New Management, New Advisors, and New Money – All Point to an Inevitable Tipping Point – Before the Year is out.
If you’re new to precious metals mining (as we admittedly are – despite our wild tack record*) there are a few basic stages to follow that are reported by all exploration miners, via press releases.
Despite technical terms that can get in the way (like Porphyry) none of this is rocket science – though the technology they use is amazingly advanced. Things like magnetometers hung on unmanned helicopters.
BASIC NEWS TO FOLLOW CHECKLIST
- Did they find and acquire an interesting property.
- Did they enough raise money to begin exploration, but not so much to dilute shareholders early in the exploration process.
- Are they about to conduct early surface exploration to narrow down their targets for drilling?
- Are they about to drill?
- What are the results of the drilling?
At each one of these steps, the share price can ratchet up significantly. Due to our personal fondness for gambling and to seek out the MAXIMUM potential return, we are most fond of stage #2.
Stage #2 is the same as getting money to open a new restaurant, initiate clinical trials of a new drug, plant a field of cannabis, or launch a new online bookstore. While there is zero assurance that any of those ventures will succeed – what we can be assured of it’s GAME ON.
At this well-publicized stage -investors can participate (invest) or watch an unknown like Jeff Bezos explore for business success – from the sidelines.
Lucky Minerals just crossed stage #2. The game-on stage!
Lucky Closes Second and Final Tranche of Non-Brokered Private Placement Units.
VANCOUVER, BC / ACCESSWIRE / June 29, 2020 /Lucky Minerals Inc.(TSXV:LKY)(OTC PINK:LKMNF)(FRA:LKY) (“Lucky” or the “Company“) is pleased to announce that, further to its news releases of May 15, 2020 and June 8, 2020, that it has completed the second tranche of its private placement (the “Offering“) for gross proceeds of $935,490.45. The second tranche closing consisted of 6,236,603 units (the “Units“) at a price of $0.15 per Unit. Each Unit consists of one common share in the capital of the Company (a “Share“) and one share purchase warrant (a “Warrant“). Each Warrant will entitle the holder to purchase one Share at a price of $0.22 exercisable until June 26, 2022. The Company has raised a total of $3,072,200.40 under the two tranches of the Offering.
The net proceeds of the second tranche of the Offering will be used for exploration on the Company’s properties and general working capital.
*Wild tack record. We really are killing it, from our original large-cap model portfolio (Big 5, Core and Super 7) to our most recent Ecuador model portfolio where the top five gainers all exceed 50% in the past year! We’ll try to update this week.
(Client, Lucky Minerals is a client where we are compensated for progress reporting, please see report for disclaimer and disclosure details. We are not a 43101 reporter, a Canadian thing.)