Savary Gold (SCA-V) Dino's keep track list
www.savarygold.com
25.1 million o/s
$0.7 million cash (as of March 31, 2013)
In the right neighbourhood, Hounde South property, located in southwestern Burkina Faso. The Houndé South property covers 375 km2 within an emerging gold camp, located about 130 km southwest of SEMAFO’s Mana Mine and 60 km south of Endeavour Mining's Houndé project.
"We could not be more pleased with the results from our first full field program on Hounde South," stated Charles Mostert, Savary Gold's president and chief executive officer. "The strongly mineralized intervals that we have encountered in several disparate areas of the property, identified from a very limited drilling program, in my opinion unequivocally demonstrates the viability of the Hounde South property. From the beginning, our exploration thesis has been that Hounde South shares very similar geologic characteristics to a number of the more advanced gold exploration projects with the Hounde greenstone belt, and our results from this first round of drilling definitely support that thesis."
Key people
Charles Mostert BCom, MDP, MBL – President and CEO
Mr. Mostert has 33 years experience in the mining industry. He has served as Chairman/CEO/Director of 10 resource companies listed on the Australia Stock Exchange with over $400 million in capital raisings. His resources experience includes gold, diamonds, coal, copper, platinum and iron ore. He was the principal party for the identification, negotiation and acquisition of the Slater operating coal mines and a Transnet/Richards Bay Coal export allocation for Forbes & Manhattan Coal Corp. He was CEO of Lonrho Mining Ltd and is a founding director of Gulara Trading 101 LLP, a company registered in the UK which specialises in providing logistics solutions to mining companies. Mr. Mostert holds a BCom (Hons) degree, a Certificate in Mining Taxation, a MDP diploma and an MBL degree.
Mark Morabito BA, JD – Director
Mr. Morabito has over 15 years experience in public markets with a strong focus on junior mining with extensive experience in capital-raising and corporate development. Mr. Morabito founded and has been the principal driving force behind a number of successful resource development companies including Alderon Iron Ore Corp., Crosshair Energy Corporation, and Excelsior Mining Corp. He is also the founder of King & Bay West (formerly Forbes West), which specializes in identifying, funding, developing and managing resource-based opportunities, with a special interest in the junior mining sector. Mr. Morabito has a BA from Simon Fraser University and completed his JD at the University of Western Ontario. He practiced Corporate Finance and Securities Law in Toronto and Vancouver prior to becoming a principal in the mining industry.
Craig Pearman BSc – Director
Mr. Pearman has over 20 years experience as an exploration and mining geologist in Ghana, Tanzania and South Africa. Mr. Pearman is currently the President and CEO of Midlands Minerals Corporation and prior to that he held the roles of Chief Exploration Geologist for Kinross Gold Corporation at the Chirano Mine in Ghana, Consultant Geologist for Newmont Ghana Gold at the Ahafo and Akyem gold mines, and Exploration Manager and Managing Director for Volta Resources in Ghana. Mr. Pearman received his BSc (Honours) from the University of Natal, Durban, South Africa in 1991 and is a member of the South African Council for Natural Scientific Professions.
Company presentation
savarygold.com
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Savary Gold arranges $1-million private placement
May 15, 2013 - News Release
Savary Gold Corp. has launched a private placement financing for total gross proceeds of $1,000,200 at a price of six cents per common share. Forbes & Manhattan Inc. has committed to backstop and guarantee the financing.
The proceeds from the financing will be used to finance the continued exploration of the Hounde South project in Burkina Faso and for general corporate purposes. Savary has had remarkable success with its drilling program during the past year and is anxious to continue its work, proving its thesis that the Hounde South project hosts a deposit similar to the deposits that are producing or currently subject to development throughout the Hounde greenstone belt.
All securities issued by Savary will be subject to a hold period of four months and one day. The financing is subject to a number of conditions, including, without limitation, execution of definitive agreements and receipt of all regulatory approvals.
Upon the closing of the offering, Savary may pay fees to eligible finders in accordance with the policies of the TSX Venture Exchange in cash, warrants or any combination thereof. |
