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QMX Gold Corp is a junior exploration company. It is engaged in mineral exploration and evaluation properties in the province of Quebec. The Company is focusing on the exploration and evaluation of its gold and base metal projects within this region. It is also focused on the Val d'Or mining camp in the Abitibi District of Quebec. It holds the Aurbel property and holds a 100% interest in the... see more

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QMX Gold Corporation > Voted against the ELD proposal

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Post by PappyGallo on Mar 16, 2021 12:14am

Voted against the ELD proposal

Finally my proxy vote came in and I voted against the ELD proposal. What I did not realize is that ELD and the CEO of QMX can not have their votes be apart of the vote as they own more than 1% of the votes.

So as Minority Shareholders we do have a chance to reject the offer. Remember what we are getting is ELD shares in return - and a very small amount.

ELD has to put together a better offer if we are to accept.

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Comment by LosingHope on Mar 16, 2021 7:07am

I voted to 'reject' the offer too and hope others will join Pappy and I in turning down this Lowball offer!

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Comment by Johnnycash01 on Mar 16, 2021 7:27pm

This post has been removed in accordance with Community Policy

Comment by PappyGallo on Mar 17, 2021 12:55am

If other shareholders really look at what we are being offered and vote against it then at least we have a case as minority shareholders that we were screwed. So please vote against it.

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Comment by freemax1 on Mar 16, 2021 8:30pm

Hi PappyGallo ! & other S/Hs I too voted my 140K shares AGAINST this ridiculous offer ! I can,t imagine how it can be possible the silence around this in 2021 where are the others ES, PROBE, 03 mining ??? why they dont say nothing ? the OSC will react soon

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QMX Gold Corporation