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Bullboard - Stock Discussion Forum Multi-Metal Development Ltd V.MLY

Alternate Symbol(s):  MLYCF

Multi-Metal Development Ltd is a Canadian mineral exploration and development company with mineral rights interests in the United States of America and Austria. The Company operates in two geographical areas, being Canada and the United States. The Company’s flagship project is the CuMo molybdenum project (the CuMo Project), located in Idaho, in the United States. The CuMo Project has two... see more

TSXV:MLY - Post Discussion

Multi-Metal Development Ltd > Cumo is gonzo, MLY shareholders got
View:
Post by michaelvim on Feb 08, 2023 7:17pm

Cumo is gonzo, MLY shareholders got

182 million shares of a pink sheet deal with no cash!!!!! 

https://www.sec.gov/ix?doc=/Archives/edgar/data/1263364/000121390023005558/ea171459-8k_jowayhealth.htm

As a result of the Exchange, a change in control of the Company has occurred with the ICUMO Shareholders now owning 90.1% of the issued and outstanding shares of Common Stock. Immediately after giving effect to the Exchange, there were 202,294,000 issued and outstanding shares of Common Stock, held as follows:

 

  The stockholders of the Company prior to the Exchange now hold 20,054,000shares of Common Stock issued and outstanding; and

 

  The ICUMO Shareholders now hold 182,240,000 shares of Common Stock.

 

Comment by silverbaronalbe on Feb 09, 2023 4:01pm
Would not say gonzo as things are still evolving, such as name change and new symbol, so let things play out - also might add that the shares closed $.35 US last time I looked.
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