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EDM Resources Inc V.EDM

Alternate Symbol(s):  SWNLF

Metals & Mining Industrial Metals & Minerals
EDM Resources Inc. is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, it also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia. The properties are comprised of exploration licenses and a mineral property lease that provides for zinc and lead exploration and development. The Scotia Mine is located approximately 62 kilometers (km) northeast of Halifax, Nova Scotia, in the Halifax Regional Municipality. The Project consists of about 648 hectares (ha) of mineral rights in the form of three contiguous mineral leases. It also holds five exploration licenses covering 41 claims in the immediate vicinity of the Scotia Mine Deposit. Its Eastville Prospect is an undeveloped zinc-lead exploration prospect. Its Carrolls Farm and Carrolls Corner Prospects are hosted within the Gays River Formation.


TSXV:EDM - Post by User

EDM Resources Inc
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Comment by MIA17on Feb 08, 2011 11:41am
458 Views
Post# 18094139

RE: market has spoken

RE: market has spokenI agree with you unfortunately.   'New equity offering and debt financing' is all I had to hear.  I exited first thing this am, as I would like to wait now and see where sp lands and what price $$ will be set at.  I will watch from the sidelines until things settle.  Its a great acquisition for SWN and they will realize the synergy from this deal, but down the road.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities