St James Gold Corp V.LORD

Alternate Symbol(s): LRDJF

Metals & Mining Industrial Metals & Minerals

St. James Gold Corp. is engaged in the acquisition, exploration and development of mineral resource properties located in Canada. The Company holds a 100-per-cent stake in 29 claims, covering 1,791 acres, in the Gander gold district in north-central Newfoundland located adjacent to New Found Gold Corp.’s Queensway North project; and a 100-per-cent stake in nine claims and an option to acquire a further 100-per-cent interest in 19 claims, covering a total 1,730 acres, in central Newfoundland located adjacent to Marathon Gold's Valentine Lake property. Its Grub Line property is located 3.5 kilometers west of the town of Gander, NL. The Quinn Lake Property comprises two contiguous mineral licenses totaling 700 hectares (ha).

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St James Gold Corp

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Post by bjhernonon Jan 29, 2010 9:36am

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Post# 16732005

MD&A on SEDAR

Financing ...

OVERALL PERFORMANCE

The Company has been able to continue its exploration program with funds raised in previous fiscal years. The exploration program was focused on the Lone Pine property (the “Property”) as the Company completed the drilling program.

Subsequent to the year ended September 30, 2009, the Company announced that it had arranged a non-brokered private placement, raising gross proceeds of $1,034,000. See “Liquidity” for further details.

... and

LIQUIDITY

Financing of operations is achieved primarily by issuing share capital. At September 30, 2009, the Company had $142,548 in cash and cash equivalents and $975,891 in working capital.

On October 5, 2009, the Company announced that it had arranged a non-brokered private placement of up to $1,000,000 through the sale of up to 4,166,666 flow-through units (the “FT Units”) at
.12 per FT Unit and up to 4,166,666 units (the “Units”) at
.12 per Unit.

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