Musgrove Minerals Corp. (fka MGSGF)

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MGSGF revoked:

https://www.sec.gov/litigation/admin/2016/34-77514.pdf

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MGSGF SEC Suspension for Financials / Filings delinquencies:

http://www.sec.gov/litigation/suspensions/2015/34-76725.pdf

Order:

http://www.sec.gov/litigation/suspensions/2015/34-76725-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2015/34-76726.pdf

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MGSGF one for 3 reverse split:

http://otce.finra.org/DLSymbolNameChanges

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MGSGF one for 5 reverse split:

http://www.otcbb.com/asp/dailylist_detail.asp?d=03/04/2014&mkt_ctg=NON-OTCBB

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Musgrove Minerals Appoints Norman Brewster to the Board of Directors

Vancouver, B.C. – Musgrove Minerals Corp. (“Musgrove” or the “Company”) (TSX.V: MGS) is pleased to announce the appointment of Norman Brewster to the board of Directors.
Mr. Brewster, P.Geo, has been the President and Chief Executive Officer of Cadillac Ventures Inc. since October 2007 and served as Interim President & Chief Executive Officer of Iberian Minerals Corp. (formerly known as PGM Ventures Corporation) from January 2008 to June 2008. Prior to that, Mr. Brewster served as Executive Chairman of Iberian Minerals Corp. of which he was a co-founder and currently serves as non-Executive Chairman and Director. Iberian Minerals Corporation has completed funding of construction and development of a 6,500 ton per day (2.2 million ton per year) Aguas Teñidas, VMS base metal deposit in the Iberian Pyrite Belt of Southern Spain. During the development of the Agua Teñidas Deposit Mr. Brewster on behalf of Iberian conducted negotiations which resulted in the purchase of the Condestable Copper Deposit in Peru which produces at the rate, of 6500 tonnes per day.
Mr. Brewster has raised equity funds for several junior mining companies and has created acquisition and exploration strategies for such companies. Currently he is also a director of Galantas Gold Corporation and International Millenium Mining Corporation.
In 1983, Mr. Brewster started his own consulting company, Minroc Management Ltd., and has gained geological and management experience operating throughout North America, the Caribbean, South America, Africa, Europe and Russia. Mr. Brewster has 40 years experience in the mining industry, predominantly in international exploration. During his education, Mr. Brewster gained experience as a geologist through various international assignments for A.C.A. Howe International. He is a Professional Geologist with the Association of Professional Geoscientists of Ontario and Fellow, Geological Association of Canada. Mr. Brewster graduated from Acadia University in Nova Scotia in 1969 with a B.Sc. in Geology and B.Ed. degree in 1971.
The Company also wishes to announce the resignation of Andrew Tunningley and Benjamin Herring from the board of the Company. The Company thanks both Mr. Tunningley and Mr. Herring for their valuable service to the company.

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Musgrove appoints Mr. Tough to the Board of Directors and Mr. Lewin as CFO

