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Based on the companies potential, it’s definitely not too late to add more or take up a starter position.
Here’s the update,
WESTERN SIERRA RESOURCE CORP
Symbol WSRC
Recent Sedar Documents
Western Sierra Resource Corporation Shareholder Update
2023-01-24 10:00 ET - News Release
STEAMBOAT SPRINGS, CO / ACCESSWIRE / January 24, 2023 / WESTERN SIERRA RESOURCE CORPORATION (OTC PINK:WSRC) provides this Shareholder Update to summarize events and activities over the last twelve months.
Founded in 1907, Western Sierra Resource Corporation (a Utah corporation), has a 116-year history as gold and silver mining company with projects in Arizona, Nevada, California, and Mexico. The Company's missionhas, over recent years, been to reposition itself as a multifaceted, natural resource company with its focus on innovative methodologies for conservation, restoration, preservation, and beneficial use of water, land, agriculture, minerals, and energy.
In keeping with its corporate mission, on August 6, 2022, a long-standing relationship between the Principals of WSRC and Principals of Mitigation Solutions, LLC (MSL) was formalized with the contract acquisition of MSL by WRSC (as a wholly owned subsidiary). The acquisition was announced on September 20, 2022. One catalyst for this cash and stock transaction was the potential for MSL to execute a contract with the Santa Maria Valley Water Conservation District (SMVWCD) for MSL to complete a State and Federally Funded 7-to-10-year mitigation/restoration of the Twitchell Dam and Reservoir site in Santa Barbara County, CA. MSL executed a binding Memorandum of Understanding with SMVWCD on September 17, 2022 and the formal $1.5 to $2.0 Billion contract was executed by all parties on October 19, 2022. The feasibility study that ratified the formal contract was approved on January 19, 2023. Work began with mobilization of heavy equipment to the site during the week of January 8, 2023. This contract is expected to generate average annual gross revenue to the Company of $200,000,000 for up to 10 years. Additional contract mitigation opportunities are now under review.
Roger Johnson, President, and CEO of Western Sierra stated: "We are very excited to welcome Scott Hastings and Jeff Jones to the management team at WSRC. After working with them both closely over the last 6 months it's become even more evident that they are consummate professionals with expertise in a wide range of large-scale construction, mitigation, and restoration disciplines. The depth of knowledge and experience they bring to the company - clearly demonstrated through the initial emergency mobilization phase of this first mitigation project together - dramatically expands the Company's reach into a variety of long-term revenue generating and service-related endeavors. The MSL projects these gentlemen are capable of generating, combined with WSRC's asset building endeavors - and with the benefit of WSRC‘s Dennis Atkins' (CFO/CPA) oversight, bode very well for WSRC's financial future. We appreciate the patience and support our shareholders have demonstrated through what has been an often-challenging time for capital formation and production even in a climate of remarkable opportunity."
Prior to WSRC's acquisition of MSL, the Company met, and now substantially resolved several unforeseen events during the first six months of 2022:
In December of 2021, a Form 10 Registration Statement complete with two year's audited financial statements was filed with the SEC for proposes of changing WSRC's status as a "current information" company to that of a "full reporting" company. In January 2022, an additional requirement was added to include an Audited Annual Financial Statement for 2021. Audited Financial Statements (2019 and 2020) were included in the original filing. Because the Form 10 Registration Statement was originally scheduled to become "effective" on February 21, 2022, and since the 2021 audit could not be completed until April of 2022, the Form 10 was withdrawn until such time as the 2021 audited financials could be filed. In March, 2022, the SEC notified the Company of their requirement for substantial additional documentation, which the Company then immediately provided. The year-end 2021 Audited Financial Statements (2021 Annual Report) were completed and filed on April 9, 2022. It is the Company's intent to re-file the Form 10 as soon as the 2022 audit is completed.
In February 2022, and despite strong performance during the previous 12 months, Global Hemp Group (GHG) met a delay in meeting its financial commitments to close a transaction with WSRC. This closing was integral to completion of a collaborative hemp-based Colorado real estate and agricultural project ("HAIZ"). During the previous 12 months, land had been purchased; planning and engineering largely completed; and preliminary approvals obtained. As a result of this unintended delay, the Companies, both independently and collectively, worked aggressively to arrange alternative funding through a variety of private and institutional sources.
