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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (4185)	1/24/2014 8:17:26 AM
From: Goose94	Respond to of 203026

ANK-V trend is your friend.

To: Goose94 who wrote (4185)	4/14/2014 9:32:11 AM
From: Goose94	Respond to of 203026

ANK-V halted

To: Goose94 who wrote (4185)	5/2/2014 8:42:02 PM
From: Goose94	Read Replies (1) \| Respond to of 203026

Angkor Gold (ANK-V) sells 2.5% NSR on Phum Syarung for $875,000 May 2nd, 2014 - NR A consortium of investors has purchased from Angkor Gold Corp. an aggregate of 2.5 per cent of the 7.5-per-cent net smelter royalty (NSR) on the Phum Syarung gold prospect. Of the 2.5-per-cent NSR sold, 1.0 per cent was sold to related parties of Angkor. The money was raised on the basis of $175,000 per 0.5 per cent and carries a buyback clause by Angkor. A total of $875,000 was raised. The proceeds of the sale are being used to finance continuing exploration in Cambodia and to eliminate debt. Angkor owns an NSR on all future production at Phum Syarung by Mesco Gold Ltd. The NSR is based on a sliding-scale gold price as announced on Nov. 14, 2013, and at the current spot price of gold, the NSR would be 7.5 per cent. Mike Weeks, chief executive officer of Angkor Gold, commented: "This is a win-win. The NSR is being purchased by existing shareholders and provides the company with a non-dilutive source of funds for exploration, further prospect generation and licence obligations. The buyback gives Angkor the flexibility to regain that portion of the NSR as Mesco is closer to production." Angkor's seven exploration licences in Cambodia cover 1,448 square kilometres, which the company has been actively exploring over the past five years. The company has now covered all tenements with stream sediment geochemical sampling; has flown low-level aeromagnetic surveys over most of the ground; drilled 18,737 metres of NQ core in 148 holes; and has collected in excess of 20,000 augered C zone soil samples and over 48,000 termite mound samples in 17 centres of interest, over a combined area of 80 square km, in addition to numerous trenches and detailed geological field mapping. Exploration on all tenements is in progress. Because the value of the NSR sale is less than 25 per cent of Angkor's market capitalization, Angkor is exempted from the requirement to have a formal valuation and from the requirement for minority shareholder approval with respect to the transaction. As of the date of this press release, based upon the last closing price of Angkor's common shares on the TSX Venture Exchange, Angkor's market capitalization is $28,616,440. The transaction was approved by the board of directors of Angkor, with those directors who intended to purchase a portion of the NSR abstaining from voting.