- Published: 05 January 2015
- Written by Editor
This company is reorganized, has raised some capital and trades around 15 cents.
Dear Valued Readers:
We would like to wish all of you a very Merry Christmas / Happy Holidays and thank those who responded to our past newsletters! We strive to bring you great small cap information and we are looking forward to 2015!
We plan on giving back approximately 8-10% of our revenue to our readers through give aways and contests. We really appreciate your responses. Our $500 Amazon draw date has been set for February 28th, 2015 so you will be able to get an additional entry in through our new advertising sponsor!
Our New Junior Mining Sponsor:
Today we present to you a junior mining company which has very recently announced several positive things.
1) Company Reorganization
The company reorganization involved a 1:4 roll back of its shares. This is unpleasant for the existing shareholders but it temporarily tightened up the share structure to 5.75 million shares out!
2) Company Financing
After the roll back they raised
$3.6 Million at .20 per share.
3) Major Project
The company also announced the 100% acquisition of a gold project in Ghana. As I have stated before, I think Ghana is fairly stable and there are several majors with mines in Ghana: "Newmont’s Ahafo and Akyem mines in Ghana accounted for 12 percent of company revenue in 2013, according to data compiled by Bloomberg. Greenwood Village, Colorado-based Newmont is considering expanding a processing plant and constructing a new underground mine in the West African country." (from a Bloomberg Article)
Now if all this news in the last month doesn't make you want to get more detailed information, the following should!
2 Major shareholders in this company are:
Red Back Mining Ghana Ltd, an indirect wholly owned subsidiary of Kinross Gold Corp.
Red Back arrived via the property transaction but the most interesting is Sandstorm Gold which acquired 10 Million shares in the financing for investment purposes.
Sandstorm Gold trades at $3.67CA and must like the upside potential.
Thank you all in advance for responding and getting the two bonus PDFs, and the entry into our draw!