SI
SI
discoversearch

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


To: Goose94 who wrote (5150)2/19/2014 7:52:41 AM
From: Goose94Read Replies (1) | Respond to of 203353
 
SPH.H-V Feb 18, '14 - NR

As of Dec. 20, 2013, Spartan Gold Ltd. has incurred $513,118 of exploration and property expenditures on Poker Flats, thus earning the initial 51-per-cent interest.Spartan has completed the first round of financing by way of a private placement for $250,000 at 10 cents per share in late November, 2013, and continues negotiating with select and knowledgeable regional investors to take up a further private placement to participate in financing the phase 1 drilling program and corporate overheads for approximately $1-million. See news release dated Oct. 21, 2013.

The company has been advised by its New York advisers that syndicated insurance of the debt instrument are still to be finalized. The bond will only proceed if the insurance is completed, which seems unlikely given the lapse of time.