Share:
Nomad or the
Company ) (TSX:NSR) (OTCQX:NSRXF) is pleased to announce that it has entered into an agreement (the
Agreement ) with Appian Capital Chile SpA, which is a subsidiary of the Appian Natural Resources Funds advised by Appian Capital Advisory LLP (the
Vendor ), to acquire an effective 0.28% net smelter return royalty (the
Royalty ) on the producing Caserones mine located in the Atacama region of Chile (the
Caserones mine ) for a cash consideration of US$23 million as well as the issuance of two million common share purchase warrants of the Company.
Transaction Highlights
Acquisition of a royalty on a major mine operated by Minera Lumina Copper Chile, which is indirectly owned by JX Nippon Mining & Metals Corporation
Dow plunges nearly 475 points; Nasdaq buoyed by late tech gains
The Nasdaq initially appeared headed for a soundly negative session, but big tech found its footing as the day went on
4:10pm: Amazon and Netflix carry Nasdaq to flat
The Dow closed down 474 points, 1.4%, at 34,269. The Nasdaq ended just 12 points lower at 13,389, and the S&P 500 lost 36 points to end at 4,152.
Tech shares stumbled out of the gate, and initially the Nasdaq appeared headed for a negative day, but the index found its footing led by Amazon.com (NASDAQ:AMZN) and Netflix Inc (NASDAQ:NFLX), both of which saw shares gain more than 1%.
Dow plunges nearly 475 points; Nasdaq buoyed by late tech gains
The Nasdaq initially appeared headed for a soundly negative session, but big tech found its footing as the day went on
4:10pm: Amazon and Netflix carry Nasdaq to flat
The Dow closed down 474 points, 1.4%, at 34,269. The Nasdaq ended just 12 points lower at 13,389, and the S&P 500 lost 36 points to end at 4,152.
Tech shares stumbled out of the gate, and initially the Nasdaq appeared headed for a negative day, but the index found its footing led by Amazon.com (NASDAQ:AMZN) and Netflix Inc (NASDAQ:NFLX), both of which saw shares gain more than 1%.
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Inside the Market’s roundup of some of today’s key analyst actions
CIBC downgraded
Organigram Holdings Inc. (OGI-T) to an “underperformer” rating - the equivalent of a sell recommendation - from “neutral”, and was among several brokers that slashed price targets on the cannabis company following disappointing quarterly results.
Organigram said Tuesday it had a net loss of $66.4 million (Canadian) in its fiscal second quarter to Feb. 28, wider than the loss of $6.8 million posted in the year-earlier quarter. Revenue fell to $14.6 million from $23.2 million, missing the Street consensus of $19.1 million. Revenue was hurt by missed sales opportunities as a “significant number” of staff had to isolat
CANADA STOCKS-TSX futures jump on higher fiscal spending hopes, oil boost msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.