uh huh... and?
It was their last PR as far as I know. Except maybe for the progress reports from the CNQ.
I can reveal any secrets about their activities since the PR because I don't know any.
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Report on Business
1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.
Roxmark is a Canadian-based junior integrated gold mining company involved in exploration and development of gold and molybdenum properties in the Geraldton-Beardmore area of Northern Ontario. These properties include extensions to six formerly highly productive mines which generated nearly two million ounces of gold from high grade ore and an important new molybdenum project. An initial 3,000 tons of molybdenum ore from the Nortoba-Tyson property
will be mined from surface and milled as soon as feasible at the Company’s onsite mill complex. This is expected to generate sufficient cash flow to fund further disciplined drilling and development strategies.
Roxmark’s common shares are listed for trading on the Canadian Trading and Quotation System Inc. under the symbol RMKL. Further information is available at roxmark.com .
2. Provide a general overview and discussion of the activities of management.
The Company is planning to extract a 3,000 ton bulk sample of molybdenum ore to complete the evaluation of the commercial potential of reserves at the Nortoba-Tyson moly property.
The required reports for processing and obtaining the permits for the bulk sample have been filed with governmental agencies.
3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and acquisitions of any new properties and attach any mineral or oil and gas or other reports required under Ontario securities law.
A scoping study on the gold properties is underway to select one as a focal point for exploration and development.
4. Describe and provide details of any products or services that were discontinued. For resource companies, provide details of any drilling, exploration or production programs that have been amended or abandoned.
See item 3 above.
5. Describe any new business relationships entered into between the Issuer, the Issuer’s affiliates or third parties including contracts to supply products or services, joint venture
agreements and licensing agreements etc. State whether the relationship is with a Related Person of the Issuer and provide details of the relationship.
No new business relationships were entered into by the issuer during the month.
6. Describe the expiry or termination of any contracts or agreements between the Issuer, the Issuer’s affiliates or third parties or cancellation of any financing arrangements that have
been previously announced.
No contracts or agreements expired, terminated or were cancelled during the month.
7. Describe any acquisitions by the Issuer or dispositions of the Issuer’s assets that occurred during the preceding month. Provide details of the nature of the assets acquired or disposed of and provide details of the consideration paid or payable together with a schedule of payments if applicable, and of any valuation. State how the consideration was determined and whether the acquisition was from or the disposition was to a Related Person of the Issuer and provide details of the relationship.
Other than in the normal course of business, the Issuer did not acquire or dispose of any assets during the month.
8. Describe the acquisition of new customers or loss of customers.
This is not applicable to the Issuer.
9. Describe any new developments or effects on intangible products such as brand names, circulation lists, copyrights, franchises, licences, patents, software, subscription lists and
trade-marks.
This is not applicable to the Issuer.
10. Report on any employee hirings, terminations or lay-offs with details of anticipated length of lay-offs.
The bulk sample programs, modification and commissioning of the mill are being carried out either by contractors or by employees hired for these programs.
11. Report on any labour disputes and resolutions of those disputes if applicable. There were no labour disputes during the month.
12. Describe and provide details of legal proceedings to which the Issuer became a party, including the name of the court or agency, the date instituted, the principal parties to the proceedings, the nature of the claim, the amount claimed, if any, if the proceedings are being contested, and the present status of the proceedings.
There were no legal proceedings during the month to which the Issuer became a party.
13. Provide details of any indebtedness incurred or repaid by the Issuer together with the terms of such indebtedness.
Other than in the normal course of business, the Issuer did not have any indebtedness during the month.
14. Provide details of any securities issued and options or
warrants granted. Security Number Issued Details of Issuance Use of Proceeds
No securities were issued in the month.
15. Provide details of any loans to or by Related Persons.
There were no loans to or by Related Persons during the month.
16. Provide details of any changes in directors, officers or committee members. There were no changes in directors, officers or committee members during the month.
17. Discuss any trends which are likely to impact the Issuer including trends in the Issuer’s market(s) or political/regulatory trends. There is a noticeable renewed interest in mineral exploration and development and in particular, in those companies that carry on exploration activities in gold and molybdenum.
However, certain trends that may impact the Issuer are:
(i) Properties of the Issuer are currently in the exploration stage. Development work involves a high degree of risk that may require substantial expenditures to establish and develop commercial reserves.
(ii) Governmental regulations, including those regulations governing the protection of the environment, taxes, labour standards, occupational health, waste disposal, mine safety and other matters could have an impact on the Issuer.
(iii) The economics of developing gold and molybdenum properties are affected by many factors including the price of the commodity.
FORM 7 – MONTHLY PROGRESS REPORT May 08, 2004
Certificate Of Compliance
The undersigned hereby cerifies that:
1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a Resolution of the board of directors of the Issuer to sign this Certificate
of Compliance.
2. As of the date hereof there were is no material information concerning the Issuer which has not been publicly disclosed.
3. The undersigned hereby certifies to CNQ that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument 14-101) and all CNQ Requirements (as defined in CNQ Policy 1).
4. All of the information in this Form 7 Monthly Progress Report is true.
Dated May 03, 2006 .
Monir Younan _____
Name of Director or Senior Officer
Monir Younan President
Roxmark Mines Limited
For Month End
April 30, 2006
Date of Report
YY/MM/D
2006 / 05 / 03
Issuer Address
Suite 801- 80 Richmond St. West,
City/Province/Postal Code
Toronto ON M5H 2A4
Issuer Fax No.
(416) 360-7355
Issuer Telephone No.
(416) 860-1636
Contact Email Address
roxmark@on.aibn.com
Web Site Address
roxmark.com |
