Redzone Resources, Opening position

I have just completed purchasing my opening position in Redzone Resources, REZ on the CNQ, soon to be listing on the TSX.  Michael Murphy the man that took Gleichen from a shell to a multi million ounce near producer is President of REZ.  They have just completed a placement which was over subsribed, for a total of 4.3 million dollars.  The share structure is tightly held and so far it is thinly traded.  I suspect that upon its listing on the TSX it will find more volume and its price will be much higher by mid year.  There are a lot of Gleichen profits looking for a place to go.  My money is following Mr. Murphy and his team from Quest including Richard Graham, Donn Burchil and from Iconic Peter Miller and Sandra Lee.  These people put together a very nice deal for Gliechen shareholders and I am betting on another homerun!

From the REZ website

RedZone Resources Ltd. is a growth oriented Canadian mining company dedicated to the exploration and development of precious metal resources with a focus on gold. RedZone is listed on the Canadian National Stock Exchange (CNSX) under the symbol “REZ”. RedZone is based in Vancouver, British Columbia and aims to create shareholder value through the acquisition, exploration, and development of profitable mineral properties, in a manner that is consistent with best practice in environmental stewardship, safety and stakeholder engagement. RedZone currently has a joint venture with Teck Resources, a leading Canadian mining company to explore the highly prospective Las Palmas property in Mexico and continues to look for world class copper and gold projects.

latest aquisition

Redzone to earn 75% interest in copper properties

2010-02-12 08:57 ET – News Release

Mr. Michael Murphy reports

REDZONE RESOURCES LTD. OPTIONS LARA COPPER DEPOSIT IN PERU, ANNOUNCES $4 MILLION DOLLAR FINANCING AND ANNOUNCES PLANS TO APPLY FOR GRADUATION TO THE TORONTO STOCK EXCHANGE

Redzone Resources Ltd. has acquired the right to earn up to 75-per-cent interest in two copper properties, one of which hosts the Lara deposit located in the Southern Peruvian coastal belt.

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:REZ-1688202&symbol=REZ&news_region=C

Michael Murphy MBA, MSc.
President / CEO
Mr. Murphy has spent several years working in the finance industry. Prior to returning to Vancouver he spent 15 years in London with Merrill Lynch and Credit Suisse.

Prior to joining Redzone Resources, Mr. Murphy was President and Chief Executive Officer of Gleichen Resources (GRL-V). Gleichen acquired and financed the Morelos Gold Property from Teck Resources a leading Canadian mining company. He has since resigned to allow experienced mining executives to run the company, however he remains on the Gleichen board.

Neil Halldorson
Director
Mr. Halldorson has over thirty years of diverse business experience and is currently an independent corporate finance consultant. Prior to December 2007, he was President, CEO and Director of Skana Capital Corporation which at that time was recognized by the TSX Venture Exchange as a member of the “2007 Venture 50” for being one of the top 10 companies in the Diversified Industry sector. Before joining Skana, he was a VP Corporate Finance for a national securities firm after having worked in corporate finance with various merchant banking operations. Mr. Halldorson has a BA (Honours) in economics and an MBA from UBC.
Richard Graham, P. Geol.
Director
Mr. Graham is a professional geologist registered in Alberta with over 16 years of mineral exploration experience in Canada and overseas. Mr. Graham is currently manager of Corporate Development for Quest Management Corp.
Alan F. Matthews
Director
Mr. Matthews is a Mining Engineer and a Chartered Engineer (C. Eng.) with over 30 years mining and exploration experience in the minerals industry, specializing in gold, copper and industrial minerals. Mr. Matthews started his career in South Africa with Anglo American Corporation and for the first 10 years of his career was closely involved with producing mines in various countries. Since then he has been involved with the start-up and commissioning of mines in Scotland (Aberdeen Barytes), Papua New Guinea (Ok Tedi) and the United States (various SX-EW copper operations). He is founder, President, and director of Kernow Resources and Developments Ltd., and a director of Arapahoe Capital Corporation and Redzone Resources, Ltd. (all Canadian junior exploration companies).
Donn Burchill
Director
Mr. Burchill received his Bachelor of Arts from the University of Victoria and his Certified Management Accountant Designation from the CMA of British Columbia. He has worked as the Controller for Quest Capital Corp. from 1994 until 1997 and is currently a self-employed accountant. Mr. Burchill is a director for several other public companies.


March 26th, 2010
Categories: General . Author: admin

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