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Omineca Mining and Metals Ltd V.OMM

Alternate Symbol(s):  OMMSF

Omineca Mining and Metals Ltd. is a Canada-based junior resource company. The Company's flagship Wingdam gold exploration and placer recovery project is located along the Barkerville Highway 45 kilometers (kms) east of the City of Quesnel. The Wingdam Property includes mineral tenures totaling over 61,392 hectares (613 square kms) and in excess of 15 linear kms of placer claims, both encompassing the Lightning Creek valley where topographic conditions created thick layers of overburden, which preserved a large portion of a buried paleochannel containing placer gold-bearing gravels. It has exploration and evaluation properties into two geographical locations: British Columbia and the Yukon. In British Columbia, its properties include Abo, Fraser Canyon, Mouse Mountain and Wingdam. In Yukon, its property is Kiwi. The Fraser Canyon consists of around 2,221 hectares of placer claims and leases and 1,221 hectares of mineral claims. It has around 50% interest in the Mouse Mountain project.


TSXV:OMM - Post by User

Post by currency24on May 02, 2013 8:09pm
66 Views
Post# 21331982

OMM/CVG MoreDue Deligence? Just Say No

OMM/CVG MoreDue Deligence? Just Say No

Omm press release announcing delays in the Annual meeting and etc., see press release, they need to do more/further due diligence and more Financial info on CVG.

Yes, Tim this is your chance to get out of the CVG deal.

FNR 2012 results are out and they are not pretty and the auditor did comment on the Financial issuses and going concern and large liabilities, $30 mil plus. GO to the FNR news  release and Sedar for the financial and auditor reports on FNR.

To Tim and MGMT, there are so many better deals with less risk, use your heads and protect your cash and realize you can't raise $10 mil plus plus in this MKT for CVG.

If you do turn things down on CVG, then ask Tom MacNeill and Andrew Davidson to step down from the OMM board. 

All the above in my humble opinion and as an investor.

 

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