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The AMF got a search warrant on the 29 June 2011 for the offices of EGM and IAB Media (Amyot) and found all sorts of goodies on the computer hard drives.
Paragraphs 6 to 9 of the decision.
News coverage has been coming out slowly
http://www.digitaljournal.com/pr/369634
http://www.conseiller.ca/nouvelles/l%E2%80%99amf-tente-de-stopper-une-operation-de-manipulation-de-marche-31299
http://www.lesaffaires.com/secteurs-d-activite/general/amf-interdits-contre-les-dirigeants-de-neuro-biotech-et-wanderport/533091
http://www.cnw.ca/fr/releases/archive/July2011/21/c6798.html
Most interesting read, many connections between Cortelazzi, Ollu and the main Montreal Penny Stock scam artists are made in the Court document.
It would appear that Wanderport (WDRP) has been recently manipulated by Jean Francois Amyot (IAB Media aka: itsabull.com)
Even more interesting is that one of the persons mentioned is a convicted member of the Hells Angels:
http://www.canada.com/montrealgazette/news/montreal/story.html?id=44a45aa5-f329-457c-ba70-9b03de394bd2
http://www.canada.com/montrealgazette/news/story.html?id=ecc4ea68-3c10-4d9b-ae43-932a99e0b646&k=31780
http://gangstersout.blogspot.com/2010/09/hells-angels-were-flying-in-coke-from.html
http://monteregieweb.com/main+fr+01_300+Crown_Prosecutor_charged_with_drug_trafficking.html?ArticleID=438910
I wouldn't be surprised at all that Ollu family members, De Montigny,DeMontigny's son Xavier, Jean Francois Amyot, Dan Ryan have been posting on many of the UMNG, MRES, EGM, HRRN, WDRP financial message boards.
This is definitely going to get messy....
The Cortelazzi Crew heading to Jail soon I hope.
jmo
AMF are moving in again ! ORDERS TO CEASE TRADING AND SHUT DOWN WEBSITE
Alleged market manipulation
ORDERS TO CEASE TRADING AND SHUT DOWN WEBSITE
Montréal, July 21, 2011 – At the request of the Autorité des marchés financiers (the “AMF”), the Bureau de décision et de révision (the “Bureau”) issued a decision on July 11, 2011 prohibiting, in particular, any transaction in the securities of Wanderport Corp. and Neuro-Biotech inc., due to alleged
market manipulation.
More specifically, under this decision, Wanderport Corp., 65705442 Canada inc., Conseils Hilbroy inc. and their officers, directors and employees, as well as Jean-François Amyot, Andrea Cortellazzi and Andrew Barakett are prohibited from carrying out transactions in the security of Wanderport Corp.
The Bureau also ordered Neuro-Biotech inc., its officers, directors and employees, as well as Andrea Cortellazzi and Serge Ollu to cease carrying out any transaction in the securities of Neuro-Biotech inc.
In addition, the Bureau ordered IAB Média inc. to shut down the website “itsallbull.net,” which was used to promote the securities of Wanderport Corp. The Bureau’s analysis showed the complexity of this matter. “What we have here is a case of market
manipulation involving numerous individuals. Over the years, their tactic was to promote the securities of some of the corporate respondents in order to pump up the value. They then sold their securities and pocketed the profits generated by the inflated price,” stated the Bureau.
Serge Ollu and Andrea Cortellazzi face, respectively, 33 and 6 counts of illegal practice as a dealer and illegal distribution in the matter of Ressources minières Andréane. Fines of $404,000 and
$56,000 respectively are sought.
The publication of this press release constitutes the method of service authorized by the Bureau of a decision issued on July 11, 2011 pertaining to the following individuals and companies: Andrea Cortellazzi, Xavier Demontigny, Jacques Vallée, Excel Gold Mining inc., 9157-0945 Québec inc., 9198-6208 Québec inc., Proactive Computer Services, Neuro-Biotech inc. and Wanderport Corp. Decision 2009-026-001 is attached to this press release and is also available on the AMF website (in
French only) at www.lautorite.qc.ca/en/news-2011-pro.html under News.
The Autorité des marchés financiers (the "AMF") is the regulatory and oversight
http://www.lautorite.qc.ca/files/pdf/salle-de-presse/communiques/2011/com21juillet2011-neuro.pdf
Yes ... its the USUAL SUSPECTS with EGM and GGOC.
