Posted by AGORACOM
at 7:59 AM on Wednesday, February 17th, 2021
Plan of arrangement with Stinger Resources Inc. is expected to occur at 12:01 a.m. on February 25, 2021
Stinger Assets include property interests, Tudor Gold Corp. shares, $2,500,000 cash, the right to contingent cash payments on exercise of certain outstanding warrants, and certain real property
Stinger will trade under “STNG” on TSXV
AMK retains 20% Carried Interest to Production at Treaty Creek
American Creek Resources Ltd. (TSXV: AMK) (the “Company” or “American Creek“) is pleased to announce that further to its press release dated December 5, 2020, the effective date for the spin-out of certain assets, including property interests, Tudor Gold Corp. shares, $2,500,000 cash, the right to contingent cash payments on exercise of certain outstanding warrants, and certain real property, to its shareholders by way of a plan of arrangement (the “Arrangement“) with Stinger Resources Inc. (“Stinger“) is expected to occur at 12:01 a.m. on February 25, 2021 (the “Effective Date“).
Pursuant to the arrangement, holders of common shares of American Creek as of the close of business on February 24, 2021 will receive one new common share of American Creek (each, an “American Creek Share“) and 0.11324 of a Stinger common share (each, a “Stinger Share“). The existing common shares of American Creek are expected to be delisted on the TSX Venture Exchange (the “TSXV“) as of the close of business on February 24, 2021. American Creek Shares are expected to commence trading on the TSXV at the market opening on February 25, 2021. The CUSIP numbers for the new American Creek Shares and the Stinger Shares will be 025288309 and 860836105, respectively.
Olympia Trust Company (“Olympia Trust“) will forward replacement certificates to each American Creek shareholder that is entitled to receive certificates, representing their allotted number of new American Creek Shares and Stinger Shares in accordance with the Arrangement. Letters of transmittal have been mailed to registered holders of common shares of American Creek, which must be completed and returned to Olympia Trust together with the share certificates of American Creek at the address specified in the letter of transmittal, in order for American Creek shareholders to receive new American Creek Shares and Stinger Shares following the Effective Date. A copy of the letter of transmittal is also available under the Company’s profile on SEDAR at www.sedar.com. For more information, see the Company’s management information circular dated October 29, 2020 filed under the Company’s profile on SEDAR at www.sedar.com.
Stinger has received conditional approval to list the Stinger Shares on the TSXV. Final listing approval will be subject to Stinger satisfying all of the listing conditions of the TSXV. Stinger will announce by way of a further press release the date on which trading of the Stinger Shares will commence, which is expected to be in the first week of March, 2021. The trading symbol for the Stinger Shares will be “STNG”. Further details regarding Stinger will be contained in Stinger’s TSX-V Form 2B Listing Application, which is expected to be made available under Stinger’s profile on SEDAR at www.sedar.com on February 25, 2021.
Posted by AGORACOM-JC
at 6:00 PM on Thursday, February 11th, 2021
When you have a billion dollar major scouring your land for a major gold discovery in excess of 5 million ounces, most juniors would find little motivation to continue their own exploration.
Not Loncor. Loncor has the goods on their JV partner Barrick to the sum of 3.7 million ounces and counting; outside of the JV. They plan on growing ounces through drilling and have 5 million ounces in their sights. Right around the threshold for what Barrick is looking for and currently outside of their reach.
If that isn’t enough to grab your attention, Newmont Owns 6% , Resolute Owns 26% and CEO Arnold Kondrat Owns 27%
Tune in to discover why their JV with Barrick is their 2nd best asset, making Loncor the SmallCap Exploration company to own.
Posted by AGORACOM
at 8:54 AM on Thursday, February 11th, 2021
John Newell is a portfolio manager at Fieldhouse Capital Management and president and CEO of Golden Sky Minerals Corp.
He has 38 years of experience in the investment industry acting as an officer, director, portfolio manager and investment advisor with some of the largest investment firms in Canada including Scotia McLeod, CIBC Wood Gundy and Richardson Greenshields (RBC Capital Markets).
