Magnus International Resources Inc. (fka MGNU)

[bewareofsnakeoil]

Wow, this pile of dog waste doesn't even have an active phone line...they will roll this stock back before they pump and dump it!! Sell some stock first ladies so you can pay for a phone line!!

[956trade]

Yes this will fly soon. New tier change OTCQB today

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8952585

[$$$TOCK 007]

will fly soon, low float penny

http://investorshub.advfn.com/Penny-$$-Tiny-Float-*-Low(OS-&-AS)-24974/

[$$$TOCK 007]

!! nice bid.

[bewareofsnakeoil]

If there are this many offshore companies under management there should alot fees that the CRA would be interested in knowing about. Anyone know anything? If you do contact the email address.

[bewareofsnakeoil]

Sen your name and contact info, and share position to:

[e-mail]

[bewareofsnakeoil]

Specific examples of tax fraud, tax evasion, and other tax violations we will be investigating IRS practice include:

Unreported Offshore Income
Unreported Subpart F Income
Abusive Tax Schemes and Tax Shelters
Transfer Pricing
Untaxed U.S. Branches of Foreign Corporations
Unlawful Manipulation of Net Operating Losses (NOL) and Other Tax Attributes
Unlawful Basis Manipulation
Understatement of Income
Overstatement of Deductions and Credits

[bewareofsnakeoil]

BECOME A (MGUN)Whistleblower regarding: IRS, SEC, CFTC, DOJ violations
call 415-251-7887 and leave a message

[bewareofsnakeoil]

IRS Whistleblower Attorney :: IRS Whistleblower Program for Tax Whistleblowers :: Tax Whistleblower Lawyer.

If you are a shareholder please visit the following link regarding:
SHAREHOLDER DERIVATIVE SUIT



http://www.qui-tam-litigation.com/lawyer-attorney-1809845.html

[bewareofsnakeoil]

LEGAL PROCEEDINGS

On December 11, 2008, the Company's indirect wholly-owned subsidiary, African Mineral Fields Limited, received notice that a legal action had been instituted against it in Uganda by Kamu Kamu Drilling Experts Limited, a drill contractor used by the Company in Uganda. Kamu Kamu was seeking special damages in the amount of US$306,595, general damages, interest and costs of the action for the alleged breach by African Mineral Fields Limited of a reverse circulation drilling agreement dated April 29, 2008 between Kamu Kamu and African Mineral Fields Limited. On November 11, 2009, African Mineral Fields entered into a settlement agreement with Kamu Kamu under which Kamu Kamu agreed to deliver to African Mineral Fields a full and final release of its claim in exchange for: (1) US$50,000; and (2) the transfer by African Mineral Fields to Kamu Kamu of 10 mineral properties in Uganda representing 1,706 square kilometers. If any of the properties cannot be transferred then African Mineral Fields will pay an additional US$2,000 to Kamu Kamu for each property that cannot be transferred. The mineral properties are in the process of being transferred, and the Company does not foresee any difficulties in transferring all of the properties to Kamu Kamu.

[bewareofsnakeoil]

Our shareholders may lose some or all of their investment in the Company. !?!!!!
for those who are interested reply and the appropriate counsel will contact you asking for your name and share position.

[bewareofsnakeoil]

ASSETS AVAILABLE

Lugazi Property

The Lugazi Property is located some 50 km east of the capital Kampala in the Mukono district of southern Uganda, and is approximately centred at Latitude 0° 18’N and Longitude 32° 52’E. The Property consists of five exploration licenses covering an area of approximately 1,487.69 sq. km.

Mubende Property

The Mubende Property is located some 100 km west-northwest of the capital Kampala in the Mubende and Kiboga administrative districts of south-central Uganda. The Property is approximately centred at Latitude 0° 34’N and Longitude 31° 46’E, and consists of two exploration licenses covering approximately 780 sq. km.

Mitoma Property

The Mitoma Property is located some 320 km southwest of the capital Kampala in the Bushenyi district of south-western Uganda. The Property is approximately centred at Latitude 0° 35’S and Longitude 30° 05’E. The property consists of seven exploration licenses covering an area of 359.49 sq. km.

