Re: 93.72 g Au/T-Channel Sample at Golden Extension Discovery BG Gold Camp

Timmins & Beardmore - Northern Ontario

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red911

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Re: 93.72 g Au/T-Channel Sample at Golden Extension Discovery BG Gold Camp

in response to

Re: 93.72 g Au/T-Channel Sample at Golden Extension Discovery BG Gold Camp

Chain

posted on Feb 26, 2009 05:21AM

No idea. 27.6 million were issued but 12 million went to MineralFields, who are not known to sell flow-through's at break-even to keep free warrants. Therefore, anywhere from 0 to 15.6 million out there to be sold at ~8 cents to keep 20 cent 'free warrants'. Realistically though, most who subscribe to PPs are not in it for just 'free warrants' so I would not say there are many to churn through. We have traded 4 million already this AM so looks like lots of interest to pick up these shares. Bids are strong. Only time will tell.