Q: Could you please suggest a Gold bullion ETF in CAD - Not a "paper ETF" but an actual physical like PHYS? Thank you.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: can you give me your opinion on this company now and the shorts.
thanks
thanks
Q: How was their Q?
Q: What is meant by 'Charity arrangement' and 'Presidents List' in this news release?
Is this NR positive for shareholders?
Thanks,
KELOWNA, BC, Aug. 1, 2019 /CNW/ - Cantex Mine Development Corp. (the "Corporation" or "Cantex") (TSX-V: CD) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and Leede Jones Gable Inc. (the "Underwriters") in connection with a "bought deal" private placement of an aggregate of 1,588,000 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) ("Flow-Through Shares") for aggregate gross proceeds of C$10 million (the "Offering"). In connection with the Offering; (i) 921,000 Flow-Through Shares will be issued as part of a charity arrangement at an issue price of C$6.52 per Flow-Through Share (the "Charity Issue Price") for gross proceeds of C$6,004,920; and (ii) 667,000 Flow-Through Shares will be issued at C$6.00 per Flow-Through Share (the "FT Issue Price") for gross proceeds of C$4,002,000.
In addition, the Underwriters have been granted an option to sell up to that number of an additional Flow-Through Shares at the Charity Issue Price and/or the FT Issue Price for additional gross proceeds of up to C$2,000,000.
The gross proceeds from the Offering will be used by the Corporation to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Corporation's projects in Canada. All Qualifying Expenditures will be renounced in favour of the subscribers of the Flow-Through Shares effective December 31, 2019.
The Offering is expected to close on or about August 22, 2019 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The Offering is being made by way of private placement in Canada. The securities issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering. The Offering is subject to final acceptance of the TSX Venture Exchange.
The Underwriters will receive a cash commission equal to 6.0% of the gross proceeds of the sale of the Flow-Through Shares, payable on Closing to the Underwriters (other than in respect of sales of Flow-Through Shares to those persons on the "Presidents List" on which the fee shall be 3%).
Is this NR positive for shareholders?
Thanks,
KELOWNA, BC, Aug. 1, 2019 /CNW/ - Cantex Mine Development Corp. (the "Corporation" or "Cantex") (TSX-V: CD) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and Leede Jones Gable Inc. (the "Underwriters") in connection with a "bought deal" private placement of an aggregate of 1,588,000 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) ("Flow-Through Shares") for aggregate gross proceeds of C$10 million (the "Offering"). In connection with the Offering; (i) 921,000 Flow-Through Shares will be issued as part of a charity arrangement at an issue price of C$6.52 per Flow-Through Share (the "Charity Issue Price") for gross proceeds of C$6,004,920; and (ii) 667,000 Flow-Through Shares will be issued at C$6.00 per Flow-Through Share (the "FT Issue Price") for gross proceeds of C$4,002,000.
In addition, the Underwriters have been granted an option to sell up to that number of an additional Flow-Through Shares at the Charity Issue Price and/or the FT Issue Price for additional gross proceeds of up to C$2,000,000.
The gross proceeds from the Offering will be used by the Corporation to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Corporation's projects in Canada. All Qualifying Expenditures will be renounced in favour of the subscribers of the Flow-Through Shares effective December 31, 2019.
The Offering is expected to close on or about August 22, 2019 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The Offering is being made by way of private placement in Canada. The securities issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering. The Offering is subject to final acceptance of the TSX Venture Exchange.
The Underwriters will receive a cash commission equal to 6.0% of the gross proceeds of the sale of the Flow-Through Shares, payable on Closing to the Underwriters (other than in respect of sales of Flow-Through Shares to those persons on the "Presidents List" on which the fee shall be 3%).
Q: Can you advise if there are any etfs which hold actual gold? Thanks. Bill
Q: Can I please get your updated thoughts on this company? Thanks.
Q: Kirkland Lake now down 9% on the day. Were earnings that horrible? What is the growth outlook going forward?
Q: How did the Q look?
Q: which are the best gold stocks etf and mutual funds to buy as well do you think now is the time to invest some money into the commodity?
Q: What is the earnings outlook in these 2 mining companies ? Any balance sheet concerns. Should we continue to hold stock for better days ?
thanks,
thanks,
Q: Q2 results - comments?
Q: Based on the surge in gold and nickel prices is BAR a speculative buy at today's price for a long term hold ? Thank you for this great service ?
Q: Hi 5i team, any comment on Q-earning. Thanks.
Q: Is CEF and CEF.U a good choice as a holding of gold and silver bullion. I realise there are storage costs involved but can you suggest an alternative that also holds the actual metals in storage. Preferably with lower MER than what Sprott collects on CEF at .73%.
An e.t.f. perhaps? Or just go with a solid producer such as AEM and forget bullion.
The maximum 5% holding is for portfolio insurance.
Thank you.
An e.t.f. perhaps? Or just go with a solid producer such as AEM and forget bullion.
The maximum 5% holding is for portfolio insurance.
Thank you.
Q: I notice that Detour Gold has been slowly increasing. What is your view on this? Thankyou.
Frank
Frank
Q: Thanks for your earlier response. Would yu kow how many shares of SSRM will owners of GRG get? Is it worth holding GRG.V.....why the huge drop of 15% ?!
Thx!
Thx!
Q: Can I get your advice on what to do with KNT. I bought in at just under $1 and have made a decent profit so far. I know you should let your winners run. I was wondering if you feel the current valuation is fair or has it over shot a little. I feel that the price of gold maybe responsible for some of the gains and KNT could drop quite a bit if gold reverses.
Q: Gold has gone up a lot and July is gold seasonal strength, would you buy Abx at today's price? Do you think Abx has better value than small caps gold stock ( i own WDO). I know KL and Aem are your favourite gold stocks but they are quite expensive right now. Your thoughts please, thanks
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Radius Gold Inc. (RDU $0.15)
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Riverside Resources Inc. (RRI $0.16)
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First Majestic Silver Corp. (FR)
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Freehold Royalties Ltd. (FRU $13.25)
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Endeavour Silver Corp. (EDR $7.39)
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Three Valley Copper Corp Cl A (SRHI)
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Solitario Resources Corp. (SLR $0.88)
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Goldex Resources Corporation (GDX $0.06)
Q: Good morning. Would you mind ranking, regarding future prospects, the companies listed. Hold or sell advice would be appreciated. I plan on buying KL and AEM with any proceeds.
Q: What are your picks in Junior Golds that can run in this current bullish Gold climate?
I know you like FNV,KL,AEM. But they are larger companies. I am looking at smaller golds, especially ones with good momentum now. ZJG is a good ETF. BUT MER is bit steep at 0.60.
I know you like FNV,KL,AEM. But they are larger companies. I am looking at smaller golds, especially ones with good momentum now. ZJG is a good ETF. BUT MER is bit steep at 0.60.