St James Gold Corp V.LORD

RE:Some info about our Flagship Property—Lone Pine

[gold_strike]

This is the question I think on most people's minds.  With these exceptional silver drill results why would the company say that the Lone Pine was written off and not being persued in the last few Sedar filings?  (granted that they still own the property).

The silver drill holes in itself should merit more exploration, so why did the new management also not mention in their one and only news so far (below)?   Makes no sense to me and is why I have tried to contact the new management to no avail.   As I mentioned in my other post just now I've already sold most of my shares.   The good news is that whenever that happens a fantastic news release is normally just around the corner (based on the last stock I got out of after a 300% gain (and then proceeded to go up another 300% after I was out)

St. James Gold Announces Private Placement

22. 10. 2020

St. James Gold Corp. (TSXV: LORD) (the “Company”) is pleased to announce that it will conduct a non-brokered private placement of up to 2,000,000 units (“Units”) at a price of $0.12 per Unit for gross proceeds of up to $240,000 (the “Offering”).

Each Unit will be comprised of one common share and one common share purchase warrant (“Warrant”), with each Warrant entitling the holder to purchase one additional common share at $0.12 per share for a period of one (1) year from the date of issue.

All securities issued in connection with the Offering will be subject to a four–month statutory hold period. The Company may pay a finder’s fee may in cash and or share purchase warrants in accordance with the rules of the TSX Venture Exchange.

The Company is reviewing a number of potential mineral property acquisitions in North America. The proceeds of the Offering will used to conduct due diligence of potential acquisitions.

Completion of the private placement remains subject to the approval of the TSX Venture Exchange.