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can't bet if no risk involved in losing
How much you want to bet it works on chas.
yeah, that crap doesnt work anymore
that's what urban did with uscn
I promise to pay you 1 million if you gimme shares
I dump the shares, say I lied about paying you
and rinse, repeat
Looks like a new shell is about to be formed.
Noble Consolidated Industries Corp. Transfers Rights to C.O.D. Project
Noble Consolidated Industries Corp. (Pink Sheets:USCN) (the “Company”) announces that, on October 21, 2009, the Company transferred all of its interest in the 260 acres of mineral rights in Mohave County, Arizona which comprise the C.O.D. Project (the “Rights”) to Costena Resources, Inc. in consideration for a $2,500,000 convertible promissory note (the “Note”) which Costena delivered to the Company. The Note bears interest at the rate of 10% per annum through its 1 year term. In the event that Costena files a registration statement with the Securities and Exchange Commission and is called for trading on an American stock exchange or otherwise makes a market for its common shares, the Company shall have the right to convert the whole or any part of the principal secured and/or interest due under the Note into common shares of Costena at a conversion price equivalent to a 20% discount to the average closing price of the Costena’s common shares as quoted on such stock exchange or trading facility through which a market for the common shares may be made for the 5 trading prior to the Company’s notice of intention to convert as required under the Note.
After the Company’s share exchange with Noble Technologies Corp on July 15, 2009, the C.O.D. Project was not relevant within the context of the Company’s amended business plan. After meeting and negotiating with other qualified purchasers in the mining industry, management of the Company agreed to terms with Costena. The directors of the Company and shareholders representing a majority of the Company’s common shares approved the Asset Purchase Agreement which specified the terms and conditions relating to transfer of the Rights to Costena.
Noble Consolidated Industries Corp. is a service provider to the North American mining industry and is specifically focused on the processing, smelting and refining of precious and base metal ore bearing concentrates as produced by third party mine owners and operators. The Company uses an innovative process designed to optimize the recovery of targeted minerals at its 31,000 square foot processing facility in McCarran, Nevada.
FORWARD-LOOKING STATEMENTS
This press release contains statements which may constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of U.S. Canadian Minerals, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include, among others, material variations in the value of the commodities being processed and refined by the Company, unforeseen material fluctuations in operating results and the ability to compete successfully in our market sector. Forward looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as updates may be required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statements filed with the United States Securities and Exchange Commission (the "SEC")(available at www.sec.gov). Although the Company believes that the plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Nice volume these days.. It would be nice to discuss this one with oakie.
I'm still hiding in the iBox waiting to see if somebody deletes me, or does a real nice repair on me, so I can look all bright and shiny and new.
Over in the corner here, I see an andydoll trying to hide, he's got a smirk on his face, and a strange cone-shaped hat on his head. Wonder why.
The iBox is.
well i can assure you that i am not deleting any post and am sure tfant is not.
I couldn't care less about andy, but was hoping for an updated ibox with the latest news from the company.
well i am here haven't heard anything from andy.
Of course! Just waiting for a mod to show up.
If this is the case why wasn't certain people notified? At this point as far as I know. It is just MIA. No one was told.
It has now been 19 days. Yip someone got shut down.
Or pm it to me and I'll deliver it to pb66! I promise not to read it! lol.
cant do private
pm me an email or somethin
Nothing like a quality T/A
I am surprised they didn't get Helen out of forced retirement. Might as well.
Weren't this TA same as the one for CMKX ?
Why not? They handle a gazillion other scams. one more won't matter.
Pacific Stock Transfer Company. Now, for those that didn't believe this was a scam, here's your proof. LMAO!
New Transfer agent....>
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6839966
Looks like someone threw up some red paint on the pps. SMACK!
It couldn't happen soon enough. Then again, knowing that it will happen is good enough.
I don't think he has been picked up yet
this wasn't the stock for it, and it isn't quite time yet
but like I told him earlier,
almost time
Hello, I am new to this board but there was a poster okie.
Does he still frequent this board. Interesting changes her at USCN, WHAT DO YOU GUYS THINK?
a dull grey market will do that
I believe that the flying pink pig has flown from the sty.
Each time I come to iHub to check recent posts, I open USCN with anxiousness - Will the iBox have been changed? Will new moderators be listed? Who's one post am I going to read? Will something be revealed about this stock that no one had ever known.
