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Bullboard - Stock Discussion Forum Cematrix Corporation V.CVX

Alternate Symbol(s):  CTXXF

Building Materials Building Materials
CEMATRIX Corporation is a Canada-based company, which manufactures and supplies technologically advanced cellular concrete products developed from formulations across North America. The Company’s cement-based material with superior thermal protection delivers to a range of problems facing the infrastructure, industrial, energy and commercial markets. It supplies and installs lightweight... see more

TSXV:CVX - Post Discussion

Cematrix Corporation > CEMATRIX Announces USD $4 Million Strategic Investment
View:
Post by HGBlog on Feb 15, 2022 11:15am

CEMATRIX Announces USD $4 Million Strategic Investment

| $CVX | $CTXXF | CEMATRIX Announces USD $4 Million Strategic Investment Commitment to Glavel Inc.
 
Comment by kingscorpion on Feb 15, 2022 11:43am
Glavel inc a.private company!! The so far the good news is they use reclaimed glass which in my opinion could be practically free and help the bottom line tremendously CVX according to this NR will own up to 45% of the company down the road. So it's as good as acquisition. I am still reading its a long news release
Comment by kingscorpion on Feb 15, 2022 12:08pm
It looks like investors are still reading Its probabaly the longest NR to read and probably you have to read it a few times to get a full grasp of things but initial investment of about $500 k will allow CVX to own just under 10% and with subsequent investment ($5 mil in total) this ownership will move up to 45%. There are only 2 of this type of company in North America, so it is a very strategic ...more  
Cematrix Corporation
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