What the Venture is signalling is astounding…
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Jon, I infer from your recent comments that two significant current recommendations are about to transition to the next phase of their evolution. Visionary leadership at GGI.V and CCW.V have assembled substantial properties, generated sufficient funding to drill to demonstrate their home run potential, an ongoing step, but will soon need significant fund raising for the next phase. This is the time to bring in the A teams of proven exploration and development professionals accompanied by the dollars that will only flow if proven disciplined TEAMS can provide confidence in sustained multi-year advancement. ( Restructuring along such lines might be quite different at GGI.V, since they have multiple projects in Canada,plus other prospective projects in Mexico.)
To be more direct, am I correct that you believe that such steps are already under discussion at both firms and are liikely to be successfully accomplished in the near future?
P.S. kudos again to BMR for two biotech’s: Sona and Dyadic. Thanks!
Boz67
Comment by Boz67 — June 28, 2020 @ 7:37 am
That’s a fair assessment, Boz67, and I’m confident some major steps are coming soon in each case…
Comment by Jon - BMR — June 28, 2020 @ 9:07 am
$6 million PP should wrap up quickly…
AURAMEX CONFIRMS CONSOLIDATION
Auramex Resource Corp. has received approval from the TSX Venture Exchange to consolidate all of its outstanding common shares on the basis of five preconsolidation common shares for one postconsolidation common share as announced on June 8, 2020.
AUX’s common shares will commence trading on a consolidated basis at the market opening on June 30, 2020 (the “Effective Date”). The new CUSIP for AUX’s consolidated Common Shares is 051527307.
AUX currently has 58,068,899 Common Shares issued and outstanding. As at the Effective Date, AUX will have approximately 11,613,780 Common Shares issued and outstanding. Any fractional interest in Common Shares resulting from the Consolidation will be rounded down to the nearest whole common share. Registered shareholders will receive a letter of transmittal from Computershare Investor Services, AUX’s transfer agent, with information on how to replace their old share certificates with the new share certificates. Brokerage firms will handle the replacement of share certificates on behalf of their shareholders accounts.
About Auramex Resource Corp.
AUX is exploring the past-producing Georgia River high-grade gold mine located 16 kilometres south of Stewart, BC in the prolific Golden Triangle. Georgia River was explored from the 1970s by several companies with the intent of restarting the mine, but this historic work only focused on the area hosting the existing mine workings. Work by AUX over the past few field seasons has generated compelling evidence in support of a large intrusion-related gold target adjacent to the area of previous work. Field crews have mobilized, and contractors are being selected to facilitate the 2020 field program which will involve drill testing the newly defined high-grade gold target.
We seek Safe Harbor.
Comment by Jon - BMR — June 29, 2020 @ 4:06 am