TSX Placement CDN $6.5M (Discount 21% to 30 day VWAP)

TSX Placement CDN $6.5M (Discount 21% to 30 day VWAP) - Advanced Gold Explorer

Categories:	Securities, Unissued Securities
Sale Type:	Asking Price
Price Guide:	CAD $0.055 per share + 1 free warrant/option. Current market cap $3.75M from high of $90M.
Status:	Closed

Summary:

The TSX listed Company has 100% ownership of an advanced gold project. The project with €40M invested to date is technically robust situated in a highly prospective region. Drilling to date totals 65,000m in 440 holes (245 diamond drill holes). Measured and indicated category resources containing 715,000 ounces Au grading 6.19 g/t Au at a 3.0 g/t Au cut off with significant engineering proving flotation gold recoveries of 96%. The Company has recently appointed a highly experienced Board, Management and Technical team. Feasibility Study due within 6 months. Package module plant already in design and costing. Project finance options in discussion.