To: hundredvanities This latest deal by Morabito will surely help his credibility and notoriety on the street. People will start to take this guy seriously.
Here's an idea for you.
Morabito has in mind of consolidating a number of base metals deposits (mainly Zinc) in central Nfld.
He is using one of his company, SG Spirit, for this purpose.
Buying propreties from Buchans Minerals and Mountain Lake.
Trying to raise $10m with a closing date on Apr. 27.
Talks are taking place with Messina and Paragon to buy their deposits after the closing.
Execpt from one of Buchans proprety all the others are too small to be stand alone mines.
Buchans Minerals will own 50% of the new company to be called Regiment Zinc.
This is exactly the same scenario when he bought Altius proprety to put it into Alderon.
jmo