Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

Free
Message: Re: more results we didn,t get?
9
Mar 13, 2014 02:45AM

OVERALL PERFORMANCE

During the prior year ended March 31, 2013, management determined that the resource industry would be the best choice for its Qualifying Transaction, and that to acquire a meaningful asset in the resource field more capital would be required. To that end, the Company announced and closed funding of a 7,387,500 unit private placement priced at 0.08 per unit, raising $591,000 of gross proceeds.

With these proceeds the Company optioned an interest in two mineral properties, the Dot-Apex property in B.C. and the Chance F claims in Peru. After optioning these properties, in light of both disappointing initial results and the decrease in market interest in funding exploration programs, management decided to return both properties to their Optionees. Management is now focused on locating an undervalued resource asset for acquisition.

Share
New Message
Please login to post a reply