http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks…
"
Short Q and A 10-Feb-12 06:23 pm
I sent a couple of quick questions to lex info and this is the
response. I am unaware of any active boards for this stock so any
knowledge of one would be helpful.
Q:
In regards to the News release on Jan. 4, 2012. "Mr. Meredith will
continue as a director of the Company until the next annual meeting
of shareholders."
I was wondering when the next annual meeting of shareholders will
be?
A:
Historically shareholders meetings for Lexam VG Gold are being held
in June of every year. This year’s meeting date was not set yet,
but it is likely that it will be scheduled like the ones
before.
Q:
I've read several times that 2012 drilling is fully funded. Is that
statement including the $6 million needed before June 2012, to earn
60% of Paymaster West Property? If not, what statements can be made
on the level of interest this has with Lexam VG Gold?
Per that J.V. Agreement with Goldcorp of 2008 for Paymaster West,
of that $6 million needed by June 2012 how much has Lexam VG Gold
already invested?
A:
We are fully funded for exploration through 2012. The Paymaster
West property has been explored by Lexam VG Gold since 2009, with
expenses that covered $5.7 million to date.
Q:
I've read the investor presentation and I can not seem to find a
drill schedule for the Paymaster West property. Could you give a
2012 outlook on that property?
A:
Last time I spoke to our geologists this month we had one drill
aiming for 4700 feet from Paymaster into Buffalo Ankerite and
another drill on the Buffalo Ankerite North Zone. As drilling
advances through the year, they are making reviews and adjustments
on their following targets.
I hope that this helps to respond to your questions.
Best regards,
Mihaela
Mihaela Iancu, Investor Relations
Lexam VG Gold Inc.
Bay Wellington Tower
181 Bay Street
Suite 4750, P.O. Box 792
Toronto, Ontario
M5J 2T3
Tel: 647-258-0395 x 320
F: 647-258-0408
Mihaela@lexamvggold.com
"