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Marlin Gold Mining MALZF

Marlin Gold Mining Ltd is engaged in the exploration, development and production of gold and silver in the Americas. The company owns three properties located in Mexico and the USA and a portfolio of royalties. Its properties portfolio includes Commonwealth project, Arizona, United States; Gavilanes Project, Durango, Mexico; and La Trinidad Mine, Sinaloa, Mexico.


OTCPK:MALZF - Post by User

Bullboard Posts
Post by BFREE2on Jul 13, 2010 1:26pm
498 Views
Post# 17265655

Warrants from July 10, 2008 Financing

Warrants from July 10, 2008 Financing

The $1.00 warrants would have expired last week.

Macquarie paid 55 cents a share and let the $1.00 warrants expire last week. I highly doubt they exercised any of the 75 cent warrants and I have zero doubt that they unloaded all of the 55 cent shares during the run over a dollar.

Now they're holding common shares priced at 40 cents, plus warrants and options - presumably priced at the same level. For 'our' sake, let's hope they get to double their money this time around as well.

From their July 10, 2008 News Release:

Oro Gold Completes First Closing of Non-brokered Private Placement

Oro Gold Resources Ltd. (“Oro Gold”) (TSX-V: OGR) has completed a first closing of a non-brokered private placement announced June 10, 2008. Under the first closing, Oro Gold issued 2.9 million units at a price of
.55 per unit, for gross proceeds of $1.587 million. Oro Gold intends to complete a second closing of the previously announced private placement shortly. 

Each unit consists of one common share and one-half of one common share purchase warrant, each whole warrant entitling the holder to purchase one additional common share of Oro Gold at a price of
.75 per share for the first year and $1.00 per share for the second year after the date of issuance.


Bullboard Posts