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Sparton Resources Inc V.SRI

Alternate Symbol(s):  SPNRF

Sparton Resources Inc. is a Canada-based mineral exploration company. The Company is focused on exploring gold projects near producing mines on or near the major gold producing trends in northeastern Ontario and northern Quebec, where it holds interests in three exploration prospects. The Bruell Property, which hosts a new gold discovery. The Oakes and Pense Properties, near Matachewan and Englehart, in Ontario, are in close proximity to Alamos Gold’s producing Young Davidson Mine and the Kirkland Lake gold producing area. The Bruell Property is located in Vauquelin Township, Quebec. The Oakes Gold Property is located in the Matachewan gold mining area of northern Ontario. The Company controls about 32 mining claims and three mining leases in the Matachewan Gold Area. The Pense Property is located in Pense Township, Ontario. The claims are located near the Quebec provincial border, approximately 25 kilometers east of Englehart, Ontario, in the Larder Lake Mining Division.


TSXV:SRI - Post by User

Post by honkytonkgirl1on Jan 04, 2023 7:33am
394 Views
Post# 35202159

Buy Out OR Spin Out

Buy Out OR Spin Out


$IE buying out $SRI for 100% of VRB is inevitable and a spin out of the other parts of SRI could happen soon after...


Or...


$IE could buy out $SRI but let them keep their gold properties and $SRI would continue to go on as a junior mining company.

 

Existing shareholders would in such a scenario keep their Sparton shares AND get paid in cash or be offered shares in $IE. Whatever scenario will pan out:

WE WILL ALL BENEFIT!

The shareprice is going up in anticipation of the event on January 22. (Fomo kicking in? Yes... )

Lots in the pipeline my friends....

 

Holding with confidence,

HTG

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