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Alien Metals Ord Shs ASLRF

Alien Metals Ltd is a United Kingdom-based mining exploration and development. The principal activity of the Company and its subsidiaries is the exploration and development of mineral resource assets. It holds a collection of projects within its portfolio, spearheaded by its Hancock DSO (direct shipping ore) iron ore project in which it has a 90% holding, through its 100% owned subsidiary the Iron Ore Company of Australia (IOCA). In addition to this, the IOCA portfolio consists of the Brockman (90%) and Vivash Gorge (100%) iron ore projects both surrounded by tier 1 tenements owned by mining corporates, such as Rio Tinto and FMG. Its Hancock Iron Ore Project is within 20 kilometres (km) of the established regional mining hub of Newman. Its Elizabeth Hill Silver Project is situated approximately 45 km south of Karratha in the Achaean Pilbara Block of the Pilbara Craton. The Munni Munni Project hosts significant PGE mineralization. This includes palladium, platinum, gold, and rhodium.


OTCPK:ASLRF - Post by User

Bullboard Posts
Comment by paulindoonon May 25, 2010 8:08am
417 Views
Post# 17127633

RE: Share Issuance

RE: Share IssuanceRegarding the exercise of the warrants from the Jan PP:
I have no idea whether or not my view is common or not but what I am thinking is that there is no rush to exercise the warrants since they will remain exercizable until Jan 23/11. The only reason i can see for doing so sooner rather than later is if someone needs the spread (profit = SP - 0.10) that the exercize would generate - of course I am assuming that the SP will be higher than the exercise price of
.10.

Please note that in Jan PP, there were some 69.997,139 shares placed with warrants for additional 35 million shares (each warrant = 1/2 share purchase @ 0.10). Those warrants will therfore raise another $3.5 million.
Link: https://www.ariansilver.com/s/NewsReleases.asp?ReportID=381873&_Type=Press-Releases&_Title=Arian-Silvers-3.5-Million-Non-Brokered-Private-Placement-Completed-and-Over...

Lastly, as these shares/warrants replaced the much misaligned Grafton deal, AGQ basically replaced Grafton with a slew of investors.
Bullboard Posts