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New Listing: Fiorentina Minerals Inc. (CSE:FLO)

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Fiorentina is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada.

Additional Information:

Company: Fiorentina Minerals Inc.
Website: http://www.FiorentinaMinerals.com
Stock Symbol: CSE: FLO
Date Published: Oct 22, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Fiorentina Minerals Inc. is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “FLO”, following its initial public offering.

Fiorentina is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada.

Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Consortium Project Mineral Property.

The property, about 35 kilometers south of the coastal town of Sayward, is located in the headwaters of the White River around Stewart Lake, in an active logging district accessed by well maintained Forest Service Roads.

Access to the White River logging road system is directly from Highway 19 at the Sayward Junction about 75 kilometers north of the coastal city of Campbell River.

The property consists of three mineral titles covering an area of 1,161 hectares.

In 1991, five channel samples taken over a 450 meter length of the A-1 Creek occurrence range in grade from 5 to 33 grams per tonne gold, 5 to 96 grams per tonne silver and 0.14 to 0.86% copper and
0.37% to 8.42% zinc.

Further exploration work is warranted to uncover the source of anomalous precious metal concentrations discovered more recently in two high priority parts of the claim group.

The company has an option to earn an 100% undivided interest in the property subject to a 3% NSR Royalty on all base, rare earth elements and precious metals.

To earn 100%, the company must pay $160,000 in cash, 600,000 shares and complete $500,000 of exploration expenditures in stages over 3 years.

The company raised gross proceeds of $400,600 from an offering of 4,006,000 shares at $0.10 per share, which included an over-allotment of 506,000 shares, with Leede Jones Gable acting as agent for the IPO.

The shares are bid at $0.10 and offered at $0.25 with no trades to date.

For more information, please visit the company’s website www.FiorentinaMinerals.com, contact Robert Coltura, President and CEO, at 604-683-8610 or by email at rcoltura@matalia.ca.

I’m Megan Edwards for Investmentpitch Media