New Risk • Jun 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.60m market cap, or US$3.32m). Board Change • Apr 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Katie McCormack was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (57% average weekly change). Negative equity (-CA$53k). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.62m market cap, or US$4.08m). New Risk • Apr 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (60% average weekly change). Negative equity (-CA$53k). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.84m market cap, or US$3.49m). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). Aankondiging • Apr 01
Nortec Minerals Corp. announced that it has received CAD 0.605 million in funding Nortec Minerals Corp. announced a non-brokered private placement offering of up to 11,100,000 non-flow-through units at a price of CAD 0.05 per unit for gross proceeds of CAD 555,000 and 769,231 flow-through units at a price of CAD 0.065 per unit, for gross proceeds of CAD 50,000.015; for aggregate gross proceeds of CAD 605,000.015 on March 31, 2026. Each non-flow-through unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share. Each flow-through unit consists of one flow-through common share and one warrant. Each warrant entitles the holder to purchase one non-flow-through common share. Each whole warrant shall have a term of 36-months, subject to acceleration; during the first 18-months after closing, the exercise price of each warrant shall be CAD 0.065 and thereafter CAD 0.11 per common share. In accordance with applicable securities laws, all securities issued are subject to a four month and one day hold period from the date of issuance. The company paid finder's fees and/or commissions in accordance with applicable securities laws and the policies of the TSX venture exchange, totalling CAD 13,500 in cash. Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Director Brad Lazich was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 13
Nortec Minerals Corp. announced that it expects to receive CAD 0.75 million in funding Nortec Minerals Corp. announced a non-brokered private placement offering of up to 7,500,000 units at a price of CAD 0.05 per Unit, for gross proceeds of up to CAD 375,000 with an over-allotment allocation of up to 15% of the Offering and Additionally, the Company will undertake a non-brokered private placement ‘flow-through’ offering, consisting of up to 5,769,230 units at a price of CAD 0.065 per FT Unit, for gross proceeds of up to CAD 375,000 with an overallotment allocation of up to 15% of the total FT Offering on November 12, 2025. Each Unit will consist of one common share and one common share purchase warrant entitling the holder to purchase one additional common share. Each FT Unit will consist of one common share to be issued on a flow-through basis under the Income Tax Act (Canada) and one Warrant entitling the holder to purchase one (non flow-through) common share. Each Warrant shall have a term of 36-months, subject to acceleration. During the first 18-months after closing of the Offering and FT Offering, or any tranche thereof, the exercise price of one full Warrant shall be CAD 0.065 and thereafter CAD 0.11 per common share. In accordance with applicable securities laws, all securities issued under the offerings will be subject to a four month and one day hold period from the date of issuance. Closing of the Offering is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The Company may pay finder’s fees and/or commissions in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Aankondiging • Nov 11
Nortec Minerals Corp., Annual General Meeting, Jan 07, 2026 Nortec Minerals Corp., Annual General Meeting, Jan 07, 2026. Location: british columbia, vancouver Canada Aankondiging • Jan 27
Nortec Announces Drill Program At Sturgeon Lake VMS Project, Ontario, Canada Nortec Mineral Corp. announced exploration drilling is to begin in February at the volcanogenic massive sulphide ("VMS") Sturgeon Lake Copper-Zinc-Lead Project, Ontario, Canada, located adjacent to Glencore Plc's Mattabi Mine site. Drill targeting has been conducted using data received from both a ground Electromagnetic ("EM") survey conducted in Fourth Quarter 2024 and from a 2023 Versatile Time Domain Electromagnetic ("VTEM") survey. Highlights Maiden diamond drill program planned for February 2025. Target Area 1 conductors were first identified by the 2023 VTEM survey and have been further refined by a late-2024 ground-based EM survey. To provided additional targeting confidence, all conductors were derisked via a soil survey that returned up to 125 ppm copper and 131 ppm gold Limited historic drilling in the vicinity of Target Area 1 has returned anomalous gold, copper, zinc and lead values with up to 0. 3% Cu and 0. 9% Zn over 1. 5m and 5. 8 g/t gold and 0. 6% lead over 0. 91 meter. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$263k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$263k free cash flow). Shares are highly illiquid. Negative equity (-CA$28k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.07m market cap, or US$792.4k). Minor Risk Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Aankondiging • Jul 02
Nortec Minerals Corp., Annual General Meeting, Aug 29, 2024 Nortec Minerals Corp., Annual General Meeting, Aug 29, 2024. Location: british columbia, vancouver Canada Aankondiging • Dec 21
