TSXV:EPO.H - Post by User
Post by
marketmover1on May 04, 2010 9:29am
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Post# 17059750
Talked to EPOs IR
Talked to EPOs IREPO investor relations told me that EPO is in the process of putting the final terms together on a financing. They tell me that EPO is raising 7 million @ .24 cents. They could not give me details on the financing but they did say this financing should pay for a resource est. on the Muskowekwan land. IR also said that EPO would like to have a resourse estimate by this fall. Seems a little optimistic to me, I would think it would be more in the 4th quarter. So a quick calculation on valuation, EPO is now sitting at 198 mil shares fully diluted. So another 30 mil share for the financing plus 1 warrant per share would put the float at 260 +/share just for Muskowekwan alone. Let's not forget that the Spar property looks pretty good too. At any rate the SP will be under pressure as people may be selling to get into this financing, short term anyways. GLTA
MM1