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Fosterville South Exploration Ltd V.FSX


Primary Symbol: FSXLF

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.


OTCQX:FSXLF - Post by User

Comment by Quintessential1on Aug 12, 2021 10:29am
152 Views
Post# 33691275

RE:RE:It's A Great Day For FSX

RE:RE:It's A Great Day For FSXIt is good to see FSX having good days here.

That table is very good information to have Savin.  Thanks for sharing it!

I have a question if it is not too much trouble,  am I correct in assuming the warrants will not cause as much share price disruption as the escrow shares as they have to be excercised at $1,10 for the first batch and higher as they go?  I assume that FSX gets the excercise fee?


savinfamily wrote: The most of the pain on FSX in 2021 has done by the excessive shares quantity unlocked from escrow (Jan14 - 1 mil.; Apr14 - 4,025 mil.) Maybe this pain would have been less with the last assay results sooner. It was out of FSX control. Next floods from the escrow: 2021-Oct14 and 2022-Apr14 with 2,925 mil. shares each. After this, we'll have warrants expire dates in 2022: May14 - 658,254 x $1,10 + 1,981,091 x $2,00 and July21 - 121,468 x $4,00 + 976,250 x $4,95.
I wish you a very good show.


 
Event \ Date
Jan. 14, 2021 April 14, 2021 Oct. 14, 2021 April 14, 2022 May  14, 2022 July 21, 2022 Oct. 14, 2022 April 14, 2023 April 14, 2025 April 19, 2026
release of 1,000,000 shares from escrow x                  
release of 4,025,000 shares from escrow   x                
release of 2,925,000 shares from escrow     x              
release of 2,925,000 shares from escrow       x            
expiry date of 658,254 broker warrants x 1,10 $ and 1,981,091 warrants x 2,00 $         4,686 mil. $          
expiry date of 121,468 broker warrants x 4,00 $ and 976,250 warrants x 4,95 $           5,318 mil. $        
release of 2,925,000 shares from escrow             x      
release of 2,925,000 shares from escrow               x    
expiry date of 2,475,000 options x 0,40 $                 0,99 mil. $  
expiry date of 3,600,000 incentive options x 1,57 $                   5,652 mil $



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