You author receives this in his mailbox today from A. Reader:
This 6 cent company has a Market Cap of $1.8m. It has pissed away $46m on a dogshit anomaly in the Yukon that will never ever be a mine and now hire this group for $4,000 per month after raising $700k at 5.5c in February. Why would they do that?
NORTHERN FREEGOLD RETAINS RENMARK FINANCIAL COMMUNICATIONS INC.
Northern Freegold Resources Ltd. has retained the services of Renmark Financial Communications Inc. to handle its investor relations activities.
“We are pleased to announce that we have selected Renmark to reinforce Northern Freegold’s profile in the financial community and enhance the visibility of our project portfolio. We chose Renmark because its standards and methodologies fit best with the message we wish to communicate to the investing public,” noted John Anderson, chairman of Northern Freegold Resources.
In consideration of the services to be provided, the company has agreed to pay a monthly retainer of $4,000 starting May 1, 2015, to Renmark Financial Communications.
Indeed, here’s the NR (let’s link to the company page to make sure they know their scumball scam ways are being highlighted) and here’s the link to the NR about the financing close, which is datestamped Feb 2nd. As that’s 88 days in the past, it means there’s a mere 32 days to go before the takers of that placement can stampede for the door and clip those (full) warrants to kingdom come.
Plenty of the placement went to Switzerland, by the way. Norway too. Bless em.