GREY:NMKEF - Post by User
Comment by
Motownwingon Oct 02, 2017 4:23pm
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Post# 26767998
RE:RE:RE:RE:Very Bullish NMX
RE:RE:RE:RE:Very Bullish NMXNot to give credence to an unfounded rumour but I do want to clarify that the Fonds FTQ is a capital risk fund that has historically been quite active supporting junior mining start-up operations. Calgary_AB comments about the Fonds FTQ are incorrect.
Please refer the below extract on MINING from their website https://www.fondsftq.com/en/accueil.aspx
'Mining : The Fonds’ efforts are aimed primarily at the start-up of new production and offering support to Qubec-controlled producing companies seeking to innovate and pursue their growth.'
More infos below. Cheers, Motown
About the Fonds de Solidarit FTQ
Created in 1983, the Fonds de solidarit FTQ is a development capital fund that calls upon the solidarity and savings of Quebecers to help fulfill its mission to contribute to Qubec's economic growth by creating, maintain or protecting jobs through investments in small and medium-sized businesses in all spheres of activity.
With net assets of $13.1 billion as at May 31, 2017, the Fonds de solidarit FTQ has become a hub of knowledge and resources for Qubec businesses and a key player in the local economy.
MINING
Because discovery opportunities still abound in the vast Great North, the Qubec mining industry holds enormous potential. In fact, according to the Fraser Institute, Qubec is one of the best mining territories in the world.
INDUSTRY CHALLENGES
In order to ensure its long-term growth and to maintain its advantageous market position, Qubec’s mining industry will need to:
Maintain its investment attractiveness for mining companies;
Diversify its mineral production;
Avoid a shortage of qualified workers.
WHERE THE FONDS FITS IN
The Fonds de solidarit FTQ leverages its expertise, capital and vast network to:
Provide financial and strategic support to companies seeking to maximize their growth;
Allow companies to capitalize on market opportunities to develop value-creating projects;
Help create and keep jobs in Qubec.
INVESTMENT PRIORITIES
Mining : The Fonds’ efforts are aimed primarily at the start-up of new production and offering support to Qubec-controlled producing companies seeking to innovate and pursue their growth.
Exploration : By injecting funds into the working capital of mining companies, the Fonds is helping diversify mineral production in Qubec while continuing to support the development of conventional metal production
FINANCING SOLUTIONS
The Fonds tailors its offer to match the individual needs of its partner companies. We offer patient capital that takes into account the challenges businesses face and the time they need to see their projects to fruition.
Our flexible financing options include:
Equity financing (common or preferred shares)
Unsecured debt, requiring no collateral (debenture)
FINANCING CRITERIA
The Fonds gives priority to businesses that satisfy, among others, the following criteria:
Competent, dynamic teams with operating experience;
Properties with potential, quality production;
Shareholders and officers receptive to investors, alliances and partnerships;
Sound business plans;
Promising market and profitability outlook;
Competitive advantages;
Preservation and creation of lasting jobs