logo
  Join        Login             Stock Quote

Darwin Resources lists on TSX Venture exchange

Wednesday, May 2, 2012 8:30 AM


VANCOUVER, May 2, 2012 /CNW/ - Darwin Resources Corp ("Darwin" or "The Company") TSXV - DAR.  Dr. Graham Carman, President & CEO, is pleased to announce that the Company has completed its spin-out from Mawson Resources Ltd (TSX:MAW) pursuant to a Plan of Arrangement and is now listed on the TSX Venture exchange under the trading symbol TSXV:DAR.

Key facts:

  • Darwin has a strong technical team holding many years of Peru exploration experience with a track record of discovery.  The corporate team has a long term successful history in the Canadian capital markets;
  • The Company is well-funded with C$4M in cash reserves and has sufficient working capital to carry out its planned exploration programs in 2012, and to initiate drilling at its key projects;
  • Darwin is well supported by several institutions including The Sentient Group ("Sentient"), an independent private equity fund with over US$2.5 billion under management in the global natural resources space and a long term and successful history of investing in Latin America.  Sentient is the Company's largest shareholder and will hold 24.1% of Darwin on an undiluted basis.  Pinetree Capital will hold an 11.7% stake on an undiluted basis;
  • Darwin aims to drill the Alto Quemado copper and gold project within the next quarter (subject to the final permission process which is well advanced);
  • To date Darwin holds five other gold and copper prospects with known mineralization which the Company is currently evaluating;
  • Darwin owns more than 30 titles granted or under application, and an aggressive project acquisition strategy is active;
  • The Company has a strong exploration database in Peru, enabling a rapid evaluation of new opportunities.

Dr Graham Carman, states: "It is a great pleasure to be returning to Peru and heading up Darwin, a Peruvian gold and copper explorer.  Peru is world famous for its large and diversified mineral systems and already dominates the global mining industry in many commodities.  It is particularly pleasing to reassemble a geological team in Peru whom I have shared considerable exploration successes over the last 20 years.  The strength and experience of our team augurs well for the future of Darwin.  The Company also has a high quality board representing our major shareholder interests, and Darwin is fortunate to have a strong treasury and support from several institutional shareholders including The Sentient Group with 24% ownership of the Company.


Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.