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Here WE GO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
MERGER...I found it!! Don't read this...
- Nov. 13 President of $GLLK says in PR ..."pursuing potential acquisitions...Further updates will be announced in the upcoming weeks".
- Nov. 20 $AAEHD quarterly report filing states ..."On September 15, 2017, the Company’s Board of Directors approved a merger with All American Energy Corp."
- Scroll down to ITEM 6 second paragraph in the same filing above and $AAEHD says ..."On August 29, 2017, the Company entered into an LOI for a Lithium Mining Asset, and is looking to acquire
additional Mining Assets. Once definitive agreement is signed, The Company will be classified as an “exploration stage company”.
- Hmmmmmmm...an "exploration stage company"?!! Isn't that what $GLLK is?
- I found that in Cobalt, Ontario as of 2016 there has been a huge find in mining a metal for LITHIUM-ION batteries. Cobalt, Ontario is only 67 miles from $GLLK land which sits in Kirkland Lake, Ontario. MAKES YOU WONDER, DOESN'T IT?!!
- Also in the $AAEHD report in ITEM 6 third paragraph it states ..."The Merger is related to the Company’s revised business plan and the Company will be the surviving company of the Merger."
- Does this possibly indicate $GLLK found something in which benefits the growth of $AAEHD???? VERY INTERESTING!!
- That aside; in ITEM 8 it states ..."On May 2nd 2017, the Company has entered into a Consulting Agreement with Mr. Christopher P. Vallos, to serve as its President, Chief Executive Officer (“CEO”) and sole member of the Board of Directors, effective May 2,2017."
- Going back to $GLLK PR on Nov. 13 it states ..."The company is currently working on the Fiscal Year-End Audit, which BF Borgers, CPA is the new auditor for Gold Lakes Corp." Scroll down to ITEM 9 THIRD PARTY PROVIDERS and it states the Accountant or Auditor is none other than BF Borgers CPA. Hmmmmmmmm...ANOTHER COINCIDENCE?!!
IMO; I believe after all this research, I recant my last post and Christopher Vallos has had good intentions all along and that $AAEHD and $GLLKD are mergering and potentially on the land of Gold Lakes they found something to benefit and grow All American Energy Corp. and considering Companies like Tesla are looking for rich Lithium mines other than the mines of Africa where child labor is found to be used, perhaps Mr. Vallos has a plan. The future is Lithium-Ion batteries for vehicle production moving solely in the direction of clean energy. Obviously this is just my opinion through research found from being frustrated with $GLLK. I use to have over 5 Million shares of $GLLK now I own just 1,050 so by no means am I a big shot...like I said out of frustrational research I came across all this info.
Either way; there's an announcement in the next week or two which is going to release who $AAEHD merged with and plus $GLLK even though they're delinquent in releasing their earnings report should also be releasing a report shortly as well. SO HUGE THINGS MAY HAPPEN STILL...I'm continuing to hold my lousy 1,050 shares.
All links below:
http://www.otcmarkets.com/financialReportViewer?symbol=AAEHD&id=183108
https://finance.yahoo.com/news/gold-lakes-corp-announces-shareholder-141100092.html
https://www.google.com/maps/dir/Kirkland+Lake,+ON,+Canada/Cobalt,+ON+P0J+1C0,+Canada/@47.7897471,-80.6427677,8.75z/data=!4m13!4m12!1m5!1m1!1s0x4d2414c07d31abe5:0xc3658bc9a0f2f014!2m2!1d-80.031517!2d48.1497173!1m5!1m1!1s0x4d2671fa1002e325:0x7080b99c2d7a2f40!2m2!1d-79.6860815!2d47.3953302
https://www.google.com/search?client=firefox-b-1&ei=Z-AVWqS-H8eq0gLa2bLoBA&q=lithium+in+cobalt+ontario+&oq=lithium+in+cobalt+ontario+&gs_l=psy-ab.3...28220.34465.0.34863.8.8.0.0.0.0.189.1068.0j8.8.0....0...1c.1.64.psy-ab..0.3.427...0i22i30k1j0i13i30k1j0i8i13i30k1.0.OcpsTihTzDQ
http://goldlakes.com/area.html
Good luck to everyone and Happy Thanksgiving!
What a stupid RS happened here unbelievable i got average $2.09
SEE, I TOLD YOU...what a pos!!
Christopher Vallos, President and CEO of $GLLK is now President, Treasurer, Director and Secretary at All American Energy Corp (stock ticker $AAEHD) See link below! I found an article similar to this information about two months ago. This a$$hole has had no intention with any of his efforts as President of Gold Lakes Corp. to deliver on any of his PR statements and/or responsibilities as President of Gold Lakes. It's obvious where his focus and efforts were and are now...at All American Energy Corp. He couldn't even put out the damn earnings report with the extra 15 days grace period. He's done with Gold Lakes it seems...EVERYTHING WAS A SCAM SINCE MARCH!!!!!
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=tqKviPhoomSzq8XdZ7CU9w%253d%253d
I'll get my money back if it climbs to $5.59, what a joke,
Glad I only took a small position here!
