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Compliance Energy Corp CPYCF

Energy Metals & Mining Industrial Metals & Minerals
Compliance Energy Corp Is a Canada-based exploration and development company. The company is engaged in the exploration and development of resource properties. The firm is an exploration and development company working on resource properties it has staked or acquired, principally on Vancouver Island. It has interest in Comox Joint Venture (CJV), which holds the Raven Underground Coal Mining Project (Raven Project).


GREY:CPYCF - Post by User

Compliance Energy Corp
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Post by coalbadon Jun 27, 2012 4:14pm
218 Views
Post# 20061234

Itochu (I-Comox ) getting cold feet??

Itochu (I-Comox ) getting cold feet??

I noticed Item#19 "Events after the reporting period" in the CEC Consoilidated Financial Statement (December 31, 2011) that " A cash call was made in January 2012. The Company and LGI participated but I-Comox did not and suffered dilution." Could it be that Itochu (I-Comox), one of the joint venture partners is getting cold feet?? Any comments on why Itochu would take a pass on the cash call and suffer dilution? 

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