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I came home today to find we are up, up and up! Yeah, go TUCA!
Here's what I gleaned from your research. Feel free to add comments.
On or around May 7, 2012, Alain Champagne transfered 37 titles to Tucana Exploration which were registered with Secteur Mines on May 8,2012.
The prior owner of the titles/claims was Azimut Exploration which indicates in the following release dated June 12, 2012 (after Champagne acquried the claims, that it does sufficient exploration work on its properties. I couldn't find the type of work that may have been on this property by AZM. Maybe another mining sleuth can uncover this. AZM trading at .40.
Azimut: Strategic Update
Symbol: AZM.TSX Venture
LONGUEUIL, QC, June 12, 2012 /CNW Telbec/ - Azimut Exploration Inc ( "Azimut" or "the Company") (TSXV: AZM) is pleased to provide an update on the
forthcoming 2012 exploration program and to restate the Company's core strategy.
Azimut has developed a province-scale vision of Quebec's mineral potential with a focus on gold, copper, uranium and rare earths. The Company performs
systematic mineral potential assessments using a proprietary targeting methodology to acquire major quality targets and then develop partnerships. Azimut has
gained a strategic position in several regions within the province, most notably in the emerging Eleonore gold camp in the James Bay region and along a 330-km
polymetallic copper-gold-tungsten mineral belt in Nunavik.
1) Eleonore gold camp, James Bay region (see Figure 1 appended)
Azimut owns interests in five (5) properties totalling 1,919 claims (1,007 km2), four (4) of them located in the vicinity of Goldcorp's Eleonore gold property with the
fifth being further to the south. Production at the Eleonore mine is scheduled to begin in 2014 with an estimated average of more than 600,000 ounces of gold per
year, an approximate 15-year mine life, and cash costs expected to be below $400 per ounce. Several exploration targets on the Eleonore property are located in
close proximity to Azimut's project boundaries. The salient points for each of Azimut's projects in this area are as follows:
Eleonore South (26.4% Azimut, 36.8% Goldcorp, 36.8% Eastmain JV)
This property presents geological and mineralization features that are comparable to the Eleonore property. The best results to date are from the JT Zone and
include 5.3 g/t Au over 8 m (channel sampling), 1.5 g/t Au over 5.7 m (drilling), and 1.40 g/t Au over 10.0 m (drilling). A number of attractive areas remain untested
by drilling. Eastmain, as operator, is currently completing a $250,000 program funded by Goldcorp and Eastmain. Following this phase, a new program will be
proposed, including drilling later this year.
Opinaca A and Opinaca B (50% Azimut, 50% Everton JV, and Aurizon Option)
The Opinaca A property, adjacent to Goldcorp's Eleonore property, hosts a number of significant targets including the Inex Zone (grab samples up to 50.9 g/t
Au), the Charles Target (grabs up to 35.9 g/t Au; drill interval of 0.8 g/t Au over 9.0 m) and the Smiley Target (drill interval of 4.24 g/t Au over 1 m). At Opinaca
B, located east of the Eleonore property, the Claude Target yielded a drilling intersection of 0.22 g/t Au over 187 m, including 1.0 g/t Au over 21.5 m. Aurizon
has the option to acquire a 50% interest in each of the two (2) properties by incurring $6.0 million in exploration work, and an additional 10% interest upon delivery
of a bankable feasibility study. Aurizon will fund and operate a 2012 program totalling $467,000, which is preparatory to another program that will include drilling.
Opinaca D (100% Azimut)
Located about 8 km northwest of the Eleonore property, Opinaca D presents a number of exploration targets defined by VTEM and/or soil geochemistry
anomalies, including a maximum value of 7.3 g/t Au combined with arsenic and antimony anomalies. Several drilling targets have been defined on the project.
Wabamisk (51% Goldcorp, 49% Azimut)
Goldcorp, as operator, has elected to pursue its second option whereby it can earn a 70% interest by funding additional exploration work and completing a
bankable feasibility study. The Wabamisk property, located about 70 km south of the Eleonore property, has a comparable geological context and geochemical
signature. At the GH Prospect, the best intercept is 0.7 g/t Au, 0.39% Sb and 0.20% As over 19 m including 2.3 g/t Au over 4.3 m. This gold-antimony-arsenic
zone is associated with a diorite intrusion and metasedimentary rocks. Goldcorp will fund and operate an $800,000 exploration program on the project in 2012.
