Some one with funds and money to spend thought it was worthwhile to buy 13% of WGDF stock. They must have a reason.
This company is buying 22 % of the company merging with WGDF. This is recent so what is up?:
Romarco Minerals shareholders increase holdings
2005-11-17 19:49 ET - News Release
Ms. Stephanie Thompson reports
U.S. GLOBAL INVESTORS, INC. - NATIONAL INSTRUMENT 62-103 FILING
U.S. Global Investors Inc. (the offerer), investment adviser of the U.S. Global Investors World Precious Minerals Fund, the Meridian Global Gold and Resources Fund and the U.S. Global Investors Balanced Natural Resources Fund, confirms that on Sept. 6, 2005, the offeror, on behalf of the minerals fund, the global gold fund and the natural resources fund, purchased 5,682,353 units, 100,000 Units and 100,000 units, respectively, of Romarco Minerals Inc. pursuant to a private placement from the treasury of the issuer. Each unit consisted of one common share in the capital of the issuer and one common share purchase warrant, each warrant exercisable into one common share upon payment of 21 cents per common share until Sept. 27, 2007. Assuming the exercise of the 5,882,353 warrants, the acquisition represented 22.32 per cent of the issued and outstanding common shares as at Sept. 6, 2005.
new.stockwatch.com
Now they should hit better than NW as there was an abandoned mine here also and anything is better than zero.
Drilling Sunnyslope with Bob M. of 321 gold.Results any day.
We have previously entered into non-binding letters of intent for joint venture arrangements with respect to the
Lincoln Hill Property, and the Mining Joint Venture Agreement on the Sunny Slope Gold Project with 321 Gold. The Sunny Slope agreement covers
16 claims in Mineral County, Nevada, plus an area of interest including all lands within approximately one mile beyond the boundary of the claims.
westerngoldfields.com
<At least two gold-bearing brecciated quartz veins have been identified along northwest trending fault zones. Selective rock chip assays returned up to 24.572 ounces per ton gold from a 2-foot channel sample of the quartz vein. The veins, which are poorly exposed, appear to extend for many hundreds of feet in strike length. The vertical extent of the high-grade veins is unknown because the property has not yet been drill tested.
In addition to the high-grade quartz-gold veins that occur at Sunny Slope, a second target has been identified. The high-grade veins may actually represent the surface manifestation of a much larger gold porphyry system that is concealed at depth.>>>
westerngoldfields.com |
