This is a list of companies that Rene Michel Hanouth is/was involved in:
Bellwether Resources Ltd
* was disclosed as subj. of regulatory interest 9102
* was disclosed as a shareholder of Co 9106
VSE terminates Picasso lithographs and Fry-Lite oven deals
Bellwether Resources Ltd BLW
Shares issued 3,292,701 1991-04-22 close $0.1
Friday Dec 6 1991
Mr Adrian Hartmann reports
An AGM has been called for December 23 1991 at which Adrian Hartmann,
Hanspeter Menger and Craig Butler will be nominated for re-election as
directors of the company. In addition, subject to regulatory approval,
shareholders will be asked to
approve a share consolidation on the basis of three pre-consolidated
shares for every one post-consolidation share and a name change of the
company to Eurocontrol
Technics Inc. On September 25 1991, the BC securities commission issued
a
cease trading order because the company failed to file financial
statements within the prescribed time. On August 7 1991, the company
accepted the resignation of Price
Waterhouse as auditors of the company and appointed Peat Marwick Thorne
until the next AGM. The company has now completed an audit of the fiscal
year ended March 31 1991 and the six months ended September 31 1991 and
the quarterly report for the quarter ended June 30 1991. All these
statements have been mailed to shareholders and filed with the
regulatory authorities together with appropriate filing fees. This has
resulted in a revocation of the cease trading order. On April 26 1991
the VSE halted trading in the company's shares pending clarification of,
among other things, the
exercise of incentive stock options and the acquisition by the company
of 70 Picasso lithographs and a licence to market Fry-Lite ovens for
issuance of a total of 200,000 shares. On May 31 1991, the exchange
suspended the company from trading.
At the request of the VSE, the company clarifies the share issuances as
follows:
1. Regarding the exercise of options, Robert Knight, former president
of the company, arranged for the exercise of incentive stock options
granted by the company to Frank Bull and Jim Morgan. The 200,000 shares
issued on February 27 1991 pursuant to these stock options were
received by Robert Knight and Rene Hamouth. No consideration was paid to
the company until May 2 1991 after it was queried by the exchange. The
company is endeavouring to obtain payment for $2,500 which remains
outstanding.
2.Regarding 200,000 shares issued pursuant to stock options granted to
Craig Butler and Herman Prem (which appear to have been received by
Robert Knight and others), payment was received by the company after the
shares were issued.
3.Denis Shikitani entered into an agreement with the company whereby the
company was to acquire certain distribution rights to Fry-Lite ovens for
which 100,000 shares were issued to Mr Shikitani. Mr Shikitani does not
hold the rights to the product.
4.The company did not receive all 70 Picasso lithographs to be acquired
pursuant to an agreement with Barry Field-Dyte for which 100,000 shares
were issued to Mr Field-Dyte. The exchange requires that both of the
above acquisition agreements be terminated and the transactions unwound,
and the 200,000 shares issued in connection therewith be returned to
treasury. The company is in the process of complying with these
requirements and expects to return 200,000 shares to treasury in the
near future. The company has no assets, all mineral claims having
lapsed. In addition to the resignation of Mr Knight and the return of
200,000 shares to treasury, the company must meet other requirements of
the exchange prior to reinstatement of trading. The new board of
directors, and in particular Hanspeter Menger and Adrian Hartmann are
taking steps to satisfy the requirements of the exchange, including the
elimination of debt and the advancement of funds toward working capital.
Upon reinstatement of the company for trading, the board of directors
will explore business opportunities to form a solid asset basis for the
company.
