TGX Energy & Resources Inc.

Further to the Company’s News Release of July 19, 2024, True North Gems is pleased to announce that it has changed its name to “TGX Energy & Resources Inc.”. The board of directors of the Company approved the name change on August 13, 2024, in accordance with the articles of the Company. The name change is expected to be effective at the start of trading on August 16, 2024, and the Company’s shares are expected to [...]

True North Gems Inc. provided today, an update on the bankruptcy proceedings involving True North Gems Greenland A/S, the Company's operating subsidiary in Greenland, with assets including the Aappaluttoq Ruby and Pink Sapphire deposit and mine in S.W Greenland. The Company also announced the engagement Danish counsel, Skau Reipurth & Partners, to represent the Company in this process. Update on the Bankruptcy Process [...]

True North Gems Inc.provides an update on current corporate activities. Summary of 2016 Finance Efforts Since late 2015 the Company has been engaged in an active and comprehensive search for mine financing. Management approached many of the traditional and non-traditional sources of finance seeking sufficient funding as an instrument to: provide capital for the completion and commissioning of the processing plant [...]

True North Gems Inc.announces that it has been advised by the trustees in bankruptcy for True North Gems Greenland A/S that the bankruptcy estate has reviewed and considered the binding offers received and has entered into a business transfer agreement with the successful bidder. True North made a bid, but its bid was not successful. The trustees have not identified the successful bidder to True North. True North is [...]

True North Gems Inc announces that True North Gems Greenland A/S, the Company's operating subsidiary in Greenland, has initiated voluntary bankruptcy proceedings under the Bankruptcy Act in Greenland. TNGG's main asset is the Aappaluttoq Ruby and Pink Sapphire deposit and mine in S.W Greenland. The Company owns 76% of the outstanding shares of TNGG, LNS Denmark APS (together with its affiliates, the "LNS Group") owns 17 [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 13, 2016) - True North Gems (TSX VENTURE:TGX) is pleased to announce that it has retained Endeavour Financial Limited ("Endeavour") to provide advisory services for the Company at it enters the final phases of development of the Aappaluttoq ruby mine in Greenland. President and CEO, Nicholas Houghton commented, "As we move through commissioning and into production at [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 12, 2016) - True North Gems Inc. (TSX VENTURE:TGX) ("True North", "TNG", or the "Company") is pleased to provide a construction update for the Aappaluttoq Ruby Mine, SW Greenland. Since the last update on February 18th, 2016, the company and our joint venture partners (LNS Group, "LNSG") have continued to make steady progress with development of the Aappaluttoq mine [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 3, 2016) - True North Gems Inc. (TSX VENTURE:TGX) signed the IBA for the Aappaluttoq ruby mine in Greenland on 16 June 2014 along with our community partners, the Municipality of Sermersooq and the Government of Greenland. More than a year has passed and the three parties to the IBA are very pleased to announce results from the first evaluation and monitoring report. The [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 18, 2016) - True North Gems Inc. (TSX VENTURE:TGX) ("True North" or the "Company") is pleased to provide a construction and operations update for the Aappaluttoq Ruby Mine, SW Greenland. Since the last update, issued on October 19th, 2015, the company and our joint venture partners (LNS Greenland, "LNSG") have made substantial progress. Construction & Plant Equipment [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 28, 2016) - True North Gems Inc., (TSX VENTURE:TGX) ("True North" "TNG" or the "Company"), is pleased to announce it has entered into an offtake agreement with Chinastone (Inc.), an Asian based world-leader in high tolerance gemstone polishing and an international supplier to fine jewelers, watchmakers, and luxury trade professionals. The supply agreement obligates True [...]