Visible Gold Mines Inc V.VGD

Alternate Symbol(s): VGMIF

Metals & Mining Gold

Visible Gold Mines Inc. is a mining exploration company involved in the acquisition and exploration of mineral properties with prospects for hosting gold and lithium mineral deposits. Its projects include MegaLi Project, NataLi Project, CarLi Project, and Veronik Property. The MegaLi property (78 mining claims) is located in the region of James Bay, Quebec, covers about 3,996 hectares (ha) of mining land. The NataLi property (107 mining claims) is located in the region of James Bay, Quebec, covering about 5,667 ha of mining land package located 25 kilometers (km) west of Critical Elements' Rose lithium deposit. In CarLi Project, it owns about 125 mining claims covering an area of about 6,400 ha on the newly identified Wachiskw's intrusion. The Veronik property is located about 75 km southeast of Hecla’s Casa Berardi gold mine. The Veronik property is underlain by the mafic volcanic rocks and gabbros of the Clermont-Disson Formation, in the eastern part of the Archean Abitibi belt.

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Visible Gold Mines Inc

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Comment by Oregonduckon Mar 20, 2015 10:51am

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Post# 23542983

RE:Insider seller

adogsbody wrote:
Spoke with Mike "consultant" as Martin was at the site. He sais that "Ned" was excercising his warrants and by doing so would take him over 20%. He had to sell about 1.9 million shares to keep under 20% yesterday and today. Yesterday he sold 700K so you do the math. The reason he wanted to stay under 20% was the hoops and red tape involved with doing so and he wanted none of it. The Messenger

Thanks for the info. It makes sense per TSX rules. The 20% ownership threshold has to do with takeover provision wherein it would trigger any "poison pill" defence.

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