AGT now BRD after merge, R/S. Thanks Southpen for that info.
Triton Signs Irrevocable Letter of Intent to Acquire Control of Advance Gold Technology ("AGT")
IBURON, CA--(Marketwire - December 9, 2010) - Triton's (PINKSHEETS: TTDZD) management announced today the signing of an Irrevocable Letter of Intent to acquire 51% control of Advance Gold Technology ("AGT") of Delaware. Under this acquisition AGT will become a wholly owned subsidiary of Triton Distribution Systems, Inc. Triton will exchange 20,000,000 restricted shares for 51% of the outstanding equity of AGT. Final agreements will be executed by January 15, 2011. The acquisition will require shareholders approval from both companies.
Universal Holdings of Beijing, China will provide any necessary capital to Triton Distribution Systems, Inc. to expand its operation and to complete the AGT acquisition together with future planned acquisitions in several industries that need the technology developed by Triton for 5,000,000 common shares of Triton.
AGT is currently a profitable mining services company, offering a full suite of mining services including: Contract Mining, Contracting / Construction, and Fabrication and Machine Services. AGT estimates total earnings for calendar year 2010 to reach $35 million in revenue and $15 million operating income. Additionally the company owns 49% of REP BEREZOVSKOYE, a well established Russian mining company located in the north of Russia. ADT estimates revenues to reach $55 million in 2011 with $20 million in operating income.
At the closing, Triton will purchase 51% of all issued and outstanding stock of AGT. This will result in a controlling interest of Triton over all the assets related to AGT, including all inventories, all intellectual property, all accounts and notes receivable, all contracts and agreements, all equipment, all legally assignable government permits, and certain documents, files and records containing technical support and other information belonging to the operation of AGT.
The existing Management of AGT will remain responsible and have exactly the same authority as previously appointed, to manage, make decisions, and run overall the day to day operations of AGT.
About Triton Distribution Systems: Triton Distribution Systems is an Internet-based software engineering company for electronic distribution of inventories in diversified industries from shipping to travel and from mining to transportation, hospitality and medical.
Triton's transfer agent Action Stock Transfer Corporation announced today that it has received all the stock certificates from the depository Trust Corporation ("DTC") to be exchanged for the new certificates under the new CUSIP number approved by FINRA for the November 17, 2010 Reverse Merger. The new certificates were FDERAL EXPRESSED to DTC yesterday December 8, 2010.
FORWARD-LOOKING STATEMENTS This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. The company's operations and business prospects are always subject to risk and uncertainties.
Triton Distribution Systems, Inc.
Paid , Try the new board next time.The share structure the BRD ,board is saying is wrong,NO doubt about it. 186 ,fully diluted as of today. is correct. If all warrants ,and or options are exercised the company will have 65 million in cash.plus revenues from the gold. Talked to IR today.News coming soon about some clarifications.They are aware of the misprints on many boards and will work on changing . BRD
Was there a R/S here?
Got a chance to take a look at some of the stuff on the new website as well as the presentation. I am very impressed, now if some other folks could see something like that maybe they could understand my opinions. Yes I know a lot of this stuff comes from the old AGT site but there is some easy to follow answers if folks have any questions. I will have to get some more time to look at it in depth, almost makes me want to add some. However I have a core position and will only trade around that for the time being if the opportunity presents itself. GLTA
I will have to take a look at it. I haven't been to the BRD site since they merged and R/S. Can't do much right now as I don't have a monitor free. Very busy, maybe latter tonight when things slack off a bit if I am not to tired. I don't expect to have any free time during the day this week as I am watching and moving a lot of bigger stuff around. For some reason money just does not come easy to me, I have to work for mine, and that is just not fair. LOL
PAID, You gotta go to the BRIGUS home page ,clic on the presentation,its so detailed and so easy to digest.I am having a lot of Microsoft problems which is screwing up the presentation for me but I still get some pages full.whats really interesting is that the 129 m shares out,then another 47 million in warrants etc ,many of which or all ,not sure, have time to be exercised.That would bring another 63 million in which could be a large part of the cash to get the Saskatchewan property up and going. (100) guess million).These guys got 5 great properties. its like having a pizza and your only taking a few bites out of the first piece.The only drawbacks are the debt and hedge.Debt down to 46 mil..Best for you to sit down and enjoy a easy presentation.I have heard of another 12 million shares (not sure) bank finance deal which sounded bad until I understood why.Something in Canada that is beneficial to the company if the money is spent on exploration and or development of BF underground mine. This is the real deal and I do not own enough shares but I think your right in that it will take a while for this to become a literal gold mine.
