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Solstice Gold Corp V.SGC.W


Primary Symbol: V.SGC Alternate Symbol(s):  SGCPF

Solstice Gold Corp. is a Canada-based exploration company with district-scale gold and lithium projects. Its 35 square kilometers (km2) Strathy Gold Project hosts high grade gold mineralization over a wide area straddling two NE-SW-trending structures. It is located in the Abitibi Subprovince of the Superior Craton. Its Qaiqtuq Gold Project covers 662 km2, hosts a 10 km2 high grade gold boulder field, is fully permitted and hosts multiple drill-ready targets. Qaiqtuq is located in Nunavut, only 26 km from Rankin Inlet and approximately 7 km from the Meliadine Gold Mine owned by Agnico Eagle Mines Limited. The Company's district-scale Atikokan Gold Project is approximately 26 km from the Hammond Reef Gold Project owned by Agnico Eagle Mines Limited. Its 194 km2 Red Lake Extension (RLX) and New Frontier projects are located at the northwestern extension of the prolific Red Lake Camp in Ontario and approximately 45 km from the Red Lake Mine Complex owned by Evolution Mining.


TSXV:SGC - Post by User

Bullboard Posts
Comment by David1234on Sep 29, 2014 8:45am
114 Views
Post# 22978629

RE:RE:Minimal dilution their neighboring project...

RE:RE:Minimal dilution their neighboring project...

tony1969 wrote:
I assume if a deal is done with NSU it will be a stock deal. I see NSU closed at $4.07 in Canada. If NSU is willing to pay $65 million they would only have to issue 16 million shares. An $80 million bid would require about 20 million shares. The $65 million dollar bid (about $.31 per share before warrants and options) would only be 8% dilutive to NSU's outstanding shares and the $80 million one (about $.38 per share before warrants and options) would be only 10% dilutive. This sounds like very manageable dilution for NSU shareholders and they would secure a massive resource at a bargain price. I bet Enamco would be a lot more flexible working with NSU than with basically any other interested party This is all my opinion.
merger between Nevsun and Sunridge will likely occur in the next 6 month.It is inevitable.

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Bullboard Posts