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Fitzroy Minerals Inc V.FTZ

Alternate Symbol(s):  FTZFF

Fitzroy Minerals Inc. is a Canada-based company, which is focused on exploring and developing mineral assets in the Americas. The Company’s property portfolio includes the Caballos Copper and Polimet Gold-Copper-Silver projects located in Valparaiso, Chile and the Taquetren Gold project located in Rio Negro, Argentina, as well as the Cariboo project in British Columbia, Canada. The Caballos Copper project comprises 18,000 hectares (Ha) of concessions, which is located 210 kilometers (km) from Santiago, via the R5N Highway. The Polimet Gold-Copper-Silver project comprises 1,860 Ha of concessions, which is located 170 km from Santiago, via the R5N Highway. The Taquetren Gold project covers 28,448 hectares, located in the Navidad-Calcatreau Mining District, Argentina. It holds a 100% interest in certain mining claims located in the Skeena Mining Division area in British Columbia, known as the Caribou project.


TSXV:FTZ - Post by User

Bullboard Posts
Post by lamystiqueon Nov 29, 2000 5:12pm
183 Views
Post# 2909041

Financing Good

Financing GoodThe effect of share dilution should be zero as long as the selling price of the new shares is based on an average over the last 10 or twenty days. The cash is addition to the pre-issue value of the shares anyway. So it should make no difference. The real issue is the financial performance over the last quarters, and based on this element, the company is breaking even and reporting positive gross earnings. So in summary I would say that having that additional cash is really positive as a means to enable greater revenue generation and market penetration as well as some R&D.
Bullboard Posts