Last C$0.07 CAD
Change Today +0.005 / 8.33%
Volume 8.3K
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As of 3:06 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

american cumo mining corp (MLY) Snapshot

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03/7/14 - C$0.14
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11/13/14 - C$0.03
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american cumo mining corp (MLY) Details

American Cumo Mining Corporation, an exploration stage company, engages in acquiring and developing mineral properties in Canada and the United States. The company primarily explores for gold, silver, copper, and molybdenum. It also operates drilling rigs in the United States. The company was formerly known as Mosquito Consolidated Gold Mines Limited and changed its name to American Cumo Mining Corporation in January 2013. American Cumo Mining Corporation was incorporated in 1979 and is based in Vancouver, Canada.

Founded in 1979

american cumo mining corp (MLY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$120.0K
Compensation as of Fiscal Year 2014.

american cumo mining corp (MLY) Key Developments

American Cumo Mining Corporation Reports Earnings Results for the First Quarter Ended September 30, 2014

American Cumo Mining Corporation reported earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported net gain of $19,003 for this quarter, compared to a net loss of $474,472 in the quarter ended September 30, 2013.

American Cumo Mining Corporation Auditor Raises 'Going Concern' Doubt

American Cumo Mining Corporation filed its Annual on Oct 28, 2014 for the period ending Jun 30, 2014. In this report its auditor, De Visser Gray, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

American CuMo Mining Corporation Delays Receivership Application

American CuMo Mining Corporation announced that on August 1, 2014, at the request of legal counsel for International Energy & Mineral Resources Investment (Hong Kong) Company Limited ('IEMR HK') Supreme Court Judge adjourned the hearing to appoint a receiver-manager for CuMoCo. Legal counsel for IEMR HK applied for an adjournment following the filing by the Company of affidavits that presented substantial evidence that contradicted the affidavits presented on behalf of IEMR HK by Mrs. Fu, the wife of Hongxue Fu, ex-chairman, ex-president, and currently a director of the Company and the controlling person of IEMR HK and by Charles Yuen, ex vice-president and currently a director of the Company. Legal counsel for IEMR HK requested the adjournment in order to obtain an affidavit from Hongxue Fu himself, who is currently in China. The company will continue to defend itself from this lawsuit that IEMR HK filed the same day the voting results were revealed at the shareholder-requisitioned general meeting of shareholders held on July 22, 2014. As a result of Mr. Thomas Conway being elected as an additional director of the company and subsequent motions passed by the new Board of Directors, CuMoCo is proceeding forward with the business of the company and entering into discussions with various groups to arrange necessary financing to fund the activities of the company and to remove the debentures that are being used by IEMR HK in an attempt to appoint a receiver. The company is also investigating possible merger and joint venture opportunities to move the CuMo Project forward.


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