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Buchans Resources Distributes Canterra Minerals Corporation Common Shares
MTXMTI(MTX) Newsfile·2024-07-03 06:00

The Canterra Shares being distributed are subject to certain contractual hold periods, with 1/3 being freely tradable immediately, 1/3 being freely tradable on September 28, 2024 and 1/3 being freely tradable on December 28, 2024. In December 2023, Buchans sold certain mineral exploration properties located in central Newfoundland to Canterra, for 24,910,000 Canterra Shares and 128,554,216 exchangeable warrants of Canterra. Buchans holds nickel, copper, cobalt and gold exploration properties in Labrador, an ...