The Eagle Plains History of Value
Eagle Plains primary goal is to create value for our shareholders throught discovery of mineral deposits. This goal is balanced with the strategy of minimizing financial risk and maximizing corporate sustainability. The result is worthy of bringing to your attention as a shareholder or potential shareholder:
- June 2006 Eagle Plains spins-off it's most developed asset, Copper Canyon, into Copper Canyon Resources (CPY) on a one-for-one share basis to existing shareholders. Only weeks prior to this spin-off Eagle Plains was trading at about 70 cents, after the spin-off Eagle Plains contiinued trading at about 70 cents while CPY began trading at $1.02. A very nice value had been created for the shareholders.
- In May 2011, the Copper Canyon Resources shares were bought by NovaGold Resources on a 13.6 CPY to 1 NG share ratio and CPY shareholders also received a new share, Omineca Mining and Metals (OMM) on a one-for-four basis.
- In December 2011, Eagle Plains spins-off it's most developed asset, the Yellowjacket Project into Yellowjacket Resources (YJK) on a one for three share basis to existing shareholders.
Below is a graph representing the value of your Eagle Plains share since March 2005
To recap, one Eagle Plains share purchased prior to June 2006 has created:
|- 1 CPY share which converted to:
||- 0.0735 NG shares and
||- 1/4 OMM shares
and your original 1 EPL share remains.
The corporate business model of spinning-off discoveries and developed projects remains. We are optimistic about continuing this track record of creating value for our shareholders over the long term.
More corporate information on Eagle Plains Resources»