Major Precious Metals Corp. has provided an update on the latest developments in Greenland with respect to mining and exploration activities and their possible effect on the Skaergaard Project.
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Major Precious Metals” or the “
Company”) (CSE:SIZE | OTC:SIZYF | FRANKFURT:3EZ) wishes to confirm that management is unaware of any material change in the Company’s operations that would account for the recent significant share price depreciation, following the successful report of its 5.5 million palladium equivalent indicated resource and 14.4 million palladium equivalent ounce inferred resource at Skaergaard.
The Company has been informed by its advisors that sophisticated techniques including spoofing, layering, wash trading, manipulation through multiple brokerage houses and the use of aggressive algorithms targeting the bid/offer designed to give the appearance of weakness in the Company’s shares have been utilized in trading in the Company’s securities.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Major Precious Metals Adopts Shareholder Rights Plan
Major Precious Metals Corp.April 27, 2021 GMT
VANCOUVER, British Columbia, April 27, 2021 (GLOBE NEWSWIRE) Major Precious Metals Corp. (“Major Precious Metals” or the “Company”) (CSE:SIZE | OTC:SIZYF | FRANKFURT:3EZ) announces that it has entered into a Shareholder Rights Plan (the “Plan”) with National Securities Administrators Ltd., as the rights agent. The Plan is effective as of April 26, 2021.
The Plan has been adopted to ensure that the Company’s shareholders are treated fairly in the event of a take-over bid for the Company’s common shares and that the Company’s Board of Directors and shareholders will have adequate time to evaluate any unsolicited take-over bid and, if appropriate, to evaluate and pursue other alternatives to maximize shareholder value. The Plan was not adopted in response to any actual or
Major Precious Metals has reported a significant increase in resources at its Skaergaard Project in
Greenland. Platina’s 49 million shares stake in Major has now increased to A$30 million.
Platina Resources Limited’s (ASX:PGM) (OTCMKTS:PTNUF) (FRA:P4R) investment value in Canadian explorer Major Precious Metals (CSE:SIZE) has increased following an increased mineral resource estimate at Major’s Skaergaard Project in Greenland.
Platina’s 49 million shares stake in Major has now increased to A$30 million based on the last traded price of C$0.60 per share.
Skaergaard hosts one of the world’s largest undeveloped gold deposits and one of the largest palladium resources outside of South Africa and Russia.