OTCQX:CGTFF - Post by User
Post by
R_J_on Jan 26, 2018 2:33am
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Post# 27438349
News - Allegiant[AUAU.V] Begins Trading January 30
News - Allegiant[AUAU.V] Begins Trading January 30Columbus Spinout Allegiant to Begin Trading on January 30 -
https://www.allegiantgold.com/en/news/2018/columbus-spinout-allegiant-to-begin-trading-on-january-30/ -
Louis James Comments
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This is expected, but welcome news.
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Shareholders should make note that Allegiant, Columbus’ spin-out, will carry the AUAU symbol on the TSX.
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Look for this ticker in your portfolio soon.
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Recall that Columbus recently raised $12 million, which will enable the new company (with Explorers’ League honoree Andy Wallace at its helm) to start drilling those highly prospective properties in its portfolio almost right out of the gate.
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As for Columbus itself, even though the company is now formally on the Golden Runway towards First Pour, it’s still early days here.
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The company will need to raise cash if it’s not bought out by the time it comes to build the mine, which, by the way, we still believe to be a more likely scenario.
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RJ