GREY:BPWRF - Post by User
Post by
7034on Jun 14, 2005 8:28pm
241 Views
Post# 9160260
from SEDAR today
from SEDAR today2005-06-14 16:49 ET - SEDAR Audited Annual Financial Statements
MINERAL PROPERTY
During the year, the Company wrote-off its’ investment in a nominal property in India along with
certain corresponding liabilities. The mineral property was owned by an Indian company that was
dissolved during the year. Balaton Power Inc. had previously accounted for its’ purchase of shares
in this now dissolved company as a purchase of assets and assumption of liabilities
The Company is in the process of negotiating an agreement with a Joint Venture Partner, Orissa
Mining Corporation ("OMC") to develop a bauxite deposit in India. These negotiations have not
been completed..