Last C$0.04 CAD
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As of 3:28 PM 01/19/15 All times are local (Market data is delayed by at least 15 minutes).

parallel mining corp (PAL) Snapshot

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03/24/14 - C$0.14
52 Week Low
12/23/14 - C$0.03
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parallel mining corp (PAL) Details

Parallel Mining Corp. engages in the evaluation, acquisition, exploration, development, and exploitation of base and precious metal properties in Mexico and Canada. The company holds a 100% interest in the Kains Lake property that consists of 8 claims covering an area of approximately 1657.3 hectares located approximately 20 kilometers to the west of Port Hardy, at the north end of Vancouver Island, Canada. It also owns a 50% interest in the Matehuala property located in Mexico. The company was formerly known as Parallel Resources Ltd. and changed its name to Parallel Mining Corp. in December 2011. Parallel Mining Corp. was incorporated in 2007 and is based in West Vancouver, Canada.

Founded in 2007

parallel mining corp (PAL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

parallel mining corp (PAL) Key Developments

Parallel Mining Corp. Auditor Raises 'Going Concern' Doubt

Parallel Mining Corp. filed its Annual on Sep 23, 2014 for the period ending May 31, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Parallel Mining Corp., Annual General Meeting, Nov 12, 2014

Parallel Mining Corp., Annual General Meeting, Nov 12, 2014., at 11:00 Pacific Standard Time. Location: Suit 804-750 West Pender Street. Agenda: To receive the audited financial statements of the Company for the financial year ended May 31, 2014, the auditor's report and the management's discussion and analysis for the financial year ended May 31, 2014; to fix the number of directors for the ensuing year at four; to elect directors of the Company for the ensuing year; to re-appoint Davidson & Company, Chartered Accountants as auditors of the Company for the ensuing year and to authorize the board of directors to fix the auditor's remuneration; to consider ratify and approve the Advance Notice Policy; to re-approve the 10% rolling stock option plan; and to transact such other business as may properly come before the meeting or at any adjournment.

Parallel Mining Corp. Announces the Resignation of Rahoul Sharan as Member of the Board of Directors

Parallel Mining Corp. announced the resignation of Rahoul Sharan as a member of the board of directors of the Company (the "Board") to focus on other interests. Mr. Sharan has been a member of the Board since April 19, 2007.


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