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Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

Atlas Salt Inc. is a Canada-based mineral exploration company. The Company is engaged in the evaluation, exploration, development and production of industrial mineral properties in Newfoundland and Labrador. The Company’s principal asset is the Great Atlantic salt deposit project (Great Atlantic Salt Project), located in the St. George Basin of western Newfoundland. Its Gypsum Project is three kilometers (km) southwest of Great Atlantic salt deposit, which is an early-stage and open-pit production from the Ace deposit. Its Nepheline Syenite Property consists of a surface occurrence of nepheline syenite along the southern Labrador highway. The project is located approximately six km from tide water.


TSXV:SALT - Post by User

Comment by Zephyron Dec 15, 2022 1:15pm
163 Views
Post# 35173693

RE:Stay focused...

RE:Stay focused...
twoponds wrote: Just a little tidbit I posted elsewhere ... once the background noise disappears enjoy...

Opencorporates lists the Head Office of TPR as Morton Law in BC. It's in good hands according to their firm profile. Also deal in mergers and acquisitions. Also good to know...wink, wink.
» Firm Profile (mortonlaw.ca)

Head Office Address :: TRIPLE POINT RESOURCES LTD. :: OpenCorporates


I wouldn't get too excited about that. The reason for using the lawyers office address for the head office is because there is no physical office for TPR. This is standard practice for new companies upon creation. As a matter of fact, any shareholder meetings are usually just done around the Boardroom table at the lawyer's office. I'm sure they explicitly didn't want to use the St. John's office in order to keep everything separate and the mind/management will be out West. If they ever do get a physical location, the addy will be changed.

In addition, the firm's experience in M&A is solely from a legal documentation perspective (purchase-sale agreements, capital rasises, debt issuance, etc.). Any potential sale transaction would be done under advice from a M&A firm (the numbers side of the equation) and likely the same one Atlas is currently using. The lawyer's would simply 'paper it over' and advise on potential legal peril in any deal structure.

Lol, I want this to sell fast, too! In the beginning I thought there was a chance but now I think it won't be at least until there is some clarity around who successfully bids on land rights as part of the NL govt's Dec 13-Mar 3rd application process (at a minimum).

I also don't think you are going to see this company listed any time soon.
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