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Sturges Joseph Karban, 45, of Boston, Los Angeles, and Naples, sadly passed away on Tuesday, April 9, 2024. He is survived by his mother, Jonnie Sturges; father, Dr. Edward Karban, and his spouse, Paige Karban; younger sister, Stephanie Smith, and her spouse, Benjamin Smith, as well as his two nephews, Theodore and Jonathan Smith.
Oct 16, 2023 · Thorin Resources CEO Sturges Karban told Ouray County commissioners at a Sept. 12 meeting that his company is entirely devoted to the Camp Bird Mine, acquired several years ago and located nearby, and now the Revenue-Virginius Mine. Karban added that he’s “very excited” about the acquisition.
Sturges Karban, founder and CEO of Thorin Resources, the new owner of the Revenue-Virginius Mine, sits for a portrait at the mine’s Ouray warehouse last month. Thorin purchased the Revenue-Virginius at auction for $1.8 million, six years after bringing the nearby Camp Bird gold mine out of bankruptcy.
- Raising Millions
- Expansion Mode
- Sales Decline
- Strategic Review
Money was also flowing in via various fundraises. In September 2020, ManifestSevenclosed on an aggregate of $10.2 million in gross proceeds raised via three private placements of equity and convertible debt in 2020. At the time CEO Sturges Karban said, “Today’s announcement is a resounding affirmation of M7’s business model and corporate resilience...
In November 2020, M7 received another $2.31 million ($3.0 million CAD) from a noteholder in fulfillment of a subscription to the company’s 17.5% Subordinated Secured Convertible Notes. By February 2021, M7 announced the opening of its fully-licensed, multi-purpose facility in Brisbane, California, located directly south of San Francisco. The Brisba...
As the company moved into April 2021, M7 reported its fiscal first-quarter 2021 earnings. M7 said it generated consolidated revenue of $3.8 million during the first fiscal quarter, which fell from $4.1 million for the same prior-year period. M7 said “This decrease was primarily due to a decline in revenue generated from ancillary product sales due ...
By July 2021, the party was essentially over not even a year after going public. M7 reported its fiscal second-quarter earnings with revenue of $3.8 million, essentially flat but more importantly, M7 said it had initiated a strategic review. That’s Wall Street talk for things are not going well and we’ve got to figure a way out of this mess. Maximi...
Sturges Karban, founder and CEO of Thorin Resources, the new owner of the Revenue-Virginius Mine, sits for a portrait at the mine’s Ouray warehouse in September. Thorin purchased the Revenue-Virginius at auction for $1.8 million, six years after bringing the nearby Camp Bird gold mine out of bankruptcy. Karban said his intention is to put ...
Sep 29, 2023 · Sturges J. Karban is the founder of Meridian Advisors, founded in 2011, and KaRED, Inc., founded in 2004. Mr. Karban is currently the Chief Executive Officer & Director at ManifestSeven, Inc. since 2017 and at ManifestSeven Holdings Corp.
Sturges Karban brings to ManifestSeven more than 18 years of experience across capital markets, investment banking, asset management, and high-growth operations. He joined the Company in 2014 as Chief Investment Officer, and in 2017, was appointed Chief Executive Officer.
