Columbus Gold Corp CGTFF

Metals & Mining Industrial Metals & Minerals

"Columbus Gold Corp operates in the gold mining industry. The company acquires, develops, explores and evaluates gold in French Guiana. It owns two main projects and other projects. Montagne d'Or Gold project which is comprised of eight mining concessions and Eastside Gold project hosts a large area of shallow oxide gold mineralization. It principally operates in three geographical areas those are Canada, United States, and France."

OTCQX:CGTFF - Post by User

Columbus Gold Corp > News - December 11 - The Allegiant Spin-Out Date.

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Comment by AltaRounderon Nov 13, 2017 11:07am

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Post# 26950962

RE:RE:RE:RE:RE:RE:News - December 11 - The Allegiant Spin-Out Date.

It will be interesting to see how much CGT falls after separated. I'm also waiting to buy some more Allegiant if the price get too low on issue.

I read somewhere they expected to value Allegiant at IPO between 25 MM & 40 MM market cap.

They've also said Columbus will retain 13% of Allegiant shares, Existing CGT 52% and the new Placement holders were in for 35%.

Rounded off share count:

Columbus 7,400,000
Via CGT- Existing 29,700,000
New PP 20,000,000 Warrants 20,000,000 @ 1.00
Initial Share o/s 57,000,000

25 MM MC = .44/sh Lower end Target
40 MM MC = .70/sh Higher end Target
31 MM MC = .54/sh Book Value as per CGT financials.
(all aquisition, drilling cost to data, on all Spinout properties)

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