Ber Resources Ltd
* is a director of Co
* became a former director of Co 9103
Burro Creek Minerals Ltd
* was disclosed as a vendor to Co 9008
* was disclosed as a shareholder of Co 9008
* was disclosed as a litigant with Co 9101
CANBAR INV
* was disclosed as a shareholder of Co 8407
DYNASTY HOLD
* is or has been a shareholder of Co
El Dorado Systems (Canada) Inc
* was disclosed as a finder for Co 8407
HPY Industries Ltd
* is a former director of Co
* is or has been a shareholder of Co
MORR MIN AND EX
* was disclosed as a shareholder of Co 9106
Umbertino's Restaurants Inc
* was a vendor to Co
* is or has been a shareholder of Co
IBS Technologies Ltd (IBSTF)
* became a director of Co 8507
* became a former director of Co 9008
Algo Resources Ltd
* is a former director of Co
AGO - Algo Resources Ltd
*Address: Box 518, 289 Lezak Road Sealy TX USA 77474
*Phone 409 885 4158
*Company Website: argosy-mining.com
Boundary Gold Corp BGG
Shares issued 2,952,304 1991-04-25 close $0.05
Thursday Jun 6 1991
Further to the VSE halt notice dated April 26 1991, the
trading status of the company is changed to suspended pending
clarification of the following share issuances:
1. An additional 100,000 shares issued December 10 1990 to
Candol Developments as fully paid, subsequent to the
100,000 shares issued November 6 1990, contrary to
filings made with the VSE;
2. 100,000 shares issued December 10 1990 to Gary Freeman as
fully paid;
3. 100,000 shares issued January 18 1991 to Ronda Walker as
fully paid;
4. 100,000 shares issued February 8 1991 to Ronda Walker as
fully paid;
5. 100,000 shares issued February 8 1991 to Morr Mining and
Exploration, a company which was incorporated January 10
1991 and is owned or controlled by Mary Sloane and Rene
Hamouth;
6. 100,000 shares issued February 8 1991 to Bill Whittle as
fully paid;
7. 100,000 shares issued March 12 1991 to Lloyd Brewer as
fully paid;
8. 100,000 shares issued March 12 1991 to Wesley Reynolds as
fully paid;
9. 100,000 shares issued March 25 1991 to May Joan Yee as
fully paid;
10.100,000 shares issued March 25 1991 to Denis Shikatani as
fully paid;
11.200,000 shares issued April 4 1991 as fully paid, to Ruza
Resource, a company which is controlled and/or
beneficially owned by Jaroslav Ruza;
12.100,000 shares issued on or about April 12 1991 to May
Joan Yee as fully paid; and
Pending clarification of the company's affairs including
disclosure and compliance with securities and corporate
regulatory requirements. Members are prohibited from trading in the
securities of the
company during the period of suspension or until further
notice.
Burro Creek Minerals Ltd -
Burro Creek Minerals Ltd BCK
Shares issued 4,315,219 1990-10-15 close $0.04
Tuesday Dec 31 1991
Mr Harry Melton has called a shareholders meeting
1)To approve the transfer within escrow of 750,000 shares
from James Newton to Harry L. Melton;
2)To consolidate the company's capital on a one for two
basis;
3)To change the name of the company to Owyhee Calcium
Products;
4)To approve the option to acquire the mineral properties
and assets of Owyhee Calcium Products.
The company's most recent AGM was held June 26 1990 and audited
financial statements for the fiscal year ended January 31 1990 showed
the company's issued and outstanding capital as 2,217,601 shares. The
most recent audited financial statements as at October 31 1991 show the
capital at 4,315,219 shares. Since that previous AGM, the company has
been delisted from the VSE and is subject to a cease trade order of the
superintendent of brokers for BC. Currently, shareholders are unable to
deal with their shares through the facilities of the VSE and will not
have access to that market
until the cease trade order is rescinded and a relisting application is
accepted. However, the company has been under new management and
direction since January 1991 and is
presently set on a course of action aimed at relisting the shares and
lifting the cease trade order.
On January 23 1991, the company, under its new management, commenced an
action against two former directors and officers and a former
undisclosed promoter of the company. Mr Newton, a former president and
director and currently holding all
750,000 escrow shares, is a defendant to this action. The company's
claim focuses on the undisclosed issuance of 1,950,000 shares from
treasury during a time period from
March to September 1990. The majority of these shares were issued as
consideration for various mineral properties, or so it was made to
appear. A review of the company's records by the company's solicitors
revealed no directors' resolutions or minutes with respect to the
issuance of any of these shares. Submissions to the regulatory
authorities regarding the transactions were not made. News releases were
not issued.
