Re: Here's the (short) history of Sklar's involvement with Riosun before the VSE halted trading in it, labeled him an "unacceptable individual", and thus forced him out.
Riosun Resources Corp RSR
Shares issued 8,951,825 1899-12-30 close $0
Tuesday Jan 21 1997
Also Massey Mercantile Ltd (MSM)
Massey Mercantile Ltd has changed its name to Riosun Resources Corp. There is no consolidation of capital.
Effective at the opening January 22 1996, the common shares of Riosun Resources Corp will be posted and called for trading on the VSE, and the common shares of Massey Mercantile Ltd will be delisted.
Capitalization: 8,951,825 shares issued
Escrow: 75,000 shares
Transfer agent: Pacific Corporate Trust Company
Trading symbol: RSR
Security No: 582200
Cusip No: 767294 10 1
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Riosun Resources Corp -
Exploration work on Eximad JV; proposed properties examination
Riosun Resources Corp RSR
Shares issued 8,951,825 1997-01-22 close $1.3
Thursday Jan 23 1997
Mr H.W. Harding reports
The company has contracted the services of Mr G.V. Lloyd to continue the preliminary geology work under the direction of Mr Ronald B. Stokes, as well as look into other opportunities previously identified by Mr Stokes for the company.
As recommended, Mr Lloyd will be performing detailed sampling and mapping of the company's joint venture properties with Eximad which the company currently holds under option. Mr Lloyd will be examining proposed properties for sapphires and gold. If the geologists find the proposed properties to be of benefit to the company, the company will sign letters of intent with the property owners.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
wwwf.canada-stockwatch.com
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Riosun Resources Corp -
Riosun Resources Corp RSR
Shares issued 8,951,825 1997-01-22 close $1.3
Thursday Jan 23 1997
On December 19 1996, directors and employees have been granted options on 548,982 shares at $0.72 expiring December 18 2001.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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Riosun Resources Corp -
Bulk sapphires being purchased
Riosun Resources Corp RSR
Shares issued 8,951,825 1997-01-30 close $2.5
Friday Jan 31 1997
Mr H.W. Harding reports
The company is currently in the process of purchasing in bulk, rough sapphires as recommended by Mr Ron Stokes, which will give the company cash flow. A 5% royalty will be paid to the government of Madagascar. The sapphires, which are being purchased by Riosun's Madagascar office manager, will be obtained directly from the local artisans, thereby supporting the local economy.
Mr Stokes also advised that Riosun should acquire properties adjacent to the artisanal sapphire workings.
Riosun is currently negotiating the purchase of a washing plant and other ancillary equipment that will operate, service and maintain the existing Eximad emerald properties, which include the reopening of the Toby Stevens emerald mine. These properties also have opportunities in gold which are right on the licenced area.
Riosun has contracted the services of Mr Griffin V. Lloyd, who will be departing for Madagascar in February to complete an extensive sampling and mapping program on other potential gold properties.
The original agreement between Riosun and Eximad called for Riosun to purchase 80% of the issued shares of Eximad.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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Riosun Resources Corp -
No new developments
Riosun Resources Corp RSR
Shares issued 8,951,825 1997-02-13 close $2.61
Friday Feb 14 1997
Mr Bert Harding reports
There are no new developments within the company. The company is continuing with the development of the Eximad Emerald properties. In this regard, Mr Griff Lloyd has left for Madagascar as mentioned in the company's news in Stockwatch, February 3. On the recommendation of the company's consulting geologists, the company is sending additional personnel with Mr Lloyd to survey the Eximad properties to establish an all weather working camp.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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Riosun Resources Corp -
Appointment; Madagascar exploration to begin
Riosun Resources Corp RSR
Shares issued 8,951,825 1997-02-14 close $3.4
Monday Feb 17 1997
Mr H.W. Harding reports
The company has engaged the professional services of Dr Dirk Tempelman-Kluit. Dr Tempelman-Kluit will complete the senior exploration team for the Madagascar projects. He was until recently, the Cordilleran director of the Geological Survey of Canada.
Dr Tempelman-Kluit is researching the broad geological setting of gold, sapphire, emerald and other projects now being investigated. He will direct the regional geological setting in Madagascar and their possible links with East Africa, from which Madagascar detached 165 million years ago. He will be going to Madagascar with Mr Ronald Stokes at a later date.
Mr Griff Lloyd is now in Madagascar to start property examinations and sampling as recommended by Mr Stokes, mining exploration consultant to the company.
Mr Stokes, previously in Madagascar, has recommended specific property and machinery acquisitions. Mr Stokes is a specialist in gold and gemstones.
A two-man team is now in Madagascar to review airfield and dock facilities, and access by road and river to reach certain properties. They are taking the first field and camp gear.
A radar satellite survey of the property areas is under way to provide the company and its consultants with further geological information.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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Riosun Resources Corp -
Opening of mine proposed
Riosun Resources Corp RSR
Shares issued 8,951,825 1997-02-25 close $4.35
Wednesday Feb 26 1997
Mr H.W. Harding reports
The company has entered into an agreement to acquire 80% of the right to mine the mineral property immediately north of the Eximad Toby Stevens emerald property.
