Tradeable Float is 7 million and the O/S is 75,237,000
Current Price is .038 the stock price will more than double by next week Friday as many traders did not understand that this stock was indeed trading yesterday even though they saw 0 volume reflecting yesterday during the day.
GPHYF Volume Exlanation:
People have been asking why they can't see volume on GPHYF
Its because its a Foreign Trading Stock not registered with the SEC Filings. It costs a lot of money for out of country stocks to take those appropriate actions. Some stocks that are 5 letters long ending in a "F" do have their volume reported live on the US markets becaue they are registered with the SEC.
I talked to IR for GPHYF and he said in 5-10 days you can go to the following site http://www.cnq.ca/
for accurate volume information
I hope this helps. So once again you will not see any sized trades go through or a volume count until the eod when its updated. What you will see is Live MM Line up on L2. Don't let this push you away from trading a good high potential stock.
Press Release Source: Geophysical Prospecting Inc.
Geophysical Prospecting Inc. discovers kimberlite pipe target on Corbierre claims
Thursday June 29, 11:57 am ET
TORONTO, June 29 /CNW/ - Geophysical Prospecting Inc. ("the Company", Pinksheet symbol GPHYF) is pleased to announce that the Company has received the dataset from an airborne geophysical survey using Mining Magazine's 2005 exploration-equipment award winner, Geotech Airborne Ltd's (www.geotechairborne.com), VTEM system on the Company's Corbierre leases in Wawa ON. The claims, covering 1,000 acres, are structurally located 4 kilometers northeast of Dianor's (DOR-V) major diamond discovery in Chabanel Twp.
A number of discrete magnetic anomalies are detected and Keating coefficients calculated by Geotech confirms that one is a priority kimberlite pipe target, which warrants ground follow-up. Electromagnetic conductors detected on the property have conductances and signatures consistent with base metal deposits and these will also be evaluated during the summer program.
GPI's Chairman Tony Dwyer said "The discovery of the kimberlite pipe target in an area surrounded by diamond discoveries provides the basis for an exciting exploration program for the summer months."
The Company is analyzing and planning a ground exploration program for the coming months to further explore the kimberlite potential of the targets identified and prospective base metal potential. Additional information on this geophysical groundwork program and other Company initiatives will be released in the near future.
This news release contains certain "forward-looking statements," such as statements that describe the plans, objectives, and goals of the management of Geophysical Prospecting Inc. Forward-looking statements are necessarily subject to a variety of risks, uncertainties, and other factors that could cause actual events or results to differ materially from those expressed or implied by these forward-looking statements. The reader is cautioned not to place undue reliance on forward-looking statements.
No regulatory body has reviewed the adequacy or accuracy of this news
Geophysical Prospecting Inc. has 75,237,000 common shares
issued and outstanding. The Company's shares are traded on the Canadian Unlisted Board (CUB) under the symbol GPHY and on the Pink Sheets (United States) under the symbol GPHYF. SEC 12g3-2b File Number: 82-478. CUSIP No. 37250R109
For further information
Mr. Owen V. (Tony) Dwyer, CEO, Telephone (905) 726-8585
Geophysical Prospecting Inc. (“Geophysical Prospecting Inc.”) is in the business of prospecting for natural resource properties that have the potential for significant new mineral discoveries. The Company will conduct geophysical prospecting of large open land tracks in Canada using advanced airborne geophysical technology tools.
Geophysical Prospecting Inc.’s strategy to concentrate on exploration is a long-term undertaking. The Company's plan is to locate potential resource properties followed by staking open ground for further exploration or sale. GEOPHYSICAL PROSPECTING INC.’s President Exploration Geologist John Archibald will be responsible for developing, implementing, and directing the exploration programs.
Geophysical Prospecting Inc. proposes to fund the exploration with flow-through share financings. A flow-through share is an equity finance mechanism that allows an exploration company to obtain favorable financing for expenditures on mineral exploration and development in Canada while delivering a 100% TAX write-off to the Investors.
The Company strategy is to identify potential targets that warrant further exploration utilizing geophysical prospecting techniques. The use of highly advanced geophysical instruments and recently developed computer software programs has revolutionized the way prospecting is carried out.
Airborne geophysical surveys are specialized procedures. The nature, scope, and cost of these methods dictates that only specialized contractors can provide these services. The cost of airborne geophysical contracts is tens of thousands of dollars. The production by length or area of airborne surveys will compete with surface geophysics because of the large dimensions covered by airborne platforms.
Selection of airborne geophysical contractors is analogous to other geophysical services. The airborne geophysical contractor must have experience, equipment, and documented results from prior airborne services.
A combination of innovative financing and advanced geophysical prospecting will place the company at the forefront of independent mineral exploration in Canada.
