SI
SI
discoversearch

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.
Microcap & Penny Stocks
Snowfield SNO CDNX
An SI Board Since January 2000
Posts SubjectMarks Bans
3 2 0
Emcee:  Dou_Sun Type:  Unmoderated
Check out this stock. They announed that they are in talks with an internet company and will release news on it in the next 10 days. Not a lot of shares outstanding.

(SNO) Snowfield Resources Ltd.

Symbol: SNO

Company Type : Resource
Head Office Address : 604, 675 West Hastings St.
Vancouver
British Columbia
Canada
V6B 1N2

Telephone Number : (604) 681-5720

FAX Number : (604) 681-6937

Transfer/Agent :
--------------
Pacific Corporate Trust Company, Vancouver

Cusip Number : 83340C
Exchanges : CDNX

Incorporation date and place
----------------------------
British Columbia July 9, 1987

TSE300 Indicator : No
Code : 0198
Group : Mineral Exploration

SIC Codes : 1098

Has gold prospects in Alaska and polymetallic prospects in British
Columbia.
Holds option to acquire Snow and White polymetallic prospects, 129
cls., 45 km west of Port Alberni, B.C., for payment of $450,000 cash,
exploration expenditures of $1,730,283 by Nov. 30, 2000 and issuance of
200,000 common shs.
In January 1999, agreed to acquire gold prospect, 7,604 hectares,
Goodpaster River area, east-central Alaska.
In October 1999, proposed share consolidation on basis of 1 new share
for up to 5 old shares.

Directors
---------
Robert T. Paterson
Director, president & chief executive officer, Vancouver, British
Columbia.
John J. Nagy
Director, chief financial officer, Richmond, British Columbia.
Marvin A. Mitchell
Director, Vancouver, British Columbia.

Subsidiaries
------------
Wholly Owned Subsidiaries - Taylor River Resources Ltd.

Shareholders
------------
Robert T. Paterson held 31.4% interest at January 31, 1999.

Capital Stock
-------------
Authorized Outstanding (1)
Common 25,000,000 shs. 6,032,971 shs.
(1)At Apr. 30, 1999; 750,000 shs. held in escrow.

Long Term Debt
--------------
At Apr. 30, 1999, the company had no long-term debt.

Fiscal Year: Apr 30

Financials
----------
Fiscal years ended Apr. 30: 1999 1998
----- $000 -----
Pre-tax income..................... (436) (202)
Net income......................... (436) (202)
Current assets..................... 5 175
Explor./devel. properties.......... 609 390
Total assets....................... 613 565
Current liabilities................ 163 18
Shareholders' equity............... 451 547
Unissued capital reserve........... 59 . . . .
Cash flow.......................... (436) (202)
Cash from oper. activ.............. (299) (236)
Net cash position.................. nil 167
Explor./devel. expenditures........ 172 37
------- $ -------
Earnings per Common sh............. (0.095) (0.076)
No. of com. shs outstanding........ 6,033 4,279
HISTORICAL SUMMARY.
Fiscal Operating Net Income Earns. per
Year Revenue Before Ext. Common sh.
-------- $000 --------- $
1999....... . . . . (436) (0.095)
1998....... . . . . (202) (0.076)
1997....... . . . . (127) (0.104)
1996....... . . . . (30) (0.025)

Auditors
--------
Rutherford and Company, Chartered Accountant, Richmond, B.C.

Price Range - SNO
Year High Low Close
1998.... $0.54 $0.08 $0.19

Capital Changes
---------------
In January 1998, completed initial public offering of 910,000 units
(1 common sh. & 1 Ser.A wt.) at 50c per unit and 390,000 flow-through
common shs. at 55c per share. Also during fiscal 1998, issued 1,649,220
common shs. at 25c per share for seed shares and 100,000 common shs.
for mineral properties.
During fiscal 1999, issued 1,629,000 common shs. for cash proceeds of
$254,350 and 125,000 common shs. for resource property acquisitions.
 Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
 Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):