Columbus Gold Corp CGTFF

RE:RE:RE:RE:RE:RE:RE:RE:Stunning 75% loser ~ one year

[ukermann]

Little bit of volume today, and as blade pointed out, prices were all over the lot. Hmmm.... Yesterday, IAG announced they would be putting their Cote project on ice for a while. They, IAG, remain a significant shareholder in CGT from their Euro Resources deal who then had interests in this whole project. I believe they still hold exploration rights as well as a NSR on this Paul Isnard parcel. Here's a recap of an agreement that took place a couple of years ago. Could it be they're ready to make a move on us? In December 2011, EURO RESSOURCES entered into an Option agreement with Columbus Gold Corp. ("Columbus Gold") allowing for the restructuring of the existing royalty arrangements with Auplata (the "Option"). In November 2013, Columbus Gold exercised the Option and the Company thus transferred to Columbus Gold its rights on the royalty receivable from Auplata on any future gold production from the Paul Isnard Concessions. In return the Company received from Columbus Gold (i) cash, (ii) a 13.5% equity stake in Columbus Gold and (iii) a net smelter returns (NSR) royalty covering the Paul Isnard Concessions and an area of interest surrounding the concessions in French Guiana (the "Paul Isnard Royalty") (see section 3.3.2.1 of the draft information note for more details on this Paul Isnard Royalty). The Paul Isnard gold development project is currently being advanced by Columbus Gold with an estimated production start in 2020, subject to additional technical assessments, permitting and capital availability.