Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : GOLD -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (23)	2/9/2002 3:37:42 PM
From: marcos	Respond to of 203

Here's a contrast with xcl.to in the promotion-style facet of management approach, in the bolded portion of the PP release - ' Nat'l Gold insiders to sell shares, invest in financing National Gold Corp NGT Shares issued 12,903,815 Feb 6 2002 close $.300 Wednesday Feb 6 2002 News Release Mr. Albert Matter reports 2,000,000 UNIT PRIVATE PLACEMENT Certain directors and/or officers of National Gold have arranged the sale of 1.2 million shares through the facilities of the Canadian Venture Exchange. The proceeds from this sale will be used toward financing a private placement of two million units of National Gold at a price of 30 cents per unit for proceeds of $600,000 (Canadian). Each unit of this private placement consists of one common share of the company and one warrant to purchase an additional common share at 40 cents, exercisable for two years from the closing date. In consideration of corporate finance advisory services, 500,000 of the warrants from the private placement warrants will be paid to Canaccord Capital Corp. Proceeds from this financing will be used to satisfy obligations to the vendors as due and for working capital purposes. This private placement is subject to the approval of the Canadian Venture Exchange. (c) Copyright 2002 Canjex Publishing Ltd. canada-stockwatch.com ' ... 'corporate finance advisory services', ahem, some just call it 'promo' ... see how motivated is Canaccord now to see this one do well? .... this has never been the style of Shawn Kennedy of xcl, for better or for worse, who knows, there are advantages and disadvantages with each approach ... i hold more ngt.v at this point than xcl, fwiw, because ngt was such an outstanding and high-leverage deal last fall, Albert Matter such a go-getter that he was getting financing even before a PoG bull was confirmed .... and it's a good company in its own right, serious fundamentals with Salamandra and the association with Chester Millar and his Alamos, no question .... however, one should imho be aware of the wide difference in approach to selling the steak/sizzle