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COMSTOCK METALS LTD - CMMMF STOCK NEWS

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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.

Rhea-AI Summary
Comstock Metals Ltd. will be transferred to the NEX board of the TSX Venture Exchange due to inability to meet TSX Venture Exchange Tier 2 requirements. Trading symbol to change from CSL to CSL.H. No change in name, CUSIP number, or capital consolidation. Company reviewing opportunities to return to TSX-V exchange.
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Rhea-AI Summary
Comstock Metals Ltd. borrows $210,000 to exercise MAS Gold Corp. rights. Comstock will own 47,095,000 MAS Shares. Loan amounts secured by MAS Shares. Repayment through sale of MAS Shares. Related party transactions approved by disinterested directors.
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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.

COMSTOCK METALS LTD

OTC:CMMMF

CMMMF Rankings

CMMMF Stock Data

433.54k
0.68%
Gold
Basic Materials
Link
United States of America
North Vancouver