Metalex Ventures Ltd V.MTX

Alternate Symbol(s): MXTLF

Metals & Mining Industrial Metals & Minerals

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay Lowlands Property. It has a 100% earned interest in mineral claims located in the Kyle Lake area of Ontario, located approximately 200 kilometers (km) west of James Bay in Northern Ontario and about 80 km west of De Beers’ Victor Mine. It also has an interest in various mineral claims located in the Wemindji James Bay region of Quebec for the exploration of diamonds and owns 100% of the non-diamond project. It also has a 100% interest in certain mineral claims in the James Bay Lowlands area of Northern Ontario. It has a 70% interest in the Viljoenshof Diamond Project in South Africa.

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Metalex Ventures Ltd

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Comment by sara7on Dec 02, 2010 8:30pm

265 Views

Post# 17793025

RE: RE: News: 7M Financing..Sara..

Now it looks like you guys may be getting the hang of things. ? Sure, whatever.

.Dominick& Dominick, except they were into the OHW for at least 3.50 per. The next time they got involved they were offered paper at .50. You saw correctly 50 cents. Now how do you think they felt? Why did they get involved again? Did they think it was worth the risk?

   This is a high risk space, no place for week knees and certainly no place for putting the rent money.
   This financing could shake out some week players, no? Not that I would condone such a strategy but I have seen stranger moves.

GL

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