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: Common Shares
GM Canada to be Sued by Dealerships?
That’s right. GM Canada dealers are suing GM Canada. They are suing to stay in business. The dealerships that are party to the lawsuit received franchise termination notices last May as the automaker approached bankruptcy protection in the United States; a total of 240 North American Dealers were issued these notices.
With their backs against the [...]
Manulife New Stock Issue Creates Financial Fortress
Manulife Financial Corp. (MFC.TO) announced Wednesday that they have sold another $2.5 billion in stock and Donald Guloien, President and Chief Exectutive Officer, describes the move as a creation of “fortress levels of capital.” Just in case you haven’t followed the Manulife storey, here’s a little update:
Only 12 months ago Manulife sold another $2.275 billion [...]
Preferred Shares vs Common Shares: Legal Implications that must be understood before investing.
I recently read a news article written by an investment adviser about the benefits of investing in preferred shares. At first glance this article seems to be extremely accurate, at least from a financial perspective. For example, I presented the ‘bare bones’ of this case to some of my colleagues (investment professionals) and none seemed [...]
Let’s Talk Equity
Let’s Talk Equity
When discussing Equities in North America we are really focusing on stocks. Owning a stock will provide you with partial ownership of whatever company that stock is attached to and will entitle you to certain rights with regard to that company; however, the exact details of the rights given will depend on the [...]
