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GMEX REVOKED by SEC
http://www.sec.gov/litigation/admin/2013/34-69264.pdf
04/02/2013 08:44:02|D||GMEX||GoldMountain Exploration Corporation Common Stock|04/02/2013|12(j) Registration Revoked by SEC **|||u|Y|100|Y
http://www.otcbb.com/dailylist/txthistory/BB04022013.txt
GMEX SEC Suspension:
http://www.sec.gov/litigation/suspensions/2013/34-68969.pdf
ORDER:
http://www.sec.gov/litigation/suspensions/2013/34-68969-o.pdf
SEC Admin Proceeding:
http://www.sec.gov/litigation/admin/2013/34-68970.pdf
not sure if there will be one or not(your previous
post)on the other board!
but I am not posting there anymore, since
one of the moderators has a habit of sending
very dysfunctional messages to people(not just this person).
have a nice one!
Keith
Hi everyone. I got an email from newsmax.com which told me about this, so I'm just reading up on it. I also got an email from stockwire about another gold co mining in the same area in Mexico which is selling for about 1.50 pps. Have any of you owned this for awhile, or is there anything you can share (outside of pinksheets)??
GLTA
I called the transfer agent. 702 361 3033 The outsatanding shares are less than 100,000,000
I called the transfer agent. 702 361 3033 The outsatanding shares are less than 100,000,000
You have to consider the 4 for one so the real O/S is 360,000,000 inwhich the new IR had not took times 4 for the forward split he has only been on IR for 2 days, so maybe he does not have the info and maybe he knew, he didn't times by for the 90, I called also
The O/s is 160 million from just the one guy that bought all these shares for only .00018, fact and that was 51% of the company , so there has to be at least 315 million in the O/S as of the 2006 file, fact, if the company told you that they are flat lying, fact.
They one guy will get big time rich even is he sell at this level.
He can afford to spend 1 million on this mailer that was sent out when he owns 160 million share at 00018 price
I was just now on the phone with investor relations...1 866 566 0936 They told me the outstanding shares are 90 million....The News today is from phase one test results and are in the filings....Phase two results should be out in the near future.
The A/S is 400 million not the O/S you better look closer
I got the same mailer from American Speculator. Disclaimer say's they were paid $440,000 to publish and distribute this BUY Alert. So be careful.
I studied it a little. One thing that was interesting was that American Speculator states that one of the broad criteria that they use in selecting a candidate stock is that a stock should have "50 million or fewer shares outstanding."
Something doesn't add up here. This advertising seems to be written around August 2007. Previous post indicates there are 400 Million shares outstanding.
I seem to agree that owner is selling into the strength of new investors.
Just my take on the little bit of Due Diligence that I did. I will look back in a few weeks. Story sounds good, but potentially 51% of the 400 million shares outstanding are owned by a motivated seller. This will weigh it down for a while since there is low volume. 100K shares a day. I might buy it in the 10 cent range. Valueing the company and assets at $40 million.
If I'm missing something let me know.
Thanks.
I bet our brockers give out our mailing address and sell it to certain people or give it to them , these maile people know who is buying these penny stock, I rarely got penny stock ones until I got into alot of pennystocks a few years back, I seem to get them all I have jumped into a couple one win one loss, you can win if you can get in early some times , but if they don't fill your order its most the time appearing not to chase these seems to always be paid for by an insider who got a big stake.
Who know though I maybe tempted monday but half the shares being owned buy one person at 00018 is the scary part already worth 40 million, so the company is about 80 mil cap , already.
They picked a good time though with gold prices.
320 million shares are out standing about 400 million Authorized unless they did more I have not sos checked it yet.
I got it also and was thinking about getting some monday, but March 06 the the major owner has shares post split h e bought the company 51% stake at 00075 a share and post forward split repersents .00018 per share, he owns 160 million shares now, so he probably paid for the mailer we are getting.
.75 pps would be 120 million in his pocket if it got there or above. He only payed $30k for the whole this 51 %
Stock Purchase Agreement
On March 27, 2006, our then Chief Executive Officer and Sole Director, Susan Downing, entered into a Stock Purchase Agreement (the "Purchase Agreement") with Adam Cegielski, who up until that time had not been affiliated with us. Pursuant to the Purchase Agreement, Mr. Cegielski purchased forty million (40,000,000) shares of our common stock from Ms. Downing for aggregate consideration of $30,000. The Purchase Agreement closed on March 27, 2006 (the "Closing").
As a result of the Closing, Mr. Cegielski obtained majority voting control over the Company, as the 40,000,000 shares which he purchased constituted 51.5% of the Company's then outstanding shares of common stock based on 77,600,000 shares of common stock outstanding as of March 27, 2006 (the "Change in Control").
In connection with the Change of Control of the Company, the Company's then Chief Executive Officer, President, Principal Accounting Officer, Treasurer and Secretary, Susan Downing, resigned on March 27, 2006, and Mr. Cegielski was appointed as the Company's Chief Executive Officer, President, Principal Accounting Officer, Treasurer and Secretary.
