lowtrade

[lowtrade]

NBRI

I'd be more interested in the funding and share structure deals just happening. You may be excited about the (Never believe the PR. Trade retail reaction to it !), news you just posted. But I'm looking at the OTC game setup. Which creates the News story to be released.

July 14 JSJ Investments Inc got 14 mil and July 22 Tangiers Capital LLC reported having 14 mil. Question is was there a reassignment deal between VC's or are they separate issues by North Bay? But either way, there is 7 to 14% dilution now available for sale!

Not sure how or if the transfer of mining rights @ the Brett West Claims have any stock price effect. But North Bay is working toward trench funding over the next 6 months. To raise $250k from a VC debit and $300k cash & $300k stock of Ximen from a claim sale.

Looks to me you could finally be getting the manipulated run you've been waiting for. Not saying NBRI is running a scam, probably not given the type of funding their working to get. But honest companies have to get in bed with the devil to raise business cash also. And even if North Bay is trying to grow it's business plan. They are releasing the Darkside on retail just the same.

IMO strong watch for a darkside play at NBRI now. Chart wise it's hit bottom funding level, had it's attention pop and started it's help the VCs get their ROI, with the first smoke and mirror PR. The game is afoot Watson.



DEALS:
-------------------------------------------------------------
July 14
Effective July 14, 2014, the Registrant issued a $250,000 Convertible Promissory Note ("the Note") to JSJ Investments Inc. ("JSJ", or “the Lender”). The interest rate on the Note is 10% per annum, and the Note has a maturity date of six (6) months from the Effective Date.

Note. The initial tranche received from this transaction was $100,000.

The Conversion Price is at a 42% discount to the average of the three lowest VWAPs on the previous twenty (20) trading days that would be obtained if the conversion were to be made on the date that the Note was executed.

Lowest VWAP .0116 -42% = .0067 ($100k / .0067 = 14,925,373 shares


July 15
Effective July 15, 2014, the Registrant (“North Bay”) executed a mineral property option agreement (the "Agreement") with Ximen Mining Corp.

Under the terms of Agreement, Ximen Mining Corp may earn up to a 100% interest in the Brett West Claims by making aggregate payments to North Bay of USD $600,000, consisting of $300,000 in cash and issuing $300,000 in shares of Ximen common stock. Of the aggregate payments, $100,000 in cash and $100,000 in stock are due upon receipt of regulatory acceptance of the agreement by the TSX Venture Exchange, and equal payments of $50,000 cash and $50,000 in shares of Ximen stock are each due upon the 1st, 2nd, 3rd, and 4th 6-month anniversaries of the Agreement.


http://www.4-traders.com/XIMEN-MINING-CORP-1409821/news/Ximen-Mining--First-Tranche-of-Ximen-Private-Placement-Closed-18808081/

About Ximen Mining Corp. JULY 28 PR
Ximen Mining Corp. owns 100 percent interest in its two projects, Gold Drop Project and Brett Gold Project located in southern British Columbia. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is A1W2EG as well in the USA on the OTCQX under the symbol XXMMF


Ximen chart
http://stockcharts.com/h-sc/ui?s=XIM.V&p=D&yr=0&mn=2&dy=0&id=p75527115000

July 22
Statement of Ownership (sc 13g)
VC firm: Tangiers Capital LLC

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,949,193 ¨
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.16%