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I've been waiting for months and I will continue to wait because of the very reasons you mentioned. Seems like everything is good to go. I've never seen something where probably the best company to be in(stock wise) in a jv deal, and it be the most undervalued of the bunch. That's the way it seemed a few months ago anyway. Not sure what changes to the deals have happened since then. Multi-pennies are definitely possible imo if the company is decent about things. They need to cooperate for anything to happen though. Maybe they are.
SPMC share structure reminds me of HSCC... I mean it's super low share structure and no much volume was required to get her to 6 cents. SPMC has its value! Their JV partners are trading at multi pennies range~! Things gonna heated up soon or later.
I have a patience to wait it out.
GLTYA
And SPMC will skyrocket IMO
Nice, Carlito is here
Niceeeeeeeeee tic/tocccccccccccccccc
I feel the same way.
the range has been .0009 - .0014 for some time now. This is wound quite tight. All the company needs to do is follow through on updating its filings and it should join its partners above a penny.
Eventually all these cheap shares will be accumulated. This should be quite lucrative to all of us patient folks.
Interesting Brick. Things come together right and this one could really pull off a nice move with it's SS as low as it is.
xxxx,
Thank you for your inquiry.
The company is working on updating financials and planning work on the Eagle Nest property in Arizona in the Fall.
Best,
Tom
OTC Connections Inc.
contact@otcconnections.com
800-723-5030
www.otcconnections.com
http://www.otcconnections.com/featured.html
OTC Connections specializes in connecting investors with solid publicly trading OTC companies that are poised for substantial growth. We feature companies that are credible, transparent, and most importantly have huge gain potential. Furthermore, any company we endorse has already taken significant steps toward reaching their potential. In other words, the bottom line must show real revenues. We simply will not look twice at companies that are simply “paper companies.”
Well, now at least we have a decent spread for the first time in a very long time. Maybe something is about to happen.
What do all those random 10,000 share hits the past few weeks signal?
Maybe I ought to pay them a little visit. Could use a vacation anyway and airfares are dirt cheap.
i have several times and no response.we just have wait and hope that someday this will trade like a real deal.but the lack of communication is pathetic.imo
Has anyone else tried calling the company about the unsolicited quotes issue? Perhaps if there are numerous inquiries other than mine, that might motivate a response.
Ibox was updated with the ss info. Thanks! To date I have not heard back to my requests for information about the unsolicited quotes. I am hoping it will resolve itself shortly since we have an active SOS registration now. Paperwork seems to be getting cleaned up.
I agree. I'll take it :]
It really doesn't make much sense but any drop is good imo. lol
I thought the exact same thing... interesting!
Interesting that the OS dropped a little bit from June. I know it was small but still, interesting. This play already moves fairly easy at these low levels. Get it up and we could really float on air imo. Not sure but buying volume has moved it pretty fast generally. We'll see I guess.
Anytime!! Thanks, Have a great holiday weekend.
So there is barely no O/S change since June 22nd!
And looks like this could turn into OS MAX out fire play!!!
(from ibox)
float is 124,594,520 as of June 22nd
Subject: Re: Sparrowtech Resources, Inc. (SPMC)
Sent By
"info@selectfidelity" <info@selectfidelity.com> On: June 22, 2009 2:11 PM
Dear Sir, the total o/s for SPMC is 154,650,520 shares. the restricted
count is 30,056,000.
Great update JUICE!!! Thanks very much! Happy labor weekend to you!
SPMC TA update
Subject: Re: SPMC--Sparrowtech Resources, Inc.
Sent By
info On: September 4, 2009 10:01 AM
the total o/s for SPMC is 154,544,520 shares. The common are
124,494,520, and the restricted is 30,050,000 shares.
A/S 160M as per Nev SOS
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=0fsqWYryzfDBIUj4hyJxKg%253d%253d
Today, 410,000 share volume made 40% gain. Very thin! <<<<<<<<<<On radar now..Thx Orca!
SPMC bar chart
hi alex.
are you still holding onto this one?
Have a nice weekend!
Converge Global, Inc. Option (www.convergeglobalinc.com)
Converge Global, Inc. (PINK SHEETS:CVRG) also acquired an option from Sparrowtech to purchase a 45% Earned In Interest in the Property. Converge Global paid to Sparrowtech US$30,000. Converge Global is required to pay five million shares of CVRG Common stock by July 15, 2009, US$20,000 by September 30, 2009 and an additional US$15,000 to Sparrowtech on June 27, 2010, June 27, 2011 and June 27, 2012, respectively.
