Orezone Resources, (OZN) ニュース

She is fine bro, thanks for asking

Citigroup----you picked a great one. I have
been swing trading airline stocks, but look
at the spread on C all the time and have
considered moving over to it

Has finally settled down in the low 4's now
though, hasn't it. Perhaps things are about
to change with them.

Hope you and family are well

God bless you bro

sup homie? I am all in with C citigroup. Getting ready to make a deposit to buy some REE Rare element.
Hows that little angel of yours? Hope all is well
Word

Are you still back?

Veins man

McMulligan.....Jumped out at .50.....looks good.....

OTTAWA, ONTARIO--(Marketwire - Feb. 12, 2009) - Orezone Resources Inc. (TSX:OZN)(NYSE ALTERNEXT:OZN) is pleased to announce preliminary proxy results with respect to the special meeting to be held on February 18, 2009 in Toronto to consider the previously announced plan of arrangement with IAMGOLD Corporation (TSX:IMG)(NYSE:IAG). As at February 11, 2009, proxies representing 41.63% of the outstanding Orezone shares had been deposited, of which 99.90% had been voted in favor of the arrangement. Under the arrangement, Orezone shareholders will receive 0.08 common shares of IAMGOLD plus 0.125 common shares of a new exploration company, Orezone Gold Corporation, for each Orezone share held. Pending receipt of shareholder approval and the approval of the Ontario Superior Court of Justice, the arrangement is expected to close on February 25, 2009.

IAMGOLD has also agreed to invest up to C$7,000,000 in the Orezone subsidiary that holds the rights to the Essakane Project in exchange for a maximum 2% interest in the subsidiary. The funds will be invested to continue the timely development of the Essakane Project pending completion of the arrangement. IAMGOLD currently holds 16.6% of the outstanding shares of Orezone and will not obtain any further voting rights at the special meeting as a result of the placement. If the arrangement with IAMGOLD is not completed, IAMGOLD will have the right to put the purchased shares back to Orezone and Orezone shall have the option of paying the invested amount in cash or in Orezone shares.

Orezone is an explorer and emerging gold producer that owns Essakane and Bombore, the first and third largest gold deposits in Burkina Faso, West Africa. Orezone also has a pipeline of developing projects, all located in politically stable areas of West Africa, one of the world's fastest growing gold-producing regions. Orezone's mission is to create wealth by discovering and developing the earth's resources in an efficient and responsible manner.

Nice looking chart with the 200DMA breakout comming up here... anyone in this one?

Looking good...support very strong at .46..eom

The wife and daugther and I today are going
to see that movie about the guy who does not
get old, but gets young,.....with Brad Pitt

Middle of day movie, 2.5 hours, so it screws
up my day, office work, football games....

but being with my girls is #1 so can't complain.

Other than that, have been a lazy lug nut,
wathching a bunch of college football and
the Twilight Zone marathon.

How bout you? How is your business going?

regards

VEINS

Briboy
*************************************************************

greggor: thanks bro...will check them

out if I can get to it....very flattered
for the referrals as usual.

VEINS bro

Briboy

************************************************************

Morning Brother, I have 2 for you to consider for a good short term investment. say 2 to 3 weeks or less.
ZAAP, and XRTX
I am in both and expect they will both double here short term.
any thoughts??
VEINS

greggor: glad you are back, and am sorry

I have yet to get to your link, but I have
more time now and hope to get to it today..
again, very sorry I did not get to it sooner.

Have missed you as well my faithful brother
and friend.

Veins man,

Briboy

Me too buddy, how u been?
What do you like this week??
VEINS

greggor: well, it's been downtrending

since January of 2006 and hit bottom
due to September meltdown, then, it
hits vertical like a F-16 fighter off
the 12/11/08 news

wish I had a crystal ball on this one.

Did anyone buy SMC? It is merging with Linear Gold for about .24 a share. We should start a junior gold mergers forum.

http://www.centralsun.ca/news_.php?url=http%3A%2F%2Fcnrp.ccnmatthews.com%2Fclient%2Fcentral_sun_mining%2Frelease_xml.jsp%3FactionFor%3D933459

What up my passionate brother?? I am back for another round. I have some I would like you to watch in a link. Go through them for a few minuites each and tell me what you think.
I am thinking about a 2 to 3 week timeframe to hold and hope the stars line up. Most of the charts are good to go, some
aren't.
On those I am looking for a dead cat bounce. Vol. will tell the tale on all of them. Way above is good, below or avg. bad, cause most have short positions of 10% of float up to 34%.
So IMO if you watch it and confirm extra activity- BAM
VEINS ya crooked Con Artist, and deep thinker
Happy Holidays my brethren> I miss ya

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34335817

Why thank you. lol
This stock has held up good. do you see where it came from??

