Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

BRIEF-GrowMax Determines To Refocus Its Business Operations From A "Mining Issuer" To An "Investment Issuer"

Published 2019-07-11, 11:39 a/m
Updated 2019-07-11, 11:40 a/m
BRIEF-GrowMax Determines To Refocus Its Business Operations From A "Mining Issuer" To An "Investment Issuer"

July 11 (Reuters) - GrowMax Resources Corp GRO.V :

* GROWMAX MAILS CIRCULAR SEEKING SHAREHOLDER APPROVAL OF CHANGE OF BUSINESS AND RETURN OF CAPITAL TO SHAREHOLDERS

* GROWMAX RESOURCES CORP - COMPANY DETERMINED TO REFOCUS ITS BUSINESS OPERATIONS FROM A "MINING ISSUER" TO AN "INVESTMENT ISSUER".

* GROWMAX RESOURCES - IN CONNECTION WITH PROPOSED COB, INTENDS TO ADOPT INVESTMENT POLICY TO GOVERN ITS INVESTMENT ACTIVITIES AND INVESTMENT STRATEGY

* GROWMAX RESOURCES - IN CONNECTION WITH PROPOSED COB, BOARD DETERMINED THAT CO HAS EXCESS CAPITAL TO WHAT IS REQUIRED TO EFFECT CURRENT PLANS FOR CO

* GROWMAX RESOURCES - BOARD IS OF VIEW THAT IT WOULD BE APPROPRIATE TO CONTINUE CO AS A BRITISH COLUMBIA CO FOR CORPORATE AND ADMINISTRATIVE REASONS

* GROWMAX RESOURCES - BOARD PROPOSES DISTRIBUTING EXCESS CAPITAL IN CASH TO SHAREHOLDERS AT $0.03 DISTRIBUTED FOR EACH SHARE HELD, TO AGGREGATE OF $6.4 MILLION

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.