Canasia Industries Corporation V.CAJ

RE: RE: RE: RE: Lets look at the last one

[goofenoff]

Is the opt in to Clone going through or is Canasia left out due to noncompliance?
Its a close call!
Read the full Clone disclosure from the most recent MD&A. Here is the problematic section:

As at December 31, 2010, we have incurred exploration expenditures of $1,495,424 on this property. Our company was to spend $897,964 by December 31, 2010, but due to weather constraints we were short in expenditures by approximately $304,576. The optionor/operator has agreed to extend the work commitment until December 31, 2011. The operator is currently formulating a work program for the summer of 2011. We conducted a flow-through private placement subsequent to March 31, 2011, in order to raise exploration funds to be used towards this property. The development of the

Clone prospect is our foremost focus.

Subsequent to March 31, 2011, it was determined that a vendor billing error resulted in $46,210 in HST being included as exploration costs up to December 31, 2010. This amount has been removed from exploration costs in the current quarter and properly charged as refundable HST. An additional $8,615 was assessed as exploration expenditures on the property, bringing the cumulative total as of March 31, 2011 to $1,457,829.