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Canadian GoldCamps Corp. (SMATF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.45950.0000 (0.00%)
At close: 08:56AM EST
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Trade prices are not sourced from all markets
Previous Close0.4595
Open0.0428
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.4595 - 0.4595
52 Week Range0.4595 - 2.1380
Volume500
Avg. Volume11
Market Cap2.667M
Beta (5Y Monthly)0.00
PE Ratio (TTM)4.99
EPS (TTM)0.0920
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Canadian GoldCamps Announces AGSM Results and Provides Update on Asset Sale to MegumaGold

    TORONTO, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Canadian GoldCamps Corp. (formerly, Supreme Metals Corp.) (“Canadian GoldCamps”, or the “Company”) (CSE: CAMP) (FSE: A68) is pleased to announce that all matters submitted to the shareholders for approval as set forth in the Company’s Notice of Meeting and Information Circular, both dated January 5, 2021, were approved unanimously with 100% of the votes cast in favour of all matters put forth at the Company’s Annual General and Special Meeting (the “Meeting”) held on Friday, January 29, 2021. Pursuant to the previously announced asset purchase agreement dated January 4, 2021 (the “Agreement”, see press release dated January 6, 2021) Canadian GoldCamps will sell to MegumaGold Corp. (“MegumaGold”) all of its Canadian assets and the associated working capital in exchange for securities of MegumaGold (the “Transaction”), that it intends to distribute directly to its shareholders. The Transaction sees substantially all of Canadian GoldCamp’s assets transferred to MegumaGold. The closing of the Transaction remains subject to the completion of all applicable documentation to affect the transfer of the Canadian assets to MegumaGold. Upon completion of the Transaction, the Company will focus on its interest in South America. The sale price for the Company's Canadian assets will be comprised of 1.1 shares of MegumaGold for each one (1) issued and outstanding share of Canadian GoldCamp as of November 16, 2020 (the “Exchange Ratio”). In addition, all outstanding options and warrants of Canadian GoldCamps that have not been duly exercised prior to the closing of the Transaction (the “Closing Date”) will be exchanged for options and warrants, as the case may be, of MegumaGold, after giving effect to the Exchange Ratio and otherwise on the same terms and conditions as were applicable to such options and warrants immediately before the Closing Date. Securities which are distributed to Canadian GoldCamps’ shareholders will be subject to a total of a four-month and one-day hold period from the date of closing of the transaction. The Company also advises that Ms. Vicki Rosenthal resigned in advance of the Meeting; the Company wishes to thank Ms. Rosenthal for her contributions to the Company and wishes her well with her other endeavours. Canadian GoldCamps interim CEO Brendan Purdy commented: “The synergies between the MegumaGold and the GoldCamps assets creates a unique situation for investors through a consolidated Atlantic Canadian portfolio with real exposure to three growing gold districts in Nova Scotia, New Brunswick and Newfoundland. All three of the jurisdictions have recently seen major discoveries and development work which has lead to a rejuvenation of gold mining and exploration on the east coast of Canada. The combined assets compliment one another in building the critical mass necessary for accretive entry into emerging gold camps across eastern Canada.” About Canadian GoldCamps Corp.Canadian GoldCamps is a Canadian based exploration company focused on acquiring prospective properties and making new gold discoveries in established gold camps in Canada, focusing on Ontario and Quebec. With a long history of mining, excellent infrastructure and a rich geological environment, the superior geologic province in Ontario and Quebec is one of the best places globally for discovering world-class deposits. For further information, please contact: Canadian GoldCamps Brendan Purdy, Interim CEOTel: 604-687-2038 Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. There is no assurance the private placement, property option, change of board or reinstatement of trading referred to above will close on the terms as stated, or at all. The Company disclaims any intention or obligation to revise or update such statements.

  • GlobeNewswire

    Canadian GoldCamps Issues Corporate Update

    TORONTO, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Canadian GoldCamps Corp. (formerly, Supreme Metals Corp.) (“Canadian GoldCamps”, or the “Company”) (CSE: CAMP) (FSE: A68) is pleased to announce that it has entered into an agreement to appoint Micon International Limited (“Micon”) to prepare and update the mineral resource estimate and technical report (“Technical Report”) for the Company’s Elm Tree Project located in New Brunswick. Micon will act as an independent Qualified Person and will prepare the Technical Report in accordance with the requirements of the Canadian National Instrument 43-101 (NI 43-101). Elm Tree Project highlights include: * Total property package covering approximately 7,000 acres. * 2010 Micon Preliminary Economic Assessment1 indicating robust IRR at $1,100/oz gold. The Company intends to update this PEA for the historic "Elmtree project". * The current property sits on the majority (265,000 oz) of the NI 43-1011 compliant 294,000 ounces of gold from the historic Elmtree project, which is near surface and includes a higher grade 5 g/t envelope. * Deposit remains open in all directions – a complete digital database of property drill, geochemical, and geophysical data will allow the Company to quickly identify new targets, expand the known zones of mineralization and restart exploration. * 176 drill holes in the property district, 69 completed during 1985-87 and the remaining during 2005-10. * Substantial additional prospective land position acquired in area. * Amenable to open pit mining. * Metallurgical studies completed by SGS and RPC indicate 98% gold recovery on the higher- grade western gabbro zone (WGZ). * Skilled labour force including regional DNR office. * Mining friendly location near City of Bathurst and airport 30 km southeast, paved road access to project, highway and power adjacent to the property.Qualified Persons ReviewThe technical and scientific information contained within this news release has been reviewed and approved by Bob Komarechka, P.Geo., a director of Canadian GoldCamps Corp. and Qualified Person as defined by National Instrument 43-101 policy.References: 1. Murahwi, C., Martin, A. and Godard, M., 2011: Technical Report NI 43-101 on the Mineral Resource Estimate for the Elmtree Gold Property, Gloucester County, New Brunswick Canada, pages 56, 61-62 and 65. 2. Shoemaker, S., Jacobs, C., Cullen, M., 2010: Technical report on Preliminary Assessment of the Elmtree Gold Property, Gloucester County, New Brunswick, Canada. About Canadian GoldCamps Corp.Canadian GoldCamps is a Canadian based exploration company focused on acquiring prospective properties and making new gold discoveries in established gold camps in Canada, focusing on Ontario and Quebec. With a long history of mining, excellent infrastructure and a rich geological environment, the superior geologic province in Ontario and Quebec is one of the best places globally for discovering world-class deposits.For further information, please contact:Canadian GoldCamps Brendan Purdy, Interim CEO Tel: 604-687-2038Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. There is no assurance the private placement, property option, change of board or reinstatement of trading referred to above will close on the terms as stated, or at all. The Company disclaims any intention or obligation to revise or update such statements.