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Transatlantic Mining Corp V.TCO

Alternate Symbol(s):  TRRGF

Transatlantic Mining Corp. is a Canada-based precious and base metal explorer. The Company is engaged in the acquisition and exploration of mineral property interests, such as the Golden Jubilee and Miller Mine Gold Property and the Monitor Copper/Gold Property. It has property interests including an 80% joint venture position on the Monitor Copper-Gold project in Montana-Idaho and 100% of the Golden Jubilee Gold Project with its associated mining rights. The Company has an extended lease, right to mine and purchase arrangement for the Miller Gold Mine in Montana. The Golden Jubilee Property is located in Granite County, Montana, about 20 kilometers (km) from the township of Phillipsburg. The property lies on the famous Red Lion corridor. The Miller Mine Gold Property is located in Broadwater County, Montana, about 30 km from the township of Helena. The Monitor Project is located along the eastern extension of North Idaho’s Coeur dAlene Mining District.


TSXV:TCO - Post by User

Bullboard Posts
Post by Stock20on Nov 04, 2017 7:15pm
304 Views
Post# 26907015

Not happy at all!

Not happy at all!
Total shares outstanding :39,853,431
Market cap :2,191,884

If we go back to their previous financing they have done over $1, than 0.50, announcing for 0.20 but did 2M financing at 0.10 in August. Now they need another 5.3M but seems like they can not find at 0.10 cents. Hopefully they find 5.3M even at 0.05 cents at current share price. 

If they do new financing at 0.05, they have to issue 110M shares. After financing company will have almost 150M shares outstanding. In that case we might have another riverse split in 2018 when company need more money. 

If we take current market cap with 150M outstanding shares, share price will be around 0.015 cents.
Hopefully we don't hit that low bottom. 
They must have to put news inregards to what is going on with 5.3M financing.
Bullboard Posts