Mwerusandu Property

The Mwerusandu Property is located some 380 km southwest of the capital Kampala in the Ntungamo district of south-western Uganda. The Property is approximately centred at Latitude 1° 00’S and Longitude 30° 10’E. The property consists of four exploration licenses covering an area of 175.43 sq. km.

Mashonga Property

The Mashonga Property is located some 400 km southwest of the capital Kampala in the Bushenyi district of south-western Uganda. The Property is approximately centred at Latitude 0° 23’S and Longitude 30° 09’E. The property consists of two exploration licenses and three location licences covering an area of 460.87 sq. km.

Ibanda Property

The Ibanda Property is located some 300 km southwest of the capital Kampala in the Bushenyi district of south-western Uganda. The Property is approximately centred at Latitude 0° 08’S and Longitude 30° 32’E. The property consists of one exploration license covering an area of 332.70 sq. km.

Rubindi Property

The Rubindi Property is located some 300 km southwest of the capital Kampala in the Bushenyi and Mbarara districts of south-western Uganda. The Property is approximately centred at Latitude 0° 20’S and Longitude 30° 32’E. The property consists of two exploration licenses covering an area of 720.00 sq. km.

Kigumba Property

The Kigumba Property is located some 200 km north-northwest of the capital Kampala in the Masindi district of western Uganda. The Property is approximately centred at Latitude 1° 53’N and Longitude 31° 50’E. The property consists of four exploration licenses covering an area of 1,765.55 sq. km.

Kidera Property

The Kidera Property is located some 120 km north of the capital Kampala in the Kamuli and Kayunga districts of central Uganda. The Property is approximately centred at Latitude 1° 20’N and Longitude 32° 53’E. The property consists of one exploration license covering an area of 485.00 sq. km.

[bewareofsnakeoil]

Our stock is a penny stock. Trading of our shares may be restricted by the SEC’s penny stock regulations and FINRA’s sales practice requirements, which may limit a shareholder’s ability to buy and sell our shares.

The Securities and Exchange Commission has defined “penny stock” under Rule 3a51-1 and as such our stock is penny stock. Our securities are covered by the penny stock rules, Rule 15g-9, which imposes additional sales practice requirements, including disclosure requirements, on broker-dealers who sell to persons other than established customers and “accredited investors”. The disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for stock that is subject to the penny stock rules. The penny stock rules may affect the ability of broker-dealers to trade our securities. We believe that the penny stock rules discourage investor interest in, and limit the marketability of, our common stock.

Read more: http://www.faqs.org/sec-filings/101203/MAGNUS-INTERNATIONAL-RESOURCES-INC_10-K.A/#i3#ixzz248gx2ZwV

[bewareofsnakeoil]

We have a going concern opinion from our auditors, indicating the possibility that we may not be able to continue to operate.

We anticipate generating losses for the next 12 months. Therefore, we may be unable to continue operations in the future as a going concern. No adjustment has been made in the accompanying financial statements to the amounts and classification of assets and liabilities which could result should we be unable to continue as a going concern. If we cannot continue as a viable entity, our shareholders may lose some or all of their investment in the Company.

Read more: http://www.faqs.org/sec-filings/101203/MAGNUS-INTERNATIONAL-RESOURCES-INC_10-K.A/#i3#ixzz248gfw6XU

[bewareofsnakeoil]

Corporate Structure

The Company has one wholly owned subsidiary, African Mineral Fields Inc. (incorporated under the laws of the British Virgin Islands), which in turn has incorporated two subsidiaries, African Mineral Fields Limited and AB Mining Limited (both incorporated under the laws of Uganda).

The following chart describes the Company’s corporate structure and material subsidiaries:

Read more: http://www.faqs.org/sec-filings/101203/MAGNUS-INTERNATIONAL-RESOURCES-INC_10-K.A/#i3#ixzz248cb1J4O



MAGNUS INTERNATIONAL RESOURCES INC.
(NEVADA CORP)
+
MAGNUS INTERNATIONAL HOLDINGS (BVI)INC.
(BRITISH VIRGIN ISLANDS)
+
AFRICAN MINERAL FIELDS INC.
(BRITISH VIRGIN ISLANDS)

+ +
AFRICAN MINERAL FIELDS LTD AB MINING LTD
(UGANDA) (UGANDA)


As of November 1, 2009, the Company had no employees (over and above its directors, officers and consultants) employed in Vancouver, British Columbia.

