Miocene Metals (TSXC:MII) Begins Trading on TSX Venture Exchange - Video Summary of Company Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, August 11, 2011 - Miocene Metals (TSXV:MII) is one
of the latest new listings on the TSX Venture Exchange.
InvestmentPitch.com has produced a "video news alert" about Miocene Metals. If
this link is not enabled, please visit www.InvestmentPitch.com and enter
"Miocene" in the search box.
Macquarie Private Wealth acted as agent on Miocene's IPO, which consisted of
6,945,000 units priced at $0.36 per unit, and 6,320,000 flow-through units,
priced at $0.40 per unit. Each unit is comprised of one common share and one
half of one common share purchase warrant. Each whole warrant is exercisable at
a price of $0.50 per common share for a period of two years from the closing
date of the offering.
Miocene was created to acquire all of Wallbridge's porphyry copper-gold-
molybdenum properties located in southwestern British Columbia. This transaction
was modelled after the previous 2005 spin off of Wallbridge's copper-nickel-PGE
Minnesota properties, into Duluth Metals. Duluth was subsequently listed on the
Toronto Stock Exchange in 2006, and currently trades in the $2.50 range and is
capitalization at more than $300 million.
Miocene's property portfolio includes Wallbridge's Rogers Creek copper-gold-
molybdenum property plus six other recently acquired properties, all located
within a newly recognized belt of Miocene-age intrusive rocks which are highly
prospective for copper, gold and molybdnenum.
This belt, known as the Cascades Arc, shares many geological characteristics
with the Miocene-age porphyry belt that stretches the length of Chile and
Argentina and hosts some of the world's largest porphyry copper-gold-molybdenum
deposits including Chuquicamata, El Teniente and Los Bronces.
The company has a 2-phase, $4 million program planned, which will include up to
6,720 metres of drilling on the Rogers, Salal and MacKenzie projects. The
company also plans stream and soil sampling on the other projects, Mount Barr,
Custer Ridge, Sunshine and Shulaps, which are at the grassroots level, with
known mineral showings. The company has addition airborne and ground surveys
planned for the Mount Barr property.
Miocene currently trades at $0.30 and with approximately 67,500,000 shares
outstanding, is capitalized at approximately $20 million.
For a more information on Miocene Metals, please visit their website at
www.miocenemetals.com or phone Linda Zubal at 705-682-9297 oremail
lzubal(at)miocenemetals.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating, hosting, and distributing financial video content across multiple
platforms to investors and financial professionals.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1538097]
Unternehmensinformation / Kurzprofil:
Datum: 11.08.2011 - 22:13 Uhr
Sprache: Deutsch
News-ID 57196
Anzahl Zeichen: 3648
contact information:
Kategorie:
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