Canadian General Investments: Investment Update - Unaudited Canadian General Investments, Limited Toronto, Ontario, CANADA
TORONTO, Canada, June 03, 2021 (GLOBE NEWSWIRE) Canadian General Investments, Limited (TSX: CGI) (TSX: CGI.PR.D) (LSE: CGI) (CGI) reports on an unaudited basis that its net asset value per share (NAV) at May 31, 2021 was $53.78, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 8.4% and 54.1%, respectively. These compare with the 14.4% and 33.8% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
The Company employs a leveraging strategy, by way of preference shares and bank borrowing, in an effort to enhance returns to common shareholders. As at May 31, 2021, the combined leverage afforded by both forms of leverage represented 15.6% of CGI’s net assets, down from 16.8% at the end of 2020 and 23.6% at May 31, 2020.
BeMetals Corp.: BeMetals Commences 2021 Exploration Program at the Pangeni Copper Project
VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(Frankfurt:1OI.F) (the Company or BeMetals ) is pleased to announce commencement of its 2021 exploration program at the Pangeni Copper Project (Pangeni or the Project or the Property ), located on the western extension of the Central African Copperbelt in Zambia (the Zambian Copperbelt ). This year s primary objective is to expand and vector into higher-grade areas of the two priority copper prospects discovered during the 2019 and 2020 exploration programs, and to test other priority targets on the Property.
John Wilton, President and CEO of BeMetals stated, Given the encouraging results from last year s drilling program, we are very excited to begin accelerated fieldwork with our new partner, Japan, Oil, Gas and Metals National Corporation ( JOGMEC ) at the Pangeni Copper Project. We have two very com
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TORONTO — Blockbuster corporate earnings and economic data couldn t prevent global stock markets from tumbling to end the trading week on renewed COVID-19 concerns and a possible signal that U.S. . . .