Fleck aims for TSE listing by new year

Progress is being made towards a listing on The Toronto Stock Exchange, reports Fleck Resources, President John McGoran.

Indeed, this listing is scheduled to take place in January, 1987, concurrent with a sizeable financing under the sponsorship of a national brokerage house, he adds.

Right now the company trades on the Vancouver Stock Exchange at about the $4.30 level.

For the six months ended July 31, the company’s cash and short- term deposits stood at $1.05 million, up from $205,464 posted in the same period a year ago.

The company recently signed a letter of intent with Teck Corp. (N.M., Sept 29/86) which gives the latter the right to place Fleck’s platinum group metals deposit near Marathon, Ont. into production with Fleck retaining a 50% net profits interest.