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MAX MaxRets Ventures Plc

2.25
0.00 (0.00%)
06:59:32 - Realtime Data
MaxRets Ventures Investors - MAX

MaxRets Ventures Investors - MAX

Share Name Share Symbol Market Stock Type
MaxRets Ventures Plc MAX Aquis Stock Exchange Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 2.25 06:59:32
Open Price Low Price High Price Close Price Previous Close
2.25 2.25 2.25 2.25
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Posted at 16/2/2021 18:19 by stu31
Midas Gold Announces Name Change to Perpetua Resources and Approved Nasdaq Listing
16/02/2021 1:15pm

New Name Reinforces Commitment to Idaho

Restoration of Legacy Mining District and Domestic Production of Critical Mineral Antimony

Shares to Begin Trading on Nasdaq on February 18

Management Team Strengthened with Hiring of Jessica Largent and Promotion of Tanya Nelson

BOISE, Idaho, Feb. 16, 2021 /PRNewswire/ - Perpetua Resources Corp. (formerly Midas Gold Corp.) (TSX: MAX) (OTCQX: MDRPF) ("Perpetua Resources" or the "Company") announced today that it has changed its name to "Perpetua Resources Corp." effective February 15, 2021 and the Company's common shares have been approved for listing on the Nasdaq Stock Market ("Nasdaq").

Perpetua Resources Corp. (formerly Midas Gold Corp.) Logo (CNW Group/Midas Gold Corp.)

The Company's common shares will begin trading on the Nasdaq on February 18, 2021 under the symbol "PPTA" and on the Toronto Stock Exchange ("TSX") under the new name at market open on or around February 18, 2021 under the stock symbol "PPTA". As the Stibnite Gold Project (the "Stibnite Project" or "Project") continues to advance through major milestones, the listing on a U.S. stock exchange is a strategic decision to focus the Company's business in the United States and open additional opportunities for American investment.

"Today's approval to list on the Nasdaq points to our growth and readiness to enter the next chapter of bringing the Stibnite Gold Project vision to life," said Laurel Sayer, President and CEO of Perpetua Resources. "The Nasdaq is a premier electronic exchange. Our listing here will allow us greater access to capital, which will help our team move the Stibnite Gold Project from permitting into production. We look forward to connecting with new investors, while delivering value to our long-term shareholders who have supported our vision for years."

The new name "Perpetua Resources" is inspired by Idaho's motto, Esto Perpetua, translated to mean "let it be perpetual", and a reflection of the Company's commitment to doing its part to protect the State of Idaho's vast resources for generations to come. Midas Gold Idaho, Inc., the Company's wholly owned subsidiary, has also updated its name to "Perpetua Resources Idaho, Inc."

"We have always been more than a gold mining company, but you wouldn't have known it by our name," said Sayer. "The name Perpetua Resources better reflects our plan to restore an abandoned mining site, to responsibly develop the critical resources our country needs for a more secure and sustainable future and to be guided by a commitment to Idaho's resources and people. We are proud to enter our next chapter with a name that helps communicate our values and the sustainable future we are working to create for all of us."

The name change not only follows the Company's recent announcement that it has relocated its corporate headquarters to Boise, Idaho, but the name also better aligns with the company's vision and reflects the natural evolution in this next phase of project development. Recent accomplishments include the completion of a successful comment period for the Draft Environmental Impact Statement for the Stibnite Gold Project, release of a positive Feasibility Study, and an agreement finalized with regulators to help address legacy water contamination at the abandoned mining district that will enable the company to begin to restore the site.

The Stibnite Gold Project was designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national energy, defense, aerospace and technology sectors. Recent developments point to antimony playing an important role in renewable energy, including in wind turbines and solar panels, as well as emerging liquid metal batteries needed for large-scale energy storage in the green energy future. The Project is also one of the highest-grade gold deposits in the United States and would provide the resources necessary to fund the much-needed cleanup and restoration of the abandoned Stibnite Mining District. While the name is changing, the people, the project and the commitments made over the last ten years remain the same.

The Company introduced its new name with a video. It can be found here.

The Company has also updated its investor presentation and can be viewed here.

Idaho Team Growing
As Perpetua Resources moves its corporate headquarters to Idaho, it is also growing its team. Jessica Largent has joined the team as Vice President of Investor Relations and Finance. Ms. Largent has held finance leadership roles at Newmont, Turquoise Hill Resources and Rio Tinto and brings more than 15 years of mining industry experience in investor relations, planning, financial reporting and accounting to Perpetua Resources.

"This is a really exciting time for Perpetua Resources as we advance through the final permitting stages following a decade's worth of study work and regulatory review. With a strong team, a critical minerals project and a commitment to mining responsibly, the company has all the right ingredients for long-term value creation," said Largent.

Largent comes to Perpetua Resources after serving as the Vice President of Investor Relations for Newmont, a gold mining company with operations in North America, South America, Australia and Africa. Largent will be responsible for the strategy and leadership of the Company's investor relations and finance efforts, drawing on her extensive relationships and years of finance experience.

