drbubb Posted April 8, 2011 Report Share Posted April 8, 2011 Golden Valley Mines Ltd. / GZZ.v in Canada Serial Spin-offs to enhance future value =========================================== Golden Valley / GZZ.v is now planning 3 spinoffs, which should unlock substantial value for shareholders. GZZ.v Chart .. 5yr-update : 1year : 3mos : i-Day : At C$0.455 = C$29.1 mn MktCap. About Golden Valley Mines Ltd.: The Company typically tests initial grassroots targets while owning a 100% interest therein and then seeks partners to continue exploration funding. This allows the Company to carry on its generative programs and systematic exploration efforts at other majority-owned grassroots projects. The Company (together with its various subsidiaries) holds majority property interests in projects in Canada (Saskatchewan, Ontario, and Quebec) and in the Republic of Sierra Leone in West Africa. The Company has formed three subsidiaries to hold advanced projects and/or projects that are peripheral to its core business plan (grassroots exploration) and/or outside of its main area of operations (Abitibi Greenstone Belt) and has made applications for the listing of their shares on the TSX Venture Exchange (the "Exchange"), namely : (1) Abitibi Royalties Inc. (which holds the Malartic CHL project, an option/joint venture project with Osisko Mining Corp. ("Osisko"), a 2% NSR on the Malartic CHL prospect held by Osisko, and the Luc Bourdon and Luc Bourdon West Project, an option/joint venture project with Noront Resources Ltd. and White Pine Resources Inc.), (2) Nunavik Nickel Mines Ltd. (which holds the Company's advanced nickel-copper-PGE projects situated in the Nunavik Region of Quebec, including the Fortin property), and (3) Uranium Valley Mines Ltd. (which holds the Company's 40% interest in the Beartooth Island Project, a joint venture with Ditem Explorations Inc., and the Company's 50% interest in the Otish/Mistassini Project, a joint venture with Lexam VG Gold Inc. (formerly Lexam Explorations Inc.) and which is anticipated to hold other advanced uranium joint venture projects). There can be no assurance that the reorganization will be accepted by the Exchange as proposed, or at all. In addition, completion of the proposed reorganization is subject to the approval of the Company's shareholders and the Supreme Court of British Columbia. website :: http://www.goldenvalleymines.com MAPS - #1 - OSK jv : http://www.goldenvalleymines.com/en/content/project-description-3 #2 - xxx : http://media3.marketwire.com/docs/goldenvalley0405.pdf Link to comment Share on other sites More sharing options...
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