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International Zeolite Corp CNZCF


Primary Symbol: V.IZ Alternate Symbol(s):  IZCFF

International Zeolite Corp. is a vertically integrated industrial minerals company. Its principal business activities are the exploration and development of mineral properties and the development, marketing and sales of industrial commercial products from the production of its properties and the supply of raw materials from third party suppliers. Its segments include exploration and development, and retail and commercial sales. It has a Zeolite project in the Bromley Creek area located near Princeton, British Columbia (the Bromley Creek Zeolite Project). It holds 640.21 hectares of mineral claims leased from the British Columbia government. The Bromley Creek Zeolite Project consists of a total of one mineral lease and four mineral claims. Its products include NEREA and Natural Zeolite. NEREA is a material and method of direct crop and plant agronomy, offering an alternative to the hydroponics technique. Its products have applications in agriculture, industrial and home use.


TSXV:IZ - Post by User

Comment by Slyincalgaryon Mar 04, 2018 2:53pm
62 Views
Post# 27658492

RE:RE:RE:RE:News Releases

RE:RE:RE:RE:News ReleasesHmmmm, did you even make an attempt to read the note that explains it?

Goodwill can be positive or negative based on what you pay for a company based on their asset value. In this situation, if you read Note 5 in the financials, EI was purcahsed for 1,161,497. The Goodwill value comes from the difference between what EI's net assets were and what the purchase price was...the calculation is in the note.

Goodwill is paid for "intangible assets or value", unless you talked to Ray and whoever made the deal you wouldn't know exactly why they paid that exact amount. If you read the top of the note they paid 61,497 of payables and then 1.1M in cash and shares,100k in cash and a million in CNZ shares. My guess is that they saw the value in EI and what it could add to CNZ if they had some cash to operate and a much cheaper price for zeolite. Paying what they were paying from the US was killing them.

So to summarize, the net asset value on EI's balance sheet plus the goodwill number equals the total purchase price.

Man, three posts on a Sunday for me....you can tell how much snow Calgary got!

Glta 
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