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Friday, 16 November 2012
Calling All Dragons - See West Kirkland Mining in Vancouver
Private investors are being handed the opportunity to become the next Kevin O'Leary, or Arlene Dickinson thanks to an innovative Dragon’s Den-style event.
The Proactive Investors One2One forum promises to provide them direct access to the bosses of some of the nation’s most dynamic growth companies.
This time, the One2One Investor Forum will be held in Vancouver, at the Metropolitan Hotel Vancouver - 645 Howe Street - Cristal Room, on November 22. It promises to be an interesting affair, with this compelling investment opportunity on hand for attendees.
The firm, West Kirkland Mining, which is advancing its TUG deposit in Utah, will make a 20 minute pitch followed by a 10 minute inquisition by a roomful of potential Dragons.
“Our inquisitors are every bit as tough as their television counterparts, but perhaps a little fairer,” says Proactive Investors managing director Craig Ribton.
“How often do private investors get the opportunity to meet the heads of businesses they might invest in?”
The brainchild of Ribton and co-founder Ian McLelland, the One2One Forums offer just that chance.
Although the format is similar to the reality TV series (Proactive says it came up with the idea first), the aim is slightly different.
“We are about empowering investors, rather than demeaning the people in charge. I don’t think that approach works or has ever worked,” said Ribton.
“Our plan since our inception has been to introduce investors to some of the most exciting and dynamic growth investments out there.
“We also want to level the playing field for those investors by offering them the kind of access that only fund managers receive.”
In six years, Proactive has organized more than 300 events and introduced investors to some of the stock market’s best-performing stock market listed companies.
Once all the companies have presented, complimentary canapés and beverages are available for 90 minutes during a break-out session, where attendees can mingle with other guests, or ask more questions to the presenters.
Appearing at the Metropolitan Hotel in Vancouver from 1:30pm onwards will be West Kirkland Mining (see mini-biog below).
West Kirkland's (CVE:WKM) focus is regional exploration on the Long Canyon trend, which is marked by the Long Canyon deposit in the southwest and the TUG deposit 65 kilometres to the northeast. The miner, which also has mineral rights in Kirkland Lake, Ontario, has the dominant land position between these two deposits.
West Kirkland Mining recently said that Newmont Mining (TSE:NMC) (NYSE:NEM) exercised its rights under an agreement inked back in December 2010 to acquire 35 per cent of certain mineral rights for six sections of the TUG property in Utah.
The agreement was signed between West Kirkland and Fronteer Development, which Newmont acquired in April last year.
West Kirkland still can earn up to a 60 per cent interest over all of the TUG deposit, becoming the operator of the project, by spending a total of $4.0 million on exploration. "This transaction significantly consolidates the ownership of the TUG deposit and allows the next stage of evaluation, engineering and permitting of the TUG deposit to move forward," said West Kirkland in a statement in October.
Newmont also holds a 40 per cent interest in the balance of the sections over the TUG deposit, and is a significant shareholder of West Kirkland with a near 10 per cent stake.
The junior company is now designing and permitting a drill program at the property to confirm and upgrade the TUG gold/silver resource, and to provide material for metallurgical studies.
An upcoming planned preliminary economic assessment on the TUG deposit, based on a shallow open pit mine plan, will target the near-surface portion of the deposit.
Presentations at the One2One forum in Vancouver will start at 1:30pm and finish at 3:00pm. If you have any problems registering or queries please email firstname.lastname@example.org