Metalex Ventures Ltd V.MTX

Alternate Symbol(s): MXTLF

Metals & Mining Industrial Metals & Minerals

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay Lowlands Property. It has a 100% earned interest in mineral claims located in the Kyle Lake area of Ontario, located approximately 200 kilometers (km) west of James Bay in Northern Ontario and about 80 km west of De Beers’ Victor Mine. It also has an interest in various mineral claims located in the Wemindji James Bay region of Quebec for the exploration of diamonds and owns 100% of the non-diamond project. It also has a 100% interest in certain mineral claims in the James Bay Lowlands area of Northern Ontario. It has a 70% interest in the Viljoenshof Diamond Project in South Africa.

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Metalex Ventures Ltd > Interesting PP Distribution

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Comment by Oregonduckon Jan 18, 2021 4:52pm

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Post# 32322499

RE:RE:Interesting PP Distribution

B

coolshivers wrote:
It was 39.55 at the AGM and now 41.94.. about a 2.39% increase. EOM

Hey Cool.

Chuck could have done his original proposal by issuing himself 55 million new shares as per News Release in Oct 2020 being a majority holder without the need for shareholders approval.

Or, better still, give himself 275 million new shares since the stock was trading below $0.05.

As per TSX Venture Policy, good until Dec 31, 2020.

Under the Temporary Relief, the minimum offering price in a private placement financing under Policy 4.1, a prospectus offering under Policy 4.2 and a Short Form Offering Document (SFOD) offering under Policy 4.6, is reduced from $0.05 to $0.01 where the market price of an issuer's shares is not greater than $0.05.Apr 9, 2020