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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Chilean Metals Inc | TSXV:CMX | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.17 | 0.165 | 0.175 | 0 | 01:00:00 |
Carmax currently has 96,339,688 issued and outstanding. After the proposed consolidation, Carmax will have 9,633,968 shares issued and outstanding.
The name change and share consolidation is also subject to TSX Venture Exchange approval.
The recent downturn of the global economic and resulting reduction in global copper consumption and prices has been detrimental to the Company's share price. However, the Board of Directors remain cautiously optimistic that copper demand and prices will improve in the future and will justify the Company continuing with further exploration work on the Eaglehead Property.
The Board of Directors have recently held discussions with several financial analysts and are of the opinion that the proposed corporate reorganizational changes will best enable the Company to raise future funding that will be required to further advance the Eaglehead Property and maintain their interest in the Whiskeyjack Gold Property.
ERNEST S. PETERS, PRESIDENT/DIRECTOR
The Company relies upon litigation protection for "forward-looking" statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Carmax Explorations Ltd. Ernest S. Peters President/Director (604) 408-2212 or Toll Free: 1-888-408-2212 (604) 689-4143 (FAX) Website: www.carmaxex.com
1 Year Chilean Metals Chart |
1 Month Chilean Metals Chart |
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