North Springs Resources Corp. (OTCBB: NSRS) is absolutely killing it to end 2011! Penny Stock traders are already up more than 400% since our initial alert at .07 cents. It is now trading at .3789 cents on volume yesterday of over 33 million. Lithium Exploration Group, Inc. (LEXG.OB), which is also in the mining industry, managed to go up to over $10 a few months ago. It is worth noting that LEXG started out at the ‘penny’ levels similar to NSRS.
We are seeing a very similar chart to LEXG on NSRS right now. See Below:
Will NSRS be able to break the $1 plus range in January? With NSRS recent news release it would seem so. One thing for sure is if NSRS does, we will be able to call it is our best pick of 2011. Much better than Amwest Imaging, Inc. (OTCBB: AMWI) whch soared from .17 to 1.38 in less than 3 weeks!
NSRS yesterday announced the cancellation of 80,000,000 common shares of the Company’s stock with the intent of improving the overall capital structure of the Company and to increase shareholder value. The cancelled shares may be re-issued by the Company at a later date to acquire additional mineral properties, fund operations, or for other corporate purposes. NSRS also recently announced that it is negotiating terms for an Arizona property.
NSRS has access to $1 million in financing and has only used $130,000 of it for expanding its operations. This is a great indicator that the company has access to a substantial amount of capital and is using it to further the growth. Additionally, NSRS announced that it has proposed a $500,000 work project in Nevada that will focus on testing a very promising property.
Make sure you tell your friends and family about NSRS and talk about it on twitter, facebook, google+ and other social platforms! Spread the word. You don’t want people to miss out on it as it might be too late very soon.
About North Springs Resources Corp.
North Springs Resources Corp. is focused on the evaluation, acquisition, exploration, and development of mineral resource properties. Currently, we are in the evaluation and acquisition phase of operations. The Company is led by a skilled and experienced management team and independent consulting geologists with many years of experience. North Springs is committed to creating value for its shareholders by advancing its current holdings and by acquiring new properties with significant potential.
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