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test
SGGV summary – 8-4-11 ($0.18)
Sterling Group Ventures, Inc. (USOTC: SGGV, FRANKFURT: GD7)
350 S. E. Marine Dr., Suite 4743
Vancouver, BC., V5X 2S5
State of Inc: NV
Phone: 604.689.4407
Fax: 604.408.8515
URL: www.sterlinggroupventures.com
Email: info@sterlinggroupventures.com
PRINCIPALS:
CEO - Raoul N. TSAKOK
Family-run private investment grp. - http://farmindcapital.com/raoul.html
DD on Tsakok investment firm - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60160522
PRESIDENT – Xuxin (Richard) SHAO
47, Ph.D., Metallurgy
DIRECTOR – Gerald William RUNOLFSON
68, P.Eng.
Also, Pres. Elkon Products, Inc., Pres. Drunker, Inc. (DKIN), Dir. Horseshoe Moning (TSX: HSX)
DIRECTOR – Robert G. SMILEY
65, Consultant, former lawyer,
Also Pres. Richco Investors, Inc., Drucker, Inc. (DKIN), Dir. Canadian Imperial Venture Corp. (CQV), Teuton Resources Corp (TUO), Silver Grail Resources (SVG).
SENIOR ENGINEER – Shi-jin QIN
Many years’ experienced working with phosphate, including:
-- 645 Brigade and 679 Brigade, Northwest Geological Bureau, the Qilianshan Brigade of Gansu Province Geological Bureau and the No. 2 Brigade of the Gansu Geological Bureau;
-- Director, Yichang District Chemical Industry Bureau of Hubeai Province mining department, a significant phosphate producer, in charge of mining construction and technical management;
-- Senior Engineer and Vice Chief Engineer, Yichang Phosphorous Chemical Industry Group, Ltd. In charge of phosphate mining, construction, and development of phosphorous chemicals;
-- Senior Engineer and resource / reserve appraiser, as well as consultant in the phosphate mining industry.;
-- participated in the R&D of a number of phosphate projects in China;
-- won many awards in his field.
MARKET CAP - $11.8 mil. ($.18/sh) (8-3-11)
SHARE STRUCTURE (8-3-11):
A/S – 500,000,000
O/S – 75,380,000
Warrants – 28,387,500
Options (O/S) – 0
Fully Diluted – 94,117,841
Float – 24,000,000
AWAITING – Gaoping Deposit:
1. New tax account number organization code and foreign exchange account.
2. PR – layout of production plan.
3. November 10, 2014 – Permit granted by government of China for Gaoping Deposit expires (permit does not need to be transferred). Note: Investment Certificate approved by government of China is for a term of 30 years (to May 2041 AD).
4. June 13, 2031 – Term of Business License reflecting JV between Silver Castle (Sterling’s Hong Kong subsidiary) and Hongyu Mining Co., Ltd. for Hongyu mine expires.
AWAITING – Shujiatai Deposit:
1. July 10, 2012 – by this date, Sterling to have completed DD on Shujiatai Phosphate Property in Shimen Co., update Chinese study reports, and, thereafter, set up JV (see 3-9-11 8K).
PICTURES OF GAOPING MINING SITE:
YouTube video, Hunan Chenzhou, China Tour
Gaoping Deposit Location Map
Drill Holes
Gaoping site
Phosphate on Gaoping site
HISTORICAL:
8-4-11 -- Powerpoint Presentation – Sterling Group Ventures - Phosphate
7-26-11 – Sterling Appoints Experienced Miner for Phosphate Development in China
Appointed Mr. Shi-jin QIN as Senior Engineer. See above for Mr. QIN’s CV.
7-11-11 – Sterling Group Ventures, Inc. Completes Acquisition of China Phosphate Company
7-11-11 – 8K -- Completion of Acquisition or Disposition of Asets, Fin’l Stmt
1. Received all required approvals from Chinese authorities for completion of its acquisition of Chenxi County Hongyu Mining Co., Ltd. (“Hongyu) per 10-18-10 Agmt.
2. Consideration: RMB 2 million Yuan were paid to Hongyu shareholders.
3. Issued 10 million common shs.
4. SGGV subsidiary, Silver Castle Investments, Ltd. Now holds 90% of Hongyu. Other 10% held by nominees of Company.
6-15-11 - Sterling Receives Business License to Operate China Phosphate Project
Huaihua City Administration Bureau for Industry and Commerce awarded amended business license to reflect JV between Silver Castle (Sterling’s Hong Kong subsidiary) and Hongyu Mining Co., Ltd. License terminates June 13, 2031.
