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Trippin out on how huge this thing is going to be when it happens. We were selected for part of the pre show publication, out of how many world class exploration projects? Talk about the opportunity of life time, to be invested here!
Pre-show publication
"Global primary exploration project is compiled," so that investors exposure to a large detailed projects, contact in advance the project side, for more project information, do the matchmaking site for effective negotiations with the project parties to prepare and improve the efficiency of participants. At the exhibition site and the project parties and their authorities to "one on one, face to face" direct negotiations, "one stop" access to investment-related services and support policy information, saving information search costs.
Looks like Nio-star will be in a position to be in exhibitor at the,"Macao international prospectors and investors exposition" April 5-7 2012. From what I can tell, companys are invited to participate. Definitely seems like we'll be in a position to attract institutional investors.
"attract visitors from dozens of countries (regions) of nearly a thousand institutional investors to participate in matchmaking, the organizing committee will be invited to future trends, including international, Chiang Kai-shek Mining Investment Group, Tiger Resources Fund, Carlyle Fund, Baring Private Equity Fund, IDG well-known domestic and foreign investment funds and other institutional investors. Matchmaking institutional investors around the world looking for business opportunities in China and Chinese enterprises to explore international markets and efficient matchmaking platform.
Wealth of activities, many institutional investors, a huge project database, and efficient matching docking, the Fair will bring you to participate in business opportunities.
Invite you to join mining project matchmaking!
Macau International Fair Organizing Committee for exploration and investors in April 2011 O "
Look under projects, front page.
http://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2Fmipiexpo.org%2F
I expect Sarissa to finally update us on Nemegosenda, before the spin-out of Shining tree resources is completed.
Today was a perfect consolidation day, RSI is no longer overbought and we're just about inside the top bollinger band. What do people expect after moving up 40%, we don't want this thing going up without consolidation along the way.
Just another buy signal!
What a great week! Look at that chart! Can't wait for monday.
Right now, niobium is worth around $23 a lb. Nemegosenda is still feasible at $5 a lb.
Nothing huge, but there's a work report pending on two claims, as of July 18. One is held in Nio-star the other in Sarissa.
It's better to buy before the shining tree spinout date is announced.
I'm more confident than ever here. Nice to finally see things getting accomplished. Maybe we get news next week? Either way, we must be very close!
Found something on sedar a couple days ago that might be of interest :)
1st quarter financials should be out tomorrow.
Yeah, I saw that, crazy....
Yeah, I wonder why it was transferred to Sarissa vs Nio-star.
Looks like Sarissa has acquired some more property, which hasn't been PR'd yet. This is in a different mining division than Shining tree, so I don't believe it's tied to that.
"ORDER 2011-Jun-15 COMMISSIONER TRANSFERS 100.00 % INTEREST OF GRECO, ANTHONY F. (407171) TO SARISSA RESOURCES INC. (402425) O1160.00228"
http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cls.cfm?Div=60
Nice post!
Long term capital gains tax is 15%. Short term is whatever bracket you fall into.
Article about sarissa in a local newspaper from may 2009. http://www.chapleauexpress.ca/May_9_20091.pdf
Ah I see! What do you think about my last post, these are references in our last NI report. Is there another report out there by Alan Hawke?
"Hawke, A.A. 2009 NI 43-101 Compliant Report on the Nemegosenda Property, Porcupine
MD, Ontario."
"Archibald, J.C. 2009 Technical Report on the Nemegosenda Property for Sarissa Resources
Inc; Billiken Management Services Inc."
"Hawke, A.A. 2009 NI 43-101 Compliant Report on the Nemegosenda Property, Porcupine
MD, Ontario."
"Archibald, J.C. 2009 Technical Report on the Nemegosenda Property for Sarissa Resources
Inc; Billiken Management Services Inc."
Anyone ever notice this reference in the Patrick Chance report. Correct me if I'm wrong, but we never heard anything about drill hole 83-10 right?
"Hawkins, W. 2010 Report on Drill holes 81-10 and 83-10, Nemegosenda Lake Niobium
prospect, Chewett Township, Ontario; internal report for Sarissa Resources
Inc., 23 pp."
Pictures of Nemegosenda, I don't recall seeing these. This website is referenced in our NI report. Check out all of those drill cores in the coreshack.
http://www.lightbox.ca/~pcpiilonen/Nemegosenda.htm
Anyone have any idea if Sarissa had this report commissioned, or is it done by a third party?
Sarissa Resources Inc. (SRSR) - Strategic SWOT Analysis Review
http://www.companiesandmarkets.com/Company-Profile/sarissa-resources-inc.-%28srsr%29-strategic-swot-analysis-review-483173.asp
Nice couple days, Golden cross on the EMA'S. Glad we had a nice consolidation day. Bring on thoping for a nice long uptrend!
