Greencastle Resources Ltd V.VGN

Alternate Symbol(s): GRSFF

Energy Oil & Gas E&P

Greencastle Resources Ltd. is a diversified company. It has interests in gold and base metals exploration and oil and gas exploration and royalties. It also has strategic investments in other companies. Its segments include investments in private and public companies, oil and gas interests, and mining interests. Its investment segment comprises its investment in marketable securities and investment in private and public companies. The oil and gas segment is comprised of its oil and gas interests. The mining segment is comprised of its mining interests in Canada and in the United States of America. It has a royalty interest in one oil and gas property in Alberta. It holds royalty interests in wells located in the Spirit River area, north-west Alberta, and the Primate area in Saskatchewan. It also holds interest in the Jewel Ridge property lease. It holds a 50% interest in a 95% interest held by Criterium Energy in a quarter section of land in Alberta, called the Ferrier Project.

TSXV:VGN - Post by User

Greencastle Resources Ltd

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Comment by atchmanon Sep 17, 2012 7:18am

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Post# 20374638

RE: RE: Deveron Resources

Thanks, well its just VGN are so bad at communicating with shareholders. Like I said I was only invested in the company because of the potential at Blackwater, what I am confused about is to why this was spun out into a seperate company and does this really represent the best value for VGN shareholders? I can understand that a sperate IPO represents a means of raising development capital without damaging the purse at VGN. I think the plan is prove up the resource and sell it outright to New Gold - anyone any idea what percentage of that pie will go to VGN?.

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