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SULLIDEN ANNOUNCES $75 MILLION BOUGHT DEAL FINANCING
Sulliden Gold Corp. Ltd. has entered into an agreement with National Bank Financial Inc. and Cormark Securities Inc. as co-led underwriters on behalf of a syndicate of underwriters to be formed for the issuance of 43,353,000 common shares of the company, on a bought-deal basis, at a price of $1.73 per share for gross proceeds of $75,000,690.
The company will also grant to the underwriters an option, exercisable at any time until 5 p.m. on the 30th day following the closing, to purchase up to an additional 6.5 million shares.
The net proceeds from the offering will be used by the company to expand the exploration program at the Shahuindo project given recent exploration results, to acquire the existing net smelter royalty on the Shahuindo project, to acquire additional mining concessions adjacent to the Shahuindo project, to finance other advancement activities at the Shahuindo property and for general corporate purposes.
V:PLE - Plexmar Resources Inc. - http://www.plexmar.com
16:56:57 EDT
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13:57:34
Sep 19
15 min RT 2¢
Wonderful post Kobe. It also speaks to Bill 101 that they are trying to get passed in Quebec, and Jack Layton is in agreement with, that all business in Quebec must be conducted in french.
However that bill is not law and possibly far from it.
Until then for us I would think this is more of a human rights issue, like many of you here I've heard more then a couple stories about how much fun those people can be to deal with.
We all know dealing with OUR CEO as shareholders is not getting alot of attention, possibly THEY would.
I'm just sayin'....
Appguy
NEW YORK, NEW YORK and LOS ANGELES, CALIFORNIA and SAN MATEO, CALIFORNIA, and TORONTO, ONTARIO--(Marketwire - April 21, 2011) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT - News; OTCBB:ITMTF - News; FRANKFURT:I4T - News) announce that it has received information there is an erroneous report making false allegations against the Company and its management.
In response to a Globe & Mail article, this group spread an email that has circulated and been posted on the Internet potentially damaging both the Company and its Management.
Written potentially as a research report, these comments were never brought to the attention of Intertainment prior to publication for verification or comment and we believe that the writer and its associates have reported information in error and took other information out of context for unknown reasons.
The Company has received 100's of calls and emails over the past 24 hours with respect to this issue, and although it is not normally our position to comment on these types of issues, the information is so contrary to the Company's efforts and published reports, that it has made an impact on all stakeholders.
The main thrust of the erroneous report, which is in error, is focused on how users are received and managed. To clarify how the company manages it's reported numbers, the Company uses 3rd party verified services like Google Analytics for all its reported information and over 80% of visitors reach Ortsbo through direct means, not search engines or referral sites.
The Company believes that this is a well accepted methodology for determining users.
The Company and management are working diligently to build value for our shareholders.
As a new media company, we are keenly aware of the dissemination and flow of information over the Internet, both good and bad, and believe that not all information published is factual and beneficial.
In response to this report, the Company is pursuing legal and regulatory actions to seek remedies against the publishers.
The Company always welcomes the opportunity to communicate with the investment community, its members and investors.
Full details of news coverage can be found at the Intertainment web site - www.intertainmentmedia.com.
To become a Facebook Fan of Ortsbo, sign up at www.facebook.com/ortsbo Follow Ortsbo on Twitter.
To review Ortsbo's weekly performance metrics and the Company's corporate blog, please visit www.intertainmentmedia.com/blog.
About Intertainment - www.intertainmentmedia.com
If that 'blog/story' was a reason for selling, then this 'legal action' should represent a reason for buying...
Intertainment Responds to Erroneous Research Report
- :
{"s" : "i4t.f,int.v,itmtf.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}
Press Release Source: Intertainment Media Inc. On Thursday April 21, 2011, 9:56 am
NEW YORK, NEW YORK and LOS ANGELES, CALIFORNIA and SAN MATEO, CALIFORNIA, and TORONTO, ONTARIO--(Marketwire - April 21, 2011) - Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT - News; OTCBB:ITMTF - News; FRANKFURT:I4T - News) announce that it has received information there is an erroneous report making false allegations against the Company and its management.
In response to a Globe & Mail article, this group spread an email that has circulated and been posted on the Internet potentially damaging both the Company and its Management.
Written potentially as a research report, these comments were never brought to the attention of Intertainment prior to publication for verification or comment and we believe that the writer and its associates have reported information in error and took other information out of context for unknown reasons.
The Company has received 100's of calls and emails over the past 24 hours with respect to this issue, and although it is not normally our position to comment on these types of issues, the information is so contrary to the Company's efforts and published reports, that it has made an impact on all stakeholders.
The main thrust of the erroneous report, which is in error, is focused on how users are received and managed. To clarify how the company manages it's reported numbers, the Company uses 3rd party verified services like Google Analytics for all its reported information and over 80% of visitors reach Ortsbo through direct means, not search engines or referral sites.
The Company believes that this is a well accepted methodology for determining users.
The Company and management are working diligently to build value for our shareholders.
As a new media company, we are keenly aware of the dissemination and flow of information over the Internet, both good and bad, and believe that not all information published is factual and beneficial.
In response to this report, the Company is pursuing legal and regulatory actions to seek remedies against the publishers.
The Company always welcomes the opportunity to communicate with the investment community, its members and investors.
Full details of news coverage can be found at the Intertainment web site - www.intertainmentmedia.com.
To become a Facebook Fan of Ortsbo, sign up at www.facebook.com/ortsbo Follow Ortsbo on Twitter.
To review Ortsbo's weekly performance metrics and the Company's corporate blog, please visit www.intertainmentmedia.com/blog.
About Intertainment - www.intertainmentmedia.com
(Reposted from another board, credited to 'Foxyroller').
Once they stopped bidding it up, the selling began in earnest with shareholders trying to hold onto their gains. However it was like trying to catch a falling knife with brief pauses along the way. Lots of stops taken out and market sell orders placed and filled. Literally dozens of paid bashers were unleashed on the stock boards to complete the dirty work.
Result? We did a full 50% + retracement in just a few trading sessions. Happened even faster than the last time they went after the stock driving it from .96 to .36 in February.
Once the coordinated selling began, the key accelerator was the completely purposeful and planned shorters' article post on seeking alpha with its false information and accusations - allegedly. Buyers disappeared because they needed time to digest this article. They also disappeared wanting to wait perhaps to buy back in once the dust had settled.
Then the panic selling began to accelerate with false ask walls being used by the attack squad to provide the illusion of mass selling. One begats the other and the selling did actually occur in a step-wise yet accelerated manner.
I hope for the sake of the remaining shareholders that an investigation is initiated by the regulatory authorities upon request by INT management and its shareholders (both current and past).
I also think David Lucatch and the INT management team must respond to the negative article - as mentioned above - and by many posters on this board today.
Otherwise, the attackers have won (for now) and the company's share price - if not its reputation and the reputation of some of its principals - could be at further risk as unfair as that might be.
IMO, an official news release responding to these falsehoods and allegations should be seriously considered.
2fast,
Count me in on both the 'social network' and the road trip...
Appguy