Gllk live and learn, another tax write off!!! It pays to do your own DD. My fault
Gllk should be a shame of themselves for such cruel behaviour stick didn’t move for months reverse split 1-5000 the first day of trading its at 0,05 I lost $2000 on top of the $2800 I was down already since the shitty stock wasn’t moving they made the stock look good to others at 0.50 then they crash it so other people would rush to buy at 0.05 hoping it will climb back to 0.50 that’s nasty manipulation this stock will end up like shate I had 26 million shares and now it’s worth less than $200 fuck Gllk and it’s manipulators
What a complete crock. Holding the little I have left. Hopefully it f**ks with their accounting.
The odds aren't that good. This is headed straight into the crapper... It's already worth less than .00001 pre-split....It will never recover, or if it does, it will be short-lived.
I'm still holding! it's a lotto play
Wow that split took me from 279000 to 55 shares..
244,000 sold today equals 1.2 Billion shares dumped so far...SMH!!!
there supposed to release their annual report soon....so hopefully that'll help some of us break even
Someone just sold 131M shares!!!
Yesterday was the first day and there wasn't anywhere near 26 thousand in volume...someone just dumped 26,200 at .05. That 26,000 is equivalent to 131 million shares prior the split...WTF?!! AND we have douchbag VNDM asking only .10...this is soo crazy!!!!!!
.3888 How did that happen ? I'm actually green.. lol.
"just"? That's been the case here since mid-summer 2016, about the time they started diluting like crazy.
Why? It will be sub-penny soon enough.
Damn mighty nice of you to drop by and put salt in the wound, especially since you were pumping this stock a while back.
let the dumping begin don't worry this wil be @ .0001 in days ! already Dropping and we cant even sell yet!
Short and simple you just became a victim of legal theft!
if you could buy more between .5-.10, would you?
Can someone make me understand what just happened with the share price
$GLLKD has 1084 shares sold so far...
Looks like some douchebag is selling really cheap...the ask is still the normal split range approximately .50 but down to .47 now. I don't know whats gonna happen but at this rate I'm screwed with a huge learning lesson smh.
My TD Canada is showing .50cents
Yes, E trade is the same, but it happened also with DCTH when they did an R/S. It showed $0 and I had lost all my $$ but it traded the next day.
I did call E trade on GLLK, and they know about the R/S which is scheduled for today but said I couldn't sell (or buy) until they have the shares transferred, so it will most likely show up tomorrow. Hope that helps. Should be an interesting day.. lol.
I always said that is a "possibility". They own alot of land, and if they didn't find gold, (which apparantly they didn't), as of yet.. the land is very valuable. Who knows. All of us are still holding, and no news at all. I think "possibly" and that's a shot in the dark, that after the R/S, the shares will still be the same price or even much less with the R/S.. so basically back to the same price structure But, they could also release a PR sometime later and announce a buy out. I'm not banking on anything here, figured it was a loss a long time ago, but anything is possible. We will find out soon though. E trade said R/S should have taken place today as they already have the ticker change but not showing up and cannot sell or buy right now. Tomorrow or AH possibly will be the change. GLTY all holding
Anyone showing R/S on their screen ? E trade is messed up and saying it will trade tomorrow. Thought it was today.
$GLLK $GLLKD Announces update...
https://finance.yahoo.com/news/gold-lakes-corp-announces-shareholder-141100092.html
In the meantime I can't even sell if I wanted to...with TD Ameritrade Thinkorswim it shows I lost all my shares; I don't really understand. I never been through a RS before...How does it work? Any thoughts or feedback would be appreciated...thanks!!
GLLK one for 5,000 reverse split:
http://otce.finra.org/DLSymbolNameChanges
Y’all will be 5,000% richer very soon lol...j/k can’t joke about these things. I’ve been through them several times in the past. Never fun. GLTA.
not all hero's wear capes
Thank You for the update.
1:5000 R/S Monday, per FINRA: http://otce.finra.org/DailyList
GLLKD
Any idea when the R/S will happen??
HERE WE GO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Screw it in the Meantime I'll flip my Money Here https://bitconnect.co/?ref=bitminer2017
Sadly, there is zero chance of that happening. After the r/s, this will do little but drop--off the face of the earth..for anyone holding pre-split. It can and will get worse.
Should be. I get notifications from SEC, and just received it. Basically a notification from GLLK that filing will be late (so what else is new).
But personally, I'm still waiting for the R/S that according to their last 2 filings, were to take place first on Oct 23, and then Oct 30.. so no idea when the split will be. But watching. Will update if I get any news. GLTY if holding.
so 15 days from today???
Does anyone think that there is a possible buy out
When on Earth is this R/S coming ? Supposed to be the 23rd then 30th per filings. Get on with it already. Jeez.
Does anyone know if they are "required" to announce the 5000/1 reverse split date ? Because it was in their filings for today, but just wondering if suddenly our shares will change along with the pps, or if news has to come out prior to the change
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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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