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Inventus Mining Corp V.IVS

Alternate Symbol(s):  GNGXF

Inventus Mining Corp. is a Canada-based exploration company focused on the development of its gold and critical metals projects located east of the world class mining district of Sudbury, Ontario. The Company holds two 100% owned projects, Pardo Gold and Sudbury 2.0 Polymetallic Gold. The Pardo Paleoplacer Gold Project is located in Ontario, Canada, approximately 65 kilometers (km) northeast of the mining district of Sudbury. The Pardo Project consists of a 3.8 square kilometers (km2) block of mineral leases and 180 km2 of mineral claims covering the target paleoplacer geology. The Sudbury 2.0 Project is located east-northeast of Sudbury, Ontario. The property is accessible by road. The Sudbury 2.0 project consists of 240 km2 of mineral claims covering the Temagami Anomaly. It owns a 100% interest in the property. In addition, the Company, through Conquest Resources, holds claims to the east of the Sudbury 2.0 Project Area.


TSXV:IVS - Post by User

Comment by oceanelevenon Jan 26, 2021 1:01pm
154 Views
Post# 32388418

RE:Who is Robert Sidney Miszczuk ???

RE:Who is Robert Sidney Miszczuk ???
 Flag's president, Murdo McLeod has been directly involved in exploration of Flag's Sudbury properties for 28 years, in beginning with the discovery of three small gold deposits, at Wolf and Jess Lake, in Mackelcan Township and in the recent significant exploration results from the airborne magnetic and electro magnetic survey utilizing recent new technology to penetrate below 300 feet to a depth of 2600 feet. Murdo worked alongside Sid Miszczuk through the years, President and Founder of Cooksville Steel in 1952, the owner of 2 steel fabricating plants in Ontario, with Cooksville Steel the major source of financing for Flag for 29 years. At Flag's annual meeting in October 2008, ninety three(93) percent of the shareholder proxy votes voted for re-election of Mr. Miszczuk and Mr. McLeod and fellow directors. However after 20 years of peaceful co-existence with the TSX Venture exchange, successor to the Alberta stock exchange and the Alberta Securities Commission there has been six years of animosity between Flag and the regulatory bodies. Allegations by the Exchange led to the halt trading on Flag shares, on June 24, 2004, on a letter dated June 15, 2004. The shares were delisted on August 23, 2005, based primarily on the allegation that Revenue Canada in assessing Flag $150 000 for failure of Flag's Directors to meet a requirement to pay, in regard to a tax liability of Flag's President, Murdo McLeod, was thereby paying his taxes, which was denied by Revenue Canada. Although Mr. McLeod's assumed payment of $100 000 of the $150 000 assessment, it was subsequently confirmed that there was no failure of Flag Directors to meet a requirement to pay. Flag has requested Revenue Canada to cancel the Requirement to Pay order and refund Flag $50 000. The Alberta Securities commission cease traded Flag's shares on May 19, 2006, for late filing of an annual financial statement, rejecting an application for a month extension to file the statement. On December 28, 2006, Flag applied for the cease trading order to be revoked, as financial statements were up to date. Its application was deferred. In February, 2009, the commission informed the Alberta Minister of Finance that the allegations in the proceedings of the Commission between 2007 and 2008 were for failure of Flag and the President and Chairman of Flag to assure that Flag filed appropriate disclosure information. In regard to these proceedings the Commission has scheduled a hearing before the Commission, for August 23, 2009, seeking an order that Murdo McLeod and Sidney Miaszczuk not be allowed to be Directors of any public corporation and not be allowed to trade in any Securities. In a previous hearing, at the Commission, in which Flag was appealing its delisting from the Exchange, Flag was not permitted to cross-examine any Exchange official, or to call witnesses. The Exchange was allowed to cross examine Mr. Murdo McLeod for a day and a half, the Commission granting the Exchange permission to remove his personal notes. Mr. Sid Miszczuk was also cross examined in detail. During the entire period, there has been no allegation of any personal misconduct, by Mr. McLeod or Mr. Miszczuk, by the Commission or the Exchange. However,on the basis of unproven allegations, Mr. Miszczuk was forced to resign as a Director of a company listed on the TSX, after 18 years of service as a Director. In addition to its belief that the Commission has no just cause for removing the two from the management of Flag, after 29 years or more of service, Flag is concerned that the Commission, by forcing the resignation of Mr. Miszczuk, could force Cooksville Steel Ltd., owed $8,000 000 by Flag, to bankrupt Flag, to protect his financial interest, thereby wiping out the holdings of 2000 share holders in Canada (400 in Alberta) and in the United States. 
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