Selkirk Metals $10,000,000 financing serves to validate Silver Peak's $5,000,000 in work which it performed on the Abott/Wagner claims during the period 1985-1989 (which Richard Somerville forgot to mention in his selectively innaccurate "43-101" report on the same property).
Keeping Them Honest
Mr. Somerville's June 26 2006 "43-101" report also fails to notice that Golden Arch was not in a position to spend any money during 1988 or 1989 as it went through a reorganization during that period, that is, after it had been suspended for 16 months.
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1989-08-11 18:01 ET - Change Name, Roll Back Shares
See New Listing (C-GAI) Golden Arch Resoruces Ltd
Turner Energy & Resources Ltd (TUN)
Pursuant to a special resolution passed June 29 1989, the company has consolidated its capital on a five old for one new basis and has subsequently increased its authorized capital. The name of the company has also been changed from Turner Energy to Golden Arch Resources.
Effective at the opening August 16 1989, the common shares of Golden Arch will be posted and called for trading on the VSE and the common shares of Turner will be delisted.
Capitalization: 10,000,000 shares with no par value of which 1,479,425 shares are issued andoutstanding
Escrow: 127,500
Transfer agent: Montreal Trust Company of Canada
Trading symbol: GAI
Security No: 288455
Cusip No: 38079K 10 1
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1988-03-21 17:51 ET - Cease Trade/Suspend Company
Turner Energy & Resources Ltd
1988-03-21 17:51 ET - Cease Trade/Suspend Company
The company has not paid its 1988 sustaining fee. Accordingly, effective at the opening of trading March 21 1988, trading in the securities of the company will be suspended. The company will not be reinstated for trading until the sustaining fee plus accrued interest has been paid and all statutory and exchange requirements have been met.
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Selkirk Metals closes $10-million private placement
2006-12-19 17:53 ET - News Release
Mr. Gordon Keevil reports
SELKIRK METALS CORP. CLOSES $10 MILLION FINANCING
Selkirk Metals Corp. has closed its previously announced brokered private placement, which was arranged through Sprott Securities Inc. and Pacific International Securities Inc. The agents placed 8.7 million common shares in the capital of the company at a price of $1.15 per common share for gross proceeds to the company of $10,005,000. The agents received a cash commission equal to 6 per cent of the gross proceeds of the offering and broker warrants entitling them to acquire 522,000 common shares, being 6 per cent of the number of common shares sold, at a price of $1.35 per common share, on or before June 19, 2008.
The common shares are subject to a hold period that expires on April 20, 2007.
The company will use the net proceeds from the sale of the common shares for further advancement of the company's Ruddock Creek property and general corporate purposes.
We seek Safe Harbor.
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