Gold Summary for May 16, 2011

2011-05-16 15:06 ET - Market Summary

by Stockwatch Business Reporter

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"Maxim Finskiy's Century Mining Corp. (CMM) lost a penny to 35.5 cents on 105,000 shares. The company hopes to have its management information circular, detailing the proposed merger with Mr. Finskiy's White Tiger Gold Ltd. (WTG: $2) by the end of this month. Meanwhile, six dissendent shareholders are still working hard to stir up merger opposition. They are worried about insider connections, unfavourable tax consequences and an unreasonable break fee. Recently, they say they received "telephone contact" from White Tiger and Century shareholder Fran Scola, who made it clear White Tiger would not negotiate a different exchange ratio. Now, to continue their hard work, they are asking fellow concerned shareholders for money. An ideal donation would be about one-tenth of a cent for each share held, similar to what the six men say they have already contributed. The money will pay for the costs of communication, lawyers and industry experts.

Two of the dissidents, Rainer Hummel and Larry "the Hoov" Hoover are involved with Robin Dow's Galahad Metals Inc. (GAX: $0.125). Mr. Hummel is a finder while Mr. Hoover is a director. The Hoov is also a hub leader on the Agoracom website for a handful of Canadian companies, including Crystallex International Corp. (KRY: $0.12), Noront Resources Ltd. (NOT: $0.77) and Golden Hope Mines Ltd. (GNH: $0.175). He is not, however, a Century hub leader; that job goes to optometrist Dr. Francis Dube, also a supporter of Golden Hope and Noront."