Volcan Industries (VOHO)

[Potse]

VOHO(.05)...accumulated a position.....

I accumulated a VOHO position this week in the 3-5 cent range. Definitely high risk, but probably worth taking a chance here given how many of the dark mining stocks have had some pretty nice runs recently. An OTC update, filings, or completion of the Ecuador gold concession acquisition would probably lead to extremely nice upside.

The January 2021 investor presentation for Volcan Mining Limited (a wholly-owned subsidiary of VOHO) provides some information about VOHO's recent business activity/plan. Assuming this plan has been or is still being implemented, VOHO has a new CEO (Robert J Washer) and VOHO's subsidiary will hold the gold concession that VOHO is acquiring and the subsidiary is expected to be listed on the Australian stock exchange (ASX).

Slide 2 of the January 2021 presentation.......

Volcan Mining Limited (“VML”) Capital Raise Share Offer for potential ASX listing & global institutional investors:

The Offer is for (Section708 Sophisticated & Professional excluded) investors to subscribe for new ordinary shares in Volcan Mining Limited (A.C.N.646773104) at ten cents ($0.10) per share. This capital raise is via new pre-IPO share issue of up to 50,000,000 shares@ 10 cents per share to raise $5 million dollars. The funds raised will be spent on an initial sampling and gold testing program followed by the setting up of a 1000 cubic metres per day alluvial gold mine plant which is estimated to initially produce approximately 18,000 ounces gold per annum. Currently there are 200,000,000 VML shares on issue.

Subscribers of this pre-IPO seed raising will also have the right to receive a payment as a capital return in physical gold or cash equivalent for the same dollar amount of their share investment, to come from 50% of the profits generated by the gold mining operations at the Volador concession.

Volcan Holdings Inc “VOHO” incorporated wholly owned subsidiary Volcan Mining Limited (“VML”) to be listed on the ASX in 2021 via an Initial Public Offer (IPO) prospectus aiming to float once gold is produced at the Volador concession. Subscribers have an option to convert to VOHO OTC listed shares on a pari passu equal value basis and at any time prior to the close date.

VML will hold 100% of the Volador gold concession. Other prospective high grade hard rock gold and silver mine concessions in Ecuador are also currently being reviewed for potential deals and acquisition to further bolster the company asset base diversification, increase the share value and strengthen the short to long term profitable cash flows.

Slide 4 of the presentation......

Corporate background: Timely acquisition of the Volador gold concession southwest Ecuador

In October 2020 Volcan Holdings Inc VOHO signed a Heads of Agreement with All Metals Mineria S.A. to acquire 100% interest in the Volador alluvial gold concession in Southern Ecuador. The acquisition consideration is an issue of 226M shares in VOHO to various vendor entities, $650,000 in staged cash payments, plus a life of mine 5% net smelter royalty.

The principal Volador concession vendor and renowned Ecuador based gold mining magnate Mr Robert Washer has agreed to join the VOHO Board of Directors as the new Chief Executive Officer. This appointment brings VOHO vast hands on gold mine building and operational experience, expertise and knowledge, Robert being a proven southern Ecuador gold mine founder and highly successful profitable gold mine operator in Ecuador for over 25 years, particularly in the surrounding area of the Volador project.

Robert J. Washer, international adviser of All Metals S.A., has over 40 years experience in the mining industry including advanced exploration, mine development and gold production in various projects he developed in Australia with the implementation of 6 mining operations including being responsible for the biggest ball mill in the Western Hemisphere to produce 2 million tons ore per year for Broken Hill Metals and he also constructed the first continuous carbon and pulp plant in Western Australia for Kiora Gold. Robert Washer has been exploring and operating in Ecuador over the past 25 years, where he implemented and operated a 1000 ton/day Gold Mine in Zaruma just north of the Volador concession, for Dynasty Metals & Mining Inc.

David Evans BSc (Geology and Environmental Science) has also joined VOHO as an Executive Director. David was a founding Director and shareholder of Australian unlisted public company Rio Dorado Limited which owns and operates the Sabaleta Gold Mine in northern Ecuador. David will be General Manager of VOHO’s Ecuador subsidiary company and the Volador Gold mine team.

The Directors of VOHO are currently evaluating significant advanced hard rock gold and gold mine concession(s) and deposit acquisition opportunities in Ecuador to maximize the potential exponential growth trajectory of the Company and add further significant shareholder value.

Volcan Mining Limited website......

https://www.volcan.com.au/

January 2021 presentation......

https://www.volcan.com.au/wp-content/uploads/2021/01/VML-presentation-10.01.2021-2.pptx