I had no problems getting through. I left a message on the (604) (604) 687-5305 line and got an e-mail back with the latest news release within a day or two.
Text of the third quarter shareholders report (e-mailed to me after my inquiry) and info on IR follows. I presume this is old news, but it's more recent than that press release in post 41.
"Several new business opportunities in the hi-tech and e-commerce fields were investigated during the third quarter but none were concluded. However, in late July the Company agreed to provide some financial consulting services to a California hi-tech business and its related Vancouver based minority shareholder. These consulting services are providing some revenue to the Company but more importantly, the Company is fostering a relationship with the principals of the California business that could provide important hi-tech opportunities for the Company?s future new business activities.
Discussions with the Alberta Stock Exchange (?ASE?) took place during the quarter concerning the Company?s ability to satisfy the spirit and intent of the Exchange?s Minimum Listing Requirements. The Exchange expressed the view that because the Company was no longer actively involved in mining exploration, its shares may be suspended from trading unless the Company provided the ASE with an acceptable business plan to satisfy the Exchange?s continuing listing requirements. In late September the Company provided the ASE with a business plan that would, at least in the short term, see the Company becoming a merchant banking organization. The ASE accepted the Company?s plan, with conditions, and has now classified the Company as an Investment Issuer. The Company considers some of the ASE conditions to be unworkable and further discussions are on-going. It is expected that a detailed motion will be put forth for approval at the next Annual and/or Special meeting of shareholders. In the meantime, management and the Board of Directors continue to search for new business opportunities that have the potential to provide a significant return to our shareholders.
Subsequent to the end of the third quarter, the Company made a US$225,000 secured, convertible, short-term, interest-bearing loan to the California business it is providing consulting services. In addition, the Company received a warrant to purchase shares of the California business at any time during the next three years. Both of these transactions are expected to provide the Company with an above average return.
The previously announced non-brokered private placement of 1,500,000 common shares at a price of $0.40 per share was concluded in July. The proceeds were added to the Company?s cash resources."
For Investor Relations queries, please note the following email contacts:
Lexacal Investment Corp.: info@efocus.ca (Robert Chase, President)
Safeguard Biometric Corp.: biometric@efocus.ca (Robert Chase, Director & CFO)
Citation Resources Inc.: citationresources@telus.net (Shelley James, Manager)
(please note Citation's new Vancouver, BC telephone number: (604) 685-3114)
To receive shareholder communications, please indicate the company name
and your request for any of the following:
- Fax or Email List (for news releases)
- Financial Statements (quarterly reports & annual reports)
Thank you for your inquiry.
Mailing Address Information:
Lexacal Investment Corp.
Safeguard Biometric Corp.
Citation Resources Inc.
Suite 1300 - 885 West Georgia Street
Vancouver, BC V6C 3E8 Canada
Tel: (604) 687-5305 / Fax: (604) 687-5128 |
