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International Zeolite Corp V.IZ

Alternate Symbol(s):  IZCFF

Chemicals Specialty Chemicals
International Zeolite Corp. engages in the exploration and development of mineral properties in Canada. It operates through two segments, Exploration and Development, and Retail and Commercial Sales. The company hold interests in the Bromley Creek zeolite project that covers an area of approximately 640.21 hectares located near Princeton, British Columbia; and the Sun Group zeolite property, consisting of 3 claims covering an area of 527.1674 hectares located in the Similkameen Mining District of British Columbia. It also markets and supplies natural zeolite and zeolite-infused products for agriculture, industrial, and home use, as well as offers NEREA, a crop nutrient and nutrient delivery system. In addition, the company supplies raw materials from third party suppliers. The company was formerly known as Canadian Zeolite Corp. and changed its name to International Zeolite Corp. in March 2018. International Zeolite Corp. was incorporated in 1987 and is headquartered in Vancouver, C...


TSXV:IZ - Post by User

International Zeolite Corp
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  • researchpalX
Post by researchpalon Feb 02, 2023 6:26pm
383 Views
Post# 35263582

Dart 321 - Once Again Here's the Correct Math

Dart 321 - Once Again Here's the Correct Math
Please see below the portion of IZ's news that I referred you to for August 3, 2022 with respect to the agreement between Progressive Planet and IZ on the Bromley Creek deposit. You will see that Progressive Planet will not reach the 50% interest until March 2027, so there is no way they currently hold 28%. Back to the drawing board for you!

"The amended agreement outlines the payment details for the 50% interest for $725,000. $101,933.76 has already been paid to International Zeolite, with PLAN now holding a 7.03% interest in the Bromley Creek zeolite deposit, located in British Columbia. The remaining $623,006.24 is payable in 20 equal quarterly installments to March 2027, for the remaining 42.97% interest."
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