CSQ.V - Intends to move forward with permitting of Bruner
What is in this news out ! Debenture Offering will be used for permitting, drilling and metallurgy at the Company's Bruner Gold Property in Nye County, Nevada,
"Completion of these financings will allow the Company to move forward with additional drilling in the high-grade Paymaster zone and project permitting for development of the resources contained on the patented claims (private land) on the Bruner Property, as referenced in the Preliminary Economic Assessment filed by the Company in April 2016,"
It will be interesting to see what Hecla's next move will be?
Hecla holds a pre-emptive right so long as it holds more than 10% of Canamex's outstanding shares (on an undiluted basis). In this regard, Hecla has the right (but not the obligation) to participate in equity offerings of Canamex in order to maintain Hecla's pro-rata equity interest in Canamex.
G.L.T.A Long in Canamex
WindyHill