Stratton Holdings, Inc. (STHG - OTC Pink) issues today the details on the recent West African Gold Mining JV with Advanced Resource Development Corporation. Stratton Holdings Group acts as a non-operator, funding the JV with a $750,000 investment prior to next mining season and receiving 100% of revenues until it reaches a 20% ROI, with a 50/50 split on net revenues thereafter. Advanced Resource will provide logistic, technical and operating expertise essential in maximizing overall returns. The teams have more than twenty years experience in the mining industry.
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Maybe that is why our ASK is now at 7? Our JV has some pretty good financing!