Post by
Wangotango67 on Nov 24, 2022 4:14pm
ARCHER EXPLORATION
Archer has ( 11 million shares out ) based on ceo.ca - stats.
Yet... Archer has given Walbridge -
As consideration for the Nickel Assets, the Company issued to Wallbridge 66,211,929 common shares (each, a “Consideration Share”) with an aggregate deemed value of approximately C$53.6 million (valued using the July 12, 2022 closing price of such shares). Archer also granted to Wallbridge a 2% net smelter return royalty on production from the Grasset Project.
Why would Walbridge roll thier nickel claims into, Archer ?
Is Archer = Walbridge ?
lol
66.2 million shares vs 11 million ourstanding prior to transaction.
Walbridge i'd say... has a 600% share control - lol
While the press focuses on - Grasset - i'm also reading - Nickel Assets...
Ans well... i wish they'd given the size of the Grasset claims to enable one to deduct the size
of Grasset from - 2,046 mining titles...
I'd like to know if, Worthington claims ( BMK's - former nickel claims ) also went with this package...
The Nickel Assets consist of 2,046 mining titles covering approximately 67,000 hectares and include a 100% interest in the Grasset nickel sulphide project located in Quebec (the “Grasset Project”).
https://archerexploration.com/news/archer-exploration-completes-acquisition-of-grasset-nickel-deposit-and-other-nickel-assets-from-wallbridge-mining/
In this same press....
Yet another mentioning mine closure plans...
The Company also agreed to assume obligations under the closure plan relating to Wallbridge’s Broken Hammer open pit mine which ceased operation in 2015 (the “Mine Closure Plan”).
What the ( h ) is going on around, Sudbury ?
The big shuffle ?