Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (7924)	2/23/2015 2:10:36 AM
From: marcos	Respond to of 8273

'JEAN PIERRE RIFFARD, Analyst ... has been a Director of Eilat Exploration Ltd, a private exploration and development company, since March 22, 2012. He has provided exploration consulting and permitting services since July 15, 2010 for the Spectrum Gold Property in British Columbia.' kitco.com Still appears listed on Skeena board ... so this fellow will be knowing some names, faces, tendencies, histories, etc

To: marcos who wrote (7924)

2/23/2015 2:11:54 AM

From: teevee

Read Replies (1) | Respond to of 8273

Marcos,
Not much info available as Eilat is a private BC company in turn owned by a Swiss based trust, the trustee of which is another trust based in New Zealand (see below), and has one director/representative on SKE's board. The name suggests an Israeli connection of some kind. I take comfort that in spite of Eilat's share position, Netolitsky and friends are operating the company and programs.

From the information circular last September:

Eilat is a private company existing under the laws of British Columbia. Eilat is not a Non-Arm’s Length Party under the policies of the Exchange. The sole shareholder of Eilat is the Advanced Property Trust, a Swiss based trust, the trustee of which is Equity Trust International Limited of New Zealand. As discussed below, all of the Consideration Shares received by Eilat under the Asset Purchase Agreement will be subject to the Pooling Agreement immediately following Closing.

Eilat's rep on the board is a Mr. Jean-Pierre Riffard:

Name, Province or State and Country of Residence and Present Position in Company	Present Principal Occupation (1)	Director Since (2)	Number of Shares (3)
RIFFARD, Jean-Pierre Wisconsin, United States of America	Analyst Analyst – Technology & Operations, US (since May 6, 2013) for BMO Harris Bank N.A. (international banking institution). Director (since March 22, 2012) of Eilat Exploration Ltd (private exploration and development company). Exploration Consultant – Permitting (since July 15, 2010) for the Spectrum Gold Property in British Columbia. Formerly Airline Pilot (July 2001 to April 2008) for Midwest Air Group/Skyway Airlines, Inc. (Wisconsin based airline) and (June 2008 to July 2010) for Delta Connection/Endeavor Air, Inc. (Minnesota based airline).	N/A

According to SKE's press release, it appears that Eilat is in breach of the agreement by lodging the first escrow release in an off shore tax haven instead of as agreed-in safe keeping with Netolitsky under a pooling agreement......don't know what Eilat was/is up to, but lodging shares in a dodgy off shore haven doesn't sound like they are an honourable group, so it is good that SKE is holding their feet to the fire immediately.........