09:47:27 EDT Thu 24 May 2018
Enter Symbol
or Name

Shell Summary
Symbol C : *MKTSHEL
Recent Sedar Documents

Shell Summary for April 18, 2017

2017-04-18 21:00 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 lost 4.56 points to 825.14 Tuesday. Andy Edelmeier's suspended capital pool shell, Accend Capital Corp. (ADP), plans to acquire the Block 103 iron ore property in Labrador for the shell's qualifying transaction. Accend, which has 2,825,000 shares issued, will issue 12 million shares to the property owner, Andy Bowering's ML Gold Corp. (MLG: $0.23). The shell must also pay $200,000 cash on closing and another $800,000 after two years. Last month, Accend sold a $600,000 private placement of shares at five cents. On closing of the QT, the shell will change its name to Maple Leaf Iron Corp.

ML Gold, formerly an iron ore promotion called Cap-Ex Iron Ore Ltd., last conducted exploration at Block 103 in 2013. It changed its name from Cap-Ex in November, 2016, and is now after gold in British Columbia and Nevada. If Maple Leaf Iron completes a prefeasibility study for Block 103, then it must pay ML Gold $5-million in cash or shares. If Maple Leaf completes a feasibility study, then it must pay another $15-million in cash or shares. In the meantime, before the QT can close, the shell must sell a $2-million private placement of 10 million units at 20 cents.

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

© 2018 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