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FIORF: GRP Minerals will acquire all of the issued and outstanding shares of Fiore Exploration on the basis of 0.265 shares for each 1 share of the Company.
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
Fiore Exploration : FINANCING UPDATE
traders
http://www.4-traders.com/ROUGE-RESOURCES-LTD-2321779/news/Fiore-Exploration-FINANCING-UPDATE-24756067/
Release date- 13072017 - Vancouver, British Columbia - FIORE EXPLORATION LTD. (TSXV: F.V) (OTCQB: FIORF) ('Fiore'). Fiore is pleased to announce that is has amended the terms of its subscription receipt financing which was previously announced on June 15, 2017 to now include a share purchase warrant.
The financing, which is being done concurrently with Fiore's business combination with GRP Minerals Corp consists up to $17 million of subscription receipts. Each subscription receipt will convert immediately prior to completion of the business combination into one unit of Fiore, each unit now consisting of one common share and one share purchase warrant exercisable for a period of three years from completion of the business combination into a common share of Fiore at $0.45 per share.
The net proceeds will be used for expansion of the Pan Mine leach pads, drilling at both Pan and Gold Rock, general corporate expenses, working capital and production expansion. Proceeds from the financing will be placed in escrow pending completion of the business combination and satisfaction of the escrow release conditions.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
http://www.4-traders.com/ROUGE-RESOURCES-LTD-2321779/news/Fiore-Exploration-FINANCING-UPDATE-24756067/
Interesting read on Gold,,,,http://finance.yahoo.com/news/trump-sets-stage-huge-gold-233000938.html
chevy56
GLTA
...Fiore Exploration (TSX:F.V; OTC:FIORF) has acquired one of the most attractive exploration packages in Chile—the hottest metals venue in the world.
The beginning of the gold turnaround came last year, but today--as global crisis hits fever pitch--we’re looking at a bull run that will be bigger than anything we’ve seen in decades.
We are again at the point of urgency for getting in on gold, and there is no better venue than Latin America—the leading growth continent for the precious metal....
http://oilprice.com/Energy/Energy-General/Trump-Sets-The-Stage-For-A-Huge-Gold-Rally-This-Spring.html
Naw, just little interest, thanks to those participants ;).
FIORF$
Gettin' too stupid anal - 15F
Fiore Exploration Files to Terminate SEC Reporting Obligations Continues US Trading on OTCQB
http://finance.yahoo.com/news/fiore-exploration-files-terminate-sec-210000074.html
VANCOUVER, BC / ACCESSWIRE / April 12, 2017 / FIORE EXPLORATION LTD. (TSX-V:F.V) (FIORF) ("Fiore" or the "Company") is pleased to announce the acquisition of the Rio Loa gold exploration project in the prolific Maricunga Belt of Chile (Figure 1).
Tim Warman, Fiore's CEO, stated, "The Rio Loa property shows strong evidence of a high-sulphidation gold-mineralizing system, with well-developed alteration and geochemical anomalies. Rio Loa is particularly interesting because of its proximity to Gold Fields' 3.3 million ounce Salares Norte discovery, currently one of the highest-grade gold deposits in the Maricunga Gold Belt. The acquisition of Rio Loa follows our strategy of evaluating, acquiring and exploring undervalued assets in known mining districts hosting multi-million ounce deposits."
Rio Loa
Rio Loa is located in the northern part of the prolific Maricunga gold belt, which boasts more than 100 Moz of gold in reserves, resources, and past production. Recent exploration success at the northern end of the Maricunga belt is highlighted by Gold Field's Salares Norte gold-silver oxide discovery, with Measured and Indicated Resources of 3.3 Moz gold at 3.9 g/t and 42.1 Moz of silver at 48.9 g/t. Salares Norte has delivered some notable drilling results for Gold Fields including hole SNDD017 which returned 132 m at 53.2 g/t gold and 59.3 g/t silver.
Fiore's new Rio Loa property is located approximately 25 km south of Salares Norte (Figure 2), and can be accessed year-round by road. This 1,000 Ha property has seen minimal exploration and no drilling, but previous work has identified moderate to strong silica-argillic alteration and oxidized vuggy silica characteristic of high-sulphidation gold deposits. Rock chip sampling of trenches and outcrops by previous owners identified extensive strong anomalies of arsenic, antimony, lead and weak gold in trenches and outcrops. Alteration mapping using ASTER satellite imagery shows an alteration pattern interpreted as a mixture of advanced argillic (alunite), iron-oxide and silicification within the property limits. The geochemical response and alteration pattern at Rio Loa is similar to the geochemical responses on other high sulphidation deposits within the belt such as at Salares Norte and Kinross' La Coipa mine.
Since much of the property is blanketed by younger rocks, initial fieldwork will begin later this year, focusing on erosional windows that reveal the underlying Miocene hydrothermal breccias and acid volcanic rocks that are the target of exploration. Mapping and sampling, utilising surface infra-red spectrometer measurements (TerraSpec) is planned to delineate the various alteration zones and the extent of the alteration system, in order to prioritize areas for follow up drilling later in the year. Geophysical surveying will also be used to identify targets beneath the younger cover. A previous, widely-spaced reconnaissance IP survey showed resistivity and chargeability anomalies coincident with the known alteration, but also extending beneath the younger volcanic cover.
Acquisition Terms
Fiore can earn 100% of the Rio Loa project by:
making cash payments of US$35,000 upon signing of the definitive agreement, US$30,000 one year from signing, US$50,000 two years from signing, US$80,000 three years from signing, and US$820,000 four years from signing;
completing US$500,000 of exploration work, including best efforts to complete 2,500 metres of drilling within the first 15 months of the agreement;
assigning the Vendors a 2.0% Net Smelter Royalty ("NSR") on the Property. Fiore will have the right to repurchase 50% of the Royalty (1.00% NSR) for a payment of US$3.0 million;
making discovery payments ranging from US$2/oz to $5/oz of Measured and Indicated, NI 43-101 compliant gold resources, to a maximum of US$5 million.
Technical Information & Qualified Person
Vern Arseneau, P. Geo., Fiore's VP Exploration, is the Qualified Person who supervised the preparation of the technical data in this news release.
About Fiore Exploration
Fiore Exploration is a Latin America focused gold explorer whose projects in Chile include Pampas El Peñon and Cerro Tostado adjacent to Yamana's flagship El Peñon gold-silver mine, and the high-sulphidation Rio Loa gold project in the prolific Maricunga Gold Belt.
On behalf of FIORE EXPLORATION LTD.
"Tim Warman"
Chief Executive Officer
Contact Us:
info@fioreexploration.com
1(416) 639-1426 Ext. 1
www.fioreexploration.com
sexy vids
Hopes are high, but when it comes to drilling a hole in the ground and seeing what can be found, one never knows exactly what will be the outcome. While penny stocks are HIGH RISK, occasionally a company does hit paydirt.
I like that Fiore does seem to have a management team that has a lot of experience, some of the individual(s) of which have been very successful. But I've seen a lot of these companies come and go. And when their charts get into a downtrend, they can turn into a bottomless pit.
So, speaking with a lot of experience, I recommend that no one invest any money that they aren't able to lose - in its near entirety.
Volume is still increasing. Seems like an interesting play but the drop from October on barely any volume seems odd to me
ROUGF changed to FIORF:
http://otce.finra.org/DLSymbolNameChanges
Rouge Resources Ltd. changed to Fiore Expl Ltd.
http://otce.finra.org/DLSymbolNameChanges
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