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Mining industry

Delgratia Mining Corporation Enters Nasdaq SmallCap Market

Strategic Insights

— 1 min read

Delgratia Mining Corporation has announced its entry into the Nasdaq SmallCap Market, marking a significant milestone for the company's growth and expansion in the mining industry. With over 7.5 million acres of prospective ground in Nicaragua, the company is actively exploring for gold and base metals. The major development effort is the Coco Mina deposit, which is known to host 13 million tons of proven and probable reserves. This move provides brokers and others with immediate access to the best bid and ask prices and other information about the company's shares throughout the trading day.

Key Takeaways:

  • Delgratia Mining Corporation will begin trading on Nasdaq SmallCap Market on May 1, 1995, under the trading symbol DELGF.
  • The company is actively exploring for gold and base metals in Nicaragua, where it holds over 7.5 million acres of prospective ground.
  • Current holdings in Nicaragua include two former producing mines, La Reina and San Albino, which are being rehabilitated to define further gold ore reserves.
  • The Coco Mina deposit is a major development effort, known to host 13 million tons of proven and probable reserves grading 0.05 ounce per ton gold, 0.77 ounce per ton silver, and 3.4% zinc.
  • Delgratia Mining Corp. also has gold projects in Mexico and Venezuela.
  • The company's entry into Nasdaq SmallCap Market provides increased market visibility and the advantage of multiple market makers competing to offer the best bid and ask price.
  • J. Terry Alexander is the President and C.E.O. of Delgratia Mining Corp.
  • Eric Lavarack is the CFO of Delgratia Mining Corp.

Statistics:

  • Delgratia Mining Corp. holds over 7.5 million acres of prospective ground in Nicaragua.
  • La Reina and San Albino mines are being rehabilitated to define further gold ore reserves.
  • The Coco Mina deposit is known to host 13 million tons of proven and probable reserves.
  • The Coco Mina deposit grades 0.05 ounce per ton gold, 0.77 ounce per ton silver, and 3.4% zinc.
  • The company's entry into Nasdaq SmallCap Market provides access to over 200,000 electronic terminals in brokers' offices throughout the United States and the world.
  • Trading data is distributed widely through wire services for selective dissemination by newspapers, radio, and television stations.

Sources:

  • Business Wire, May 1, 1995.

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