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Message: Post financing expenditures

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Re: Post financing expenditures

in response to Post financing expenditures by Logcabin

posted on Dec 07, 09 09:44AM

Logcabin,

We received the following reply from MKR management:

“The proceeds from the recent financing are to continue drilling on our 100% Carscallen Gold Project in the West Timmins mining camp. In addition we will be drilling on some of our other Timmins holdings, namely Loveland and Eldorado. Melkior holds 94.72 square kilometres of ground around the Timmins camp and is not looking at expanding its current land position but rather concentrating on expanding drilling on its wholly owned properties. We are encouraged to see activity from our neighbours which increases the value of everyones holdings.”

Regards,
AGORACOM