I recently attended PDAC in Toronto. It is hard to objectively know whether there was more interest this year in the mining sector, but my visual impression was negative. This fall in attendance has continued over the last several years. I attribute this loss of interest not to the failure of commodity consumption to increase, but to “investment” made on the basis of commodity price speculation and greedy expectation from so-called leverage.
In these two discussions I give my views on the trade-war, gold consumption, the Third World etc.:
On investments…
Cork Fleck and I talked about two companies today. Renaissance Gold (REN) keeps falling to C$0.17, a price at which I find it a good buy. We also discussed Commander Resources (CMD; C$0.09). Based on the history of the company, while they have created value, I doubt if any money has ever flowed back to the shareholders. The management has changed and I hope any new value-creation profits the wallet of investors. For now, in my view, CMD has fallen more than it should have. Here is a link to a discussion that I had with Cory.
I am on my way to Singapore, to attend Mining Investment Asia and then to Hong Kong to attend Mines & Money.
Warm regards,
Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendation. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
To get more great content from Agora Financial click here. Riverside Resources (OTCBB:RVSDF) Maintain Buy up to: $0.24
Position sizing: 1.5%
Riverside is a prospect generator that works mainly in northern Mexico, Sonora state. I’ve visited several of the company’s sites. In fact, I was down there this past weekend.
Shares traded down in the past month. Shares are slightly down over the past six months and year.
Riverside recently raised over $2 million via “oversubscribed” private placement. It’s a vote of confidence in the company and its CEO John-Mark Staude.
I visited a couple more Riverside mineral claims the other day down in Sonora. Let’s begin with this shot from the pickup truck… Indeed, you know you might be onto something when the roads are paved with copper ore! Copper mineralization in road gravel. BWK photo.
The green stuff is malachite, mostly; it’s copper mineralization that coats gravel in an ancient outwash/conglomerate system. The source (the technical term is “up-gradient origin”) is a nearby, massive copper porphyry… a true mountain of copper ore.
There’s been a bit of historic mining in the area but not much. Indeed, most of the ore body has barely been picked over topside by miners of old, and almost none of it has felt the gentle touch of a drill bit. But Riverside has consolidated the hodgepodge of claims into a much better package for purposes of bringing in a partner. It’s ready to go now. (Note: I said “now.”)
During one stop along the field-trip route, John-Mark and I were literally walking on high-grade copper ore (the green stuff). Like this… Your editor and Riverside CEO John-Mark Staude, walking on copper. BWK photo.
We were in the midst of a mineralized trend that’s literally miles-by-miles in dimension. It’s eastern Sonora, just west of the foothills of the mighty Sierra Madre mountain range. It’s volcanic caldera country — think of Yellowstone Park.
There’s placer gold mining in every streambed, water supply permitting. And there’s hard-rock mining to the east and west. The secret to success here is that much of the Riverside claim is buried, in some places under a thin layer of volcanic ash, like what you see here in this shot. Your editor walks on volcanic ash, accompanied by a curious ranch dog. BWK photo.
Copper and gold. You want it? Right here… Riverside is absolutely ripe for a major combination with a larger company. The land position is second to none. The mineralization is vast, high grade, big size and eminently scalable. Company staff have done a splendid job of obtaining land position, permits, agreements with locals, nearby political support and more.
As a prospect generator, Riverside is in the business of developing multiple parallel stories, which add value. Stand by… That added value is likely to show up very soon! If you don’t own shares, get some. Maintain buy on Riverside up to $0.24.
Original Source: https://ceo.ca/@mickeymantle/march-madness
For those who follow College Basketball, the next few weeks are some of the most enjoyable and exciting months on the sports calendar. For those new to sports or living under a rock, March Madness brings together 64 teams in a single elimination tournament . The brackets get tighter with each round 64/ 32/ 16/ 8/ 4/ and finally a duke out between the 2 last remaining teams. As the brackets dwindle down the contests have sub names ” The Sweet 16 ” / “Elite Eight ” / ” Final Four ” and the ” Championship Game “.
The games are usually very exciting often coming down to the last possession and consequently there are usually quite a few upsets on the Road to the Final Four. In this spirit I have decided to make my own March Madness Tournament with my favorite Juniors participating.
