Post by
FromSudbury on Nov 28, 2024 9:56pm
This alone exceeds FNCs market cap
Fancamp’s shareholding in KWG Resources Inc., carrying on business as the Canadian Chrome Corporation (KWG), has increased progressively further due to the quarterly issue of shares in lieu of interest payments for the Fancamp Secured Convertible Promissory Note for $34.5 million in KWG. The Corporation now owns an equivalent of ~2.29 million Multiple Voting Shares of KWG, which is ~10.2% of issued and outstanding shares of KWG. The Corporation has earned an aggregate dividend income of $1.08 million in 2023 and 2024 from its investment in Champion Iron Limited (CIA).
Comment by
Maxmoe on Nov 29, 2024 7:54am
Unfortunately it doesn't matter how much the assets are worth if you're a minority shareholder that gets none of the piggy bank of freebies and goodies. That's just for the gnome and his limo driver