Ah, but stks ... you miss the point. The joy of this board is in its unrelenting, slow grinding, featureless sameness. Something you can count on, day in & day out. Sort of a dull gray atmosphere, a constant in an otherwise overly exciting land of Flying Pink Pigs. ... and totally befitting
Each time I come to iHub to check recent posts, I open USCN with anxiousness - Will the iBox have been changed? Will new moderators be listed? Who's one post am I going to read? Will something be revealed about this stock that no one had ever known.
Ah, the wonderment of it all!
FREE this board for open talk pls. Other boards are free.
I know admins will delete this post, but can you consider what most of the poster would like?
That's a tough choice to be sure.
hard to tell what the bigger percent is
pps change or deleted posts per total made
PPS continues to slide toward oblivion. Down 10% for the day already
Hopefully, he's getting three squares a day. but, that's wishful thinking I'm sure.
I have a feeling that things didnt go as Okie said they would
Nope, GREAT JOB!
Agreed
tree ornaments
Tom and Andy must be
tree ornaments or out of town too
leaning towards A at the moment
she is out of town till after the 8th. Be back tomorrow.
No one updating the iBox either.
Gosh, it is awfully quiet around here. No posts, no PRs and no volume. Sort of a dull shade of gray in the atmosphere ...
The mind needs resting when it's subjected to drivel.
GB knows why
and he ain't sharing it either.
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Full Name: U.S. Canadian Minerals Inc.
Industry: Metals / Mining
http://ih.advfn.com/p.php?pid=nmona&cb=1252987543&article=39455511&symbol=NO%5EUSCN
U.S. Canadian Minerals, Inc. Secures Permits For Processing Plant | |
Date : | 09/14/2009 @ 11:42AM |
Source : | Business Wire |
U.S. Canadian Minerals, Inc. Secures Permits For Processing Plant |
U.S. Canadian Minerals, Inc. (Pink Sheets:USCN) (the “Company”) announces that the Company’s wholly owned subsidiary, Noble Technologies Corp (“Noble”), has secured both a Building Permit and a temporary Business License from Storey County, Nevada (the “Permits”). The Permits allow Noble to commence the assembly of the equipment that is essential to the efficient execution of Noble’s business plan, specifically the processing, smelting and refining of precious and base metal ore bearing concentrates for third party mine owners and operators in the American southwest. The Permits require Noble to assemble the processing equipment on a basis which is consistent with the plans prepared and submitted by Noble and approved by the Storey County Building Department. The Permits are also subject to certain conditions cited by the Storey County Fire Department. Upon completion of the assembly on a basis consistent with Storey County permitting requirements and prior to the commencement of operations, Noble anticipates receipt of both a Certificate of Occupancy and a Business License from the County. In conjunction with this work, Mark Kersey, the Vice President and Chief Financial Officer of the Company, is working with Nevada State officials to secure the air quality, water, mining and mercury permits required for Noble’s 31,000 square foot processing plant to become fully operational. |
USCN is no longer HALTED, but are now Trading on the GREY Sheets.
Securities that are not listed on any stock exchange, the OTCBB, or the Pink Sheets are considered to be in the Grey Market. Transactions are processed independently and not centrally listed or quoted. Trades are reported to a Self Regulatory Organization (SRO) who then passes the data on to market data companies.
USCN has been halted by the SEC
Suspension of Trading Aug 12, 2009
Find out more at this link:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=uscn
The U.S. Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the Exchange Act), of trading in the securities of U.S. Canadian Minerals, Inc., of McCarran, NV, at 9:30 a.m. EDT on August 12, 2009, and terminating at 11:59 p.m. EDT on August 25, 2009.
The Commission temporarily suspended trading in the securities of U.S. Canadian Minerals, Inc. because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, U.S. Canadian Minerals, Inc.’s liabilities, stock issuances, recent merger transaction, business prospects, and recently acquired purported assets.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not it has complied with the rule, it should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to U.S. Canadian Minerals, Inc.’s securities until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer, or other person has any information which may relate to this matter, they should telephone the Los Angeles Regional Office at (323) 965-3962 or by email at USCN@sec.gov.
Brief Description of Activities:
USCN seeks out precious metals/mineral mining and production opportunities. Assets are located in North America. Preferred location for production opportunities is South America.