The Company’s operating subsidiary in Uganda, African Mineral Fields Limited, employs three persons: one accountant and two housekeepers.

The Company employs one person in China who continues to assist in dealing with matters relating to Long Teng and further payments due to Magnus for the sale of its equity interest in Long Teng.

The Company uses consultants with specific skills to assist with various aspects of its exploration, project evaluation, due diligence, acquisition initiatives, corporate governance, property management, and with accounting and legal matters.


On May 9, 2009 the Lai group entered into an agreement with a new buyer for Long Teng Minging, Mr. Peijan He, under which the Lai group would transfer its interest in Yunnan Long Teng Mining Ltd. to Mr. He for RMB 24.8 million. As the Lai group still owed Magnus RMB 13.5 million for acquiring its interest in Long Teng, on September 3, 2009, Magnus entered into an agreement with the Lai group and Mr. He under which Mr. He agreed to pay RMB 13,500,000 of the purchase price it owes to the Lai group to Magnus instead. This RMB 13,500,000 is payable to Magnus under the agreement as follows: RMB 5,000,000 is payable upon issuance of a new business license of Long Teng to Mr. He or his designee; RMB 4,865,000 is payable to Magnus and 135,000 is payable to Yunnan Beichuan Law firm on or before September 28, 2009; and RMB 3,500,000 is payable on or before October 28, 2009. Under the agreement, Magnus is required to pay a commission of RMB 135,000 and legal fees to Yunnan Beichuan Law firm which is acting as a trust agent for the funds. As at the 10 November 2009, a new business license has been issued reflecting that ownership of Long Teng has been transferred to Mr. He. Consequently, Magnus has received RMB 10,000,000 (approximately $1.466 million) pursuant to the agreement and has paid RMB 135,000 in commission and 50,000 in legal fees to Yunnan Beichuan Law firm. As at November 12, 2009, the remaining 3.5 million RmB (approximately $510,000) related to the sale of Long Teng Mining in China has not been received by Magnus.

[bewareofsnakeoil]

Time for a shareholder's derivative action n. - a lawsuit by a corporation's shareholders, theoretically on behalf of the corporation to protect and benefit all shareholders, against the corporation for improper management.

A lawsuit brought by a corporation shareholder against the directors, management and/or other shareholders of the corporation, for a failure by management. In effect, the suing shareholder claims to be acting on behalf of the corporation, because the directors and management are failing to exercise their authority for the benefit of the company and all of its shareholders. This type of suit often arises when there is fraud, mismanagement, self-dealing and/or dishonesty which are being ignored by officers and the Board of Directors of a corporation.

[bradakus]

Wake up!

[JPGetty]

What is the problem here?

Can they not locate any gold?

[JPGetty]

What happened to this jewel?
This was suppose to be a can't-miss.
What happened out there in the mines?
They found nothing?

[JPGetty]

I thought that this was suppose to be one of the hottest stocks going.

Guess not.....

[mrcopfer]

Why is this board so dead ??

[JPGetty]

What is the "hesitation" to embracing this stock?

My modest dd lead me to believe that it was going to be a huge player in the industry.

[Golden Cross]

MGNU - Magnus Enters Agreement To Purchase Manzhanggan Gold Property, Qinghai Province, Peoples Republic Of China
Sunday April 23, 12:01 am ET


LAS VEGAS, NEVADA--(MARKET WIRE)--Apr 23, 2006 -- Magnus International Resources Inc. ("Magnus") ("the Company")(OTC BB:MGNU.OB - News) is pleased to announce that it has purchased the rights to 100% of a gold exploration license for a prospect known as the Manzhanggang gold mining area in Qinghai Province, People's Republic of China.



