04:13:07 EDT Fri 18 Jun 2021
Enter Symbol
or Name

Login ID:

Shell Summary for May 13, 2021

2021-05-13 20:56 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 slipped 2.57 points to 908.35 Thursday. For its qualifying transaction, James Pettit's Tri Capital Opportunities Corp. (TCAP: halted) is acquiring an 80-per-cent interest in the 6,500-hectare Pine Channel gold property in Saskatchewan from Eagle Plains Resources Ltd. (EPL: $0.165). The shell must pay $25,000 and issue 200,000 shares to close the QT. Over the next four years, the resulting issuer must pay $125,000, issue 1.8 million shares and spend $3-million on exploration.

Previous operators drilled up to 408 grams per tonne Au over 0.5 metre at Pine Channel. In 2019, Eagle Plains sampled 77.5 g/t Au. It has since tried and failed twice to option the property, first to the now-delisted Enertopia Corp. and then to a private B.C. entity, Amaroq Gold Corp. Eagle Plains has seven other Canadian mining properties under option to other companies.

Tri Capital is raising $500,000 at 10 cents. Its resulting issuer will trade as Apollo Minerals Ltd. (APMI), pending TSX-V approval. The shell's six directors will all remain on Apollo's board. They are Mr. Pettit, Timothy Fernback, Simon Dyakowski, Jordan Trimble, Riley Trimble and Nick Findler. Mr. Pettit will continue as the chief executive officer.

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

© 2021 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.