Black Widow Resources (TSXV:BWR) Begins Trading on TSX Venture Exchange - Video Summary on www.investmentpitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, April 10, 2013 - Black Widow Resources (TSXV:BWR)
is one of the latest new listings on the TSX Venture Exchange.
InvestmentPitch.com has produced a "video news alert" which provides a brief
overview of Black Widow Resources. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "Black Widow" in the search box.
The company raised gross proceeds of approximately $1.1 million through the
issuance of 1,797,500 flow-through units at $0.17 per unit, with each unit
containing one-half of a common share warrant, and 5,309,500 common share units
at $0.15 per unit, with each unit containing a full common share warrant. The
warrants are exercisable at $0.20 for a 2 year period.
The company is engaged in the business of mineral exploration, currently focused
in northern Ontario, with an objective is to locate, acquire and develop
exploration or development properties.
Despite being a relatively new company, its directors and management team have
many decades of experience in the junior resource sector, and in providing
corporate and financial administrative services to public companies.
The company's current projects include Gremlin in the "Ring of Fire" area of the
James Bay Lowlands, Santa Maria located near Dryden and Shunsby in the Swayze
greenstone belt to the west of Timmins.
The company holds a 100% in the Gremlin property, which consists of 39 claims,
and has completed approximately $220,000 in exploration expenditures. The
company is targeting 9 electromagnetic anomalies for VMS style copper-zinc
deposits, and has budgeted $1.0 to 1.5 million for a drill program. The company
has also identified 5 kimberlite intrusive rock bodies, which offer the
potential to contain diamonds.
The company holds a 70% interest in the Santa Maria Project, pursuant to a joint
venture with New Klondike Exploration. The Santa Maria property includes at
least 6 known historical gold occurrences, with gold values ranging from trace
to 28 grams per tonne documented on the property. Visible gold has been observed
in 3 of these zones. Additional work is currently being planned to continue the
assessment of the 3 new anomalies identified in an airborne survey.
For more information on the company's properties, please refer to the NI 43-101
reports on Sedar.com.
The shares began trading at $0.15 per share, and with 21.2 million shares
outstanding, the company is capitalized at $3.2 million.
For more information, please visit the company's website at
www.blackwidowresources.com, or contact Neil Novak, President & CEO at
416-203-8636 or email nnovak(at)blackwidowresources.com.
About InvestmentPitch
InvestmentPitch.com, a multimedia company that provides a combined solution for
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multiple platforms to investors and financial professionals, specializes in
producing short three minute videos based on significant news releases and
research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 10.04.2013 - 21:39 Uhr
Sprache: Deutsch
News-ID 247976
Anzahl Zeichen: 4000
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