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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (7730)	4/27/2011 11:48:30 PM
From: teevee	Respond to of 8273

Yes, I too was surprised at how much volume has traded below the financing, and for so long, however, I won't complain about being able to average up here. It may yet take a little time, but the share price should improve steadily now that a significant gold deposit is in the making......... POT owns 1/3 of the big brine producer in Chile. The primary product is KCL (potash), and lithium by-product. From what I can tell from CHU's Alberta brine project, KCL would also be their primary driver, with lithium being a by product.....getting back to Tanlouka, I see "blue sky" over 2 million ounces, and factoring in the neighbor's gold (Orezone), it is now possible to see Kinross or even Barrick Africa come in and consolidate the camp....given the visibility on this play, I will probably just hold my position now.

To: marcos who wrote (7730)	5/6/2011 11:39:18 AM
From: teevee	Read Replies (1) \| Respond to of 8273

private placement closed today-funds raised at $.34 with a half warrant at $.50.....It will be interesting to see if the share price lanquishes until the 4 month hold expires on or about September 6th. May 6, 2011 Channel Resources Announces Closing of $7 Million Bought Deal Private Placement VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2011) - NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES. Channel Resources Ltd. ("Channel" or the "Company") (TSX VENTURE:CHU) is pleased to announce that it has completed its previously announced "bought deal" private placement (the "Private Placement") of 20,590,000 units (the "Units") for gross proceeds of $7,000,600, including 5,880,000 units issued pursuant to the exercise of the underwriter's over-allotment option. The Units were sold pursuant to an underwriting agreement entered into between Wellington West Capital Markets Inc. (the "Underwriter") and the Company. The Units were issued at a price of .34 per Unit, each Unit consisting of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of .50 for a period of 24 months from the date hereof. The Underwriter was paid a cash fee equal to 7% of the gross proceeds from 20,440,000 Units and was issued 1,430,800 broker warrants (the "Broker Warrants"). Each Broker Warrant will be exercisable at any time to acquire one Common Share at a price of .40 for a period of 24 months from the date hereof. Channel plans to use the net proceeds from the Private Placement to advance the Company's Tanlouka Gold Project in Burkina Faso, and for general corporate purposes. The offering is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange. The securities will be subject to a resale restriction for a period of four months plus one day, expiring on September 7, 2011.