FYI
Everyone seems to be discussing Edward Sugar of late, so thought i would bring this article back to the table so new and existing readers can get a better understanding of his business acumen and potential impact he could have on our company VRC as it is critical to our ongoing success-
I cannot imagine someone of his caliber supporting our business if he did not think we would be a massive success and certainly, would not allow us access to KEY people in his " circle of friends" and hugely influential people, and as he rightfully pointed out that our project will be of strong interested to the US of A. Add in Michael Lew and Stephen Hunt and it looks very good indeed -
Also looks like VRCO options now well in the money all the way up to 5c (2c exercise until dec. 17) as the heads look like they about to surge through 7c
have a great day everyone
http://finfeed.com/juniors/vrc/volts-sweet-deal/20160523/
Published on: May 23, 2016 | by finfeed
Volt Resources (ASX:VRC) has bagged the services of Edward Sugar-backed EAS Advisors to help tap investors in North America.
Sugar has a track record of investing in early-stage ASX-listed resources plays, having participated in deals worth a cumulative $US3.5 billion ($A4.8 billion) to date.
He was involved in the
early stages of getting funding for Fortescue Metals Group (ASX:FMG) and also played a role in the rise of LNG Limited (ASX:LNG) as it built buzz over its Magnolia project in the US.
VRC’s graphite project in Tanzania is at a relatively early stage, but had done enough work to attract the attention of Sugar.
“Volt is at an interesting stage having achieved a great deal to date with regard to the discovery and development of its large resource,” he
was quoted by VRC as saying last week.
“We believe that Volt’s Namangale project will be of strong interest to the US investment community, particularly given the strong, local investor participation in Tanzania, the well-understood shallow ore body and the location of the resource in relation to required infrastructure.”
EAS will mainly be paid in options, with it able to grab 4.2 million options when VRC’s share price hits 6c, 8c, 10c, and 12c.
The options will be exercisable at any time before April 30, 2019.
