This is in an early uptrend with a prefered buy about .215, the last reaction bounce came in at .19 cents cleared up the asks on level II turning them into bull bait playing the teardrop on level II... Paragon Minerals Corp 32.9 mil shares not accounting for options and warrants... Book value per TD Waterhouse ... .41 cents.
Coffin brothers participated in the finance so they say... I'm accumulating the back fills... hope it is a good thing to do...
Some insider buying recently just under .20 cents by a director for $25,000 sounds like a good buy to me ...
No shorts... zip nada nothing as of Dec 15th... here's a link to an ADX trader study...
Paragon
The chart looks like it is particularly strong... Backfill should be accumulated..... then with momo, we should break .30 cents in the new year...
Updated '.. Stockcharts Public List
Recently financed: Paragon Minerals Closes $3.0 Million Non-Brokered Private Placement December 3, 2010
Paragon Minerals Corporation (PGR:TSX-V) (the “Company”) is pleased to announce the closing today of a non-brokered private placement of 7,914,500 non-flow-through units (“NFT Unit”) at a purchase price of $0.14 per NFT Unit for gross proceeds of $1,108,030 and 11,449,240 flow-through shares (“FT Share”) at a purchase price of $0.17 per FT Share for gross proceeds of $1,946,370.
Each NFT Unit consists of one common share of the Company and one common share purchase warrant with a term of 24 months from the date of closing. Each warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.20 per common share.
The net proceeds from the financing will be used for exploration expenses on the Company's gold and base metal properties including the South Tally Pond VMS project, the Gold Star and JBP Linear gold projects, and as general working capital. The gross proceeds from the flow-through shares will be incurred as Canadian exploration expenses, as defined in the Income Tax Act of Canada, and renounced to the subscribers with an effective date of December 31, 2010. This private placement is subject to final acceptance for filing by the TSX Venture Exchange and all securities are subject to a hold period of four months from the closing date of the private placement.
In connection with the private placement, the Company paid Finders’ Fees totalling $162,094.79 and issued a total of 1,003,553 Finders’ Warrants to Citadel Securities Inc, MGI Securities Inc, Versant Partners Inc, and Haywood Securities Inc. (the “Finders”). Each Finder’s Warrant is exercisable for one common share at a price of $0.20 for a two-year period. The Finders’ Fees and Finders’ Warrants represents a 7% Finders Fee on the subscriptions attributable to the Finders.
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Paragon Minerals Corporation is a Canadian-based mineral exploration company focused on gold and base-metal exploration in Newfoundland and Ontario. The Company’s flagship base metal project is the 100%-owned South Tally Pond VMS project where it has made a significant precious metal-rich massive sulphide discovery in a producing base metal mining district in central Newfoundland. The Company is also exploring an exceptional portfolio of gold properties through company-funded and partner-funded exploration programs. For more information on the Company and its properties, please visit the company website at www.paragonminerals.com
PARAGON MINERALS CORPORATION
”Michael J. Vande Guchte”
President & CEO
GLTA Lostoutwest
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