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TRX Gold Ord Shs V.TRX


Primary Symbol: T.TRX Alternate Symbol(s):  TRX

TRX Gold Corporation is a Canada-based company, which is advancing the Buckreef Gold Project. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Anfield, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Company produces gold at its 1,000 tons per day processing plant. Its gold development operations include the Sulphide Development Project, in which the sulphide ore encompasses over 90% of the Buckreef Main Zone's two-million-ounce gold measured and indicated mineral resources. The Buckreef Project hosts an NI 43-101 measured and indicated mineral resource of over 35.88 million tons (MT) at 1.77 grams per ton (g/t) gold containing 2,036,280 ounces of gold and an inferred mineral resource of 17.8 MT at 1.11 g/t gold for 635,540 ounces of gold.


TSX:TRX - Post by User

Comment by Sir_Holleron Jun 09, 2015 8:56am
171 Views
Post# 23810145

RE:RE:Kuatolives

RE:RE:KuatolivesIt's not really a takeover so much as a merger with another specialty pharma to build scale, and more efficiently access capital ahead of the next steps. TRX shareholders will hold about 40% of the upside of the new company giving account to the warrants and options and before the significant financing. This greatly enhances the opportunity set before the company and puts in place significant capital for the next deals. It also provides scale to realize on Yosprala which is nearing launch, etc.
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