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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
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Comment by lookin2retireon May 07, 2014 7:05pm
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Post# 22536061

RE:RE:RE:Newport Exploration makes up to $1.3 M a month in royalties

RE:RE:RE:Newport Exploration makes up to $1.3 M a month in royalties
Santiago99 wrote: Diane Cohen (David's wife?) got 5 million units, a quarter of the issue. So basically an insider. I suspect there were plenty of other family/friends of insiders that we don't know of yet. Newport's largest shareholder, Pinetree and it's CEO, Sheldon Inwentash, who tends to front-run everything Pinetree does anyway, got a piece also.


This is the info that I was curious as to where it came from, regarding Diane Cohen.
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