RE:Magpie Mines - info taken from financialsIf you take everything this company says as gospel than you are on an indescribable path of fairy stories.
The Magpie Mines was setup in 2007, by Fancamp's own counsel. FACT. It was advised to have the special shares to keep it from unwanted prey and keep it distinct and separate from Fancamp. FACT.
Magpie raised money through flowthrough shares to define the resource. FACT. It was supposed to have become a public company through an IPO in 2012 but due to poor market conditions did not proceed. FACT.
The SDTC grant to promote "green technology" was returned due to many complications arising out of the patent ownership. FACT.
One of the owners of the special shares sold his shares to Fancamp who then cancelled them. FACT.
The remainder special shareholders entered into an agreement woth KWG in July 2023 to move the project forward, to become part of a much larger project. FACT.