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Westhaven Gold Corp V.WHN

Alternate Symbol(s):  WTHVF

Westhaven Gold Corp. is a Canada-based gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada's newest gold district, the Spences Bridge Gold Belt. The Company controls approximately 60,950 hectares with four gold properties spread along this underexplored belt. Its projects include Shovelnose Gold, Prospect Valley Gold, Skoonka Creek Gold and Skoonka North. The Shovelnose gold property consists of approximately 45 contiguous mineral claims encompassing 41,623 hectares (ha). The Prospect Valley (PV) Gold Property is located roughly 30 kilometers to the west of Merritt, British Columbia and is situated in the Spences Bridge Gold Belt (SBGB) and covers approximately 10,927 ha. The Company owns a 100% interest in the Skoonka Creek project, which is situated near the northern end of the SBGB. The Skoonka North Property consists of three contiguous mineral claims encompassing approximately 6,167 hectares wholly owned by the Company.


TSXV:WHN - Post by User

Bullboard Posts
Post by cicerellion Dec 21, 2019 3:27pm
240 Views
Post# 30480043

Poached opinion

Poached opinionI poached this response off a white gold thread. I think this is an attractive potential for moving this forward. In the same video Shawn mentions "SpinCo." The plan, as I understand it, is that once a viable deposit has been found, it will become an asset of "SpinCo" (a new company), and shares in this new company will be given, pro rata, to existing White Gold shareholders. At some point a bidding process is entertained for SpinCo, and the cash rolls into SpinCo shareholders' pocket. Obviously all sorts of deal types could be structured, depending on management's preference. Agnico and/or Kinross may or may not be involved in the bidding...it's their choice. The benefit of spinning out deposits is that White Gold keeps exploring their large land base (which WGO apparently excels at) and the shareholders get compensated one deposit at a time. What's not to like?
Bullboard Posts