This list was comprised of 12 stocks that I have been following closely and own shares in. The list has been pared down to The Elite Eight for the brackets to work out. I am using the share price of the companies (on 12-24-18) when article was published as a benchmark. I have attempted to put companies with similar share prices paired against one another. After each round the companies that have the highest %gain will move on to the next round. Simple enough now without any further ado … Lets’ meet the Elite Eight.
Bracket 1) MUX vs. IRV
McEwen Mining – this under valued producer striving to get a listing on the S&P. It’s share price is at the mercy of the price of Gold. It’s CEO, Rob McEwen draws a dollar a year salary. If the shareholders do well so does its leader. What a novel concept !!I It was recommended on 12-24-2018 @ $1.79/ MUX
Irving Resources- this tightly held sleeper is headed up by Quinton Hennigh ,which almost guarantees big things. Permitting is now in place and this one time huge producing mine in Japan is now drill ready and ready to rock. “Q” knows how and where to position the the Truth Meter to get it to confess vehemently. Price when recommended was $1.80/IRV
Bracket 2) JCO vs. FVAN
Jericho Oil – with steadily rising OIL prices… up over 30% in two months and located in the very friendly Oil state of Oklahoma in the prolific STACK region. It boasts having some mighty titans of the Oil industry as neighbors. It is only a matter of time before this gets legs and gains some well deserved attention. JCO/ 43 cents
First Vanadium – with a just released PFS report with staggering numbers, this tightly held stock needs to be revisited. The company just added 1.5 Billion pounds of Vanadium in very mining friendly Nevada which is currently going for close to $18 a pound. You do the math. Your head will spin. !!! FVAN /77 cents
Bracket 3) SIR vs. ANX
Serengeti Resources – A newly released PFS revealed an overall increase in contained metal from the 2016 Indicated Resource estimate. Which included increases of 44% for copper, 32% for gold, and 52% for silver in the M+I categories. This stock was hammered mysteriously on these fantastic results. Somebody wants this stock on the cheap and for good reason. Rick’s Cafe lives on in the Junior Sector. !!! SIR/17 cents
Anaconda Resources– this stock was once the darling of PDAC in 2018. My how much changed in a year. The company keeps putting out great news … to crickets. Perhaps new blood at the top would pump new life into this sleeper and get it back on track. There has been a buzz about M&A’s in the maritime and COB, Jonathan Fitzgerald is a cagey deal maker who makes great things happen. ANX/ 22 cents
Bracket 4) AZS vs. PRG
Arizona Silver Exploration – continues to amaze. It is slowly coming back to life and I believe still has plenty of upside. Sharp management who put their money where their mouth is. Share structure remains super tight, as they know how and when to finance without warrants. They have added 2 new highly prospective properties which are drill ready awaiting final permitting. This company is a blueprint for success on how to run a Junior Miner !!! AZS/ 8 cents
Precipitate Gold – this is run by a very sharp , intelligent ,savvy CEO , Jeff Wilson. They have smartly recently acquired a property in the Dominican Republic which butts up next to Barrick’s Pueblo Viejo Mine. This acquisition and the highly anticipated future drill results could make Jeff Wilson a legend. It seems new government in the DR is much easier to work with than previous scoundrels. Having savant Quinton Hennigh on the board adds to the allure. PRG/ 12 cents
A reminder we will check highest % gainers for my 12 Days of Christmas article and the price of each stock from the 12-24-18 benchmark to determine their performance in the tournament.
I am a fan of all of these companies and hold shares in each, some in great quantity in my own portfolio. So there are no losers among these companies only winners but somebody will prove to be a worthy champion in a months time !!!
This article is for informational purposes only. It is certainly not investment advise. It is also not encouraging any gambling or betting in any way. Please consult Gamblers Anonymous if you feel the need to waver on my tournament 🙂 Kevin Dougan (aka The Mick) runs a website Blue Sky Marketing which finds and promotes under valued and out of favor companies with much upside and potential growth. Many of these companies are clients and sponsors and I own shares in all of the companies mentioned in this article. Please sign up for my free newsletter on my website for monthly picks and updates. www.kdblueskymarketing.com
I often wonder what the world would be like in the future.
I have written and spoken a lot about why the Third World (with the exception of China), erroneously known as “emerging markets”, is on its way back to the dark ages. These people representing 5 billion out of 7.5 billion human beings will fall into tribal units and then enter never-ending wars.
The West is stumbling. Cultural Marxism, an infiltration of the Third World ways—begging for free-stuff, sense of entitlements, etc.—have increasingly become mainstream in the West.
