Jean-Raymond Boulle’s Spirit Resources SARL takes up 100% of Diamond Field International Ltd.’s (DFI) recent 1 cent private placement. The number of new shares issued to Spirit is 41,907,000. Of what should now be approximately 180 million shares issued and outstanding Spirit show own about 140 million. The company’s 2015 Annual Information Form (AIF) states [...]
Another TSX.V listed Capital Pool Company (CPC) bows to defeat. Red Rock Capital Corp. failed to complete a qualified transaction within the required 24 months and ousted from TSX.V Tier 2 to the NEX platform. Its trading symbol will reflect the fall with a change from RCC.P to RCC.H. The company will now be subject [...]
World Bank cuts its forecast for global growth in 2016. Initially forecast at 3.3% growth, the new forecast has been set to 2.9%. Global growth was 2.4 % in 2015. Big developing economies like China and Brazil have been slowing. Commodities prices have been instrumental in the declines witnessed globally. Developing countries will do better [...]