Additionally, on March 27, 2006, Ms. Downing resigned as the Company's sole Director and Mr. Cegielski was appointed as the Company's sole Director by the Company's majority shareholders, to fill the vacancy left by Ms. Downing's resignation.
Forward Stock Split
On April 12, 2006, our Board of Directors approved a 4:1 forward stock split to shareholders of record as of April 25, 2006 (the "Forward Stock Split"). The Forward Stock Split affected our issued and outstanding, as well as our authorized shares of common stock, and as a result, after the Forward Stock Split, we had 400,000,000 shares of common stock authorized with a par value of $0.001 per share.
PS nice that its a bb, but I think that he is ready to dump, I sure would sel some even at .25 he is worth 40 million dollars on 30k investment, dollar investment. sure be nice to find a deal like that.
It could fly monday , but I think I would only go for a 20 % gain at most to be safe on gmex it could fly high , but ya gotta know he will dump on a run.
I have a September Issue of the American Speculator. Says current price under .50 near term target $3.00
I bought in last week 24.5 and .25
Not yet, mail has not ran here yet today.
I recieved a copy of American Speculator in the mail it 6 pages and says buy buy buy anything under .75 did anyone else recieve this.
Information I found
West Timmins Intersects Gold-Silver Mineralization at Yoquivo; El Indio Surface Discovery Yields 33.50 g/t Gold, 3,230 g/t Silver
(Vancouver, June 12, 2007) West Timmins Mining Inc. (TSX: WTM) and partner Gold Mountain Exploration Corp. (OTCBB: GMEX; formerly Konigsberg Corporation) announced today that initial drill testing of the Yoquivo Project has intersected multiple zones of silver-gold mineralization. Surface mapping conducted during the on-going drill program has also identified two new, high-grade gold-silver mineralized vein systems. The Yoquivo Project covers the entirety of the historic Yoquivo Mining District and is located 35 kilometres southeast of the recently opened Ocampo Gold-Silver deposit in the heart of the Sierra Madre Gold Belt.
Vein and Stockwork Silver-Gold Targets Intersected
Three diamond drill holes have now been completed on the Yoquivo Project. Hole Y07-01 targeting the El Gambusino vein returned 289 g/t silver and 2.18 g/t gold over a 70 centimetre width at a vertical depth of approximately 32.00 metres. A second zone of anomalous silver-gold mineralization was intersected deeper in the hole (Table 1).
Diamond drill hole Y07-02, collared 590 metres northeast of Y07 -01, tested the southern end of the Muralla trend. Muralla is a silver-gold mineralized quartz stockwork zone developed over widths of 5 to 40 metres. Hole Y07-02 intersected a quartz stockwork zone and anomalous silver and gold over 27.50 metres. The core of this zone returned 12.00 metres averaging 40.18 g/t silver and 0.15 g/t gold.
Drill hole Y07-03 targeting the northern portion of the Muralla and the La Nina mineralized trend has been completed and results are pending. The 3,000 metre Phase 1 drill program will also target extensions to the high-grade San Francisco mine (historically reported production grade of 10.90 g/t gold and 1,120 g/t silver) and other mineralized structures including the recently discovered El Indio system (see below).
Hole From To Interval Gold Silver
No. (Metres Down Hole) (Metres Down Hole) Metres g/t g/t
Y07-01 41.10 41.80 0.70 2.18 289.00
185.75 188.40 2.65 0.41 32.68
Y07-02 102.00 114.00 12.00 0.15 40.18
Table 1: Drill Intercepts, Yoquivo Project – intervals are interpreted to represent 115-120% of true thicknesses.
High Grade Surface Mineralization at El Indio, Lucero
Geological mapping has identified two new gold-silver mineralized structures. The El Indio vein-breccia system is located 250 metres east of, and parallel to, the historic San Francisco mine trend. Eight grab samples collected over 270 metres along the strike of this vein-breccia system returned values ranging from 0.544 to 33.50 g/t gold and 39.1 to 3,230 g/t silver (see maps at http://www.westtimminsmining.com/main/?yoquivo).
The Lucero occurrence is located 350 metres west of the western-most mineralized trend previously identified on the property. Three grab samples collected from historic workings on this structure returned an average grade of 10.63 g/t gold and 169.6 g/t silver. Initial drill testing of the El Indio system will be included in the current drill program and systematic sampling will be initiated in the Lucero area.
West Timmins Mining is the operator of the Yoquivo Project. Subject to an Option Agreement dated May 31, 2006 Gold Mountain may earn an initial 50% interest in the Yoquivo Project by making cash payments of US $200,000 (received), issuing to West Timmins 1,000,000 common shares (received) of Gold Mountain, funding US $1,000,000 in exploration expenditures on the property over a 24 month period (US $273,673 funded to date) and making all cash payments required by West Timmins to the underlying property vendor.
