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Bullboard - Stock Discussion Forum Northern Freegold Resources Ltd. V.NFR

"Northern Freegold Resources Ltd is engaged in the exploration for mineral resources in the Yukon Territory, Canada and Arizona, USA."

TSXV:NFR - Post Discussion

Northern Freegold Resources Ltd. > The Market for Gold Mining Properties is Alive!
View:
Post by brentcook on Dec 30, 2014 1:08pm

The Market for Gold Mining Properties is Alive!

[ Goldgroup Mining 2014 Q3 Financial Statement ] shows exploration costs spent on the Caballo Blanco property as of Sep. 30, 2014 at US$28 million.

[ Goldgroup Mining News Release ] on Dec. 18, 2014: "Goldgroup Enters into Agreement to Sell the Caballo Blanco Project for Approximate Total Consideration of up to US$30 Million"

[ https://www.northernfreegold.com/i/pdf/2014q3FS.pdfNFR 2014 Q3 Financial Statement ] shows exploration costs spent on Freegold Mountain as of Sep. 30, 2014 at C$34,568,020.

Bill Harris gets a 1% NSR on anything mined out of Freegold Mountain.

Are there any shareholders out there who would like to help Bill Harris push through a sale of Freegold Mountain for C$30,482,000 and pay shareholders C$2.00 cash per share?
Comment by brentcook on Jan 25, 2015 7:38am
Jan. 15, 2015 Press Release Jan. 15, 2015 Press Release: "Northern Freegold Announces Private Placement . . . offering on a non-brokered basis of up to 13,333,333 units at a price of $0.0525 per unit for gross proceeds of up to $700,000. Each unit will consist of one common share and one share purchase warrant, each warrant being exercisable to acquire an additional common share at an ...more  
Comment by brentcook on Jan 27, 2015 3:55am
[ Reuters ] on April 20, 2010: "gold miner Kinross (K.TO) agreed to acquire exploration company Underworld Resources UW.V in a deal worth C$139.2 million ($139 million). Underworld's flagship asset is the White Gold project, located just north of Freegold Mountain." [ Kinross ] shows that White Gold has only 840,000 inferred ounces of gold, way less than the NFR gold indicated and ...more  
Comment by wintersun10 on Feb 02, 2015 1:48pm
financing for what? 5 pennies or so? ouch again.....
Comment by brentcook on Feb 02, 2015 3:24pm
Eagle Plains likely just took control of NFR. Termuende controls Eagle Plains as CEO, so Termuende likely controls NFR now. Eagle Plains 2013 Annual Statement: "On April 4, 2013, Eagle Plains Resources Ltd., through its wholly-owned subsidiary TerraLogic Exploration Inc., received conditional TSX-V approval to purchase from Northern Freegold Resources Ltd. (“NFR”) 8 ...more  
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