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.

TSXV:MTX - Post by User

Metalex Ventures Ltd

Bullboard Posts

Post by somweyungguyon Nov 08, 2016 10:57am

134 Views

Post# 25436585

Khuckah / Oceaneleven.....

Why would employees take shres at 6.5 cents instead of cash?

Especially if they could take the cash and buy the stock cheaper?

Hard to know Ocean ; - )

Metalex Ventures shares for services

2016-11-01 18:36 ET - Shares for Debt

The TSX Venture Exchange has accepted for filing the company's proposed issuance of 115,385 shares at a deemed price of 6.5 cents per share, in consideration of certain services provided to the company for the period ending Oct. 31, 2016, pursuant to an amended deferred share unit plan for Lorie Waisberg, dated Sept. 13, 2013, and effective Aug. 1, 2013.

The company shall issue a news release when the shares are issued

Bullboard Posts

The top 10 Canadian medical stocks