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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

  • Aim to develop and manufacture the best technology graphite in the world
  • Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

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INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

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Message: Just As Simple

Oldman
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Just As Simple

posted on Apr 07, 11 04:09PM

If wanting to simply do a VERY Aggressive drill program on Borden Lake for the purpose of Proving Up a very large Resource Estimate in Record Quick Time it would be unusual but MAYBE Arguably Reasonable for Probe Mines Management to do a very large Private Placement, in the neighbourhood of $7 - $8 Million, all in one shot, up front.

With intending to do such a transaction it would be TYPICAL of ANY Company to present a clear detailed Working Model of the TARGET DEPOSIT to Shareholders (Public Release) in Advance of Announcing such a proposed Private Placement.

So, with that, WHAT'S WITH this $25 Million PLUS 9.26 Million Warrant exclusive Sole Source Private Placement? 40% of the Company.

And to have it out there that it is the BMO Sponsored Recipients that proposed this Private Placement to the Company. NOT the other way round!

Where is the EXPLANATION from Management?

Not being difficult!

Just being a very interested, still in the dark, Shareholder.

And in doing such a Company Changing Private Placement, WHO are the BMO Sponsored Sole Source Recipients?

Conviently, ALL intending to hold just under 10% of the Share Float, though ALL Recipients being RELATED due to HIRING/CONTRACTING one Representative, that being no less than BMO, to PITCH their PLAN.

Current Probe Mines Shareholders will not be introduced to our new fellow Shareholders, let along having a say in the matter.

Old Joe

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