OTCQX:CGTFF - Post by User
Post by
Zeffirinon May 03, 2016 11:32pm
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COLUMBUS GOLD REPORTS SIGNIFICANT SHARE TRANSACTIONS
COLUMBUS GOLD REPORTS SIGNIFICANT SHARE TRANSACTIONSVery Good news ! CGT transfers those 20 000 000 shares from weak hands into strong institutional investors hands ! CGT's shares should continue to appreciate from now with close to 100% of the owners that are currently here for the long run. 2016-05-03 11:17 Columbus Gold Corp. has facilitated the purchase of the remaining Columbus Gold shares held by Auplata SA. Auplata, which, in mid-December, 2015, held about 20 million shares of Columbus Gold, obtained its shares as partial consideration for the sale of the Paul Isnard property in French Guiana to Columbus Gold in 2011. The majority of the shares were acquired by institutional investors, and the final balance of 2.23 million shares was transferred to Columbus Gold, in satisfaction of an agreement between the parties. The transactions, which represent 70 per cent of all trading activity since mid-December, 2015, remove a significant obstacle in the market for Columbus Gold shares.