Excelsior Mining Corp (EXMGF)

[Photonics_Guy]

Welcome to the board Jeunke.

Actually, we do have at least one institution that has taken a substantial position in MIN. Here is a link to an earlier post that shows an institution buying into MIN. The institution purchased 1M shares of MIN and said they would increase their position upon granting of both the ADEQ and EPA permits. So far, the ADEQ permit has been granted and we expect the draft release of the EPA permit any time now. The EPA permit will - in all likelihood - be granted in the next couple of months.

More importantly, Greenstone Resources, a private equity fund specializing in the mining and metals sector has invested $36M in Excelsior and are now 50% owners of the enterprise. They have more than 80 years collective experience – predominantly fulfilling senior roles within mining companies, financial institutions and principal investing.

They spent $250K in due-diligence alone prior to investing the $36M. They would not have invested a dime if the opportunity did not pass muster.

Greenstone’s appointments to the Excelsior Board of Directors are:

Michael Haworth - Co-founder of Greenstone Resources: Former Managing Director at JP Morgan and Head of Mining and Metals and Metals Corporate Finance in London.

Lord Robin Renwick – Vice Chairman, Investment Banking, JP Morgan Europe: Former British Ambassador to South Africa and the United States.

With respect to your comment about the SP not acting as we had hoped...Certainly, existing shareholders would like to see the SP more in line with the NPV (with a reasonable discount for Stage Derisking). But, a 220% increase in the last 12 months ain't too shabby!

PG