Bullboard - Stock Discussion Forum Treasury Metals Inc V.TML

Metals & Mining Gold

Treasury Metals Inc. is a gold-focused company with assets in Canada. The Company is focused on its 100%-owned Goliath Gold Complex, which consists of Goliath, Goldlund and Miller deposits, which are located in Northwestern Ontario. The Goliath Gold Complex is comprised of approximately 503 mineral claims, 49 patents, five leases and one license of occupation, and the properties cover... see more

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TSXV:TML - Post Discussion

Treasury Metals Inc > Capital increase + 20%

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Post by andre171 on Nov 24, 2023 6:43am

Capital increase + 20%

Announcement today of the creation of 28.6M shares + 14.3M warrants, i.e. a capital increase of between 20 and 30% at the lowest price ever! It's hard to keep morale up in these conditions, even if the downturn is affecting the entire sector and not just TML. Nevertheless, the latter seems particularly fragile.

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Comment by andre171 on Nov 25, 2023 5:50am

Once again, large shareholders will benefit from this capital dilution. I'd prefer the Goliath project to be sold, but I don't suppose there are any candidates for the purchase, otherwise the share price wouldn't be at 0.13 CAD. Promises for many years, but always disappointments for small shareholders! With this capital increase, the intrinsic value of each of our shares is still ...more

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Treasury Metals Inc