Welcome to our dedicated page for Xiana Mining news (Ticker: driff), a resource for investors and traders seeking the latest updates and insights on Xiana Mining stock.
Xiana Mining Inc. (TSXV: XIA.H) is a mineral resource company based in Vancouver, British Columbia. The company focuses on evaluating producing and development stage mineral opportunities. Despite setbacks due to the COVID-19 pandemic in 2020, Xiana has taken steps to reorganize its financial liabilities and seek creditor consent. Xiana's common shares are currently suspended, awaiting reinstatement upon completion of necessary filings, debt settlements, and an application to the Exchange for reinstatement.
Rhea-AI Summary
Xiana Mining Inc. completes transfer of interest in Minera Altos de Punitaqui to Battery Mineral Resources Corp. with BMR now holding 100% ownership. Timothy Moody resigns as a director of the Company.
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FAQ
What is the market cap of Xiana Mining (driff)?
The market cap of Xiana Mining (driff) is approximately 3.5M.
What is Xiana Mining Inc. known for?
Xiana Mining Inc. is known for evaluating producing and development stage mineral resource opportunities.
What were the setbacks faced by Xiana Mining Inc. in 2020?
Xiana Mining Inc. faced setbacks due to the COVID-19 pandemic in 2020, leading to a decline in the copper price and impacted cash flow and profitability.
Why are Xiana Mining Inc.'s common shares currently suspended?
Xiana Mining Inc.'s common shares are suspended due to the Cease Trade Order. Trading will resume once necessary filings, debt settlements, and an application for reinstatement are completed.
What steps has Xiana Mining Inc. taken to reorganize its financial liabilities?
Xiana Mining Inc. has entered into agreements with creditors, sought patrimony protection under Chilean law, and entered forbearance agreements to reorganize its financial liabilities.
What is the focus of Xiana Mining Inc.'s operations?
Xiana Mining Inc. focuses on mineral resource evaluation and opportunities.
Who are the key individuals at Xiana Mining Inc.?
Key individuals at Xiana Mining Inc. include Anton (Tony) J. Drescher, who serves as a Director of the company.
What was the recent transaction involving Xiana Mining Inc. and Battery Mineral Resources Corp. (BMR)?
Xiana Mining Inc. transferred its interest in Minera Altos de Punitaqui to Battery Mineral Resources Corp. (BMR), resulting in BMR holding a 100% ownership interest in MAP.
How has the COVID-19 pandemic impacted Xiana Mining Inc.'s operations?
The COVID-19 pandemic led to a state of emergency in Chile, affecting production cycles and leading to a suspension of material production at Xiana Mining Inc.'s operations.
What is the current status of Xiana Mining Inc.'s financial liabilities?
Xiana Mining Inc. has sought creditor consent, entered into forbearance agreements, and is working towards reorganizing its existing financial liabilities.
When will trading in Xiana Mining Inc.'s securities be reinstated?
Trading in Xiana Mining Inc.'s securities will be reinstated once necessary filings are completed, the Cease Trade Order is lifted, major creditors are settled, and an application for reinstatement is approved by the Exchange.
Xiana Mining Inc.