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Any updates on BHMNF
TIA
Anyone have any updates? Thanks in advance!
Yes, thank you for keeping us updated.
Thanks a bunch for the update -
Lawsuit filed in Alberta on July 25th. Brookfield has 30 days to respond. I am sure this case will take some time to be sorted out.
Not much out there. Just these oldies:
http://www.theglobeandmail.com/report-on-business/industry-news/the-law-page/squeezed-out-birch-mountain-shareholders-take-on-brookfield/article4251993/
http://jimymac.blogs.com/shareholdersforjustice/2011/02/birch-mountain-resources-an-asset-even-warren-buffet-could-have-loved-.html
Then these more current ones, showing nothing much different:
http://jimymac.blogs.com/shareholdersforjustice/lawsuit/
http://brookfieldclassaction.com/
Do you or anyone know what the status of the case is?
Up/down, up/down.....Now probably down, for good.....Swines....
Looks like its back on the grays. The listing will be revoked by September 15 if nobody is heard from. I'll have to find out whats the status of the litigation nowadays. Thats the only reason for this listing to be around, to collect in case the company wins.
Weeee.....It's back to tradeable, and going nowhere.....
I wonder if there is anyone who cares enough to keep the stock listing active.
BHMNF: SEC Suspension:
http://www.sec.gov/litigation/suspensions/2013/34-69577.pdf
ORDER:
http://www.sec.gov/litigation/suspensions/2013/34-69577-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2013/34-69578.pdf
Looks like this moves with slightest buying pressure.
Not that I know of. Don't follow that closely though, just been holding a long time. Others here may know.
I jumped in a bit ago - any word on upcoming hearings?
Still HOLDING. BHMNF
Yes, I see. Thank you, Holding. Thinking there is much more going on here than that, and until it is clear, I am not going anywhere.
Best of luck to us all.
If you haven't been to the site in awhile....... check it out
http://jimymac.blogs.com/shareholdersforjustice/
Looky, looky, here....GREEN....very nice.
Happy New Year to all.
HOLDING!
:)
OK thank you. HOLDING
The case was dismissed, but the jurisdiction is set......onward to Alberta.
Any news? Look at the ask. What's up with that?
Great news, thank you.
Still HOLDING.
SUPREME COURT OF CANADA -- JUDGMENTS TO BE RENDERED IN LEAVE APPLICATIONS
OTTAWA, 2012-11-13. THE SUPREME COURT OF CANADA ANNOUNCED TODAY THAT JUDGMENT IN THE FOLLOWING APPLICATIONS FOR LEAVE TO APPEAL WILL BE DELIVERED AT 9:45 A.M. EST ON THURSDAY, NOVEMBER 15, 2012. THIS LIST IS SUBJECT TO CHANGE.
Wanda Bond v. Brookfield Asset Management Inc. et al. (Ont.) (Civil) (By Leave) (34885)
FROM: SUPREME COURT OF CANADA (613) 995-4330
http://scc.lexum.org/decisia-scc-csc/scc-csc/news/en/item/4140/index.do
The 3 Judges will decide if the case is merited to be heard by the Supreme Court.
http://jimymac.blogs.com/shareholdersforjustice/2012/10/progress.html
Looking better, still holding. Maybe news soon.
Huge Volume today 1.1 million shares traded.
Supreme Court of Canada (SCC) here we come!
http://jimymac.blogs.com/shareholdersforjustice/
Hammerstone must be quite busy.....Feel free to e-mail the writer and ask him about the lawsuit between the shareholders and Brookfield or comment on the article.
Limestone mine set for growth in Fort McMurray
May 31, 2012. 1:59 pm
Job 1 when it comes to building an oilsands project in northeastern Alberta is building a road through the marshes, so it was surprising that Calgary-based Birch Mountain Resources Ltd. lost its battle with creditors and had to give up its Fort McMurray-area limestone operations a few years ago.
The new owners, Hammerstone Corp., a subsidiary of Toronto private equity firm Tricap Partners II LP, bought assets including nearly one billion tonnes of limestone reserves from court-appointed receiver PricewaterhouseCoopers Inc. in 2009.
Tricap, an arm of Brookfield Asset Management Inc., then appointed former Trimac Transportation Services Inc. president Terry Owen as president of the new company.
The circle was completed Thursday when Trimac announced it had won a three-year contract with Hammerstone to transport its products, a deal it estimates will result in $36 million in revenue. That’s a lot of gravel.
“The Hammerstone contract enhances Trimac’s market presence in the Fort McMurray region. As a result of this award and the existing products and services we perform in this key economic hub of Alberta, we anticipate additional growth opportunities and employment for our professional drivers,” said Ed Malysa, president and chief operating officer of Trimac, in a news release.
Trimac’s limestone aggregate hauling operations are expected to reach full capacity in the third quarter of 2012.
– dhealing@calgaryherald.com
You can follow them on Twitter as well under
@BirchMountain
The Blog site is very informative and has great details about what has transpired over the last few years. Go back and look at the archives on the site. The team has done an extraordinary job in keeping us abreast of the situation.
Also, the lawyers have this website you can go to for the legal documents presented in the case thus far.
http://www.brookfieldclassaction.com/index.htm
Jay,
My name is David Johnson and I am a consultant with the legal team for this class action. To register as a class member please contact Wanda Bond the representative plaintiff. Her email address is wjbond7@yahoo.com.
David
GM Jay, here you go--this is the official class action blog:
http://jimymac.blogs.com/shareholdersforjustice/
Also, email:
birchmountain@hushmail.com
Poster 'investorhub123' is in better contact with the class action people than me, he might be able to help too.