Company Website:
http://www.uscanadianmin.com/index.htm
Exchange: OTC BB
Symbol: USCN
CIK: 1104194
Fiscal Year End: December 31
Most Recent Financial Filing: 2009 March 31st 10-QSB
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6618264
Thomas E. Barton Chown, Dir., President
Mark Kersey, Secretary, Treasurer
Contact Information:
U.S. Canadian Minerals, Inc. 1280 Alexandria Court McCarran, NV 89434 http://www.uscanadianminerals.biz
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Highlighted Projects and Assets:
80% interest in the COD Mine in Arizona.
Key Agents:
Share Transfer Agent: Pacific Stock Transfer Company
Legal Counsel: The Otto Law Group PLLC
Independent Auditor: Sara Jenkins CPA Blackwing Group LLC
http://www.uscanadianmin.com/filings/COD_43_101_May30_09.pdf
COD Mine includes 13 BLM claims totaling 260 acres in Kingman AZ. These claims include 4 previous worked mines, COD, Rico, White Eagle and Gold and Copper. COD was discovered and worked since the 1880’s and last operated in the 1980’s. The mine has some 1.2 M tons of a proven, probable and possible resources exceeding $400M USD of in ground resources at today’s prices from the old reports. These resources are attributed from a single vein system from only the COD and Rico mine, as there are 7 additional known productive veins and 3 additional producing mines. There is also additionally an estimated 40,000 tons of above ground tailings resources
The COD mine has a 600 ft deep shaft and some 1700 ft of tunnels. Included is an extensive channeled chip sampling with assays and extensive maps from the previous operator.
The COD mine is a silver-gold mine with significant lead and zinc grades. The gold grade ranges from 5 to 7 grams per ton and the silver grade ranges from 8 to18 ounces per ton. The lead and zinc grades are approximately 3%. The previous estimation of $400M USD is based upon 9 previous NON-COMPLIANT NI. 43-101 geological studies and speaks only to the ore blocks encountered in the underground workings from the past producer in the 1980’s. The underground workings could be significantly expanded on the 260 acres controlled and vastly unexplored.
The vein system is well-defined, with little extension into the wallrock. Cross-fracturing and faulting strike along the schistosity of the area, producing considerable brecciation and the formation of high-grade ore shoots into the wallrock. The C.O.D. mineralization is a mesothermal polymetallic vein system associated with but on the outer edge of a porphyry copper-molybdenum mineralizing system whose core is recognized as the Mercator/ Mineral Park porphyry copper-molybdenum deposit. At C.O.D. gangue minerals are quartz, with minor calcite, siderite and other carbonate minerals. Ore minerals include gold, silver, pyrite (FeS2), arsenopyrite (FeAsS), chalcopyrite (CuFeS2), galena (PbS), bornite (C5FeS4), covellite (CuS), chalcocite (Cu2S), anglesite (PbSO4), sphalerite (ZnS), argentite (Ag2S), cerussite (PbCO3) and smithsonite (ZnCO3). This mineralization is both hypogene and supergene, with supergene activity producing sporadic oxide zones above the 400-foot Level.
The vein is well known as the "C.O.D. Vein". It strikes N. 85° W. And dips about 80° N., and is reported to be more than a mile in length and about 6 feet in average width. The gangue is mainly quartz, in which the ore occurs in shoots, and lenses which vary from1 to 7 feet in width and are mostly of considerable extent. The narrow shoots are said to be usually rich, and the wider ones contain large bodies of milling and concentrating ore. At the 250-foot level the ore shoot are reported to vary from 3 to 7 feet in width and its ore was averaged about $250 to the ton, back in1909 dollars.
The ore contains principally silver sulphide and gold, with some galena, zinc blend, and below the 250 foot level a Iittle chalcopyrite. It is said to be less rich in the sulphide zone in the lower part of the mine than in the oxide zone near the surface. Its run of mine, roughly computed from a record of the output from October 10, 1885, to March 6, 190 I, and is about as follows: Silver 160 ounces and gold 2 ounces to the ton; lead 12 to 20 per cent.
This information is a direct quote from Geological Report completed by F.C. Schrader, 1909
The most recent operations at the C.O.D. Mine were from 1979 until 1985.
