Sparton Resources Inc SPNRF

Primary Symbol: V.SRI

Energy

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.

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Sparton Resources Inc > Suggestion to ELD management on Sparton Resources takeover

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Post by mingzhuon May 03, 2024 10:28am

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Post# 36021538

Suggestion to ELD management on Sparton Resources takeover

ELD is considering to take additional 25% of Bruell Gold for $4.3m including royalties. My suggestion is that ELD should take advantage of rapid rise of it's own share price to take the whole company over, say 1/10 share of ELD equal to 1 of Sparton. Then ELD gets 3 properties, one cash flow positive rig( revenue 1m), 10% of VRB Energy. ELD can sell the 10% of VRB for likely $15m(BCPG PLC (“BCPG”) – a Thailand-based.

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