Sunrise Energy Metals Ltd SREMF

RE:Nixonian is this legal.

[Oregonduck]

nookiewookie wrote: The missing RB gold mine?. The team here took over Atacama minerals, your iodine mine, then called it Sirocco mining. They immediately took control of a private company Sirocco gold inc and issued 20 million Atacama shares. Sirocco gold inc isn't a mine, it's quite simply the RB team nothing more. So they gave 20 million Atacamna shares for a paper name which is them. Through Sirocco mining they raised $60 mill to progress the gold side. The next thing we know is the team appear in control of a goldmine company called orca. So do RB therefore own orca in reality.

Is this legal over your way, or did the team shaft Atacama minerals by fraud. I'd love to know your thoughts. Here is a link with some interesting points.

https://www.northernminer.com/news/update-the-red-back-team-returns/1000645581/?&er=NA

Nookie...Your stated chronology of events leading up to the formation of Sirocco Mining is mostly correct. In Dec. 2011, Atacama Minerals raised $60 million subject to the closing of the merger with Sirocco Gold, a private dormant company owned by the former Red Back Mining management. They had intended to use the funds raised in the "blind pool" to acquire the Orca's gold mine in North Sudan. Orca is controlled by Richard Clark & the same Red Back people. However, the announced gold-mine deal was never consummated and it was quietly dropped. The $60 million sat on the books of Sirocco Gold which later changed its name to Sirocco Mining. The funds were depleted following the merger with Canada Lithium in 2014. So, there was never any no gold mine asset on the books. Everything seemed legit. The Lundins are very good at running circles around all their deals under the umbrella of the Lundin Group. Richard Clark and others are just management people employed by the Lundins with lucrative stock options. This business combination or merger with Canada Lithium sucks and smells to high heaven.