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Jan Nieuwenhuijs: The East-West ebb and flood of gold
11:40a ET Monday, January 6, 2020
Dear Friend of GATA and Gold:
Asia tends to buy gold when it's on sale, with the aim of long-term accumulation, Voima Gold researcher Jan Nieuwenhuijs writes today, while the West tends to buy it when the price is rising with the aim of hedging against short-term financial disturbances.
Nieuwenhuijs' analysis is headlined "The East-West Ebb and Flood of Gold" and it's posted at Voima Gold here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Northstar Gold Closes Initial Public Offering
and Lists on Canadian Securities Exchange
Wednesday, December 31, 2019
NEW LISKEARD, Ontario, Canada -- Northstar Gold Corp. (CSE: NSG) announces that it has completed its initial public offering of 9,985,498 common shares at the price of C$0.30 per common share for gross proceeds of C$2,995,649. The corporation will be listed as a natural resource company on the Canadian Securities Exchange (CSE) and the common shares are expected to commence trading on January 2, 2020 under the trading symbol NSG.
Haywood Securities Inc. and Canaccord Genuity Corp. acted as co-lead agents and joint bookrunners under the offering. For their services, the co-lead agents received a cash commission equal to 10% of the gross proceeds of the offering and 998,549 common shares reserved for issuance upon exercise of the common share purchase warrants granted to the co-lead agents upon completion of the offering. The agents' warrants are exercisable at a price of $0.30 per common share within two years.
The corporation intends to use the net proceeds from the offering to complete Phase I of the work program recommended in the technical report dated December 10, 2018, entitled "Independent Technical Report on the Miller Gold Project, Kirkland Lake, Ontario." ...
... For the remainder of the announcement:
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