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Metalo Manufacturing Inc.

Liste d'échange: 
CSE
Statut: 
Active
Industrie: 
Diversified Industries
Symbole: 
MMI
Indice CSE: 
Devise: 

Metalo is the largest shareholder in the privately owned firm Grand River Ironsands Incorporated (GRI), with a 44.34% ownership of GRIs common shares. Effectively it represents an indirect shareholding in the private company North Atlantic Iron Corporation (NAIC) (project joint venture) of 27.6%. Recent investments in NAIC were at a US$80 million valuation. NAIC is focused on developing a plant to be a low cost producer of a high purity pig iron. The technology will be designed to ensure it reduces emissions normally associated with steel makers. After an investment of nearly $40 million over seven years, the key mission of the project is to become the first major North American producer to supply the domestic steel and foundry markets. The current North American market imports 3-5 million tonnes per annum of pig iron. Metalo, with its substantive shareholding in GRI, and indirectly NAIC, is poised to benefit from the efforts to date in this unique business opportunity.

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Metalo Manufacturing Inc. (MMI)

SEDAR Information

Information d'entreprise

Addresse
311 - 380 Bedford Highway
Halifax, NS B3M 2L4
Canada
Téléphone
1-902-496-7594
Courriel
liz@metalo.ca
URL
http://www.metalo.ca
Date d’inscription à la cote
Jeudi, mars 29, 2012
Relations avec les investisseurs
Liz MacKenzie
Vérificateur
PricewaterhouseCoopers LLP

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Capitalisation

Capitalisation: 
18,139,144
Réservé à l'émission: 
3,450,203

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