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VanadiumCorp Resource Inc. V.VRB

Alternate Symbol(s):  VRBFF

VanadiumCorp Resource Inc. and its subsidiaries are engaged in the acquisition, exploration, and development of mineral properties in Canada with a primary focus on the Lac Dore and Iron-T Properties in Quebec that are prospective for vanadium, titanium, and iron. Additionally, the Company is engaged in research in novel hydrometallurgical processes for recovering vanadium, iron, and titanium products from vanadiferous feedstocks such as titanomagnetite concentrates and industrial waste streams.


TSXV:VRB - Post by User

Bullboard Posts
Post by ventureveston Mar 25, 2014 9:37am
92 Views
Post# 22363265

More worth repeating....

More worth repeating.... Karma,   wern't the  Que  and  Golden Darling  in  Pro Minerals

Why dont  you give us a  timeline.....   where  did  these claims  originate?

You are the  one  that  should be  answering  question  , not  asking  them!

How  about  giving  me  back the  $5000  for  my  priority  investment that  never  got  up and  trading....  Me  thinks  that  made it into your  pocket as well.

Can you tell me  why  CMIV and Priority are not on your  discloure information on stockwatch?



Note on CMIV financial.
 
 
 
 
 
Patrick O'Brien, the optionor to our property agreements, controls 52% of our shares and may influence corporate decisions that are inconsistent with the best interest of other shareholders.
 Patrick O'Brien, the sole shareholder and director of Maverick Investment Corporation, controls 52% of our common shares. In accordance with our articles of incorporation and bylaws, Mr. O'Brien is able to control the election of our board of directors and thus could act, or could have the power to act, as our management. The interests of Mr. O'Brien may not be, at all times, the same as that of other shareholders. Since Mr. O'Brien is not simply a passive investor but is also, indirectly, a contractual party as the optionor in the Que and Golden Darling Property Option Agreements, where the Corporation has an option to acquire an 80% interest in the properties, his interests as a contractual party and significant shareholder may be adverse to those of other investors in the shares of our Corporation. Where those conflicts exist, Mr. O'Brien may not exercise powers fairly to our other shareholders. Mr. O'Brien will have the ability to significantly influence the outcome of most corporate actions requiring shareholder approval, including the potential merger with other companies and the sale of all or substantially all of our assets and amendments to our articles of incorporation. This concentration of ownership with Mr. O'Brien may also have the effect of delaying, deferring or preventing a change in control of the Corporation, which may be disadvantageous to minority shareholders.
 Title to the Fenton, Que and Golden Darling claims is registered in the name of Mr. Patrick O'Brien and he may transfer title to third parties without our knowledge.
 The Que and Golden Darling Property Option Agreements only give us a right to acquire the respective claims by fulfilling our obligations under the contract. We cannot absolutely prevent Mr. O'Brien from transferring the claims to third parties without our knowledge. A third party has no way of knowing that we have rights to such claims since ownership is registered in the name of Mr. O'Brien at the applicable Minerals Title Office. If these claims are transferred to third parties we may have to litigate in order to determine our ownership rights. There is no way of knowing if Mr. O'Brien will or has transferred the claims to third parties. Our only protection is our contractual rights under the Que and Golden Darling Agreements. We have beneficial ownership of the Fenton claims but title is not registered in our name. Presently, there are no arrangements to transfer legal title to us.
 

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