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Bullboard - Stock Discussion Forum Sun Metals Corp. V.SUNM

Metals & Mining Industrial Metals & Minerals
Sun Metals Corp is an exploration stage company with its principal focus on the exploration of the Stardust Project located in British Columbia, Canada. The company operates in one operating segment namely mineral exploration in Canada.

TSXV:SUNM - Post Discussion

Sun Metals Corp. > Financing Closed...Teck In!
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Post by dacre on Dec 20, 2018 7:18pm

Financing Closed...Teck In!

Just released that the $5 million placement has been closed, and Teck has taken a significant position in the company, acquiring 12,500,000 shares (13.8%) at 0.28!
Comment by gamer88 on Dec 20, 2018 7:54pm
This post has been removed in accordance with Community Policy
Comment by Goaweigh on Dec 21, 2018 1:37am
Very interesting the way they structure those flow throughs for charities. I guess they get the mining tax flow through and then they sold the stock to Teck privately taking a further loss which would become a loss to offset capital gains.  We should get a bit of a pop out of this and if they are driling again in January even better.
Sun Metals Corp.