Canadian Gold Resources Ltd T.CAN

Primary Symbol: V.CAN Alternate Symbol(s): CDNGF

Metals & Mining Gold

Canadian Gold Resources Ltd., formerly Amseco Exploration Ltd, is a Canada-based gold exploration and development company. The Company is focused on advancing its 100% owned gold properties in the Gaspe Gold Belt of Quebec, Canada. The Company is the owner of the Lac Arsenault Property, the VG Boulder Property, and the Robidoux Property. The Lac Arsenault project is located in the Gaspe Peninsula of Quebec, approximately 25 kilometers (kms) north of Paspebiac and 58 kilometers from Bonaventure, covering a total of 4,118 hectares. The Robidoux project is located in the western Gaspe Peninsula, Quebec, covering 1,940 hectares. The VG Boulder project is located in the Gaspe Peninsula, Quebec and covers 14 km along the prospective Grand Pabos Fault, spanning approximately 5,787 hectares.

TSXV:CAN - Post by User

Canadian Gold Resources Ltd > Davis Straight South

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Comment by darthmayhemon Oct 20, 2010 5:53pm

295 Views

Post# 17589767

RE: Davis Straight South

The outcome will be dilution for CAN, about 25mm shares...not a killer for a nice gold find like in Tanzania. SOC's outcome will be green.

I guess it pays (or costs) to do the whole due dilligence. IF I was a CAN shareholder I'd be mad that a bunch of rag-tag execs (someone else's words) stole $50mm from them, because their own management team couldn't take the proper precautions to ensure they owned the claim they drilled. Doesn't really matter, because there is not much of a difference between 550mm shares out and 575mm. The ones that bought the pull on SOC yesterday may feel a slight difference LOL!

Here's another question for the CAN shareholders, why didn't the recent PP underwriters find this problem either?...

Green is green, green is good.

GLTA!!

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