03:48:59 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Diamond & Specialty Minerals Summary for Nov. 16, 2023

2023-11-16 20:39 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 Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a mediocre 80-102-128 as the TSX Venture Exchange rose fractionally to 518. Alpha Lithium Corp. (ALLI) closed unchanged at $1.46 on 124,000 shares. The company is bidding adieu to Brad Nichol, who has resigned as president and chief executive officer "pursuant to the planned transition of management" that follows the expiry of a $1.48-per-share cash offer by Tecpetrol S.L. to acquire the company's shares.

The takeover bid was successful, so Alpha will be trading its last shortly, one presumes, and so the appointments of Jorge Dimopulos as interim CEO and Juan Jose Mata as interim chief financial officer may be more interim than usual. Meanwhile, Mr. Nichol, who helped orchestrate the acquisition, was immensely proud of what he and his Alpha crew had accomplished during his tenure, and he thanked his now former shareholders for their support "throughout this journey."

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.