Converge Global also agreed to pay a 3% net smelter return royalty on the revenues from the production of gold and all other commodities produced from the Eagle Nest Mining Property's hard rock, lode type mineralization.
Converge Global, Inc. is an American-based junior mining company engaged in the acquisition, exploration and development of properties containing principally gold as well as other precious metals.
Uranium Hunter Corporation Option (www.uraniumhuntercorp.com)
Uranium Hunter Corporation (OTC.BB:URHN) acquired an option from Sparrowtech to purchase a 49% Earned In Interest in the Property. Uranium Hunter paid to Sparrowtech US$45,000 and five hundred thousand shares of URHN Common stock. Uranium Hunter is required to pay an additional US$150,000 toward exploration of the Property over a one year period.
Uranium Hunter also agreed to pay a 3% net smelter return royalty on the revenues from the production of gold and all other commodities produced from the Eagle Nest Mining Property's hard rock, lode type mineralization and an additional US$15,000 to Sparrowtech on April 21, 2010, April 21, 2011 and April 21, 2012, respectively.
Uranium Hunter Corporation is an exploration company primarily targeting the uranium and precious metal industries in the resource sector. Initially, the Company was founded with the focus of developing a portfolio of quality uranium exploration properties in East Africa. With the recent shift in economic conditions, Management has decided to diversify the Company's interest to include the precious metals industry.
The Eagle Nest Mining Property
The Eagle Nest claims include a previously producing Au-Cu-Ag-Fe (Gold, Copper, Silver and Iron) mine located 10 miles off Highway 95 in La Paz County, Arizona. Easy access to the mine site and a good water supply will facilitate ease of construction for a potential processing plant as well as expansion of the mine site.
Mineralization previously documented on Eagle Nest is very fine-grained to visible flaky gold, with oxidized copper ores and staining, in a linear, lenticular ore body with a steeply dipping fault zone cutting metamorphic Mesozoic, red, hematitic shale. Lenticular ore body formed from oxidation and enrichment was also found in the fault zone.
Previous workings include a 400 feet (121.92 meter) deep shaft and about 170 feet of drifts on the 100 level with some near-surface stopes. The previous mining operation on this property recorded historic productions of 1,050 tons of ore averaging about 1.07 ounces per ton gold, 1.8% copper and 2.1 ounces per ton silver.
Sparrowtech Resources, Inc. is an exploration and resource development company focused on acquiring environmentally conscious mining operations, primarily in North America. The Company's leadership team plans to identify unique opportunities to extract gold and other precious metals from previously producing mines and/or establish new discoveries in recognized gold districts. The Company's strategy follows socially responsible production by supporting improved working conditions and modernization techniques that leave little to no carbon footprint.
Another great stock with no history of reverse stock split nor toxic financing. IMHO
Sparrowtech Resources, Converge Global and Uranium Hunter Announce Results of Additional Independent Sample Testing on Eagle Nest
TORONTO, ONTARIO, Aug 05, 2009 (MARKETWIRE via COMTEX) -- Sparrowtech Resources, Inc. (PINK SHEETS: SPMC), Converge Global, Inc. (PINK SHEETS: CVRG) and Uranium Hunter Corporation (OTCBB: URHN) are pleased to announce that they have recently received the results of additional independent testing on the Eagle Nest Mining Property Claims AMC294529 and AMC294535 ("Eagle Nest") in La Paz County, Arizona from the Copper State Analytical Lab in Arizona.
Assay Results
The samples consisted of fire assays for gold and silver on pits 1, 2, 3 and the top ridge. The Copper State Analytical Lab also did a base metal analysis of the samples to determine which metals are on the property.
Pit one indicated gold at 1.920 ounces or 59.712 grams per ton. Silver consisted of 0.10 ounces or 3.11 grams per ton.
Pit two indicated gold at 1.406 ounces or 43.727 grams per ton. Silver consisted of 0.06 ounces or 1.86 grams per ton.
Pit three indicated gold at 0.064 ounces or 1.99 grams per ton. Silver consisted of 0.59 ounces or 18.35 grams per ton.
The ridge sample had showings of gold at 0.031 ounces or 0.964 grams per ton with silver at 0.62 ounces or 19.28 grams per ton.
Cornelia Volino, President of Sparrowtech Resources, Inc. stated, "These assay results demonstrate that considerable gold value may be available on Eagle Nest. Therefore, Management is currently planning to send a geologist to Eagle Nest to provide the further evaluation necessary to block the ore body and determine the gold reserves." She further stated, "By surveying the property, identifying additional test sites for cross cut evaluation and securing samples from these cuts, further assays and concentration tests can be completed to assist the geologist in providing the Company with a comprehensive geological report on the property, which will further assist us in determining the feasibility, design and location of a potential operational plant."
