drbubb Posted April 6, 2006 Report Share Posted April 6, 2006 Chart ... update : 10day (IPO- placement at C$0.85) its parent with 25-30%, Hidefield, traded in London ... HIF-chart Columbus Gold is a private gold exploration company which will shortly list on the TSX Venture exchange. The IPO is expected to raise C$5m for the company which would give it a market capitalisation of C$20m at listing. The company's properties are concentrated in the US state of Nevada, which would be the world's third largest producer of gold if it were an independent country. Nevada accounts for 83% of the gold produced in the US, or 8.7% of world output in 2004. In 2004 Newmount Mining, Barrick Gold Corp. and Placer Dome collectively produced 5.4m oz of gold in Nevada. Recently the state has attracted quite a lot of attention amongst investors in junior companies through the consolidation activities of US Gold, which recently announced plans to buy four small exploration companies operating on the Cortez Trend in Nevada. Columbus has an exclusive 3 year contract with Cordex Exploration Co., an independent exploration group who are well known in North America for their expertise in Nevada. Cordex are credited with a number of major multi-million ounce gold discoveries over their long history which stretches back to the 1960, detailed on slide 5 of the attached presentation. Cordex has an extensive exploration database dating back to 1969 with technical data on over 3,000 properties. The company has a large portfolio of properties across Nevada, stretching into Arizona also. The properties are 100% owned, and a number are adjacent to large operating mines. The properties are detailed in the presentation and prospectus attached. The company is well funded, with CDN1.2m in the bank, and is in the midst of a drilling programme at present - 3,000 metres on its Golden Mile property. Shareholders include two London listed companies, Hidefield Gold which owns 25% of the company, and Anglo-Pacific, as well as RAB Capital. = = = = = LINKS: Corporate website : http://www.ColumbusGoldCorp.com Apr. Presentation. : http://www.columbusgoldcorp.com/i/pdf/Colu..._April_2006.pdf Link to comment Share on other sites More sharing options...
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