Gold Summary for June 30, 2014
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"Kirk McKinnon's Honey Badger Exploration Inc. (TUF: $0.04) is trying to raise $3-million by selling 20 million units at 15 cents. The company plans to use the money at its Sagar gold property in Northern Quebec. It is optioning Sagar from another McKinnon deal, Energizer Resources Inc.(EGZ: $0.13), which seems to have an infatuation with its Green Giant property in Madagascar. Green Giant started out, according to Mr. McKinnon, as "one of the world's largest" gold properties, after which it became one of the world's largest vanadium properties and now it is one of the world's largest graphite properties. Mr. McKinnon was CEO of both Honey Badger and Energizer until Sept. 13 of last year. That day he also stepped down as CEO of Red Pine Exploration Inc. (RPX: $0.02) and as CEO of MacDonald Mines Ltd. (BMK: $0.02), although he remains on all four companies' boards. Mr. McKinnon got his promotional start in 2003 at MacDonald Mines, where he took over from long-time promoter Frank Smeenk. In those days, MacDonald was busy exploring at its MacNugget and Big Mac properties in Ontario; today it is having diffculty with negative $250,000 in working capital."