Newell is a specialist in precious metal equities and related commodities, and follows a disciplined proprietary approach incorporating equity research, analytical frameworks and risk controls to evaluate and select long and short stocks primarily from the Canadian small and mid-cap coverage.
Many large, midcap and junior precious metal companies use his technical charts. Newell is a registered portfolio manager in Canada (advising representative).
Two days ago industry specialist John Newell put out charts showing AMK was undervalued by 74% You can view that email here.
Posted by AGORACOM
at 2:14 PM on Wednesday, February 3rd, 2021
John published a new chart showing the stock pricing for the Treaty companies compared to the value of Treaty Creek that each company owns.
In American Creek’s case it is trading at a 74% discount to its contractual value of “20% of Treaty Creek
John Newell is a portfolio manager at Fieldhouse Capital Management and president and CEO of Golden Sky Minerals Corp. He has 38 years of experience in the investment industry acting as an officer, director, portfolio manager and investment advisor with some of the largest investment firms in Canada including Scotia McLeod, CIBC Wood Gundy and Richardson Greenshields (RBC Capital Markets). Newell is a specialist in precious metal equities and related commodities, and follows a disciplined proprietary approach incorporating equity research, analytical frameworks and risk controls to evaluate and select long and short stocks primarily from the Canadian small and mid-cap coverage. Many large, midcap and junior precious metal companies use his technical charts. Newell is a registered portfolio manager in Canada (advising representative).
On Monday February 1st, 2021 John published a new chart showing the stock pricing for the Treaty companies compared to the value of Treaty Creek that each company owns. In American Creek’s case it is trading at a 74% discount to its contractual value of “20% of Treaty Creek”.
Below are Johns notes and charts:
Déjà vu all over againAMK owns a 20% carried interest in the Treaty Creek Gold Project located in BC’s Golden Triangle. Tudor (TUD) owns 60%, Teuton (TUO) 20%, and American Creek (AMK) 20%. As Highlighted in the spread sheet below.AMK is trading at a 74% discount to Tudor (at $2.50 per share). This represents the same deep undervaluation compared to Tudor as when AMK was trading under $0.10 per share.Recently completed 45,600 meter highly successful drill program to expand and extend gold mineralization at Treaty Creek. The deposit remains open in all directions.Maiden resource is being calculated and will be announced soon.Tudor’s technical chart breaking the short-term downtrend line after last years big run.AMK has exchange, regulatory, and shareholder approval for their “Stinger” spin-out to add shareholder value, giving shareholders a cash rich past producer next to Ascot Resources.Strong insiders share ownership of AMK shares, aligning with shareholders
Posted by AGORACOM
at 1:08 PM on Wednesday, February 3rd, 2021
1st tranche of $4M
Insiders Participating
Expected to Close Further $1M
Loncor Resources Inc. (“Loncor” or the “Company“) (TSX: “LN”; OTCQX: “LONCF”; FSE: “LO51”) is pleased to announce that, further to its January 22, 2021 press release, it has closed a first tranche of its non-brokered private placement financing (the “Financing“) for 8,000,000 units of the Company (the “Units”) at a price of Cdn$0.50 per Unit for gross proceeds of Cdn$4,000,000. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant“) of the Company, with each Warrant entitling the holder thereof to acquire one common share of the Company at an exercise price of Cdn$0.75 for a period of 12 months following the closing date of the Financing. A total of 1,400,000 of the Units were purchased by insiders of the Company. The Company expects to close the balance of the Financing (up to 2,000,000 Units at a price of Cdn$0.50 per Unit for gross proceeds of up to Cdn$1,000,000) next week.
The Company intends to use the proceeds from the Financing for continued exploration and development of the Company’s Imbo Project (including finalizing the current drill program at the Adumbi gold deposit and, following this program, undertaking a Preliminary Economic Assessment of Adumbi and its neighbouring deposits) and for general corporate purposes.