Nothing huge, but as of 6/1/11 Nio-star corp. has work reports pending on 7 of 10 claims that are due on 6/3/11.
http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cls.cfm?Div=60
This shows 1.1 million shares of sarissa held by pacific west financial consultants as of 3/31/11.
http://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=SRSR
Check out this pathetic attempt to bash SRSR
http://www.hotstocked.com/article/9551/sarissa-resources-inc-pink-srsr-broke-up-the.html
For every seller there's a buyer hence the term "trading". Only difference is if they're traded at the bid or ask.
I wonder why the shares were purchased at market price (.032)
9,673,000.00 for $310,190.00 that's an average of. 0.032 a share. So I'm thinking they were purchased on the open market.
Here is an explanation of form 45-106
http://foglerrubinoff.com/pdfs/Pub_Homepage_and_Mainpage/National%20Instrument%2045-106.pdf
Anyone know what this means?
Reports of Trades Submitted on Forms 45-106F1 and 45-501F1
Transaction - Date-No. of Purchasers-Issuer/Security-Total Purchase Price ($) No. of Securities Distribute 12/31/2010 to 01/06/2011
9 Sarissa Resources Inc. - Common Shares 310,190.00 9,673,000.00
http://www.oscbulletin.carswell.com/bb/osc/bb/3408/on3408.htm#8_1_1
What an educated reply, lolzzzz.
Short numbers for the day 20110517|SRSR|2304644|0|4728047|O
nice buys at the ask 57,000 left at .0255
Golds at 1,518 per oz. Silver at 49.72
For comparison purposes.
The shares that were spun out, were issued at .15 are now trading in the .60-.65 range with a $14 million market cap. The property has NI 43-101 report but NO resource calculation, It's in a similar stage as shining tree.
Evolving Gold Declares Dividend-in-Kind and Sets Record Date for Spin Out of Prosperity Goldfields Corp.
Feb. 2, 2011 (Canada NewsWire Group) --
VANCOUVER, Feb. 2 /CNW/ - Evolving Gold Corp. (TSX: EVG) (FSE: EV7) (the "Company" or "Evolving Gold") announced today that its board of directors has set February 16, 2011 as the record date for the dividend-in-kind spin out transaction (the "Spin Out") involving the transfer of the Company's option to acquire the mineral claims forming the Kiyuk Lake gold property in southern Nunavut (the "Kiyuk Property") to a new company, Prosperity Goldfields Corp. ("Prosperity").
In connection with the Spin Out, the Company transferred to Prosperity its interest in the option to acquire the Kiyuk Property in exchange for common shares of Prosperity ("Prosperity Shares"). Prosperity also completed a $1.5 million private placement with Evolving Gold pursuant to which Prosperity issued 10,000,000 units to Evolving Gold at a deemed price of $0.15 per unit, each unit consisting of one Prosperity Share and one half of one share purchase warrant. Pursuant to the terms of a funding agreement, all transaction costs related to the Spin Out up to a maximum of $300,000 have been and will be paid by Evolving Gold. Prosperity has agreed to reimburse Evolving Gold for the payment of the transaction costs through the issuance of Prosperity Shares to Evolving Gold at a deemed price of $0.15 per Prosperity Share. Assuming the maximum of $300,000 of transaction costs are incurred in connection with the Spin Out, Prosperity expects to issue up to 2,000,000 Prosperity Shares to Evolving Gold pursuant to the terms of the funding agreement.
Under the dividend-in-kind, subject to applicable securities laws, each Evolving Gold shareholder will receive one Prosperity Share for every ten Evolving Gold shares held on the record date, and the number of Prosperity Shares to be issued will be rounded down to the nearest whole number of Prosperity Shares. The payment date for the dividend-in-kind is on or about March 3, 2011. Upon completion of the Spin Out and the receipt of Prosperity Shares for the reimbursement of transaction costs, Evolving Gold expects to hold approximately 48.5% of the outstanding Prosperity Shares.
The record date is February 16, 2011. The ex-dividend date, the date as of which a purchaser of Evolving Gold common shares will no longer be entitled to receive any Prosperity Shares pursuant to the Spin Out, is February 14, 2011.