In May 2022, WSRC executed a binding funding agreement with Beton, Inc. to provide $10 million in debt financing to close in July 2022, with an additional $15 million in the form of a prepaid five-year lease to close incrementally from July 31, 2022, through the end of calendar year 2022. Beton, Inc., due apparently to effects of the volatile 2022 alternative currency markets, was unable to consummate the secured debt financing transaction scheduled for July 31, 2022, and likewise unable to fulfill its prepaid lease obligation over the remaining 5 months of 2022.
Note: WSRC maintains ongoing communication with both Global Hemp Group and Beton, Inc. and continues to invite both companies to participate in the capitalization and restructure of collaborative projects for 2023. However, in the interim, additional third-party Institutional sources have processed and nearly completed underwriting for up to $28 million in WSRC project financing for Winter/Spring of 2023.
Current: Now that the first mitigation project is underway with MSL as a wholly owned WSRC subsidiary, the resulting multi-year net (after expense) scheduled contract revenue, combined with an enhanced borrower profile for the Company, has created additional opportunity for capitalization of the Company's other projects; among them:
Vertically Integrated Land, Water, Agriculture, Affordable Housing
The Company is actively engaged in the planning process to initiate the planting, irrigation, cultivation, and processing of industrial hemp for manufacture of "green" building materials, and subsequent use of those materials in the construction of affordable homes in the Steamboat Springs, Colorado Resort market. Pent-up demand for affordable homes in this market is an estimated 2500 units. Traditional construction methods may be necessarily utilized for the first phase of this 870-acre PUD. The necessary commercial, residential, and agricultural acreage for this project has either been acquired or is currently under agreement to purchase.
Mining Resources
SAGE HEN SITE. The Company (in June 2021) acquired a 70% Stake in Silver State Mining Group (SSMG) and its Sage Hen reserve evidencing commercially recoverable Gold (AU), Silver (Ag), Platinum (PT), Palladium (PD), and Rhodium (RH). The Company, in concert with Silver State Mining Group, is currently working to establish a $12 million, 100 ton per day enhanced processing facility for direct development at the Sage Hen site.
Helium & Natural Gas
The WSRC Helium Joint Venture being negotiated has been expanded. In addition to active helium projects the JV would also include conventional oil and natural gas exploration drilling prospects identified using proprietary and open source geological and geophysical data to identify areas with potentially significant oil and natural gas reserves. Areas within the boundary of the Helium production projects may overlap with viable oil and gas prospects. The joint venture anticipates developing, in addition to the helium opportunities, 3 to 6 oil and gas projects per year beginning in 2023.
Energy & Conservation Technologies
The Company has been, (by and through its Mystere Power Group, LLC (MPG) team), developing, testing, adapting, patenting, and actively marketing a number of disruptive and innovative technologies. These technologies are focused on the reduction of energy consumption in heating and cooling (HVAC) and refrigeration systems; on effectively and non-chemically eliminating airborne pathogens in commercial buildings; on the generation of clean energy using a turbine system for cost-effective off-grid power generation; and, on utilizing air-water generation (AWG) technology to meet domestic water requirements in arid climates. Several of these technologies are applicable to and will likely be incorporated into the Company's proposed land, water, agriculture, and affordable housing development project.
About Western Sierra Resource Corporation:
Founded in 1907, Western Sierra Resource Corporation (a Utah corporation), has 116-year history as gold and silver mining company with projects in Arizona, Nevada, California, and Mexico. The Company's mission objective has been adapted to grow as a multifaceted, natural resource company with its focus on innovative methodologies for conservation, restoration, preservation, and beneficial use of water, land, agriculture, minerals, and energy.
True to this mission, in September 2022, the Company acquired 100% of Mitigation Solutions, LLC (MSL), now a wholly owned subsidiary of WSRC. With the acquisition of MSL by WSRC, MSL's Principals have joined the WSRC management team. Scott Hastings was appointed to the WSRC Board of Directors and became its Chief Operating Officer. Jeff H. Jones was named Special Advisor to the WSRC Board of Directors. MSL's Principals and team members bring a combined 200 years of disaster response/relief, mitigation, and restoration experience to the Company. MSL has, since September 2022, successfully contracted, and initiated the 7-10 year, $1.5 - $2 Billion Twitchell Dam and Reservoir Mitigation Project in Santa Barbara County, CA, which has commenced under the Federal Declaration.
Just took a peek at the share price, wow! Looking good, really good.
Gotta love all these Munzee e-mails that are sent out once or twice a week.
