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Comstock Metals Ltd. (CMMMF) is a public company that has transitioned from a mining exploration company to exploring new opportunities. The company recently borrowed $210,000 to exercise rights in MAS Gold Corp. The loan transactions were approved by the disinterested directors of the Company.
The company sold its resource stage gold project in Saskatchewan to MAS Gold and has received 27,775,000 common shares in MAS Gold after the transaction. Comstock has entered into a loan agreement to exercise rights in MAS Gold, which management believes is in the best interest of the Company.
Comstock Metals Ltd. is currently focused on identifying new opportunities for growth and development.
FAQ
What is the market cap of Comstock Metals (CMMMF)?
The market cap of Comstock Metals (CMMMF) is approximately 433.5K.
What is Comstock Metals Ltd. (CMMMF) focused on currently?
Comstock Metals Ltd. is currently focused on identifying new opportunities for growth and development.
What recent financial transaction did the company engage in?
The company recently borrowed $210,000 to exercise rights in MAS Gold Corp.
How many common shares did Comstock Metals Ltd. receive in MAS Gold after selling its project in Saskatchewan?
Comstock Metals Ltd. received 27,775,000 common shares in MAS Gold after selling its project in Saskatchewan.
What was the reason for the company's exchange listing being transferred to the NEX board of the TSX Venture Exchange?
The company's exchange listing was transferred due to an inability to maintain the requirements for a TSX Venture Exchange Tier 2 company.
What is the trading symbol for Comstock Metals Ltd. after the transfer to the NEX board?
The trading symbol for the company changed from CSL to CSL.H.
Who approved the loan transactions related to Comstock Metals Ltd.?
The loan transactions were approved by the disinterested directors of the Company.
What type of company is Comstock Metals Ltd. (CMMMF)?
Comstock Metals Ltd. is a public company that has transitioned from a mining exploration company to exploring new opportunities.
What is the primary focus of Comstock Metals Ltd. (CMMMF)?
The company is currently focused on identifying new opportunities for growth and development.
What recent transition did Comstock Metals Ltd. undergo?
The company's exchange listing was transferred to the NEX board of the TSX Venture Exchange.
What was the purpose of Comstock Metals Ltd. entering into a loan agreement?
The company entered into a loan agreement to exercise rights in MAS Gold Corp, which management believes is in the best interest of the Company.