ThSeeker
4年前
Eric Sprott Announces Holdings in Gainey Capital Corp.
Toronto, Ontario--(Newsfile Corp. - August 24, 2020) - Eric Sprott announces that on August 23, 2020, 4,166,666 common share purchase warrants ("Warrants") of Gainey Capital Corp., (held by 2176423 Ontario Ltd., a corporation he beneficially owns) expired unexercised representing a decrease in holdings of approximately 9.3% of the outstanding common shares on a partially diluted basis since the last early warning report. Prior to the expiry of these Warrants, Mr. Sprott beneficially owned and controlled 4,166,666 common shares and 4,166,666 Warrants representing approximately 5% of the outstanding common shares on a non-diluted basis and approximately 9.4% on a partially diluted basis assuming the exercise of all Warrants.
As a result of the Warrant expiry, Mr. Sprott now beneficially owns and controls 4,166,666 common shares representing approximately 5% of the outstanding common shares on a non-diluted basis. The Warrants expiry resulted in a partially diluted ownership change of greater than 2% (to below 10%) and, therefore, the filing of an update to the early warning report.
The securities noted above are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
Gainey Capital Corp., is located at 312-125 West 18th Street, Vancouver, British Columbia, V7M 1W5. A copy of the early warning report with respect to the foregoing will appear on the company's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and may also be obtained by calling Mr. Sprott's office at (416) 945-3294.
2176423 Ontario Ltd.
200 Bay Street, Suite 2600
Royal Bank Plaza, South Tower
Toronto, Ontario M5J 2J1
BeamMeUpScotty
6年前
Nobody has had any interest in buying the mines since the Ihub poster started harassing the Agnico Eagle mines representative in Mexico to give him inside information about whether they were pursuing a bid for the mines or making an offer for them.
I presume he was doing that in the hope of finding out something before everyone else and then loading up. So then that same person also went to Barnet after finding him on LinkedIn. Barnet then sent him an email with 17 attachments representing himself as having full legal authority to sell the mines, presumably to try and defraud this Ihub poster of millions if he could by saying he needed a down payment or some weak feeble excuse like that!
Some people are so gullible they can't see the shysters coming for love nor money! Getting in touch with the one person who we all already knew was a fraud was pure stupidity on a scale I've never seen before on Ihub!
That same poster told me he'd also received an email from Agnico's Mexico representative stating that he (the Agnico Eagle employee) didn't think it likely that Agnico would want to pursue a purchase because of the legal action. He was correct, they didn't!
Since Agnico has purchased three or is it four mines since then, I don't think they're look for any more at the moment.
The fact that MSJ has gotten themselves involved in another law suit just to try and keep control of the titles also makes it extremely unlikely you guys will ever see any money, which is why I sold all my shares and am very glad I did so.
If any of you can get that 20 cent dividend I say good on you and well done. But lets be honest folks. It aint going to happen.
SR*GE will NEVER be a takeover target as its trading in the grey sheets along with over 3000 other companies.
Meanwhile Joe Arcaro seems to find a news shell to reverse some huge company into each month. So why would someone buy a company that nobody has heard anything from for several years with no assets to speak of?
Lets be honest folks, there's so many hot plays out there we're all kind of spoilt for choice. This company isn't one of them, neither is SR*GE
cinco minas
6年前
David Coburn and Michel Roy are stupid, they stole 1,000 tons of ore with 2.5 grams / ton of gold and 300 grams / ton of silver. If the mining concession does not have an owner, the mineral belongs to the NATION, they robbed the federal government.
Gainey Capital Corp, Grupo Wolinak, S.A. of C.V. and Minera Chichimeca, S.A. of C.V. They must pay their crime.
Anticipating
6年前
Edmonton, AB, April 18, 2016-Bandera Gold Ltd. (TSXV:BGL)(“Bandera”)
Announced today that it has terminated the litigation on its Cinco Minas and Gran Cabrera mining properties located in Mexico.Bandera has diligently defended its rights to enforce the original option agreement signed by the parties, only to be obstructed at every turn by procedural maneuvers common in the justice system in Mexico. The Board of Bandera has assessed the uncertainty of any potential resolution, timing, and cost of continuing the court cases, combined with general poor financial conditions in the mining sector affecting the market value of the properties.
https://www.sedar.com/CheckCode.do
iheartweimers
10年前
CEO David Colburn in Sep 2014 Blog stated outlook
Our business strategy is to simultaneously grow the toll processing part of the company, while exploring our exciting, highly prospective El Colomo property. We expect to use profits from the mill to fund much, if not all, of our exploration costs thus avoiding the need to debt or shareholder dilution by going to the market for additional financing. This business model has been used to great success by Dynacor Gold and with our mill already in good flow, and an industry-leading exploration team on board, our feeling is that Gainey is making excellent progress.