Dhanoa Minerals Ltd. (DHNA.PK) is a natural resource exploration company in Canada. The Company acquires, explores, and develops natural resource producing properties. Dhanoa Minerals is a gold producing exploration company with an objective to maximize shareholder value through the takeover of gold producing mines with high exploration potential.
Dhanoa owns 100% interest in two adjacent mineral projects located in Canada: Close-Allies I and Close Allies II. The Company also holds 80% interest in a mining company located in Ecuador. As part of the Bonanza Project, Dhanoa acquired four properties in the Bella Rica gold mine in Ecuador. The gold mines from the Bella Rica region in Southwest Ecuador dispose of gold resources from approximately 850,000 ounces.
Through modernized process and well planned exploration, Dhanoa is in promising position to increase ore processing and gold production in the near future.
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Dhanoa Minerals Ltd. (DHNA.OB) reports that it plans to engage a financial institution for a secondary offering and a listing on the Toronto Stock Exchange.
The Toronto Stock Exchange is the world’s premiere exchange for the mining industry. Some 60% of the world’s mining companies are listed on the Toronto Stock Exchange. In 2006, over $11 billion was raised for exploration by Toronto Stock Exchange listed companies.
“A secondary offering on the Toronto Stock Exchange will dramatically increase our visibility within the investment community and the mining industry as a whole,” said Mr. Lee Andrew Balak, President of Dhanoa Minerals. “There is no better place for our company to address the public markets than on the Toronto Stock Exchange.”
Dhanoa Minerals Ltd. has been rated “Outperform” by Beacon Equity Research.
Dhanoa is a production stage company formed for the purpose of acquiring, exploring, and developing natural resource properties. Activities during the production and exploration stage include further development of the Company’s business plan and raising capital. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio.
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Dhanoa Minerals Ltd. is anticipated to to benefit from rising gold demand.
The Company owns a 100% interest in two adjacent mineral projects in Canada – Close-Allies I and Close Allies II. In addition, Dhanoa holds an 80% interest in an Ecuador mining company, Promenasa.
The Company also recently acquired four properties that are part of the Bonanza Project in the Bellarica gold mining camp in Ecuador. These are gold producing mines and Dhanoa plans to significantly increase production by upgrading extraction operations.”
“Dhanoa anticipates production at the end of its first year (ending June 2008) to be approximately 100,000 ounces of gold. At recent gold prices, the value of 2008 production would result in approximately $68 million.”
Demand for Gold rose from 3,188 tons in 2003, peaked at 3,728.7 tons in 2005, and has since declined modestly in response to higher gold prices. The outlook is for continued demand growth, fueled by world economic growth, rising demand for gold from China and India.
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