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3:04 pm
April 4, 2011
MOSCOW, RUSSIA–(Marketwire – Nov. 9, 2011) - Sergey Yanchukov ("Yanchukov"), 7 Sholokhova Street, Moscow, Russia, 119634, announces that he has acquired (the "Acquisition"), through two companies wholly-owned by him, beneficial ownership of and/or control or direction over an aggregate of 6,895,000 common shares (the "Acquired Shares") of White Tiger Gold Ltd. ("White Tiger Gold").
Prior to the acquisition of the Acquired Shares, Yanchukov, through two companies wholly-owned by him, beneficially owned and/or exercised control or direction over 25,774,138 White Tiger Gold common shares, representing approximately 8.68% of the issued and outstanding common shares of White Tiger Gold and 3,546,203 common share purchase warrants of White Tiger Gold (each, a "Warrant"). Following the acquisition of the Acquired Shares, Yanchukov beneficially owns and/or exercises control or direction over 32,669,138 common shares of White Tiger Gold. This represents approximately 11.01% of the issued and outstanding common shares of White Tiger Gold (or approximately 12.06% on a partially diluted basis, assuming exercise of the 3,546,203 Warrants).
The Acquisition was completed through the facilities of the Toronto Stock Exchange
and a private transaction outside of any market or other facility.
The value of the Acquired Shares was CDN$4,326,350. 4,935,000 of the Acquired Shares were acquired through the facilities of the Toronto Stock Exchange at a price of CDN$0.69 per share and 1,960,000 of the Acquired Shares were acquired pursuant to a private transaction at a price of CDN$0.47 per share.
The Acquired Shares were acquired for investment purposes. Yanchukov may, in the future, increase or decrease his ownership of securities of White Tiger Gold, directly or indirectly, from time to time depending upon the business and prospects of White Tiger Gold and future market conditions.
An early warning report (the "EWR") will be filed on SEDAR and will be available for review at http://www.sedar.com under White Tiger Gold's profile. A copy of the EWR can be obtained from the contact below.
9:11 pm
April 4, 2011
well that explains who was supporting and buying when our shares changed into WTG shares. I remember there was a week or two of support at .70 cents or there abouts. I guess he was picking up any shares the disgruntled were selling to get out. Has anyone wondered what the grade per ton is going to be? If in the first quarter of 2012 it is going to reach 2000 ton per day, then are we maybe 1500 tpd now? I seem to remember that before they shut down the BD we were around 3.5 gpt , it would not be unreasonable to say that we have been mining the higher grades for awhile now or were they just piled up some where to be run through at a later date. I picked 3.5 gpt because i think that is the grade we had before the finsky squeeze started . Anyway i think and this is just my humble opinion that there is a good chance that this can succeed , finskys friends certainly think so at this moment in time, what do they know that we can't figure out?
9:46 pm
April 4, 2011
I don't think the numbers are quite right. Since the merger closed there have only been two significant buyers of WTG shares on the TSX – RBC with 4.879 million shares and Pope with 1.428 million shares. RBC's average purchase price was $0.785 and Pope's was $0.721. Sergey could not have purchased 4.9 million shares at 69 cents on the TSX and who other than Finskiy would sell him 1.96 million shares at 47 cents.
What is also apparent is that Sergey owned about 64 million CMM shares before the merger and was therefore the recipient of the majority of the 50.5 million shares and warrents that were transferred from Finskiy. Sergey's 64 million shares were more than the entire No vote.
Nevertheless this is another example where Finskiy has shown that he cares about dilution of shareholders. First the $10 million line of credit, then the $15 million in loans from shareholders led by Finskiy and now Sergey adding to his position by buying shares on the open market. WTG could have easily done a PP to Sergey for 5 million shares at 65 cents and 2.5 million warrants at 90 cents and he'd have a lot more shares at a lower cost if Max was looking after his friends at minority shareholders expense. I think this insider buying of shares on the open market has to be considered to be bullish and I think we'll see decent Q3 numbers.
10:55 pm
Carib and Relic….if I may go back to your original question as to our thoughts on continuing this board and the unanimous response in support of keeping the board active. In the short time since then, the updated information and monitoring by members is proving valuable as we now also incorporate the "watchdog" position. To new minority retail shareholders, just this latest opinion of Finskiy avoiding dilution would be comforting.
