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Bullboard - Stock Discussion Forum Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Cantex Mine Development Corp. is an exploration stage company. Its principal business activity is the exploration and development of mineral properties for commercial mineral deposits, and it is considered to be at the exploration stage. It is focused on its 100% owned 20,000-hectare (ha) North Rackla Project located about 150 kilometers (km) northeast of the town of Mayo in the Yukon Territory... see more

TSXV:CD - Post Discussion

Cantex Mine Development Corp > Vic gold officially over
View:
Post by Waivergod on Aug 16, 2024 9:48am

Vic gold officially over

Can the old shares be bought by another company  and resisted in the future?

Hopefully it doesn't slow down any progress for Cantex  in the yukon to bad
Comment by Massivesulfide on Aug 16, 2024 3:05pm
The receiver is PWC in Toronto. The court order came from an Ontario Superior Court. Parsons will be in charge of environmental consultation in conjunction with HECLA who have been quite helpful in containing the spill. It looks like this thing will not trade again until, the government gets back their pound of flesh first. They are ranking ahead of the debt holders in terms of receiving funds and ...more  
Comment by Waivergod on Aug 16, 2024 4:29pm
Thank you for update
Comment by Oregonduck on Aug 16, 2024 5:25pm
No, the old shares will be cancelled. They are worthless. The Receiver will endeavor to sell the mine to another bidder after remediation. This situation is like Minto Mine in Yukon. I believe the US OTC Pink Sheets may trade the old shares at sub-penny level for some time after reopening. The TSX is in the process of delisting VGRX.
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