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Azucar Minerals Ltd T.AMZ


Primary Symbol: V.AMZ Alternate Symbol(s):  AXDDF

Azucar Minerals Ltd. is a Canada-based mineral exploration and development company. The Company is engaged in acquisition and exploration of mineral resource properties in Mexico and acquisition of property and equipment in Canada. The Company is focused on exploration of the El Cobre project in Veracruz, Mexico. The El Cobre Property claim block covers approximately 11,860 hectares, which contains copper-gold porphyry mineralization over a strike length of at least four kilometers (km). The property is located adjacent to the Gulf of Mexico approximately 75 km northwest of the city of Veracruz in the state of Veracruz, Mexico. The Company has discovered five copper-gold porphyry zones within the property along an approximately four to five km trend, stretching from Norte down to Encinal in the southeast. The El Cobre Project is consistent with the porphyry copper-gold-silver-molybdenum (Cu-Au+/-Ag+/-Mo) deposit model.


TSXV:AMZ - Post by User

Post by purseon Dec 15, 2010 12:26pm
303 Views
Post# 17850460

good news

good newsThe news release was excellent news. The reason being is that we did a private placement of only 960,000 shares   at $4.17. The quote from release is     "The placement is anticipated to include the participation of a strategic Latin American investor with expertise in the fertilizer and farming sectors." imo someone wanted in on amazon big time, this person is from latin america possibly brazil who was a good knowledge about the company. That definitely says alot about this project. The company could have done a private placement at $2 or $3 or $4 for a huge amount of shares, but they never. They did 960,000 shares thats it. So they raised some cash , 4 million dollars and never even hardly diluted the stock. I'm thinking they could have done a huge private placement and really diluted the crap out of this. Now what this tells me is that they think that this stock has alot more upside in it before they do a major private placement, if they do. I just see this as the best news possible about raising money. I have to give the management big time credit for this move. This is my opinion only guys and gals.
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