Yukon Nevada Gold Corp T.YNG

Asset ownership

[goodtoreadthis]

Strelioff has stated that YNG already owns all of the underlying assets of TlG. Where do we look to confirm that suggestion ?

Under the US legal system if this situation existed , the alleged owner of the assets would bring a straight forward action to "quiet title". In lay teams  a "quiet title" ruling is a declaration by a court that indeed the alleged owner owns all the assets, so any other claim to those assets is bogus.

Currently Minera Andes and Xtrata are in such a dispute on Argentinian assets with TNR, so such a "quiet title" action seems to be available under Canadian law.

YNg has not taken that action. I expect YNG has quality legal advice so there is something wrong with the assertion that YNG owns all TLG assets. Is everyone overlooking key documents ?  Where do we go to see those docs ?

[strelioff]

This is not the same as the minera andes gong show (I know well) Yukon-Nevada Gold Corp. 42% joint venture partner in YS Mining YSMining Company Inc. is Tagish’s largest general secured creditor. YSMining holds a security interest in all of the Company's present andafter acquired personal property YS Mining holds all of the Company'spresent and future Mineral

[goodtoreadthis]

HI Thanks for that.Under US law a security interest in mineral rights is perfected by enforcement through the court when the underlying secured loan is not paid. Paragraph 25 of the Petition for protection from creditors says that YSM has NOT perfected it's interest in the mineral rights that it has acquired from Mac Quarrie. YSM has been in "forebearance" even though they have not

[arthur7440]

US Bankruptcy lawhttps://www.uscourts.gov/FederalCourts/Bankruptcy.aspx Canada Bankruptcy lawhttps://www.bankruptcycanada.com/question1.htm

[strelioff]

Unlike US Law in perfection has no definedstatutory or judicial meaningThe Canadian holder of "security interest" is entitled to seize & sell all property to discharge debt that security interestsecures. In you havechapter 11 that is pretty much opposite.but this gong show is going to follow Canadian SecuritiesAct regulation of trade and commerceexcellent site for this and

[arthur7440]

        That was very well written and very easy for the layman to understand  Ms Strelioff            And you are quite right ,YNG is still very undervalued to its peers ,  That is the reason these  smart new people want to use it to====   Quote you., (get away with any