RE:RE:Former CEO of VG GOLD $3 million to $200 million mkt cmartinboy wrote:
" ... radically undervalued ..." West Red Lake ?
Based on what ? There is nothing serious about RLG.CN - except of the fact, that they are totally bankrupt:
https://finance.yahoo.com/q/ks?s=RLG.CN+Key+Statistics
Still valued at 8 million as MC, until folks realize the above.
No insider holdings ? Despite being "radically undervalued" ?
Hmmm ... sound strange to me (incl. today's price drop of 16+ %).
Birds of feather, flock together. Lexam VG is a great stock in my opinion as well. The connection is large deposits of Gold with high mineralization. Both West Red Lake and Lexam VG are very undervalued. Large corporations are buying them up. It's only a matter of time. The Company issued 3,600,000 common share units (the Common Share Units) at a price of $0.05 per Common Share Unit for aggregated gross proceeds of $180,000. Each Common Share Unit consists of one common share in the capital of the Company and one half of a common share purchase warrant (the Warrant). Each full Warrant issued in connection with the financing entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.10 per share for a period of 24 months from the date of issuance. Proceeds from the Common Share Units will be used for exploration expenditures on the Companys gold project located in Red Lake, Ontario, and for general corporate purposes. In connection with the financing, the Company paid $14,400 in finders fees to qualified registrants. As a result of the financing, Accilent Capital Management Inc., an investment advisory services firm and principal shareholder of the Company through its involvement as a finder and as a subscriber of Common Share Units through its affiliate Pavilion Limited Partnerships, has increased its direct and indirect holdings of the voting securities of the Company from 34.9% to 38.7% on a fully diluted basis. Read more at https://www.stockhouse.com/news/press-releases/2016/02/12/west-red-lake-gold-mines-closes-180-000-financing#pVmDfMRRQ3eZAB0k.99