Quanex Building Products Corp V.NX

Primary Symbol: NX

Industrials

Quanex Building Products Corporation is a global manufacturer with core capabilities and broad applications across various end markets. It collaborates and partners with original equipment manufacturers (OEMs) to provide solutions in the window, door, vinyl fencing, solar, refrigeration and cabinetry markets. Its segments include the North American Fenestration segment, comprising four operating segments primarily focused on the fenestration market in North America, including vinyl profiles, insulating glass spacers, screens, custom compound mixing, and other fenestration components; European Fenestration segment, comprising its United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles & conservatories, and the European insulating glass business manufacturing insulating glass spacers; and North American Cabinet Components segment, comprising its cabinet door and components operations. It also offers building products solutions to OEMs in the building product industry.

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Quanex Building Products Corp > Lodge Pole

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Comment by Zo$oon Jun 12, 2014 9:54pm

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Post# 22655982

RE:RE:RE:RE:RE:RE:RE:RE:Lodge Pole

The Lodge Pole deal stinks.. but they haven't spent $1.6 million on it. Probably have just issued shares.

We'll find out more when they put out their next financial statements (probably late July/early August).

On April 15, 2014, the Company entered into two option agreements to earn a 100% interest in the

Lodge Pole Point Project, located in the Athabasca Region of Northern Saskatchewan. Under the terms of the agreement, the Company must make cash payments and issue common shares of the Company as follows:

 Issue 6,000,000 common shares of the Company (issued on April 24, 2014 and valued at

$600,000);

 Pay $50,000 on or before June 30, 2014;

 Pay an additional $100,000 on or before April 15, 2015;

 Pay an additional $150,000 on or before April 15, 2016;

 Pay an additional $300,000 on or before April 15, 2017; and

 Pay an additional $1,000,000 on or before April 15, 2018.

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