Mandalay Resources Corp. T.MND

Alternate Symbol(s): MNDJF

Metals & Mining Gold

Mandalay Resources Corporation is a Canada-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjorkdal gold mine). The Costerfield operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 km northeast of the town of Heathcote, Victoria. Youle and Shepherd are the main source of material for Costerfield. The Costerfield operation has a land package of approximately 1,219 hectares. The Bjorkdal operation is located within the Boliden mining district, approximately 28 km northwest of the municipality of Skelleftea and approximately 750 km north of Stockholm. The Bjorkdal mine produces ore from the Aurora zone underground mine, as well as from a stockpile of low-grade material accumulated over the course of its life of mine. The Bjorkdal operation has a land package of around 12,949 hectares. Its non-core properties include Lupin mines (Canada) and La Quebrada (Chile).

TSX:MND - Post by User

Mandalay Resources Corp.

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Comment by Sherry35on Feb 12, 2019 9:31am

63 Views

Post# 29351916

RE:RE:Financing

I'm hoping the vast majority of the financing shares are purchased by the institutions. They'll be holding the shares for 2 to 3 years in the anticipation of a considerable gain. This would keep the float at a reasonable controllable size.

Once the financing is approved, the 10% holders and MND execs will be filing their insider reports with SEDI and SEDAR. The SEDAR reports may not show up until the end of March

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