The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
A Princely Somme for Queenston
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Struthers Resource Stock Report (11/08/2010)
"Great news with QMI; last week Agnico-Eagle Mines Limited entered into a Subscription Agreement with QMI to make a strategic investment of C$35M in Queenston by way of a non-brokered private placement of units. Under the terms of the Subscription Agreement, Agnico-Eagle will purchase a total of 6,603,774 units at C$5.30 per unit for proceeds to Queenston of C$35M in cash. Each Unit consists of one common share and one half of a share purchase warrant of Queenston. Each whole share purchase warrant entitles the holder to purchase one common share of Queenston at $6.45 for a period of 36 months. . .QMI also announced drilling results from six new holes completed on the 100%-owned Upper Beaver property located in Kirkland Lake, Ontario. The Upper Beaver deposit contains total indicated National Instrument ("NI") 43-101 mineral resources of 1,373,500 t grading 8.5 g/t Au (375,000 oz.) (9.7 g/t Au uncapped (427,900 oz.)) with 0.43% Cu and total inferred resources of 1,061,300 t grading 7.7 g/t Au (262,800 oz.) (8.5 g/t Au uncapped (291,300 oz.)) with 0.39% Cu. The stock was trading around $4.70 before the Agnico Eagle news so their financing at $5.30 was at a significant premium to the market. Upon completion of this investment Queenston’s cash position will be approximately $70 million. The Company has 14 drills operating in the Kirkland Lake camp focused on mineral resource definition, advanced exploration and grass roots exploration."
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
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