Treasury orders signed by the defendants were delivered to the company's
registrar and transfer agent and the shares were issued on false
pretenses. The company does not have title or any interest in any of the
mineral properties for which the shares were supposedly issued. The
impugned shares remain outstanding and have resulted in substantial
dilution of the members' holdings. The action was commenced at the
instigation of two out of town directors who were not informed of any of
the contested share issuances. An injunction has been issued by the
supreme court of BC preventing the defendants and their nominees and
certain brokerage firms from dealings with the shares, or their
re-registered form, in any manner.
This injunction has the effect of freezing any shares held in the names
of the defendants and their nominees or that may have been re-registered
into street form in the name of a brokerage firm. Upon finalization of
this court action, the company will take back and cancel as many of the
illegally issued shares as possible. Unfortunately, it is highly
possible that a number of the 1,950,000 shares that were wrongly issued
were sold to third parties prior to trading being halted by the exchange
and are not frozen by the injunction.
The company's solicitors are negotiating with the defendants' solicitors
to retake as many shares as are available at this point. Mr Harry
Melton, the president and a director of the company, proposes to take
receipt of 750,000 performance escrow shares by way of a transfer within
escrow from Mr James Newton. This proposed transfer, for which
shareholder approval is sought, is contemplated as a partial settlement
of the company's action.
A news release was issued on May 11 1990 and a material change report
was filed with the superintendent of brokers indicating that Keath Aven
had been appointed as a director and the president of the company and
that a change in control was to be effected by way of a transfer within
escrow of the escrowed shares from James Newton to Keath Aven for
$15,000, ($0.02 per share), subject to shareholder and regulatory
approval. The transfer within escrow was not approved by the VSE and
direction or consent was given to the escrow agent.
The escrowed shares are part of a proposed settlement in connection with
the legal action commenced to the company against certain former
directors, officers and promoters of the company, whereby Harry Melton,
a director and the president of the company, will become the beneficial
owner of the escrowed shares. The following description of the impugned
share issuances of the company is based on investigations conducted in
forensic manner by the company's solicitors and information contained in
the statement of claim filed January 23 1991 and documents filed in
support thereof:
a)On May 10 1990, 100,000 shares were issued in the name of
Donald Whorley, pursuant to a treasury order signed by
James Newton, a former director and president of the
company. These shares were ostensibly issued as
consideration for a mineral claim (record number 7016) in
the Liard mining division, BC, by Jaroslav Ruza and owned
of record by Ruza Resources, a BC non-reporting company of
which Ruza is the sole director;
b)On May 24 1990, 100,000 of the shares were issued in the
name of Victoria Diego Resources, a BC company of which
Whorley is a director and shareholder, pursuant to a
treasury order signed by Newton. These shares were
ostensibly issued as consideration for a 24.4% interest in
a mineral property known as the Snowflake claim group, the
details of the title to which are now known to the
company;
c)On May 28 1990, 100,000 of the shares were issued in the
name of Pierre Lessard pursuant to a treasury order signed
by Newton and Keath Aven, a former director and officer of
the company. These shares were ostensibly issued as
consideration for a 50% interest in property known as
Rasmussen Mill Equipment, the nature and location of which
is not known to the company;
d)On May 28 1990, 100,000 of the shares were issued in the
name of Imo Hudani pursuant to a treasury order signed by
Aven and Newton. These shares were ostensibly issued as
consideration for a mineral claim (record number 3330) in
the Vernon mining division, BC, staked to Paul Plicka and
owned of record by Plicka;
e)On June 19 1990, 100,000 of the shares were issued in the
name of Syndicated Mineral Properties pursuant to a
treasury order signed by Newton. These shares were
ostensibly issued as consideration for an interest in a
mineral claim or claims known as the Galore Creek mineral
property, the details of title to which are not known to
the company.
