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Groundstar Resources Ltd GRDSF

Groundstar Resources Ltd is the Canada-based based company. The company is primarily engaged in exploration, development and production opportunities in domestic and international areas of interest. The company is exploring opportunities of oil wells in Pierson area located at Manitoba and, in Neilburg region. Most of its revenue is earned through the Canadian market while it also has a presence in Egypt, Guyana, and various other countries.


GREY:GRDSF - Post by User

Bullboard Posts
Post by Donranon Aug 29, 2011 10:01am
547 Views
Post# 18989029

GSA financing

GSA financingIt now seems evident that GSA's share offering was to raise their share of the drilling costs to deepen the well at QD, however because they raised funding earlier than the other partners (NKO and VST were probably still in talks) their news release had to say something other than drilling, so they said general and corporate expenses.
Management who wants to get into the action, now with higher hopes of hitting it big, issued options for themselves, financing was done at 10 cents but the options were at 8 cents, management seems to have set this up nicely for themselves.....maybe speculation on my part.
Bullboard Posts