09:00:01 EDT Sun 25 Oct 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Shell Summary for Jan. 23, 2020

2020-01-23 20:35 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 fell 2.98 points to 582.38 Thursday. Marc Sontrop's third capital pool shell, Aim3 Ventures Inc. (AIMC: halted), plans to acquire SilverStream SEZC for the shell's qualifying transaction. SilverStream is a mining royalty and streaming company, doing business as Vox Royalty. Terms of the QT are not yet available.

Vox Royalty was formed in 2014. It has since acquired and dropped various mining royalties and streams. (In a royalty deal, a company such as Vox Royalty lends money to a mining junior and, as part of the loan agreement, receives royalty payments once the mine is in production. In a streaming deal, the lender is given the option to buy the future output from the mine at a fixed price.) Vox's portfolio currently comprises eight royalties and streams, with 14 more being acquired. According to its website, the company holds royalties on two producing mines: the Graphmada graphite mine in Madagascar and the Mount Marion lithium mine in Western Australia. Graphmada is operated by Bass Metals Ltd., which last closed at one Australian cent on the Australian Securities Exchange. Mount Marion is jointly operated by Mineral Resources Ltd., which last closed at $17.40 (Australian) on the ASX, and Ganfeng Lithium Co. Ltd., which last closed at 43.37 yuan (equivalent to $8.21) on the Shenzhen Stock Exchange.

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

© 2020 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.