The intent of the acquisition is to increase the company's holdings along the mineralized strike zone running through the Toby Stevens Eximad emerald property.
Riosun currently has two engineers and a geologist assessing the reopening of the Toby Stevens Eximad emerald mine.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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Riosun Resources Corp -
Riosun Resources Corp RSR
Shares issued 8,951,825 1997-02-26 close $4.95
Thursday Feb 27 1997
Effective at 8:33 am, February 27 1997, trading was halted pending clarification of the involvement of an unacceptable individual.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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Riosun Resources Corp -
Comment on stock halt by VSE
Riosun Resources Corp RSR
Shares issued 8,951,825 1997-02-27 close $5.45
Friday Feb 28 1997
Mr H.R. Harding reports
The company wishes to announce that it knows no valid reason why its shares have been halted by the VSE on Thursday, February 27 1997, except the short explanation given by the VSE.
President John Loretto; CFO H.W. (Bert) Harding; director Stephen Zacher; corporate secretary Irene Rohlsberger; and senior consulting geologist Ron Stokes; and the company's legal counsel will meet today with the VSE to discuss this unfortunate action.
The company would like to also report to its shareholders that its exploration and sampling program in Madagascar has not in any way been affected by the current events and is proceeding as planned.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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Riosun Resources Corp -
Riosun Resources Corp RSR
Shares issued 8,951,825 1997-02-27 close $5.45
Friday Mar 7 1997
Further to the VSE notice dated February 27 1997, the company will be suspended from trading effective at the close of trading March 7 1997. The exchange's review of the company's activities continues. Issues of concern include the involvement of certain individuals in the affairs of the company.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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Riosun Resources Corp -
Clean-living promise - names blanked out
Riosun Resources Corp RSR
Shares issued 8,951,825 1997-02-27 close $5.45
Tuesday Mar 18 1997
Mr P. Charles Cochrane reports
The company has appointed Mr P. Charles Cochrane as president, CEO and director.
Mr Cochrane with his extensive experience in the operations and management of both public and private companies will provide the company with the leadership and direction to further its promising mining opportunities in Madagascar.
Mr Cochrane's immediate task is to deal with the VSE's halt trading and subsequent suspension orders, and to ensure the continuance of the company's business and negotiations.
The company also wishes to announce that:
1. It has established a new headquarters in Calgary at Suite 1110, 444-5th Avenue S.W. effective March 6 1997.
2. It will not allow the unacceptable individuals identified by the VSE to interfere or be involved with the company, directly or indirectly and is to provide the undertakings to this effect to the VSE; and
3. It has received the resignations from its previous president/director, its CFO/director and one other director. All resignations have been accepted by the board.
The company's directors are currently finalizing negotiations on contracts overseas and will be announced when completed and accepted by the board.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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Riosun Resources Corp -
Company completes investigation; Madagascar activities
Riosun Resources Corp RSR
Shares issued 8,951,825 1997-02-27 close $5.45
Thursday Mar 27 1997
Mr P.C. Cochrane reports
The company has completed its investigation and submission to the VSE on matters regarding the current suspension of its stock. The company expects a timely conclusion to the matter.
The matters regarding the current suspension do not affect the business and projects of the company.
The company's emerald project in Madagascar is proceeding and mining equipment purchased in France is enroute to Madagascar and ETA is April 11 1997. Mining operation is expected to start late April/early May.
The company's consultant geologist has completed the test sampling of certain gold prospect properties in Madagascar and independent laboratory analysis of the test samples will commence immediately. The company is concluding the right to participate in these properties.
The company has also acquired a radar satellite survey on the prospect properties and the company's consultant will be reviewing and reporting to the company shortly.
On March 11 1997, the company's 80% subsidiary in Madagascar, Riosun Resources Madagascar SARL entered into a joint venture with a local partner for the exploration and exploitation of beryl (sapphire).
Presently, two of the company's directors are in Madagascar finalizing terms for the gold prospect properties. Further developments will be announced accordingly.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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Riosun Resources Corp -
Sample results arrive from Madagascar
Riosun Resources Corp RSR
Shares issued 8,951,825 1997-02-27 close $5.45
Wednesday Apr 9 1997
Mr P. Charles Cochrane reports
The company's geologist has returned from Madagascar, having completed the testing and sampling of the company prospect properties.
Test kits and samples have arrived under secure, sealed containers directly to the company's assigned laboratory, Loring Labs, for completion of thorough and comprehensive analysis.
The conclusion of formal reports and laboratory results are anticipated April 15 to enable conclusion by the company of property acquisitions under negotiations.
Formal announcements by the VSE is anticipated shortly following conclusion of its report and investigation.
The company is continuing its pursuit towards securing mining opportunities and will be announcing its conclusions in a timely fashion.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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