How about a yearly shareholder’s update? Is that asking for too much?
Don't let 2023 Events fly away! ??
January is nearly over, so don't forget to start your streak and attend or host a Munzee Event every month in 2023! Our monthly event theme is all about BALLOONS, and we want these to blow up in the best way possible!
Remember when you host and/or attend an event throughout the year you'll unlock certain prizes so stay tuned for more details in the coming months!.
Some will average up, some will average down, many will jump in for the 1st time, some will flip, etc. etc. Personally I’m holding on to all my shares, & will do some adding to my total. The best to all shareholders.
Gotta love the positive vibes coming from this board besides all the information being posted here.
Nice summation,
This should be fun for a long, long time.
Your thoughts regarding the next movement? ( I assume it’s upwards)
Added some more just now. Many more will jump on the bandwagon after further confirmation of what’s to be.
Thanks to all for the updates.
Getting close to the year’s high of .0143, & sure looks to me that this is only the very beginning.
Thanks to those who are posting/ sharing some informative information. Extremely positive.
Definitely a solid news release today.
Unfortunately selling going off in the .007’s, not fun.
Thanks for sharing,
Looking forward to what’s ahead of us.
Spikes concluded, "In the past six months we successfully reduced our issued and outstanding common shares by One Hundred and Seventy-Nine Million Five Hundred and Twenty Thousand (179,520,000) shares. In addition, we lowered the company's liabilities by four hundred and thirty-six thousand one hundred and nineteen dollars ($436,119) as well as reduced its authorized shares by Three Hundred Million (300,000,000) bring our total authorized shares to Six Hundred Million (600,000,000).
Share Structure
Market Cap Market Cap
2,655,025
01/09/2023
Authorized Shares
600,000,000
12/15/2022
Outstanding Shares
295,002,816
12/15/2022
Restricted
227,847,209
12/15/2022
Unrestricted
67,155,607
12/15/2022
Held at DTC
32,812,139
11/09/2022
Float
49,897,887
12/14/2022
Positive News out,
Branded Legacy, Inc. Buys Back Over 17 Million Free Trading Common Shares
2023-01-09 10:28 ET - News Release
Charlotte, NC , Jan. 09, 2023 (GLOBE NEWSWIRE) -- Branded Legacy, Inc. (OTC: BLEG), a holding company focused on the commercial development of cannabinoid-infused products from CBD topicals and tinctures to edibles is pleased to announce it has negotiated the reduction of its float by Seventeen Million Five Hundred and Twenty Thousand (17,520,000) free trading common shares.
Brandon Spikes, chairman of Branded Legacy, Inc., stated, "We have continuously been working on share structure over the last several months. In doing so, last week have bought back 17,520,000 free trading shares out of the float, in exchange for a non-convertible promissory note. This is huge for our shareholders."
Spikes concluded, "In the past six months we successfully reduced our issued and outstanding common shares by One Hundred and Seventy-Nine Million Five Hundred and Twenty Thousand (179,520,000) shares. In addition, we lowered the company's liabilities by four hundred and thirty-six thousand one hundred and nineteen dollars ($436,119) as well as reduced its authorized shares by Three Hundred Million (300,000,000) bring our total authorized shares to Six Hundred Million (600,000,000).
In a previous news release, the company announced the acquisition of ReelSkinz. ReelSkinz is more than just a lifestyle brand; it is a company that combines practicality, protection, and fashion into the ultimate ocean and outdoor apparel.
Branded Legacy, Inc. purchased these 17,520,000 free trading shares in exchange for a non-convertible promissory note. The determined price was based on a share price of $.01 making this promissory note in the amount of $175,200. This note will be due in 12 months and has an interest rate of 7.5%.
About Spikes CBDX: Spikes CBDX is a line of CBD products designed to assist athletes perform better and recover faster. The Company believes that post workout recovery, with Spikes CBDX products, can lower inflammation, aid in making your body stronger, and help recover from injuries naturally. The CBD line also targets individuals who are looking for pain relief, better sleep, faster recovery and lowering inflammation. Spikes CBDX provides tinctures, lotions, moisturizer, and cryo-gel roll-ons. To view all the Spikes CBDX products please visit: spikescbdx.com.
About Versatile Industries: Versatile Industries, LLC is an acquisition company used to incubate companies to eventually spin off into their own public vehicles.