This will comprise a soil geochemical survey and prospecting work in preparation for a ground geophysics and drilling phase.
2) Nunavik Copper-Gold Trend (see Figure 2 appended)
Azimut has developed three extensive properties in northern Quebec - Rex, Rex South and Nunavik Copper Gold ("NCG") - providing a commanding position
over a strong copper anomaly revealed by governmental regional lake-bottom sediment data. This 330-km-long copper anomaly is coincident with a strong 100-
km-long rare earth anomaly. This region appears as a new mineral belt of major importance and presents similarities with the Carajás Mineral Province in Brazil
(see press release dated April 4, 2012). Azimut's management believes the belt has the potential to host large-scale Iron Oxide Copper Gold (IOCG) deposits,
intrusion-related polymetallic deposits, and sediment-hosted gold deposits.
During the past two years, extensive reconnaissance work on Azimut's properties had have led to the discovery of numerous mineralized zones and significant
prospects, including five IOCG zones (RBL, CM, Jemima, Sombrero and Impact) and a 15 km by 5 km intrusion controlling the polymetallic (gold-silver-coppertungsten-
tin-bismuth) Augossan, Anorthosite, Copperton and Aura-Pegor zones. In addition, numerous prospects have been the subject of only limited surface
prospecting or have yet to be investigated. About 22 specific areas have been ranked as first priority targets, including nine targets at Rex, six at Rex South and
seven at NCG. A 2012 field program is currently being planned by Azimut for all three properties.
The three properties, 100% owned by Azimut, comprise 12,810 claims (5,570 km2), including 5,267 claims at Rex, 2,138 claims at Rex South and 5,405 claims
at NCG. Aurizon has withdrawn from its option to earn an interest on the Rex South property. Aurizon's involvement as a partner on this project has been valuable
and much appreciated.
The Nantais property, located 80 km south of Xstrata's Raglan nickel mine, contains several high-grade gold prospects (grab samples up to 26.1 g/t Au) with
significant silver, copper, zinc and lead values (see press release dated April 19, 2012). The geological context indicates an excellent potential for gold-rich
volcanogenic massive sulphide deposits.
The Company's other major projects in Nunavik include the North Rae and Daniel Lake uranium properties in the Ungava Bay region, which along with AREVA's
Cage project, represent a new uranium province with Rössing-style near-surface mineralization.
3) Corporate OutlookAzimut holds the largest mineral exploration portfolio in Quebec. All its key properties are covered by sufficient exploration work and are in good standing.
Partnership development continues to be a top priority for Azimut. The Company has 36.47 million shares issued and will maintain its business approach of
minimizing equity dilution. The Company currently has working capital of $4.0 million.
This press release was prepared by geologist Jean-Marc Lulin acting as Azimut's Qualified Person under NI 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release
PDF available at: stream1.newswire.ca/media/2012/06/12/20120612_C8110_DOC_EN_15059.pdf
%SEDAR: 00003284EF
For further
LOL
WOLV will be drilling the main targets this year and I'm gonna be around for the results.
Insider info is hard to come by for private placement trader.
Raising funds for the next go around of drilling.
I don't know when the drilling program details will be announced.
I told ya, to da moon!
Will we find lithium, diamonds or cheese once we land?
We are gonna be number 1. Well, TUCA that is.
Champions League or bust baby! 4th place, Gooners are history.
TUCA- never give up.
Liverpool- YNWA! LOL
4th place baby!
I bet some unsophisticated investor people were pumped by a dream just like the last company these guys ran then dropped. JMO
enough said
I'm with ya Doc, let's find the source of the high CU. Sounds like that's where WOLV will be focusing its next drill targets.
The stars are aligning nicely for our neighbors Nemaska. The PPS does not reflect how well the company is doing.
Hopefully, Alain Champagne has picked another winner with our little TUCA.
This is a crazy market. Lot's of good news on the Nemaska side and no volume.
If TUCA has the goods, I know they will explore and do some drilling at minimum. It's the same set of players involved in TUCA and Nemaska.
Meanwhile........at the lithium property next to TUCA....they are moving right along with their plans to mine. I sure do hope we will follow Nemaska's path.
