THE FOLLOWING INFORMATION HAS BEEN OBTAINED FROM PUBLIC RECORDS AVAILABLE ON SEDAR, B.C. SECURITIES COMMISSION AND TO PAID SUBCRIBERS OF STOCKWATCH...
We all know that the LAB hasn't announced a JV of any sorts, as yet, but in my humble opinion, the following readily available public information, lends me to believe that DML has already got their people in the right places.
On or about the end of August a Mr. Eugene Larabie was elected to the Board of Directors of LAB/vse.
Going into the B.C. Securities Commission files via Stockwatch, one would find that Mr. Larabie is associated with a VSE listed company called Curion Ventures..
BONUS # 1
Curion Ventures is a company that is already JV'd with DML/Teck in the SVB and I'll call this: (Association #1 with DML/Teck).
BONUS # 2
If one where to continue down the News Release trail one would come across the name Barry Ching. Now Barry is associated with a company that is called Jerzey Goldfields. On that Board of Directors sits an individual of interest may be one named Robert Allen Quartermain. Mr. Quartermain also sits on the Board of WTC., which we all know, is associated with Teck in a Mexican play.Barry Ching is also involved with a financing (NR dated Dec. 29/97) for the Lab which will in effect give him 10.11% of the issued shares. Association # 2
BONUS # 3
Because of Mr. Larabies' association with a couple of highly promoted companies (one of which is now delisted and is trading in the grey market, apparently awaiting a listing on the cdn/otc), I feel that he is well connected with some powerful promoters which every company requires. This may be a negative to some but at the LAB's current share price it is a bonus to me.INMHO.
BONUS # 4
LAB's ability to raise capital:
(Taken from News Releases:)
Tuesday Dec 30 1997:
Mr Eugene Larabie reports Labrador International Mining has closed the placement of 2.7 million special warrants at $0.15 for total proceeds of $359,000. Each special warrant allows the holder to acquire one unit consisting of one share and one warrant to purchase an additional share for $0.15 for the first year and $0.20 the second year. The company has paid Union Securities a 5% commission and has granted broker's options to purchase up to 650,000 shares at $0.20 for two years. Funds will be used to finance Labrador's 50% portion of the South Voisey Bay area exploration work as well as reduce outstanding debt, and for general administration.
Friday Jan 9 1998 :
Mr. Robert Larabie reports On December 29 1997, Mr Robert Larabie acquired a total of 1,400,000 special warrants of Labrador, each special warrant being exercisable to acquire one common share and one warrant. Each warrant is exercisable to acquire an additional common share at $0.15 from December 29 1997 to December 29 1998, and thereafter at $0.20 until December 29 1999. Mr. Larabie did not previously own any securities of the company. Accordingly, Mr. Larabie currently owns securities of the company which, if fully exercised, would result in Mr. Larabie holding 2,800,000 common shares, or 19.5% of the then issued common shares. The company is listed on the VSE, however, the purchase of the special warrants was through a brokered private placement.
Monday Jan 12 1998:
r. David Baker reports On December 29 1997, Mr. Baker acquired a total of 650,000 special warrants of Labrador, each special warrant being exercisable to acquire one share and one warrant. Each warrant is exercisable to acquire an additional share at $0.15 from December 29 1997 to December 29 1998, and thereafter at $0.20 until December 29 1999. Mr. Baker did not previously own any securities of the company. Accordingly, Mr. Baker currently owns securities of the company which, if fully exercised, would result in Mr. Baker holding 1,300,000 shares, or 10.11% of the then issued shares. The purchase of the special warrants was through a brokered private placement.
Wednesday Jan 28 1998:
The company has granted 1,000,000 options at $0.26 for two years.
Tuesday Feb 3 1998:
Jerry Bradley reports The company has agreed with Union Securities for the placement of up to 4,000,000 special warrants at $0.225 per warrant for proceeds of $900,000. Each warrant will entitle the holder to acquire one unit consisting of one share and one warrant and for no additional consideration to purchase one share for $0.225 the first year and $0.275 the second. The company has agreed to pay Union Securities 5% of gross proceeds and has further agreed to issue class B warrants to purchase up to 500,000 shares at $0.275 for two years. Funds will be used to finance Voisey Bay work, property acquisitions and exploration as well as for general administrative purposes. The company has granted 400,000 options at $0.28 for two years.
Moving on:
BONUS # 5
SVB Joint Venture Partner GBR/vse:
Of interest are two new directors that joined the GBR board on Dec 5/97..
David Patterson who is the Chief Executive Officer of Donner Minerals Ltd. and a Director and officer of several other public companies.and Paul Rohrwasser Secretary of Donner Minerals Ltd. (I'll call this association # 3)
Anyway one may look at the above picture; the LAB is gearing up to be a big player in the SVB...
THE BEFOREMENTIONED INFORMATION IS NOT INTENDED TO HYPE OR PROMOTE THIS COMPANY AND IS A RESULT OF MY OWN DISSEMINATION OF READILY AVAILABLE INFORMATION. TAKE IT FOR WHAT IT'S WORTH.
References:
LAB/vse
sedar.com
GBR/vse
sedar.com
Canada Stockwatch:
canada-stockwatch.com
My thanks to Jimsey for bringing this puppy to my attention...
.ed
ps: So far a happy shareholder. |
