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.005 would be a nice start :)
spmc should hire same p.r. group as urhn
low float, most volume was @ around .005 few months back
any volume and this should move nicely. :)
well, free trading count is 124,594,520 as of today - up to 7M shares since update from late May... anyways, a/s is almost maxed out (not sure what is the status for restricted tho...)
SPMC ta update
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.
A/S 160,000,000 as per NV sos
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx ?lx8nvq=0fsqWYryzfDBIUj4hyJxKg%253d%253d
MACD appears to have just crossed zero, should move soon
independent assays're from:
Met-Solve Laboratories, Inc http://www.met-solvelabs.com/
New Verde River Mining Co (602) 269-0246
Tuesday, June 23 2009 1:01 PM, EST Sparrowtech Completes Acquisition and Provides Results of Independent Sample Testing Market Wire "US Press Releases "
TORONTO, ONTARIO -- (MARKET WIRE) -- 06/23/09 -- 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.
Contacts: Sparrowtech Resources, Inc. Cornelia Volino President 416-915-3176 info@sparrowtech.net
I asked CEO about this - she told me that Sparrowtech doesn't control URHN press releases , Sparrowtech will have 51% (controlling package) and they'll be main operator in the mine. She's not planning to release any news 'till transaction is final - that's her words, try to call Cornelia Volino @ 416-915-3176
why did spmc not make a p.r. the same time urhn did are they not j.v. partners?seem's spmc missed the ride up when urhn madew the release.
according to conversation with Cornelia (CEO) few weeks back the acquisition can be finalized @ any time - all depends on terms and conditions... For now we have low float stock that's moving with an easy to any direction...
well email said on or about june 30th the merger is supposed to be finalized. NOW that does not mean it will be pr'd on that date if merger is completed. Might be pr'd a few days later imo.
Uranium Hunter boys (URHN) need to look closer on Sparrowtech - Sparrowtech will be the main "power" on Eagle Nest mining property (gold baby, gold! lol) if acquisition will be finalized. The problem is that URHN was heavily promoted and got attention and SPMC did not... Or maybe this is not a problem @ all - clean play, low float, no dilutive promo behind, etc., etc.
call in not many people know about it and when news comes i think it will jump quick judging by past runs imo
Nevada SOS has them listed as revoked since it seems 03/2007..maybe why is restricted....contact Co. see what's UP??? imo..gl..
I tried to add last week, was restricted on ETRUD ~
NTRO..up big in a few weeks yet boardmarks havent grown....so i think the marks mean nothing these day...but the more the merrier
NTRO was like that..as far as calling it in...and its up to 5 cents from 1.5 cents...
Well we had 11 new board marks since Thursday. That can only help as that is potentially 11 more mouths spreading the word. Additionally, I edited the charts to make them easier to read. Alex I took your short term chart with the smaller moving averages, and I added a longer term chart with different techs and higher moving averages. Both are no landscape size and not plain white, and so they are easier to read. This ibox should make it pretty easy for people to scoop up quick DD now.
maybe this is the main reason why we don't have enough attention (volume) on Sparrowtech yet - so many people are lazy to pick up a phone & call... Hope it'll be a different story on Monday with news expectations.
all these pinkies and otcbb have restrictions with my broker..tdwaterhouse...so it dont mean jack
yep, I asked around - restriction's here for 'round 2 months for unknown reason... eturd is eturd... anyways, we need a volume and hope eturd'll be lifted restriction soon...
Yes, you have to call it in. It's only a buy restriction though. You can sell online if you want to. I asked the broker why the restriction was on and he said he really didn't know. No corporate actions pending and the last one noted was the acquisition of a company about 2 months or so ago. He figured that the restriction had something to do with the erratic volume. Once it's trading properly for a given period I'd be willing to bet that the restriction will dissappear. Ever since I've been aware of the stock it has had a buy restriction, not just in the past few days. Just takes a couple of minutes extra to place an order, that's all. You can cancel it and sell online if you wish. Hopefully the restriction will be lifted soon. GL!~
I have a different broker, just want to confirm a rumor
You probably just have to call it in, due to the sudden volume.
I heard that spmc is restricted on etrade. can anyone confirm?
We keep having 100%+ days and we'll be getting a lot more attention!
amazing what an updated ibox can do, boardmarks up from 5 to 16 in one day
res .0016 then .005, then .008 will get there with merger news and continued volume gl
just wait till big pockets start loading up...wont be that long of a wait
Agreed, board marks steadily increasing. We only had 5 yesterday
when that happens ....kabooooom
with low O/S...and property...this could see pennys EZ
I better get my hands on something here soon.
Only so much fiddling around can be done without.
A lot of people use streaming level 2 services such as alphatrade, quotemedia (via a website such as bloomfield investment club) or equityfeed (most features, but most expensive)
you meant what kind of trading platform?
I use equityfeed ( http://www.equityfeed.com )
Hope some one gives me the word :)
kinda new to watching a lot of things at once.
I wonder what kind of system people use.
Could be one heck of a ride up if everything is done right. Good luck to you on the mod job!~
That's why I applied to be moderator... to revamp the ibox. I've added the share structure, recent emails and pr's and made sure to include the URHN joint venture.
And URHN is getting so much attention based on that news? Wow, what's going to happen when SPMC issues a pr about it? 51% versus 49% is a huge difference. We have control and that's worth a lot if what we are controlling is worth anything. For sure holding all now. Thanks for the info! See you at the top! GL~
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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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