Fosterville South Exploration Ltd V.FSX

Primary Symbol: FSXLF

Metals & Mining Gold

Fosterville South Exploration Ltd. is a Canada-based company, which is engaged in the acquisition, exploration, and development of mineral properties in Australia. The Company’s properties include Lauriston Gold Project, Golden Mountain Project, Moormbool Project, Providence Project, Walhalla Gold Belt Project, and Beechworth Project. The Lauriston Gold Project is located in the central part of the State of Victoria, Australia. The Golden Mountain Project is located in the central part of the State of Victoria, Australia, situated approximately 150 kilometers (km) northeast of Melbourne. The Moormbool Project area consists of three granted licenses such as EL006280, EL006913, and EL007193. The Providence Project consists of one license, EL007052 that covers the Reedy Creek goldfield and the Big Ben prospect area. The Walhalla Gold Belt Project has one granted tenement and seven tenement applications. The Beechworth Project is located in Victoria, Australia.

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Fosterville South Exploration Ltd > Interesting article in The Glob : Founder shares information

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Post by GoodAtChartson Mar 03, 2021 8:34am

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Interesting article in The Glob : Founder shares information

"Then there’s the matter – all perfectly legal – of testing the limits on how low companies can go when issuing seed stock. Founder shares have been issued at a cent a share, a tenth of a cent or even much less. Vancouver-based junior mining exploration company Fosterville South Exploration Ltd. issued 12.75 million shares for a total capital raise of $9. The cost for the founders was $0.00000705882 a share. When the company went public earlier this year, it closed its first day of trading on the TSX Venture Exchange at $1.08 a share, giving founders a paper return of 15,299,908 per cent."

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