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"Columbus Gold Corp operates in the gold mining industry. The company acquires, develops, explores and evaluates gold in French Guiana. It owns two main projects and other projects. Montagne d'Or Gold project which is comprised of eight mining concessions and Eastside Gold project hosts a large area of shallow oxide gold mineralization. It principally operates in three geographical areas those... see more

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Columbus Gold Corp > News - Allegiant[AUAU.V] Begins Trading January 30

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Post by R_J_ on Jan 26, 2018 2:33am

News - Allegiant[AUAU.V] Begins Trading January 30

Columbus Spinout Allegiant to Begin Trading on January 30
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https://www.allegiantgold.com/en/news/2018/columbus-spinout-allegiant-to-begin-trading-on-january-30/
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Louis James Comments
Quote:
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This is expected, but welcome news.
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Shareholders should make note that Allegiant, Columbus’ spin-out, will carry the AUAU symbol on the TSX.
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Look for this ticker in your portfolio soon.
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Recall that Columbus recently raised $12 million, which will enable the new company (with Explorers’ League honoree Andy Wallace at its helm) to start drilling those highly prospective properties in its portfolio almost right out of the gate.
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As for Columbus itself, even though the company is now formally on the Golden Runway towards First Pour, it’s still early days here.
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The company will need to raise cash if it’s not bought out by the time it comes to build the mine, which, by the way, we still believe to be a more likely scenario.
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End Quote.
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RJ

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Comment

Comment by ukermann on Jan 27, 2018 9:42pm

I might have missed something here, but I don't think Columbus rased money for AUAU. What's going to happen s once trading begns, AUAU is going to go into the markets and raise that money, or what they need. What I'm trying to figure is how many shares will initially hit the market on Tuesday, and what would be a fair valuation. Is it safe to say that if Mama is birthing this thing at ...more

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Comment by tigris72poo on Jan 28, 2018 10:07pm

according to the presentation posted on their website 46.7 million shs outstanding 58.6 fully diluted) https://allegiantgold.com/site/assets/files/2349/allegiant-presentation-2018-01-25.pdf

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Comment by RockLobster1 on Jan 30, 2018 12:16am

News release days they raised 4 million or more but they wanted much more. So I don't expect a great open with some cgt people dumping. But I think it is a great opportunity, especially if you can get it under the 60 cents that they raised at from stronger hands. I will watch and buy more on a drop. I am out of Columbus although now it is an even better value play, I ...more

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