Posted by AGORACOM
at 12:13 PM on Tuesday, January 26th, 2021
Affinity Metals (AFF : TSXV) discusses rational for recently acquired Carscallen Extension property. The Carscallen Extension immediately adjoins the Melkior/Kirkland Lake Gold JV Carscallen Project located approximately 6 km west of Pan American Silver’s West Timmins Mine and approximately 25 KM West of Timmins.
Affinity announced the commencement of drilling on trend with the projected extension of the Shenkman-ZamZam gold system which has been the focus of the Melkior/Kirkland Lake Gold JV.
Posted by AGORACOM
at 7:57 AM on Friday, January 22nd, 2021
Loncor Resources Inc. (“Loncor” or the “Company“) (TSX: “LN”; OTCQX: “LONCF”; FSE: “LO51”) is pleased to announce a non-brokered private placement of up to 10,000,000 units of the Company (the “Units”) at a price of Cdn$0.50 per Unit for gross proceeds of up to Cdn$5,000,000 (the “Financing“). Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant“) of the Company, with each Warrant entitling the holder thereof to acquire one common share of the Company at an exercise price of Cdn$0.75 for a period of 12 months following the closing date of the Financing.
About Loncor Resources Inc. Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Belt in the northeast of the Democratic Republic of the Congo (the “DRC”). The Loncor team has over two decades of experience of operating in the DRC. Ngayu has numerous positive indicators based on the geology, artisanal activity, encouraging drill results and an existing gold resource base. The area is 220 kilometres southwest of the Kibali gold mine, which is operated by Barrick Gold (TSX: “ABX”; NYSE: “GOLD”). In 2019, Kibali produced record gold production of 814,000 ounces at “all-in sustaining costs” of US$693/oz. Barrick has highlighted the Ngayu Greenstone Belt as an area of particular exploration interest and is moving towards earning 65% of any discovery in approximately 2,000 km2 of Loncor ground in the Ngayu Greenstone Belt that they are exploring. As per the joint venture agreements entered into between Loncor and Barrick, Barrick manages and funds exploration on the said ground until the completion of a pre-feasibility study on any gold discovery meeting the investment criteria of Barrick. In a recent announcement Barrick highlighted six prospective drill targets and have commenced confirmation drilling in 2020. Subject to the DRC’s free carried interest requirements, Barrick would earn 65% of any discovery with Loncor holding the balance of 35%. Loncor will be required, from that point forward, to fund its pro-rata share in respect of the discovery in order to maintain its 35% interest or be diluted.
In addition to the Barrick joint ventures, certain parcels of land within the Ngayu Belt surrounding and including the Adumbi and Makapela deposits have been retained by Loncor and do not form part of any of the joint ventures with Barrick. Barrick has certain pre-emptive rights over the Makapela deposit. Adumbi and two neighbouring deposits hold an inferred mineral resource of 2.5 million ounces of gold (30.65 million tonnes grading 2.54 g/t Au), with 84.68% of this resource being attributable to Loncor via its 84.68% interest in the project. Loncor’s Makapela deposit (which is 100%-owned by Loncor) has an indicated mineral resource of 614,200 ounces of gold (2.20 million tonnes grading 8.66 g/t Au) and an inferred mineral resource of 549,600 ounces of gold (3.22 million tonnes grading 5.30 g/t Au).
Resolute Mining Limited (ASX/LSE: “RSG”) owns 26% of the outstanding shares of Loncor and holds a pre-emptive right to maintain its pro rata equity ownership interest in Loncor following the completion by Loncor of any proposed equity offering.
“If Tudor Gold lives up to the high expectations of market participants and has a powerful gold resource of 15-30 million ounces of gold on Treaty Creek, we believe that an unprecedented takeover battle for one of the most attractive gold projects in Canada will ensue”
These statements are taken from JS Research’s latest report (found below) on Treaty Creek and our JV partner Tudor Gold. The report highlights this year’s 45,600m program at Treaty Creek as we look forward to the initial resource calculation on the property.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.
American Creek has not independently confirmed the technical information in the JS Research report.
