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Your welcome.Let me know what you find out.Im getting off here for now.Catch you later. Oh heres todays filing DEFM14A Apr 15, 2011 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7864430
Thank you for your prompt response. I will call them next Monday for sure.
I dont know.I didnt get any of this.I was just fishing around looking at it.Your brokerage company wouldnt know about the merger deal.Try calling Yukon and see if you can find out anything
I still have a bunch of shares of Yukon Gold. Their value is decreasing with every day (I am almost 50% down, right now). What should I do? Should I call my brokerage for more info about the merger or wait until the conversion is done? Sell the shares? Please advise.
Sometimes to many irons in the fire is a bad thing
I wouldn't be surprised it the deal doesn't re-surface. YGDC had too many things going on all at the same time. Better to let the dust settle on a couple of them before bringing in projects to the company.
I didnt look way far into it but was wandering wht it didnt go anywhere with the march 31 deadline approaching
Hey, anytime, bro.
Well yip friggen eeee LOL thanks.
Actually, all of those deadlines have passed. The LOI on the Nevada property was ended back in February.
As far as I know there hasn't been any new news - except for the directors leaving.
Deadline coming up The LOI is conditional on execution of a definitive agreement by February 1, 2011 and the completion of a $2,000,000 financing by March 31, 2011.
YUKON GOLD CORPORATION, INC. Qualifying State: NV Status: Active File Date: 12/21/2010 Par Share Count: 500,000,000.00 http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=XwCzkW1jkEpdOu0DIgznGQ%253d%253d&nt7=0
Yukon Gold Corporation, Inc. to Acquire a Former Producing Gold Mine http://districtgold.com/YGCI_announces_LOI_Dec_22%202010.pdf
Oakville, Canada, December 22, 2010, Yukon Gold Corporation, Inc. (the “Company”) (OTCBB: YGDC) is pleased to announce it has entered into a non-binding Letter of Intent (the “LOI”) with District Gold Inc., a private Ontario, Canada corporation.
The LOI contemplates, among other things described herein, the acquisition of two groups of mining claims (the “Nevada Claims”) in the State of Nevada, one of which was a former producer.
Other matters provided for in the LOI are:
1. Re-domicile of the Company to the State of Nevada from the State of Delaware by way of a merger into a wholly-owned Nevada subsidiary with the same name (the “Nevada Subsidiary”).
2. The Nevada Subsidiary will be authorized to issue 500,000,000 common shares.
3. Following effectiveness of the re-domiciliation, the Nevada Subsidiary will issue one (1) common share to the shareholders of the Company for each five (5) shares they hold of the Delaware corporation prior to the merger and re-domiciliation.
4. The purchase price of the Nevada Claims will be 70,000,000 common shares of the Company, valued at US$0.03 per share, prior to the re-domiciliation, or 14,000,000 shares of the Nevada Subsidiary, valued at US $0.15 per share, post re-domiciliation.
5. Possible increase in the number of shares available under the 2006 Stock Option Plan.
The Company will seek shareholder approval for the re-domiciliation in Nevada and any increase in shares available under the 2006 Stock Option Plan.
The LOI is conditional on execution of a definitive agreement by February 1, 2011 and the completion of a $2,000,000 financing by March 31, 2011.
About Yukon Gold
Yukon Gold Corporation, Inc. is an exploration stage mining company, going through a re-organization with the intent of increasing its value to the shareholders.
I am lost here. Can anybody help me?
1) What was the reason for the Canadian company to incorporate in the US?
2)What will happen with our shares when the merger takes place?
heres the link
http://districtgold.com/
Wednesday, December 22, 2010
Yukon Gold Corporation, Inc. announced it has entered into a non-binding Letter of Intent (LOI) with District Gold Inc., a private Ontario, Canada corporation. The LOI contemplates, among other things described herein, the acquisition of two groups of mining claims (Nevada Claims) in the State of Nevada, USA,
am on the road rite now but it looks like this is what we bin waiting for. WWWWWWWWWWWWWWWEEEEEEEEEEEEEEEE GO YGDC !
We are circulating an Information Statement to notify stockholders of Yukon Gold Corporation, Inc. (the “Company”, “we”, “us” or “our”) that on or about January 14, 2011 the Company received written consent (the “Written Consent”) in lieu of a meeting of stockholders of the majority of the Company's voting securities. Pursuant to the Written Consent, stockholders approved the reincorporation of the Company to Nevada from Delaware (the “Reincorporation”) by merging the Company into its newly formed and wholly owned subsidiary “Yukon Gold Corporation, Inc.,” a Nevada corporation (“Yukon-Nevada”) pursuant to an agreement and plan of merger (the “Merger Agreement”) dated as of January 14, 2011.