f)On June 19 1990, 100,000 of the shares were issued in the
name of Imo Hudani pursuant to a treasury order signed by
Newton. These shares were ostensibly issued as
consideration for a mineral claim (record nubmer 11568) in
the Omineca mining division, BC, staked by Ruza and owned
of record by Syndicated;
g)On July 5 1990, 100,000 of the shares were issued in the
name of Whorley pursuant to a treasury order signed by
Aven. These shares were ostensibly issued as consideration
for a mineral claim known as the Galore Creek mineral
property, the details of title to which are not known to
the company;
h)On July 5 1990, 100,000 of the shares were issued in the
name of Bob Shaw pursuant to a treasury order signed by
Aven. These shares were ostensibly issued as consideration
for a mineral claim known as the Galore Creek mineral
property, the details of title to which are not known to
the company.
i)On July 24 1990, 100,000 of the shares were issued in the
name of Lisa Moffat pursuant to a treasury order signed by
Newton. These shares were ostensibly issued as
consideration for a mineral claim (record number 7447) in
the Liard mining division, BC, staked by Ruza and owned of
record by Moffat;
j)On July 24 1990, 100,000 of the shares were issued in the
name of Pierre Lessard pursuant to a treasury order signed
by Newton. These shares were ostensibly issued as
consideration for a mineral claim (record number 7425) in
the Liard mining division, BC, staked by Ruza and owned of
record by syndicated;
k)On July 26 1990, 100,000 of the shares were issued in the
name of Syndicated pursuant to a treasury order signed by
Aven. These shares were ostensibly issued as consideration
for a mineral claim (record number 7418) in the Liard
mining division, BC, staked by Ruza and owned of record by
Syndicated;
l)On August 1 1990, 100,000 of the shares were issued in the
name of Whorley and 10,000 were issued in the name of Imo
Hudani pursuant to a treasury order signed by Aven. These
shares were ostensibly issued as finder's fees;
m)On August 1 1990, 100,000 of the shares were issued in the
name of Ruza pursuant to a treasury order signed by Aven.
These shares were ostensibly issued as consideration for a
mineral claim (record number 7439) in the Liard mining
division, BC, staked by Ruza and owned of record by
Syndicated;
n)On August 1 1990, 100,000 of the shares were issued in the
name of Laura Oakley pursuant to a treasury order signed
by Aven. These shares were ostensibly issued as
consideration for a mineral claim (record number 7450) in
the Liard mining division, BC, staked by Ruza and owned of
record by Whorley;
o)On August 7 1990, 100,000 of the shares were issued in the
name of Lisa Moffat pursuant to a treasury order signed by
Aven, ostensibly as a finder's fee;
p)On August 7 1990, 100,000 of the shares were issued in the
name of Rene Hamouth pursuant to a treasury order signed
by Aven. These shares were ostensibly issued as
consideration for a mineral claim (record number 7421) in
the Liard mining division, BC, staked by Ruza and owned of
record by Syndicated;
q)On August 7 1990, 100,000 of the shares were issued in the
name of Imo Hudani pursuant to a treasury order signed by
Aven. These shares were ostensibly issued as consideration
for a mineral claim (record number 7444) in the Liard
mining division, BC, staked by Ruza and owned of record by
Moffat;
r)On August 21 1990, 100,000 of the shares were issued in
the name of Mark Cordick pursuant to a treasury order
signed by Aven. These shares were ostensibly issued as
consideration for a mineral claim (record number 3330) in
the Vernon mining division, BC, staked by Plicka and owned
of record by Plicka. As referred to above, 100,000 shares
were also issued as consideration for this mineral claim
to Imo Hudani on May 28 1990;
s)On August 21 1990, 10,000 of the shares were issued in the
name of John White and 10,000 of the shares were issued in
the name of Whorley pursuant to a treasury order signed by
Aven, ostensibly as finders' fees;
t)On August 21 1990, 100,000 of the shares were issued in
the name of Jim Barnes pursuant to a treasury order signed
by Aven. These shares were ostensibly issued as
consideration for a mineral claim (record number 3331) in
the Vernon mining division of BC, staked by Plicka and
owned of record by Plicka;
u)On September 12 1990, 100,000 of the shares were issued in
the name of Pengold Resources, a BC company, pursuant to a
treasury order signed by Aven. These shares were
ostensibly issued as consideration for a 50% interest in
mineral property known as the Dunlop Bay property in
Abitibi, Quebec, the details of title to which are not
known to the company;
v)On September 12 1990, 100,000 of the shares were issued in
the name of Ruza pursuant to a treasury order signed by
Aven. These shares were ostensibly issued as consideration
for a mineral claim (record number 7427) in the Liard
mining division, BC, staked by Ruza and owned of record by
Ruza Resources.
