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.

TSXV:MTX - Post by User

Metalex Ventures Ltd

<< Previous

Bullboard Posts

Next >>

Post by Oregonduckon Oct 26, 2022 1:31pm

158 Views

Post# 35050550

Rollback Contemplated 2020

On Dec 4, 2020 AGM, MTX had cancelled the 1 for 20 rollback after the stock moved up sharply from 2 cents to 10 cents.

Any rollbacks of 1 for 10 or lesser would not require 2/3 shareholders approval by special resolution at the AGM as per TSX-Venture policy.

I think Chuck might still do it for JV investment with Rio Tinto. Looks like MTX would be able to raise some $1.2 million from 10 cents warrants exercise before expiry by Jan 2023.

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages