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Peter Gummer (geologist), provided information on how Junior Mining companies raise funds:

Peter has been in the mining industry for over 30 years, starting as a geologist moving on to be a promoter for a number of juniors, Claude Resources SK and First Narrows Resources NB. In heading up a junior funding is necessary and the best way to get funding is with OPM (Other People’s Money. This is achieved by a company qualifying to be listed on the Junior exchange and raising money through selling shares. Raising money through shares on the stock markets is very difficult in the mining industry in general is in a down cycle, with both majors and juniors having challenges raising funds. Peter is optimistic for a turnaround in the future, with well-funded and managed companies weathering the storm and doing well …further down the road

Shown in photo with Terry Lenihan – Chairperson