North American Tungsten Corporation Ltd (NATUF)

[1manband]

NATUF is bankrupt, in receivership, and defunct. All officers and directors quit last year. The stock has been suspended from trading in Canada and it is illegal for Canadian brokers and persons to trade the stock. The Company is no more. The one asset with any potential, Mactung, was sold to the Government for nothing - just past-due bills. What is left is a closed mine with no economic reserves and massive environmental liabilities. NATUF doesn't even have the cash to maintain the closed mine. The Canadian Government has had to step in and pay for minimal oversight to prevent the environmental issues at the mine site from spreading even further.

NATUF is worthless. The receiver tried to find anyone to take over the assets without success. At this point, it is very likely the Canadian Government will have to step in permanently and assume ownership of the closed Cantung mine and spend the tens of millions of dollars needed to clean up the site. And NATUF's common shares will be cancelled and shareholders will receive nothing.

Anyone who owns this stock will end up with nothing.