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metalex ventures ltd (MTX) Snapshot

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08/1/14 - C$0.14
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metalex ventures ltd (MTX) Details

Metalex Ventures Ltd., an exploration stage company, acquires, explores, and develops mineral properties in Canada and Angola. The company’s principal properties include the Kyle Lake Diamond, Ring of Fire, and Attawapiskat projects located in Ontario; and James Bay Lowlands project located in western Quebec. It also has interests in Wemindji James Bay property located in Quebec, and projects located in Morocco. The company is headquartered in Kelowna, Canada.

metalex ventures ltd (MTX) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: C$5.1K
Chief Financial Officer and Secretary
Total Annual Compensation: C$17.1K
Compensation as of Fiscal Year 2014.

metalex ventures ltd (MTX) Key Developments

Metalex Ventures Ltd., Annual General Meeting, Nov 28, 2014

Metalex Ventures Ltd., Annual General Meeting, Nov 28, 2014., at 13:00 Pacific Standard Time. Location: The Ramada Hotel & Conference Centre. Agenda: To receive and consider the financial statements for the company's fiscal period ended April 30, 2014, the report of the company's auditor thereon, and the related management discussion and analysis; to determine the number of directors to be elected to the Board of the company at four; to elect directors of the company for the ensuing year; to appoint an auditor of the company for the ensuing year; to ratify and approve the continuation of the company's share option plan; and to consider any permitted amendment to or variation of any matter identified in this Notice and to transact such other business as may properly come before the Meeting or any adjournment thereof.

Metalex Ventures Ltd. Auditor Raises 'Going Concern' Doubt

Metalex Ventures Ltd. filed its Annual on Aug 28, 2014 for the period ending Apr 30, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Metalex Ventures Ltd. Provides Update on the Status of the Permitting of the Bulk Sample to Be Collected from the U2 Kimberlite Pipe

Metalex Ventures Ltd. provided an update on the status of the permitting of the bulk sample to be collected from the U2 kimberlite pipe. U2 Permitting Status: The project description prepared to support a Provincial environmental assessment process for the U2 bulk sample was available for comment until February 10, 2014. Metalex was advised by the Ontario Ministry of Natural Resources that an environmental group provided comments including a request that the government conduct a regional environmental assessment that would include project area. The Ontario Ministry of the Environment will now determine whether this request has merit. Metalex has been advised by the government, that this process will not be complete in time for the project to commence during this winter road season. Unfortunately the bulk sample will now be delayed. Metalex continues to work with the Attawapiskat and Marten Falls First Nations to complete an exploration agreement for the proposed bulk sample. Quebec Drill Program: On the Company's claims near the town of Wemindji in Quebec several anomalies have been defined by the recent ground geophysical program which included gravity, magnetic and electromagnetic techniques. These anomalies lie directly up ice of heavy mineral samples which were found to contain G10 garnets and other indicators of diamond inclusion composition. A permit application for the drill program has been submitted and once permission is received the Company intends to commence a core drilling program to test these priority anomalies.


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