Wednesday, November 30, 2011 2:12:37 PM
Martin Bolodian
Investor Relations
Phone: (401) 648-0805 ext. 350
Fax: (401) 648-0699
www.sungrominerals.com
With the initial NI 43-101 report in hand, the Company has been able to work more diligently on raising the funding outlined in the report for the exploration and development program outlined by Mr. Moore.
Since the report's issuance, the Company has been working with a number of potential investors, investment groups, strategic partners, and potential joint venture partners.
This process is a long one given the amount of funding sought, and the due diligence required prior to closing which is quite extensive given the need to review in depth the conclusions of Mr. Moore in the NI 43-101, explore legal and environmental issues, and analyze the company's business plan.
The Company is actively engaged with a number of groups that are well into this process and hopes that announcements should be forthcoming in the near future.
In the interim, the Company has arranged for various bridge financings which have permitted the above work to proceed without interruption.
> The Company expects that the second half of its fiscal year will yield even greater results for our shareholders.<
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