Recent events had a learning curve that will prove to be invaluable as WTG moves ahead.
Now if only we could convince Finskiy and Major that it would be beneficial to all if they made an effort to rehabilitate their image in the marketplace. They are not above and beyond the eyes of a white knight at any time in the growth process.
3:43 am
April 4, 2011
Carib's figures provide a relevent twist that is certainly not easily detectable to investors who do not take n keep notes. Sergay's insider buying in the open market certainly said something more than just the mere quantity of shares purchased. Believe it is a strong subtle showing that things will be much different going forward and my take is it will be positive.
10:22 am
April 4, 2011
Further to Carib's comments…
I don't see how these could have been obtained on the tsx. There weren't even 2.5million shares traded on Nov 3. Notwithstanding…the ACB for each of the days that the requisite number of shares were traded is not 0.69. So, what gives? I haven't looked at alpha…
Furthermore…the Nov 2 opening is 23,357,538…then shows 4,376,600. Does anyone understand what happened to the 18,980,938 share reduction? Did it go to another company controlled by Yanchukov?
Sorry about the formatting…
Transaction Shares/ Account
Date Insider Name Ownership Type Nature of Transaction Security Price ($) Units Change* Account Balance
Nov 08/11 Yanchukov, Sergey Indirect Ownership Public market buy Common Shares 0.690 1,036,000 13% 9,311,600
Nov 07/11 Yanchukov, Sergey Indirect Ownership Public market buy Common Shares 0.690 550,000 7% 8,275,600
Nov 04/11 Yanchukov, Sergey Indirect Ownership Public market buy Common Shares 0.690 849,000 12% 7,725,600
Nov 03/11 Yanchukov, Sergey Indirect Ownership Public market buy Common Shares 0.690 2,500,000 57% 6,876,600
Nov 02/11 Yanchukov, Sergey Indirect Ownership Opening report Warrants 0.000 0 0% 3,546,203
Nov 02/11 Yanchukov, Sergey Indirect Ownership Opening report Common Shares 0.000 0 0% 4,376,600
Nov 02/11 Yanchukov, Sergey Indirect Ownership Opening report Common Shares 0.000 0 0% 23,357,538
10:33 am
April 4, 2011
Individual information
| Family name | Yanchukov |
| Given names (in full) | Sergey |
| Municipality (city, town, etc.) | Moscow |
| Province, territory or state | |
| Country | Russia |
Issuer information
| Issuer number | 00025178 | ||
| Issuer name | White Tiger Gold Ltd. | ||
| Insider's relationship to issuer |
|
||
| Date the insider became an insider of this issuer | 2011-11-02 | ||
| Opening balance date | |||
| Date the insider ceased being an insider of this issuer | |||
| Registered holders |
|
||
Issuer information
| Issuer number | 00003012 | |
| Issuer name | Zaruma Resources Inc. | |
| Insider's relationship to issuer |
|
|
| Date the insider became an insider of this issuer | 2011-05-20 | |
| Opening balance date | ||
| Date the insider ceased being an insider of this issuer | ||
| Registered holders |
|
12:42 pm
April 4, 2011
OK, so I think Faith Union held 23,357,538 shares. I think they may still hold them.
Faith Union added the 3,546,203 warrants to their position
It is Unique Goals International that has added to their position and now has a balance of 9,311,600.
12:57 pm
April 4, 2011
Question for shareholders (who are good at internet research): who is Sergey Yanchukov (besides being Finsky's pal)?
1:06 pm
April 4, 2011
bigjohn…I can't find him anywhere outside of his activities with CMM and WTG. I'll make some other enquiries…
1:17 pm
April 4, 2011
This is a summary of what we do know…I think?
He is involved through two companies (Faith Union Industries Ltd and Unique Goals International) wrt WTG. Faith Union Industries Ltd is also involved with Red Tiger Mining (Formerly Zaruma).
With regards to WTG:
I think Faith Union held 23,357,538 shares. I think they may still hold them.
Faith Union added the 3,546,203 warrants to their position as at the last NR
Unique Goals International added to their position and now has a balance of 9,311,600.
