China Mining Resources Group Limited aka “China Mining” recently announced their indirect acquisition of Fortune Minerals Limited (FT.TO). The purchase was conducted by Best Tone Holdings Limited “Best Tone”, which is wholly owned by China Mining. This procurement is a combination purchase of common shares and warrants. Now China Mining holds 15.31% ownership of Fortune [...]
Canadian Stock Talk
Category Archives: Business Sales
Montreal Canadians Sold!
The famed Montreal Canadians hockey team has been sold to the Molson brothers for a reported $575 million. The team’s board of governors approved the sale on Tuesday. The sale includes the iconic team, the Bell Centre arena, and the Gillette Entertainment Group. Geoff Molson will become the chairman and chief executive officer.
George N. Gillett [...]
