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Stocks in play: Minnova Corp.

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Baystreet.ca
·1 min read
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  • AGRDF

Announced that it has reached a tentative agreement to purchase the power line infrastructure connecting the PL Gold Mine to the Manitoba Electrical grid from Manitoba Hydro. The transaction is expected to close in early January 2021, subject to satisfaction of customary closing conditions. The power line infrastructure consists of a partially refurbished twenty-two kilometer, 3-phase 25kVa power line that connects the existing mine site electric distribution grid the Manitoba Hydro electric grid at a sub-station located at Sherridon MB. The purchase price for power line is $150,000 in cash. Minnova Corp. shares V.MCI are trading up 1 cent at $0.16.

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