term is defined under applicable securities legislation. The forward looking information includes statements about proposed technology acquisitions. Such forward looking information relates to future events or future performance and reflect management’s current expectations based on assumptions made by and information currently available to the Company. Readers are cautioned that such forward looking information is neither a promise nor guarantee, and is subject to risks and uncertainties that may cause future results to differ materially from those expected. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. The forward-looking information is made as of the date hereof and the Company does not assume any obligation to update or revise it to reflect new events or circumstances save as required by applicable law.

Squire Grants Stock Options

VANCOUVER, British Columbia, Jan. 12, 2018 (GLOBE NEWSWIRE) — Squire Mining Ltd. (CSE:SQR) – The Company announces that it has granted incentive stock options to certain directors, officers, employees and consultants, to purchase up to an aggregate of 3,500,000 common shares at an exercise price of $0.15 per share, exercisable for a term of two years from the date of grant.

For further information contact:
Kevin R. Hanson, Chief Financial Officer
Telephone: (604) 929-0900

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

Squire Closes Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Squire Mining Ltd. (CSE:SQR) – Further to the Company’s news releases of November 20, 2017 and earlier today, the Company has now closed its non-brokered private placement of 10,133,333 units (the “Units”) at a price of $0.06 per Unit for gross proceeds of $608,000 (the “Financing”).  Each Unit consists of one common share and one transferable share purchase warrant to purchase one additional common share at a price of $0.08 for a period of two years.

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Squire Updates Status of Private Placement and Exercise of Share Purchase Option

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Dec. 15, 2017 (GLOBE NEWSWIRE) — Squire Mining Ltd. (“Squire” or the “Company”) (CSE:SQR) announces it has received subscriptions for a total of 10,133,333 units (the “Units”) at a price of $0.06 per Unit for gross proceeds of $608,000 pursuant to its non-brokered private placement announced on November 20, 2017 (the “Financing”).  Each Unit consists of one common share and one transferable share purchase warrant to purchase an additional share at a price of $0.08 for a period of two years.  The net proceeds of the Financing will be used to, among other things, fund the Phase 1 work program on the Company’s Star property in central British Columbia and the purchase price for a 18% minority interest in a telecommunications technology license for the mining resource industry as announced on December 6, 2017, fill key executive roles, investigate new business opportunities and for general corporate and working capital purposes.

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Squire Updates Star Property, Announces Agreement in Principle to Acquire Minority Interest in Mining-Related Telecommunications Technology License

VANCOUVER, British Columbia, Dec. 06, 2017 (GLOBE NEWSWIRE) — Squire Mining Ltd. (“Squire” or the “Company”) (CSE:SQR) announces that due to, inter alia, forest fire closures and wild fires in the area of the Company’s Star property located 40 kilometres south southeast of Nazko in central British Columbia (the “Star Property”), the Company did not carry out exploration work on the Star Property during 2017.  In light of same, the owner of the Star Property has indicated his agreement to extend the Company’s option to acquire an undivided 51% interest in the Star Property (the “Option”) for a period of one year and partially defer certain option payments. The Star Property is prospective for Blackwater/Davidson or Round Mtn. style of rhyolite hosted disseminated gold deposits. The property is covered with glacial till and overburden and contains only minor outcrop. It is an early stage exploration target and no mineralization has been discovered to date. Work carried out in 2016 defined a strong Ag, Zn, Cd, Cu MMI soil anomaly with spotty anomalous gold values in the north central part of the claim block. This anomaly extended off of the Star claim block to the north. A 15 cell claim has been added on to the north of the claim block to cover the probable extension of the anomaly.  Forty-five cells which did not cover any significant geochemical anomalies were dropped from the southern and eastern parts of the claim block.

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