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Euro Sun Mining Inc T.ESM

Alternate Symbol(s):  CPNFF

Euro Sun Mining Inc. is a Canada-based mining company. The Company is focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania. The Company holds the Rovina Valley Project through a mining license which covers a total of 27.68 square kilometers (km2). The Rovina Valley Project consists of three copper-gold porphyry systems referred to as Rovina, Colnic and Ciresata. The Colnic Deposit is located approximately 2.5 km south of the Rovina Deposit and the Ciresata Deposit is approximately 4 km south of the Colnic Deposit. The Rovina gold deposit holds about 400 million tons of confirmed resources containing 7.0 million ounces of gold and 1.4 billion pounds of copper.


TSX:ESM - Post by User

Bullboard Posts
Post by sclurion Sep 29, 2019 9:32am
275 Views
Post# 30174948

Vilhemina Mineral Inc. details from 2017 ESM Report

Vilhemina Mineral Inc. details from 2017 ESM ReportInvestment in 2587357 Ontario Inc.

On September 26, 2017, the Company purchased 600,000 common shares of 2587357 Ontario Inc., a private company, at a price of CAD$1.00 per share for a total of CAD$600,000 ($483,420). On the date of acquisition and as at September 30, 2017, the Company held a 27% ownership interest in 2587357 Ontario Inc. On September 28, 2017, 2587357 Ontario Inc. acquired a 33% ownership interest in Vilhelmina Mineral AB (“Vilhelmina”), a private company located in Sweden, and Mr. Scott Moore, an officer and director of the Company, became a director of Vilhelmina.

What is the meaning of this transaction?
ESM pays $600,000 to buy shares of a numbered company in 2017 to acquire 27% of this company.
In turn, this company buys 33% of Vilhemnia Sweden shares.

Who are the owners of this Numbered company?
can some one find out??

Bullboard Posts