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McChip Resources Inc. (MCS.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.54000.0000 (0.00%)
As of 11:30AM EST. Market open.
Full screen
Previous Close0.5400
Open0.5400
Bid0.4400 x 0
Ask0.5400 x 0
Day's Range0.5400 - 0.5400
52 Week Range0.3900 - 0.5700
Volume2,925
Avg. Volume254
Market Cap3.056M
Beta (5Y Monthly)0.53
PE Ratio (TTM)2.69
EPS (TTM)0.2010
Earnings DateN/A
Forward Dividend & Yield0.02 (3.70%)
Ex-Dividend DateFeb. 18, 2020
1y Target EstN/A
  • GlobeNewswire

    McChip Increases Stake in Taranis Resources Inc.

    TORONTO, Aug. 28, 2020 (GLOBE NEWSWIRE) -- McChip Resources Inc. (“McChip” or the “Company”) (TSX-V:MCS) announces that, on August 25, 2020 it acquired units consisting of 1,000,000 flow-through shares and 1,000,000 flow-through warrants resulting in McChip’s collective holdings of 10,497,000 shares and 6,333,333 warrants in the capital of Taranis Resources Inc. (the “Reporting Issuer”), a TSX-V listed company.  These warrants entitle McChip to purchase flow-through shares of the Reporting Issuer as follows:      (a)    2,000,000 warrants are exercisable at $0.15 per share until September 18, 2020,      (b)    2,000,000 warrants are exercisable at $0.10 per share until August 28, 2021,      (c)    1,000,000 warrants are exercisable at $0.15 per share until August 25, 2022, and      (d)    1,333,333 warrants are exercisable at $0.15 per share until December 29, 2022.Immediately prior to the acquisition, McChip owned 9,497,000 Shares representing approximately 13.36% of the then issued and outstanding Shares. The recent acquisition increases McChip’s position in the Shares of the Reporting Issuer by 1,000,000 Shares to 10,497,000 Shares or approximately 14.26% of the current issued and outstanding Shares of the Reporting Issuer.The securities were acquired by means of a private placement. McChip has acquired the shares for investment purposes, and may acquire further Shares, or dispose of its holding of the Shares, both as investment conditions warrant. The reporting issuer is listed on the TSX Venture Exchange under the symbol “TRO”.About McChip McChip celebrates eighty five years of continual business operations in 2020 Prior to a name change in 1981 the company operated as Madsen Red Lake Gold Mines Limited.  The company is listed on the TSX Venture Exchange and has 5,660,096 common shares issued and outstanding.For further information contact:Edward G. Dumond Corporate Secretary McChip Resources Inc. 416 364-2173Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Certain statements in this news release constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information contained in forward-looking statements can be identified by the use of words such as “are expected”, “is forecast”, “is targeted”, “approximately”, “plans”, “anticipates”, “projects”, “continue”, “estimate”, “believe” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. This news release contains forward-looking information regarding: (i) the expectations relating to whether a transaction will be consummated, including, without limitation, whether conditions to the consummation of the transaction will be satisfied, or the timing for completing the transaction; and (ii) expectations for the effects of the transaction or the ability of the Company to successfully achieve business objectives, including the effects of unexpected costs, liabilities or delays, and if the transaction is completed, the ability of the Company to allocate the net proceeds as stated above. Forward-looking information involves a number of known and unknown risks and uncertainties, which, if incorrect, may cause actual results to differ materially from those anticipated by the Company, including, without limitation, the risks that the transaction as described in the Agreement may not be completed and the parties may be unable to realize on the anticipated benefits of the transaction. Accordingly, readers should not place undue reliance on forward-looking information.For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent management's discussion and analysis, as well as other public disclosure documents that can be accessed under the issuer profile of “McChip Resources Inc.” on SEDAR at www.sedar.com. The forward-looking information set forth herein reflects the Company’s reasonable expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

  • GlobeNewswire

    McChip Resources Inc. Announces Grant of Stock Options

    TORONTO, Aug. 28, 2020 (GLOBE NEWSWIRE) -- McChip Resources Inc. (the “Company”) (TSX-V:MCS) announces that it has granted stock options to a director of the Company to purchase up to 50,000 common shares, in aggregate (“Common Shares”) in the capital of the Company at an exercise price of $0.45 per Common Share, the closing price of the Common Shares on August 26, 2020, expiring on August 26, 2025. The current number of issued and outstanding Common Shares is approximately 5,660,096. The options were granted pursuant to the Company’s incentive stock option plan (the “Plan”), under which a maximum of 560,000 Common Shares are reserved for issuance. Following the grant of such options, a further 160,000 Common Shares will be available for issuance under the Plan.For further information contact:Edward G. Dumond Corporate Secretary McChip  Resources Inc. 289 231 4765Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Certain statements in this news release constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information contained in forward-looking statements can be identified by the use of words such as “are expected”, “is forecast”, “is targeted”, “approximately”, “plans”, “anticipates”, “projects”, “continue”, “estimate”, “believe” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. This news release contains forward-looking information regarding: (i) the expectations relating to whether a transaction will be consummated, including, without limitation, whether conditions to the consummation of the transaction will be satisfied, or the timing for completing the transaction; and (ii) expectations for the effects of the transaction or the ability of the Company to successfully achieve business objectives, including the effects of unexpected costs, liabilities or delays, and if the transaction is completed, the ability of the Company to allocate the net proceeds as stated above. Forward-looking information involves a number of known and unknown risks and uncertainties, which, if incorrect, may cause actual results to differ materially from those anticipated by the Company, including, without limitation, the risks that the transaction as described in the Agreement may not be completed and the parties may be unable to realize on the anticipated benefits of the transaction. Accordingly, readers should not place undue reliance on forward-looking information.For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent management's discussion and analysis, as well as other public disclosure documents that can be accessed under the issuer profile of “McChip Resources Inc.” on SEDAR at www.sedar.com. The forward-looking information set forth herein reflects the Company’s reasonable expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

  • If You Had Bought McChip Resources (CVE:MCS) Stock Five Years Ago, You'd Be Sitting On A 54% Loss, Today
    Simply Wall St.

    If You Had Bought McChip Resources (CVE:MCS) Stock Five Years Ago, You'd Be Sitting On A 54% Loss, Today

    In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...