A lesson on why management is so important for junior stocks

December 10, 2020

Jayant Bhandari joins us today to share a legal battle he is going though against Jubilee Gold (TSX.V:JUB). While this is an extreme case of poor management it is a good lesson and reminder just how important management is even when there is an asset of value in a Company.

    Dec 10, 2020 10:32 PM

    Newsfile Corp.
    September 25, 2020

    Toronto, Ontario–(Newsfile Corp. – September 25, 2020) – Jubilee Gold Exploration Ltd. (TSXV: JUB) (the “Company”) is pleased to announce the closing of a non-brokered private placement of 130,000 Class A Common Shares in the capital of the Company (“Class A Common Shares”), at a price of $0.65 per Class A Common Share and gross proceeds of $84,500 (the “Private Placement”). The Company intends to use the proceeds from the Private Placement for general working capital purposes.

    No commission, finder’s fee or similar payment (whether in the form of cash, securities or an interest in assets) were paid by the Company in connection with the Private Placement.

    The Class A Common Shares issued in connection with the Private Placement are subject to a statutory hold period of four months plus one day from the date of completion of the Private Placement, in accordance with applicable securities legislation.

    The Private Placement was approved by the Company’s board of directors by means of a unanimous resolution. The TSX Venture Exchange provided final acceptance of the Offering on September 24, 2020.

    For further information contact:

    Name: Summer Becker – Director
    Office: (416) 364-0042

    Dec 10, 2020 10:34 PM

    Reminds me of a famous quote:

    A Liar Standing Next to a Hole in the Ground
    That’s how Mark Twain defined a gold miner. But when our writer heard head-spinning treasure tales from a legendary prospector named Flint Carter, he organized a full-scale expedition into the mountains near Tucson, Arizona. Following a hand-drawn map, the team lit out for the harsh Sonoran Desert hopped up on gold fever in search of the fabled Lost City.

    Dec 10, 2020 10:16 PM
    Dec 11, 2020 11:00 AM
      Dec 11, 2020 11:21 AM

      Remember KISS……… lol 🙂