To: Goose94 who wrote (4334 ) 5/15/2014 12:09:55 PM From: Goose94 Read 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.