5-31-11 Stockvest Quarterly, Summer 2011; Twittered 6-10-11
5-24-11 – Investment Certificate Granted – Gaoping Deposit, Chenxi Co.
Sterling Receives Approval to Acquire China Phosphate Company.
1. Approval of Investment Certificate; given a term of 30 years; allows for mining, processing, sale of phosphate ore and products under its mining permit.
2. Approval of Silver Castle (Sterling’s Hong Kong subsidiary), investment in the operating Chinese company, Chenxi Co. Hongyu Mining Co., Ltd (“Hongyu”). As a result, Silver Castle will control 90% of the shares of Hongyu.
3. Sterling also applied for the Amendment of the Hongyu’s business license to reflect the new JV structure, & anticipates its approval by local authorities shortly before putting the Hongyu phosphate deposit into production.
4. The company is currently reviewing other potential phosphate project acquisitions.
http://ih.advfn.com/p.php?pid=nmona&article=47805975&symbol=SGGV
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63491373
5-23-11 – Sterling Contracts StockVest
PR contract is for an initial 3 month term; various investor info svcs w/b provided.
Per Max Power’s telecom of May 25, 2011 with Stockvest, it plans to provide:
1. Trade shows taking SGGV to multiple shows all over the world, starting with an accredited investor’s conference in early June in Colorado, followed by: July NOLA FSX show, Aug. SFO The Money Show, Sept 3 shows Toronto + Vancouver World Money Shows, Oct. Chicago + Miami, then rest of year in London, HK, and other cities.
2. Video – producing video for SGGV w/ professional production values highlighting huge opportunity that exists for investors.
3. PRs – disseminate PRs out on hundreds of news wires and insure that Google and other search engines pick up on it.
4. Email blasts, Electronic IR kits, and Mailings – sending info out to opt in investors, no spamming.
5. StockVest Quarterly – prominently displayed in its newsletter,, as well as placing it on a web informational portal on their website.
4-16-11 – Financials ending Feb. 28, 2011
4-13-11 – 10Q (Quarterly Report ending May 31, 2010
3-16-11 – 8K
3-16-11 – News -- Private Placement
-- Private Placement = $2 mil. to be used toward 10-18-10 Agmt re Gaoping phosphate mine with other phosphate resources in Hunan and for working capital.
-- 20 mil units (each unit = 1 common sh + 1 non-transferrable sh purchase warrant) @ $.10 ea.
-- Each warrant exercisable for 1 yr to purch add’l common sh at $.15/sh.
-- Current Warrants O/S at various exercise prices from $.15 to $1.00 / sh, if exercised, w/ raise another $8,839,125.
-- Warrant holders already picking up their shares: also issued 801,666 common shs at $.18 / sh from exercise of warrants by holders + recv’d $144,300 cash.
-- Fully diluted upon exercise of all warrants, there w/b 93,767,841 shs of cap stock issued + O/S.
-- 752,500 finders’ units issued relating to PP.
4-9-11 – 8K
LOI signed 11-10-10 filed in 8K. Sterling will conduct DD on Shujiatai phosphate property in Shimen Co. w/in 1 ½ yrs and update, if req’d., any Chinese study rprts for bldg mining, processing, + chem. plant. After DD complete, Sterling shall set up a JV in Shimen Co. for developing property. See 11-10-10.
3-9-11 – 8K
10-18-10 – Entry into MDA | Sterling signed 2 Agmts w/ Chenxi Co. Hongyu Mining Co., Ltd (“Honghyu”) + its S/Hs (“Hongyu S/Hs) re Gaoping Phosphate Mine in Tanjiaxiang, Chexing Co., Hunan Province, China. and other phosphate resources.
2-28-11 – 10Q
2-15-11 – Pacer Search
No lawsuits found against any of the principals (corps., and Tsakok, Shao, Runolfson, and Smiley) listed in the 10-18-10 Agreement.
2-28-11 – 10Q
2-14-11 – 8K
1. Approved extension of 3,817,500 Series A Sh Purch Warrants for earlier of 1 yr from current date of expiry or to close of bus on 30th day after takeover bid for Company’s issued and O/S sh capital has been made by 3rd pty and approved by share holders.
