Atlas Engineered Products Ltd. (APEUF)

[DDhawk]

Per their Mar 28th 2013 Sedar Audited Financials...
http://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00009227&fileName=/csfsprod/data140/filings/02037912/00000001/C%3A%5CSEDAR%5CFILINGS%5CSingle%5CArcher%5CFS032813.pdf
...from pg24, Archer appears to have used part of the proceeds of a Jan2013 private placement sale to pay-off an outstanding $600K+ loan & another one for $200K+ (see pgs25&26)
...from pg14, in Feb2013, Archer made the 1st of 3 installment payments to formally exercised their option to acquire a 100% interest in the Pardoe Lake Uranium Project in the Athabasca Basin, Saskatchewan
...from pg25, the new tech they've "acquired the rights to purchase and use", is an additive for the extraction & recovery of bitumen & oil from tar sands...this one: http://www.epa.gov/oem/content/ncp/products/sandklene.htm ...further details can be seen in the this Mar6th Archer/Imperial Chemical bulletin: http://www.prnewswire.com/news-releases/tsx-venture-exchange-daily-bulletins-195760331.html
...and from pg26, something I hadn't heard about before...in Dec 2012, Archer purchased prospective tar sands acreage (168acres) in Logan County, Kentucky from Mandeley Energy LLC. In Mar 2013, Archer 'leased' an additional 172acres of contiguous land from Mandeley & made an additional provisions for Mandeley to receive incidental royalties from the above transactions as well as upon delivery of "sales" to the US Gulf Coast.