Hey, not a bad stock here!

Sup? Board Moderator is a wonderful,

kind man. A giving, compassionate individual
that anyone would benefit by knowing.

You might look at SMC similar story as OZN they have gold, running out of money.

Not a recommendation to buy or sell anything, of course.

ARE we a day late?
Where this goes is anyones guess. Very srtong trading all day yesterday. Who knows. I wish there was more out there on IAG.
I can see they have been a busy company, and have cash to work deals like this. Which is positive.
But all in all, this is speculative. IMO
GLTA

i think it's going to move along with the price of gold and the other miners from here.
holding long would mean you like the reserves portfolio of IAG/OZN.

So....is it best to take your profits now or a few days from now....after the news and buy lower at some point.....and
wait for the distribution.....??

.08 IAG per OZN plus 1:1 "New Orezone".. so this stock will stay trading even after the IAG distribution.

Orezone will call a special meeting of shareholders to be held in February 2009 to approve the transaction. Orezone expects to mail an information circular providing full details of the IAMGOLD transaction and the spin-out of New Orezone to Orezone shareholders in early January 2009.

full details: http://www.sec.gov/Archives/edgar/data/1215546/000091228208001763/orezone6k_12112008.htm

stock is moving higher than the IAG ratio only, as this fact is more understood.

So I'm one of those longer holders....only 5 months but.....had to take some profit here but.....can someone here
verify the math.....

So as example.....if I have 5000 shares of OZN......if the conversion is 1 = 0.08....then I should have 400 IAG shares at
at $5.....therefore.....another $2000 plus the 5000 shares of OZN at 0.44..... and when do we see the shares of IAG?

IAMGold to buy Orezone outstanding shares
Thursday December 11, 10:20 am ET
IAMGold to acquire Orezone outstanding shares worth $139M, Essakane project

NEW YORK (AP) -- Canadian gold-mining company IAMGold Corp. said Thursday it will buy Orezone Resources Inc. for about $139 million and take over Orezone's Essakane project in West Africa.

Shareholders of Canada-based gold miner Orezone will receive 0.08 common shares of IAMGold.

IAMGold will also acquire and finance development of the Essakane project, one of West Africa's largest undeveloped gold reserves. In September, construction began at a mine estimated to produce an average of over 300,000 ounces of gold per year, over a minimum nine-year mine life at an average cash operating cost of $358 per ounce. The company said it expects full production will be in full swing in late 2010.

"This transaction represents excellent value and takes us a large step toward our stated goal of 1.8 million ounces annual gold production by 2012, while lowering our average cash cost by $40 to $50 per ounce," said Joseph Conway, IAMGold's chief executive.

As part of the transaction, several of Orezone's exploration properties not related to Essakane, will be spun out into a new exploration company, "New Orezone," in which IAMGold will become a 16.6 percent shareholder.

The company also plans to set up a corporate African operations office based in Dakar, Senegal.

Shares of IAMGold added 9 cents to $4.82 in morning trading. Shares of Orezone more than doubled to 37 cents. They closed at 12 cents on Tuesday.

http://biz.yahoo.com/ap/081211/iamgold_orezone_share_sale.html?.v=1

This is awesome . Go Baby. Any ideas on the pro-rata shares of "new orezone" . Is that 1 for 1 ?

things happen so fast, I didn't get in yet.
WTF.

things happen fast sometimes.
Very low share price for long term holders but a great gain for new shareholders.
1 sh OZN = .08 sh IAG

watch the ratio, can buy IAG at a small discount by buying OZN.

http://www.bloomberg.com/apps/news?pid=20601082&sid=a.ZeobONIEbk&refer=canada

IAMGOLD and Orezone Announce Business Combination
Thursday December 11, 7:42 am ET
Essakane Mine to Become a Flagship IAMGOLD asset and Orezone to be Re-established as an Exploration Company


