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    CCW   CA1348521024

CANADA SILVER COBALT WORKS INC.

(CCW)
Delayed Bourse de Toronto  -  05/20 03:59:59 pm EDT
0.1650 CAD    0.00%
05/10Canada Silver Cobalt Begins Exploration at its Eby-Otto Gold Property Near Kirkland Lake
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05/10Canada Silver Cobalt Begins Exploration at Its Eby-Otto Gold Property near Kirkland Lake
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05/10Canada Silver Cobalt Begins Exploration at its Eby-Otto Gold Property Near Kirkland Lake
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Canada Silver Cobalt Works Inc Enters into an Agreement for Acquisition of 10-Acre (4 Hectare) Property Fronting Highway 11 Near Cobalt, ON

12/07/2021 | 08:11am EDT

Canada Silver Cobalt Works Inc. announced that it has entered into an agreement for an acquisition of a 10-acre (4 hectare) property fronting Highway 11 near Cobalt, ON, that will be used as the central hub for all of the Company's Ontario and Quebec operations for a cash consideration of $604,000. The property houses a 4,000 square-foot, fully serviced warehouse that is currently being leased by the Company and used as its main core processing facility. The access to Highway 11 allows for easy transportation of core, samples, and distribution of Company staff to projects across Ontario and Quebec. The property is located on the power grid and does not require any generators. The location is close to Timiskaming Shores and Cobalt, ON and provides easy access to supplies and amenities for Company staff. The property also contains an extra building. The warehouse has already been converted into a full-service facility that fits the Company's current needs, but will also allow for further expansion as the Company grows. The facility is being used for offices, core logging, sampling, core cutting, and long-term core storage - all located on site. The purchase of the property is subject to approval by the TSX Venture Exchange. The vendor of the property is a company controlled by a family member of one of the directors and officers of the Company. Canada Silver Cobalt expects the closing of the purchase to occur prior to year end.


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Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 33,5 M 26,1 M 26,1 M
EV / Sales -1
EV / Sales 0
Nbr of Employees -
Free-Float 98,6%
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Managers and Directors
Frank J. Basa Chief Executive Officer & Director
Matt Halliday President, Chief Operating Officer & Director
Robert D. B. Suttie Chief Financial Officer
Dianne Tookenay Independent Director
Jacques F. Monette Independent Director
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