Your right PAId,there was forecasts for over 100,000 per year but it just has not materialized.I think there was a problem with grades but that has gotten better.no mine ,no matter how much drilling is fool proof.The life span of Black Fox is only about 8 years but when they tunnel right through to pike river it can add many more.No need to start a new mine. If there were no problems it would be worth a lot more. You have that many after the RS.good for you. Dont worry about exact figures with me.I am not the SF police.We are trying to establish value for our companies and give and take is the whole point.I phone them up and will constructively criticize them and I think they have a great future. They want shareholder thoughts.
Gee, I dunno but that number would seem a little low to me. I am just going by memory here but I was sure we were supposed to be somewhere around 115000 oz/year. Now don't quote me on that or hold me to that number, like I say I am going by memory and heck I couldn't even remember it was Black Fox instead of Grey Fox. They say as you get older you lose brains cells quite rapidly and I am getting up there.I will have to do some digging backwards to find the numbers that I have somehow stuffed in my head, however I agree 18000 ozs is nothing to sneeze at.Perhaps it is time for me to spend a little more time here and get myself back up to date on the workings of BRD, I guess I still have 12,500 shares here, not much but could be worth something one of these days..I will do some digging, won't be tommorrow but will get to it as soon as I can. JMO
I have talked extensively with Sean Tufford at the Canadian office .Good guy. Its that damn deal they are trying to shake.The hedge is why they have problems with share price imo but they produced 18,000 ozs of gold last quarter which is really impressive.The properties just keep getting better.Thats my perfect storm for a junior miner. Good solid production with lots of future potential
Total agreement on your views for Brigus future. I guess in my previous PMs I talked about Grey fox where it was supposed to be Black Fox. Like I said I had ignored this for just a little longer than I should have, kinda set it on the back burner and forgot about it. I don't think it was a mistake with the financing at the time, it gave us the opportunity to proceed at a time when no other options were on the table. Sure it was extremely costly but we are considerably further ahead today than we would have been had we waited for financing with more favorable terms and quite possibly never got it anyway. I am just hoping that now that we are sitting at that magical over a buck number that institutional buying starts to show some interest. I guess my outlook now is to give these new boys a chance to prove they can make it shine, they certainly have a well set base to work from, no reason it can't be a real sweetheart in a year or two. JMO
Brigus gold I talked to U.S. arm of IR. The focus is on Black fox,nothing else.They expect for production to grow and the underground mine be running by 4rth quarter. Headquarters will be in Halifax.David Russell is out (sad) David is a mine engineer and I think is the great reason AGT was able to get Black fox up and running.What David IMO did not do was make a good deal for the financing .In hindsight maybe they could have waited but hindsight is always 20/20 after the fact.He also got the Pike River and grey fox properties ,the mill from St andrews,all great purchases.Those damn bankers in australia are the only reason this company is not pushing at 3 bucs a share. IMO Sorry to see David Russell gone but Brigus guys are money guys and thats really what BRD needs right now.The future is bright and this stock will do well when the merger shake up clears.
On Friday after the close it was announced that AGT consolidated with other mining companies to form a new public company, Brigus Gold (AMEX: BRD). Along with the consolidation and name change, the company conducted a 1-for-4 reverse stock split. After gapping lower in the morning and opening at $1.20, it managed to rally to an intraday high of $1.30. People used this opportunity to close our trade.
AGT sold off sharply on Tuesday, which was not unexpected. The stock managed to find support at $0.31 and closed modestly higher at $0.32. The sell-off was accompanied with lower volume, so this could be more a sign of profit-taking than a reversal of its recent uptrend. I would remain cautious as gold remains below its recent highs.
AGT recommended purchasing this stock when it was trading at $0.28 and of Friday it hit a high of $0.337. That is a decent gain of 20%. If gold prices continue to move higher people should see a continued rise in AGT. The fact that Friday’s close was above short-term resistance at $0.33 is an indication that the stock should test the next resistance level at $0.36.
The strong move in gold prices helped push AGT higher. Despite spending most of Thursday’s session directionless, the stock managed to close at its high of $0.032. This appears to be a medium resistance point and a break of this should trigger another strong upward move.
