Velocity Minerals Ltd
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Materials : Metals & Mining | Small Cap Growth
Based in Canada
Company profile

Velocity Minerals Ltd. is a Canada-based mineral exploration company. The Company is engaged in the business of acquiring, exploring, and evaluating mineral resource properties in Bulgaria. The Company has a 70% interest in the Tintyava property, which includes the Rozino gold project; a 70% interest in the Momchil property, which includes the Obichnik gold project, and a 100% interest in the Iglika property. The Company also has an option agreement to earn a 70% interest in the Makedontsi gold project. The Rozino project lies within the municipality of Ivaylovgrad in southeast Bulgaria, approximately 350 kilometers (km) by road east-southeast of the capital, Sofia, and 85 km by road from Gorubso's gold processing plant. The Obichnik project is located in southeast Bulgaria, approximately 25 km by road from Gorubso's gold processing plant. The Makedontsi deposit is located in southeast Bulgaria, approximately 10km by road from Gorubso Kardzhali A.D.’s gold processing plant.

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Digital World Acuisition Corp., tied to Donald Trump, falls 5% as publicly traded entity says it is facing a regulatory probe

10:43 am ET December 6, 2021 (MarketWatch)

Digital World Acquisition (DWAC)---more informally known as the special-purpose acquisition corp. tied to former president Donald Trump---said in a public filing on Monday that the Financial Industry Regulatory Authority and the Securities and Exchange Commission had requested information from it about its trading and communications with Trump entities before the announcement of a prospective SPAC deal two months ago. So-called DWAC, referring to its ticker symbol, "has received certain preliminary, fact-finding inquiries from regulatory authorities, with which it is cooperating," the entity wrote in a public filing. Shares of the SPAC, which plans to merge with ex-president Trump's new social media business, surged more than 90% on Oct. 22 on reports of its plans, after rising more than fourfold on the Thursday before. Shares of DWAC hit a peak at $175 in late-October on heavy volume but has since tumbled 76% from that peak, FactSet data show. DWAC's plan had been to merge with Trump's start-up Trump Media & Technology Group. So-called SPACs, also known as blank-check companies, raise money from investors to take private businesses public and have been a buzzy investment vehicle over the past two years at least.

-Mark Decambre


(END) Dow Jones Newswires

December 06, 2021 10:43 ET (15:43 GMT)

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