re: Ann: Acquisition of Zambian Copper/Gold L...
Pinto Minerals was founded in 2010 with the intended code of PNL, supposedly to explore some Menzies, WA tenements.
Was still in the process of floating in April 2011.
Company Name : Pinto Minerals Limited
Phone : 08 9486 1122
Website : http://www.pintominerals.com.au
Synopsis :
Pinto Mierals has assembled a collection of tenements in Western Australia known collectively as "The Menzies Project". The Menzies Project has a mix of "greenfields" to advanced targets in both gold and nickel. The region has been subject to a number of previous exploration programmes which have identified several targets for further exploration.
Open Date : 20 Apr 2011
Close Date :
Float Date : To be advised
Proposed Exchange/Ticker : PNL
Issue Price : 0.2
Amount Sought : 2500000
Shares Issued : 12500000
Market Cap : 58224006.6
And was still trying to float in October 2011 as per this supplementary prospectus.
http://www.pintominerals.com.au/20110711_SupplementaryProspectus2.pdf
Obviously the float failed, as PNL is not/has not been a valid ASX code, that I can find. No details whatsoever on ASX website. The company is thus operating as a private company, and I note the address of Pinto is in the same building as AXC, at 16 Ord St West Perth.
I cant understand why I dont feel excited. Maybe the President of Zambia will sign the deal quicker than the President of Turkmenistan didnt sign the MAPP deal over years. That was for the long-term holders of AXC who will understand what I'm saying. I wont comment further beyond making some quiet retching sounds.
cheers
GZ
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Ann: Acquisition of Zambian Copper/Gold Licenses , page-3
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