Search Minerals Inc V.SMY

Alternate Symbol(s): SHCMF

Metals & Mining Industrial Metals & Minerals

Search Minerals Inc. is a Canada-based integrated mineral exploration and development company. The Company is focused on developing critical rare earths elements (CREE), zirconium (Zr) and hafnium (Hf) resources within the Port Hope Simpson-St. Lewis CREE District of Southeast Labrador. The Company's projects include Deep Fox Resource, Foxtrot Resource, Fox Meadow Prospect, Silver Fox Prospect and other REE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 kilometers (km) long belt forming a REE District in Labrador. The Deep Fox Resource is located approximately two km northeast of the port of St. Lewis on the southeast Labrador coast, within 12 km of the Foxtrot resource. The Fox Meadow Prospect is located approximately 11 km west of Port Hope Simpson and one km northwest of a gravel forest access road which extends southwestward from the Trans-Labrador Highway. The Red Wine property is located approximately 80 km north-east of Churchill Falls, Labrador.

TSXV:SMY - Post by User

Search Minerals Inc

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Comment by str8tgoodson Dec 13, 2010 7:27pm

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Post# 17840808

Fully Diluted Float Now 63 Million

I too believe SMY will do well in the long run for its shareholders, but that was a huge discount and dilutive for a strategic investor bobcat.

The price held up well, but they now have to get the drills into the ground. Anyone know when that will be?

Add the recent financing of 18.722 million share plus half warrants to the previous fully diluted float of 35 million and we now have 63 million fully diluted shares.