QIS Update #2 - 2017 - Fairmont Resources extends Grabasa asset acquisition and final Quattro Exploration update - February 27th 2017
Included in this update:
- Fairmont Resources receives one more extension on the Grabasa assets in Spain with more news expected this week
- Final Quattro Exploration update
New QIS Feature Company Profile
We have recently published the completed Feature Company profile for Blue River Resources Ltd. (BXR:TSX-V).
To view the profile in full, please visit: http://www.smallcaps.ca/feature-companies/blue-river-resources-ltd-bxr-tsx-v
Spring 2017 Conferences
This Spring's Calgary Small-Cap Conference will take place on April 10 at the Coast Plaza Hotel & Conference Centre. The Vancouver Small-Cap Conference will be held on May 4 at the Vancouver Convention Centre.
The conference website has been updated and is open for registration to attend the Spring 2017 Small-Cap Conferences. Investors can sign up to attend this year's events for free at http://www.smallcapconference.ca/register.
Please feel free to email us anytime at firstname.lastname@example.org or call us at (250) 377-1182. We look forward to your comments, questions, and feedback.
Fairmont Resources Inc. (FMR:TSX-V)
Current Price: $0.145 (coverage commenced February 18/16 - $0.025)
Fairmont Resources Inc. has announced it has received an extension to complete the payment for Granitos de Badajoz (Grabasa) until March 8, 2017 from the Spanish Court in Badajoz.
"We have been working diligently with a European based funding group and they are in the final stages of completing the necessary documentation," states Michael Dehn, President and CEO of Fairmont Resources. "While there can be no guarantee of success until this process is completed, this short extension was required to secure the Grabasa assets while finalizing the required logistics and paperwork for financing."
Upon receipt of clearance documentation Fairmont will provide an update to all stakeholders, expected to be in less than a week, on the status of funding for Grabasa.
QIS Capital: We are getting lots of investor interest in Fairmont right now as the company closes in on its financing to complete the Grabasa acquisition. We are hoping to see confirmation in a press release this week. This has been a long time coming as Fairmont originally announced the acquisition last March, which resulted in a spike in share value to over $0.20. Stay tuned for more to come on this company shortly...
Quattro Exploration and Production Ltd. (QXP:TSX-V)
Current Price: $0.06 - Halted - (coverage commenced Sep. 3/15 - $0.08)
QIS Capital: We are officially discontinuing coverage of Quattro Exploration due to the trading halt and liquidity proceedings. While we have stayed in close contact with Quattro management since August when this process was started, we have been unable to contact them now for almost 2 months. There is always a slight chance that bankruptcy proceedings will result in some return to shareholders but it's very rare. If anything significant transpires we will certainly update our subscriber base but unfortunately this one has turned into a major disappointment.