Nortec Minerals Corp. announced that it expects to receive CAD 0.15 million in funding Nortec Minerals Corp. announced a non-brokered private placement of up to 4,285,714 units at a price of CAD 0.035 per unit for aggregate gross proceeds of up to CAD 150,000 on December 20, 2023. Each unit shall consist of one common share, which will be issued as a flow-through share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one non flow-through common share at an exercise price of CAD 0.05 until the date that is 24 months following the date of issuance of the warrants. The warrants are subject to an accelerated expiry date, at the company's option, which takes effect when the common shares trade at or above the volume-weighted average price of CAD 0.10 per common share on the TSX Venture Exchange for a period of 10 consecutive trading days commencing four months plus one day after the date of issuance of the warrants. The company may pay finder's fees in accordance with the policies of the TSX-V. The private placement is subject to TSX-V acceptance. Aankondiging • Nov 29
Nortec Minerals Corp. Announces Initial Soil Sampling Results from the 2023 Soil Sampling Program on the Sturgeon Lake VMS Project Nortec Minerals Corp. announced initial soil sampling results from the 2023 Soil Sampling Program on the Sturgeon Lake VMS project. Results from the first of four soil grids have confirmed anomalous copper - zinc - gold and manganese values, coincident with both Magnetic and Electromagnetic geophysical survey results, thereby confirming prospectivity of three high-priority VMS targets in Grid 1 of the 2023 VTEM survey. Soil results on Grid 1 have confirmed the presence of three high-quality VMS targets that all host coincident Magnetic and EM values with each having a depositional geometry. VMS Target 1 hosts a strong correlation between high Cu, Zn, Au, and Mn soil assays in and around two strongly coincident Magnetic and EM anomalies. Limited and shallow historical drilling within the Target 1 area has provided results of 5.8g/t Au, 4.5g/t Ag, 0.64%Pb over 0.9m in historical hole C81-2, thereby confirming that the target is mineralized. VMS Target 2 hosts a significant copper soil anomaly of 2450ppm or 0.245% within a coincident Magnetic and EM anomaly and has never been drill tested. Work on the Northeast copper target is confirming the potential for a new copper-rich VMS discovery in an underexplored part of the Sturgeon Lake camp, namely the central sturgeon assemblage. Five short historic holes have been drilled in the area's >2km strike length and each hole intersected VMS depositional lithologies, alteration and sulphide mineralization, which are characteristic of a copper-rich VMS mineral system. Two holes, C-2 (Ontario Assessment File 52G15NW0042) and H-9 intersected pervasive sections of copper-rich stockwork mineralization (0.16%Cu over 15.2m and 0.34% Cu over 13.4m including 3.1% Cu over 0.3m respectively) on the periphery of the 2023 VTEM anomalies. The Company has recently completed a ground EM survey (results pending) to help define discrete VMS conductors for target refinement in the planned 2024 drill program. The area is fully permitted for drill testing. The 2023 Soil Sampling Program is complete and remaining results are expected in the coming weeks. Board Change • Sep 25
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Interim CEO & Director Mike Malana is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Aug 29
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Interim CEO & Director Mike Malana is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Aug 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Interim CEO & Director Mike Malana is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jul 17
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Interim CEO & Director Mike Malana is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jun 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Interim CEO & Director Mike Malana is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Apr 12
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Interim CEO & Director Mike Malana is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Jan 10
Nortec Announces Drilling At the Kietyonmaki Lithium Project in Finland NORTEC MINERALS CORP. announced drilling at the Kietyönmäki Lithium Project in Finland for which United Lithium Corp. ("ULTH") is the project operator. Highlights Reported by United Lithium Corp. Diamond drilling commenced in September 2022; A 10-hole program is planned with holes averaging 100 meters in length. The program is designed to confirm the current geological knowledge of the project. The objective of the program is to provide sufficient information to model a mineralized body exceeding 500,000 tonnes with grades greater than 1% Li2O. A bedrock surface sampling program of 250 sample points is also to be conducted. Project expansion: an additional 535 hectares have been added to the Kietyönmäki Lithium project, bringing the total land area to 900 hectares. Aankondiging • Dec 02
