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Bullboard - Stock Discussion Forum Arctic Star Exploration Corp ASDZF


Primary Symbol: V.ADD

Arctic Star Exploration Corp. is a natural resource company. It is engaged in the acquisition, exploration, and development of mineral properties. Its projects include Diagras Diamond Project, Timantti Diamond Project, and Stein Diamond Project. The Diagras Diamond Project is located in the north-eastern part of the prolific Lac de Gras kimberlite field, approximately 22 kilometers (km) north... see more

TSXV:ADD - Post Discussion

Arctic Star Exploration Corp > so the 300kCad will be used to do the following ?
View:
Post by Bigoil2113 on Oct 17, 2023 4:57pm

so the 300kCad will be used to do the following ?

Among other costs, the company will use the proceeds from the offering as follows: (i) 18 per cent will be used to pay legal expenses; (ii) 14 per cent will be used to pay accounting expenses, including an officer of the company; (iii) 10.6 per cent will be used to pay for geological services, including to a director of the company; (iv) 13.3 per cent will be used to pay for consulting work; and (v) 33.3 per cent will be used for general working capital. Other than as disclosed above, there are no payments to non-arm's-length parties or to any persons conducting investor relations activities

what a disaster PP and BD are: Both are scam artists 
Comment by Bigoil2113 on Oct 19, 2023 3:26pm
is it even legal what management is doing?  musing the 300k cad to pay for geological services including a DIRECTOR????? i assume that Buddy will get paid the portion he lost when he claimed an insider purchase.  I assume the accounting expenses being covered with the 300kcad along with an officer being paid is as greasy as it gets .  i'll be investigating this one a lot closer ...more  
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