RE:Coming SoonTraderrJenn wrote: I think the recent weakness is due mostly to a lot of people getting in recently through those warrant excersises and just trying to exit their position quickly. What I liked about the news release this morning was that they said the gold spin off was imminent. It will be great to get a full valuation for the largest placer deposit in Quebec.
Montreal, Quebec, Canada / April 27 2016 / TheNewswire - Uragold (TSX Venture: UBR) would like to inform its shareholders that between March 3 and April 25 2016, $ 519,756 was raised through the exercise of agent options, options, broker warrants and warrants. More specifically 6,227,768 warrant, 255,909 agent options, 100,000 options and 61,500 broker warrants were exercised.
Bernard Tourillon, Chairman and CEO of Uragold stated "The raising of $519,756,30 in such a short time frame through different instrument exercises gives Uragold greater financial flexibility to advance both of our major initiatives forward - the imminent spin out of our Beauce Gold Property and of course our Solar Grade Silicon Metal initiative."
TraderrJen
You are spot on, I spoke to Patrick yesterday afternoon, and he indicated that was indeed what was causing the downward pressure on the SP, he also indicated he thinks its pretty well done now.
He also said when I asked about progress, that PYR is under a heavy work load and working very hard on several major projects as well as the PUREVAP saying all of them are important to PYR and all are progressing very well. He sounds really optimistic but obviously can not say anything specific about anything. Looking forward to the AGM.
KD