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Bullboard - Stock Discussion Forum Alexandria Minerals Corp ALXDF

Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over... see more

GREY:ALXDF - Post Discussion

Alexandria Minerals Corp > Always Read the Fine Print
View:
Post by NextPhase on Feb 14, 2018 6:27pm

Always Read the Fine Print

I'm not sure how I missed this the first time, but I just reread the " Intention to Requisition Shareholder Meeting" sent by EO on Friday.

Link: https://www.stockhouse.com/news/press-releases/2018/02/09/concerned-shareholders-of-alexandria-minerals-announce-intention-to-requisition

Anyway... the first person nominated for this newly proposed BoD is Brian Murray. There are some details in the same press release about Brian Murray that might raise eyebrows.

"Brian Murray was a director of Process Capital Corp when it was ceased traded in May 2012 by the Ontario Securities Commission ("OSC"), the Alberta Securities Commission ("ASC") and the British Columbia Securities Commission ("BCSC") for failing to file certain required financial statements and related filings. The company currently remains cease traded. Mr. Murray resigned from the board of directors of Process Capital Corp. in June 2017. <--!!!

Brian Murray was a director of High American Gold Inc. (now Antioquia Gold Inc.) ("High American") when it was cease traded in August 2002 by the OSC, the ASC and the BCSC for failing to file its annual financial statements and related filings. On March 5, 2008, the OSC issued a full revocation of the cease trade order issued on August 26, 2002 against High American. The BCSC and the ASC also issued full revocations of the cease trade orders previously issued against High American effective March 6, 2008 and March 10, 2008, respectively.

Brian Murray was a director of Explorers Alliance Corp. ("Explorers Alliance") in February 2002 when it had cease trade orders issued against it by the OSC, the ASC and the BCSC for failure to file financial statements. Explorers Alliance currently remains cease traded; however, Mr. Murray resigned from his position as a director in January 2008.

Brian Murray was a director of Leasecor Equipment Finance Inc., a private company, which filed a proposal under the Companies' Creditors Arrangement Act (CCAA) in January 2008 and became bankrupt thereafter."

Thoughts everyone? :-)

NP

Comment by Goodbadandugly on Feb 14, 2018 6:40pm
can you say "defamation" !!
Comment by NextPhase on Feb 14, 2018 6:50pm
If your comment is directed against me, I just copied this text from the actual news release. It maybe something or maybe nothing, but I thought I should share for the benefit of the group. NP
Comment by mystique1 on Feb 14, 2018 7:15pm
Next....you have nothing to worry about.  I would have posted it had I found it first!
Comment by mystique1 on Feb 14, 2018 6:42pm
Next........ good find. between the two of them, they would have bled Azx dry.
Comment by Goodbadandugly on Feb 14, 2018 7:02pm
Exactly correct Mystique!:  In 2016 $12 Million financing, out of that $3 million were spent on exploration for the year and $3 million for running the office!!!  Thats a pretty fast burn out rate!!! As per the last Annual Financial Stmts:   Expenses: Accounting and corporate services 56,786  Corporate development 237,913 !! Director fees (Note 12(b)) 138,552 ! Investor ...more  
Comment by mystique1 on Feb 14, 2018 7:12pm
Goodbad......lol and he wasn't satisfied, he was trying for more! He showed no guilt or embarrassment.
Comment by LRGreturns4me on Feb 14, 2018 6:49pm
NP, I read that and also noted he and Chris Hopkins already serve on three boards together. I was not impressed with the nominations or the move by EO. I do think he was desperate and had long ago lost control. I keep trying to read between the lines on both sides and understand why EO would take that step. Interesting times ahead. LRG
Comment by NextPhase on Feb 14, 2018 6:59pm
That's exactly my perspective. Unfortunately, with so little information, everything is as clear as mud. I still think it's important to stay proactive. I also don't want to seem like I'm hating on EO, because I have invested with AZX for a long time. I think he performed well in a difficult environment, but he also made several mistakes. Like I have already said in previous ...more  
Comment by Currower on Feb 14, 2018 7:30pm
One word. SPROTT
Comment by Hollingerboy on Feb 14, 2018 7:40pm
2 words....Sprott + Agnico Eagle. HB
Comment by easycoder on Feb 15, 2018 12:36pm
This post has been removed in accordance with Community Policy
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