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Bullboard - Stock Discussion Forum Arctic Star Exploration Corp V.ADD

Alternate Symbol(s):  ASDZF

Arctic Star Exploration Corp. is a natural resource company. The Company is a diamond explorer engaged in the acquisition, exploration, and development of mineral properties. Its projects include Diagras Diamond Project and Timantti Diamond Project. Diagras Diamond Project is located in the north-eastern part of the prolific Lac de Gras kimberlite field, approximately 22 kilometers (km) north... see more

TSXV:ADD - Post Discussion

Arctic Star Exploration Corp > so the 300kCad will be used to do the following ?
View:
Post by Bigoil2113 on Oct 17, 2023 4:57pm

so the 300kCad will be used to do the following ?

Among other costs, the company will use the proceeds from the offering as follows: (i) 18 per cent will be used to pay legal expenses; (ii) 14 per cent will be used to pay accounting expenses, including an officer of the company; (iii) 10.6 per cent will be used to pay for geological services, including to a director of the company; (iv) 13.3 per cent will be used to pay for consulting work; and (v) 33.3 per cent will be used for general working capital. Other than as disclosed above, there are no payments to non-arm's-length parties or to any persons conducting investor relations activities

what a disaster PP and BD are: Both are scam artists 
Comment by Bigoil2113 on Oct 19, 2023 3:26pm
is it even legal what management is doing?  musing the 300k cad to pay for geological services including a DIRECTOR????? i assume that Buddy will get paid the portion he lost when he claimed an insider purchase.  I assume the accounting expenses being covered with the 300kcad along with an officer being paid is as greasy as it gets .  i'll be investigating this one a lot closer ...more  
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