Gold Canyon Resources Inc V.GCU

CIBC World Markets- estimates 43-101

[Goldblack]

Will be in the 4.0 mil ounce range...I wouldn't think they would be out 2.0 million in their estimate.

Maybe we should get Jethro  Bodein down to CIBC to double check their figures....LOL GLTA

[Goldblack]

Just to refresh peoples memories..GCU closed on Nov 3/11 a $15.0 million private placement(for their 2012 drill program,43-101,etc) . The company issued approx 1.797 mil shares @ 2.35 and 3.852 mil Flow through shares at 2.80. After the issue the total outstanding shares on a Pro Forma basis was 107,176,312 shares.  CIBC World Markets was the lead Brokerage House.   Sprott Asset

[Geospot]

Goldblack, thanks for the post. A well-constructed share structure can make all the difference. This one seems built of brick, unlike a lot of juniors that use straw. Have you found any information on the number of shares held by the CEO? As the founder along with her late husband, over the something like 20 years she must have accumulated a certain percentage of the company. I think research

[statsman1]

"Have you found any information on the number of shares held by the CEO? As the founder along with her late husband, over the something like 20 years she must have accumulated a certain percentage of the company. I think research would show that, unless she needed to pay the upfront costs of acquiring options under the new tax law, she probably hasn't sold any shares. And I would guess

[boyon]

According to Sedi.ca she owns 2,529,201 shares.

[Geospot]

Thanks. If it was a snake it would have bit me, as they say in the upper middle part of the States.