2. BoD approved acceleration of warrants expiry date any time prior to extended expiry date of Warrants to close of bus on 30th day after day on which closing price of shs exceeds $.80 for 20 consecutive trading days.
3. Upon exercise of Series A Sh Purch Warrants at $.50 ea, holder will receive 1 Common Sh of company and a Series B Sh Purchase Warrant exercisable at $1.00 for another yr. The Series A Sh Purch Warrants were originally issued pursuant to a PP commencing in Feb. 2004.
2-11-11 – News – Micro Cap Acquires Phosphate Company in China
2-11-11 – News – Micro Cap Acquires Phosphate Company in China
2-10-11 – CEO Reply to Sanction
2-10-11 – News – SGGV CEO Sanctioned in B.C. (2006)
1-24-11 – News – Sterling Arranges Funds to Develop China Phosphate Deposit
1-11-11 – 10Q (ending Nov. 30, 2010)
1-4-11 – News – US Fertiliser Prices Track Higher
1-1-11 –2011 Sulfer Market Forecast
12-26-10 –Sterling Group Ventures, Inc. Corporate Report
12-4-10 – News – Roadmap – Silvercorp Well Dug In
12-1-10 – News – China Hikes Fertilizer Tariff to Stem Exports
10-21-10 – 8K – Announce 10-18-10 Agreement
Terms: 1) Sterling to conduct DD on property w/in 1 ½ yrs and update Chinese study reports, if necessary. 2) Sterling will set up JV to develop deposit + build a mining, processing, + chemical plant.
Location: Shimen County, Hunan Province of China.
Est. value = $5.04 bil.
10-21-11 – Sterling Acquires Phosphate Company in China
10-18-10 – HONGYU AGREEMENT – GAOPING FIELD
Structure:
Sterling Group Ventures, Inc.
-> Sterling Makaelo Holdings, Inc. (100 held by Sterling)
--> Silver Castle Investments Limited (set up in HK, 80% held by Makaelo, 20% Chinese)
---> HK Invested Hongyu [Chenxi County Hongyu Mining Co., Ltd. (90% held by Silver Castle).
Terms:
1) Silver Castle will inject capital, subject to gov’t approval, to develop + put into production the Gaoping Phosphate mine, which has 58.16 mil tons of phosphate rock resource grading 19.8% P2O5 (est. value = $8.14 bil). Production costs est. $34/ton.
2) Hongyu agrees to surrender its future exclusive cooperative rights to Sterling. Honghyu S/Hs acknowledge and agree that Sterling shall set up an investment company in Hong Kong, which will initially be owned 80% Sterling, 20% Hongyu S/Hs. If Sterling does not complete taking over Hongyu thru the investment company w/in 3 months after signing the agmts, Sterling shall pay RMB 200,000 Yuan to Hongyu S/H as down pymt.
3) The Hongyu S/H shall keep the GP Property in good standing at all times during term of Agmt and shall keep Permit valid and effective, free from encumbrance or liability. Hongyu agrees to assist w/ above matters. The investment co. shall acquire 90% interest in Hongyu. The remaining 10% interest in Hongyu s/b transferred to nominees of Sterling. After this transaction, Hongyu s/ become a Hong Kong/China JV company (“HK Invested Hongyu”). Within 5 business days after approval of HK invested Hongyu by the appropriate Chinese authorities, Sterling s/ pay RMB 2 mil Yuan to the Hongyu S/Hs.
4) Sterling will ensure that the net assets value of Hongyu w/b RMB 5 mil Yuan during the acquisition.
5) The Hongyu S/Hs also agree to sell their 20% interest in the Investment Co to Sterling when requested to do so, in exchange for 10 mil common shs of Sterling’s capital stock t/b issued as consideration for such sale and shall at all times be subject to the rules + rqmts of US regulatory bodies bearing j/d.
6) The Hongyu S/Hs and Sterling agree that Sterling s/h all Hongyu’s title and interest in any phosphate properties, including, but not limited to the GP Property, and Sterling shall arrange for the financing of building a mining and processing plant on the GP property.
7) The Parties agree that the registered capital of HK Invested Hongyu s/b increased to the req’d level in order to build a mining processing plant and other facilities. Sterling s/ cause al the registered capital of HK Invested Hongyu t/b timely advanced to the accounts of Hongyu according to Chinese regulations.