The Cortelazzi/Ollu/Raynault/Vallee crew were primary beneficiaries.
jmo
Interesting that GGOC is right next to EGM.
http://investorshub.advfn.com/boards/board.aspx?board_id=13682
Most interesting PR:
http://www.excelgoldmining.com/news/25_06_2010.pdf
Many Raynault-Ollu names have popped up in one or more of the "companies", I wonder if the AMF has managed to keep track.
Ah, yes...there's always room for one more in Kingston Pen
The young Ollu's are following in Fraudster Daddy Ollu's criminal footsteps it seems.
jmo
Here's hoping that the entire Cortelazzi crew and Jean deMontigny get extended free room and board in Kingston Penitentiary.
jmo
Could be, the AMF is asking for jail time for Aquagold's Da Silva.
Do you remember Da Silva's failed merger with Coastal Holdings ?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=19569884
http://investorshub.advfn.com/boards/replies.aspx?msg=19569884
http://www.redorbit.com/news/business/892493/coastal_holdings_inc_announces_reverse_merger_with_aqua_gold_international/index.html
http://www.redorbit.com/news/business/1121625/aquagold_international_inc_clarifies_coastal_holdings_relationship_in_shareholder_letter/index.html
Well the AMF is asking Jail Time for Da Silva !
Penal proceedings against Aquablue
AMF SEEKS FINES OF $710,000 AND PRISON TERM
Montréal, July 18, 2011 – The Autorité des marchés financiers (the "AMF") has launched penal proceedings in the judicial district of Laval against Manuel Da Silva, Aquagold International Inc., Sources d’eau bleue du Québec, Aquablue International inc. and Aquablue Spring Water International
Inc. for violations related to illegal distributions. The AMF filed 42 charges and is seeking fines totalling $710,000 and a prison term.
More specifically, Manuel Da Silva faces 32 charges: 14 for illegally pursuing activities as a securities dealer or adviser, 12 for aiding with an illegal distribution, three for declaring that shares would be listed, and three for making misrepresentations. Fines totalling $485,000, or five times the minimum fines set out in the Act, as well as a prison term are being sought.
The AMF filed seven charges for illegal distribution against Aquagold International Inc., Sources d’eau bleue du Québec, Aquablue International inc. and Aquablue Spring Water International, and is seeking fines totalling $225,000.
The AMF investigation showed that 16 investors lost approximately $287,600 in connection with this matter.
On March 5, 2010, at the request of the AMF, the Bureau de décision et de révision (the “Bureau”’) issued freeze and cease trade orders as well as an order to cease any activity as a securities adviser against Manuel Da Silva. A cease trade order was also issued against Aquablue International and
Aquablue Spring Water International Inc.
In its March 2010 decision, the Bureau stated that it was concerned about the allegations and facts presented by the AMF, in particular that Manuel Da Silva had made representations to potential investors about projects to sell bottled water in China, the acquisition of a bottling plant in Smith Falls,
Ontario, and an exchange listing of the shares sold to investors.
The Autorité des marchés financiers (the "AMF") is the regulatory and oversight body for Québec’s financial industry.
– 30 –
Information:
Media only:
Sylvain Théberge: 514-940-2176
Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337
www.lautorite.qc.ca
http://www.lautorite.qc.ca/files/pdf/salle-de-presse/communiques/2011/com18juillet2011-Aquablue-ang.pdf
WOW ... so many Scams ... So many crimes ... little EGM is going to get pushed off the TSX.
jmo
I sense Jail for Jean/John and the Cortelazzi crew.
jmo
And Serge Ollu must not be far behind...
Ollu's son Marc-Alexandre was wandering around EGM's office and as you well know EGM's De Montigny is one of Ollu's partners:
http://cortellazzi.files.wordpress.com/2009/01/ties-that-bind_sml.jpg?w=490&h=674
La Presse reported that Ollu was the person who restructured EGM:
http://lapresseaffaires.cyberpresse.ca/economie/quebec/201006/23/01-4292570-le-groupe-cortellazzi-ne-lache-pas-prise.php
Ollu's son Marc-Alexandre was using the 1411 Peel St. address not too long ago:
Company Name: Investment Traders & Associates (ITA)
Company Address: 1411 Peel Street Suite 600b,
Montreal, Quebec,
CanadaCity/Town: Montreal
Province/State: Quebec
Country/Region: Canada
Zip/Postal Code: H3A 1S5
Phone Number: Please sign in to view contact details
Fax Number: Mobile: Contact Person (Department): Mr. Marc-Alexandre Ollu(Investment Department)
Investment Traders & Associates (ITA) ITA is a Investment company that offer investment solution services, services for public companies such as PARA-legal consultant and advisory, public management, general counseling consultant and advisory.
Member Info » Business Type: Manufacture, Trade, Service, Organization, Retailer, Sourcing Office, Other Number of Employees: 5 ~ 50 Business Scope: Agriculture & Food, Light Industry & Daily Use, Metallurgy, Mineral & Energy, Chemicals, Service, Consumer Electronics, Textile, Electrical & Electronics, Health & Medicine, Transportation Member Since: 2009 Last Sign In Date: Aug 12, 2009
http://webcache.googleusercontent.com/search?q=cache:CB2UsyKNWlIJ:www.made-in-china.com/global-company-index/Light-Industry-Daily-Use-business-4024-358.html+"Marc-Alexandre+Ollu"&cd=35&hl=en&ct=clnk&gl=ca&source=www.google.ca
EGM, UMNG, HRRN & MRES all had the same webmaster: www.zonereseau.com
The same promoter appears for many Ollu/DeMontigny companies: UMNG, MRES, EGM
One of the MRES officers, Mike Yamani has a business a few doors down from 1411 Peel:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61555467
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61542506
Beacon Stocks, a MONTREAL based promoter had been promoting UMNG:
http://www.thefirstreporter.com/press-releases/umining-resources-public-pinkumng-starting-roll-dice-big-winner-beacon-stocks-international/
http://www.emailwire.com/release/53703-GGOC-AND-UMNG-Two-Ways-to-Invest-Spec-Dollars-Reports-Beacon-Stocks-International.html
GGOC, the other company mentioned in the last PR stated that it has claims in Northern Quebec right next to EGM:
"GGOC has amazing land position next to EGM and GMI on the TSX-V. Both EGM and GMI are drilling, so news on either drill program could spark up GGOC."
EGM's Jacques Vallee is an old Cortelazzi,COHG (Coastal Holdings) crony.
Vallee is currently under investigation with Ollu by Revenue Quebec in relation to the IZZA Minerals debacle, both were recently on the receiving end of a search warrant by Revenue Quebec, reported in La Presse
Beacon Stocks is also located not far from 1411 Peel in Montreal:
http://www.emailwire.com/release/51559-Beacon-Stocks-Reports-Excel-Gold-Management-Announces-Montauban-Drill-Program-Will-Begin-Next-Monday-November-15th.html
http://www.thepennystockpicks.com/the-beacon-enewsletter/
http://www.thefirstreporter.com/press-releases/beacon-stocks-international-neuro-biotech/
http://www.bioportfolio.com/news/article/418960/Watch-For-The-Mres-Wave-Now-Announces-Beacon-Stocks-International-On-Neuro.html
Ollu's wife (Denyse Raynault) sold claims to EGM:
http://tmx.quotemedia.com/article.php?newsid=11964333&qm_symbol=EGM:CA
http://www.newswire.ca/en/releases/archive/July2008/08/c2829.html?view=print
http://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?p=23457200&m=23457302&r=0&s=EGM&t=LIST
Langlois Kronstrom Desjardins, the former lawyers for EGM and MRES have been suing IZZA (which belongs to Ollu's wife, Denyse Raynault).
EGM PR's once listed Langlois Kronstrom Desjardins LLP as their attorneys:
Attn: Michel Lebeuf - 1002 Sherbrooke St West, 27th floor Montreal, Quebec, H3A 3L6
http://www.marketwire.com/press-release/Excel-Gold-Initiates-its-Strategical-Development-Program-Exploration-Montauban-Mining-TSX-VENTURE-EGM-1026219.htm
The law suit case number is #500-22-1777440-107:
22-177440-107 LANGLOIS KRONSTROM DESJARDINS * LANGLOIS KRONSTROM DESJARDINS S E N C HONORAIRES 2
MINERAUX IZZA INC REQ INTRO SIGNIFIEE
http://usr.barreau.qc.ca/rolesNew/role.jsp?id=500&cour=Q&typeRoles=1&dateRole=20110127&nomGreffe=Montr%E9al
IZZA is a Serge Ollu venture:
http://www.marketwire.com/press-release/HE-5-Resources-Corp-Announces-Formation-IZZA-Minerals-Inc-Subsidiary-Explore-Canadian-PINK-SHEETS-HRRN-745956.htm
Recently, the office address given by MRES office was also the Langlois Kronström Desjardins law firm according to La Presse:
"L'entreprise a créé une filiale à Montréal, baptisée Les Labo Neuro-Biotech Canada, qui doit s'installer prochainement dans le Technoparc. Pour le moment, cette filiale a donné comme adresse les bureaux de la firme d'avocats Langlois Kronström Desjardins, rue Sherbrooke."
http://lapresseaffaires.cyberpresse.ca/economie/quebec/201009/09/01-4313840-arnaque-boursiere-perquisitions-dans-un-manoir-de-redpath-crescent.php
IZZA is part of the AMF investigation on Cortellazzi & Ollu:
http://cto-iov.csa-acvm.ca/ArticleFile.asp?Instance=101&ID=04E23D59214043A48F67EC3F23407FAC
There's a Revenu Quebec investigation against Andreane (Cortelazzi) and Izza (Ollu) and Vallee:
http://www.communiques.gouv.qc.ca/gouvqc/communiques/GPQF/Septembre2010/08/c8138.html?slang=fr
http://www.newswire.ca/en/releases/archive/July2008/08/c2829.html?view=print
http://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?p=23457200&m=23457302&r=0&s=EGM&t=LIST
All a "misunderstanding" according to J. Michel de Montigny...
ROTFL !!!!
Dear Mr. XXXXXXXXX,
As you have noticed, we have been halted trading Thursday and Friday, but we have resolved the situation on Monday afternoon. A misunderstanding with our transfer agent is the reason for this extraordinary measure to have happen. We have taken all necessary dispositions to correct the situation.
We would like to apologize for the inconvenient it might have caused, and we thank you for your comprehension.
If you would like more information, please don't hesitate to contact me at 514-884-6131 or you can reply to this email as well.
Please accept my sincere salutations,
Yours truly,
J. Michel de Montigny
General manager
Source:https://www.avanza.se/aza/press/forum/postsForUser.jsp?signatureId=37967
Agreed, the AMF, IIROC, TSX, TMX and VSE must be asking rather probing questions because it's taking a long time...
Stay tuned !I have a feeling the fireworks are about to begin.
If Jean deMontigny /John Michaels has touched it ... its a SCAM.
lolol
jmo
"pending clarification of Company affairs"
ROTFL....
EXCEL GOLD MINING INC. ("EGM")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: July 18, 2011
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated July 13, 2011, effectiveat 12:07 p.m., PST, July 18, 2011 trading in the shares of the Company will remain halted pending clarification of Company affairs.
http://www.cnw.ca/en/releases/archive/July2011/18/c6070.html?view=print
http://infoventure.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=NoticesContents&PO_ID=1055263&NOTICE_ID=165228&CORRECTION_FLG=N&HC_FLAG1=checked
De Montigny sent out emails to Swedish investors when the first halt occured.
He posted a cellphone number:
Dear Mr. XXXXXXXXX,
As you have noticed, we have been halted trading Thursday and Friday, but we have resolved the situation on Monday afternoon. A misunderstanding with our transfer agent is the reason for this extraordinary measure to have happen. We have taken all necessary dispositions to correct thesituation.
We would like to apologize for the inconvenient it might have caused, and we thank you for your comprehension.
If you would like more information, please don't hesitate to contact me at 514-884-6131 or you can reply to this email as well.
Please accept my sincere salutations,
Yours truly,
J. Michel de Montigny
General manager
Source:https://www.avanza.se/aza/press/forum/postsForUser.jsp?signatureId=37967
Very interesting considering this info months ago at the height of the MRES run:
TobiasFunke
Share
Tuesday, February 15, 2011 3:50:21 PM
Re: None Post # of 4197
NEWS OUT!
PROCTOR AND GAMBLE TO BUY ALL OS SHARES!
This from Sweedish newspaper!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59959308
He recently used michel_demontigny@yahoo.com for an email address for this domain registration:
Registrant:Michel de Montigny1220 rue rembrandtBrossard, Quebec j4x 2g2CanadaRegistered through: godaddy.com, inc. (http://www.godaddy.com)Domain Name: BILLYTWORIVERS.COMCreated on: 28-Mar-11Expires on: 28-Mar-13Last Updated on: 28-Mar-11Administrative Contact:de Montigny, Michel 1220 rue rembrandtBrossard, Quebec j4x 2g2Canada514 884-6131 Fax --Technical Contact:de Montigny, Michel 1220 rue rembrandtBrossard, Quebec j4x 2g2Canada514 884-6131 Fax --Domain servers in listed order:NS69.DOMAINCONTROL.COMNS70.DOMAINCONTROL.COM
Seems like Excel wasn't paying their Transfer Agent or that TA decided that Excel was not a client they wished to service.
EarnestDD'agree with you... but nice news coming(probably....to follow
EGM Halted by IIROC ... any news as to why??
jmo
Doubt you will ever see it now.
jmo
IIROC - Trading Halt - Excel Gold Mining Inc. - EGM - V
Excel Gold Mining Inc. (TSX:EGM)
Intraday Stock Chart
Today : Wednesday 22 June 2011
The following issues have been halted
by Investment Industry Regulatory Organization of Canada (IIROC):
Issuer Name: Excel Gold Mining Inc.
TSX-V Ticker Symbol: EGM - V
Time of Halt: 1:34 pm est
Reason for Halt: Transfer Agent Services Suspended
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/22/c8475.html
Where's the((3D))result~~What's happen here ..
Abondanceinvest
EGM lawyers suing Serge Ollu's Izza
Sure is interesting that Langlois Kronstrom Desjardins, the lawyers for EGM and MRES are suing Serge Ollu's IZZA:
a good read! http://www.excelgoldmining.com/news/Gemcom3D.pdf
Excel Gold Mining Inc., Announces that it has Retained First Canadian Capital Corp, to Provide Strategic Marketing and Investor Relation Services.
Fri Nov 12, 11:14 AM
* Email Story
* IM Story
* Printable View
Excel Gold Mining Inc. (“Excel” or “the Company”) (TSXV: EGM.V) is pleased to announce that it has retained First Canadian Capital Corp. ("First Canadian" or “the consultant”) to provide strategic marketing and investor relations services. Under the terms of the agreement, Excel will pay First Canadian C$6,000 per month for a twelve month initial term and grant 400,000 stock options at an exercise price of C$(0.15). First Canadian will assist the Company in opening productive dialogue with private investors, analysts, brokers, money managers and other financial professionals. The Consultant will focus on generating market awareness among the investment community as Excel continues to follow up on their already successful drill program.
About First Canadian Capital
Based in Toronto and in business for thirteen years, First Canadian Capital Corp. (www.firstcanadiancapital.com) identifies quality assets and undervalued companies with high growth potential. It has assisted numerous North American corporations in gaining exposure and recognition within the global investment community realizing above average returns.
About Excel
Excel Gold Mining is a Canadian based junior exploration company focused on building shareholder wealth through the acquisition and development of strategic assets in mining friendly jurisdictions, particularly in the province of Quebec.
For further information please contact:
Mr. Martin Harvey
Director, Excel Gold Mining Inc.
(514) 844-8770, #101
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Hmm NOP, talking too fast again !!
stayed still on nice little volume, in other words, A GOOD DAY !!!
lol
And right back down again.
jmo
NOP, UP 3.5% ON GOOD VOLUME!!!
VERY HAPPY SHAREHOLDERS MEETING
you talking to fast!
lolol
EGM is up by more than 500% since April!!
THAT S A BIG WINNER IN ANY BOOK...
ok, and ? what s your point???
specially when on that day there was around 1 500 000 of volume, with more than half buying !! somebody got out.... that s it..
no point, and that s from 3 week ago!!
Significant shareholder selling out per news release:
250,000 Shares were sold on the open market at a price of $0.17 per Share October 13,
2010. The reporting issuer’s shares trade on the TSX Venture Exchange under the call
symbol EGM.
jmo
after it everything will be in place for a NICE RUN UP !!
Fraudster Ollu has a sentencing hearing on October 20/10.