Vancouver, B.C. – Musgrove Minerals Corp. (“Musgrove” or the “Company”) (TSX.V: MGS) is pleased to announce the appointments of Thomas R. Tough B.Sc., P.Eng., to the board of Directors and Jamie Lewin as the Chief Financial Officer of the Company.
Mr. Tough has held directorships and officer positions in numerous public and private companies, including the role of President/CEO and a Director of Desert Sun Mining Corp. for 18 years. In April 2006, Yamana Gold Inc. purchased the Company and its producing gold mine in Brazil for approx. $667 million. Mr. Tough was the past President and CEO of Potash One Inc., and continued to serve as a director until the Company was sold to K+S Potash, a large German potash producer, in January, 2011 for approx. $434 million.
Mr. Tough has more than 40 years experience as a self-employed consulting Professional Engineer in 40 countries. In the course of his career he has been involved in property examinations, writing qualifying reports, project evaluations, project acquisitions and negotiations, mine evaluations, underground and surface exploration, reserve and resource estimations, mine and mill planning and processing, pre- feasibility and feasibility studies, development and production, open pit and underground, as operator, project manager, and consultant on precious and base metals, industrial minerals, gemstones, coal and CBM gas and oil and gas. He has negotiated corporate financings and joint venture partnerships and has dealt with various levels of domestic and foreign government bodies.
Currently Mr. Tough is the President/CEO and a director of Maxtech Ventures; President and a director of Grenville Gold Corp.; a director of Firebird Resources Inc,; President and a director of GTO Resources Inc.; President and a director of Chimata Gold Corp.; a director of Desert Gold Ventures Inc. and a director of Cielo Gold Corp. He holds a B.Sc. in Geology from the University of British Columbia and is registered as a life member of the Association of Professional Engineers and Geoscientists of British Columbia.
The Company also wishes to announce the resignation of Lorne Torhjelm as Director and Chief Financial Officer and is pleased to announce the appointment of Jamie Lewin as the Chief Financial Officer of the Company.
Mr. Lewin is a professional accountant who also holds a Masters degree in Business Administration (MBA), with specialization in financial management, from City University, of Bellevue, WA, in the US and he holds a Certification in Public Companies from SFU in British Columbia. In addition, he completed a LLB at Laval University in Quebec City and a BA in Economics at the University of Western Ontario. He has more than 18 years experience in accounting and finance for private and public companies.
TSX-V: MGS OTCQX: MGSGF Frankfurt: JL4M
He has more than 18 years experience in accounting and finance for private and public companies. They range from brokerage and investment through to manufacturing, distribution, resources and service. Operations have been both domestic and international. Previous management positions include Controller and Finance Manager.
The Company thanks Mr. Lorne Torhjelm for his years of valuable service to the company.
About Musgrove Minerals Corp.
Musgrove Minerals Corp. www.musgroveminerals.com is a mineral exploration resource company trading on the TSX Venture Exchange (Symbol: MGS). The Company is currently explori ng two advanced exploration-stage projects; the 100% interest “Empire Mine” Project; the 100% interest “Musgrove Creek” Gold Project, The Empire Mine Project is a polymetallic skarn deposit containing copper, zinc, gold and silver located in the Alder Creek Mining District in Custer County, Idaho. The mine is located on the east-facing slope of the White Knob Mountains approximately three miles west of Mackay, Idaho. The Property consists of 26 patented mining claims, six mill-site claims and 21 unpatented mining claims. The Musgrove Project is a prospect for a disseminated gold bulk-tonnage surface project similar to the Beartrack Mine, a nearby former gold producer.
BY ORDER OF THE BOARD
”Jatinder (Jack) Bal”
Jatinder (Jack) Bal President and CEO MUSGROVE MINERALS CORP.

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Latest News...

http://www.musgroveminerals.com/pressreleases/2011/PR%20Sepr%2021%202011.pdf

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The Gold Report Interview with Siddarth Rajeev (5/25/11)

"Musgrove Minerals' main focus is gold and polymetallic projects in Idaho. One of its main assets is the Empire Mine project, a poly-metallic project in Idaho with a historic resource estimate. The company is expecting a prefeasibility study on that to be completed this year. Its second key asset is the Musgrove Creek project, which has an NI 43-101 resource. The company currently has close to 1.5 Moz. Aueq. in historic and inferred. We initiated coverage on the company with a fair value of $1.66/share. The company is trading at just $0.15. . .The intrinsic value reflects a return of 1,000+%. These projects are in Idaho, which is a well-known, mining-friendly community. We know the management team well. The company also recently announced a financing. We expect the company's progress at its two main projects should move the stock price closer to our fair value estimate."

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Bob Moriarty, 321gold (6/17/11)

"I have little doubt most of our readers are familiar with the phrase, 'The best place to find a new mine is in the shadow of the head frame of an old mine'. . .I spent the week of Memorial Day banging on rocks in Idaho. My second visit of the week was to the Empire Copper mine now owned 100% by Musgrove Minerals. I've followed Musgrove for a couple of years but it never caught traction. Part of the reason was legal issues between the landowners and a prior MGS JV partner. Eventually, Musgrove simply bought out its partner and is now proceeding on its own.

In 1997. . .the historic resource was about 28 Mt. at 0.42% Cu, 0.33% Zn, 0.33 g/t Au and 10.2 g/t Ag. At today's prices, that's about $70/ton rock or $1.9B worth of metal in the ground. With a market cap today of just under $5M, that makes the company look pretty cheap. If you gave the company a market value of only 1% of gross metal value, that would be $19M. That's cheap."

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Expert Analysis
The Gold Report Interview with Bob Moriarty (7/22/11) "Musgrove Minerals Corp.'s mine was the biggest copper producer in the United States until the Bingham Canyon in Utah came along. It has a lot of oxide copper right at the surface. . .There were some management issues with the company that had the project before Musgrove. Musgrove came in and sorted out the issues, and it's very viable today. It would be viable probably at $1.50 copper. I'm not particularly concerned about the price, because everything in life is cyclical. It takes years to develop a mine like this, so you don't care what the price of copper is on a day-to-day basis. You have to be looking at the long term."

