QIS Update #6 - 2016 - Fairmont Resources resumes trading on April 7, 2016 2016 - April 7th 2016
Included in this update:
- Fairmont Resources to commence trading at open on Thursday, April 7th
We had a successful Small-Cap Conference in Calgary on March 30th. We would like to thank all of our investors who came out to the event and made the conference a success. We heard from some great fundamental companies and guest speakers and we were pleased with all of the presentations. A summary of the Calgary Small-Cap Conference will be going out to our investors in the next few days.
Our Vancouver Small-Cap Conference in coming up on May 3rd. This will be another great conference with quality presentations. If you plan to attend, please pre-register at www.smallcapconference.ca/register.php.
Please feel free to email us anytime at email@example.com or call us at (250) 377-1182. We look forward to your comments, questions, and feedback.
Fairmont Resources Inc. (FMR:TSX-V)
Current Price: $0.045 (coverage commenced February 18/16 - $0.025)
On March 17, 2016, Fairmont Resources requested that trading in the company’s shares be halted pending a press release. Subsequently on March 21, Fairmont announced the proposed acquisition of the former assets of Granitos de Badajoz S.A. (Grabasa) from a Spanish court appointed receiver. The assets include 23 premium quality dimension stone mine licenses and a 42,000 square metre processing facility for cutting and polishing with an annual production capacity in excess of 250,000 square metres. These mine licenses and processing facility will make Fairmont one of the largest granite producers in Europe.
Today, the TSX Venture announced that effective at the open, Thursday, April 7, 2016, trading in Fairmont Resources Inc. common shares will resume, satisfactory documentation having been received by the TSX Venture Exchange in respect of an acceptance of offer by Fairmont to acquire the former assets of Granitos de Badajoz S.A. from a Spanish court-appointed receiver dated March 10, 2016.
For further information, please see the news release dated March 21, 2016, which is available under Fairmont's profile on SEDAR.
Fairmont has updated its website with a new corporate presentation, and several new gallaries of pictures from the Grabasa acquisition. These pictures include the large processing facility, inventory on hand which can be sold, quarries, machinery, and finished quartz projects.
New powerpoint presentation: www.fairmontresources.ca/pdf/corporate-presentation.pdf
New project updates: www.fairmontresources.ca/projects.php
Grabasa product information: www.fairmontresources.ca/pdf/GRABASA.pdf
New gallery photos: www.fairmontresources.ca/gallery.php
We invite our investors to look at this new information to complete further due diligence on Fairmont and its exciting new project. The company is receiving significant interest from North America and Spain surrounding the acquisition and we expect to receive significant new interest in the markets once trading resumes.
Disclaimer: This article is for informational purposes only. The information contained within this article should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The company profiled assumes no liability for the information presented. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) owns directly or indirectly 127,000 shares of Fairmont Resources Inc. QIS Capital may have a financial relationship with these companies and may trade in the stocks mentioned. No stock exchange has approved or disapproved of the information contained herein. Copyright © 2003 - 2016 QIS Capital Corporation.