As people pointed out earlier, AGT is extremely sensitive to gold prices. After a volatile session the stock managed to close the day in neutral territory at $0.31. People could see some more profit taking if gold prices remain range-bound in the next few sessions.
Strong gold prices provided some momentum in AGT as it tested resistance at $0.32 on Tuesday. What is interesting about this stock is that most of the buying pressure is occurring at the end of the day. Volume is starting to grow so a break of $0.32 could create very strong buying pressure. If people see a strong open today, people would expect this stock to re-test its recent high of $0.37 in the near-term.
AGT is the third stock that is showing us some fair profits. People recommended buying the stock at $0.28 and on Monday it managed to rally to a high of $0.31. That is a gain of almost 11%. After the strong rally in the morning, people started to see some profit-taking but a drop to a low of $0.295 created renewed buying pressure and that drove the stock back into positive territory.
People are seeing further gains in AGT. On Friday the stock tested resistance at $0.30 and if gold prices start moving higher, people could see this price break in the near-term. This stock is extremely volatile and sensitive to gold prices so people could see investors start to take some profits in the near-term.
AGT continues to find strong support at $0.28, which is helping to attract some buyers. The stock opened at $0.29 and fell to support. However buyers were able to push the stock back to its opening price. If volume remains strong, this stock could find some traction and move higher. A break of $0.30 would trigger a very bullish move.
AGT, a listed gold stock people are watching, gapped higher at the open but after gold prices started to slide, it could not hold onto its momentum. Then a drop to $0.28 created a very strong buy signal and investors jumped back into this stock and pushed it to a closing price of $0.287. If gold prices can recover and move higher, this stock should continue to perform well.
AGT broke below support at $0.28 and hit a low of $0.272, but that price provided a very good entry point for investors as the stock then rallied to a high of $0.298. The stock ended the session at $0.285 but I think people should see Monday’s momentum carry forward to today’s open.
Another gold stock I have been watching lately is AGT, a listed stock. It has weakened over the past month, but the sell-off was made on lower volume. If the stock can find some traction, I think we may see some impressive gains. But you need to wait and watch for signs of buyers entering the marketplace.
Hey Paid, Glad to see you have interest in mining companies that actually produce something. I noticed you on a board of a Idaho upstart. Try and help some of them ,they need it. As far as AGT is concerned I like the future here better than any other junior.I know that area of the Black Fox Mine and the labour is top notch. Northern Ontario mining communities are amongst the best in the world. BF resource/reserves are not huge but the ajoining properties PIKE RIVER and GREY FOX are loaded and the neighborhood people will bust a gut to keep those properties mining successfully. Its really a no lose situation. Nice thing is that with the merger thats just the beginning. This thing is down because of the share consolidation coming. That always scares people but in the near future we will have about 150 mil. out with 2 long term producers in Canada. The Dominican property is great ,the 2 Mexicans are even better. IMO
they used the wrong word instead of proposed they should have put REVERSE, this is going to take your equity holdings in AGT and bring you down 4:1
I am not taking that CRAP I'm out
"AGT news" Apollo and Linear Announce Combined Entity to be Named Brigus Gold Corp. Following Closing of Proposed Merger
DENVER & HALIFAX, Nova Scotia, May 18, 2010 (BUSINESS WIRE) -- Apollo Gold Corporation /quotes/comstock/11t!apg (CA:APG 0.35, 0.00, 0.00%) /quotes/comstock/14*!agt/quotes/nls/agt (AGT 0.33, 0.00, -1.28%) ("Apollo") and Linear Gold Corp. /quotes/comstock/11t!lrr (CA:LRR 1.80, 0.00, 0.00%) ("Linear") announce a new corporate identity and name, Brigus Gold Corp. ("Brigus Gold"), which is expected to take effect following the closing of their proposed business combination (the "Merger"), subject to applicable respective shareholder approvals.
Pursuant to a definitive agreement executed by Apollo and Linear announced on April 1, 2010, Apollo and Linear agreed to the Merger by way of a court-approved plan of arrangement. The Merger is expected to close by the end of June 2010, subject to customary closing conditions, including receipt of all necessary regulatory, court and shareholder approvals.
As a part of the Merger, Apollo and Linear believe that it is in the best interests of the combined company to effect a name change and to undertake a share consolidation on the basis of one post-consolidation combined entity common share for every four Apollo common shares outstanding immediately prior to the share consolidation. The trading ticker symbols for the combined entity on the TSX and NYSE Amex will be announced in due course.
