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GLLK: SEC Complaint:
https://www.sec.gov/litigation/complaints/2022/comp25519.pdf
GLLK registration revoked:
https://www.sec.gov/litigation/opinions/2020/34-90595.pdf
$GLLK Tier Change
Grey Market to Expert Market
GLLK SEC Suspension for delinquent Financials:
https://www.sec.gov/litigation/suspensions/2019/34-86440.pdf
Order:
https://www.sec.gov/litigation/suspensions/2019/34-86440-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2019/34-86439.pdf
Does anyone know if the company is even operational anymore lol? Looks like the head of the company stepped down last year
This is a ghost town, sub penny already! Wow!
did ya'll hang on to your minin boots??
Probably fat finger.
Yup i was left with one worthless share pos
Hope you get a reply
I just called the company and left message!!
I am wondering also!!
Any thoughts on what's happening with this company
Be prepared. There is going to be a impressive RUN TODAY.....
If they want to be taken seriously
Company needs to fix the website and get current in their filings.
They scammed alottta people last year read all their filings from last year diluted the heck out of this scam then no bid then split
Beware of any company on the pinks incorporated in Nevada!
Wait for dilution to level off a bit, the price will continue to fall.
What’s going on here ???
Beware of this scam they diluted 20 billion shares then went to no bid then split read all of their filings from last year
Best to wait for dilution to settle down a bit before buying at these crazy levels. This won't stay pennies for very long, not the way this company dilutes. Let's see if they learned anything from the last reverse split.
Until this company lowers the authorized outstanding nobody will take them seriously.
Blackbridge capital
I noticed on my brokerage account it says institutional ownership 4.55%, what institution is holding GLLK shares?
Authorized Outstanding of 20 billion is complete and utter BS!
Does the company answer their phone?
I don't like how management won't respond to my emails.
Who's buying at .10?
Dilution should be kicking in here shortly, I doubt the company will pull in their reigns.
I'd like that...but she's been gone for nine years....
Your mothers house for Christmas dinner .
Where are you going? At .045, the equivalent of .000095 presplit, that's "only" off by about 91%..
And, don't forget, the pre-split price from 18months ago would be, what? ABOUT $900 per share.
Want GLLKD? better bring that Bid back up to .099 Bag Holders are not letting go so easily!!!
Very doubtful. Why? The company will likely be diluting, if not already, then soon enough.
And, after skimming some info available on this other company, I see that, as expected, it has little if anything going on, or prospects worthy of anything worth looking at.
If a merge was to happen does anyone think the share price would go back to what the reverse split was at
0.50
I like your opinion
Looks like $AAEHD & $GLLKD are...
scheduled to lose their 'D' classification 20(twenty) trading days after their reverse split announcement on the 13th Nov which appears to be Dec. 11th
I'm betting they both come out with news somewhere between that Friday and that Monday the 11th saying there was a merger together and $GLLK will be the surviving company with Christopher Vallos still as President. If I'm right, then I'm glad I held onto my shares!!! Gimme that X-Mas present baby!!! Lol
Obviously this is just my opinion, BUT I do believe after all I found, these two are for sure going to merger!
Great Find !!! Thanks For Sharing
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April 24, 2017: Gold Lakes Corp Retires Majority of Convertible Notes LINK: https://globenewswire.com/news-release/2017/04/24/970199/0/en/Gold-Lakes-Corp-Retires-Majority-of-Convertible-Notes.html Beachwood, Ohio, April 24, 2017 (GLOBE NEWSWIRE) -- Gold Lakes Corp., (the “Company”) (OTC PINK: GLLK) an exploration stage Blue-Sky company that specializes in acquiring and developing mining assets today announced that it has retired the majority of its convertible notes taken in the last two years, either thru repayment or thru issuance of shares in a strong effort to reenergize its balance sheet. The Company acknowledged that, although it still requires capital to keep the business going, it will be more judicious in any future financings. Over the past several months, it has focused on reducing the debt exposure on its balance sheet and is assessing new and more cost-effective sources of liquidity to finance its business. "Our stock has been under enormous pressure due to the heavy amount of debt converted into shares and introduced to the market. The dilution of the stock has been a concern to us, and all of our shareholders, and to hopefully see it coming to an end is a relief to us all. Going forward, we will still need to finance a portion of our operations, but we have tightened our belts and will continue to run very lean. We are confident that our approach will result in a significant increase in our stock price in the future." states Christopher Vallos, President of Gold Lakes Corp. Gold Lakes Corporation strategy is to identify and acquire prospective properties in well-mineralized mining areas and advancing these properties toward making new discoveries within the Abitibi Greenstone Belt. |
As a new exploration play in the exceptionally prolific Abitibi Greenstone area, Gold Lakes represents compelling investment and takeover potential.
Gold has spiked over $1,300 for the first time in two years, and the Gold Miners ETF (GDX) has risen 50% since the start of 2016.
Gold Lakes Corporation strategy is to identify and acquire prospective properties in well-mineralized mining areas and advancing these properties toward making new discoveries within the Abitibi Greenstone Belt. For slightly over a century, the legendary Abitibi-Greenstone belt has produced hundreds of billions of dollars' worth of mostly gold, silver, copper and zinc.
This area of Northern Ontario and Quebec is comparable to Nevada's Carlin Trend.
The Abitibi Greenstone belt is an established gold mining district having produced over 100 mines and 180 million ounces of gold since 1901.
Under the direction of industry veteran Ed Morrow GLLK’s VP of Mining Exploration, the Company plans to be on the property presently to ascertain the areas and targets to commence its aggressive drilling program.
The Big Monty lies within the prolific Porcupine-Destor Fault Zone “PDFZ” (110 Million ounces of Au produced to date and adjacent to the North and Northwest borders by St. Andrews Goldfield’s Holt Property (SAS: TSXV) which has 2.8 Million Ounces of measured and indicated resources and 1.1 Million Ounces of inferred resources as of December 31, 2013.
GLLK management intends to prove that the Holt property gold system continues onto its claims.
The 2,846 acre Big Monty was acquired by GLLK in a deal with Flex Mining Ltd. A November 2012 Airborne Survey noted a variety of features characteristic of gold bearing fields within the seven claims making up the property.
Initially, the Company plans to do extensive groundwork and rock sampling, once the current geological report is interpreted, Eventually, an NI-43-101 report will be commissioned to delineate the indicated and reserve figures.
The Company fully intends to explore financing and JV opportunities with potential partners within the Abitibi Greenstone Belt.
Gold Lakes plans to conduct extensive geophysical work and a minimum 2000 metre drill program once financing is secured. The Porcupine-Destor fault system is believed to run generally East-West through the Big Monty property with numerous North East-South West cross faults providing several possible intersecting structural features which could possibly host economic mineralization.
The Abitibi Greenstone Belt area is also noteworthy for impressive grades:
• Bonterra Resources north of Val D’or Quebec, Gladiator Project in a recent announcement generated a high-grade intersection of 137.4 g/t over 2.5 m with coarse visible gold having been observed in the core.
• Oban Mining Corporation in a recent announcement genereated 41.8 g/t Au Over 2.5 Metres at Windfall Lake gold project located in Urban Barry Township, Québec.
• The Hislop mine reported 5.2 g/t of gold in ore. Hislop mine located in the prolific Timmins gold mining district, which lies within the Abitibi Greenstone Belt.
• Macassa gold operations owned by Kirkland Lake Gold Inc., is part of one of Canada’s oldest and richest systems. The Kirkland Lake Main Break system boasts production of 24 million troy ounces of gold over a span of 86 years and average historic grade of 16.5 g/t.
Area
The Abitibi Greenstone Belt
The Abitibi Greenstone Belt is an established gold mining district (comparable to Nevada’s Carlin trend) having produced over 100 mines and 180 million ounces of gold and more than 50 million ounces from the Cadillac Larder Fault Zone, from operations that include Lake Shore Gold’s Timmins West, the Kirkland Lake Gold complex and Goldcorp’s Porcupine. The Abitibi Greenstone area is also known for robust acquisition and takeover activity. In 2015, Oban Mining (OBM: TSX), with a market cap of north of $60 million, acquired five juniors in the region and has taken out several more to date. Oban is focused on a clear strategy of consolidation in the Abitibi and plans to become an intermediate producer within the near future. Its mandate is to drill test targets rapidly and advance or divest the rest. Oban is well financed with approximately $73 million in cash, cash equivalents and marketable securities.
Gold Lakes’ properties are located in the center of existing junior mining companies.
The Big Monty Property consists of 7 claims totaling 2846 acres and is located approximately 70 kilometers north of Kirkland Lake, Ontario, and 68 kilometers east of Timmins, Ontario.
The Big Monty lies within the prolific Porcupine-Destor Fault Zone “PDFZ” (110 Million ounces of Au produced to date and adjacent to the North and Northwest borders by St. Andrews Goldfield’s Holt Property (SAS: TSXV) which has 2.8 Million Ounces of measured and indicated resources and 1.1 Million Ounces of inferred resources as of December 31, 2013.
Gold Lakes acquired 100% of the Big Monty property from Flex Mining Ltd.
A November 2012 Airborne Survey noted a variety of features characteristic of gold bearing fields within the seven claims making up the property.
Gold Lakes has recently acquired 100% interest in 31 claims in the Abitibi Greenstone Belt region. The new acquired land will be known as “The Ponderosa”.
The Ponderosa property consists of 329 claim units encompassing over 13,000 acres and is located in the townships of Frecheville, Stoughton and the Mistaken Islands of Ontario, Canada.
This new acquisition brings Gold Lakes total land holdings in the area to over 15,000 acres.
The company plans to conduct an airborne survey over the Ponderosa claims in the coming months. This airborne survey will tie in with the air borne survey that was previously completed on the Big Monty, to identify specific drill targets.
In addition, GLLK management intends to prove that the Holt property gold system continues onto its claims.
In June 2015 Oban Mining (OBM: TSX), with a market cap of north of $60 million, acquired five juniors in the region and has taken out several more to date. Oban is focused on a clear strategy of consolidation in the Abitibi Greenstone Belt and plans to become an intermediate producer within the near future.
Oban’s mandate is to drill test targets rapidly, advance or divest the rest. Oban is well financed with approximately $73 million in cash, cash equivalents and marketable securities.
In January 2016 Kirkland Lake Gold Inc. (TSX: KGI) closed a $178 million agreement to acquire all the outstanding shares of St Andrew Goldfields Ltd. (TSX: SAS) (OTCQX: STADF).
The new entity will have a strong production growth profile and is expected to produce 260-310k oz gold in 2016 with attractive cash costs between US$600-690/oz gold. Over 50% increase in proven & probable gold reserves to a combined 2.3m oz Au, and over 100% increase in measured & indicated gold resources, supporting long-term sustainable production profile.
Previous Abitibi Greenstone Belt 2015 acquisition activity:
• February 2015: Centerra Gold and Premier Gold Mines became 50/50 partners on Premier’s Trans-Canada Property in Ontario.
• March 2015: Goldcorp acquired Probe Mines for their deposit in Ontario.
• April 2015: Alamos Gold acquired Aurico Gold through a merger to gain exposure to its Young-Davidson Mine in Ontario
• April 2015: Yamana acquired Mega Precious Metals for their Monument Bay Gold Project in Manitoba.
• October 2015: Alamos just bought out Carlisle Goldfields for a premium of 62% to Carlisle’s closing price on October 14, 2015, and a 117% premium to its 30-day volume-weighted average price
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