About Alpha Growers, LLC: Alpha Growers, LLC is a hemp farm in Newberry, FL. They grow and sell hemp flower, providing some of the highest quality plants in the industry. Its current operations are under Kamino Propagation and Research, LLC. Currently Alpha Growers has $320,000 in assets and is in contract to purchase the remaining assets of Kamino over the next few years.
About Total Refinement Solutions, LLC: Total Refinement Solutions, LLC has developed no less than four potential standard operating procedures for extraction, refinement and synthesis of any given target alkaloid. It has secured inputs of raw plant material, crude extracts for refinement and a demand for the output. The Company currently has operational labware as assets.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
www.brandedlegacy.com
(407) 337-0642
info@brandedlegacy.com
Just picked up some .0076’s. Will it pay off this year?
A wonderful New Year to all, especially Health
I’ve averaged down from the reverse disaster, so here’s hoping 2023 turns the PPS to double digits on something real.
Extremely disappointing that the company doesn’t return phone calls etc.
I’d be curious to know who is doing all the selling down below .008? Wonder if we get a year’s end message from the president?
Has anyone ever received a return call from Matthew Nichols after leaving a voicemail on their posted phone number?
Despite all these positive things, the share price hasn’t done anything. Any thoughts on why so much selling below .01?
Gotta wonder if the volume of 1 share is like giving us the middle finger.
Being repetitive, but it makes no sense that we’re still suck around 1 cent considering what the Company has achieved so far.
I took a quick look at OTC markets. Couldn’t find anything but the Company has all their filings etc. posted there.Lots of stuff going on, but…..waiting for the PPS to climb.
Year’s high is .0595. Based on all the recent positive developments, we shouldn’t be only around .01
Nice news, but disappointing to see how many shares were sold off below .01
Another positive step.
A solid start of the week. Good to see.
Each to their own, but I’m definitely holding on to see what develops down the road.
Do we see the “teens “ today? Looking forward to some updates.
A nice start of the week, looking really good.
Based on what’s going on, why is anyone selling down here? Shares once again available .01,
Branded Legacy, Inc. Gets Approval From State to Reduce Authorized Common Shares by 300 Million
2022-11-22 13:38 ET - News Release
Orlando, FL , Nov. 22, 2022 (GLOBE NEWSWIRE) -- Branded Legacy, Inc. (OTCQB: BLEG), a holding company focused on the commercial development of cannabinoid-infused products from CBD topicals and tinctures to edibles is pleased to announce it has received approval from the state of Utah to reduce the Company’s Authorized Common Shares to six hundred million (600,000,000).
Brandon Spikes, chairman of Branded Legacy, Inc., stated, “We are very pleased to have the final stamped approval from the State of Utah to reduce the Authorized Shares to 600,000,000. We want to maintain a strong share structure for our shareholders. We want to maintain a low authorized amount to allow our shareholders to feel more confident in the Company. Currently we are in the talks with two Company’s for potential acquisitions as well as in the final stages of a joint venture with another publicly traded Company. We are excited to be releasing this news over the coming days.”
In a previous news release, the company announced that it had sold Elev8 Hemp, LLC to another publicly traded company for One Hundred Million (100,000,000) restricted common shares. Those shares will be distributed to shareholders of Branded Legacy as of the record date which has yet to be determined.
About Spikes CBDX: Spikes CBDX is a line of CBD products designed to assist athletes perform better and recover faster. The Company believes that post workout recovery, with Spikes CBDX products, can lower inflammation, aid in making your body stronger, and help recover from injuries naturally. The CBD line also targets individuals who are looking for pain relief, better sleep, faster recovery and lowering inflammation. Spikes CBDX provides tinctures, lotions, moisturizer, and cryo-gel roll-ons. To view all the Spikes CBDX products please visit: spikescbdx.com.
About Versatile Industries: Versatile Industries, LLC is an acquisition company used to incubate companies to eventually spin off into their own public vehicles. Currently owns patent for a sports training assembly called The Quickness, a solar and water treatment company Magic 1 Promotions h2oandsolarsolutions.com, LLC and Astound NMN. By supplementing NMN it helps maintain NAD+ levels, ultimately slowing the effects of aging. www.astoundnmn.com
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
www.brandedlegacy.com
(407) 337-0642
info@brandedlegacy.com
Now we need a bunch of new interested buyers to show up, & hopefully hold on to their shares.
Sounds good. Let’s get it on.
Everything sounds good, but over 100,000 shares available at .01 and no takers. Hopefully things change sooner than later.