Century Global Commodities reveals that investee Joyce Direct Iron plans to list on ASX after A$2M financing
JDII owns the Joyce Lake DSO iron ore project in Canada, where Century is listed
Company
TSE:CNT
Century Global Commodities Corporation is primarily a resource exploration and development company with a large portfolio of multi-billion tonne iron ore projects in Canada, mostly discovered by its own exploration team. Century also owns 100% of the Joyce Lake Direct Shipping Ore project, its most advanced project. It has other non-ferrous metals properties under exploration as well as a wellestablished food distribution business in Hong Kong (Century Food).
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JDII owns the Joyce Lake DSO iron ore project in Canada, where Century is listed
The company said it has determined that the best market to spin Joyce to is the Australian Stock Exchange (ASX) given the quality and the liquidity of the exchange, particularly in the iron ore sector
Founder CEO and Chairman Sandy Chim said the speed with which “our flagship Joyce Lake DSO Iron Ore Project delivers ore allows us to catch this price upcycle”
In its fiscal year-end results ending March 31, 2018, the company reported it had C$23.6mln, which included cash and bank deposits.
Shares in Century Metals will be distributed pro rata to shareholders of Century Global, via a dividend-in-kind
Posting third quarter financials, the group said as at December 31, it had C$24.9mln, which included cash, bank deposits
Food sales began in January 2016, when it began generating revenues from initial sales to customers in Hong Kong and sales have been growing since.
The final three months of the year continued a healthy revenue growth trend for the nascent food distribution business
Not many companies can boast a cash pile bigger than their market cap. And as we all know, money provides options and the freedom to choose. Century Global has about C$30mln in cash versus a market cap of C$22mln
Century Global Commodities Corp. on Wednesday said it cut its losses by nearly 20% in the second quarter ended Sept 30 and updated on strides to diversify
Century Global Commodities Corp. and Sandy Chim, president and chief executive officer, have purchased of a total of 1,834,000 ordinary shares in the capital of the company from Champion Iron Mines Ltd, according to a corporate statement on
Century Global Commodities Corporation on Thursday highlighted that depressed market conditions for precious and base metals have created investment opportunities to deliver significant shareholder value