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Last C$0.02 CAD
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As of 10:29 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

themac resources group ltd (MAC) Snapshot

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52 Week High
08/5/14 - C$0.05
52 Week Low
03/10/15 - C$0.01
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themac resources group ltd (MAC) Details

THEMAC Resources Group Limited engages in acquiring, exploring, and developing natural resource properties in the United States. The company explores for porphyry copper, molybdenum, gold, and silver deposits. It owns a 100% interest in the Copper Flat project consisting of 26 patented mining claims, 231 unpatented mining claims, 9 unpatented mill sites, and 16 fee land parcels in contiguous and non-contiguous land parcels and claim blocks located in the Hillsboro Mining district of Sierra County, New Mexico. The company was incorporated in 1997 and is based in Vancouver, Canada.

themac resources group ltd (MAC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$271.1K
Chief Operating Officer
Total Annual Compensation: C$267.6K
Compensation as of Fiscal Year 2014.

themac resources group ltd (MAC) Key Developments

THEMAC Resources Group Limited Enters into Amending Loan Agreement with Tulla Resources Group Pty Ltd

THEMAC Resources Group Limited announced that the company has entered into an amending loan agreement with Tulla Resources Group Pty Ltd. Tulla will increase its loan under the previously amended loan agreement dated July 1, 2014 with THEMAC from its amount of CAD 35,000,000 to CAD 36,600,000. The Tulla Loan is due on demand and accrues interest at a rate of 20% per annum. The advance from Tulla is a related party transaction under TSX Venture Exchange Policy 5.9 because Tulla is a control person of the company. The company is relying on the exemption from the requirement to obtain a valuation on the basis that the Issuer is not listed on a market specified under MI 61-101, and the Company is relying on the exemption from minority shareholder approval provided under MI 61-101 in relation to loans made on commercially reasonable terms which are not convertible into voting or equity securities of the company. The amending agreement was approved by the independent directors of the company.

THEMAC Resources Group Limited Announces Executive Changes

THEMAC Resources Group Limited announced the appointment of Mr. Mark McIntosh as its Chief Financial Officer. Mr. McIntosh is an Australian licensed Chartered Account of 8 years. He joined THEMAC as Chief Financial Officer in October 2014. Concurrently with his position at THEMAC, Mark is the Group Chief Financial Officer of Tulla Group. Prior to joining Tulla Group Mark had in excess of 10 years in public accounting practice, most recently as a Manager at KPMG Australia, providing corporate finance and transaction advisory services. Mr. McIntosh takes over as CFO from Ms. Elena Carnes, who has left THEMAC to pursue other interests.

THEMAC Resources Group Limited Auditor Raises 'Going Concern' Doubt

THEMAC Resources Group Limited filed its Annual on Oct 15, 2014 for the period ending Jun 30, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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