Today, one out of four Australians is an immigrant. Among the millennial, the US is rapidly becoming, and perhaps already has, a non-European majority country. This matters. One only has to look at how those from non-European background vote to understand that six years now, it will be virtually impossible for a person like Trump to win again. The wide chasm that exists between those who prefer liberty, freedom, free-markets and self-responsibility, and those who don’t means that at a certain point of time, in a not too distant future, the US will take a sharp turn left. The turn will be sharp, given the chasm.
That leaves Japan, Korea, Taiwan, Hong Kong, Singapore and possibly China as the only societies where the western civilization might survive. For now, it is thriving:
On investments…
Cory Fleck and I discussed three companies. They are all worth keeping a very close eye on. Irving Resources (IRV; C$1.90) has started drilling its very prospective project. Evrim Resources (EVM; C$0.30) is trading at the value of its cash and royalty ownership, offering a free upside on its projects and management capabilities. Core Gold (CGLD; C$0.24) has a massive arbitrage upside, but there are several unknown risks involved. The talk is linked here.
On other matters…
I am happy to announce that Fergus Hodgson will be speaking on the “Painful Truths about Latin America” at the next Capitalism & Morality. I am very fond of his deep understanding of Latin America. You can subscribe to his letter here.
I will be speaking at Mining Investment Asia in Singapore later this month.
Warm regards,
Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendation. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
Vancouver, British Columbia–(Newsfile Corp. – March 11, 2019) – Great Bear Resources (TSXV: GBR) (the “Company” or “Great Bear”), today reported drill results from reconnaissance drilling to the west of the Dixie Hinge Zone (“DHZ”) at its 100% owned Dixie Project in the Red Lake District of Ontario, and acquisition of new district properties covering additional gold mineralization targets.
Two exploratory drill fences were completed 150 metres and 400 metres west of the current DHZ drilling, along the D2 fold axis that is interpreted to be a significant gold control, using the recently added second drill rig as shown on Figure 1. All 5 of 5 drill holes intersected gold mineralization. Highlights include:
31.40 g/t gold over 0.70 metres within a 2.70 metre interval of 8.70 g/t gold at only 64 metres vertical depth. An image of gold within this new high-grade intercept is provided in Figure 2.
Multiple gold-bearing veins were intersected in 2 of the 5 drill holes.
The newly discovered gold veins may comprise significant strike length extensions to the DHZ vein system or may be new gold zones; further drilling is required.
The second drill rig continues to drill test new targets across the Dixie property.
Table 1: Results of reconnaissance drilling to the west of the Hinge Zone. All widths are drill indicated core length and insufficient data exists to determine true widths and vein orientations at this time.
Drill Hole
From (m)
To (m)
Width (m)
Gold (g/t)
Vertical Depth (m)
DSL-016
83.30
86.00
2.70
8.70
64
including
83.30
84.00
0.70
31.40
DSL-017
126.00
127.50
1.50
2.95
106
and
255.30
255.80
0.50
1.11
214
DSL-018
75.30
75.80
0.50
3.84
54
and
214.65
217.15
2.50
2.68
154
including
214.65
215.15
0.50
6.32
DMS-001
35.77
39.20
3.43
2.09
29
including
38.00
39.20
1.20
4.95
and including
38.00
38.70
0.70
6.67
DMS-002
47.25
50.10
2.85
2.43
43
including
47.65
48.45
0.80
4.58
Additional drilling has also been completed within the Hinge Zone, results of which have not been received at the time of this release. DHZ drill results will be released once assay results are received and processed.
Chris Taylor, President and CEO of Great Bear said, “In a district where 25 metre step-out drilling is considered aggressive, our new reconnaissance drill holes located 150 metres and 400 metres from the Hinge Zone have yet again shown the extensive footprint of gold mineralization at Dixie, and the apparent importance of major D2 fold axes as regional gold controls. We look forward to further drilling in these areas to determine if these are separate new gold discoveries, or whether the Hinge Zone extends through this entire strike length.”
The Company notes that gold-bearing veins have now been drilled over a strike length of approximately 500 metres from the easternmost Hinge Zone drill holes to the newest drilling to the west. This veining is located on the south side of an ultramafic body and fault that are sub-parallel to the regional D2 fold axis.
Figure 1: Map of reconnaissance drill holes west of the Hinge Zone, adjacent to a D2 fold axis. Drill holes DL-016, 017 and 018 are located 150 metres west of current Hinge zone drilling. Holes DMS-001 and 002 are located 400 metres west of current Hinge Zone drilling.
Cannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/f433a0c0c489fc8c5d826761a872f0da
The Company also notes that the next interpreted D2 fold axis to the north, also shown on Figure 1, also hosts high grade gold within a quartz feldspar porphyry dike, including 30.20 g/t gold over 0.55 metres, within a wider interval of 12.41 g/t gold over 1.5 metres in hole DL-009, which was drilled by the Company in late 2017. This second fold axis is also an exploration target for future step-out drilling.
Figure 2: Image of newly discovered high-grade gold returning 31.40 g/t gold over 0.70 metres at 64 metres depth, from reconnaissance drill hole DSL-016, located west of the DHZ.
Cannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/f25de0514c66f1101ce04dd394566703
Great Bear is currently undertaking a fully-funded 30,000 metre, approximately 150 drill hole program that is expected to continue through 2019. A second drill rig was added to the project in February 2019 to accelerate this work and is now drilling additional gold targets.
Property Acquisitions
The Company also reports new low-cost, royalty-free property acquisitionsadding to its strategic land positions in the Red Lake District of Ontario.
The newly acquired properties will be mapped and prospected in summer 2019, with minimal impact on the Company’s current Dixie property exploration budget and program. A map of the acquired properties is provided in Figure 3.
Chris Taylor continued, “Following our recent drill success at Dixie, the total staked area within the Red Lake district increased by over 150%, constituting the area’s largest staking rush in decades. We have completed a model-driven geological review of the district using the Dixie property’s D2 fold and deep-seated structural gold controls as guides. This work suggests additional prospective areas for gold mineralization, which we have now secured, royalty free. We intend to prospect the new properties in summer 2019.”
Figure 3: Map of newly acquired and optioned properties in the Red Lake district.
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Great Bear has not completed sufficient work on the new properties to verify results from historical work.
Dedee Property
Highlights of the Dedee property include:
Covers the western strike extensions of the major regional D2 fold axial plane that is interpreted as a control of the new high-grade gold discoveries at Great Bear’s flagship Dixie property.
Two folded greenstone belts are interpreted at Dedee that mimic the geometry of the Dixie folded greenstones.
Historical drill reports of sulphides similar to the Dixie Limb Zone mineralization that were never assayed for gold.
Conductive trends similar to the Dixie Limb Zone have also been identified in historic unpublished geophysical surveys; at Dixie, these led Teck Resources to the original gold discovery of the 88-4 zone and associated gold; they are also prospective targets at Dedee.
15,300-hectare land area (153 square kilometres)
Road accessible though logging roads, approximately 20 minutes drive from Red Lake
The Dedee property was acquired in part through staking, and will be acquired in part through an inexpensive royalty-free option agreement with an arm’s length third party. Terms of the option portion of the acquisition are:
(a) $6,000 upon signing the option agreement;
(b) 15,000 shares after receiving acceptance of the Exchange for the issuance of the shares under this agreement;
(c) $10,000 on or before the date that is one year after the Effective Date;
(d) $12,000 on or before the date that is two years after the Effective Date;
(e) $16,000 on or before the date that is three years after the Effective Date; and
(f) $24,000 on or before the date that is four years after the Effective Date.
Pakwash Property
The 3,100-hectare (31 square kilometre) Pakwash property is located southeast of the Dixie property and covers portions a major regional fault structure lying along English River sediments. Historical work has identified gold lake sediment anomalies which are coincident with regional fault zones and gold-in-soil (MMI) anomalies which have not been followed up with detailed exploration.
The Pakwash property will be acquired through an inexpensive royalty-free option agreement with an arm’s length third party. Terms of the option agreement are:
(a) $10,000 upon signing the option agreement;
(b) 25,000 shares within seven (7) business days of receiving acceptance of the Exchange for the issuance of the shares under this agreement;
(c) $8,000 on or before the date that is one year after the Effective Date;
(d) $12,000 on or before the date that is two years after the Effective Date;
(e) $15,000 on or before the date that is three years after the Effective Date; and
(f) $20,000 on or before the date that is four years after the Effective Date.
Sobel Property
The 3,200-hectare (32 square kilometre) Sobel property, is located along the strike extension of the main D2 fold axial plane that is a major interpreted control of gold mineralization at the Red Lake Gold Mine, operated by Goldcorp.
