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Last C$0.05 CAD
Change Today 0.00 / 0.00%
Volume 2.9K
MDN On Other Exchanges
As of 10:14 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

mdn inc (MDN) Snapshot

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08/1/14 - C$0.09
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10/31/14 - C$0.04
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mdn inc (MDN) Details

MDN Inc. is engaged in the acquisition, exploration, and development of mining properties in Tanzania and Canada. The company holds interests in Simba, Ikungu, Ikungu East, and Nikonga projects totaling 473 square kilometers located in Tanzania, East Africam. It also has interests in the Des Méloizes project in the Normetal area; Le Tac, Lac Shortt, and Lespérance projects in the Chibougamau area; Isle-Dieu project in the Matagami area; and Crevier project in the Lac St-Jean region of Québec. The company was formerly known as Northern Mining Explorations Ltd. and changed its name to MDN Inc. in May 2007. MDN Inc. was founded in 1954 and is headquartered in Montreal, Canada.

Founded in 1954

mdn inc (MDN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$128.1K
Compensation as of Fiscal Year 2014.

mdn inc (MDN) Key Developments

MDN Inc. Auditor Raises 'Going Concern' Doubt

MDN Inc. filed its Annual on Mar 27, 2015 for the period ending Dec 31, 2014. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

MDN Inc. Acquires 20 Blocks of High Grade Niobium Claims in Marathon, Ontario

MDN Inc. announced that it has entered into two option agreements dated February 13, 2015 for the acquisition of 100% interest in two properties located in the Thunder Bay Mining Division, 45 kilometers north-west of Marathon, Ontario, known as the Prairie Lake Property and Prairie Lake South Property. The company has the option to acquire an interest of 100% on the Prairie Lake Property by paying an aggregate of CAD 190,000 and issuing a total of 2,850,000 common shares over a four years period. The company must also incur a minimum of CAD 305,000 in exploration over four years. The Prairie Lake Property consists of 210 mineral claims in 16 claim blocks covering 3,360 hectares in the Killala Lake Townships. The company has the option to acquire an interest of 100% in the Prairie Lake South Property by paying an aggregate of CAD 93,000 and issuing a total of 1,300,000 common shares over a four years period. The company must also spend a minimum of CAD 115,000 in exploration over four years. The Prairie Lake South Property consists of 37 mineral claims in 4 claim blocks covering 592 hectares in the Killala Lake Townships. Rock sampling done by the vendor and by the Geological Survey of the Ministry of Northern Development and Mines in Thunder Bay (MNDM) confirmed the occurrences of alkaline rocks which contain niobium assays as high as 1.63% Nb2O5. The samples consisted of grab samples and samples taken from blasted outcrops. Activation Laboratory (Actlabs) from Thunder Bay, an ISO 17025 accredited laboratory, analyzed niobium by XRF on fused borate beads.

MDN Inc. Makes Update on the Exploration Activities on Samaqua Property

MDN Inc. announced to make an update on the exploration activities on its wholly-owned Samaqua property. A minimum of eight holes will be drilled for a total of 1,500m on the previously identified targets. The targets were selected following the results of the high definition airborne magnetic survey and the induced-polarisation geophysical survey. The drilling will be done by Chibougamau Diamond Drilling under the supervision of IOS Services Geoscientifiques from the Saguenay - Lac Saint-Jean region.


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