Look what happens when the right contacts are made.... CFM was 7 cents in September

I love this Newman Todd project and have been waiting for RGC to drill it off..... now it looks like their JV partner could take them over if the drill stem is happy.

Dave needs to get broker into the picture here.... it takes both results and support to make the whole picture come together.

Time to make the pitch to Cormark Dave and tell the Borden story... get some broker support and position them into the play..... Buy some stock say 1 MM shares and agree to do a placement for the end price for 2 to 5 million shares.... This gets cash into the till.... then drill the crap out of Borden.

Confederation Minerals arranges $10-million private placement

2011-02-10 16:29 ET - News Release

Mr. Lawrence Dick reports

CONFEDERATION MINERALS ANNOUNCES $10 MILLION BOUGHT DEAL PRIVATE PLACEMENT

Confederation Minerals Ltd. has entered into an agreement with a syndicate of underwriters co-led by Cormark Securities Inc. and Fraser Mackenzie Ltd. and including Casimir Capital Ltd. pursuant to which the underwriters have agreed to purchase 11,950,000 units, each unit to consist of one common share and one half of one common share purchase warrant, to be issued from treasury at a price of 67 cents per unit and 2.5 million common shares to be issued on a flow-through basis from treasury at a price of 80 cents per flow-through common share. Each warrant can be exercised for up to sixteen months following closing of the financing to purchase one common share at an exercise price of $1 per common share.

Confederation has also granted the underwriters an option to purchase up to an additional 1,792,500 units, for additional gross proceeds of approximately $1.2-million. The underwriters' option is exercisable in whole or in part up until closing of the Offering.

The offering is scheduled to close on or about March 3, 2011, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

Proceeds of the Offering will be used to fund Confederation's exploration program with gross proceeds from the sale of the flow-through common shares used to fund ongoing exploration activities eligible for Canadian Exploration Expenses which will be renounced in favour of the subscribers of the flow-through common shares effective on or before Dec. 31, 2011. The units and the flow-through Common Shares will be offered in all provinces of Canada on a private placement basis.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.