I responded on the Cartaway thread because of your reference to the CYR map
As a director of both Eastfield and Wildrose, I have a duty to respond to these errors (as well as promote the company) when I have the chance.
There was no name change. Eastfield created a new company (Wildrose) and transferred all of their Canadian Properties (including Labrador) to it. In return, all of the Eastfield shareholders received an equal number of shares in Wildrose (Donner is doing the same thing with their company right now). Eastfield retained all of their Nevada properties. Both Eastfield and Wildrose trade on the Vancouver Stock Exchange.
Placer Dome owns 600,000 shares of Eastfield and 600,000 shares of Wildrose. Ed Kimura, retired Canadian Exploration Manager for Placer Dome, sits on our board as a Placer Dome representative. They purchased the stock and hold on to it out of respect for the two geologists that run the companies.
We've never had a problem raising money for a good project, and Alliger lake-Okak Bay is a good one. After a bad experience last year (it is very difficult to work in Labrador) we have decided to wait and see what the big boys (Cartaway, Columbia Yukon etc) come up with. With Cartaway right next door, good results will have a positive impact on our stock, allowing us to finance our exploration at a higher share price. It would be a shame if they missed because the exploration $ could dry up and a lot of good targets in the area could go untested.
Because we're not working in Labrador right now, it's tough to get good information. What I do find out, I'll pass on to you.
Beware of visuals, that's what got Cartaway in trouble last time. |
