Lundin refreshes buy of Linear Gold

Linear Gold Corp (C:LRR)
Shares Issued 32,563,435
Last Close 6/23/2009 $1.27
Tuesday June 23 2009 - In the News

Brien Lundin, in the June, 2009, edition of the Gold Newsletter, says buy Linear Gold Corp., recently $1.40. Mr. Lundin said buy Linear four times, between April, 2004, and February, 2006, at prices ranging from $1.50 to $7.70. He then said take some profits (sell half, perhaps) at $5.42 in July, 2005. Assuming an investment of $1,000 each time, selling half would have yielded a profit of $2,867. He said buy three more times between January, 2006, and September, 2007, at prices ranging from $2.27 to $6.09. The remaining investment ($5,000 cost) is now worth $2,366. The editor says Linear almost headed toward a legal dispute with GLR Resources Inc. The company started negotiations with GLR to purchase the near-production Goldfields project, but it was not yet ready to make an announcement. Then, according to Linear, GLR accepted a better offer from Santa Fe Metals Corp. On May 15, Linear won an injunction from the Nova Scotia Supreme Court to restrain GLR from proceeding with the other offer. Eleven days later Linear announced it had signed a definitive deal with GLR whereby it will pay $5-million (U.S.) and issue 727,273 shares, an exceptional deal according to Mr. Lundin.