About Sparrowtech Resources, Inc. www.sparrowtech.net
Sparrowtech Resources, Inc. is an exploration and resource development company focused on acquiring environmentally conscious mining operations, primarily in North and South America. The Company's leadership team plans to identify unique opportunities to extract gold and other precious metals from previously producing or producing mines and/or establish new discoveries in recognized gold districts. The Company's strategy follows socially responsible production by supporting improved working conditions and modernization techniques that leave little to no carbon footprint.
About Converge Global, Inc. www.convergeglobalinc.com
Converge Global, Inc. is an American-based junior mining company engaged in acquisition, exploration and development of properties containing principally gold as well as other precious metals. Converge Global, Inc. is committed to enhance shareholder value through judicious evaluation of potential gold and other strategic properties, securing the best talent available, investing in and utilizing the latest exploration/mining technologies and placing great emphasis on an efficient, low cost corporate overhead.
About Uranium Hunter Corporation www.uraniumhuntercorp.com
Uranium Hunter Corporation is an exploration company primarily targeting the uranium and precious metal industries in the resource sector. Initially, the Company was founded with the focus of developing a portfolio of quality uranium exploration properties in East Africa. With the recent shift in economic conditions, Management has decided to diversify the Company's interest to include the precious metals industry.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sparrowtech Resources, Inc., Converge Global Inc., Uranium Hunter Corporation and members of its respective management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to each management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The respective companies undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contacts:
Sparrowtech Resources, Inc. and Converge Global, Inc.
OTC Connections
(800) 723-5030
contact@otcconnections.com
Uranium Hunter Corporation
Reno J. Calabrigo
President
(416) 915-4257
info@uraniumhuntercorp.com
SOURCE: Sparrowtech Resources, Inc. and Converge Global, Inc. and Uranium Hunter Corporation
CONTACT: mailto:contact@otcconnections.com
mailto:info@uraniumhuntercorp.com
Copyright 2009 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
< Back
AS only 150mil. This remind me of LBSU. low volume but this company has a good quality, good claims.
Look at the JV(Option sale partners. They are trading at multi pennies)
With or without momentum, she will raise at least around .006 area IMHO
Today, 410,000 share volume made 40% gain. Very thin!
very low float. imo
And yet, the other day 5 mil traded and we hit a high of .005, although I really don't know if it was real or not. The ask was thicker than usual today though. I found that a bit strange too. Although, I personally think that this one generally moves easier than most 124 mil floats do. Especially given it's lack of real trading. I really think that if the rightthings happened, we could make a move to pennyland fairly easily. However, the company seems a bit obnoxious at the moment. Not sure why or what they've got up their sleeves. I guess all we can do is wait. I realize that pps fluctuations worry me less because I bought considerably lower but I can definitely understand your frustration. Not sure what's up with it all.
float is 124 mill.this trades millions of shares a day sometimes and does not even move.today 1.6mil at the offer and what did it do?nothing.
what do you mean by too much free trading paper?
this stock will have a hard time moving up,too much free trading paper out thereimop
i am not saying he is a joke.this company has done nothing.it is not even properly quoted and management does not return calls.i have left 8 messages and not one call back.
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Sparrowtech Resources, Inc.
100 King Street West, Suite 5700
Toronto, ON M5X 1C7
Tel: 416-915-3176
Fax: 416-915-3177
Email: info@sparrowtech.net
http://www.sparrowtech.net
Sparrowtech Resources, Inc. is an exploration and resource development company focused on acquiring environmentally conscious mining operations, primarily in North America. The Company's leadership team plans to identify unique opportunities to extract gold and other precious metals from previously producing mines and/or establish new discoveries in recognized gold districts. The Company's strategy follows socially responsible production by supporting improved working conditions and modernization techniques that leave little to no carbon footprint
Sparrowtech Resources, Inc. plans to establish itself as a leader of environmentally conscious mining operations. We intend to identify exploration opportunities, acquire producing and previously-producing mines in recognized gold districts, while increasing productivity through improved working conditions and modernization with environmental consideration.
» Incorporated 2003 in the State of Nevada, USA
» 2004 Reverse Merger with Sparrowtech Multimedia Corporation (incorporated Florida 2000).
» Name changed on March 2007 to Sparrowtech Resources, Inc. to target the natural resources and ».mining industry.
» Pursued several acquisitions in Peru, Ecuador and North America.
