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Last C$0.12 CAD
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As of 5:00 PM 04/30/15 All times are local (Market data is delayed by at least 15 minutes).

metallum resources inc (MRV) Snapshot

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52 Week High
09/2/14 - C$0.14
52 Week Low
12/8/14 - C$0.06
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metallum resources inc (MRV) Details

Metallum Resources Inc. engages in the acquisition, exploration, and development of precious and base metal properties. The company was formerly known as Young-Shannon Gold Mines Limited and changed its name to Metallum Resources Inc. in July 2008. Metallum Resources Inc. is based in Toronto, Canada.

metallum resources inc (MRV) Top Compensated Officers

Interim Chief Executive Officer and Chief Fin...
Total Annual Compensation: C$42.5K
Compensation as of Fiscal Year 2013.

metallum resources inc (MRV) Key Developments

Metallum Resources Inc. Announces Repayment of Belleville Loan

Metallum Resources Inc. announced that it has received repayment of $1.715 million, in settlement of its $1.5 million loan made to 2390110 Ontario Inc. In addition to interest payments of $135,057 received during the term of the Loan, the company has received a financing fee of $180,000, and a promissory note or $238,262, representing additional interest. The Note bears interest at a rate of 12% per annum, maturing on December 31, 2015. Furthermore, the company received an additional $35,000 as repayment of costs associated with the transaction. To date, aggregate interest and financing fees for this loan have amounted to $553,319, or a return on investment of 29.5% (on an annualized basis) for the 15 months this loan was outstanding. The company is pleased with the return on investment it has been able to achieve for its shareholders.

Metallum Resources Inc., Annual General Meeting, Dec 17, 2014

Metallum Resources Inc., Annual General Meeting, Dec 17, 2014., at 14:00 US Eastern Standard Time. Location: Aird & Berlis LLP, counsel to the Corporation. Agenda: To consider and receive the annual financial statements of the corporation for the fiscal period ended December 31, 2013, together with the report of the auditors thereon; to elect directors of the corporation; to approve the appointment of MNP LLP, Chartered Accountants, as auditors of the corporation for the ensuing year and to authorize the directors of the corporation to fix their remuneration; to consider and, if thought appropriate, pass, with or without variation, a resolution approving the corporation's rolling stock option plan, as more fully described in the accompanying management information circular dated November 17, 2014; and to transact such other business as may properly be brought before the meeting or any adjournment or postponement thereof.

Metallum Resources Inc. Withdraws Joint Venture Agreement with Silver Standard Resources Inc

Metallum Resources Inc. announced that it has decided to withdraw from its option and joint venture agreement with Silver Standard Resources Inc. on the M-18 gold property in Argentina. The company has informed Silver Standard Resources Inc. of its decision and has begun the process of winding down its activities in Argentina.


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