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EDM Resources Inc V.EDM

Alternate Symbol(s):  SWNLF

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

Bullboard Posts
Comment by onemoresaleon Jun 19, 2013 2:00pm
806 Views
Post# 21543318

RE: RE: New Board - Halifax Paper

RE: RE: New Board - Halifax Paper

Well, it is a bit like politics. The new board is in which means the old board is gone. Now the new boys will evaluate the assets and opportunities and determine what they believe is in the best interests of the shareholders. Their campaign promises may be a bit chalanging but at least they are looking at all options. 

Hopefully they see value in the Scozinc property but also recognize the need to hold development untill the base metal market improves. 

Patience - a month or two and we should hear what the future holds. If you held this stock through this nightmare surely a bit longer is in the cards. 

 

Bullboard Posts