The new BTR (btr/mto) puzzle piece

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Neighbour OSK continues successful hg infill drilling on its properties.

Updated resource estimate for OSK in the spring.

The new BTR is accelerating on multiple fronts.

Voting by btr shareholders on larder lake property spinout into SpinCo with $7 million

on sept 18th.

Voting by mto shareholders on LOI with btr

on sept 18th.

closure of the LOI in October.

Updated resource estimate by BTR on gladiator

before or around 2nd week of November.

Will be significant milestone.

MTO will also be coming out with an updated resource estimate.

Barry 50000t underground bulk sample (mto) to be completed before the end of the year.

Consolidation of the urban barry windfall gold district is inevitable.

BTR/MTO LOI merger was another step in that direction.

Maximize your investment in your future wealth now.  Mto has for months, showed little volume in trading.

BTR is your ticket now if not already taken through MTO…

good luck…

enjoy the trip.

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  • Edit

    Those shareholders already in through mto will be greeted with a 1.6 new btr shares/1 mto share upon completion of the LOI in October...

    And btr shareholders will have the added benefit of 1:1 btr:SpinCo shares...

    Moreover both sides have the value of the other side of the equation...MILL plus MEGA GOLD OUNCES...

    That is MILLIONS of OUNCES of GOLD with an expandable MILL in the hottest emerging urban barry windfall district....adjacent to OSK with more millions of ounces of gold...

    And share prices at a low...allowing for maximum capture of share price rewards...

    It is our future WEALTH...

  • Edit

    As I previously wrote, if KL for example had gobbled up mto or even btr or btr/mto together, at a low level, then it would have been more difficult to gain relative value.

    This is because KL is trading in the $28 range and has already seen 4-500% gains in share price.

    And you do realize KL owns significant shares of both btr and mto.

    Both BTR and MTO are higly UNDERVALUED...

    Soon to be ONE entity...

    So putting things in context then things are coming together well for us.

    there is a space for huge Upside in share price...once the updated resource estimate is laid out for both btr and mto...

    So either the new btr  (btr/mto) is taken out (by someone larger or an existing interested or invested  party ) with a deal showing new added value

    or

    the new btr continues in its rapid growth and mill expansion with its multiple millions of ounces...

    it is a Win Win either way.

    Load UP...

  • Edit

    So understand the value of the new btr (btr/mto) with their updated resources on both sides which become ONE.

    And the mill soon to be upgraded.

    and the Moroy feed.

    and the Barry 50000 t underground bulk sample...

    and knowing there is millions of ounces just beside (OSK) without a mill...4 years to build infrastructure...

    GLADIATOR (BTR)  plus BACHELOR plus MILL plus MOROY plus  BARRY....

    a large vital  part of the emerging urban barry windfall gold district...

  • Edit

    Many mid-tier gold producers are near their 52 week lows or within 20% of that range.

    So if of of those were among that list and gobbled up the new btr combo, then we could look to further gains under the new brand.

    Look forward to seeing opinions on this and other new btr (btr/mto) matters...

    Would be nice to see more input from others on this bb...We are all here to contribute to our success...

     

    and if not, the new btr could grow into a mid tier gold producer....

  • Edit

    October

    shareholder voting September 18th.

    mto shareholders vote on LOI

    btr shareholders vote on SpinCo larder lake property spinout...

    just remain 'cool as a cucumber'

    everything progressing positive in nature.

    news will be when expected and when not expected...

    and between now and Christmas...lots coming...

    ho ho ho...

  • Edit

    at the current indicated terms of OSK acquiring BFD,  beaufield shareholders must certainly feel like they have been shafted.  Especially those in at 12- 15 cent/share  levels...

  • Edit

    remember BTR made the definitive agreement with BFD last month on the duke claims which include extensions to the gladiator deposit.  That was great timing... Now BTR  option wll be with OSK once osisko mining takes all of BFD shares and the acquisition is completed after shareholder voting.