» Due diligence determined alternate opportunities and/or projects would best suit Sparrowtech's ».objectives in the short and longer term.
» Additional acquisitions currently being reviewed.
Sparrowtech Resources, Inc. has entered into an agreement to acquire 100% interest in the Eagle Nest Mining Property ("Eagle Nest") from D.A.R. Mining.
The Eagle Nest Mining Property
The Eagle Nest claims include a previously producing Au-Cu-Ag-Fe (Gold, Copper, Silver and Iron) mine located 10 miles off Highway 95 in La Paz County, Arizona. Easy access to the mine site and a good water supply will facilitate ease of construction for a potential processing plant as well as expansion of the mine site.
Mineralization previously documented on Eagle Nest is very fine-grained to visible flaky gold, with oxidized copper ores and staining, in a linear, lenticular ore body with a steeply dipping fault zone cutting metamorphic Mesozoic, red, hematitic shale. Lenticular ore body formed from oxidation and enrichment was also found in the fault zone.
Previous workings include a 400 feet (121.92 meter) deep shaft and about 170 feet of drifts on the 100 level with some near-surface stopes. The previous mining operation on this property recorded historic productions of 1,050 tons of ore averaging about 1.07 ounces per ton gold, 1.8% copper and 2.1 ounces per ton silver.
History of the Bouse Mining District
The Bouse Mining District, where Eagle Nest is located, is a mid-tertiary system of epithermal mineralization, which was introduced into a stacked sequence of lithotectonic units that are located on the northern side of the Plomosa Detachment Fault. Complex epithermal gold, barite and fluorite mineralization is superimposed on earlier copper-specularite mineralization. Gold occurs in laterally extensive breccias and in steeply dipping amethystine-quartz veins. These deposits are similar to the proven and mined Copperstone and Mesquite deposits.
This District involves an important type of Arizona gold deposit, called a "detachment fault" deposit. Detachment fault deposits were first recognized as a separate form of gold deposit in the 1980's. The best example of an Arizona detachment gold deposit is Copperstone, which is about 20 miles from Bouse. It was the biggest gold discovery in Arizona in at least 50 years. Cyprus Gold profitably mined the 500,000 oz open pit resource during the 1980's. The Bouse Mining District is an historic gold producer.
This acquisition is scheduled to close in May 2009 providing management is satisfied that this agreement is in the best interest of its shareholders and sufficient financing has been secured.
Sparrowtech Resources, Inc. (PINK SHEETS:SPMC) is pleased to announce that it has completed the acquisition of a 100% interest in the Eagle Nest Mining Property Claims AMC294529 and AMC294535 and filed the Mining Quit Claim Deed in La Paz County, Arizona from D.A.R. Mining and Mr. Marvin Roe.
The Company paid the Sellers US$35,000, plus agreed to pay a 3% net smelter return royalty on the revenues from the production of gold and all other commodities produced from Eagle Nest's hard rock, lode type mineralization. The Company also agreed to initiate a work program within the first year.
The Company further announces the results of two independent assay and concentration tests completed in late 2008 at the Eagle Nest Mining Property ("Eagle Nest").
Cornelia Volino, President stated, "According to these previous independent results, Eagle Nest is considered to be mineralized with vein structure running throughout. The initial metallurgical work also suggests possible recovery by environmentally friendly closed loop leaching. We will provide details of our proposed work program as well as further sample and testing results in the near future."
Assay and Concentration Testing
November 2008 assay reports of samples taken on Eagle Nest by New Verde River Mining Co. Inc. indicate gold values of 0.666 ounces per ton to 1.100 ounces per ton and silver values of trace amounts to 0.09 ounces per ton.
Separately, Met-Solve Laboratories, Inc. ran two 7 kilo samples for concentration tests in December 2008. These tests indicated that the calculated head ore of sample one assayed at 5.3 grams per ton. After concentrating, sample one assayed at 82.1 grams of gold per ton in the concentrate. The tails had 1.7 grams of gold per ton remaining.
The tests further indicated that the calculated head ore of sample two assayed at 9.3 grams per ton. After concentrating, sample two assayed at 142.7 grams of gold per ton in the concentrate. The tails had 1.5 grams of gold per ton remaining.
About Sparrowtech Resources, Inc.
Sparrowtech Resources, Inc. is an exploration and resource development company focused on acquiring environmentally conscious mining operations, primarily in North and South America. The Company's leadership team plans to identify unique opportunities to extract gold and other precious metals from previously producing or producing mines and/or establish new discoveries in recognized gold districts. The Company's strategy follows socially responsible production by supporting improved working conditions and modernization techniques that leave little to no carbon footprint. For more information, visit www.sparrowtech.net.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sparrowtech Resources, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: Sparrowtech Resources, Inc.