TORONTO, ONTARIO and OTTAWA, ONTARIO--(MARKET WIRE)--Dec 11, 2008 -- IAMGOLD Corporation (Toronto:IMG.TO - News)(NYSE:IAG - News)(BOTSWANA: IAMGOLD) and Orezone Resources Inc. (Toronto:OZN.TO - News)(AMEX:OZN - News) ("Orezone") jointly announced today that they have entered into a definitive arrangement agreement whereby IAMGOLD would acquire, via a plan of arrangement, all of the outstanding common shares of Orezone in a supported, all-share transaction. Total consideration is valued at approximately US$139 million.
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"This business combination with Orezone is consistent with our strategy and takes IAMGOLD to the next level. This transaction represents excellent value and takes us a large step towards our stated goal of 1.8 million ounces annual gold production by 2012, while lowering our average cash cost by $40 to $50 per ounce. IAMGOLD is uniquely positioned in the current markets with a solid cash position, low debt, record cash flow and the financial capacity to finance the construction of Essakane, a second flagship gold mine for IAMGOLD," said Joseph Conway, President and CEO of IAMGOLD.

Highlights of the Combination

- IAMGOLD to acquire and finance development of the Essakane project, one of West Africa's largest undeveloped gold reserves

- All-stock transaction with value of approximately US$139 million

- Orezone exploration assets, including Bombore, to be distributed pro rata to Orezone shareholders to create "New Orezone"

- Each Orezone shareholder to receive 0.08 of an IAMGOLD share and a pro rata share of New Orezone for each Orezone share held

- Orezone Board of Directors unanimously recommends that Orezone shareholders vote in favour of the transaction

- Shareholder voting agreements in place representing approximately 5.1% of the outstanding shares of Orezone

- IAMGOLD to provide Orezone an immediate Cdn$20 million equity financing at Cdn$0.28/share, subject to regulatory approvals

- IAMGOLD to create a Corporate African operations office based in Dakar, Senegal

- Transaction is very accretive to IAMGOLD shareholders on a NAV and Reserves per share basis, as well as an Earnings and Cash Flow per share basis when Essakane is in production

- IAMGOLD will become a 16.6% shareholder of New Orezone adding further value to both IAMGOLD and Orezone shareholders.

As per the terms of the agreement, Orezone shareholders will receive 0.08 common shares of IAMGOLD plus a pro rata share of a new exploration company ("New Orezone") for each Orezone share. This represents a value of approximately Cdn$0.49 per Orezone share based on the closing price of IAMGOLD on the TSX on December 10, 2008, representing a 91% premium using 30-day volume weighted average share prices.

Orezone's Board of Directors has unanimously recommended that shareholders vote in favour of the IAMGOLD transaction. Each director and officer has entered into a voting agreement to vote in favour of the transaction (1.6%). Voting agreements have also been entered into with Minquest Capital (3.5%). In aggregate, holders of a total of 5.1% of Orezone common shares have agreed to vote in favour of the transaction.



Orezone's main asset is the fully permitted, 4 million ounce Essakane gold project, located in Burkina Faso, West Africa. Construction commenced in September of this year for a mine that will contribute average gold production of over 300,000 ounces per year over a minimum nine-year mine life at an average cash operating cost of US$358 per ounce, using a $600 per ounce gold price and $85/bbl oil price. Full production is anticipated in late 2010, requiring a remaining capital expenditure of approximately US$350 million.

"We believe this transaction provides an excellent opportunity for the shareholders of Orezone. It provides a substantial premium to market and continued exposure to Essakane with IAMGOLD's financial resources to develop it. Orezone shareholders will benefit through ownership in a globally diversified mid-tier gold producer with 8 mines on 3 continents," said Conway.

Ron Little, CEO of Orezone comments, "IAMGOLD brings the capital required, to bring Essakane into production during these difficult markets. The transaction provides our shareholders an opportunity to capitalize on significant value creation in IAMGOLD. Orezone shareholders will also participate in the creation of New Orezone that will retain Orezone's management and exploration team. New Orezone will be well financed through this transaction and host three advanced gold projects including Bombore, the second largest gold resource in Burkina Faso with 1.7 million ounces of measured and indicated resources. Importantly, this transaction results in a very positive outcome for those dedicated to the development of the Essakane project including the people of Burkina Faso, especially the Essakane community, the contractors and the development and construction team that Orezone has established and who will have the opportunity to continue with the project."

Terms of the Transaction

- The fully diluted value of the offer is approximately US$139 million, not including the value of the "New Orezone" shares offered as part of the transaction.

