3 years ago

Get two free stocks, one valued from $12-$1400 on Webull:
https://act.webull.com/e/5zThWeyNVDe2/0vc/

Wanna be friends? Add Me Here!
https://twitter.com/MoneyOctopus
https://stocktwits.com/OctopusMoneyMultipliers

https://www.patreon.com/octopusmoneymultipliers

Wanna Buy Some Shirts Or Cups?
https://octopusmoneymultipliers.com/merchandise

Wanna Buy The Same Stuff I Use Or Help Support Us By Buying Your Amazon Stuff Through These Links?

My First Camera Stand:
https://amzn.to/318yjuk
My Second Camera Stand:
https://amzn.to/30pfPqr
My Camera:
https://amzn.to/3gqnPgv
Worlds Best Bluetooth Headset:
https://amzn.to/3gtzT0k
What I Use To Put My Camera Stand On To make It The Perfect Height:
https://amzn.to/2Dg4TCL

Buy Silver Gold Platinum Digitally Vault
https://www.onegold.com/join/54902b874e94473d8f7b49fbfbd141a0

Buy Silver Gold Platinum Physically
https://shrsl.com/2f4zo

Today's Video
https://octopusmoneymultipliers.com/2020/09/23/top-2-gold-silver-mining-companies-to-buy-now/

Top 2 Gold Silver Mining Companies to Buy Now Most Nevada
adminnSeptember 23, 2020

57M Shares LOW

Ely Gold Inc

157M Shares

New News

BlackRock Gold

Blackrock Gold mulling plans to spin out its Silver Cloud property in Nevada into separate company

Earlier this month, the group updated on its maiden drill program at the Tonopah West project in the Walker Lane trend in Nevada
Blackrock Gold Corp -

Silver Cloud was once the group’s flagship property in Nevada

Blackrock Gold Corp (CVE:BRC) said it is mulling plans to spin out its once flagship property Silver Cloud in Nevada into a separate public company to unlock its value.

“With gold hovering near all-time highs and our Tonopah West property dominating the show, we see this as the perfect backdrop ..,” said Andrew Pollard, CEO of Blackrock Gold in a statement on Tuesday.
READ: Blackrock Gold gets second drill rig at Tonopah West; Silver Cloud drilling set for the Fall

“We don’t believe the market is fully valuing the sum of our parts and we see this as the ideal solution to ensure both projects get the attention and command the valuation of which they deserve, with purpose-built teams for each,” he added.

“Not only would this allow Blackrock to streamline its focus towards re-establishing and developing the Tonopah silver district into the tier-one mining complex it once was, it will also allow shareholders to participate in, and benefit from the creation of a new Northern Nevada focused exploration company.”

Earlier this month, the group updated on its maiden drill program at the Tonopah West project in the Walker Lane trend in Nevada, in which it said a second set of assays had delivered a second high-grade discovery.

Management currently envisages Blackrock shareholders receiving one SpinCo Share for every three Blackrock Gold shares held. Blackrock’s shareholders would end up owning shares in both Blackrock and SpinCo in the same proportions.

The SpinCo shares would be subject to resale restrictions with 25% of the SpinCo Shares being released from the restrictions at the time of completion of the spinout and a further 25% being released every four months thereafter, the resource firm said.

Completion of the spin-out will be subject to a number of conditions, including settlement of the board and management team for SpinCo, required shareholder approval, and the listing of the SpinCo Shares on the TSX Venture Exchange, it added.

“There is no certainty that the spinout transaction will be completed on the terms proposed or at all,” it added.

CEO Andrew Pollard will give a live company presentation at the upcoming Precious Metals Summit Beaver Creek on September 16 at 10:45 am EST, the firm also said in the statement.

9 high grade viens
HYMC Hycroft Mine

Charts:

SPY

NETE

PPSI

SBE

Loading comments...