Prosperity has filed a preliminary prospectus in all provinces and territories of Canada and this preliminary prospectus is available on SEDAR under Prosperity's profile. Prosperity expects to file a final prospectus relating to the dividend-in-kind on or about February 2, 2011. The TSX Venture Exchange ("TSXV") has conditionally approved the listing of the Prosperity Shares on the TSXV under the symbol "PPG", subject to customary listing conditions. The final prospectus will be available on SEDAR under Prosperity's profile. Copies of the final prospectus will also be mailed to Evolving Gold shareholders of record on the record date.
Evolving Gold believes that the fair market value, as at the date of completion of the Spin Out, of the Prosperity Shares to be distributed will be $0.15 per Prosperity Share.
As described in further detail in the prospectus, no Prosperity Shares will be issued to shareholders who are (or are deemed to be) non-residents of Canada. Rather, such Prosperity Shares will be delivered to a trustee for sale in the open market following the dividend-in-kind and the net proceeds will be delivered to non-resident shareholders, net of any withholding taxes. Shareholders who fail to provide a declaration of Canadian residency on or before March 2, 2011 in the form that will be provided may be deemed to be a non-resident for these purposes. Canadian shareholders who hold their shares in Evolving Gold through a brokerage or other account are therefore urged to contact their brokers to avoid being deemed a non-resident. The form of residency declaration will also be available on Evolving Gold's website at www.evolvinggold.com.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. The Prosperity Shares to be distributed have not been approved or disapproved by any Canadian or U.S. regulatory authority nor has any such authority passed upon the accuracy or adequacy of the preliminary prospectus. The Prosperity Shares will not be distributed in any state or jurisdiction, including the United States, if an offer, a solicitation of an offer to buy, or a sale of the Prosperity Shares would be unlawful absent registration or qualification under the securities laws of any such state or jurisdiction. Any public offering of securities to be made in the United States can only be made pursuant to an effective registration statement. The Prosperity Shares have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and the Company has no intention of filing such a registration statement in connection with the dividend-in-kind of the Prosperity Shares. Accordingly, shareholders of the Company who are resident in the United States or who are U.S. persons (as defined in Rule 902 of Regulation S under the U.S. Securities Act) will not be entitled to participate in the dividend-in-kind of the Prosperity Shares, except as set out above and in the preliminary prospectus of Prosperity.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its gold discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on four gold properties in and adjacent to the productive Carlin district of northern Nevada, two of which are 100% controlled by Evolving Gold.
For more information about Evolving Gold please visit: www.evolvinggold.com. To receive regular updates or to receive a follow-up call from Investor Relations please sign up at: http://evolvinggold.com/sign-up.php.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
"Robert Barker"
Robert Barker
CEO and Director
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements which address future events and conditions, which are subject to various risks and uncertainties. Such statements include those related to the timing and benefits of the proposed Spin Out, the expected filing and availability on SEDAR of Prosperity's final prospectus, and the expected payment date of the dividend-in-kind. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties; fluctuations in the marketplace for the sale of minerals; the inability to implement corporate strategies; the ability to obtain financing; currency fluctuations; general market and industry conditions; securities regulatory review of the final prospectus, logistical factors involved in the payment of the Prosperity Shares, and other risks disclosed in the Company's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Such assumptions include assumptions related to the receipt of securities regulatory approval of the Prosperity prospectus and the expected benefits of the Spin Out for Evolving Gold shareholders. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations:
Graham Johnstone
Tel: 778-331-2023
info@evolvinggold.com
I realize that. They'll probably drill a 100 holes on Nemegosenda before it's all said and done. Why max out the OS shares to drill 10 holes. Then what? Not to mention being on a reputable exchange with an attractive share structure will make it much easier to obtain financing. The company also outlined in their shareholder update that it was important to complete the professional analysis of Nemegosenda. And we do have a solid NI report all we are lacking is a compliant resource estimate, and that is on their to do list.
Sarissa is at a point in exploration, where they need 10's of millions of dollars to take it to the next level. With the share structure basically maxed out, it's not possible for them to raise the funds through SRSR. Drilling holes isn't going to bring us any value at this point. I doubt we'll be listed on a honk Kong exchange. I'm hoping for a Dahlman Rose sponsored IPO of Nio-star on an American exchange or the tsx. I can't wait for the day when we find out what's going on.
Not sure if it's of any significance but these links show sarissa transferring 100% ownership of these claims to Nio-star corp. on April 7th 2011.
http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm?Claim_View__Claim_Number=4225553
http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm?Claim_View__Claim_Number=4225554
http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm?Claim_View__Claim_Number=4225555
http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm?Claim_View__Claim_Number=4225556
http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm?Claim_View__Claim_Number=4225557
http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm?Claim_View__Claim_Number=4246934
http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm?Claim_View__Claim_Number=4225549
http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm?Claim_View__Claim_Number=4225558