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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Canada Carbon Inc.    CCB   CA1348281025

CANADA CARBON INC.

(CCB)
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Canada Carbon : Closes Red Chris South Royalty Sale with Newcrest Mining Limited for $ 225,000

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09/09/2020 | 10:23am EDT

Canada - Canada Carbon Inc. (the 'Company') (TSX-V: CCB) further to its press release of July 29th, 2020, the Company announces that it has sold its royalty on the Red Chris South Project ('Red Chris') to Newcrest Mining Limited ('Newcrest') (ASX: NCM) for cash consideration of C$225,000.

Newcrest Mining Limited had elected to exercise its ROFR.

Executive Chairman and CEO R. Bruce Duncan remarked, 'We are pleased with the sale of this non-core asset which will provide additional cash that enables us to focus on Canada Carbon's core business of advancing the Miller Project.'

Contact:

Tel: (416) 903-8408

Email: info@canadacarbon.com

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

(C) 2020 Electronic News Publishing, source ENP Newswire


Stocks mentioned in the article
ChangeLast1st jan.
CANADA CARBON INC. -4.08% 0.235 Delayed Quote.235.71%
NEWCREST MINING LIMITED -2.79% 30.71 End-of-day quote.1.52%
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Financials
Sales 2019 - - -
Net income 2019 -0,87 M -0,67 M -0,67 M
Net cash 2019 0,32 M 0,24 M 0,24 M
P/E ratio 2019 -8,90x
Yield 2019 -
Capitalization 27,8 M 21,1 M 21,1 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees -
Free-Float 96,4%
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Managers
NameTitle
Robert Bruce Duncan Executive Chairman, President & CEO
Olga Nikitovic Chief Financial Officer
Greg Lipton Independent Director
Bruce D. Coventry Independent Director
Pieter J. Barnard Independent Director
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