    As explained months previously, OSK held BFD fate in its hands.

    now dealing the final blow at low share price.

    BFD shareholders are devastated,..

  • Edit

    I am shocked BFD would do this to its shareholders. I have no idea why it would roll over like this and die. Great cash position, good prospects. Worth AT LEAST .20 a share. I don't like how this area is getting consolidated on the cheap...

  • Edit

    Agreed on BFD being worth more / share, unfortunately, I had laid out this outcome for BFD shareholders months back.  OSK has been  in that position to do this with its large position of BFD shares, preparing to do this at their most advantageous moment.

    Certainly very sad to see for existing shareholders.

    Let us hope that those who hold other pieces of the pie, MTO and existing BTR shareholders, (which will become the new BTR  (less SpinCo for MTO shareholders and including SpinCo for present BTR shareholders)) a more fair value is given to shareholders in the future further consolidation of the urban barry windfall gold district...

  • Edit

    For the BFD shareholders who are getting the short end of the stick...they still have something.

    OSK is also highly undervalued and the OSK shares which are given in payment to BFD shareholders hold great value in the next 3 years....

    Atleast in that perspective, there is a payout in the end.

    Just have to hold on to the OSK shares.

    OSK should have an updated resource estimate in the spring, with more indicated resource, transferred from the inferred category...

  • Edit

    Nice day for BTR trading before the long weekend.  Great volume...nice Rise in Share Price....

    Much more of this to come...

    So much news by Christmas....

    Remember both BTR and MTO shareholders to vote for sept 18th...

    ...online is easy if not in the vicinity...

  • Edit

    Osisko Mining released great drilling results at depth today.  This news from our neighbour is very encouraging...

    Osisko President and CEO John Burzynski commented:  “Today’s follow-up results from the new wedge hole in the Triple 8 discovery are a great confirmation that there is significant high-grade gold at depth in the Windfall intrusive system.  What we find very exciting is that the Triple 8 alteration zone now extends over 85 metres wide, on a scale we haven’t seen before at Windfall, indicating that we may be approaching a main source of the mineralizing system.  We are confident that as we progress with drilling the deeper sections of the Windfall deposit we will continue to have discovery success.”

  • Edit

    BTR making a nice run in share price since august 30th...

    The next run up with the mountain of news ready to be revealed  about their mountain of gold.

    And Mill...

    Next stop $1 ...then extended trip...

    last chance ticket to ride...

    remember to vote today...

  • Edit

    KL just bought another chunk of OSK shares...

    TORONTO, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) today announced that it has acquired 14,705,882 common shares (“Shares”) of Osisko Mining Inc. (TSX:OSK) (“Osisko” or the “Issuer”) by way of private placement financing at a price of CAD$1.70 per Share for a total cash payment of approximately CAD$25 million (the “Investment”).
    Prior to the Investment, Kirkland Lake Gold held 17,921,750 Shares, representing approximately 8.58% of the outstanding Shares on a non-diluted basis. As of the date hereof, after giving effect to Investment, the Company beneficially owns 32,627,632 Shares, representing approximately 13.61% of the currently issued and outstanding Shares on a non-diluted basis. All of the securities issued in the private placement financing are subject to a statutory hold period expiring on January 19, 2019.
    Tony Makuch, President and CEO of Kirkland Lake Gold, commented: “Our strategic investment in Osisko increases our ownership interest in the Urban Barry area of northwestern Quebec, which we believe has become a new, highly-prospective mining camp in the prolific Abitibi-Greenstone belt. The investment is complementary to our existing interests in Metanor Resources Inc. and Bonterra Resources Inc., both of which have high-potential exploration holdings in the same area. In addition, through the investment in Osisko, we gain exposure to attractive, early-stage exploration properties in close proximity to our Holt and Taylor mines, providing additional value potential around our existing asset base in Ontario.”

     

  • Edit

    BTR and MTO votes went well as expected...

