Re: Teck Lindsay on Oil Sands

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

youngmoney

Rank: Treasurer [?]

Points: 8367 [?]

Votes: 128 Score: 2.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Teck Lindsay on Oil Sands

posted on May 26, 2020 03:38PM

8. RELATED PARTY TRANSACTIONS

Copper Fox

During the three months ended January 31, 2020, legal fees of $9,457 (January 31, 2019 - $3,304) were paid to Farris, Vaughan, Wills & Murphy LLP (“Farris”). As at January 31, 2020, included in accounts payable to Farris was $8,217 (October 31, 2019 - $Nil). One of the partners at Farris’ is a member of Copper Fox’s Board.

Prior to the completion of the Private Placement announced on February 13, 2020 , a related party shareholder advanced $100,000 to the Company as part of its private placement subscription which closed on March 26, 2020. On the closing of the private placement, the shares were issued to this related party shareholder on the same terms as all of the other parties who participated in the placement. As of January 31, 2020, this amount was included in accrued liabilities on the financial statements.