2003 The year of the Wagner Abott morph
DATE OF REPORT June 20, 2002
With a change in the Board of Directors in June 2001, the Company has shifted its focus from investment in oil and gas properties to mineral resources. The Company is maintaining its 30% interest in the Abbot silver/lead/zinc property located in the Slocan Mining District, 40 miles north of Kaslo, BC. The Company intends to mine the ore when market conditions are favorable.
Dated at Vancouver, BC, this 4th day of June 2002.
On behalf of the Board of Directors,
“Les Kjosness”
President
DATE OF REPORT June 30, 2003
…Slocan/Revelstoke Mining Divisions
The Issuer has 100% registered mineral rights, (excluding coal, petroleum and any gas or gases) to land parcels located in the Slocan and Revelstoke Mining Divisions, subject to agreements allowing joint venture partners to acquire 70% or 85% interest. The properties are not material to the Company; however, the Company is maintaining the properties for assessment by a Qualified Person for potential exploration and development purposes.
…The Company has been advised by the British Columbia Securities Commission (BCSC) that as part of its ongoing program to improve the quality of disclosure provided to investors, the Company’s January 31, 2003 annual financial statements and the Annual Information Form have been reviewed and are required to be amended. The Company has been placed on the BCSC list of Issuers in Default until such time as the amendments to the January 31, 2003 annual financial statements are approved by the BCSC. The Company is addressing the issues and expects to file the amended annual financial
statements next week. The Company’s Annual Information Form expired on June 20, 2003, therefore the Company is no longer eligible to issue shares with a shortened hold period of 4 months. The Company will be filing an updated Annual Information Form addressing the BCSC issues as soon as possible.
“Les Kjosness”
President
HeyRick: Apparently the BCSC investigators missed the Abott Wagner morph. Don't let it happen again.