Hi.. I am wondering if rangestar will reemerge?
has anybody looked at the filings at sedar.com
Or is it easy to change your name in canada
One great thing about the internet..promoters will start getting reputations.. and some will loose their livelihoods
FORM 61
Incorporated as part of: X Schedule B & C
ISSUER DETAILS:
NAME OF ISSUER RangeStar Telecommunications Ltd.
ISSUER ADDRESS 1128 - 789 West Pender Street
Vancouver, British Columbia, V6C 1H2
CONTACT PERSON Edward Gallagher
CONTACT'S POSITION President
CONTACT TELEPHONE NUMBER 604-608-6828
FOR QUARTER ENDED November 30, 1998
DATE OF REPORT 99/02/01
CERTIFICATE
THE SCHEDULE(S) REQUIRED TO COMPLETE THIS QUARTERLY REPORT ARE ATTACHED AND THE DISCLOSURE CONTAINED THEREIN HAS BEEN APPROVED BY THE BOARD OF DIRECTORS. A COPY OF THIS QUARTERLY REPORT WILL BE PROVIDED TO ANY SHAREHOLDER WHO REQUESTS IT. PLEASE NOTE THIS FORM IS INCORPORATED AS PART OF BOTH THE REQUIRED FILING OF SCHEDULE A AND SCHEDULES B & C.
"Glen Leach" _____________________99/02/06______________
NAME OF DIRECTOR SIGN(TYPED) DATE SIGNED (YY/MM/DD)
"Edward Gallagher"_________________________________99/02/01______________
NAME OF DIRECTOR SIGN/TYPED DATE SIGNED (YY/MM/DD)
RANGESTAR TELECOMMUNICATIONS LTD.
SCHEDULE B: SUPPLEMENTARY INFORMATION
FOR THE QUARTER ENDED NOVEMBER 30, 1998
1. For the current fiscal year to date:
Related party expenditures during the period either paid or payable consist of:
Consulting fees to a director and an associated company $45,000
Management fees to two directors $45,000
Rent and office expenses to a public company with a common director $21,300
Due from related party of $1311 are funds held in trust for the Company
by a private company controlled by the President
Due to related parties is comprised of the above noted fees plus net cash advances
Global Cogenix Industrial Corp. is a public company, associated by having two common director.
2. For the quarter under review:
(a) Summary of securities issued/returned during the quarter:
Date of
Issue
Type of Issue Shares
Issued Price Per
Share
Proceeds*
9/19/98 Return to treasury (60,000) $0.40 ($24,000)
9/19/98 Return to treasury (70,000) $0.80 ($56,000)
9/19/98 Return to treasury (70,000) $1.50 ($105,000)
10/15/98 Options exercised 100,000 $0.18 $18,000
10/23/98 Shares for Debt 734,494 $0.15 $110,174
($56,826)
*Note: negative amount debited to subscriptions receivable.
(b) Summary of options granted during the quarter:
Date
Granted
Type of Options Number
Granted Exercise
Price Expiry
Date
9/22/98 Employees 1,250,000 $0.18 8/21/03
3. As at the end of the quarter:
a) Authorized share capital: 25,000,000 common shares without par value
Issued and outstanding: 14,200,664 shares
b) Outstanding options, warrants and convertible securities:
Type of Security Number
Outstanding Exercise
Prices Expiry
Date
Warrants 236,841 $0.22 2/28/99
Options 62,755 $0.15 1/26/03
Options 650,000 $0.18 8/21/03
c) Number of shares in escrow: 750,000
d) Directors: Glen Leach Edward Gallagher
RANGESTAR TELECOMMUNICATIONS LTD.
SCHEDULE C: MANAGEMENT DISCUSSION
FOR THE QUARTER ENDED NOVEMBER 30, 1998
RangeStar Telecommunications Ltd. (the "Company")
During the quarter, the Company conducted due diligence on several business for acquisition. During the Quarter, the Company investigated into the possibility of acquiring a license in the internet software development company specifically targeting the search engines and internet gambling softwares.
The Company is still considering acquiring a software company doing business in producing software products for the internet community. The Internet has grown substantially, specifically in the commercial application of general banking, consumers' shopping malls, gambling, daily shopping, expensive items purchases, many other areas of businesses can now be conducted over the internet. The Company has looked at least five different software companies and currently intended to amalgamate all of these companies through sequential acquisitions. All terms and conditions are subject to the regulatory authorities approvals.
SUBSEQUENT EVENTS.
On December 24, 1998, the Company was halted by the Vancouver Stock Exchange and Mr. Erwin Liem was appointed to the Board of Directors. During this period, the Company is undergoing substantial reorganization including sufficient working capital and substantial project to be acquired for the Company as well as other administrative organization.
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