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Musgrove Minerals announces signing of a definitive option agreement on the Charay Project
(via Thenewswire.ca)

Vancouver, B.C. - Musgrove Minerals Corp. ("Musgrove" or the "Company") (TSX.V: MGS) is pleased to announce the signing of a definitive option agreement with, Minera Westridge S.A. de C.V. ("Westridge"), a wholly owned subsidiary of Westridge Resources Inc. (TSX.V: WST) whereby Westridge has been granted an option to acquire an 80% interest with a further option to purchase a 100% interest in and to certain mineral concessions in Sinaloa State, Mexico known as the Charay Project (the "Charay Project").

Under the terms of the Option Agreement, Westridge has the exclusive right and option (the "Option") to earn an initial 80% interest in the Charay Project by paying to Musgrove, an aggregate of $450,000, with $225,000 payable on the first anniversary date from the date of approval of the Option Agreement by the TSX Venture Exchange (the "Effective Date") and an additional $225,000 payable on the second anniversary date from the Effective Date. Westridge has also agreed, during the term of the Option Agreement, to assume payments to certain underlying owners of the Charay Project and will pay an aggregate of $2,367,500 over a two year period commencing on the Effective Date. In addition, Westridge will issue to Musgrove an aggregate of 1,200,000 common shares in the capital of Westridge, with 400,000 common shares issuable on the Effective Date, an additional 400,000 common shares issuable on the first anniversary date from the Effective Date and an additional 400,000 common shares issuable on the second anniversary date from the Effective Date. Westridge has agreed to fund a work program of not less than $500,000 on or before December 31, 2011 and assume Musgrove's indebtedness to Fibercrown Manufacturing Ltd. in the principal amount of $258,000 plus interest at a rate of $1,720 per month from May 1, 2011 on the Effective Date.

After earning this 80% interest in the Charay Project, Musgrove's 20% interest will be carried to the earlier of commercial production, or the exercise by Westridge of an option to acquire the remaining 20% interest. Westridge will have the right at any time up to 60 months from the Effective Date, to purchase the remaining 20% interest from Musgrove for a single $5,000,000 lump sum payment. The Charay Project is subject to a 2% net smelter return royalty payable to Tektite Financial Inc. upon commencement of commercial production.

At all times during the term of the Option, Westridge will be the operator for all exploration and development activities on the Charay Project.

President of Musgrove Minerals, Jack Bal commented: "we are pleased to complete the Option Agreement with Westridge. The Company plans to focus on both the past producing "Empire Mine" Copper/Gold and the "Musgrove Creek" gold projects."

About Musgrove Minerals Corp.

Musgrove Minerals Corp. www.musgroveminerals.com is a mineral-exploration resource company trading on the TSX Venture Exchange (Symbol: MGS). The Company is currently exploring three advanced exploration-stage projects; the 100% interest "Empire Mine" Project; the 100% interest "Musgrove Creek" Gold Project and the 50% interest "Vianey Mine" Silver Project. The Empire Mine Project is a polymetallic skarn deposit containing copper, zinc, gold and silver located in the Alder Creek Mining District in Custer County, Idaho. The mine is located on the east-facing slope of the White Knob Mountains approximately three miles west of Mackay, Idaho. The Property consists of 26 patented mining claims, six mill-site claims and 21 unpatented mining claims. The Musgrove Project is a prospect for a disseminated gold bulk-tonnage surface project similar to the Beartrack Mine, a nearby former gold producer. The Vianey Mine Project consists of concessions totalling 5,022 hectares in Guerrero State, south/west of Mexico City, Mexico.

BY ORDER OF THE BOARD

"Jatinder (Jack) Bal"

Jatinder (Jack) Bal

President and CEO

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Musgrove Minerals announces the closing of $1,200,000 Private Placement
(via Thenewswire.ca)

Vancouver, B.C. - Musgrove Minerals Corp. ("Musgrove" or the "Company") (TSX.V: MGS) is pleased to announce that it has closed the non brokered private placement previously announced in its news release of June 17, 2011 (the "Private Placement").

The Company issued 8,000,000 Units, for gross proceeds of $1,200,000.00. Each unit consists of one common share at a price of $0.15 and one-half of a common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one common share for a period of 24 months expiring on July 6, 2013, at warrant exercise prices of $0.20 in the first year and at $0.30 in the second year. The subscriber warrants are subject to an accelerated expiry provision. Such expiry may be accelerated to 30 days in the event the Company's shares have closed at or above a price of $0.40 per share for 10 consecutive trading days on the TSX Venture Exchange.