Quality Control and Assurance
Geochemical results reported herein are from halved drill core and grab samples collected from surface on the Company’s Yoquivo Project. Core sampling is conducted on site by trained personnel and sealed samples are transported to ALS-Chemex’s preparation facilities in Chihuahua, Mexico by employees of consulting firm Minera Cascabel S.A. de C. V. on behalf of West Timmins Mining Inc. The remaining half of the drill core is stored in a secure facility on the project site. Grab samples are sealed on site and similarly transported.
All samples were assayed for gold by standard fire assay- ICP finish with a 50 gram charge. Samples additionally underwent 34 element ICP-MS analysis. Gold values in excess of 3.00 g/t were re-analyzed by fire assay with gravimetric finish for greater accuracy. Silver, zinc, copper and lead values in excess of 100 ppm, 1%, 1% and 1% respectively were also repeated by fire assay. For quality control purposes blank and analytical control standards were inserted into the sample sequence at regular intervals – no discrepancies are reported. Mr. Darin Wagner (M.Sc., P.Geo), the Company’s President, has acted as non-independent qualified person for this news release.
About West Timmins Mining Inc. – (www.westtimminsmining.com)
West Timmins currently has five active drill programs, completing a minimum of 35,000 metres, on its exploration projects in the Sierra Madre Belt of Mexico and in the Timmins Gold Camp of Northern Ontario. West Timmins is focussed on the exploration and development of district-scale gold projects in the major gold camps of North America. West Timmins Mining is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM.
-30-
On behalf of the Board of
West Timmins Mining Inc.
“Darin W. Wagner”
Darin W. Wagner, P. Geo.
President and Chief Executive Officer
For further information contact:
Darin W. Wagner, President & CEO
West Timmins Mining Inc., Vancouver
Tel: (604) 685-8311 / Toll Free: (866) 685-8311
E-mail: info@westtimminsmining.com Elaine Einarson, Manager Corporate Development
West Timmins Mining Inc., Vancouver
Tel: (604) 685-8311 / Toll Free: (866) 685-8311
E-mail: eeinarson@westtimminsmining.com
http://www.westtimminsmining.com/main/?newsReleases&119
Press Release Source: GoldMountain Explorations
GoldMountain Corporate Office Update
Wednesday October 3, 4:01 pm ET
TORONTO--(MARKET WIRE)--Oct 3, 2007 -- GoldMountain Exploration (OTC BB:GMEX.OB - News) (Frankfurt:F2B.F - News) ("GoldMountain" or the "Company") would like to update shareholders on the new company head office, phone number, and company website.
The new company website can be found at www.GoldMountainCorp.com. Included on the new site is a group of new magnetic resonance images from the Yoquivo Gold-Silver Project, Chihuahua State, Mexico. As of September 2007, the company's corporate office is now located at First Canadian Place, 100 King Street West, Suite 5700, M5X 1K7. The new contact number for the company is (416) 915-3126 and the fax number is (416) 915-3127.
GoldMountain has now completed its US $600,000 year 1 exploration commitment on Yoquivo with Joint Venture partner West Timmins Mining (Toronto:WTM.TO - News), as well as its year two property payment of $150,000. The company has committed to spending US $1,000,000 within 24 months of entering into the JV agreement, and with current results positive to date, the company is looking forward to completing the current 3000 m drill program.
ABOUT THE COMPANY:
GoldMountain's corporate website can be found at www.GoldMountainCorp.com. Details of the Yoquivo Au-Ag Property can be found under the Projects section of the website. A detailed PowerPoint presentation is also available on the company home page under the Quick Link section. Shareholders are advised to sign up to the company e-mail distribution list in order to stay up to date with company developments.
GoldMountain Explorations ("GoldMountain") (OTC BB:GMEX.OB - News) is a mineral exploration company focused on Gold-Silver exploration in the Sierra Madre Occidental Gold-Silver Province of Mexico. The Sierra Madre Occidental Gold Province is the primary gold/silver trend in Mexico. GoldMountain has entered into a 50/50 joint venture with West Timmins Mining Inc on the 2500 hectare Yoquivo Au-Ag Property in the Yoquivo District, Chihuahua State, Mexico.
I just got a snail mail flyer about this one from American Speculator.
No one posting here;-(
No pumpers No bashers ;-(
GOLDMOUNTAIN EXPLOR (OTC BB:GMEX.OB)
Last Trade: 0.25
Trade Time: 2:11PM ET
Change: 0.03 (13.64%)
Prev Close: 0.22
Open: 0.22
Bid: 0.22 x 5000
Ask: 0.25 x 5000
1y Target Est: N/A
Day's Range: 0.20 - 0.25
52wk Range: 0.11 - 0.44
Volume: 54,250
Avg Vol (3m): 92,156.9
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A
Hey Mark, been awhile, still doing some DD on this, I'm not in yet.
So what are you thinking about this one?
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