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Mining & Metals
Swiss Water Gets TSX Approval to Buy Back Up to 650,000 Shares
Swiss Water Decaffeinated Coffee (SWP.TO) after the market close on Monday said the Toronto Stock Exchange approved its normal course issuer bid to repurchase up to 650,000 shares, representing about 9.7% of its public float.The share buyback program will run for 12 months beginning Aug. 20.Shares of the company closed unchanged at C$7.11 on Toronto Stock Exchange.
$SWP.TO
Mining & Metals
Matador Technologies Amends Note Facility to Commit Share of Proceeds to Bitcoin
Matador Technologies (MATA.V) said Monday after-trade a second amendment to a $100 million convertible-note facility with a US institutional investor will allow it to commit to regular Bitcoin purchase.The amendment allows for 10% of the net proceeds of every sale of shares under the facility to purchase Bitcoin within five business days of the end of the calendar month in which the sale settled.Matador's treasury strategy is built on regular accumulation of Bitcoin, and the amendment allows that practice to continue in the company's financing arrangements, a statement said.The company's at the market (ATM) equity program, announced earlier this year, allows Matador to sell up to C$30 million of shares. The ATM operates under Matador's C$80 million base shelf prospectus. The second amendment does not increase the size of the ATM program or of the base shelf prospectus, but preserves Matador's ability to establish ATM offerings or distribution agreements while Notes remain outstanding, the statement added.Matador shares closed unchanged at C$0.025 on the TSX Venture Exchange, a 52-week low.
$MATA.V
Mining & Metals
Taranis Resources Finds Consistent Mineral Enrichment at Thor and Ajax Sites
Taranis Resources (TRO.V) on Monday reported results from a study of by-product metals at the Thor project in British Columbia.The samples were collected from a stockpile of vein material at Thor and adit dumps at the historic Ajax mine across the valley. The same analytical methods were used for both sites, with results showing consistent enrichment of epithermal-style precious and critical minerals at both locations, the company said."The findings of the study strongly indicate further exploration activities between the two historical mine sites and further indicates that a single enrichment event is responsible for the existence of both mineral deposits," the company added.All samples for the Thor project have been delivered to Actlabs in Kamloops, B.C, according to the statement.The company's shares closed up C$0.005 to C$0.13 on the TSX Venture Exchange.
$TRO.V