RE: Wondering who...familiar ring?... "These allegations remain unproven until such times as they are tested in a court of law.
A set date hearing is scheduled for March 8, 2013 at the Calgary Courts Centre. Dickey said the case is expected to be heard in an Alberta provincial court.
As noted by Short Report, regulatory filings say Bucci is a self-employed business consultant with Ox Financial Corp., a company that owned 41% of Coastal Pacific, while sharing the same business address as the junior at 927 Drury Avenue, N.E. Calgary.
Bucci, who according to company filings, is Ox’s sole shareholder, was named Coastal Pacific’s chief executive officer, chief financial officer, director and secretary on August 26, 2010, following a change of control.
Regulatory filings say Bucci became the company’s CEO after Coastal Pacific issued 39 million shares to Ox to settle an $184,413 debt in June, 2010.
Following a 2.5 for one stock split, Ox received an additional 55.3 million shares in June, 2010, raising its total holdings to 92.2 million shares, or 41%.
Meanwhile, regulatory filings show that Coastal Pacific has generated zero revenue since its inception under the Business Corporations Act of Alberta in March, 2007. In the year ended April 30, 2012, the company posted a net loss of $391,069 or $0.00 per share.
That compared to a year earlier loss of $2.9 million or $0.01.
“Since our inception, we have been an exploration stage company engaged in the identification, acquisition, and where feasible, the exploration of mineral properties,’’ the company said in a recent regulatory filing.