News - December 11 - The Allegiant Spin-Out Date.Columbus Establishes Anticipated Dates for ALLEGIANT Spin-Out
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Louis James Comments
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This news release is largely FYI, but it’s good to see that though the company has been relatively quiet of late, the work continues ahead and the spin-out remains on track.
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What the release doesn’t address is exploration work in the relation to the recently announced $12-million financing, allowing the new Allegiant CEO Andy Wallace to finally drill many targets he’s been wanting to test since the inception of the original company that could add so much value to this story.
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In sum, with almost a million ounces of gold already in the bag and its expiration potential soon getting its first real test, Allegiant is shaping up to be a very interesting speculation.
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End Quote.
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By the way.
This is my inaugural post on this Bullboard.
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Yesterday I wired money to the Vancouver office, before the Friday deadline, to participate in the private placement associated with the forthcoming, December 11, founding of Allegiant.
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So for now I assume that this Bullboard is the temporary home of the Allegiant Bullboard.
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I see that all current Columbus shareholders are to receive one share of Allegiant for each of their Columbus shares.
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Actually, somehow I am the first of a new breed, an Allegiant shareholder that was never a Columbus shareholder.
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I have heard of Columbus Gold, but I have never heard of Allegiant until two weeks ago.
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I am totally ignorant as to why this spin-off is occurring, or why now.
Any insights would be appreciated, I hate being so ignorant.
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Actually, these shares are being purchased by a British Columbian corporation that I have founded. So Technically, politesse dictates that we use of the pronoun ‘we’ rather than ‘I’.
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We are happy, and excited, to be coming aboard this new adventure.
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RJ