~ 4.5 million shares sold by MineralFields, reported Feb 4, 2010 on Sedar.
posted on
Feb 10, 2010 04:07PM
They did well with their investment and the share price is holding up well considering these large sales. With these shares coming out of a closely held position this will be good for SH in the long run IMO. One thing that is a plus for Clifton Star is the share structure. Still around 40 million shares fully diluted, only 23 million shares issued. Just look around and one doesn't have to look too long before finding that 23 million shares issued is a small number... for what may yet prove to be a match to the Osisko Malartic resource.
With the certain exercise of options as they come close expiration and the profitable warrants that MF and others hold, there most certainly will be additional money flowing to the Treasury. Good job all.
Now waiting for news...