The property overlies prospective Balmer Sequence rocks of the main Red Lake greenstone belt.
The Sobel property will also be acquired through an inexpensive royalty-free option agreement with an arm’s length third party. Terms of the option agreement are:
(a) $10,000 upon signing the option agreement;
(b) 30,000 shares within seven (7) business days of receiving acceptance of the Exchange for the issuance of the shares under this Agreement;
(c) $12,000 on or before the date that is one year after the Effective Date;
(d) $20,000 on or before the date that is two years after the Effective Date; and
(e) $20,000 on or before the date that is three years after the Effective Date.
The Company has elected to buy out all the outstanding royalties on the newly optioned properties for total consideration of 38,500 shares of Great Bear.
The schedule of optional payments for all of the optioned properties can be accelerated at any time at the Company’s discretion in order to achieve full ownership at an earlier date. The options may also be terminated at any time subsequent to the initial cash and share payment.
About Great Bear
Great Bear’s flagship Dixie property is located approximately 15 minutes’ drive along Highway 105 from downtown Red Lake, Ontario. The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce. The Dixie property covers a drill and geophysically defined 10-kilometre gold mineralized structure similar to that hosting other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in the West Madsen, Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.
Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ontario, and Activation Laboratories in Ancaster Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 3.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Selected samples with visible gold are also analyzed with a standard 1kg metallic screen fire assay. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC). No QAQC issues were noted with the results reported herein.
Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.
For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.
By Alexander Green, Chief Investment Strategist, The Oxford Club The greatest threat to this long-running bull market is not a tightening Fed, higher valuations or moderating corporate profits… It’s the growing clamor for regulatory and redistributive policies that will reduce innovation, lessen productivity and undermine the economy. Investors are famous for being worrywarts. Day after […] Read on »
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Generally, natural resources investments are more volatile on a daily basis and have higher headline risk than other sectors as they tend to be more sensitive to economic data, political and regulatory events as well as underlying commodity prices. Natural resource investments are influenced by the price of underlying commodities like oil, gas, metals, coal, etc.; several of which trade on various exchanges and have price fluctuations based on short-term dynamics partly driven by demand/supply and also by investment flows. Natural resource investments tend to react more sensitively to global events and economic data than other sectors, whether it is a natural disaster like an earthquake, political upheaval in the Middle East or release of employment data in the U.S. Low priced securities can be very risky and may result in the loss of part or all of your investment. Because of significant volatility, large dealer spreads and very limited market liquidity, typically you will not be able to sell a low priced security immediately back to the dealer at the same price it sold the stock to you. In some cases, the stock may fall quickly in value. Investing in foreign markets may entail greater risks than those normally associated with domestic markets, such as political, currency, economic and market risks. You should carefully consider whether trading in low priced and international securities is suitable for you in light of your circumstances and financial resources. Past performance is no guarantee of future returns. Sprott Global, entities that it controls, family, friends, employees, associates, and others may hold positions in the securities it recommends to clients, and may sell the same at any time.
Toronto, Ontario and Vancouver, British Columbia–(Newsfile Corp. – March 4, 2019) – Minera Alamos Inc. (TSXV: MAI) (OTC Pink: MAIFF) (the “Company” or “Minera Alamos“) is pleased to announce, further to its press release dated February 26, 2019, that it has closed the non-brokered private placement offering of 49,347,500 common shares of the Company (the “Common Shares“) at a price of $0.10 per Common Share (the “Offering Price“) for aggregate gross proceeds of $4,934,750 (the “Offering“).
The Offering included participation of existing institutional investors. As a result, the Donald Smith Value Fund increased its ownership in the Company to ~9.8% and the Aegis Value Fund increased its ownership to ~4.9%.
“Minera appreciates the ongoing support of both Donald Smith and Aegis as well as the other participants in the Offering as we begin a transformational year leading toward construction decisions at our Santana and Fortuna gold projects” stated Doug Ramshaw, President of Minera Alamos.
Minera Alamos intends to use the net proceeds of the Offering for exploration and development of the Company’s Santana Project in Sonora, Mexico, and for working capital and general corporate purposes.
In connection with the Offering, the Company paid cash finder’s fees of $276,600 and issued 2,862,000 finder’s warrants (the “Finder’s Warrants”). The Finder’s Warrants will each be exercisable for one Share at the Offering Price for a period of two years following the closing of the Offering.
