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Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares.


TSX:MARI - Post by User

Bullboard Posts
Post by Oregonduckon Dec 14, 2016 4:32pm
152 Views
Post# 25600658

Back to the Well

Back to the Well
Back to the Money well. All along, I said COP would do a private placement. Some people scoffed at that prediction. The stock has been put on a collar and not allowing it to run pass $0.15...Any placees including Management & Greenstone (the controlling shareholder) buying into the non-broker placement are likely under a "special relationship" with the Company. I would say they likely are in possession of material "inside information" not yet disseminated to the public. No one would put new money into this stock without getting a first look at the upcoming resource estimates and corporate plans. PLEASE STOP SCREAMING THAT IT WOULD BE AGAINST SECURITIES LAW FOR INSIDER TRADING OR TIPPING...National Instrument Policy allows for such circumstances, to wit, "...Disclosures by a company in connection with a private placement may be in the "necessary course of business" for companies to raise financing. The ability to raise financing is important. We recognize that select communications between the parties to a private placement of material information may be necessary to effect the private placement. Communications to controlling shareholders may also, in certain circumstances, be considered in the "necessary course of business." Nevertheless, we believe that in these situations, material information that is provided to private placees and controlling shareholders should be generally disclosed at the earliest opportunity..." This stock is poised for takeoff. A good bet for a penny stock.
Bullboard Posts