GREY:SGGDF - Post by User
Comment by
i8emailon Jun 23, 2010 6:23pm
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Post# 17216065
RE: NEWS: Gryphon Gold Closes US$200,000 Private P
RE: NEWS: Gryphon Gold Closes US$200,000 Private PAt .14 cents.. You have to be kidding me!!Gryphon Gold Corporation (TSX:GGN)(OTCBB:GYPH) announced today that it has closed a US$200,000 Private Placement to Sage Gold as contemplated by the March 8, 2010 Option Agreement, as amended. Gryphon has issued 1,464,429 units at a price of CDN
.14/unit for gross proceeds of C$205,000.
How much do they need $9MM = 64 MM shares .. this is a lot of dilution.
But no one will give them all that money knowing how this management team is a burning dollar machine
They play a Monopoly game.... pass GO and collect more from Shareholders.
This company is going nowhere. RED911 go complain on Kodiak AGO Board... How much money KXL have $20 MM!!
How much money Sage Gold have in Bank..... How much money did we get by investing in this POS...