You are here
Showing grassroots strength, Paul raises $3 million in Q1 2011
Ron Paul's $3 Million Pot of Gold
By Andy Barr
Politico, Washington, D.C.
Thursday, March 31, 2011
Ron Paul raked in roughly $3 million during the first quarter through his various political organizations, Politico has learned.
Though not all of that money can be transferred to a potential presidential campaign, the big haul demonstrates Paul's continuing force as a grassroots-powered online fundraiser.
The Texas congressman raised $1 million through his federal PAC and $2 million through Campaign for Liberty, a 501C(4) that cannot transfer funds directly to political organizations. Paul's fundraising documents, which was to be filed today with the Federal Elections Commission, will also show he has $1.7 million on hand in his congressional campaign account.
... Dispatch continues below ...
Prophecy Resource Spins Off Platinum/Palladium Venture:
World-Class PGM Deposit in Yukon
Company Press Release, January 18, 2011
VANCOUVER, British Columbia -- Prophecy Resource Corp. (TSX-V:PCY)and Pacific Coast Nickel Corp. announce that they have agreed that PCNC will acquire Prophecy's Nickel PGM projects by issuing common shares to Prophecy.
PCNC will acquire the Wellgreen PGM Ni-Cu and Lynn Lake nickel projects in the Yukon Territory and Manitoba respectively by issuing up to 550 million common shares of PCNC to Prophecy. PCNC has 55.7 million shares outstanding.
Following the transaction:
-- Prophecy will own approximately 90 percent of PCNC.
-- PCNC will consolidate its share capital on a 10 old for one new basis.
-- Prophecy will change its name to Prophecy Coal Corp. and PCNC will be renamed Prophecy Platinum Corp.
-- Prophecy intends to distribute half of its PCNC shares to shareholders pro-rata in accordance with their holdings.
Based on the closing price of the common shares of PCNC on January 17, $0.195 per share, the gross value of the transaction is $107,250,000.
For the complete announcement, please visit:
"Dr. Paul's fundraising comes almost exclusively from individuals, not special interests," LibertyPAC director Jesse Benton told Politico. "He received contributions from all 50 states, and his average gift this quarter was under $70, demonstrating his broad grassroots support.
"Dr. Paul's grassroots fundraising prowess is unmatched, and any 2012 political endeavor on which he embarks will have the financial backing it takes to win," Benton added.
Much of Paul's funds came via a Presidents' Day money bomb that netted $700,000 for his federal PAC. The money bomb was promoted through Paul's Facebook page and libertarian websites promising his fans that "if we show him enough support, he will announce his official candidacy for 2012."
* * *
Join GATA here:
An Evening with Bill Murphy and James Turk
Sponsored by Deutsche Edelmetall-Gesellschaft
Friday, April 29, 2011
Hofbrauhaus, Munich, Germany
Support GATA by purchasing gold and silver commemorative coins:
Or a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Sona Drills 85.4g Gold/Ton Over 4 Metres at Elizabeth Gold Deposit,
Extending the Mineralization of the Southwest Vein on the Property
Company Press Release, October 27, 2010
VANCOUVER, British Columbia -- Sona Resources Corp. reports on five drillling holes in the third round of assay results from the recently completed drill program at its 100 percent-owned Elizabeth Gold Deposit Property in the Lillooet Mining District of southern British Columbia. Highlights from the diamond drilling include:
-- Hole E10-66 intersected 17.4g gold/ton over 1.54 metres.
-- Hole E10-67 intersected 96.4g gold/ton over 2.5 metres, including one assay interval of 383g of gold/ton over 0.5 metres.
-- Hole E10-69 intersected 85.4g gold/ton over 4.03 metres, including one assay interval of 230g gold/ton over 1 metre.
Four drill holes, E10-66 to E10-69, targeted the southwestern end of the Southwest Vein, and three of the holes have expanded the mineralized zone in that direction. The Southwest Vein gold mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface.
"The assay results from the Southwest Zone quartz vein continue to be extremely positive," says John P. Thompson, Sona's president and CEO. "We are expanding the Southwest Vein, and this high-grade gold mineralization remains wide open down dip and along strike to the southwest."
For the company's full press release, please visit: