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To: Goose94 who wrote (4334)1/20/2014 7:29:47 PM
From: Goose94Read Replies (1) | Respond to of 202784
 
(TUN-V) Joe Martin, busy today hosting Cambridge House's Vancouver Investment Conference, has found a qualifying transaction for his first capital pool shell, Ituna Capital.Ituna plans to acquire Timothy Termuende and Bernard Kennedy's Clear Creek Resources Ltd. for 11,375,000 shares, and then change its name to Tarku Resources Ltd. The target, founded in March, 2011, recently optioned a 60-per-cent interest in the Tarku uranium property in Saskatchewan from Eagle Plains Resources (EPL-V) prospect generator founded in 1999 by Mr. Termuende and his father, Robert Termuende, who has since retired. Ituna will inherit Clear Creek's option and be responsible for paying $500,000 cash, issuing 1.2 million shares and spending $5-million on exploration, all in stages. Of the 11,375,000 shares that Ituna will issue to Clear Creek shareholders, Mr. Termuende will receive 1,025,000 and Mr. Kennedy will receive one million. They both acquired their shares at one cent. Mr. Termuende, a 50-year-old geologist and stock promoter, will become chairman of Ituna. He is best known for his Eagle Plains promotion, and is also president of Omineca Mining and Metals (OMM-V), a junior miner controlled by Tom MacNeill's 49 North Resources (FNR-V). Mr. Termuende is also on the boards of three penny stocks, Aben Resources (ABN-V), Gespeg Copper Resources (GCR-V) and Northern Freegold Resources(NFR-V).



To: Goose94 who wrote (4334)5/15/2014 12:09:55 PM
From: Goose94Read Replies (1) | Respond to of 202784
 
Ituna Capital (TUN.P-V), has submitted a filing statement about its plan to buy Clear Creek Resources Ltd. as its qualifying transaction. According to the filing statement, the closing date was supposed to be today, but that did not happen, so maybe tomorrow.

The shell will issue 11,375,000 shares to the shareholders of Clear Creek, after which Ituna will change its name to Tarku Resources Ltd. The target has an option to acquire up to 75 per cent of the Tarku uranium project in Saskatchewan from Eagle Plains Resources (EPL-V), a prospect generator managed by Tim Termuende and founded by his father, Bob Termuende, who has since retired. Ituna will acquire Clear Creek's Tarku option. For the first 60 per cent of the Tarku project, Ituna will have to pay $490,000 cash, issue 1.2 million shares and spend $5-million on exploration, all in stages over five years. Of the 11,375,000 shares that Ituna will issue, 1,035,000 will go to Mr. Termuende, a 51-year-old geologist and stock promoter, who will become Ituna's chairman (his father, Bob, will be on the advisory board). Mr. Termuende is the president of Eagle Plains and Omineca Mining and Metals (OMM-V). He was also president of Copper Canyon Resources Ltd. until May, 2011, when it was taken over at $1.05 a share by NovaGold Resources (NG-T). Glen Diduck, a chartered accountant who is the CFO of Eagle Plains and was also the CFO of Copper Canyon, will receive 850,000 shares and become Ituna's CFO. Bernie Kennedy, a 43-year-old IR man, will receive one million shares and become president. This will be Mr. Kennedy's first time as the president of a public company.