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McChip Resources Inc V.MCS

Alternate Symbol(s):  MCCHF

Financial Services Asset Management
McChip Resources Inc. is a Canada-based company, which invests in petroleum interests in Western Canada, as well as direct and indirect interests in minerals. The Company is engaged in the natural resources industry. The Company holds indirect interests in minerals and petroleum assets in the form of marketable securities and investment in other companies which are listed on recognized exchanges.


TSXV:MCS - Post by User

McChip Resources Inc > BIG NEWS -- $3 million sale
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Post by ekimon Nov 05, 2017 6:42pm
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Post# 26909245

BIG NEWS -- $3 million sale

BIG NEWS -- $3 million saleTotally missed this news up until now.

McChip just sold off its entire Potash Royalty to $ACS for a $3 million cash payment plus annual payment sof $500K for 10 years.
Considering the market cap sat at $2.4 million a week ago..I would say it 100% a great deal.

They willl still have some other assets...I'll have to check out the quarterlies.

Nice to see something get valued fairly beyond what the market is making a horrible job at.

EKIM
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