- There are currently 295.6 million IAMGOLD common shares outstanding and 357.8 million Orezone common shares outstanding. Upon completion of the transaction, Orezone shareholders will own approximately 9% or 28.6 million shares of the resulting 324.3 million IAMGOLD shares outstanding.

- As part of the transaction, several of Orezone's exploration properties, not related to the Essakane development project, will be spun out into a new exploration company ("New Orezone"), together with Cdn$10 million in cash. IAMGOLD will, on completion of the transaction, hold a 16.6% interest in New Orezone following the distribution of New Orezone shares to Orezone shareholders.

- IAMGOLD is in advanced discussions with project lenders to provide US$160 to $220 million for the Essakane project financing.

- Completion of the transaction is subject to customary conditions, including court approvals, a favourable vote of at least two-thirds of the holders of Orezone common shares voted at a special meeting of shareholders, and the receipt of all necessary regulatory approvals. The definitive agreement includes a non-solicit clause and provides for the payment of a Cdn$4 million break fee.

- Orezone will call a special meeting of shareholders to be held in February 2009 to approve the transaction. Orezone expects to mail an information circular providing full details of the IAMGOLD transaction and the spin-out of New Orezone to Orezone shareholders in early January 2009.

- The transaction will be carried out via a plan of arrangement. Assuming Orezone shareholders approve the transaction at the special meeting, and final court approvals are obtained, the transaction is expected to close by the end of February 2009.

When in production in late 2010, Essakane will contribute more than 25 per cent of IAMGOLD's gold production, bringing the company's annual production to well over one million ounces of gold per year. "With this transaction, we are able to achieve a significant production increase in the near-term, a cost reduction of $40 to $50 per ounce and a 32% increase in reserves, with modest share dilution," said Conway.

IAMGOLD also announced today that it will establish a Corporate office based in Dakar, Senegal. "IAMGOLD's long history and depth of knowledge in West Africa gives us a unique competitive advantage. We are on track for production of almost 400,000 ounces of gold from West Africa this year alone. With the acquisition of Essakane and the establishment of a West African operations office, we will solidify our position as the major player in this very favourable mining region," said Conway. The office will be managed by Brian Chandler, Senior Vice-President of African Operations, who will oversee regional operations, manage joint venture interests and build on the strong community and government relationships both IAMGOLD and Orezone have established in the region.

IAMGOLD has also agreed to purchase 71.4 million common shares of Orezone on a private placement basis, at a price of Cdn$0.28 per share for total subscription proceeds of approximately Cdn$20 million. These funds are to allow Essakane development activities to continue and for general corporate purposes. The private placement is not conditional on completion of the offer. Completion of the transaction and the private placement are subject to TSX and regulatory approval. Upon completion of the private placement, IAMGOLD will hold approximately 16.6% of the outstanding common shares of Orezone.

Orezone issued a Cdn$10 million convertible debt to Minquest Capital Inc. in July 2008 that, as a condition of the transaction, will be repaid in cash and IAMGOLD shares at agreed upon terms.

Orezone has fully drawn a US$40 million bridge facility with the Standard Bank of South Africa for construction at Essakane which will be assumed by IAMGOLD upon completion of the transaction.

The transaction has been approved by Orezone's Board of Directors, following the unanimous recommendation of a special committee comprised of independent Orezone directors. The Board of Directors of Orezone recommends that holders of Orezone shares vote in favour of the transaction. BMO Capital Markets has provided an opinion to the Orezone Board of Directors that the consideration to be received by Orezone shareholders under the transaction is fair, from a financial point of view, to the Orezone shareholders, other than IAMGOLD. The transaction has also been approved by the Board of Directors of IAMGOLD.

IAMGOLD appointed Canaccord Adams as financial advisors and its legal counsel is Fraser Milner Casgrain LLP. Stikeman Elliott LLP is acting as external legal counsel to Orezone.

About IAMGOLD

IAMGOLD is a leading mid-tier gold mining company producing almost one million ounces from 8 mines on 3 continents. IAMGOLD is focused on growth with a target to reach 1.8 million ounces gold production by 2012. IAMGOLD is uniquely positioned with a strong financial base, together with the management and operations expertise to execute our aggressive growth objectives. IAMGOLD is focused in West Africa, the Guiana Shield of South America and in Quebec where it has a pipeline of development and exploration projects, while it continues to assess accretive acquisition opportunities with a strategic fit. IAMGOLD is listed on the Toronto Stock Exchange ("IMG"), the New York Stock Exchange ("IAG") and the Botswana Stock Exchange.

