March 30, 2017 6:41 AM ET

Metals and Mining

Company Overview of 37 Capital Inc.

Company Overview

37 Capital Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of natural resource properties in Canada. It has a 33% interest in the Extra High property covering an area of approximately 1,077 hectares and is located to the northeast of Kamloops, British Columbia; and a 1/2% gross receipts royalty interest in the lithium mineral properties located in the province of Ontario. The company was formerly known as High 5 Ventures Inc. and changed its name to 37 Capital Inc. in July 2014. 37 Capital Inc. was incorporated in 1984 and is based in Vancouver, Canada.

570 Granville Street

Suite 300

Vancouver, BC V6C 3P1

Canada

Founded in 1984

Phone:

604-681-1519

Fax:

604-681-9428

Key Executives for 37 Capital Inc.

Chief Executive Officer, President, Chief Financial Officer and Director
Age: 70
Total Annual Compensation: C$30.0K
Vice President and Director
Age: 48
Total Annual Compensation: C$30.0K
Compensation as of Fiscal Year 2015.

37 Capital Inc. Key Developments

37 Capital Inc. Announces Management Changes, Effective April 1, 2017

37 Capital Inc. announced that effective as of April 1, 2017, Mr. Bedo H. Kalpakian shall step down as the company's President, CEO & CFO and will remain as a director of the company. In replacement to Mr. Bedo H. Kalpakian, effective as of April 1, 2017 Mr. Jacob H. Kalpakian shall become the President & CEO of the company, and Mr. Neil Spellman shall become the CFO of the company.

310047 B.C. Ltd. Announces Commencement of Civil Claim Against 37 Capital Inc

37 Capital Inc. reports that a notice of civil claim has been filed in the supreme court of British Columbia by 310047 B.C. Ltd. against the company for the sum of $53,024.40 being monies due by the company to 310047 B.C. Ltd. pursuant to an assignment by the company's solicitor Clark Wilson LLP.

37 Capital Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

37 Capital Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net loss and comprehensive loss of CAD 50,133,000 against CAD 70,172,000 a year ago. Basic and diluted loss per common share was CAD 0.02 against CAD 0.07 a year ago. For the nine months, the company reported net loss and comprehensive loss of CAD 205,567,000 against CAD 244,951,000 a year ago. Basic and diluted loss per common share was CAD 0.10 against CAD 0.23 a year ago. Cash used in operating activities was CAD 62,344,000 against CAD 249,186,000 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 19, 2016
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