The Manzhanggong property in Xinghai County, Qinghai Province lies within a geological terrain that exhibits strong potential for precious metal mineralization within Tertiary volcanic rocks.

The prospect lies on a structural regime with a northwest trend on the eastern part of the Kunlun Mountains, and has previously been studied by the Qinghai Nuclear Industry Geology Bureau. Geological mapping, soil geochemistry, and trench sample data from the Bureau have been reviewed and analyzed over the last several months. Especially noteworthy are trench sample results with highly elevated gold grades within well-expressed soil geochemical anomalies. All of the exploration results from work completed to date are included under the agreement. Mineral alteration is distinctive around gold-mineralized zones, and satellite imagery of the area shows strong potential for mineral discovery.

The license covered under the acquisition agreement encompasses approximately 50 square kilometers. A small family-scale producing gold mining operation occupies an area of approximately 2 square kilometers entirely within the license. High grade gold in veins and altered wall-rock is now being recovered from this small family-scale operation. Within the license covered under the agreement, a fault zone complex extends for 10 km in length and 4 km in width. Magnus will explore this zone in a planned exploration program.

Magnus has signed a license acquisition agreement with the Geologic Bureau of the Qinghai Provincial Nuclear Industry ("Qinghai Bureau") under which Magnus pays RMB 3,200,000 (approximately US $400,000) to acquire a 100% interest in a gold exploration license covering the Manzhanggang gold mining area, comprising an area of 50 square km.

Under the agreement, Magnus acquires a 33.36 square km exploration license currently held by the Qinghai Bureau, and the Qinghai Bureau is also obligated to assist Magus in acquiring an approximately 17 square kilometer adjacent concession for which a license expansion application is underway.

To hold the exploration license, Magnus is forming a Wholly Foreign Owned Enterprise, or WFOE, which allows foreign enterprises to own property and conduct business in China under certain guidelines. Once the formation of the WFOE is approved, the exploration license will be transferred to it and all exploration activities will be conducted through it. It is expected that formation of the WFOE will take between 30-60 days. In the meantime, Magnus has signed the transfer agreement directly on behalf of the to-be-formed WFOE.

The more detailed terms of the agreement include that in exchange for the successful transfer of the 33.36 sq Km license currently owned by the Qinghai Bureau and the additional 17 square kilometer license currently under application for expansion, Magnus has agreed to pay the Qinghai Bureau a total of 3,200,000 RMB (approximately US $400,000). Of this, 400,000 RMB is due within 10 days of signing the agreement, and the balance is due upon successful completion of the transfer of the exploration licenses (both the 33.36 square km license and the proposed 17 square km expansion) to the WFOE. Once these licenses have been transferred, the Qinghai Bureau is obligated to assist Magnus in expanding the license a further 44.5 square kilometers.

About Magnus International Resources, Inc.

Magnus International Resources, Inc. is engaged in the acquisition, exploration and development of mineral properties in China, focusing primarily on gold and copper properties. Magnus currently retains a potential 90% interest in two Sino-foreign gold joint venture exploration projects. The Huidong property is northwest of and on trend with Southwestern Resources' Boka gold project. The Mangshi project is located within the 40km Luxi Gold Belt in western Yunnan province.

For further information please refer to the Company's filings with the SEC on EDGAR or refer to Magnus' website at www.magnusresources.com.

If you would like to receive regular updates on Magnus please send your email request to [e-mail].

[estrongus]

YOU STILL OUT THERE?

[Sherpacash]

The show went pretty good. Lots of people to listen to the story. Went down to the presentation they had on Monday Night. Met the CEO and one of the Geologists from AMEC.

http://www.magnusresources.com

I'm in low and hold'in this one

cheers,

Sherpacash

[Sherpacash]

With the PDAC Show coming up... MGNU will become more active over the next 30-90 days as the word gets out and the presentations reach the brokers in Toronto. http://www.pdac.ca/pdac/conv/

For any of you who watched Southwestern Resources a couple years back or better yet participated in the $2-$22+ run.... might like to know MGNU is right next door!

Do your DD here and keep an eye out....

cheers,

Sherpacash