All of the impugned share issuances were made pursuant to treasury
orders signed by Newton and/or Aven and delivered to the company's
registrar and transfer agent. Notations on certain treasury orders
indicated that the share issuances were made as consideration for the
rights to mineral properties ostensibly acquired by the company. The
1,950,000 shares were issued and registered in the names of the persons
described above. All but 110,000 of those shares were subsequently
re-registered into street-form (i.e bearer form registered in the names
of a brokerage firm or brokerage firm clearing intermediary). Of the
110,000 shares not re-registered, 10,000 were returned to the company.
Various brokerage firms guaranteed the signatures of the registered
holders.
On October 17 1990 the VSE halted trading in the company's shares
pending clarification of such share issuances. A trading suspension was
issued on November 5 1990. Concurrently with the commencement of the
action on January 23 1991, the supreme court of BC issued an injunction
based on evidence of irregularities regarding the title to the mineral
properties, the recipients of the issued shares and the re-registration
of the shares into street form, enjoining the defendants and their
nominees, (including but not limited to Victoria Diego Resources, Pierre
Lessard, Imo Hudani Syndicated Mineral Properties, Bob Shaw, Lisa
Moffat, Jarowslaw Ruza, Laura Oakley, Rene Hamouth, Mark Cordick, Jim
Barnes and Penn-Gold Resources), from trading, transferring or otherwise
dealing with the shares in any manner and freezing certain brokerage
accounts in which the shares were deposited. The court order obtained by
the company ordered that certain brokerage firms be enjoined from
trading or making delivery of any shares of the company from any of
their client accounts into which any of the impugned share certificates
were deposited. Further, the brokers were to deliver to counsel for the
company all information regarding the numbers and location of any of the
impugned share certificates that are or were in the possession of the
brokers. Pursuant to correspondence received from the brokers, 548,500
shares held by the brokers were subject to the restraint imposed by the
injunction.
Wedgewood Resources Ltd WGW
Shares issued 2,042,000 1993-03-17 close $1.9
Monday Mar 29 1993
On March 26 1993, the BC securities commission advised the VSE that the
company had filed the required records for which it was subject to a
cease trade order dated March 17 1993. However, trading will remain
suspended pending clarification of market activity, share distribution
and the involvement of Mr Rene Hamouth.
Securities Commission SECURITI
Shares issued 0 1993-12-16 close $0
Friday Dec 17 1993
Ms Joyce Maykut reports
On February 26 1991 the Superintendent of Brokers made temporary orders
that statutory exemptions available to Rene Hamouth and Rajiv Vohra do
not apply and that they are prohibited from becoming or acting as
officers and directors
of any reporting issuers;
As the Commission ordered that the temporary orders be extended until a
hearing is held and a decision is rendered and subsequently adjourned
the hearing by consent; the temporary orders were made in reliance on
Hamouth and Vohra being subject to a criminal charge in Ontario that
related to trading in securities; on October 26 1993 Hamouth and Vohra
were acquitted of the charge; as the Commission considers that it would
not be prejudicial to the public interest to do so; it is ordered that
the temporary orders be revoked. Dated at Vancouver, BC, on December 16
1993. |
