RE: News on Mountain Lake Resources From New MLM website ( Old MOA )
Although a new company, Mountain Lake Minerals ("MLM") is launching with a diversified portfolio of exploration projects that offer exposure to gold, antimony and base metals (Zn-Cu-Pb+) with an initial focus on three projects all located on the mining-friendly island of Newfoundland on Canada's east coast. These highly prospective projects are 100% owned by MLM, and boast a unique mix of discovery and resource development potential.
A seed-stage investment opportunity in the mineral resource sector:
- Private placement units being offered at CAD
.20 per unit
- Good structure - only 23,649,996 shares issued (before financing)
- ?Institutional investors including Sprott Asset Mgt. own over 35% of MLM
- Management team accomplished in exploration, development & operations
- Projects collectively offer the potential for large scale resource development
?MLM was created from Marathon Gold Corp.'s acquisition of Mountain Lake Resources ("MLR") in July 2012, which (1) consolidated the companies respective 50% interests in the
Valentine Lake Gold Property resulting in Marathon becoming the 100% owner of the project, and (2) saw MLR's other projects spun-out into Mountain Lake Minerals Inc.? MLR shareholders received 0.40 of a Marathon common share and 0.40 of a MLM common share for every MLR share held.
Whether you're a returning shareholder or a first time visitor, we welcome you to the Mountain Lake Minerals website. This is an exciting time for our new company and we encourage you to invest a few minutes and learn more about us