Newport Exploration Ltd V.NWX

Alternate Symbol(s): NWXPF

Metals & Mining Industrial Metals & Minerals

Newport Exploration Ltd is a Canada-based natural resource company. The Company is engaged in the acquisition and exploration of resource properties. In addition, the Company holds a 2.5% gross overriding royalty interest (the Royalty) on any hydrocarbons produced on certain petroleum exploration and production licenses in Australia. These include licenses being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both major Australian oil and gas producers. The Company’s mineral exploration project is the Chu Chua Copper Gold Deposit (Chu Chua), which is located approximately 30 kilometers north of Kamloops, British Columbia. The deposit is a Cyprus-type volcanogenic massive sulfide body hosted in two steeply dipping lenses of massive pyrite-chalcopyrite and magnetite up to 40 meters (m) thick, with a known strike length of 400 m and a known depth of 250 m.

TSXV:NWX - Post by User

Newport Exploration Ltd

Bullboard Posts

Comment by ValueTraderVicon Apr 25, 2014 5:51pm

185 Views

Post# 22492975

RE:So...

The news release on the oil and gas royalty interest came out on February 18, 2014, saying "further to our news releases in 2002 (12 years later)". Then, they announced less than 3 hours later, the private placement. What an effin joke ? Like I said earlier, the gutless cowards at the TSX Venture Exchange approved the private placement. So much for protecting the rights of minority shareholders.

Bullboard Posts

The long-term forecast for lithium stocks in 2024