Chart Scan – Dec 30, 2024
Chart
Author: TSX Stocks
Chart Scan – Dec 30, 2024
Chart Scan – Dec 30, 2024
ABR.V – Arbor Metals Corp.
AGX.V – Silver X Mining Corp.
BAY.V – Aston Bay Holdings Ltd.
BFM.V – Bedford Metals Corp.
CBR.V – Cabral Gold Inc.
CPAU.V – CopAur Minerals Inc.
CRD.V – Copper Road Resources Inc.
EML.V – Electric Metals (USA) Limited
FG.V – Falcon Gold Corp.
FPX.V – FPX Nickel Corp.
GOT.V – Goliath Resources Limited
GPG.V – Grande Portage Resources Ltd.
LGN.V – Logan Energy Corp.
LSTR.V – Lodestar Metals Corp.
MAI.V – Minera Alamos Inc.
MD.V – Midland Exploration Inc.
ORCL.V – Oracle Commodity Holding Corp.
PA.V – Palamina Corp.
RPX.V – Red Pine Exploration Inc.
TAO.V – TAG Oil Ltd.
TRU.V – TRU Precious Metals Corp.
SOLG.TO – SolGold Plc
TXP.TO – Touchstone Exploration, Inc.
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Disclaimer- By reading our newsletter you agree to the terms of our disclaimer, which are subject to change at any time. Owners and affiliates are not registered or licensed in any jurisdiction whatsoever to provide financial advice or anything of an advisory nature. Always do your own research and/or consult with an investment professional before investing. Low priced stocks are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold us, our editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters, website, twitter, Facebook and chat. We do not advise any reader take any specific action. Our website, newsletter, twitter, Facebook and chat are for informational and educational purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter, twitter, Facebook and on our website may be based on EOD or intraday data. We may be compensated for the production, release and awareness of this newsletter. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. Our emails may contain Forward Looking Statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters, twitter, Facebook our website and chat is believed to be accurate and correct, but has not been independently verified. The information in our disclaimers is subject to change at any time without notice.
We are not held liable or responsible for the information in press releases issued by the companies discussed in these blog. Please do your own due diligence.
Harfang Completes Flow-Through Financing
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Harfang Completes Flow-Through Financing
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Thursday, January 2, 2025
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Chart Scan – Dec 27, 2024
Chart Scan – Dec 27, 2024
AUMB.V – 1911 Gold Corporation
BEW.V – BeWhere Holdings Inc.
BYN.V – Banyan Gold Corp.
CAD.V – Colonial Coal International Corp.
CANS.V – Wildpack Beverage Inc.
CTEK.V – Cleantek Industries Inc.
FAS.V – First Andes Silver Ltd
FL.V – Frontier Lithium, Inc.
GSVR.V – Guanajuato Silver Company Ltd.
KRY.V – Koryx Copper Inc.
LIT.V – Argentina Lithium and Energy Corp.
NBY.V – Niobay Metals, Inc.
NOB.V – Noble Mineral Exploration Inc
NRM.V – Noram Lithium Corp.
OGN.V – Orogen Royalties Inc.
QPM.V – Quebec Precious Metals Corporation
RGC.V – Relevant Gold Corp.
SGD.V – Snowline Gold Corp.
SLI.V – Standard Lithium Ltd.
SOMA.V – Soma Gold Corp.
SVE.V – Silver One Resources Inc.
VAU.V – Viva Gold Corp.
Disclaimer:
We have not received any form of compensation for the generation of this blog
Any type of reproduction, copying or distribution of the material in this email is prohibited without a written consent from the site owner.
Disclaimer- By reading our newsletter you agree to the terms of our disclaimer, which are subject to change at any time. Owners and affiliates are not registered or licensed in any jurisdiction whatsoever to provide financial advice or anything of an advisory nature. Always do your own research and/or consult with an investment professional before investing. Low priced stocks are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold us, our editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters, website, twitter, Facebook and chat. We do not advise any reader take any specific action. Our website, newsletter, twitter, Facebook and chat are for informational and educational purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter, twitter, Facebook and on our website may be based on EOD or intraday data. We may be compensated for the production, release and awareness of this newsletter. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. Our emails may contain Forward Looking Statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters, twitter, Facebook our website and chat is believed to be accurate and correct, but has not been independently verified. The information in our disclaimers is subject to change at any time without notice.
We are not held liable or responsible for the information in press releases issued by the companies discussed in these blog. Please do your own due diligence.
Slate Office REIT to rebrand, accelerate management changes
Slate Office REIT (SOT-UN-T) plans to go into 2025 with a new name and a new CEO, as the Toronto-based firm accelerated the termination of its management agreement and announced it would seek to rebrand into Ravelin Properties REIT.
The REIT moved to change the termination date of its agreement with Slate Management ULC from March 30, 2025 to Dec. 31, 2024. Slate will pay $2 million to the management firm, the approximate value of what it owed if the agreement was ended as originally scheduled.
Shant Poladian, who was appointed to the board of trustees in November, was tapped as CEO of the REIT. His role will be effective on or about Jan. 1, 2025.
“Since joining the board, Shant has been actively involved in guiding the REIT through the management internalization process,” George Armoyan, chair of Slate’s board of trustees, said in a release.
“While there is important work ahead of us, we are confident that Shant is well suited to lead the internal team going forward, and execute on the REIT’s new strategic direction.”
Slate’s renaming to Ravelin is expected to be effective Dec. 31, alongside its Toronto Stock Exchange ticker changing from SOT.UN to RPR.UN. Three of its publicly traded debentures will also be listed.
Slate’s messy 2024
The shake-up represents the latest development in Slate’s troubled 2023 and 2024.
In late 2023, Slate announced a Portfolio Alignment Plan to lighten its debts, which involved selling assets which represent about 40 per cent of its gross leasable area and amending its declaration of trust to raise the ceiling on its allowable debt.
The company was saddled by over $1 billion in debt, and received notices of default for its revolving credit facility in June. Slate was selling its assets and saving cash to pay down its debt which ballooned from a mix of declining property values, higher office vacancy rates and elevated interest rates.
Then in October, brothers Blair and Brady Welch, two of the founding members of the REIT and the leadership of Slate Management ULC, resigned from the board after it was announced Slate was looking to end its external management agreement.
The Welches and Armoyan’s company G2S2 Capital Inc., the largest shareholder of Slate, were locked into a dispute over years of alleged underperformance by Slate’s management team.
In its Q3 financials, Slate said it completed approximately $103 million in dispositions as of Nov. 7, with examples of completed sales such as 570 Queen St. in Fredericton for $5.2 million, 114 Garry St. in Winnipeg for $14.3 million, and Woodbine & Steeles Corporate Centre in Toronto for $39 million.
The company operated at a net loss of $182 million as of Sept. 30, with approximately $1.4 billion in assets and $1.1 billion in total debt.
Its global portfolio of properties in Canada, Ireland and the U.S. numbered at 44 as of Sept. 30.
Slate’s new leadership
Poladian, a professional accountant with over two decades of experience in real estate and finance, will hold his new position at Slate alongside his roles as managing director of Springhurst Capital Corp. and member of the board of trustees at Killam Apartment REIT. He is also a corporate director at Jo-Jo Capital Canada Ltd. and board trustee of Canna 8 Investment Trust.
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