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Visible Gold Mines Inc V.VGD

Alternate Symbol(s):  VGMIF

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.


TSXV:VGD - Post by User

Bullboard Posts
Comment by Oregonduckon Mar 22, 2015 6:54pm
150 Views
Post# 23549217

RE:Duck...

RE:Duck...
Kahonies wrote: Excellent post bud.


Thanks Kahonies....Just to clarify my math. VGD "undiluted" shares are about 80 million, but "diluted" shares are about 102 million. See VGD's own website. According to Goodman & Company filing on sedar: (((( Goodman & Company, on behalf of the portfolios of investment funds and client accounts managed by it, exercises control or direction over 14,062,500 common shares and 6,250,000 common share purchase warrants of Visible. This represents an approximate 17.57% interest on an undiluted basis, or an approximate 23.54% interest on a partially diluted basis, assuming the conversion of the purchase warrants into common shares, as at November 30, 2014.)))) So, Goodman & Co. held 14,062,500 shares as of Nov. 30, 2014. Presuming they sold off 1,900,000 shares, they would hold 12,162,500 shares. Presuming also they exercised 6,250,000 warrants, they would add to & aggregate 19,412,500 shares which are just below 20% of the total "diluted" 102,000,000 shares. Hope that helps with the math.
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