Oskyy it gets even more scary2 years ago Carolyn Casavant (wife of Urban Casavant ex-CEO of CMKM Diamonds who is now being sued by his former company) participated in a private placement with GAI. i think they hired Melvin Oneil to get ready for a HUGE pump and dump on GAI to come here soon. The 2 year warrant period is over and they probably want the PPS over .25 fast to get back above water,,,Melvin Oneil, helped pump the heck out of CMKM,,and will probably be doing the same here soon. 40,000 plus shareholders of CMKX got left holding the bag and are now trying to sue Casavant and his partners to get back some of the money that was looted from us. The lawsuit was filed in Nevada of the United States, u can ready about it on their clerk of court website. All in my opinions. Info about the PP is below:
https://www2.ccnmatthews.com/scripts/ccn-release.pl?/2005/02/07/0207139n.html
GOLDEN ARCH RESOURCES LTD. ("GAI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 7, 2005
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced December 3,
2004:
Number of Shares: 7,000,000 shares
Purchase Price: $0.17 per share
Warrants: 3,500,000 share purchase warrants
to purchase 3,500,000 shares
Warrant Exercise Price: $0.25 for a two year period
Number of Placees: 16 placees
Finder's Fee: (a)70,000 Units, (aa)200,000
Agent's Warrants and $2,000
administration fee payable to
Canaccord Capital Corporation
300,000 shares payable to Carolyn
Casavant
(a) Units are under the same terms
as those to be issued pursuant to
the private placement
(aa) Each Agent's Warrant is
exercisable into one common share
at a price of $0.25 per share for a
two year period
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly.