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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Amark$p who wrote (139633)	9/2/2010 5:02:23 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206325

amarksp, NiMin Energy (NNN.TO) -- sounds like a good guess, I had forgotten about that stock issuance. It would seem reasonable to expect that the shares that ended up with syndicate participants other than Ionic would get dumped on the market fairly soon after selling restrictions were removed. I believe in Canada the hold period on privately issued securities is 4 months. The syndicate participants' primary business is likely the lending of money, rather than investing in the equities of junior development stage companies. I believe Ionic's shares (attributable to the portion of the syndicated loan that Ionic may have retained for its own account) would not get dumped on the market. I believe Ionic owns a fair amount of the company's shares in addition to any that they might have received from this loan, and one of Ionic's officers is a director of NiMin. It would be interesting to find out what portion of the 2.57 M shares were issued to syndicate participants other than Ionic.