Experienced Leadership
Our deal team has extensive experience across critical functions of successful resource deals:
- deal structuring
- sourcing and acquisition of assets
- exploration and development of assets
- capital raising
- legal & regulatory
- marketing and promotion
Superior Capital Structure
- Management & Insiders Hold 35.8% of I/O Shares (4.205 million); 37.4% of F/D shares (5.305 million);
- Voluntary Pooling of Privately Issued Shares;
- All private shareholders escrowed shares for 36 months (in addition to standard TSXV policies)
- Only 1,160,000 private shares issued pre-IPO held by non-insiders are free trading
Southwestern BC Focus: The Alwin Mine
- January 2020: Obtained option to acquire 100% the historic Alwin Mine Project
- Q1 2020: Data compilation, 3D modelling of Alwin Deposit, permitting for Summer 2020 Drill program
Financials
View our filings on SEDAR.
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Capital Structure
Issued & Outstanding Shares:
11.7 Million
Fully Diluted:
14.2 Million
Working Capital:
CAD $0.4 Million
Market Capitalization:
CAD $2.4 Million
Enterprise Value:
CAD $2.0 Million
*All pre-IPO shares are subject to 36-month escrow release schedule;
- Only 1.160 million non-insider seed shares free trading;
- 1.650 million non-insider pre-IPO shares remain escrowed;
- Management & Insiders Hold 35.8% of I/O Shares (4.205 million) 37.4% of F/D shares (5.305 million);
- Free Float: 4.759 million shares (as at February 4, 2020);
Share Structure Detail
Amount:
Notes:
Basic Shares:
11,734,205
-
Broker Warrants:
289,415
20c Strike Price
Options
1,050,000
20c Strike Price
Warrants
1,120,000
20c Strike, Expiry November 4, 2021
Fully Diluted
14,193,620
As at February 4, 2020
Shareholder Value Creation Strategy
Projects
- Recently acquired option to acquire 100% of Alwin Mine Project; option to earn 100% of the Olivine Mountain project
- Acquire and develop precious and base metals projects in Southwestern BC
Structure
- Focus on capital efficiency and risk mitigation:
- Capital Efficiency: carefully managing capital structure;
- Focus on projects that can add near-term value to shareholders
- Analyze potential acquisition on a Risk/Reward basis:
- Opportunistic acquisitions
- Target projects at appropriate stage for Public Exploration Vehicle
Macro Trends
- Metals & Mining Capital Markets Improving
- Late Economic Expansion : Investors seek exposure to precious and base metals;
- Early Recovery: Base metals can benefit in re-stocking rally after recession;
- Precious metals historically outperform as USD weakens at end of economic expansion; during recovery Metals complex can outperform as currencies are debased to spur aggregate demand