In connection with the Private Placement, the Company has paid finder's fees of $89,197.00 in cash and has issued 749,983 finders warrants, the finder's warrants having the same terms as the subscriber warrants, exercisable into common shares for a period of 24 months expiring on July 6, 2013, at warrant exercise prices of $0.20 in the first year and $0.30 in the second year. The finder's warrants are also subject to the same accelerated expiry provision to that of the subscriber's warrants in this Private Placement.

All shares issued in connection with the Private Placement, the warrants and any shares issued on exercise of any warrants, are subject to a four month hold period expiring on November 6, 2011.

Net proceeds from the Private Placement will be used for Company's Empire Mine drill program and the Musgrove Creek work program.

BY ORDER OF THE BOARD

"Jatinder (Jack) Bal" Jatinder (Jack) Bal

President and CEO

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Musgrove Minerals Corp. Drilling Update at Empire Mine Project
Jun. 23, 2011 (TheNewswire.ca) --

Vancouver, B.C. - Musgrove Minerals Corp. (OOTC:MGSGF) (TSXV:MGS) ("Musgrove" or the "Company")(TSX.V: MGS) is pleased to provide an update to the news of May 17th, on the commencement of the 2011 drill program, on the 100% owned Empire Mine Project. The Company has completed the first four drill holes ranging from 550 ft (168 meters) to greater than 900 ft (275 meters) of the 35 hole infill drill program. The four holes were completed in the northern portion of the property, with drilling currently on the 5th drill hole. All samples are being sent to ALS Chemex in Elko Nevada and the Company is awaiting the results for the completed holes.

The Company is in the process of securing a core drill to commence a series of 3-4 PQ core holes to a depth of up to 400 ft (122 meters), which will be submitted for a metallurgy study, to best configure the metal extraction process.

The Company also wishes to report that the TSX Venture Exchange has accepted for filing the Empire Mine agreements between Musgrove Minerals Corp., Mackay LLC and Honolulu Copper Corp.

Project Page: http://www.musgroveminerals.com/project_empire_mine.php

The past producing Empire Mine Project is a polymetallic skarn deposit containing copper, zinc, gold and silver located in the Alder Creek Mining District in Custer County, Idaho. The Property is on the east-facing slope of the White Knob Mountains approximately three miles west of Mackay, Idaho. It consists of 26 patented mining claims, six mill-site claims and 21 unpatented mining claims.

Historic production records indicate the Empire Mine produced 765,000 tons grading 3.64% copper, 0.048 oz/t gold and 1.57 oz/t silver from underground workings in the period 1901 to 1942 (694,000 Tonnes grading 3.64% Cu, 1.64 gm/T Au, and 53.8 gm/T Ag). Geologically, the mineralization is classified as a polymetallic copper-skarn. Mineralization has been encountered over a strike length of 1,200m, thickness of 6m to 73m, and a depth of more than 300m.

In 1997, Cambior Exploration USA Inc. reported a drill-indicated, near-surface, oxide copper resource of 18,230,000 tons grading 0.49% Cu, 0.19% Zn, 0.44 oz/t Ag (15.1 gm/t) and 0.014 oz/t Au (0.48 gm/t), with an additional 9,650,000 tons of material grading 0.29% Cu and 0.31% Zn (Cambior, 1997). A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource; this issuer is not treating the historical estimate as a current mineral resource, and the historical estimate should not be relied upon.

Richard G. Walker, JR., CPG, is a qualified person by the standards of National Instrument 43-101, he is responsible for the contents in this news release for the Empire Mine Project.

About Musgrove Minerals Corp.

Musgrove Minerals Corp. www.musgroveminerals.com is a mineral-exploration resource company trading on the TSX Venture Exchange (Symbol: MGS). The Company is currently exploring four advanced exploration-stage projects; the 100% interest "Empire Mine" Project; the 100% interest "Musgrove Creek" Gold Project, the 100 % interest "Charay" Gold Project, and the 50% interest "Vianey Mine" Silver Project. The Empire Mine Project is a polymetallic skarn deposit containing copper, zinc, gold and silver located in the Alder Creek Mining District in Custer County, Idaho. The mine is located on the east-facing slope of the White Knob Mountains approximately three miles west of Mackay, Idaho. The Property consists of 26 patented mining claims, six mill-site claims and 21 unpatented mining claims. The Musgrove Project is a prospect for a disseminated gold bulk-tonnage surface project similar to the Beartrack Mine, a nearby former gold producer. The Charay property consists of concessions totalling 11,380 hectares, located in Sinaloa, Mexico. The Vianey Mine Project consists of concessions totalling 5,022 hectares in Guerrero State, south/west of Mexico City, Mexico.

