Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Bullboard Posts
Post by yaponskion Aug 13, 2013 4:34pm
187 Views
Post# 21667526

Rights Offering May Be Best Option for BGM

Rights Offering May Be Best Option for BGMA rights offering to existing shareholders might be best way to fund BGM in fairest possible manner.

Here is an example of a recent rights offering
Marlin Gold Succesfully Completes Rights Offering To Shareholders
https://www.marlingold.com/s/NewsReleases.asp?ReportID=597786&_Type=News-Releases&_Title=Marlin-Gold-Succesfully-Completes-Rights-Offering-To-Shareholders

August 13, 2013 - Vancouver, Canada - Marlin Gold Mining Ltd. (MLN: TSX.V) ("Marlin Gold" or the "Company") is pleased to announce the completion of its rights offering (the "Rights Offering") on the TSX Venture Exchange (the "Exchange"), which expired at 4:00 p.m. (Eastern time) on August 9, 2013. The shareholders of Marlin Gold, including Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited, the Company's largest shareholders, exercised rights to acquire 335,164,159 common shares of the Company under both the basic subscription privilege and the additional subscription privilege which resulted in the Rights Offering being oversubscribed by 35,080,262 shares. The Company has issued an aggregate of 300,083,896 common shares (the "Shares") at a price of $0.05 per Share for gross proceeds of $15,004,195 pursuant to the Rights Offering.

-----

If BGM really believed in CM and in its current shareholders then a rights offering would way to go IMO.

What do you say Frank? Go for it?
Bullboard Posts