With regards to RMN:
Faith Union holds 393,220,000 shares and 393,220,000 warrants
1:41 pm
April 4, 2011
Yanchukov became involved with Zaruma somewhere between May 20 2011 and July 15. From the MD&A of Zaruma:
The Company issued 488,649,998 common shares and 488,649,998 warrants permitting the holder to acquire the same number of common shares at a price of C$0.10 for a period of two years for gross proceeds of $25 million. The units of one share and one warrant were priced at C$0.05.
Since the 10 for 1, he will now hold 39,322,000 each of shares and warrants. Red Tiger Mining currently trading at $1.10..so his ACB was $1…he is up 10%. He also has until May 20, 2013 (if he so chooses to buy the same number at $1 per share).
I think there are 65,232,028 common shares since the 10 for 1 consolidation. So, he is a major holder…and I think between he and Finskiy they control most of Red Tiger Mining. With Scola, Major also involved in RMN – I still think there is a plan between White Tiger and Red Tiger for some type of business relationship. Whether they are both subsidiaries of another company, or a merger…I don't know.
2:42 pm
April 4, 2011
Thanks, Doc. It would be interesting to know about his professional background & qualifications, etc. I wonder of he is going to get on the BOD of either companies (or he'll work through his pal, Max). In any event, he must have some spare cash of his own to "throw around".
1:47 pm
April 4, 2011
Except for the little hiccup from Europe looks like we are back on plan. If Finsky kepts up this momentum in the NR department and the share price any one that wants to exit will just have to pick there spot ! As it is now any one that was in before the last months of last year want to depart WTG should have there exit sign flashing about now . I haven't figured out if Finsky is just making good on his promise to invest money to make a midter gold company or raise the share price to use it as currency to use for more takeovers to help in the plan of a midter gold mining company. Either way I do and this is just my humble opinion think it will be good for the short term share price. If the production numbers are good it will be good for the long term share price and me in return. I am trying not to look through rose coloured glasses but I have seen a definit change from negative to positive mood in the company's response to the public and shareholders. I can't see the future so I have to try and make good decisions from what's in front of me today, easy to say harder to do. All JMHO
Paliman
5:27 pm
April 4, 2011
Two days of selling appeared to have met with very strong buying on the third day. Not sure how exactly to read this but it seems to give the impression that some big buy orders are waiting right behind the doors. Risking to being guilty of pumping, my gut feel is that these big buyings may possibly be tied to the anticipation of the up coming Q3 result among other things? Hoping to see some continuous price support this week.
9:49 pm
April 23, 2011
Why do i smell Zaruma stock price heading south all the while wtg heading north. As stated previously sergey had or has been buying wtg on the open market. Is it possible he is also unloading Zaruma all the while using the same currency and loading up on wtg? Is it possible like others have mentioned that a takeover or merger of some sort is around the corner? I smell WTG taking over Zaruma the same way wtg took over CMM. It would be in Finksky's best interest to get Zaruma at a discount not to dilute wtg. Finsky has shown latley that diluting is a second option. This heavy buying is coming in from finsky camp, because like Wingfong stated, there are IMHO some pretty good news ready to get released. Call it a pump or whatever you want but it may just be that the recent high volume that has lasted a week or so has been the turning point of better things to come. A new trend possibly? Whatever it is I'm bucking it and taking it as far as it will ride!
Cheers to all
9:01 am
I have no disillusions here…. and this is the bench mark that I'm using to monitor all this jumping around on the WTG shareprice.
The basis for my focus is that CMM was at $.83 or the equivalent of $2.07 WTG.
When WTG reaches that level, then and only then will I start to smile.
Of course I haven't allowed for the dilution that was forced on us and the Russian assets that were bought into the picture which have not been recognized by the marketplace.
At this writing WTG is at $.96 or the equivalent of $.385 CMM.
Nothing to scream in hell about Mr. Finskiy & Assoc.
Still a pitifull situation.
5:32 pm
April 4, 2011
"..it may be just that the record high volume that has lasted a week or so has been the turning point of better things to come."
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Referring to the weekly chart, It seems there were 3 high volume weeks with improved prices. This week has just started Monday with 2.4million shares n likely to finish as another high volume week. Can one read this as "accumulation" in anticipation of something positive soon? Sure like to see it as the turning point of a price trend going North.
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