Regent Ventures Ltd RGVNF

here's another tidbit..

[burntoast]

Acero-Martin owns a 80% interest in the Red Mountain Project which consists of 52 contiguous claims located about 55km northwest of Mayo, Yukon.  The central part of the property contains a large aeromagnetic anomaly, which likely represents a buried intrusive structure. Red Mountain is located within the Tintina Gold Belt adjacent to the Hobo Creek Project recently explored by Regent Ventures Ltd.

Significant gold mineralization was identified at the property during drill programs conducted from 2002 to 2005. The most significant zone is associated with the Jethro Structure, which remains open to the northwest.  Red Mountain is being reviewed for further exploration

The Red Mountain property, located in the Mayo mining district, Yukon Territories, comprises 52 mineral claims. As reported in Stockwatch on June 14, 2004, the company negotiated an option agreement, subject to regulatory approval, to acquire a 50-per-cent interest in the Hobo Creek, Red Mountain, area group of claims (234 claims) owned by Regent Ventures Ltd. The Regent claims adjoin the company's Ice claims immediately to the north and northeast. The acquisition will result in a contiguous claim group comprising 286 claims totalling approximately 5,500 hectares. To date the company has expended approximately $1.3-million in exploration expenditures on the Ice claims. Regent Ventures has expended approximately $2.6-million on its claims to date.

Looks like we're flogging a dead horse here too?

[kenbull1]

Dead horse? What dead horse? There is no dead horse here. I think the confusion surrounds the fact that there was a dead horse (actually TWO dead horses if you consider ASD) here but they have since been refined into violin strings and dog food. So the boys from Haywood have bought $350,000 worth of shares. What could REV possible do with $350k at Red Mtn? Build a ditch? Maybe expand the sidewalk

[Bendit]

Totally agree...unless Wofgang pays out and the $3M goes to Red Mountain (and working capital)

[barabing]

Exactly,  last time haywood was involved with REV, shares went from 4 cents to 90 plus cents in a few months.  

[Monedas1]

Burnt,Acero-Martin defauted on payments and Regent's now owns 100%.  Ed declared then in default.Acero wished to use the money that was to fund an annual drilling program on Red Mountain to fund their Peru exploration work and their failure put them in default of the option agreement.Paperwork available through SEDAR

[Bendit]

Doesn't add up....All recent PP's are flow through shares and must be used in Canada... Ed would have had to annouce a default as a NR as it is a statment of material fact...On a different note, isn't Regent in default on the Louisiana deal as they haven't announced anything by May 15th, the deadline to commence?

[JennyB2]

Naw.If you read the deal closely, it states that there is no default if the "roads" are a problem.Farmer Jones must have left Ol' Bessy standing out in the road again so the drill rig/crew/Gov't Inspectors/insert-your-own-lame-excuse-here, couldn't get out to the drill site. Or, it rained again, you know? It does that so seldom in Louisiana they put special clauses in the