    "Completion of both arrangements is expected to occur on September 24, 2018. The Bonterra Arrangement will be completed first, followed immediately by the Metanor Arrangement.  Under the Bonterra Arrangement, Bonterra shareholders of record at the close of business on Friday, September 21, 2018, will receive one common share of Gatling for every seven common shares of Bonterra held."

  • Edit

    https://www.juniorminingnetwork.com/junior-miner-news/press-releases/494-tsx-venture/mto/52521-bonterra-and-metanor-both-receive-securityholder-approval-of-their-respective-plans-of-arrangement-1.html?utm_source=newsletter_418&utm_medium=email&utm_campaign=junior-mining-news-for-september-21-2018

  • Edit

    from BTR early warning sedar report...

    2.2 State the date of the transaction or other occurrence that triggered the requirement to file this report and briefly describe the transaction or other occurrence.

    On September 24, 2018, the Corporation and Metanor Resources Inc. (“Metanor”) completed a plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act. Pursuant to the Arrangement, among other things, each existing common share of Metanor (“Metanor Share”) was exchanged for 1.6039 Shares. In addition, in connection with the Arrangement, the common share purchase warrants of Metanor (“Warrants”) were adjusted in accordance with their terms in order to entitle the holder thereof to acquire such number of Shares, at an exercise price as is accordingly adjusted pursuant to the terms of such Warrant, that such holder would have been entitled to receive had the holder exercised the Warrant prior to the effective time of the Arrangement. Accordingly, each Warrant now entitles the holder thereof to acquire 1.6039 Shares upon the exercise of each Warrant.

    Prior to the completion of the Arrangement, Kirkland Lake Gold held: (i) 17,857,000 Bonterra Shares, representing 7.63% of Boneterra on a non-diluted basis; and (ii) 12,272,143 Metanor Share and 6,136,072 Warrants, representing 12.05% of Metanor on an non-diluted basis and 17.16% of Metanor on a partially diluted basis, assuming the exercise of the Warrants.
    2

    LEGAL*46652833.2

    2.3 State the names of any joint actors.

    None.

    Item 3 –Interest in Securities of the Reporting Issuer

    3.1 State the designation and number or principal amount of securities acquired or disposed of that triggered the requirement to file the report and the change in the acquiror’s securityholding percentage in the class of securities.

    Pursuant to the Arrangement, in exchange for its Metanor Shares, Kirkland Lake Gold acquired 19,683,290 Shares, representing approximately 4.95% of the outstanding Shares on a non-diluted basis, and including the 6,316,072 Warrants that are now exercisable to acquire 9,841,646 Shares, representing approximately 7.24% of the outstanding Shares on a partially diluted basis, assuming the exercise of the Warrants by Kirkland Lake Gold.

    Prior to the completion of the Arrangement, Kirkland Lake Gold held 17,857,000 Shares, representing 7.63% of the outstanding Shares on a non-diluted basis. Following Completion of the Arrangement, Kirkland Lake Gold owns or controls 37,540,290 Shares, representing approximately 9.44% of the outstanding Shares on a non-diluted basis, and including the 6,136,072 Warrants held by Kirkland Lake Gold exercisable to acquire 9,841,646 Shares, representing approximately 11.63% of the outstanding Shares on a partially diluted basis, assuming the exercise of the Warrants by Kirkland Lake Gold.

  • Edit

    Window for buying BTR shares under 40 cents is soon closing.

    Buy at these rates while you can.

    Gladiator updated resource estimate is almost on our doorstep.

    Barry update will be provided.

    The urban barry windfall gold district will be the story of 2019.

     

  • Edit

    Another strong trading day for BTR with heavy volume of 1 million shares.

    Trading between 38 and 40.5 cents.

    Gladiator updated resource estimates on the short term horizon...

  • Edit

    BTR will quickly move through the 50 cent mark as the updated resource estimate at Gladiator will ring its bell and send waves through the market...

    anyone notice the buy today just before close?

    happy thanksgiving weekend....