As per the news from Fox, Columbus Gold Corporation announces that it has transferred its Silver District, Silver Dome, Clanton Hills and Keg properties (the "Silver Properties") to a newly formed subsidiary, Columbus Silver Corporation ("Columbus Silver"), which company has now filed a preliminary prospectus in B.C., Alberta, Saskatchewan and Ontario for the purposes of conducting an initial public offering of its stock (an "IPO") and seeking a listing on the TSX Venture Exchange.
Union Securities have been appointed the agent for the Columbus Silver IPO.
What is the proposed size of the Columbus Silver IPO?
The Columbus Silver IPO plans to raise upto $5,250,000.
What is the price per share of the Columbus Silver IPO?
The price for the Columbus Silver IPO is $0.5 per unit. A unit will consist of a share and an 18 month warrant whereby each warrant will be exercisable into one common share at a price of $0.70 per share.
What are the business valuations of Columbus Silver IPO?
Columbus Gold Corporation is a gold exploration and development Company operating principally in Nevada. The Company has an experienced management group with a strong background in all aspects of the acquisition, exploration, development and financing of precious metal mining projects. Columbus controls a 100% interest, subject to royalties, in 24 gold projects strategically located along or near Nevada's most productive gold trends and 5 silver and copper projects located in Arizona and Utah. The Company's project activities are managed by Cordilleran Exploration Company ("Cordex"), owned and operated by John Livermore and Andy Wallace who have a long and successful history of gold discovery and mine development in Nevada.
The Company maintains active generative (prospecting) and evaluation programs and, as a key element of strategy, broadens exposure, minimizes risk and maintains focus on high priority prospects while seeking industry finance through joint ventures on selected projects. The Company currently has 14 of its projects joint ventured to major and junior mining companies.
| Coming to the investments part, I would say one should apply for such IPOs, because they are one of the safest businesses over a long term of 5 to 10 year or more. | Table of Contents |
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