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Orbite Aluminae trading at $0.99
Edited by : AL CIRCLE
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On Thursday, the top TSX mover was Orbite Aluminae Inc. The stock lost 9.2% and was trading at $0.99 on volume of 3.6 million.
On April 3, the alumina producer filed a preliminary short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada.
The prospectus is not a commitment to undertake any financing but provides flexibility over the normal course of business to fund the company's projects over the 25-month period that it remains effective.
Recently, a Bay Street analyst said a delay in receiving equipment to process minerals into aluminum would result in missed production goals for the company.
On April 3, the alumina producer filed a preliminary short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada.
The prospectus is not a commitment to undertake any financing but provides flexibility over the normal course of business to fund the company's projects over the 25-month period that it remains effective.
Recently, a Bay Street analyst said a delay in receiving equipment to process minerals into aluminum would result in missed production goals for the company.
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