07:44:54 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Shell Summary for Nov. 15, 2016

2016-11-15 21:22 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The TSX Venture Exchange rose 17.52 points to 747.16 Tuesday. Peter Hughes's halted capital pool shell, Broome Capital Inc. (BCP), plans to acquire a Saskatchewan uranium property option for its qualifying transaction. It will roll back 1 for 3, leaving it with 3,135,541 postconsolidated shares issued, then issue one million postconsolidated shares and pay $10,000 cash to the optionor. To acquire a 100-per-cent interest in the property, which is called KLR, the resulting issuer must spend $500,000 on exploration within 18 months. Broome Capital had a working capital deficit of $167,134 on June 30, 2016. To finance its QT and raise money for its resulting issuer's exploration work, the shell is selling a $750,000 private placement of 15 million postconsolidated units at five cents.

KLR covers 2,406 hectares in Northern Saskatchewan, 60 kilometres southwest of the past-producing Key Lake uranium mine. Its optionor is Doctors Investment Group Ltd., a Bahamas-registered property holder. Doctors Investment has optioned properties to eight other public companies in the last 10 years, most recently a Quebec gold property to Golden Peak Minerals Inc. (GP: $0.345) and a Nevada lithium property to Noka Resources Inc. (NX: $0.055).

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed