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Aris Mining Corp T.ARIS

Alternate Symbol(s):  T.ARIS.WT.A | CLGDF | ARMN | N.AMNG.NT.U

Aris Mining Corporation is a gold producer in the Americas. The Company is engaged in operating two mines with expansions underway in Colombia. The Segovia Operation is located in the Segovia-Remedios mining district in the department of Antioquia, Colombia, approximately 180 kilometers (km) northeast of Medellin. The Segovia Operations comprises four active underground gold mining operations, which include El Silencio, Sandra K, Providencia, and Carla. It has over 11 titles with a total area of 5,335.58 hectares (ha). The Marmato underground gold mine is located on the west side of the town of Marmato, in Marmato municipality of Caldas Department, in the Republic of Colombia, approximately 80 km from Medellin and 200 km northwest of the capital city of Bogota. The Company is also the operator and 51% owner of the Soto Norte Project, which is advancing to develop a new underground gold, silver and copper mine. In Guyana, it is advancing the Toroparu, a gold/copper project.


TSX:ARIS - Post by User

Bullboard Posts
Comment by zofftimusprimeon Aug 12, 2016 7:54pm
179 Views
Post# 25137918

RE:RE:RE:RE:RE:RE:RE:Selling at .135????

RE:RE:RE:RE:RE:RE:RE:Selling at .135????
It's because of the way the debt was negotiated commeilfaut.. The debentures can be converted to common shares at any time so any debenture holders can dilute the hell out of the stock if they want.. Kinda makes it hard to trade over 14 cents when theres constantly a new seller converting their debt to common shares and selling it back for immediate payment and in turn diluting the share count. There is no reason to rush the conversion process so all of those debentures you saw converted into millions of shares this year was for selling purposes only, they did not convert to hold millions of common shares - I can promise you that.
Bullboard Posts