Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: tyc:> who wrote (19512)	8/31/2006 12:38:50 AM
From: E. Charters	Read Replies (1) of 78410

I have never seen exchange applications announced. Now I believe that RMKL has a TSXV listing application that may be 2 years old and they may have been thru several milestones in that process, but they have never announced the details of any meetings if they have had any. The reason is that until you are actually on the exchange it is neither a material fact, nor a material change that an application has been made nor a meeting held. The actual achievement of an AGM, a 43-101F or an audit of finances or mineral resources is a milestone and intself announceable in this process, but there is no way to qualify its effect on your listing application without exchange final acceptance. The exchange has no milestone qualification process and can predict no success given any number of milestones being achieved, so it is not material. To announce a quasi-material fact may be considered deceptive, so it is not done. Basically stages in any legal process of qualification are not announceable until success is achieved. The exception to this rule is where negotiations on a property or deal are underway that have a reasonable chance of success in finalization, i.e. there is agreement in principle and the finances are in place to make the deal. In this case if the negotiation is not announced it could be witholding of material change. If the negotiations is dependent on financing it may not be material change that it is being negotiated so may not have to be announced. EC<:-}

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