The proposed share consolidation and name change will be submitted to the Apollo shareholders for approval at the shareholder meeting to approve, among other things, the issuance of 5.4742 Apollo common shares for each common share of Linear and other matters relating to the Merger and would only be effective upon the closing of the Merger. If approved by the Apollo shareholders, the proposed share consolidation would affect all combined entity shareholders uniformly. After giving effect to the Merger and the consolidation, Linear shareholders will receive approximately 1.37 combined entity shares for each Linear share on completion of the Merger (5.4742 divided by 4).
Wade K. Dawe, Chief Executive Officer and President of Linear, who is slated to become CEO and President of the combined entity, said, "We are proud to unveil Brigus Gold to Apollo and Linear shareholders to help brand a unique, strong and dynamic mid-tier gold investment vehicle of choice for new and existing shareholders. We plan to develop Brigus Gold into Canada's next mid-tier gold producer based on our outlook for increased gold production and resources. We believe that Brigus Gold represents a solid platform for growth in shareholder value based on: (i) growing production and cash flow from the Black Fox Mine; (ii) an excellent development pipeline of projects in low-risk operating jurisdictions; (iii) a strengthened balance sheet that positions the company to capitalize on development and exploration opportunities; (iv) a strong management team with development, operational and financial expertise and (v) improved access to the capital markets and enhanced trading liquidity."
The combined entity will focus on optimizing its key Black Fox gold operations (mine, mill and adjoining Pike River and Grey Fox properties) in the Timmins gold mining district in Ontario and advancing to production the Box deposit at the Goldfields property in Saskatchewan. The combined entity will also continue to strategically advance its Ixhuatan and Huizopa gold projects in Mexico.
Both the proposed share consolidation and name change must be approved by at least two-thirds of the votes cast at the Apollo Meeting.
Each of Apollo and Linear has called for their respective shareholder meetings to be held on June 24, 2010, with a record date for each meeting established as May 25, 2010.
My story...I don't have private email capability so I'll save it for another time. If you enjoy coins and precious metals, Paid, stop by the Precious metals investors club and chat. Interesting chart on Apollo Gold, this stock is oversold...Hopefully production will ease finance issues. Thank you all. Hanglong.
I took a little time and read some of your previous posts...We seem to be on the same page...I see you invest in physical silver as well. Pleased to meet you Paid...Hanglong.
I have been here for a long time, way before Black Fox. I can say that they certainly have a lot going for them, with all the exploratory work showing great potential on all properties. The one huge set back was having to get the financing at a extreme cost to the company, however at the time there were no other options. Now with the merger and some capital infusion to pay down some of the loan and new production slated for the not to distant future, I think we will begin to slowly move up to intermediate producer status and get some recognition that was deserved all along. I have just had to put it on the back burner and leave it there for the last while and will continue this stategy for the long term. I can see mega bucks here but it is going to be awhile yet. JMHO
New to this stock and it's board.
Hello everybody! I've been watching AGT for a while now. Figured it was time to get in before it appreciates too much. How is production at the Black Fox mine? Will the company benefit from a run up in precious metals? It's a pleasure to be here.
AGT is another listed gold stock which has managed to hold on to most of its recent gains. The stock gapped higher but managed to dip at the open. The stock found support at its 50-day moving average of $0.349 and investors took advantage and drove the stock to a high of $0.368. A break of $0.37 would be very bullish for this stock.
Apollo Gold Reports 1st Quarter Production and Black Fox Mine
Commencing Underground Development
6:51p ET May 5, 2010 (Business Wire)
Apollo Gold Corporation ("Apollo" or the "Company") (TSX: APG) (NYSE Amex: AGT) reports that it sold 15,796 ounces of gold in the first quarter ended March 31, 2010 ("Q1 2010").
During Q1 2010, approximately 2.1 million tonnes, including 190,000 tonnes of ore, was mined from the Black Fox Mine. The Black Fox Mill processed 178,000 tonnes of ore at an average grade of gold of 2.7 grams per tonne ("gpt") for a total gold production of 14,175 ounces. Total cash costs in Q1 2010, which will be reported with the Company's quarterly financial results on May 10, 2010, are expected to be between US$625 and US$635 per ounce sold.
OK, I finally found the time to put ya'll in my Ibox as a jr miner pick. Feel free o swing by my Muaythai's miners boad to see if I left anything out.Thanks
10/31/2009 ( 261,601,158 )
Hey goldisking3000 , what is the most current share structure here?