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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 richc3on Mar 28, 2016 1:43pm
181 Views
Post# 24705096

RE:Money

RE:MoneyExpected closing is April 18th, but let's remember that this is also the same company that thought they'd close no later than February 29th.

In any case, from their news release... "The first Distribution will be made shortly after closing and the second Distribution approximately six months later, after receipt of the final installment of the Deferred Payment. Shortly after closing the Board will determine and publicly announce the record date for, and the expected amount of, the Distribution and the timing of paying the first tranche to shareholders."

So it depends on how they define "shortly." Hopefully, it's within 2 weeks after closing. Let's also hope they haven't been fiddling their thumbs and already did the math on their expenses as it's likely the shareholders are the ones getting paid last with whatever remains.


Bullboard Posts