Company Profile
Bluerock Resources is an aggressive uranium exploration company. The Company signed option agreements and is running exploration programs on uranium projects in Colorado, Utah and Mongolia. Bluerock continues to develop a solid group of economic prospective projects by evaluating projects based on criteria of geological potential, historic resources, and most importantly, the probability of resource addition. The Company targets projects which indicate a short time line to feasibility and potential production.
Event
On May 26th, 2008 – the TSX Venture Exchange Daily Bulletin reported that the TSX Venture Exchange had accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 9, 2008 by Vulcan Minerals.
Details of the Private Placement
Number of shares: 5,800,000 shares
Warrants: 2,900,000 share purchase warrants to purchase 2,900,000 shares
Number of Placees: 13 placees
Purchase Price: $0.50 per share
Private Placement Participants
Nancy Curry for 20,000 shares (Director of Bluerock Resources)
RAB Capital PLC for 4,000,000 shares (Fund management and investment firm)
William M. Sheriff for 120,000 shares (Director of Bluerock Resources)
About Nancy Curry
Nancy began her career working in the brokerage industry and has worked for several national investment dealers specializing in trading futures. In 1995, Nancy's public company experience began with Mountain Province Diamonds Inc., where she coordinated and implemented an extensive Corporate Communications and Investor Relations program for the company until 2000. Nancy has continued this management and communications role with several resource and technology companies and is presently VP Corporate Communications for Diamonds North Resources Ltd.
About RAB Capital PLC
RAB Capital is a U.K. listed investment management company that offers a range of absolute return products (i.e. hedge funds). RAB Capital manages 15 single strategy Funds, two Multi-Strategy Funds and had approximately $6.34 billion in assets under management as of May 1, 2008. The company was established in 1999 by Philip Richards and Michael Alen-Buckley.
About William M. Sheriff
Mr. Sheriff is currently a Director of Uranium One (UUU-TSX), Eurasian Minerals Inc. (EMX-TSXV), Midway Gold Corp. (MDW-TSXV), and Pan-Nevada Gold Corporation, and was previously the Chairman of the Board, Executive Vice President and co-founder of Energy Metals Corporation. He is considered to be one of the leading prospect developers in the Western United States having generated numerous exploration projects to many major mining companies. Mr. Sheriff began his career with Cyprus Minerals-AMOCO in 1980 working on molybdenum deposits in Montana. >From 1981 to 1984 as Research Geologist for Amselco Exploration, he was responsible for prospect generation for the southwest USA. >From 1985 to present, he was founder and president of Platoro West Incorporated, a minerals exploration firm specializing in project identification and acquisition throughout the western USA. From 2002 until present, Mr. Sheriff has served as the President of Pacific Intermountain Gold Corporation (PIGCO), a private corporation owned by Seabridge Gold Corporation (SEA-TSX, SA-AMEX). PIGCO holds over 30 advanced gold exploration projects throughout Nevada. He is also President, CEO and a director of Golden Predator Mines Inc., a company that has SEDAR filed its preliminary prospectus for purposes of listing its shares for trading on the TSX Venture Exchange. Mr. Sheriff received his BSc in Geology from Fort Lewis College in Durango, Colorado and conducted graduate studies at the University of Texas-El Paso in Mining Geology and Mineral Economics.
Investment Risks
Without limitations, some of the risks include reserves and resource risk, development risks, permitting risks, off-take agreements, commodity price risks, geo-political risks, exchange rates, weather related impacts etc.
If you like this post, please take a moment to suscribe to my feed or Stumble/Digg it using the appropriate links at the bottom of this post! You can also post a link to it on relevant forums/bullboards. Also, feel free to debate, discuss or comment on the any of the stocks you see on this page in the comments section.
|