The Company has also promoted long-time Idaho employee Tanya Nelson from Human Resources Manager and Corporate Secretary to the Midas Gold Idaho, Inc board to Vice President of Human Resources and Corporate Secretary of Perpetua Resources. Ms. Nelson has worked for the Company since 2012 and throughout that time has taken on more responsibility as the team has grown. Having more than 15 years of experience in accounting and human resources, Ms. Nelson is also an Idaho native and has lived in Valley County, where the Project is located, since 1998.

"I am passionate about working to provide job opportunities for rural Idaho and giving people the chance to come back home and start careers that will allow them to support their families," said Nelson. "The people at Perpetua Resources are the strength of this Company and bring our corporate values to life through their actions. Our team cares about the Project but more importantly they care about Idaho, our neighbors and each other. I look forward to continuing to develop the talent that already exists on our team and recruiting the next generation of our workforce to help us bring our project from permitting to operations."
Posted at 27/1/2021 23:28 by stu31
Midas Gold Completes Share Consolidation in Connection with Nasdaq Listing Application
27/01/2021 10:50pm

BOISE, Idaho, Jan. 27, 2021 /CNW/ - Midas Gold Corp. (TSX: MAX) (OTCQX: MDRPF) announces that the Company has consolidated its common shares on the basis of one (1) new post-consolidation common share for every ten (10) pre-consolidation common shares effective as of January 27, 2021 (the "Effective Date") in connection with the Company's previously announced application to list its common shares on the Nasdaq Stock Market. The share consolidation was necessary to meet the minimum share price requirements for trading on the Nasdaq.

"We are excited to announce the completion of our share consolidation today in connection with our application to list on the Nasdaq," said Laurel Sayer, CEO of Midas Gold Corp. "We believe the Nasdaq listing will enable us to attract a broader range of shareholders, gain increased liquidity and deliver long-term value to investors."

The Company's common shares will continue to be traded on the TSX under the stock symbol "MAX" after the Effective Date. The common shares are scheduled to begin trading on a post-consolidation basis on or about January 29, 2021 under the new CUSIP/ISIN numbers 59562B507/CA59562B5071. A letter of transmittal will be mailed to all registered shareholders with instructions on how to exchange their existing share certificates for new share certificates. A copy of the letter of transmittal is also available on the Company's profile on SEDAR and has also been posted on the Company's website. Shareholders who hold their common shares through a securities broker, dealer, bank or other financial institution are not required to take any action with respect to the consolidation and should contact that intermediary for their post-consolidation positions.

For a period of 20 days following the completion of the Effective Date, the Company's trading symbol on the OTCQX will temporarily be changed to MDRPD, following which it will automatically revert to MDRPF.

Following the consolidation, the Company has a total of 47,522,706 common shares issued and outstanding. The exercise price or conversion price, as applicable, of the Company's common shares issuable pursuant to outstanding stock options, warrants and convertible notes will be proportionately adjusted. No fractional common shares will be issued; all fraction shares equal to or greater than one-half resulting from the consolidation will be rounded to the next whole number. Otherwise, such fractional share will be cancelled.

Frequently Asked Questions (FAQ) regarding the consolidation may be found here hxxps://midasgoldidaho.com/news/consolidation
Posted at 27/11/2020 00:45 by stu31
As Rick Rule always says, make sure management is fully aligned with investors, holding stock and not just there for the salary..
Posted at 06/8/2009 17:48 by cambium
Max Property is attempting to make its first acquisition since flotation in May having entered talks to buy a £270m portfolio of industrial properties.

The Aim-listed property company, which became the largest initial public offering in the UK this year after raising £220m, is in negotiations to acquire the 10m sq ft Industrious portfolio of properties out of receivership.

Max Property's investments will be closely scrutinised by the property industry for a reading on the value of distressed real estate.

The company was set up to make opportunistic purchases by two respected property investors: Nick Leslau, the millionaire entrepreneur, and Mike Brown, the former investment head at Helical Bar.

The Industrious portfolio comprises 120 properties. It was valued at more than £530m when it was put into receivership last year, but has subsequently fallen sharply in value.

The debt behind the properties was securitised by Royal Bank of Scotland and analysts expect only the senior bondholders to see returns.

If completed, an Industrious deal would be the first time that a solution has been found for the billions of distressed securitised debt. Many such loans are heading for default owing to breaches of loan-to-value covenants.

The process has been complicated by Ernst & Young, the administrators, which intends to sell some properties through auction next month, which Max needs to pre-empt.

Max Property declined to comment.

Ernst & Young would only say: "There has been interest expressed by a number of parties. We are not in exclusive talks and are proceeding with the auction."

Meanwhile Valad, the Australian property company, has transferred the majority of its UK and European properties into a £1.1bn vehicle half owned by its lender, Bank of Scotland, now part of Lloyds Banking.

With Valad at risk of a breach of covenants, the deal will be seen by the market as a sign that banks are being creative in dealing with problematic loans.

Valad will provide asset management and any profit will pay down debt.

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