Post by
McLacherty on Oct 03, 2010 11:09am
VAA owns 20% Freemont Gold
Freemont Gold just had 2.9 million invested in company and shares sit in 40 cent range.
In Kenya, VAAldiam owns a 1.5% Gross Revenue Royalty on all product revenue from the Kwale Mineral Sands project.
VAAldiam owns 10,625,000 common shares of Flemish Gold Corp., a private exploration company with properties in East Africa, which it purchased for US$3.4 million. Flemish Gold Corp. recently completed a private placement of $6.1 million net of costs at a price of $0.75 per share, valuing VAAldiam’s investment at $8 million.
VAAldiam owns 20% of Freegold Ventures Ltd., a promising gold exploration company with properties in Alaska and one million common shares of Western Standard Metals Ltd.
Freemont Gold just had 2.9 million invested in company and shares sit in 40 cent range.