Last C$0.07 CAD
Change Today 0.00 / 0.00%
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As of 1:22 PM 07/17/14 All times are local (Market data is delayed by at least 15 minutes).

altair gold inc (AVX) Snapshot

Open
C$0.07
Previous Close
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Day High
C$0.08
Day Low
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52 Week High
03/7/14 - C$0.09
52 Week Low
11/27/13 - C$0.03
Market Cap
2.3M
Average Volume 10 Days
20.3K
EPS TTM
C$-0.04
Shares Outstanding
32.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for ALTAIR GOLD INC (AVX)

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altair gold inc (AVX) Details

Altair Gold Inc. engages in the development and exploration of gold in Canada. Its projects include the Kena property that comprises 152 claims units covering 7,609 hectares located south of the Nelson town in southeastern British Columbia; and the Lobstick property, which consists of 32 claims units covering 512 hectares in northwestern Ontario. The company was formerly known as Altair Ventures Incorporated and changed its name to Altair Gold Inc. in September 2012. Altair Gold Inc. was incorporated in 2005 and is headquartered in Vancouver, Canada.

Founded in 2005

altair gold inc (AVX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$162.0K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

altair gold inc (AVX) Key Developments

Altair Gold Inc. Closes $300,000 METC Financing

Altair Gold Inc. announce that it has entered into a loan agreement, general security agreement and promissory note with Espresso Capital Tax Credit II Fund Limited Partnership ("Espresso) for mineral exploration tax credit bridge financing in the principal amount of $300,000 (the "Loan"). Interest will be charged on the outstanding principal amount of the Loan at a rate of 1.59% per month (or 20.84% per annum) calculated and compounded monthly. The Loan is secured by a general security agreement on Altair's assets. In connection with the Loan, Altair agreed to pay cash fees to an arms' length party equal to 4% of the principal amount of the Loan, and a commitment fee to Espresso of 4%. The Loan proceeds will be applied to the Company's cash payment obligations under its Kena Property option agreement with Sultan Minerals Inc. and for working capital needs. The Loan will be repaid from the anticipated METC refund of $413,455.

Altair Gold Inc. Auditor Raises 'Going Concern' Doubt

Altair Gold Inc. filed its Annual on Jul 29, 2013 for the period ending Mar 31, 2013. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Altair Gold Inc. Appoints Feisal Somji as Director to its Board

Altair Gold Inc. appointed Feisal Somji as a Director to its Board. Mr. Somji has over 20 years of experience in the mining industry ranging from grassroots exploration to mine development. He has acted as an officer and director of several public companies involved in diamond, gold, silver, copper, base metal and platinum assets in Canada, Mexico, Brazil, Philippines, Peru, Columbia and Africa. Most recently, Mr. Somji was the founder, President and CEO of Rio Alto Mining Ltd., which achieved commercial production in 2011 at the La Arena gold-copper mine in Peru, at an annualised rate of approximately 150,000 ounces of gold.

 

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