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Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which includes Bonita, Consuelo, FairPlay, Good Enough, McCarthy, Mexican, and Providence. The Providence Group of Mines is located in the Summerville Mining District, Tuolumne County, California, upon the eastern belt of the Mother Lode District. Its subsidiary is Providence Gold Mines (US) Inc.


TSXV:PHD - Post by User

Post by 2021Gambleon Jun 10, 2021 6:37pm
69 Views
Post# 33369689

Upcoming warrant expiries....

Upcoming warrant expiries....Summary of warrants outstanding: (MD&A page 8)

                           Expiry
Date           Number of Warrants Weighted Average Exercise Price($)
Finder’s warrants
   May 29, 2021                       66,720                    0.15
Warrants                July 22, 2021                 14,332,000                    0.15
Finder’s warrants   July 22, 2021                      477,750                    0.15
Warrants                December 11, 2021         6,056,627                    0.20
Finder’s warrants   December 11, 2021            177,200                    0.20
Warrants                January 3, 2022               1,858,666                    0.20
Warrants                May 29, 2022                   3,384,200                    0.20

Total 26,353,16


with the July warrants expiry coming up...the share price is being held down, "in the hopes" there will be another PP to replace the warrants.....

However, if I was a betting man....I would say we are going to see a short squeeze the likes of which has not been seen in awhile, and the warrants will get exercised in order to cover....

just imo of course.....but...yup....me buying more :)
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