BIT (Black Isle Resources)

BIT, Black Isle Resources, trading in Canada, has been slowly accumulated and is now trading at levels not seen since early 2012.

Here's its chart:

Per its filing in late August of this year, the Company has a small float:

"16,181,825 common shares outstanding.
  
No stock options outstanding.

No share purchase warrants outstanding ."

Also, a new CEO and Chariman were appointed mid-July.

We've no way of directly linking to that news, so it's posted below.  These gentlemen seem the type to get things done.

Regular readers of this blog will understand why we find all of this compelling and worthy of mention.

Disclosure:  We own shares at an average price of $0.03 accumulated randomly over the past few years, only because doing so in apparently-left-for-dead penny stocks with low floats sometimes pays off.  If you know of any, please let us know. 

Caveat:  A share consolidation wouldn't be out of the oridinary before something material occurs with this company, if anything ever does.  Such a position is only for those who have experience in penny stock speculations and may be willing to hold for a very long time and perhaps take a loss after doing so.

.

"NEWS RELEASE

July 16, 2018 - Vancouver, British Columbia

Black Isle Resources Corporation (the “Company”) (BIT.TSX-V) is pleased to announce the appointment of Mr. Troy Grant to the Company’s Board of Directors and Mr. Eugene Beukman as Chief Executive Officer. 

Mr. Troy Grant has held senior positions in the financial service sector for over 18 years.  He has spent most of his career in the brokerage field and has also been instrumental in venture formation, financing and the development of a number of resource, technology and agriculture companies operating globally. Previously, he held the position of head of corporate finance and head of institutional European sales at Citadel Securities where he focused primarily on the resource sector.  

Currently, Mr. Grant is a director of Auxly Cannabis Group, Inc. and he is also the founder and CEO of Elcora Advanced Materials, a TSX-V-listed graphene materials company, which he took public in June 2011.  Mr. Grant is a graduate of St. Francis Xavier University with a Bachelor of Business and economics. 

Currently a Director and Corporate Secretary of the Company, Eugene Beukman is also the Corporate Counsel of the Pender Group of Companies, a position he has held since January 1994. He graduated from the Rand University of Johannesburg, South Africa with a Bachelor of Law degree and a Bachelor of Law Honors Postgraduate degree in 1987. After practicing as a lawyer, Mr. Beukman was employed as a legal advisor to the BHP Billiton group companies, a leading global resources company, and a producer of major commodities, including iron ore, metallurgical coal, copper and uranium, with substantial interests in conventional and unconventional oil and gas and energy coal.  He also has over thirty years' experience in the acquisition of assets and joint ventures, and serves as CEO and Director on a number of TSX Venture Exchange and CSE listed companies.
 
The appointmenta follow the resignation of Mr. Donald MacDonald as director and CEO.  The Company would like to thank Mr. MacDonald for his service and wishes him well with his future endeavors.

On behalf of the Board of Directors of Black Isle Resources Corporation.

Eugene Beukman,
Director"



PLEASE READ DISCLAIMER AT BOTTOM OF PAGE