Nortec Minerals Corp. announced that it expects to receive CAD 0.35 million in funding Nortec Minerals Corp. announced a non-brokered placement of up to 4,666,667 unit at an issue price of CAD 0.075 per unit for gross proceeds of up to CAD 350,000 on December 1, 2022. Each unit consists of one post-consolidation flow-though common share and one-half purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.10 per share for a period of two years from issuance. The Company may pay finders' fees in accordance with the policies of the TSX-V. The Warrants are subject to an accelerated expiry date, at the Company's option, which takes effect when the post-Consolidation Common Shares trade at or above the volume-weighted average price of CAD 0.15 per post- consolidation Common Share on the TSX-V for a period of 10 consecutive trading days commencing four months plus one day after the date of issuance of the Warrants. The transaction is subject to TSX-V acceptance. Aankondiging • Nov 29
Nortec Minerals Corp. Approves the Appointment of Ms. Katie Mccormack as Director Nortec announced that at its Annual General Meeting of shareholder held on November 15, 2022, approved the appointment of Ms. Katie McCormack as Director. Ms. McCormack is a professional Geologist and Director of Corporate Development and Indigeneous Relations for Impala Canada Ltd. ("Impala"), a global platinum group metal (PGM) producer. Previously Ms. McCormack was the Director of Corporate Development (April 2021 to August 2022) and Manager of Corporate Development (July 2020 to April 2021) at Impala. Earlier in her career she was Exploration Manager of Newmont Corporation, a gold mining company (February 2015 to July 2020). Mr. Lazich is a professional geologist with 15 years of base and precious metal exploration experience with major mining companies operating in North America: Teck; Vale; and Glencore. He has been the lead on, and part of multiple teams ascribed with several economic mineral discoveries. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Carlos Jaramillo Munoz is the most experienced director on the board, commencing their role in 2016. Independent Director P. Smith was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Oct 22
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Carlos Jaramillo Munoz is the most experienced director on the board, commencing their role in 2016. Independent Director P. Smith was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Oct 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director P. Smith was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 14
Nortec Minerals Corp., Annual General Meeting, Nov 15, 2022 Nortec Minerals Corp., Annual General Meeting, Nov 15, 2022. Aankondiging • Sep 04
Nortec Minerals Corp. (TSXV:NVT) completed the acquisition of Sturgeon Lake VMS Property and Mattagami River Zinc Property. Nortec Minerals Corp. (TSXV:NVT) agreed to acquire Sturgeon Lake VMS Property and Mattagami River Zinc Property for approximately CAD 7.4 million on June 10, 2022. In a related private placement transaction, Nortec Minerals Corp. Nortec is arranging to raise aggregate gross proceeds of up to $750,000. also announced that in connection with the Transaction, it is arranging a non-brokered private placement to raise aggregate gross proceeds of up to $750,000 through the issuance. The consideration for payment includes an aggregate of 85,000,000 common shares in the authorized share structure of Nortec, $25,000 in cash, an additional $1.5 million in cash upon the completion of a mineral resource estimate by an independent qualified person, as such term is defined in National Instrument 43-101 - Standards of Mineral Disclosure by the Canadian Securities Administrators ("NI 43-101"), and in accordance with NI 43-101 in respect of any of the Properties totaling a minimum of 5 million tonnes of inferred resources; and a further $5.0 million in cash upon the commencement of Commercial Production. The closing of the acquisition is subject to a number of conditions, including due diligence, a non-brokered private placement being completed and obtaining all necessary regulatory approvals, including TSX-V approval. The Company paid finders' fees in cash of $9,000 to Haywood Securities Inc., being equal to 6% of the proceeds realized from the efforts of the finder.
Nortec Minerals Corp. (TSXV:NVT) completed the acquisition of Sturgeon Lake VMS Property and Mattagami River Zinc Property on September 2, 2022. Aankondiging • Sep 03
Nortec Minerals Corp. announced that it has received CAD 0.25 million in funding On September 2, 2022, Nortec Minerals Corp closed the transaction. The company amended the terms of the transaction. The company has issued 25,000,000 units at an issue price of CAD 0.01 per unit for gross proceeds of CAD 250,000 in the transaction. Each Unit is comprised of one share and one share purchase warrant. Each warrant exercisable into one additional share at an exercise price of CAD 0.05 per share until September 2, 2023. The company paid finders' fees in cash of CAD 9,000 to Haywood Securities Inc. in the transaction. All securities issued are subject to resale restrictions under applicable securities laws and, as well, the exchange hold period under the TSXV Policies, which will both expire on January 3, 2023. Board Change • Aug 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director P. Smith was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 16
Nortec Minerals Corp. announced that it expects to receive CAD 0.75 million in funding Nortec Minerals Corp. announced that it will issue up to 25,000,000 units of the Company at a price of CAD 0.01 per unit for gross proceeds of up to CAD 250,000 and up to 25,000,000 flow-through common shares at a price of CAD 0.02 per share for gross proceeds of CAD 500,000 and aggregate gross proceeds of CAD 750,000 on June 14, 2022. Each unit consists of one common share purchase warrant exercisable at an exercise price of CAD 0.05 per warrant. The transaction is subject to approval from TSX Venture Exchange. The company may pay finder's fee with respect to the transaction. Aankondiging • May 14
