SearchGold Resources

Welcome to the SearchGold Hub on AGORACOM Searchgold is dedicated to creating wealth by discovering and mining the earth's resources in an efficient and environmentally responsible manner

almost 15 years ago

Has anybody else heard about the 0.05 cent restriction from TSX-V?

almost 15 years ago

I had notification yesterday from Q-Gold .... see below ...

We are reluctantly proposing this consolidation in response to a recently effected change in the TSX Venture Exchange regulations, whereby the Exchange has re-instituted a rule that common share offerings priced below $0.05 are now prohibited. Although the Company's recent trading volume has been noteworthy, there is no guarantee that Q-Gold can sustain a share price at a minimum of $0.05, which may effectively preclude Q-Gold from accessing Canadian public capital markets for its essential North American gold exploration operations, during a period of record gold prices.

So they are going to do a reverse split 20-1.

What's the chances that Searchgold are going to have to do something similar? And every other company with less than a 5 cent share price?