Stockholders holding approximately 65.16% of our voting securities, consisting of 92,000,400 shares of common stock, approved the Reincorporation. The Written Consent approved: (i) the filing of Articles of Incorporation of Yukon-Nevada in the state of Nevada, as a wholly owned subsidiary of the Company; (ii) filing a Certificate of Merger of a Domestic Corporation into a Foreign Corporation with the Delaware Secretary of State; (iii) filing Articles of Merger with the Nevada Secretary of State; (iv) adopting the Merger Agreement pursuant to which the Company will consummate the Reincorporation; (v) and such other filings, as required to effectuate the Reincorporation. In connection with the Reincorporation, each shareholder of the Company will receive one (1) share of Yukon-Nevada for each five (5) shares of the Company they held prior to the effective date of the Reincorporation. No fractional shares will be issued. Stockholders of record at the close of business on January 14, 2011 (the “Record Date”) are being furnished with this Information Statement. We attach to the Information Statement the Written Consent, which stockholder action was taken pursuant to Section 228 of the Delaware General Corporation Law, which permits any action that may be taken at a meeting of the stockholders to be taken by written consent of the holders of the number of shares of voting stock required to approve the action at a meeting. No action is required by you. The Information Statement is being furnished to stockholders of the Company on the Record Date, pursuant to Section 14(c) of the Securities Exchange Act of 1934, as amended, and the rules thereunder solely for the purpose of informing stockholders of these corporate actions before they take effect. Please read the accompanying Information Statement carefully. In accordance with Rule 14c-2 under the Exchange Act, the stockholder action approving the Reincorporation is expected to become effective twenty (20) calendar days following the mailing of the Information Statement, or as soon thereafter as is reasonably practicable. WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
Form PRE 14C just out!:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7345654
Life is good in San Antonio. Jose?
http://ih.advfn.com/p.php?pid=nmona&article=45887685
Thank you for the update, Sir. Gl2u
Lance told me news in January updating on there property and newly acquired mill
YW.. I think they popped it just so that prick could sell...imo
So it is time to sell. Thank you for posting this gem.
I agree, not many left here to panic. gl2u
just a couple grand. i have more shares than that and dont think there's going to be any panic if i sell them.
Insider selling. http://ih.advfn.com/p.php?pid=nmona&article=45887685
that may be. then back in monday. am not doing any here today, waiting for around noon tomorrow.
well every sell is a buy:) but, I think it could be someone cleaning up their account end of year...who knows
hhmmm, selling or buyin, hhmmm
what is with all the small prints on the bid
yep, a slow week but the traders will be back next week. more volume
I'm still sitting on this and should have more funds for accumulation tomorrow. I'm gonna try to get in at .02. As you said, more acquisitions expected in the near term. Its been a very quiet week so far though. I bet we'll hear from YGDC after the new year.
its coming, i think some fluff. but very good fluf and new info
just need auto out of the way now!
nice to see ask/bid tighter with bid moving up
Gold breaking out... looks like we've bottomed! Next week should be interesting w/ any sort of update.
yep, good time to accumulate. dont have to hurry
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(updated as of latest 10-K filing @ August 13, 2010)
Yukon Gold Corporation, Inc. is a junior exploration company from Canada which recently shifted its focus to become a small-scale producer.
The company is currently in hibernation due to underfunding, it's looking for opportunities and financing to acquire a producing mine and continue operations.
The company fully owns a 20000 acre, Zinc-Copper-Lead volcanogenic massive sulphide (VMS) deposit in the Mayo District of Central Yukon, Canada, known as the Marg Deposit. The property lies within the Tombstone Gold Belt, world renowned for the discovery of major gold, silver and base metal deposits.
Marg deposit's mineralization estimates as of drillings in 2008 are:
Category - NSR Cutoff - Tons (mill) - %Cu - %Zn - %Pb - Ag(g/t) - Au(g/t)
Indicated -------- $70 ---------- 5.70 -------- 1.52 -- 3.66 --- 1.91 ---- 48 ------- 0.78
Inferred ---------- $70 ---------- 2.15 -------- 1.18 -- 3.39 --- 1.63 ---- 38 ------- 0.65
Which at the current prices:
- Gold => 0.78 g/t * 5700000 tonnes * $39/g => $173,394,000
- Silver => 48 g/t * 5700000 tonnes * $0.58/g => $158,688,000
- Lead => 0.0191 * 5700000 tonnes = 108870 tonnes * $2040/tonne of lead => $222,094,800
- Zinc => 0.0366 * 5700000 tonnes = 208620 tonnes * $2030/tonne of zinc => $423,498,600
- Copper => 0.0152 * 5700000 tonnes = 86640 tonnes * $7200/tonne of copper => $623,808,000
TOTAL RESOURCE ESTIMATE VALUE (before recovery/mining costs) = $1,601,483,400
CURRENT SHARE STRUCTURE
Outstanding Shares: 41,839,535 (41.84M)
Authorized Shares: 150,000,000 (150M)
MARKET TIER
OTCBB (SEC reporting company)
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