RE:EVIDENCE THAT BUD HAS A PENDING TRANSACTION IN THE MEDICAL 5. Also what indicates that the company is in deep talks of a potential transaction to occur shortly is the resignation of a former director. This director knew the companies direction since Feb. with the change in direction and focus from mining and adding the special medical marijuana advisor.
- announces that the TSX Venture Exchange denied the Company's application for a waiver to temporarily operate with 2 directors
until such time as terms of a transaction are finalized.
Read more at
https://www.stockhouse.com/news/press-releases/2014/03/28/satori-appoints-former-director#1mOpUb4OxSb4eLWD.99
- “the Company may c
onsidering an alternative transaction, the board of directors have decided not to appoint a nominee
-
https://www.stockhouse.com/news/press-releases/2014/03/27/satori-provides-corporate-update#usZ3jH2QUYSMzLMm.99
6. Mr. Walter Henry has an extensive track record. The ability to raise $400 million. A well decorated individual in the investement community
https://ca.linkedin.com/pub/walter-henry/a/55a/aa5
7. Satori Resources stated “Given that the mineral claims for the Tartan Lake Gold Mine project in Flin Flon, Manitoba remain in good standing, and the carrying costs are minimal, the Company is able to retain the Mine for a time when markets are more favourable or a viable transaction can be considered,
and yet simultaneously pursue new opportunities that may be more aligned with current market conditions".
Read more at
https://www.stockhouse.com/news/press-releases/2014/03/27/satori-provides-corporate-update#gk5g2fVGYHVpPVSf.99
4. Satori owns 100% of a mine not far from a Hudson Bay Mining and
Smelting facility in Flin Flon where government-contracted mine-based marijuana grow ops supplied around 20% of the regulated Canadian market before they were shut down in 2009. The reason for the closure was the inability of the growers to agree a long term lease with HBM, and that put around twenty people out of work.
Mine-based grow operations are considered more secure, better protected from accidental propagation in surrounding areas, and easier to control from a climate standpoint than traditional grow operations.
And there are a lot of empty mineshafts around. Perhaps there'll be one less soon.
-We are right next door to an operation which was been grown in a mine-shaft and that was providing 20% of the regulated supply for the Canadian Market. That is HUGE and huge dollars for the grower.
Read more at
https://www.stockhouse.com/news/natural-resources/2014/03/12/satori-resources-v-bud-makes-not-so-quiet-mine-based-medical-marijuana-shift#mXklSxIoDwElroeJ.99