Savoy Ventures (TSXV:SVO) Lists on the TSX Venture Exchange - Video News Alert on Investmentpitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, October 30, 2013 - Savoy Ventures (TSXV:SVO) is one
the latest new listings on the TSX Venture Exchange. The company completed an
initial public offering of 4 million common shares at $0.15 per share, raising
gross proceeds of $600,000 with Mackie Research Capital acting as agent for the
offering. The prospectus is available for viewing on Sedar.com.
InvestmentPitch.com has produced a "video news alert" which provides a brief
overview of Savoy Ventures. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "Savoy" in the search box.
The company is engaged in the acquisition and exploration on mineral properties,
and currently has an option to acquire a 100% interest in the Big Range Property
in south central British Columbia, Canada. The property consists of 14 mineral
tenures with a total area of approximately 6,900 hectares.
Under the Big Range Option Agreement, the Company will be required to pay total
cash payments of $165,000, issue a total of 600,000 Common Shares and incur
total exploration expenditures of $2,600,000 over a period of four years.
Previous geophysical surveys outlined the known magnetic anomalies but provided
little interpretation. The company intends to implement a two phase exploration
program, with the first stage consisting of an IP geophysical survey in order to
define trenching and drilling targets.
There are 9.4 million shares outstanding, with 1.6 million shares held in
escrow. For more information, please contact Greg Amor at 604-895-7446 or email
gamor(at)pacificpotash.com.
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CONTACT:
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Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 30.10.2013 - 14:57 Uhr
Sprache: Deutsch
News-ID 310936
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