All securities issued under the Offering will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The Offering is subject to TSX Venture Exchange acceptance of requisite regulatory filings.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Minera Alamos
Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heapleach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa with mine planning in progress. The Company is awaiting the pending approval of permit applications related to the commercial production of gold at both the Santana and Fortuna projects.
The Company’s strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.
This news release may contain forward-looking information and Minera Alamos cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Minera Alamos included in this news release. This news release includes certain “forward-looking statements”, which often, but not always, can be identified by the use of words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements with respect to Minera Alamos’ future plans, objectives or goals, to the effect that Minera Alamos or management expects a stated condition or result to occur and the expected timing. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. This list is not exhaustive of the factors that may affect any of Minera Alamos’ forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Minera Alamos’ forward-looking statements. Minera Alamos does not undertake to update any forward-looking statement that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Original Source: https://mises.org/wire/great-murray-rothbard
Today would have been Murray Rothbard’s 93nd birthday. He was an unforgettable friend, whose immense knowledge of many different fields was unsurpassed in my experience. In a lecture on the Austrian Theory of the Business Cycle, he mentioned the common objection that the expansion of bank credit might have no effect, if investors anticipated trouble. After the lecture, I asked whether Mises had answered this point. He said, “See his response to Lachmann inEconomica, 1943.” I often went to used bookstores with him, in both Palo Alto and Manhattan, and listened to him as he commented on nearly every book on the shelves. When he was a student at Columbia, he admired the philosopher Ernest Nagel, who he said would always encourage students to do new work. Murray was like this himself. He constantly encouraged students to work on Austrian and libertarian topics. His support for me was never failing, and I owe him everything. If only he were still here now, to guide and instruct us!
David Gordon is Senior Fellow at the Mises Institute, and editor of The Mises Review.
By Remy Blaire Adrian Day, CEO of Adrian Day Asset Management. Wall Street waltzed into the New Year with unlikely bravado. After a dismal end to the year the stock market rebounded and pushed the U.S. equity averages to notch nine consecutive weekly gains. In fact, the Dow Industrials is having […] Read on »
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VANCOUVER , March 4, 2019 /CNW/ – Rover Metals Corp. (ROVR.V) (ROVMF) (“Rover Metals” or the “Company“) is pleased to announce its intention to complete a non-brokered private placement of units (the “Units“) at a purchase price of $0.08 per Unit, for aggregate gross proceeds of up to CAD$1,250,000 (the “Offering“). Each Unit shall consist of one common share in the capital of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant shall entitle the holder to acquire an additional Common Share at a price of $0.15 per share for a period of 24 months following the date of issuance.
Rover Metals anticipates using 80% of the proceeds of the Offering to finance exploration activities at the Cabin Lake Gold Project and remaining use of proceeds for general and administrative expenses.
The Company may pay finder’s fees in accordance with the policies of the TSX Venture Exchange in connection with the Offering.
Rover Metals anticipates relying, in part, on the exemption from the prospectus requirements provided in BC Instrument 45-534 – Exemption From Prospectus Requirement For Certain Trades to Existing Security Holders (the “Existing Shareholder Exemption“). The Company may also rely on other available prospectus exemptions.
Rover Metals has set March 1, 2019 as the record date for determining shareholders entitled to participate in the Offering in reliance on the Existing Shareholder Exemption. If the Offering is over-subscribed, Units will be allotted on a first come first served basis. Qualifying investors who wish to participate in the Offering should contact the Company using the contact information set forth below. It is anticipated that the Offering will close in one or more tranches commencing on or about March 15, 2019 .
All securities issued under the Offering will be subject to a hold period of four months and a day from the distribution date, in accordance with applicable securities laws. Completion of the Offering is subject to the receipt of all applicable approvals, including the approval of the TSX Venture Exchange.
About Rover Metals Rover Metals is a natural resource exploration company specialized in gold that is currently focused on the Northwest Territories of Canada , one of the most mining friendly jurisdictions in North America . The Cabin Lake Group of High Grade Gold Projects are located within 20km of Fortune Minerals’ (FT.TO) planned NICO Project gold processor.
ON BEHALF OF THE BOARD OF DIRECTORS OF ROVER METALS “Judson Culter” Chief Executive Officer and Director
Statement Regarding Forward-Looking Information
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-looking statements in this document include statements regarding Rover’s expectations regarding the issuance of Units and receipt of regulatory approval therefor and the use of proceeds from the Offering. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE
