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Metalex Ventures Ltd V.MTX

Alternate Symbol(s):  MXTLF

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

Post by Oregonduckon Jun 01, 2023 12:08pm
164 Views
Post# 35475067

What is material news release?!!!

What is material news release?!!!Start of dillling news would not be material, but significant results would be. It has zero, nada or zilch effect on MTX's stock price. To wit:

Events that must be disclosed

"...Generally, information that is material information must be disclosed. The basic disclosure requirements are found in securities laws which requirements are then expanded upon by the policies and rules set by exchanges. Although definitions vary between Canadian exchanges on what meets the standard of material information requiring disclosure, the general notion is that material information is information that would be reasonably expected to significantly affect the market price of an issuer's shares. For example, material information is defined by the TSX Venture Exchange (the "TSX-V") policy as "any information relating to the business and affairs of an Issuer that results in or would reasonably be expected to result in a significant change in the market price or value of any of the Issuer's Listed Shares, and includes Material Facts and Material Changes".[1] Requirements are also set by the TSX-V in appendix 3F - Mineral Standards."

(cited Gowlings LLP)

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