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Multi-Metal Development Ltd V.MLY

Alternate Symbol(s):  MLYCF

Multi-Metal Development Ltd is a Canadian mineral exploration and development company with mineral rights interests in the United States of America and Austria. The Company operates in two geographical areas, being Canada and the United States. The Company’s flagship project is the CuMo molybdenum project (the CuMo Project), located in Idaho, in the United States. The CuMo Project has two distinct layers of diversification: the upper half contains higher grades of silver and copper compared to molybdenum and the lower half is rich in molybdenum, with lower grades of silver and copper. The CuMo deposit is located at the south-western end of the Idaho-Montana Porphyry Belt within the Atlanta Lobe of the Idaho Batholith. Its Bleiberg Zinc-Germanium-Lead-Fluorite-Cadmium Mine Complex consists of 116 exploration licenses totaling 6,582.4 hectares, located approximately 130 kilometers south of the city of Salzburg, Austria.


TSXV:MLY - Post by User

Comment by JackCrosson Nov 02, 2020 4:03pm
136 Views
Post# 31824398

RE:RE:RE:RE:RE:Wake Up - news release out so hopefully this moves us closer

RE:RE:RE:RE:RE:Wake Up - news release out so hopefully this moves us closer

MondayBull wrote: Sumac you are 100 percent wrong.. I'm sorry to tell you but you are dead wrong. The exchange wanted this new release in order for cumo to trade again. We do not have to wait until January to trade. You really need to do more dd before you speculate and post on here. Cheers 

 

It's right there in the article - last paragraph.

 

"As of this news release, the Company is not in compliance with Exchange Policy 3.2, section 4.1 with respect to not holding an AGM within 15 months from the Company's last preceding annual meeting of Shareholders. The Company has been placed on notice to hold an AGM by no later than January 15, 2021 and the Company intends to hold the meeting prior to that date. The date of the annual meeting has been set for Jan 12, 2021 ."

They've been placed on notice to hold an AGM as a condition to trade, if they don't satisfy the regulatory requirements, they don't trade. Previous technical news releases have all been satisfied and the CTO has been revoked, if by this point we're not trading, the AGM looks like the next hurdle. 

 

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