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Tantalex Lithium Resources Corporation C.TTX

Alternate Symbol(s):  TTLXF

Tantalex Lithium Resources Corporation is a Canada-based exploration and development stage mining company. The Company is engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa. It is focused on operating its TiTan tin and tantalum concentrate plant and developing its lithium assets in the prolific Manono area in the Democratic Republic of Congo; The Manono Lithium Tailings Project and the Pegmatite Corridor Exploration Program. The Manono Tailings project covers 105 million mt over 11 dumps, containing Lithium, Tin and Tantalum. The Pegmatite Corridor Exploration project is located southwest of Dathcom Mining with 269 million tons of measured and indicated resources, for which the pegmatite extends throughout its licenses 12447 and 12448.


CSE:TTX - Post by User

Post by stkinvestor75on Jan 18, 2020 12:14pm
83 Views
Post# 30568848

Why do a fusion (TTX and CO)

Why do a fusion (TTX and CO)Seriousely. If I were the owner of CO, why do the fusion with TTX. They loaned 4.5 millions to TTX. The CO balance sheet went from having 7 M in cash to 275k in less than 2 years.

What are they worth today ? CO?

Instead, why not convert the debenture to shares which would give them what ? more than 400M shares of TTX? they would then control TTX and have more than 50%. Why keep CO which is cashless now, what is the vlue of this? and it's complicated transaction, requiring their SH to vote for it.

Anyways, if I was the owner of CO, that's what I would do, given the fact that TTX founds something of course. So this would bring huge dilution of SP before anything.
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