8) Until such time as the acquisition is complete under the terms of the Agmt, Sterling w/b responsible for day-to-day maint ovhd costs of Hongyu, but will not be req’d to pay for any costs related to the building of a potential processing plant or other facilities. After the Agmts are signed, Hongyu s/ hand over all its documents and seals to Sterling. Sterling s/b in charge of maint of Hongyu during the period of the Agmts.
Project Plan
Project Name: Hunan Province, phosphate Tanjiaqiao field Gaoping phosphate
Location: Chenxi County Twp. High Tanjiaqiao Field Village
Constr. Content + Scale: annual output = 100K tons phosphate rock
Total Investment: 300 (million Yuan)
Owner: Chenxi County Hongyu Mining Co., Ltd.
Contact: Wu Haifeng
Phone: 13.97.308.1355
Evaluation by: Environmental Protection Science Research Institute Huaihua
Contact: Engineer Xiang
Phone: 07.45.273.0023
Facts about Chenxi County:
1. A railroad
2. 3 highways
3. River transportation (near branch of Yangtz river).
4. Also has reserves of coal, Cu, CaCO3, diamond, U.
5. Chemical plant producing phosphate fertilizer distributing to neighboring provinces.
http://baike.baidu.com/view/185444.htm, http://baike.baidu.com/view/2341720.htm
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60259931
http://baike.911cha.com/a2InNg==.html
Mining Report
China does not have official report (e.g., 43-101). Quantity of phosphate does appear reasonable
5-31-10 – Outlook Report, Int’l Fertilizer Indus. Assoc. Annual Conf., Paris (France)
5-31-10 – Outlook Report, Int’l Fertilizer Indus. Assoc. Annual Conf., Paris (France)
11-10-09 – Mining Permit [valid to 11-10-14; does not have to be transferred
-- Present Permit allows for 100,000 tons / yr.
-- Sterling plans to use open pit method + to increase production from initial 100K ton / yr to at least 400K ton / yr.
-- Hongyu paid resource fees to Chinese gov’t for 3.13 mil tons of phosphate resources for 5-year permit period only 3.13 mil tons).
-- Anyone who mines in China m/ pay resource tax + mineral resource compensation fee. The mineral resources compensation fees depend on mineral sales revenue, and are payable 2x per yr. See SGGV Post 243.
-- In Hunan province, phosphate rock hung suspended mineral resource tax levy since 10-1-2008.
China has imposed a 100-175% tariff to curtail exports.
FACTS ABOUT PHOSPHATE:
Cannot be synthesized, and is non-renewable.
Essential to process of photosynthesis.
Absorbed thru soil (est. 1.5 bil lbs of P is absorbed per year).
Several types used in fertilizer, but in North America, Ammonium Orthophosphates, such as diammonium phosphate (DAP) and monoamonium phosphate (MAP) are dominant, as they contain Nitrogen (another needed fertilizer).
CAVEAT: The entirety of the above was compiled by and contains opinions of this user, and is not to be relied upon. Do your own due diligence.
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I know (grin); current SGGV prices are like golden raindrops from Heaven. Imagine the garden that's going to grow!
Sheesh, you'd think Tsakok would reward all my hard work with some shares, lol.
SGGV - only my tweet. Like to put the summaries out there. Surprisingly, a lot of stock chatter on twitter.
SRSR - today's tweets:
IHUB_2S -- $SRSR 0,063 on ask ?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65870646
IHUB_2S - $SRSR few shares left at 0,061
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65870035
IHUB_2S - $SRSR: … with SRSR on the uptick again, it’s looking like a great day!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65867794
IHUB_2 – Maybe somebody has been trying to keep then price low but $SRSR outsmarted them if that is the case and got financing without regard to the share price. Who knows for sure.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65867683
MrBigzStockPix - $SRSR now up 10%
MrBigzStockPix - $SRSR up 5% and climbing.
theStockWizards – oTC Small Cap Movers Shakers … $SRSR
http://thestockwizards.net/hot/otc-small-cap-movers-shakers-lbas-biel-cnuv-srsr-ek/#.TjnjwGIeAWM.pingfm
SRSR - today's tweets:
IHUB_2S -- $SRSR 0,063 on ask ?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65870646
IHUB_2S - $SRSR few shares left at 0,061
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65870035
IHUB_2S - $SRSR: … with SRSR on the uptick again, it’s looking like a great day!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65867794
IHUB_2 – