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Last one I seen said pcfg took back the property. I haven't seen anything since then.
Talking volatile, let`s see how careful they are to keep it at a dollar, then back down....Lol
Under the wire, move for no good reason, did I miss a PR, SEC filing.....
chevy56
Went from a dollar down to 8 1/2 cents LOL
TRAPP,
GMCI, PCFG, showing NA across the board,
chevy56
Right on.LOL
bait...........Lol
chevy56
Always someone willing to buy these things. Usually someone who bought lower trying to make it way high only to sell their cheapies. LOL
over a 81 percent jump?
chevy56
What a deal. LOL
Thanx TRAPP,
Another interesting story....MHO
chevy56
GLTA
GMCI doesn't own anything anymore. pcfg took back the property.
They let their lease on the Butcher Boy claims lapse and then took back the Graysill property.
http://ih.advfn.com/p.php?pid=nmona&article=68384032&symbol=PCFG
Item 1.01 Entry into a Material Definitive Agreement
On August 26, 2015 the Company let lapse all of its mining rights to the Butcher Boy claims that it leased under a lease agreement held through Fernley Gold. These claims reverted to the claim holders, and the Company will write off the value of the leased interests in its financial statements.
On August 31, 2015 the Company acquired the Graysill Mining claims for no consideration, but assumed the annual claims registration fees. These claims had been previously owned by its subsidiary company, Pacific Metals Corp.
Is this one an the same? Lol
chevy56
SureTrader
Home > Boards > US OTC > Miscellaneous > Green Mountain Capital Inc. (GMCI)
NOTE B - ACQUISITIONS AND INVESTMENT
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Gmci Corp. (PL CE) (GMCI)
0.8 ? 0.0 (0.00%)
Volume: 162 @ 11:25:33 AM ET
Bid Ask Day's Range
0.51 1.3 0.8 - 0.8
GMCI Detailed Quote Wiki
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Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/29/2015 4:10:48 PM
waterchaser Member Level Wednesday, 05/10/06 09:52:10 AM
Re: waterchaser post# 402
Post # of 404
NOTE B - ACQUISITIONS AND INVESTMENT
During the year ended January 31, 2006, the company advanced $1,270,000 to
Internet Telecommunications, PLC, based in London, England. On January 13, 2006,
the company executed a Share Exchange Agreement (the "Agreement") with Internet
Telecommunications, PLC, an English corporation ("ITPLC"), the stockholders of
ITPLC. Pursuant to the Agreement, at closing GMCI will acquire all of ITPLC's
issued and outstanding shares of common stock in exchange for shares of common
stock and warrants of GMCI. At the closing, the stockholders of ITPLC shall
exchange their shares of ITPLC's common stock for (a) 22.5 million newly issued
restricted shares of common stock of GMCI and (b) 3.2 million warrants, each of
which shall allow the holder thereto to purchase one share of common stock of
GMCI at a purchase price of $1.00, exercisable prior to January 10, 2011. In
addition, GMCI, prior to or at the closing will invest into ITPLC an aggregate
of $3,000,000, less all amounts previously loaned to ITPLC, and less financing
costs of up to 13%.
The Agreement may be terminated at any time prior to the consummation of the
closing by the company or by the ITPLC stockholders, if (a) the closing shall
not have been consummated on or before April 13, 2006 or (b) if either party's
due diligence investigation indicates that any of the information provided for
in the Agreement or in any of the information provided by the other party is
inaccurate, incomplete or untrue in any way, or if such due diligence
investigation reveals any facts, circumstances, liabilities or conditions that,
in such party's discretion, may adversely affect the value or prospects of the
other party or that may expose the other party to any liability not heretofore
fully disclosed. In addition, the closing is subject, including without
limitation, to the following conditions: (a) prior to the closing, the company
will have caused to be invested in GMCI an aggregate of $3,000,000, less all
amounts previously loaned to ITPLC, and less financing costs of up to 13%; (b)
GMCI shall have received from ITPLC historical financial statements and other
information about ITPLC as required to be included in a Form 8-K/A to be filed
by GMCI with the United States Securities and Exchange Commission in connection
with the closing, all in form and content satisfying the requirements of the
SEC; and (c) all other documents requested by GMCI shall have been delivered.
Just like that we have over 500 million shares outstanding?? Any idea what the other shares were worth before they were exchanged for for gmci shares ?
Some of what I found...looks like gmci corp...
chevy56
GLTA
GMCI Corp. share price Chart Financials Trades Level2
Current Report Filing (8-k)
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Alert
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 23, 2015
GMCI Corp.
(Exact name of registrant as specified in its charter)
Nevada
000-54629
43-2110431
(State or Other Jurisdiction
(Commission File Number)
(IRS Employer
of Incorporation)
Identification No.)
1255 W. Rio Salado Parkway
Suite 215
Tempe, AZ, 85281
(Address of Principal Executive Officers) (Zip Code)
Registrant's telephone number, including area code: 480.830.2700
PACIFIC METALS CORP.
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 26, 2015, GMCI Corp. (previously known as "Pacific Metals Corp."; see Item 5.03 below for more information), a Nevada corporation (the "Company" or "GMCI"), entered into a Share Exchange Agreement (the "Agreement") with all of the shareholders of SBS Mining Corp. Malaysia Sd. Bhd., ("SBS") a Malaysian corporation whose primary business is mining and exploration of properties located in Malaysia. Pursuant to the Share Exchange Agreement, the Company acquired 600,000 shares of capital stock of SBS from the SBS Shareholders and in exchange issued 500,000,000 restricted shares of its common stock to the SBS Shareholders.
The 600,000 shares of SBS constitute all of the issued and outstanding shares of SBS and are held by a total of three (3) shareholders, including the Company's sole director and Chief Executive Officer, Mr. Lok Khing Ming. Mr. Ming owns ten percent (10%) of SBS, or 60,000 shares. The remaining shares are owned by Mr. Liew Chin Loong (90,000 shares; 15%), who resides in Malaysia and LYF & Son Realty Sdn. Bhd., a Malaysian corporation (450,000 shares; 75%). Pursuant to the Share Exchange Agreement, Mr. Lok received 50 million shares of the Company's common stock; Mr. Liew received 75 million shares; and LYF & Son Realty Sd. Bhd. received 375 million shares. As a result of the Share Exchange Agreement, SBS became a wholly owned subsidiary of the Company and the Company now carries on the business of SBS as its primary business. The Share Exchange Agreement contains customary representations, warranties and conditions to closing. The closing of the Share Exchange (the "Closing") occurred on April 23, 2015 (the "Closing Date"). A description of the specific terms and conditions of the Share Exchange Agreement is set forth in the Share Exchange Agreement filed herewith as Exhibit 2.01.
SBS Mining Corp. Malaysia Sdn. Bhd. is a producer of metal ore and is focused on producing iron ore, bauxite and tin ore. Currently SBS is principally engage in the prospecting of minerals and to carry out the mining of minerals upon successful exploration.
SBS holds licenses to the following two (2) properties on which it is prospecting for iron ore mining:
NO
Mining Land
Mining Area
(Hectares)
1
Sungai Bekil, Mukim Of Batu Talam, State Of Pahang Darul Makmur, Malaysia
50
2
Sungai Semeriang, Mukim Of Batu Talam, State Of Pahang Darul Makmur, Malaysia
50
The total mining area measures approximately 100 hectares (247 Acres).
Due to the continued bearish trend for iron ore prices, SBS believes that iron ore price will eventually fall to $30. Therefore SBS Mining is now moving into bauxite mining and trading in the surrounding area. China imported 14 times more bauxite from Malaysia in November 2014 than in March 2014, after an export ban in Indonesia stopped supplies of the ore to the world's biggest consumer of industrial metals.
Bauxite mines are springing up in Malaysia and shipping an ever-increasing amounts of the raw material used for the production of aluminum to China, helping fill a gap since Indonesia banned ore exports in January 2015 in a bid to encourage value-added processing at home.
China will need around 130 million tonnes of bauxite next year to feed its fast-growing aluminum industry and must import about 36.8 million of that, according to consultancy CRU. "Definitely bauxite imports from Malaysia will increase significantly next year," said Wan Ling, an analyst with CRU in Beijing, forecasting the country's shipments to China could reach 10 million tonnes. During the first nine (9) months of 2014, Malaysia supplied just 1.27 million tonnes to China and that was 12 times more than the 105,000 tonnes shipped in the same period of 2013.
Someone had a updated post on this, cannot find it...
Looks interesting, if it`s our deal...
chevy56
GLTA
Is that the same company?
Anyone notice GMCI (PL CE)....?
chevy56
Same here, would not invest a cent with these guys...MHO
chevy56
GLTA
The Only shares I have are from the spinoff divvy which had since been reverse split into the new company. Not worth much.
Not going to hold my breath, bad investment here all the way around....
chevy56
GLTA
take care
Anything happening yet?
Got to have first cup of coffee,,,,
This one make`s me nauseous...
chevy56
GLTA
Lol,
Know doubt.......MHO
chevy56
GLTA
Fat Finger trade?
Another R/S ?
chevy56
GLTUS
Another shell game...MHO
chevy56
GLTUS
Y/W, Badgerbob.
Wonder what comes next and why the name change.
Thanks for the info.
Pacific Metals Corp., PACM, changed to GMCI Corp., GMCI:
http://otce.finra.org/DLSymbolNameChanges
(Oddly), good word, concerning this company.....Lol
chevy56
GLTUS
The reason for the late 10K was oddly interesting , but couldn't copy and paste it from my mobile.
Thanks badger, have not seen it....
chevy56
GLTUS
NT10K filed on April 2nd
Yeah, dead as a door nob....Lol
chevy56
GLTA
Price keeps dropping post R/S
Lol, not a bad idea...
chevy56
badgerbob,
I think your very right, have neighbors preparing, myself included....
chevy56
GLTA
Lol. You better higher a promo team .
Im going to buy a shell company and merge into it and sell snow cones this summer.LOL
You hoarding snow or something Trap!
Hi Chevy and trapper. Going to be a lot of towns In bad shape all through central and southern Cali. if there isn't some significant rainfall soon.
Sounds nice.
Same to you TRAPP.....
We have a Lake few blocks from home, watching water levels drop fast, it`s a small lake, connected to Lake Arrowhead...big lake miles away from home...
anyway chevy 56
GLTA
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The Company owns 40 unpatented lode mining claims in San Juan and Dolores Counties, Colorado immediately southeast of Bolam Pass.
Description and Location
The claims are located at an elevation of 11,000 feet above mean sea level and are accessible by a dirt road that is maintained during the summer months by the United States Forest Service. The property, which is referred to as the Graysill Property, encompasses the historic Graysill Mine, a past producer of vanadium and uranium ore. The Graysill Mine is known to have produced vanadium and by-product uranium during a period of approximately twenty years after World War II. Before the mine ceased production, approximately 32,000 tons of ore were mined with a reported grade of 2.41% vanadium pentoxide and 0.09% uranium oxide. In 1989, representatives of the United States Department of the Interior, Bureau of Mines Division, examined a number of abandoned mines in the San Juan National Forest, one of which was the Graysill Mine. Subsequently, in 1992, the Bureau of Mines produced a Mineral Land Assessment Open File Report titled "Mineral Appraisal of San Juan National Forest, Colorado". Most of the information relating to the Graysill Mine and the geology and mineralization of the general area within which the Graysill Property is located was obtained from this Open File Report.
The property is underlain by a gently dipping assemblage of Paleozoic and Mesozoic sedimentary rocks within which vanadium and uranium occurs in many of the rock units in a stratabound manner, exhibiting little or no apparent relationship to regional structural trends. Although vanadium and uranium occurrences are ubiquitous and are known to exist in over 20 distinctly different sedimentary units in the vicinity of the property of American Uranium, the Pennsylvanian-Permian Rico Formation and the Upper Jurassic Entrada Sandstone are the only formations which have been mined previously for vanadium and uranium. Most of the past production has come from the Entrada Sandstone. Historically, there have been a number of uraniferous vanadium deposits developed in the Entrada Sandstone along a sinuous trend extending in a north-south direction for over 100 miles. This trend coincides with a major structural feature representing a transitional zone between the Colorado Plateau and the Southern Rocky Mountain physiographic provinces.
LIST OF 40 MINING CLAIMS
Pacific Metals Corp 848 N. Rainbow BLVD. #2987 Las Vegas Nevada 89107-1103 Customer ID 2241141 Serial # Claim # Lead Serial # Disposition
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NEWS
7/23/2012 http://www.pacificgoldcorp.com/news120723.html
PCFG - Pacific Metals SEC Reporting and Historical Geology Report
Pacific Metals Inc. has received the final version of its commissioned geologist report on the Graysill Mine project. The report contains sections including; location and access, production history, development of the Graysill mine, exploration history, geology of the area, ore genesis of the Graysill deposit, potential resources, along with various maps. The report also contains recommendations for the second phase of an exploration for the project, including sampling and drilling, as recommended by the geologist consultant. The recommendations are being studied by the Company for implementation as soon as practicable.
Mar 15, 2013 http://www.otcmarkets.com/stock/PMET/news
Pacific Gold Corp.: Pacific Metals Corp. Approved for OTCBB Quotation
TORONTO, ONTARIO, Mar 15, 2013 (MARKETWIRE via COMTEX) -- Pacific Gold Corp. (OTCQB: PCFG)(PINKSHEETS: PCFG), Pacific Metals Corp. (OTCBB: PMET) -Pacific Gold Corp. (the "Company") announced today that, effective March 15th, its subsidiary Pacific Metals Corp. was approved for an OTCBB quotation by FINRA. Pacific Metals Corp. will trade under the symbol: PMET.
PMET Security DetailsShare Structure
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