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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Comment by brianjameson Feb 04, 2011 6:13pm
397 Views
Post# 18079173

RE: re: visible gold

RE: re: visible goldHey Jr5....

In addition to the visible gold and the good release that came out, MOZ put out another NR indicating they have an agreement to sell 1,945,000 flow-through common shares at $1.80 to raise gross proceeds of $3,501,001.00

It further states that the sale of the flow-through Common Shares will be used for exploration at the Company's Canadian exploration properties in Canada.  I would think this means Valentine Lake, with the NR further stating that  Marathon is the operator of the Valentine Lake Project under a joint venture with MOA.

With that specific reference, one should be able to make some guesstimates. 

Was nice to see the shares done at $1.80 as well....above the current market price.

BJ
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