TSXV:WMG.H - Post by User
Comment by
regshareholderson Feb 01, 2017 6:50am
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Post# 25781769
RE:RE:When the deal is completed in 14 days I still expect 8 cents
RE:RE:When the deal is completed in 14 days I still expect 8 centsOnce upon a time in the land of TSXV stock exchange there was the issuance of a
May 13, 2014 press release, And in this land exists a very puzzled and bewildered ("weird") group of investors wondering what are NVM's accomplishments after 3 years? Standoff with ScanMag? High direct costs? One employed engineer? Civil action? Multitude of advertised advisors on the Web site? Cash flow exhaustion? No measured resource calculation? Unfulfilled drill program? Invisible Colarado University test report of the alternative reductant - paid for by the investor?
Quack, quack goes the duck. Just maybe its time to demonstate to the share holders "shareholder value". Now what things could be done to increase the share holders confidence in the investment besides upticking the PPS. Hmmmm. May I suggest you use the 3 3 3 rule in building investor confidence. VANCOUVER, BRITISH COLUMBIA / TNW-ACCESSWIRE / May 13, 2014 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company" or "Nevada Clean") today announced the formal signing of the Joint Venture (JV) Agreement with ScanMag AS, a Norway-based industrial minerals company. The JV partnership provides for the companies to collaborate on and mutually benefit from the development of their respective high quality dolomite deposits to produce magnesium metal for the North American and European industrial markets.
With the signing of the JV agreement, ScanMag AS has paid Nevada Clean initial cash consideration of US$150,000. Upon ScanMag remitting a total of US$5 million to the Company on or before October 14, 2014, ScanMag will be granted a 40% interest in Nevada Clean's Tami-Mosi Project and a 19% equity stake in the Company. Conversely, Nevada Clean will be granted a 7% equity stake in ScanMag.