GREY:BLITF - Post by User
Post by
muchogustoon Mar 08, 2017 6:58am
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Post# 25948889
[small caps update about FMR 27th February]
[small caps update about FMR 27th February]
READ it at "smallcap.ca" in the update section...
Fairmont Resources Inc. has announced it has received an extension to complete the payment for Granitos de Badajoz (Grabasa) until March 8, 2017 from the Spanish Court in Badajoz.
"We have been working diligently with a European based funding group and they are in the final stages of completing the necessary documentation," states Michael Dehn, President and CEO of Fairmont Resources. "While there can be no guarantee of success until this process is completed, this short extension was required to secure the Grabasa assets while finalizing the required logistics and paperwork for financing."
Upon receipt of clearance documentation Fairmont will provide an update to all stakeholders, expected to be in less than a week, on the status of funding for Grabasa.
QIS Capital: We are getting lots of investor interest in Fairmont right now as the company closes in on its financing to complete the Grabasa acquisition. We are hoping to see confirmation in a press release this week. This has been a long time coming as Fairmont originally announced the acquisition last March, which resulted in a spike in share value to over $0.20. Stay tuned for more to come on this company shortly...
no release last week. Could we expect PR today?? GLTA