Nemaska Announces Final Closing of a $1,615,000 Financing
NEMASKA LITHIUM INC. (the "Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF) is pleased to announce that it has closed the second tranche of a brokered private placement of an aggregate number of 500,000 flow-through units (the "Flow-Through Units") in the capital of the Corporation, at a price of $0.50 per Flow-Through Unit, for an aggregate gross proceeds of $250,000, finalizing a $1,615,000 financing (the "Financing"), the first tranche of which was closed as of June 20, 2012 and announced as of June 21, 2012.
Each Flow-Through Unit is comprised of one flow-through common share in the capital of the Corporation and one-half of one common share purchase warrant. Each whole warrant (the "Warrant") shall entitle the holder thereof to acquire one non flow-through common share of the capital of the Corporation (the "Warrant Share"), at a price of $0.65 per Warrant Share, until December 30, 2013.
The Financing was conducted through a syndicate co-led by Industrial Alliance Securities Inc. and Casimir Capital Ltd. acting as agents (the "Agents").
In consideration for the services rendered in connection with the second tranche of the Financing, the Agents received an aggregate cash commission of $17,500 and an aggregate number of 35,000 compensation options to purchase up to 35,000 common shares in the capital of the Corporation, at a price of $0.50 per common share, until December 30, 2013.
The net proceeds of the Financing will be used by the Corporation to incur exploration expenses on its properties located in the Province of Quebec.
All securities issued pursuant to the second tranche of the Financing are subject to a restricted period of four months and a day, ending on October 30, 2012 under applicable Canadian securities legislation. As a result of the Financing, the Corporation will have 100,734,674 common shares issued and outstanding.
The Corporation expects to be able to file shortly all required documentation to satisfy the conditional acceptance of the TSX Venture Exchange.
About Nemaska
I don't know that information.
The lack of liquidity sucks! I agree.
Jordon needs to raise funds for the exploration program and issue and announcement.
It's no secret that WOLV is gathering the funds to drill and will drilling the most promising targets. Judging from past history, the pps will take off once the drilling schedule is announced.
Wish things were moving faster, but during this recession( and even I, a die hard Clintonista/Obamaphile have to admit this) money is tight with all investors. :(
I still hold all my chips. And no, I don't have any retirement funds invested in WOLV nor did I mortgage my house to buy a junior mining company stock. That, is a recipe for disaster when the markets grind to a halt.
Looking forward to the end of the recession in the USA and boom times in the penny stock market.
The focus of Wolverine Exploration (WOLV) remains the major surface showing of copper on this massive property, 360 meters by 450 meters (or 24 city blocks) with surface showings of 2.5%Cu to 6.4%Cu. These are massive numbers when .02%Cu can support an open pit mine.
Me too. Not waiting 10 years. Let's see what happens by the end of 2012.
My expection is that VSYS will be purchased by a major player in the building security market.
SRGE is a scam as it owns no mines. My point is, that you should play it for the pump and dump that it is.
A quick 30% profit and then cash out like most do.
Cinco Minas is UNDER SUSPENSION according to Infomine.
IMO that means INACTIVE because of the BGL Lawsuit.
Making more sense all the time.
Gonna load up at .0001!
That would be a good place to start with this little scam.
Is this not your post?
It's still the same company, still drilling on the same property. What has changed, is that they are getting the funds together. Once the drilling is complete, then you can issue an informed opinion on the copper drill results. However, the results are not in yet. Are they? You're betting (hoping) against the company doing any more drilling. Why?
I want them to drill and give us the results.
It took me awhile to start understanding WOLV is a significant value play not just for flipping but if you must flip do your flipping into strength not on a news day rofl.
VALUE STEPLADDER HAS STARTED THE SLOW CLIMB TO .235 IMO.
SJLS is accumulating big blocks...they know what they have.
I'll put eyeballs on the stock tonight...
help me
No mines are owned by SIRGE just a little ol promo play on the Hub.
Make sure to take that 20% profit when you can on the next ride up.
I think we all know that SRGE owns nothing.
We are here for pump game.
What's the significance of this removal?
SRGE can't even pay their promoters any money to pump this.
From momorapters IRP disclosure;SOUTHRIDGE ENTERPRISES INC. - Compensation to date: $0
Nice 28% profit on the pump here. I would take the money and run before the dump cometh.