Operations at the C.O.D. Mine were suspended in January 1985 again as a result of the depressed metal prices. From 1985 through 1991, the mine was kept in a standby position with the shaft being kept dewatered and surface facilities being maintained on a minimal basis.
The C.O.D. Mine was originally located about 1878, but it remained inactive for approximately seven years (Schrader, 1909). Schrader reported that the mine had been developed by a shaft to the 400-foot Level (120 m) below surface, and contained two main and two sub-level workings (drifts). The total amount of underground workings to 1909 was 2,500 feet (760 m). The original shaft is located 400 feet (120 m) east of the current main shaft as represented by the present headframe (Plate 2). The 300-foot Level (91 m) of the old shaft was reported to have been stoped to surface for approximately 400 feet (120 m) on either side of the original shaft. Beyond the stoping to the east it was reported (1909) that good ore was still in place. It was also reported that the 300-Level drift was extended to the west for 900 feet (274 m). A second shaft (now the main shaft), apparently also being developed at the time, was reported to be at a depth of 96 feet (29 m). By 1921 the current shaft was reported to be at 440 feet (134 m) below surface, and the 440 foot-Level had been extended to the west approximately 490 feet (149 m). It was extended a further 375 feet (114 m) to the west.
In 1969 the property was leased to Vernon Taylor of Kingman Silver Mines, Inc., and was extensively explored through to 1971. During this time the Main (new) shaft was repaired and deepened to the 640-foot (195 m) Level. The following is a table of work carried out during that time:
In 1979 Mr. Charles Porter acquired a sub-lease from Kingman Silver. This was shortly thereafter assigned to Newbery Resources, Inc. Very little work was carried out underground. Newbery was acquired by Alanco Environmental Resources Corporation from its parent Newbery Energy Corp., giving Alanco the rights to the property.
From that time until December of 1985 the mine was de-watered to below the 560-foot (171 m) depth and the main shaft was completely rehabilitated to the 550-foot (168 m) Level. This work included a new shaft collar, timbering, new headframe and hoist (Plate 2), all new track in the shaft and drifts, compressed air, fresh air, powerline, communication system, and waterline being installed. The work stations on the 400-foot and 500-foot levels were completely redone and new ore blocks were established. Two major stopes and one small stope, with ore shoots, were developed on the 500-foot Level. Production by Alanco in 1984 was approximately 2,600 tons of ore from a sub-level stope on the 400-foot Level and a stope from the 500-foot Level. Alanco reported the average grade of the ore to be 0.1092 oz/ton Au and 13.51 oz/ton silver. Geological mapping was carried out on the 500-foot Level, both east and west of the main shaft. Reconnaissance mapping was conducted on the surface. This is the only mapping carried out on the mine.
Schrader (1909) reported that 3,687 tons of ore were shipped to the smelter between 1885 and 1892. These shipments were reported to have contained 402,000 ounces of silver (Ag), 1,180 ounces of gold (Au), and 515,670 pounds of lead (Pb). This would give a grade of 109 oz/ton Ag, 0.32 oz/ton Au and 7% Pb. Additionally Schrader reported that between 1900 and 1902 330 tons of ore were shipped to the smelter, and that this ore contained 17,550 ounces of silver, 180 ounces of gold and 114, 360 pounds of lead. This would be the equivalent of a grade of 53.0 oz/ton Ag, 0.545 oz/ton Au and 17% Pb/ton.
The earliest reported mill at the C.O.D. Mine was in 1902. It was a 50 ton per day concentrating mill which operated for 6 months. The Economics Branch of the U.S. Bureau of Mines (Hale, 1963) reported production from the C.O.D. Mine from 1901 to 1948 to be 1,550 ounces of gold, 151,263 ounces of silver, 23,924 pounds of copper, 348,872 pounds of lead and 23,188 pounds of zinc. Construction of a new gravity mill was completed in 1982. All operations were suspended in 1985. The mine was put on a standby mode and the shaft was kept de-watered until 1990.
In late 1990 and early 1991 a considerable amount of damage to the shaft occurred from several heavy rain storms in the area. No further de-watering could be carried out and access to the mine was unavailable. As of 1994 the water level in the mine was at the 130 foot (40 m) depth. A small amount of use was being made of the gravity mill by a lessee since that time. Some vandalism has been carried out on the surface facilities by the time US-Canadian acquired the project in 2004.
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