About Orezone

Orezone is an explorer and emerging gold producer that owns Essakane and Bombore, the two largest gold deposits in Burkina Faso, West Africa. Orezone also has a pipeline of developing projects, all located in politically stable areas of West Africa, one of the world's fastest growing gold-producing regions. Orezone's mission is to create wealth by discovering and developing the earth's resources in an efficient and responsible manner.

Conference Call

IAMGOLD and Orezone will host a conference call and webcast to discuss this announcement on Thursday December 11th, 2008 at 10:00 a.m. To access the call, please dial:



Canada & US toll-free - 1-866-551-1530
Outside of Canada & US - 1-212-401-6700
Passcode: 1944183#

Replay (available up to 14 days after the call):
Canada & US toll-free - 1-866-551-4520
Toll free in North America - 1-212-401-6750
Passcode: 238335#
You may also access the conference call on a listen-only basis via webcast at the IAMGOLD website at www.iamgold.com or the Orezone website at www.orezone.com. The audio webcast will be archived on www.iamgold.com and on www.orezone.com.

Big day here TT. Check out the news.
stock up over 100% premkt.

Latest News Headlines for OreZone Res Inc
Orezone Holders To Get Stk Worth C$0.49/Shr
40 minutes ago - T
Orezone Board Recommends Transaction
40 minutes ago - T
IAMGOLD Says Offer Is Worth $139M
41 minutes ago - T
IAMGOLD Says All-Stk Deal Is Worth $139M
41 minutes ago - T
IAMGOLD And Orezone Announce Business Combination
41 minutes ago - T
Iamgold To Buy Orezone For $139M >IMG.T
41 minutes ago - T
Earlier Headlines - view recent headlines0.21/70
Bid/Size
0.30/50
Ask/Size
0.00
Price Open

0.115
Previous Close
0.00
Day High
0.00
Day Low

2.06
Beta (5yr)
1.89/2/29/08
52wk High/Date
0.10/12/9/08
52wk Low/Date

40.9 Million
Market Capitalization
356.0 Million
Shares Outstanding
264.10
Volatility Avg (20 day)

847.5 Thousand
Avg Vol (10 day)
NM
P/E Ratio
0.00
EPS (TTM)

Orezone Res Inc does not pay dividends.


PDF Reports for OreZone Res Inc
Standard & Poor's Stock Report
Reuters Research Report
Company Background
Orezone Resources Inc. (Orezone) is a Canadian company engaged in the investigation, acquisition, exploration and development of mineral properties. The Company’s principal exploration activities are focused on the country of Burkina Faso, in West Africa. It holds the rights to explore five project areas in Burkina Faso, which are made up of 16 exploration permits covering a total of 2,762 kilometer square and five permits covering 854 kilometer square, in which Orezone has an option to earn an interest. The Company was also granted two uranium exploration permits in Niger during the year ended December 31, 2007. The Company has a gold permit of 999 kilometer square in Niger, and an option agreement enabling it to earn into another permit that covers 1,045 kilometer square. In July 2007, Orezone abandoned the Namaga option with Greencastle Resources Ltd (Greencastle) in Niger, in June 2007, the Markoye permit in Burkina Faso, and in September 2007 all three permits and option in Mali.

That looks healthy to me. What do you think??
Running out of posts. If I don't respond now I will later.
Thanks

http://data.cnbc.com/quotes/OZN/tab/8

Thanks for sharing your thoughts.
I appreciate it

Question you need to ask yourself, Does the institutional investors still thinks OZN share is worth over $1.20. Except the credit crunch (no industry is immuned from it now) I personally think OZN is in a better situation than they were a year ago ( sure all gold future is down now).

Just my 2 cents-

Shares Outstanding5: 357.84M
Float: 308.07M
% Held by Insiders1: 8.88%
% Held by Institutions1: 68.30%


===========================================================
November 16, 2007:

Orezone Resources Inc. Announces US$200,000,000 Financing

Orezone Resources Inc. (OZN:TSX, AMEX) (“Orezone”) announced today that it has agreed to issue a total of 166,700,000 common shares at a price of US$1.20 per share for aggregate gross proceeds of US$200,040,000. Orezone has entered into an underwriting agreement to issue 154,200,000 common shares in the United States and Canada by way of the multijurisdictional disclosure system prospectus, resulting in gross proceeds of US$185,040,000. In addition, Minquest Fund I, L.P. has agreed to subscribe, by way of a concurrent private placement and subject to regulatory approval, for 12,500,000 common shares of Orezone at the same price per share as that of the public offering, resulting in gross proceeds of US$15,000,000 to Orezone.

