|Bid||0.035 x 0|
|Ask||0.045 x 0|
|Day's Range||0.0450 - 0.0450|
|52 Week Range||0.0300 - 0.0900|
|Beta (3Y Monthly)||-0.04|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
VANCOUVER, British Columbia, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Search Minerals Inc. (“Search” or the “Company”) (SMY.V), is pleased to announce that InCoR Holdings PLC (“InCoR”) has provided the Company CDN $150,000, which the Company will use principally for working capital purposes. The loan is a non-interest bearing demand loan and will be secured by the existing security package given by the Company and its subsidiary in favor of InCoR in connection with the secured convertible debenture issued to InCoR on November 30, 2018, in the amount $850,000. The foregoing constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) because InCoR is a “Control Person” of the Company.
All Shares issued pursuant to the Offering are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Company will use the proceeds of the Offering to incur Canadian exploration expenses as defined in the Income Tax Act on the Deep Fox and other company's properties. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange.
VANCOUVER, British Columbia, Dec. 11, 2018 -- Search Minerals Inc. (“Search” or the “Company”) (TSXV: SMY), is pleased to announce financings of up to $600,000 by way of a.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S..
Search Minerals Inc. (SMY.V) (“Search Minerals” or the “Company”): This press release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the acquisition of securities of the Company by InCoR Holdings PLC (“InCoR” or the “Acquiror”). InCoR announces that, on November 30, 2018, Search Minerals issued to it a secured convertible debenture in the principal amount of $850,000 (the “Debenture”) to refinance and consolidate existing indebtedness owing by the Company to InCoR in the aggregate amount of $850,000. The Debenture has a maturity date of one year from the date of issuance.
VANCOUVER, B.C., Nov. 30, 2018 (GLOBE NEWSWIRE) -- (SMY.V) Search Minerals Inc. (“Search” or the “Company”) is pleased to announce that it has consolidated and refinanced its existing secured debt in the aggregate amount of $850,000 through the issuance of a non-brokered secured convertible debenture (“Debenture”) to InCoR Holdings Plc (“InCoR”). As further announced by news releases dated October 4, 2018, and, November 8, 2018, InCoR has additionally provided funding to the Company in the amounts of $150,000 and $200,000, respectively. The Debenture will have a maturity date of one year from the date of issuance and will bear simple interest at a rate of 15% per annum, calculated and paid semi-annually, in cash or, at InCoR’s option, payable in common shares.
VANCOUVER, British Columbia, Nov. 28, 2018 (GLOBE NEWSWIRE) -- (SMY.V) Search Minerals Inc. (“Search” or the “Company”) is pleased to announce it will receive further research and development (“R&D”) funding totaling $606,537 from the Department of Tourism, Culture, Industry and Innovation (“TCII”) and from the Atlantic Canada Opportunities Agency (“ACOA”) to assist in the refinement and optimization of the Search Minerals Direct Extraction Process. The Direct Extraction Process was the subject of a successful pilot plant program, which was completed in August 2017. The program will further enhance the technology with a focus on equipment design and reliability, impurity management within the rare earth recovery process and improved final product quality. Search will receive $306,537 towards the project from TCII and will receive a $300,000 conditionally repayable contribution from ACOA.