Sparrowtech Resources, Inc. Cornelia Volino President 416-915-3176 info@sparrowtech.net
Converge Global and Uranium Hunter Join Sparrowtech to Develop Arizona Mining Property
2009-06-28 18:31 ET - News Release
Also News Release (U-CVRG) CONVERGE GLOBAL INC
Also News Release (U-URHN) URANIUM HUNTER CORP
TORONTO, ONTARIO -- (MARKET WIRE) -- 06/28/09
Sparrowtech Resources, Inc. ("Sparrowtech") (PINK SHEETS: SPMC) announced today that it has entered into option agreements with Converge Global, Inc. ("Converge Global") (PINK SHEETS: CVRG) and Uranium Hunter Corporation ("Uranium Hunter") (OTCBB: URHN) on its recently acquired Eagle Nest Mining Property ("the Property") in La Paz County, Arizona.
Eagle Nest Mining Property
Sparrowtech acquired a 100% interest in the Eagle Nest Mining Property (Claims AMC294529 and AMC294535) from D.A.R. Mining and Mr. Marvin Roe. These property claims include a previously producing Au-Cu-Ag-Fe (Gold, Copper, Silver and Iron) mine located 10 miles off Highway 95 in La Paz County. Easy access to the mine site and a good water supply will facilitate ease of construction for expansion of the mine site.
Converge Global, Inc. Option (www.convergeglobalinc.com)
Converge Global acquired an option from Sparrowtech to purchase a 45% Earned In Interest in the Property. Converge Global paid to Sparrowtech US$30,000. Converge Global is required to pay five million shares of CVRG Common stock by July 15, 2009, US$20,000 by September 30, 2009 and an additional US$15,000 to Sparrowtech on June 27, 2010, June 27, 2011 and June 27, 2012, respectively.
Converge Global also agreed to pay a 3% net smelter return royalty on the revenues from the production of gold and all other commodities produced from the Eagle Nest Mining Property's hard rock, lode type mineralization.
Converge Global, Inc. is an American-based junior mining company engaged in the acquisition, exploration and development of properties containing principally gold as well as other precious metals.
Uranium Hunter Corporation Option (www.uraniumhuntercorp.com)
Uranium Hunter also acquired an option from Sparrowtech to purchase a 49% Earned In Interest in the Property. Uranium Hunter paid to Sparrowtech US$45,000 and five hundred thousand shares of URHN Common stock. Uranium Hunter is required to pay an additional US$150,000 toward exploration of the Property over a one year period.
Uranium Hunter further agreed to pay a 3% net smelter return royalty on the revenues from the production of gold and all other commodities produced from the Eagle Nest Mining Property's hard rock, lode type mineralization and an additional US$15,000 to Sparrowtech on April 21, 2010, April 21, 2011 and April 21, 2012, respectively.
Uranium Hunter Corporation is an exploration company primarily targeting the uranium and precious metal industries in the resource sector. Initially, the Company was founded with the focus of developing a portfolio of quality uranium exploration properties in East Africa. With the recent shift in economic conditions, Management has decided to diversify the Company's interest to include the precious metals industry.
Cornelia Volino, President, stated, "We look forward to working together with both Converge Global, Inc. and Uranium Hunter Corporation in the exploration and development of the Eagle Nest Mining Property. We believe these alliances will be beneficial to the Property and to the growth of Sparrowtech."
Sparrowtech further announced that it will be the Operator Manager of the exploration programs on the Eagle Nest Mining Property and will be entitled to a 15% administration fee on exploration expenditures.
RECENT SHARE STRUCTURE
SPMC TA update
Subject: Re: SPMC--Sparrowtech Resources, Inc.
Sent By
info On: September 4, 2009 10:01 AM
the total o/s for SPMC is 154,544,520 shares. The common are
124,494,520, and the restricted is 30,050,000 shares.
A/S 160M as per Nev SOS
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=0fsqWYryzfDBIUj4hyJxKg%253d%253d
----------------------------------
From Most Recent Quarterly Filing, pg. 1 on pinksheets.com:
Stockholders' Equity
Preferred Stock - Class A, 5,000,000 shares authorized
at $,001 par value, 7,000,000 shares issued(2007 - 3,000,000) Common stock
150,000,000 shares authorized at $.001 par value,
127,544,520 shares issued and outstanding in March 31, 2009
127,544,520 shares issued and outstanding in December 31, 2008
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