The underwriting syndicate is led by BMO Capital Markets, CIBC World Markets Inc., and J.P. Morgan Securities Inc. and includes Canaccord Capital Corporation and Raymond James Ltd. Orezone has granted the underwriters an option to purchase up to an additional 23,130,000 common shares at the offering price to cover over-allotments and for market stabilization purposes for a period ending 30 days from the closing of the Offering. If the over-allotment option is exercised in full, gross proceeds of the prospectus offering will be US$212,796,000.

===========================================================

October 11, 2007:

Orezone to Acquire 100% Interest in the Essakane Project



Orezone Resources Inc. (OZN:TSX, AMEX) is pleased to announce that it has entered into an agreement with its partner Gold Fields Limited (“Gold Fields”, JSE, NYSE, DFIX: GFI) to acquire their 60% interest in the Essakane Project (“Essakane”) in Burkina Faso, West Africa in consideration for US$200 million in cash and shares. As a result, Orezone will become the operator with a 100% interest in the project.

Based on a recently completed Definitive Feasibility Study and subsequent resource update (September 2007) the 60% interest in the Essakane Project represents an addition to Orezone of 1.6 million ozs of gold in reserves, 2.4 million ozs in measured and indicated resources and 761,000 ozs in Inferred Resources. As part of the terms of the agreement, Gold Fields will receive US$150 million in cash and US$50 million in common shares of Orezone that are subject to a six month Lock-Up agreement.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

thanks for the reply . I am in the beginning of the DD phase here. From what I read the biggest issue right now is a Bridge loan due in feb. With no production slated til early 2010, how thet pay this is a concern.
On a brighter note, thet have recieved all permits required at this time to move foward.
heres an article from Mining weekly
I will post as info is collected, and try to figure if it's worth invedting in at this point.



http://www.miningweekly.com/article.php?a_id=122926

I was hoping you could help me out with why the excessive bullishness, granted the stock is at all-time lows, so the possible rebound if this company is to be profitable by 2010 is very intriguing.

Let me know how they're going to get to that point, and I might just take a shot at this for a dime and under...

What are your thoughts if any ??

Good luck!

Morning folks, I am the new Mod. here. I will be updating the IBOX soon. I need to pick up some shares before I let all my entheusasm out of the bag.
Jump on. This stock is about 6 to 8 months from rocketing skyward.
I will update soon.
GLTA

looks like we are getting closer to production here. Check out the news over the last 3 months
GLTU

hi there.
Looks like you were 3 years too early on this one. Good news is they are still 1 year out. Fronm the DD I have done, I will be buying into then.
GLTY

ey JT, Happy Holidays.
Might be time to grab all you can here.
Please due some research.
They have been busy

Showing decent volume, hoping beginning of uptrend towards .60+
where this belongs

The news has been good and the fall in price seems to have reached a bottom of sorts. Not much discussion here but hopeflly that will change soon.

What's going on? Lately the have been in fast progress according to the news flow. I'm surprised that there is no active discussion anymore.

* OZN Charts * ¢.86

Orezone Essakane Satellite Gold Deposit Yields Positive Results
Thursday May 1, 7:45 am ET


Reverse Circulation drilling at Falagountou returns 22 m of 1.83 g/t


OTTAWA, ONTARIO--(MARKET WIRE)--May 1, 2008 -- Orezone Resources Inc. (Toronto:OZN.TO - News)(AMEX:OZN - News) is pleased to announce the results of a recently completed 31 hole, 2,820 m Reverse Circulation (RC) drilling program on the Falagountou Deposit located 8 km east of the Essakane Main Zone (EMZ) in Burkina Faso, West Africa. The program was designed to advance and verify the geological model of two mineralized zones that had been previously outlined by the Company. The recent drilling has confirmed the geological model and intersected higher grade mineralization in several areas including 13 m of 2.46 g/t and 22 m of 1.83 g/t.[b/]


v

This one is a buy under a buck 35...

There's gold there...in fact they stil call that area the gold coast...

I imgaine you saw this on Sinclairs wbes page where he posted an article about this company along with others possible being part of a new Gold EFT. I am watching this one closely.

Hi everyone, welcome to the OZN board via Ihub, metal$$$ are heating up...