As an owner of BHMNF stock since 2-27-07 what do I need to do to enter the class action suit? Any info you have in this matter is appreciated. I will await your reply. Thank you!
Jay Langer
Hopefully we will be able to use this Delaware court ruling to our advantage in our upcoming case in Alberta.
Investor, posting this here since Brookfield is involved:
http://www.tribune242.com/01202012_Kerzner_business_Page1-3
Thanks! At some point someone should notice 'serial behaviour' of BAM
Yes, been like this for many months.
Steady daily accumulaAtion on the bid.
Eerily quiet.......
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The receiver was appointed at the request of Birch mountain's principal creditor, tricap Partners ltd.,which gave a$31.5-million loan last december, after the company failed to meet an oct. 31 deadline to either sell itself or raise$10 million.
CONTD.
Tricap Announces Launch of Hammerstone Corporation and Appointment of its President
CALGARY, ALBERTA, April 3, 2009 — Tricap Partners II LP (“Tricap”), part of the Brookfield Asset Management Inc. group of companies, is pleased to announce that its newly established subsidiary, Hammerstone Corporation (“Hammerstone” or the “Company”), has successfully purchased the assets of Birch Mountain Resources Ltd. from PricewaterhouseCoopers Inc. as Interim Receiver.
Hammerstone’s assets include approximately 1 billion tonnes of limestone reserves within the Athabasca oil sands of Alberta to the north of Fort McMurray. These reserves are located in the existing Muskeg Valley Quarry and related “Hammerstone Project” which collectively encompass over 50 years of production life within its 3,600 acres. The Hammerstone Project, which is subject to regulatory approval, contemplates expanded quarry operations together with lime and cement plants. The Company also acquired permits and leases for limestone and other minerals covering over 700,000 additional acres in the surrounding region.
Tricap is also pleased to announce that Terry Owen has been appointed President of Hammerstone. Prior to joining the Company, Mr. Owen was the President of Trimac Transportation Services Inc., the leading provider of bulk trucking and logistics services in North America.
In commenting on the completion of the purchase Mr. Owen said: “I am very pleased to be associated with Hammerstone and Brookfield Asset Management. Brookfield has a long and successful history in the mining industry and we are excited about the opportunity to work together with Tricap in launching a new, well-capitalized company and establishing ourselves as a leading supplier of high quality crushed limestone products in Western Canada. The vast limestone reserves acquired by Hammerstone are in the heart of the oil sands area of Alberta where the long-term prospects for growth remain very positive”.
Mr. Owen also added: “Our new management team and dedicated group of employees in place at our quarry look forward to working with the First Nations communities and providing our ‘Limestone Advantage’ products to our customers.”
For more information contact:
Terry Owen
President, Hammerstone Corporation
(403) 297-1679
TerryOwen@hammerstonecorp.com
Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has approximately US$80 billion of assets under management and is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM and BAM.A, respectively and on NYSE Euronext under the symbol BAMA. For more information, please visit the company’s web site at www.brookfield.com.
Tricap was established by Brookfield Asset Management to provide a source of patient, long-term capital and strategic assistance to mid-market companies based in North America. With strong industry and financial management expertise, Tricap is well positioned to assist companies in building value over the long-term.
This press release contains forward-looking information and other “forward-looking statements” within the meaning of certain securities laws including Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. The words “will” and “expected” and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements. Although Tricap believes that the anticipated actions expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors which may cause the actual outcome to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include: economic and financial conditions; the behaviour of financial markets including fluctuations in interest and exchange rates. We caution that the foregoing list of important factors that may affect future results is not exhaustive. The company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.
BHMNF Link for filings:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003909
BHMNF Share Structure / Comments:
Common Shares outstanding as of June 30, 2008, as reported in the Issuer’s Unaudited Interim Consolidated Financial Statements for June 30, 2008, as filed with the SEC by the Issuer on August 18, 2008, as Exhibit No. 99.2 to its Form 6-K 84,355,737 Common Shares
"Effective December 3, 2008, Tricap purchased, by way of a private agreement, a portion of the Issuer’s unsecured subordinated convertible debentures in the principal amount of 29,280,000 Canadian dollars (“C$”) (the “Unsecured Subordinated Convertible Debentures”) for nominal cash consideration and other non-cash consideration.
Tricap may be deemed to be the sole beneficial owner of 8,872,727 Common Shares that would be issuable upon conversion of the Issuer’s Unsecured Subordinated Convertible Debentures, which represents approximately 9.5% of the Common Shares outstanding.
As previously reported, on December 21, 2007, Tricap purchased the Issuer’s secured senior convertible debentures due June 30, 2012 (the “Secured Senior Convertible Debentures”) in the principal amount of C$31,500,000 from the Issuer. The aggregate purchase price was C$31,500,000 in cash, and the source of Tricap’s funds was from a capital call on the investors of the fund managed by Tricap. On August 1, 2008, Tricap and the Issuer entered into an Amending Agreement amending, among other things, the aggregate principal amount of the Secured Senior Convertible Debentures to $34,500,000. The Secured Senior Convertible Debentures are convertible into Common Shares at the lower of $0.40 per Common Share and the current market price of the Issuer’s Common Shares at the time of conversion. The Issuer’s current market price is below C$0.01 per Common Share and thus, for the purposes of this filing, it has been assumed that the conversion price of the Secured Senior Convertible Debentures is C$0.01 per Common Share.
----- SC 13DA on 12/16/08.
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