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Reedy Lagoon Corporation Ltd T.RLC


Primary Symbol: RDLGF

Metals & Mining Gold
Reedy Lagoon Corporation Limited is an Australia-based mineral exploration company. The Company’s projects include the Nevada Lithium Projects, the Burracoppin Gold Project, and Burracoppin Iron Project. Its Nevada Lithium Projects include Alkali Lake North (ALN), and Clayton Valley (CV), which are located in two large and separate groundwater catchment areas in Nevada, United States of America. ALN comprises 334 placer claims and 157 lode claims, covering 3,908 hectares (9,657 acres). The Burracoppin Gold project is located in the central Wheatbelt of Western Australia roughly midway between Perth and Kalgoorlie on the Great Eastern Highway, Route 94. The Burracoppin Gold project comprises the Lady Janet, Windmills, Shear Luck and Zebra prospects. The Burracoppin magnetite deposit is located half-way between Perth and Kalgoorlie near the town of Burracoppin on the Great Eastern Highway, east of Merredin.


OTCPK:RDLGF - Post by User

Reedy Lagoon Corporation Ltd
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Post by carlxon Nov 20, 2008 8:40am
566 Views
Post# 15598053

We may regret not selling to JFC...

We may regret not selling to JFC...

" TORONTO, ONTARIO--(Marketwire - Nov. 19, 2008) - Royal Laser Corp. (the "Company" or "Royal Laser") (TSX:RLC) has received notice of judgement on a legal matter relating to a former shareholder and option-holder employee of Venture Steel Inc., a subsidiary of Royal Laser. This matter was a result of actions taken by the prior owners of Venture Steel Inc.

The judgement amounts to approximately $4.8 million plus interest of approximately $0.5 million, of which approximately $1.5 million has been held in reserve by the Company. The Company believes that the outcome of the litigation is appealable, on legal grounds, and will launch the appeal process immediately. "





Remember, what happened to Yahoo, when they refused to accept Microsoft's offer. Now they are willing to sell for even less, and no one wants them......

I hope we do not get into the same sinking boat.

carlx

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities