Edison Investment Research - True North Gems Inc. (TGX.) QuickView: Financed, in construction due to start 2015

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Edison Investment Research

QuickView: Financed, in construction & due to start 2015

Taking the market by surprise is surely the continued turnaround in fortunes for True North Gems (TGX). Mine construction is now underway, which follows completion of its project financing, announced on 11 September 2014, and the approval of its mine permit on 3 March 2014. Construction and first cash flows are anticipated during 2015.

30/09/2014 2 EN

Underlying

True North Gems Inc.

True North Gems is engaged in exploration and development of coloured gemstone deposits in Greenland and Canada.

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CA89784R1055 TSX Venture Exchange Canada

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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True Northâ€™s binding agreement with major Asian gemstone polisher Chinastone, details a three-year commitment for the latter to purchase US$7m (C$9.9m) of Aappaluttoq stones per year for an initial three-year term. Stones will be sold at market prices, paid for solely in cash. This is a major step forwards for the company, and brings on-board a major player in the gemstone market. True North intends to develop this partnership to engage further buyers for its highly marketable and conflict-free pink sapphires and rubies. Consistency of supply is a unique selling point for the company and is ...

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QuickView: Financed, in construction & due to start 2015

Ford Equity International Rating and Forecast Report

Update: Major industry player signs three-year off-take

Update: Breaking ground in Greenland

On the Beach Group - Feeling festive

Pan African Resources - An accounting storm in a legal teacup

Cereno Scientific - All eyes on Q3 readout after Q1 update

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