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Jim Sinclair to speak at CMRE dinner in New York on May 17
1:29p ET Sunday, March 11, 2012
Dear Friend of GATA and Gold:
North America's if not the world's leading gold advocate -- trader and mining entrepreneur Jim Sinclair -- will speak at the spring dinner meeting of the Committee for Monetary Research and Education on Thursday, May 17, in New York City.
Sinclair, whose appearance at GATA's Gold Rush 2011 conference in London last August was his first conference appearance in eight years, will join, among other speakers, monetary historian and GATA consultant Edwin Vieira and QB Asset Management partner Paul Brodsky, whose market commentaries often have been cited in these dispatches.
Also among the speakers will be Prince Michael of Liechtenstein, president of Industrie & Finanzkontor, a financial services company based in Vaduz, who is also founding president of the European Center of Austrian Economics Foundation and a renowned advocate of free markets.
The title of the speaking program is "Money and the Corporate State."
Your secretary/treasurer will be among the discussion moderators.
This CMRE meeting will be held again at the beautiful Union League Club in Manhattan, just a short walk south of Grand Central Station but still far enough north of the Federal Reserve Bank of New York to escape the stench. The club's food and drink are always great. Admission will cost $175 for CMRE members and spouses and $185 for others.
The meeting's agenda is posted here:
http://www.gata.org/files/CMREAgenda-05-17-2012.doc
A reservations form is posted here:
http://www.gata.org/files/CMREReservationsForm-05-17-2012.doc
Inquiries may be directed to CMRE President Elizabeth Currier at CMRE@BellSouth.net.
This CMRE meeting is sure to be interesting and fun and your secretary/treasurer hopes to see many friends of GATA there.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Prophecy Platinum (TSXV: NKL) and Ursa Major Minerals
Sign Combination Agreement
Company Press Release
Friday, March 2, 2012
VANCOUVER, British Columbia, Canada -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) and Ursa Major Minerals Inc. have signed a binding letter of agreement for a business combination through a proposed all-share transaction. In doing so Prophecy and Ursa have acted at arm's length and the transaction has been negotiated at arm's length.
Prophecy will issue one common share in exchange for every 25 outstanding common shares of Ursa. Ursa options and warrants will be exchanged for options and warrants of Prophecy on an agreed schedule.
Prophecy's offer represents a value of about $0.15 per each common share of Ursa based on Prophecy's share price of $3.70 as at March 1, representing a premium of 130 percent to Ursa's March 1 closing price of $0.065.
Prophecy is to subscribe for $1 million common shares of Ursa by way of private placement financing at $0.06 per share, subject to regulatory approval. Upon placement completion, John Lee and Greg Hall, current Prophecy directors, will be appointed to Ursa's board.
Prophecy thus will become a mid-tier resource company with a robust and
diversified pipeline of platinum nickel projects, including:
-- The fully permitted open-pit Shakespeare PGM-Ni-Cu mine close to Sudbury, Ontario, infrastructure with near-term production capabilities.
-- The flagship Wellgreen (Yukon) PGM-Ni-Cu project with more than 10 million ounces of Pt-Pd-Au inferred resource. Drilling is under way and a preliminary economic assessment study is pending.
-- Manitoba's Lynn Lake Ni-Cu project with more than 262 million pounds Ni and 138 million pounds Cu measured and indicated.
For the complete announcement, please visit Prophecy Platinum's Internet site here:
http://www.prophecyplat.com/news_2012_mar02_prophecy_platinum_ursa_major...
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
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Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
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Sona Discovers Potential High-Grade Gold Mineralization
at Blackdome in British Columbia -- 13.6g over 1.5 Meters
From a Company Press Release
November 22, 2011
VANCOUVER, British Columbia -- With its latest surface diamond drilling program at its 100-percent-owned, formerly producing Blackdome gold mine in southern British Columbia, Sona Resources Corp. has discovered a potentially high-grade gold-mineralized area, with one hole intersecting 13.6 grams of gold in 1.5 meters of core drilling.
"We intersected a promising new mineralized zone, and we feel optimistic about the assay results," says Sona's president and CEO, John P. Thompson. "We have undertaken an aggressive exploration program that has tested a number of target zones. Our discovery of this new gold-bearing structure is significant, and it represents a positive development for the company."
Sona aims to bring its permitted Blackdome mill back into production over the next year and a half, at a rate of 200 tonnes per day, with feed from the formerly producing Blackdome mine and the nearby Elizabeth gold deposit property. A positive preliminary economic assessment by Micon International Ltd., based on a gold price of $950 per ounce over eight years, has estimated a cash cost of $208 per tonne milled, or $686 per gold ounce recovered.
For the company's complete press release, please visit:
http://www.sonaresources.com/_resources/news/SONA_NR18_2011-opt.pdf
