Gold Summary for July 5, 2016

2016-07-05 17:31 ET - Market Summary

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Do you do any due diligence on these companies before you post such non sense?

Mr. Michael Thompson reports

KESSELRUN RESOURCES ANNOUNCES LIQUIDITY EVENT OF TAMAKA GOLD CORP. DEBENTURES

Kesselrun Resources Ltd. has provided the following corporate update.

Tamaka Gold Corp. liquidity event

First Mining Finance Corp. has entered into a definitive amalgamation agreement with Tamaka Gold Corp., a privately held mineral exploration company which holds a 100-per-cent interest in the Goldlund gold exploration/development project located in Northwestern Ontario. Pursuant to the agreement, Tamaka will become a wholly owned subsidiary of First Mining and the holders of common shares of Tamaka will receive a total of 92.5 million common shares of First Mining (see First Mining news release dated May 16, 2016).

The transaction will require the approval of at least two-thirds of the votes cast by the shareholders of Tamaka, voting on such resolution at a special meeting expected to take place in late June, 2016. The transaction is also subject to the approval of the TSX Venture Exchange and the satisfaction of other certain closing conditions customary in transactions of this nature.

As of Dec. 31, 2015, Kesselrun holds a total of $2,139,900 in senior unsecured convertible debentures of Tamaka with a 10-per-cent coupon. The debentures are convertible into shares at 50 per cent of the price ascribed to a share at the time of a liquidity event such as an initial public offering, reverse takeover or change of control plus any interest calculated at the day of the closing of the event.

We seek Safe Harbor.