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Goldquest Mining Corp V.GQC

Alternate Symbol(s):  GDQMF

GoldQuest Mining Corp. is a Canada-based mineral exploration and development company. The Company is engaged in the identification, acquisition and exploration of mineral properties. It is focused on gold and copper in the Dominican Republic. Its projects include Romero and Tireo. The Romero project includes its Romero and Romero South deposits, which are located within the La Escandalosa exploration concession of its Tireo Property, which has an area of approximately 3,997 hectares (ha). The Tireo project (also known as the San Juan concessions) is situated in the Central Cordillera of the Dominican Republic near the San Juan provincial capital of San Juan de La Maguan. Its other projects include Las Animas and Cerro Dorado. Its Las Animas project is situated approximately 100 kilometers (kms) north-west of the capital Santo Domingo. The Las Animas project comprises of over two claims. Its Cerro Dorado project is located in the Monsenor Noel province.


TSXV:GQC - Post by User

Post by goldenriviton Mar 22, 2023 12:55pm
215 Views
Post# 35353998

Logic for merger

Logic for mergerOf PRG into GQC makes a win win for both companies shareholders as I pointed out to Bill and Jeff today.As PRG trades at only its cash value in market cap and GQCs inventory of gold trades at less than $10 per oz neither sets of both shareholders are merging over valued assets.But the combined entity would have $20 million CDN in cash and  much larger property land package in one of the worlds best geologic settings the DR.

On top of that PRG shareholders would gain access to the Romero 3.5 million oz and "parciptate" in its future mining operation.Then in return GQC would get the PRG properties in the DR next to Romero as well as the Barrick/PRG JV with exploration under way along with PRGS cash account of $10 million.But the biggest plus with the merged companies is two vested world class miners AEM and Barrick in the same company.
The DR gov would then have little doubt about Romero being mined by one or both companies running the Romero project as well as Barricks PV mine is proof of responsible mining either as a vested interest in GQC or buying GQC out and running the mine by a Barrick/AEM JV

A merger of PRG and GQC is in my view the best deal for both companies as combined both companies would not have to raise any more capital in these depressed capital markets.I urge both PRG and GQC shareholders to send a message to Bill and Jeff to work out the details of a merger ASAP.
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