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Calaveras Resources Corp. (CSE: CRC) New Listing

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The company is a mineral exploration company focused on the exploration and development of the Fame property.

Additional Information:

Company: Calaveras Resources Corporation
Stock Symbol: CSE: CRC
Date Published: Oct 10, 2017
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Calaveras Resource Corp.is the latest new listing on the Canadian Securities Exchange, trading under the symbol “CRC”.

The company completed an IPO through Haywood Securities, raising gross proceeds of $500,000 from the offering of 5 million units, priced at $0.10 per unit.

Each unit consisted of one share and one warrant, with each warrant exercisable at $0.15 for 24 months, subject to an acceleration clause.

The shares are currently trading at $0.47, and with 9.7 million shares outstanding, the company is capitalized at $4.6 million.

The company is a mineral exploration company focused on the exploration and development of the Fame property.

The property, which is easily accessible using a combination of paved and well maintained gravel roads,
is located in south-central British Columbia, approximately 80 kilometres southwest of Williams Lake.

In order to exercise its option to acquire a 100% interest in the Fame Property, Calaveras is required to pay $160,000, issue 1,100,000 shares, and incur $1,000,000 in exploration expenditures over 4 and one-half years.

The various exploration programs conducted on the Fame Property over the past several decades have clearly demonstrated the presence of low sulphidation epithermal-type gold mineralization.

The 3D IP survey conducted in the Discovery Zone area has identified numerous targets that warrant drill testing.

The initial budget recommends 1000 metres of proposed diamond drilling with an estimated cost of approximately $250,000.

For more information on the property, please refer to the NI 43-101 Technical Report filed on Sedar.

For more information please contact Ryan Cheung, CFO, at 604-681-8835 or email veils_dsh@yahoo.com.

I’m Megan Edwards for Investmentpitch Media