Given that SRGE only owns hot air and a pump campaign, its best to get your 20% profit and run before the next dump.
What we have here is a hit and run, pump and dump jive mine.
Thanks for posting this my canuck friend!
The more our neighbors Nemaska prove up and develop their lithium property, the more the spot light will shine upon our little TUCA.
Nemaska Announces Closing of $1,365,000 Financing
FREE Breaking News Alerts from StreetInsider.com!
June 21, 2012 9:56 AM EDT
QUEBEC CITY, QUEBEC, CANADA -- (Marketwire) -- 06/21/12 -- NEMASKA LITHIUM INC. (the "Corporation") (TSX VENTURE: NMX)(OTCQX: NMKEF) is pleased to announce that it has closed a brokered private placement of an aggregate number of 2,730,000 flow-through units (the "Flow-Through Units") in the capital stock of the Corporation, at a price of $0.50 per Flow-Through Unit, for an aggregate gross proceeds of $1,365,000 (the "Offering").
Each Flow-Through Unit is comprised of one flow-through common share in the capital of the Corporation and one-half of one common share purchase warrant. Each whole warrant (the "Warrant") shall entitle the holder thereof to acquire one non flow-through common share of the capital of the Corporation (the "Warrant Share"), at a price of $0.65 per Warrant Share, for a period of 18 months following the closing of the Offering.
The Offering was conducted through a syndicate co-led by Industrial Alliance Securities Inc. and Casimir Capital Ltd. acting as agents (the "Agents"). In consideration for their services, the Agents received an aggregate cash commission of $95,550 and an aggregate 191,100 compensation options to purchase up to 191,100 common shares in the capital of the Corporation, at a price of $0.50 per common share, until December 20, 2013.
The net proceeds of the Offering will be used by the Corporation to incur exploration expenses on its properties located in the Province of Quebec.
All securities issued pursuant to the Offering are subject to a restricted period of four months and a day, ending on October 21, 2012 under applicable Canadian securities legislation. As a result, the Corporation has 100,234,674 common shares issued and outstanding.
The Corporation expects to be able to file shortly all required documentation to satisfy the conditional acceptance of the TSX Venture Exchange.
The Corporation also announces that it has received offers from potential investors to subscribe for an additional amount of up to $635,000 in a second tranche of the Offering, subject to certain conditions being met. In such a case, a second closing is expected to occur within a few weeks.
About Nemaska
Triple zeroes is where SRGE belongs. CLoser to .0001. However, the manipulation can get it higher.
Why is the pump campaign failing here?
I thought the company was gonna spend money on our next pump?
We all know there is no mining going on here, exact in shares.
This play needs to pay major promo money for a pump.
Triple zeroes! Yes, just like I predicted.
This scam play needs to spend real money on a promo.
Two "insiders" buy a bunch of shares in this private placement.
690,000 Units were issued to Mr. Jean-Marc Lacoste, a director of the Corporation, and 800 000 Units were issued to Nemaska Lithium Inc., a holder of more than 10% of the outstanding common shares of the Corporation, which constitute "related parties transactions" within the meaning of Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions ("Regulation 61-101") and TSX Venture Exchange Policy 5.9 - Protection of Minority Security Holders in Special Transactions. However, the directors of the Corporation who voted in favour of the Offering have determined that the exemptions from formal valuation and minority approval requirements provided for respectively under subsections 5.5(a) and 5.7(1)(a) of Regulation 61-101 can be relied on as neither the fair market value of the Units issued to Mr. Lacoste or Nemaska Lithium Inc. nor the fair market value of the consideration paid exceed 25% of the Corporation's market capitalization. None of the Corporation's directors has expressed any contrary views or disagreements with respect to the foregoing.
Good news from one of TUCA's "sister" companies. Monarques was spun off from Nemaska and Nemaska holds a large stake in the company. Many of the principals that are involved with TUCA are also involved with Nemaska and Monarques. The principal investor is Alain Champagne and he is connected to all three companies. Mr. Champagne has a nose for finding and investing in good mining companies in Canada.
Here's hoping that TUCA will also raise the necessary funds to start its exploration and drilling program.
Monarques closes $586,250 private placement
2012-06-20 14:23 ET - News Release
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Mr. Guy Bourassa reports
MONARQUES ANNOUNCES THE CLOSING OF A $586,250 FINANCING
Monarques Resources Inc. has closed a non-brokered private placement of an aggregate of 4.69 million units at a price of 12.5 cents per unit. Each Unit is comprised of: (i) one common share in the capital of the Corporation at a price of $0.125 per share; and (ii) one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional common share in the capital of the Corporation at a price of $0.20 for a period of 24 months following the closing of the private placement. The aggregate gross proceeds of the Offering amounts to $586,250 and the net proceeds will be used by the Corporation for the purposes of maintaining its ongoing business for the next year as well as to continue the exploration work on its properties.
690,000 Units were issued to Mr. Jean-Marc Lacoste, a director of the Corporation, and 800 000 Units were issued to Nemaska Lithium Inc., a holder of more than 10% of the outstanding common shares of the Corporation, which constitute "related parties transactions" within the meaning of Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions ("Regulation 61-101") and TSX Venture Exchange Policy 5.9 - Protection of Minority Security Holders in Special Transactions. However, the directors of the Corporation who voted in favour of the Offering have determined that the exemptions from formal valuation and minority approval requirements provided for respectively under subsections 5.5(a) and 5.7(1)(a) of Regulation 61-101 can be relied on as neither the fair market value of the Units issued to Mr. Lacoste or Nemaska Lithium Inc. nor the fair market value of the consideration paid exceed 25% of the Corporation's market capitalization. None of the Corporation's directors has expressed any contrary views or disagreements with respect to the foregoing.
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I think the company is working on a variety of fronts, including more contracts.
Happy Father's Day to all the dads!
The glass will always half empty to some!
I see a million bucks as a life saver and an affirmation that VSYS is moving in the right direction.
One million in financing is a good deal.
If you have one mill to give, you would expect something in return, no?
It keeps the company moving forward.
VSYS received $1,000,000 in private placement funds to continue to market and develop its products. I call that increasing shareholder value.
WHy do you think institutional investors would give VSYS one million bucks? Becaues the company has extraordinary products, and continues to expand its customer base with more contracts.
If this was a pump, I would have left a long time ago when I made a large gain.
The truth of the matter is, this is a junior miner that struggles to raise cash to drill. But drill we will.
I like Bruce. He is very cute!
One of Doubloon's favorite companies! Thanks Elmacanuck for making my Monday a lot brighter! Hope you bought some VSYS.
VSYS gets a million bucks from institutional groups for working capital to continue the deployment of its building security control products.
Viscount Completes $1 Million Private Placement
Date : 06/11/2012 @ 7:27PM
Source : Business Wire
Stock : Viscount Systems, Inc. (VSYS)
Quote : 0.31 0.0 (0.00%) @ 5:08PM
Viscount Completes $1 Million Private Placement
PrintAlert
Viscount Systems, Inc. (OTCBB: VSYS) announced today that it has completed the sale of $1,000,000 of its Series A Convertible Redeemable Preferred Stock to two institutional investor groups managed from New York City. Pickwick Capital Partners, LLC acted as the sole placement agent for the transaction.
Proceeds to the company from the sale of the Series A Shares will provide working capital to support and accelerate deployment of the Company’s Freedom Access Control security solution, for investor relations and for working capital purposes.
Steve Pineau, CEO of Viscount Systems, stated, “We are pleased to have completed this private placement with two institutional investor groups that showed confidence in the uniqueness of our unified IT/access control platform. We believe that the cost and security advantages of our patent-pending technology will continue to attract end-users in both the commercial and government sectors.”
The Series A Shares are convertible into shares of common stock of the Company at the rate of $0.0407 per common share. The Company also issued the Series A Share investors 5 year warrants to purchase 12,285,012 shares of common stock at a price of $0.08 per common share. The Series A Shares are subject to the provisions of the Company’s Certificate of Designation, Preferences and Rights of the Series A Convertible Redeemable Preferred Stock, including restrictions on voting and conversion rights to 4.99% of the outstanding common stock per holder, and dividends of 8% payable in cash or Series A Shares. The Company also granted registration rights to the holders of the Series A Shares that may be exercised in certain circumstances. Additional information on the Series A Shares is included in the Form 8K filed with the SEC.
http://ih.advfn.com/p.php?pid=nmona&article=52730950&symbol=VSYS