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Newport Exploration Ltd V.NWX

Alternate Symbol(s):  NWXPF

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

Bullboard Posts
Post by lookin2retireon May 10, 2014 1:33pm
239 Views
Post# 22547558

Share price without DILUTION by Management???

Share price without DILUTION by Management???TSX Venture Exchange Symbol:NWX-TSX Venture ExchangeAuthorized Capital:UnlimitedIssued Capital:80,358,874Options:6,000,000Warrants:20,000,000Fully Diluted:106,358,874Options6,000,000(Exercisable @ $0.05; Expire December 18, 2018)Warrants20,000,000(Exercisable @ $0.14; Expire March 7, 2019)
  • So, 106,358,874 X .55 per share = $58,497,379 Market Cap?
  • At the end of July 2013 , 54,922,874 shares and 5,450,000 10 cent options = 60,372,874 fully diluted.
  • $58,497,379 / 60,372,874 = .97 per share without dilution.
No Mr. Rozier, not all shareholder's are happy.

Bullboard Posts