Post by carats4me on Aug 29, 2007 20:46:55 GMT -5
All is my opinion, I dont have a way to prove it concretely.
But there are three sources of claims that might represent our assets, as we go forward in the future to trade again, as is Kevin and Bill intention.
1. The claims in the FALC, now under ETGMF, but if questioned legally in the USA as there never was a shareholders vote to transfer them, they might revert to the company. That might necessitate making some kind of financial arrangement to compensate ETGMF for expenses incurred in drilling these claims.
2. The claims that were under United Carina/ Rich Walker, were under a legal dispute with Shore Gold, and United Carina won. Shore Gold is appealing, but most likely the first decision will be maintained and they will remain in United Carina's hands. Urban and the Gutkas hold a substantial amount of ownership, if not the 100%, of United Carina ( Urban signed documents for United Carina), and so if we win a judgement against Urban as part of the legal play now under way, all these assets he has in United Carina could revert to CMKX. ( see addendum below)
3. The zinc claims sold by CIM to Golden Arches. CIM was a subsidiary of CMKX, Ron Casavant received $ 1,000,000 from CMKX, so these claims should be claimed back and put under the control of CMKX.
So as we can see, we are not so poor or without potential assets and all depends of the legal play against the miscreants.
If the judge will award a judgment agianst Urban et al, by default or otherwise, we should proceed to get back these 3 sources of land claims and that should be enough to trade again.
***
March 2, 2007 – Saskatoon, Saskatchewan – Star Uranium Corp. (SUV – TSX Venture) The Company is pleased to announce that it has received a ruling in its favour from a Saskatchewan court regarding a dispute with Shore Gold Inc. (SGF.T) over ownership of 25 blocks of claims totaling 33,196 hectares in the Fort à la Corne area of Saskatchewan. The dispute began in June of 2003 and the Company is very pleased to have the matter settled in its favour. Plans for exploration on the properties are underway and a more comprehensive news release will be made in the near future outlining the nature and scope of the exploration program. The Company is well funded to carry out a significant program in 2007 and in anticipation of this ruling has formed a joint venture company called “Star Diamonds” to be a diamond specific company and is exploring the IPO of this entity. Star Uranium Corp. shares ownership of these claims on an equal 50/50 basis with United Carina Resources Corp.
For more information please visit our website at www.staruranium.com.
But there are three sources of claims that might represent our assets, as we go forward in the future to trade again, as is Kevin and Bill intention.
1. The claims in the FALC, now under ETGMF, but if questioned legally in the USA as there never was a shareholders vote to transfer them, they might revert to the company. That might necessitate making some kind of financial arrangement to compensate ETGMF for expenses incurred in drilling these claims.
2. The claims that were under United Carina/ Rich Walker, were under a legal dispute with Shore Gold, and United Carina won. Shore Gold is appealing, but most likely the first decision will be maintained and they will remain in United Carina's hands. Urban and the Gutkas hold a substantial amount of ownership, if not the 100%, of United Carina ( Urban signed documents for United Carina), and so if we win a judgement against Urban as part of the legal play now under way, all these assets he has in United Carina could revert to CMKX. ( see addendum below)
3. The zinc claims sold by CIM to Golden Arches. CIM was a subsidiary of CMKX, Ron Casavant received $ 1,000,000 from CMKX, so these claims should be claimed back and put under the control of CMKX.
So as we can see, we are not so poor or without potential assets and all depends of the legal play against the miscreants.
If the judge will award a judgment agianst Urban et al, by default or otherwise, we should proceed to get back these 3 sources of land claims and that should be enough to trade again.
***
March 2, 2007 – Saskatoon, Saskatchewan – Star Uranium Corp. (SUV – TSX Venture) The Company is pleased to announce that it has received a ruling in its favour from a Saskatchewan court regarding a dispute with Shore Gold Inc. (SGF.T) over ownership of 25 blocks of claims totaling 33,196 hectares in the Fort à la Corne area of Saskatchewan. The dispute began in June of 2003 and the Company is very pleased to have the matter settled in its favour. Plans for exploration on the properties are underway and a more comprehensive news release will be made in the near future outlining the nature and scope of the exploration program. The Company is well funded to carry out a significant program in 2007 and in anticipation of this ruling has formed a joint venture company called “Star Diamonds” to be a diamond specific company and is exploring the IPO of this entity. Star Uranium Corp. shares ownership of these claims on an equal 50/50 basis with United Carina Resources Corp.
For more information please visit our website at www.staruranium.com.