Geophysical Prospecting Inc. has acquired a four claim mining lease in Corbierre Township northeast of Wawa, Ontario. The claims cover 720 acres or four square kilometers. The lease was purchased from Mr. John Archibald, the Company's new President, for stock and a production royalty. The lease is a sub-lease from Cedar Falls Inc. the Canadian entity holding the mineral and surface rights assets to the former Algoma Railway lands. These claims cover the entire infrastructure of the former past producing Josephine Iron Mine developed by Cominco and operated by the Algoma Ore Division of Sault Ste. Marie. These claims are structurally located 4 kilometers northeast of and on strike of Dianor's diamond discovery in the Wawa area and occupy similar geological structure and volcanic sequences observed covering the Dianor ground. This is the first acquisition by Geophysical Prospecting Inc. in its quest for significant land packages in Canada under its working mandate of utilizing geophysical prospecting methods for acquiring new ground.
Board of Directors
O. V. Tony Dwyer - COB & CEO
Mr. Dwyer has been involved in the investment industry since finishing school in the late 1960's. In 1983 he started his first investment firm and grew it over the next ten years to become the 12th largest in Canada with over 100 employees. He sold the firm to Canada Trust, and opened a new investment firm.Subsequently suffering a serious medical event ,Mr Dwyer sold the new investment business and purchased a substantial equity position in GPI (formerly Silverspar Minerals).
Mr. Dwyer operates the company as Board Chairman and CEO.
Formal-St. Michaels College
Canadian Securities Course 1965
Principles and Practices of Investment Finance in Canada 1966
Registered Representative Certification 1966
Qualified Shareholder Certification 1974
Officer and Directors Certification 1975
Registered Options Principal Certification 1976
Options Rep certification 1977
Seat holder-Toronto Stock Exchange 1984
Vancouver Stock Exchange 1986
The Art of Negotiation" Certification New York 1985
Governor-Computer Assisted Trading System-Toronto Stock Exchange-1988
Ethics management Certification 2005
Technical Analysis Certification 2005
John Archibald - President
Mr. Archibald is a professional Exploration and Mineral Resource Geologist, with over 30 years experience in all aspects of mineral Prospecting and Exploration. Mr. Archibald has worked with several industry majors including Noranda, Hudson Bay and Homestake. He also provides a wealth of knowledge and experience in the area of junior public companies.
Education & Associations:
Honours, Bachelor of Science in Geo. from Carleton Un.-1973 – (H.B.Sc., Geol.)
Fellow in the Geological Association of Canada (FGAC) since 1982
Past memberships in C.I.M.M., O.P.A., P.D.A.C., Cdn. Geotechnical Assoc.
Ontario Association of Professional Geosciences – A.P.G.O.
2 yrs. In Geological Engineering @ Un. of Toronto
Cliff A. Jones - Vice President of Corporate Development
Mr. Jones has been an advisor to both small and large business operators, who require assistance in recapitalization and business restructuring, for over 15 years. He has been involved in the public markets and has a proven track record of raising equity capital, sourcing and executing mergers and acquisitions as well as public and investor relations.
ADVISORY BOARD (AB)
The AB serves to make recommendations and/or provide key information in all aspects of prospecting to the Management. The members are highly experienced individuals who bring unique knowledge and skills to GPI.
John Archibald (Advisory Board Chairman)
bio information above
Mr. Lynn Moxham started his career with Geological Survey of Canada and moved on to a number of Canadian mining and resource companies. In 1970, he joined the Mineral Resources Department of the United Nations and worked on mineral development and resource appraisal projects in Korea, West Africa, Burma, Chile, Argentina, India and Haiti. Later he spent several years at a mining consulting and investment house engaged in exploration and mining. He established his own consulting practice specializing in exploration programs in 1985. Mr. Moxham has a Ph.D in Geology from the University of Chicago and is licensed as a Professional Engineer and a Professional Geologist in Ontario, He is a member of the Canadian Institute of Mining and Metallurgy and the Society of Economic Geologists.
John P Rapski
Mr. Rapski has been a licensed professional prospector for 30 years. He has prospected throughout Canada and the US. Mr. Rapski owns and operates a professional Claim Staking Group in Northern Ontario.Mr. Rapski has substantial junior public company experience. Mr. Rapski BES graduated from Waterloo University in 1967 .
Mr. Bob Lo has is a Geophysical Consultant, with over 20 years international experience in all aspects geophysical methods as applied to mineral exploration. His clients include major mining companies and junior exploration firms as well as geophysical contractors. Bob has held positions of Vice-President of Scintrex Ltd., Chief Geophysicist of Aerodat Ltd., Senior Geophysicist of MPH Ltd., Senior Geophysicist of Inco Ltd.
Mr. Bob Lo obtained a MBA from Laurentian University, and M.Sc., & B.A.Sc. degrees (geophysics specialty) from the University of Toronto. He is a licensed engineer in Ontario with a certificate of authorization.
Mr. Bob Lo is a member of the Society of Exploration Geophysicist serving on the Mining and Geothermal Committee, a member of the Canadian Exploration Geophysical Society, and a member of the Prospectors and Developers.
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