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Nagambie Resources Ltd V.NAG


Primary Symbol: NGMBF

Metals & Mining Gold
Nagambie Resources Limited is an Australia-based natural resources exploration company. The principal activities of the Company include exploration for, and development of, gold, associated minerals including antimony, and construction materials in Australia, and the investigation and development of waste handling assets. The Company is focused on targeting epitherm alantimony-gold mineralized systems across 3,200 square kilometers of tenements in the Waranga Domain of the Melbourne Structural Zone, in Victoria, Australia. The Company's flagship project is the Antimony-Gold Project, which sits in proximity to the gold-antimony mines at Fosterville (Agnico Eagle) and Costerfield (Mandalay Resources). The Antimony-Gold Project is located at the 100% owned Nagambie Mine. Its Whroo Goldfields project is located approximately 130 kilometers (km) north of Melbourne. It also holds interest in Whroo Project, PASS Project, and Sand Project.


OTCPK:NGMBF - Post by User

Nagambie Resources Ltd > GG if they have another PP
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Comment by goldengirl20on Oct 08, 2010 9:27am
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Post# 17544555

RE: RE: RE: RE: GG if they have another PP

RE: RE: RE: RE: GG if they have another PPApril 21, 2010: North American Gem Inc. (NAG) (TSX-V symbol: NAG) reports that it has currently raised $929,120 through the exercising of warrants. In combination with the revenue being produced from mining operations at the North American Gem #1 Mine, the money raised through the exercising of warrants will be used to fund several of NAG's upcoming projects. In particular, the money raised will fund the bonding for the North American Gem #2 Mine, the bonding for the pending Swan Pond lease (North American Gem #3 Mine) and provide the capital necessary for the building of additional hauling roads and sediment ponds.

"As a result of the recent infusion of capital, the Company will not have to go to the to the public market to raise additional funds to satisfy our near term needs." stated Charles Desjardins, President of North American Gem Inc. "This capital will ensure full funding for all of North American Gem's current projects and will also allow the Company to acquire additional coal leases and permit multiple land tracts."

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