BY ORDER OF THE BOARD

"David Roger Scamell"

Director

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DRILLING NOW UNDERWAY AT PAST PRODUCING EMPIRE MINE PROJECT
May 17, 2011 (TheNewswire.ca) --

Vancouver, B.C. - Musgrove Minerals Corp. (TSXV:MGS) ("Musgrove" or the "Company")(TSX.V: MGS) ) is pleased to announce that drilling has now commenced on its 100% owned, Empire Mine Project. The Company's 2011 exploration program for the Empire Mine Project consists of a 35-hole program. This completes the proposed 2006 infill drill program which brings spacing to 75m. This square-patterned drill program blankets the extents of copper oxide mineralization. Musgrove completed approximately 30 of the 65 holes proposed in 2006, all in the south half of the skarn body. The plan is to continue with the recommended drilling, which will be focused in the northern half of the mineralized body.

Project Page: http://www.musgroveminerals.com/project_empire_mine.php

The past producing Empire Mine Project is a polymetallic skarn deposit containing copper, zinc, gold and silver located in the Alder Creek Mining District in Custer County, Idaho. The Property is on the east-facing slope of the White Knob Mountains approximately three miles west of Mackay, Idaho. It consists of 26 patented mining claims, six mill-site claims and 21 unpatented mining claims.

Historic production records indicate the Empire Mine produced 765,000 tons grading 3.64% copper, 0.048 oz/t gold and 1.57 oz/t silver from underground workings in the period 1901 to 1942 (694,000 Tonnes grading 3.64% Cu, 1.64 gm/T Au, and 53.8 gm/T Ag). Geologically, the mineralization is classified as a polymetallic copper-skarn. Mineralization has been encountered over a strike length of 1,200m, thickness of 6m to 73m, and a depth of more than 300m.

In 1997, Cambior Exploration USA Inc. reported a drill-indicated, near-surface, oxide copper resource of 18,230,000 tons grading 0.49% Cu, 0.19% Zn, 0.44 oz/t Ag (15.1 gm/t) and 0.014 oz/t Au (0.48 gm/t), with an additional 9,650,000 tons of material grading 0.29% Cu and 0.31% Zn (Cambior, 1997). A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource; this issuer is not treating the historical estimate as a current mineral resource, and the historical estimate should not be relied upon.

Richard G. Walker, JR., CPG, is a qualified person by the standards of National Instrument 43-101, he is responsible for the contents in this news release for the Empire Mine Project.

Jack Bal, President of Musgrove Minerals, commented: "This is an exciting time for Musgrove with the first of two 2011 drill programs now underway. We are currently drilling 32 holes at the Empire Mine project and anticipate additional drilling to commence shortly on the Musgrove Creek gold project, which contains a NI 43-101 Inferred Mineral Resource estimate of 8 million tonnes at 1.22 g/t Au, equivalent to 313,822 oz of gold."

About Musgrove Minerals Corp.

Musgrove Minerals Corp. www.musgroveminerals.com is a mineral-exploration resource company trading on the TSX Venture Exchange (Symbol: MGS). The Company is currently exploring four advanced exploration-stage projects; the 100% interest "Empire Mine" Project; the 100% interest "Musgrove Creek" Gold Project, the 100 % interest "Charay" Gold Project, and the 50% interest "Vianey Mine" Silver Project. The Empire Mine Project is a polymetallic skarn deposit containing copper, zinc, gold and silver located in the Alder Creek Mining District in Custer County, Idaho. The mine is located on the east-facing slope of the White Knob Mountains approximately three miles west of Mackay, Idaho. The Property consists of 26 patented mining claims, six mill-site claims and 21 unpatented mining claims. The Musgrove Project is a prospect for a disseminated gold bulk-tonnage surface project similar to the Beartrack Mine, a nearby former gold producer. The Charay property consists of concessions totalling 11,380 hectares, located in Sinaloa, Mexico. The Vianey Mine Project consists of concessions totalling 5,022 hectares in Guerrero State, south/west of Mexico City, Mexico.

BY ORDER OF THE BOARD

"Jatinder (Jack) Bal"

Jatinder (Jack) Bal

President and CEO