Lets hope he gets his just deserts.
jmo
GREAT !!!! Crooks Cortelazzi and OLLU might end up sharing a Jail Cell together.
jmo
Search warrants out for Jacques Vallee & Serge Ollu
The Quebec AMF, the Police and Revenu Quebec have visited 1212 Redpath Crescent and 4020 Saint-Ambroise:
http://lapresseaffaires.cyberpresse.ca/economie/quebec/201009/09/01-4313840-arnaque-boursiere-perquisitions-dans-un-manoir-de-redpath-crescent.php
http://communiques.gouv.qc.ca/gouvqc/communiques/GPQF/Septembre2010/08/c8138.html
Translation here:
http://translate.google.ca/translate?u=http%3A%2F%2Flapresseaffaires.cyberpresse.ca%2Feconomie%2Fquebec%2F201009%2F09%2F01-4313840-arnaque-boursiere-perquisitions-dans-un-manoir-de-redpath-crescent.php&sl=fr&tl=en&hl=&ie=UTF-8
http://translate.google.ca/translate?u=http%3A%2F%2Fcommuniques.gouv.qc.ca%2Fgouvqc%2Fcommuniques%2FGPQF%2FSeptembre2010%2F08%2Fc8138.html&sl=fr&tl=en&hl=&ie=UTF-8
The Fraudster Serge Ollu is also involved here at Excel I see.
jmo
A very dilutive financing ... done at $0.05 with a warrant at $0.10.
OUCH
jmo
Excel Gold drills 9.0 m of 4.1 g/t Au at Montauban
2010-06-29 12:45 ET - News Release
Mr. Jacques Vallee reports
NEW DRILL RESULTS CONFIRM SIGNIFICANT NEAR SURFACE PRECIOUS AND BASE METAL MINERALIZATION AT MONTAUBAN
Additional drill results from Excel Gold Mining Inc.'s 100-per-cent-owned Montauban Property, 120 kilometres west of Quebec City, continue to show significant near-surface gold, silver, zinc and copper mineralization. The company is exploring this former producing mine and adjacent areas for the potential of hosting an economic open-pit operation.
Highlights of the latest drill results include:
* 4.10 g/t Au and 16.49 g/t Ag over 9 meters in EM-09-40;
* 3.78 g/t Au and 28.26 g/t Ag over 8 meters in EM-09-58;
* 3.13 g/t Au and 13.70 g/t Ag over 8 meters in EM-09-38.
Hole EM-09-38 also intersected three meters of 3.80% zinc and 2.16% copper. All significant precious and base metal assays from this latest set of 10 holes are detailed in the tables below.
In total, 53 shallow holes were drilled to an average depth of only 30 meters with the goal of intersecting the polymetallic mineralized zone in the unmined surface pillar of Montauban. The Company is awaiting assay results for three remaining holes.
Excel Gold Mining grants options at 11 cents
2010-06-25 18:09 ET - Options Proposed
Mr. Jacques Vallee reports
EXCEL GOLD MINING ANNOUNCES GRANT OF STOCK OPTIONS
Excel Gold Mining Inc. has granted incentive stock options to consultants to purchase an aggregate of 6.65 million common shares in the capital of the company, exercisable at a price of 11 cents per share for a period of five years, subject to regulatory approval. The options are subject to a four-month hold period and are granted in accordance with the terms of the company's stock option plan and the policies of the TSX Venture Exchange.
The options are granted to the following directors:
This morning's news coverage on Excel Gold Mining.
La Presse, a Montreal newspaper is running an item on Andrea Cortellazzi and Serge Ollu. Excel Gold mining is mentionned.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51600068
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51600114
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51600068
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51601032
Also: http://cortellazzi.wordpress.com/
GTLU all owning this.
Excel Gold Mining closes $230,000 private placement
2010-06-09 13:03 ET - News Release
Mr. Jacques Valle reports
EXCEL GOLD MINING INC. COMPLETES A $230,000 PRIVATE PLACEMENT
Excel Gold Mining Inc. closed on June 8, 2010, a non-brokered private placement of $230,000, consisting of 4.6 million common shares at a price of five cents per share, each share including a warrant at a price of 10 cents for a period of 24 months. The proceeds will be used toward the working capital of Excel and its exploration programs in Quebec. In addition, the company Allyson Taylor Partners Inc. shall receive a commission of 10 per cent of the amount of the private placement and 460,000 warrants, entitling the holder to subscribe for one common share of Excel at a price of 10 cents for a period of 24 months from the closing.
Each share or warrant issued hereunder shall be subject to a resale restriction of four months from the issuing date.
This placement is conditional on various conditions and on the approval of all governing authorities, including the TSX Venture Exchange.
We seek Safe Harbor.
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