Nortec Minerals Corp., Annual General Meeting, Jun 30, 2022 Nortec Minerals Corp., Annual General Meeting, Jun 30, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Derrick Weyrauch was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Derrick Weyrauch was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jul 15
Nortec Minerals Corp. announced that it expects to receive CAD 0.35 million in funding Nortec Minerals Corp. announced a non-brokered private placement of up to 14,000,000 units at a price of CAD 0.025 per unit for gross proceeds of up to CAD 350,000 on July 13, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.05 per share for a period of two years from issuance. All securities to be issued are subjected to a four month and one day hold period. The company may pay finder's fees and/or commissions to eligible persons in the transaction. Closing of the transaction is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. Aankondiging • Oct 18
Nortec Minerals Exploration Update, Cottonwood Uranium-Vanadium Project, Southeast Utah Nortec provided additional information for the exploration program on its Cottonwood Uranium-Vanadium Project (the "Cottonwood Property") in Garfield County, Southeast Utah, USA. The Property is located approximately 372 kilometres (230 miles) by road southeast of Salt Lake City, Utah and is situated in the Cottonwood Wash-Trachyte uranium-vanadium district, Henry Mountains Basin. The exploration program is being supervised by Mr. James Rasmussen, BS., CPG., a qualified geologist with several years of experience in this area exploring and developing uranium deposits. He worked as Exploration Manager for Uranium One Americas (Uranium One Inc.) and as Senior Geologist for US Energy Corporation. He also worked as a Research/Development Geologist with Energy Fuels Nuclear Inc. He oversaw their exploration programs for hydrothermal, sediment-hosted and breccia pipe-hosted uranium projects in Utah, Arizona and Colorado. He managed an exploration team that located and developed resources exceeding 20 million pounds of U3O8. Aankondiging • Sep 26
Nortec Minerals Corp. Commences Exploration Program on the Cottonwood Uranium Vanadium Project, Southeast Utah and Provides Update Regarding Tomboko Gold Project in Guinea NORTEC MINERALS CORP. announced that it has commenced an exploration program on its Cottonwood Uranium-Vanadium Project (the "Cottonwood Property") located in Garfield County, Southeast Utah, USA. The Cottonwood Property is located approximately 372 kilometres (230 miles) by road southeast of Salt Lake City, Utah and is situated in the Cottonwood Wash-Trachyte uranium-vanadium district, Henry Mountains Basin. The Phase 1 exploration budget will be approximately US$100,000 and includes but not limited to: Compiling available historical and published scientific data on the documented mineral occurrences and the underground workings; Detailed geological mapping with emphasis on stratigraphy; Radiometric survey including channel sampling of mineral occurrences and anomalous areas; Stratigraphic analysis and interpretation to determine trends of mineralized channels; Track Etch orientation survey to locate any hidden zones; Project management; Permitting for shallow diamond drilling of potential targets; and completing a National Instrument 43-101 ("NI 43-101") compliant Technical Report in respect of the Cottonwood Property. The Company's management and its board of directors believe that this cost-efficient Phase 1 program will facilitate the delineation of targets for diamond drilling. Aankondiging • Aug 07
Nortec Minerals Corp. announced that it has received CAD 0.24045 million in funding On August 5, 2020, Nortec Minerals Corp. (TSXV:NVT) closed the transaction. The company issued 24,045,000 units for gross proceeds of CAD 240,450 in the transaction. Finder's fees will be paid on portions of the Placement in accordance with TSX Venture policies. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction involved participation from 31 placees, including Michael Malana, Chief Financial Officer for 500,000 units, and 5 aggregate pro group involvement for 7,200,000 units. The company paid 1,203,375 units to Haywood Securities Inc. and 150,000 units payable to PI Financial Corp. Aankondiging • Jun 29
Nortec Minerals Corp. Auditor Raises 'Going Concern' Doubt Nortec Minerals Corp. filed its Annual on Jun 15, 2020 for the period ending Dec 31, 2019. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Aankondiging • Jun 18
Nortec Minerals Corp. announced that it expects to receive CAD 0.3 million in funding Nortec Minerals Corp. (TSXV:NVT) announced a non-brokered private placement of up to 30,000,000 units at CAD 0.01 per unit for gross proceeds of up to CAD 300,000 on June 16, 2020. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one half of one common share of the company at CAD 0.05 per share for a period of two years from issuance. All securities to be issued are subjected to a four month hold period. The company may pay finder's fees in the transaction. Completion of the transaction is subject to the approval of the TSX Venture Exchange. 
