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Bullboard - Stock Discussion Forum 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... see more

TSXV:PHD - Post Discussion

Providence Gold Mines Inc > LOL, what a joke !! That NR smelled fishy till I remembered
View:
Post by KozmoT on Feb 27, 2023 5:56pm

LOL, what a joke !! That NR smelled fishy till I remembered

a detail from their last Financial Statement. "As at September 30, 2022, trade and other payables included $270,231 owing to officers and directors and to a company controlled by a director and officer for management activities and operational expenses."

Now here's from  today's NR ...  

The Company ... "is pleased to announce that it has been approached by certain insiders and professional service providers to forgive A/P that is owed to them for accounting, exploration and management services. The Board has unanimously accepted their offer and has retired $277,838 of debt to this group."
Comment by BIGBEN20 on Feb 28, 2023 12:58am
What's your problem with this NR ? Ooh you always have problems with PHD NR's I forgot LOL But everybody on stockhouse know who is the smelly fish! Your posts all over stockhouse you are ridiculous.
Comment by givemeabreak1 on Feb 28, 2023 9:57am
I can't say anything bad about the NR in regards to the offer to retire owed payables given I was the one on this board that suggested they clean up the payables to insiders in order to make a financing more palatable.
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