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Westhaven Gold Corp. V.WHN

Alternate Symbol(s):  WTHVF

Westhaven Gold Corp. is a Canada-based gold-focused exploration company. The Company is advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt (SBGB). It controls approximately 37,000 hectares (ha) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose property covers over 17,623 ha and is located near the southern end of the SBGB, approximately 30 kilometers (km) south of Merritt, British Columbia. Its other projects include Prospect Valley Gold, Skoonka Creek Gold and Skoonka North. Its Prospect Valley Gold project covers over 10, 927 ha and is located roughly 30 km to the west of Merritt, British Columbia and is situated in the SBGB. The Company owns a 100% interest in the Skoonka Creek property, which is situated near the northern end of the SBGB. Its Skoonka North Property consists of three contiguous mineral claims encompassing approximately 6,167 ha.


TSXV:WHN - Post by User

Bullboard Posts
Post by cicerellion Dec 21, 2019 3:27pm
237 Views
Post# 30480043

Poached opinion

Poached opinionI poached this response off a white gold thread. I think this is an attractive potential for moving this forward. In the same video Shawn mentions "SpinCo." The plan, as I understand it, is that once a viable deposit has been found, it will become an asset of "SpinCo" (a new company), and shares in this new company will be given, pro rata, to existing White Gold shareholders. At some point a bidding process is entertained for SpinCo, and the cash rolls into SpinCo shareholders' pocket. Obviously all sorts of deal types could be structured, depending on management's preference. Agnico and/or Kinross may or may not be involved in the bidding...it's their choice. The benefit of spinning out deposits is that White Gold keeps exploring their large land base (which WGO apparently excels at) and the shareholders get compensated one deposit at a time. What's not to like?
Bullboard Posts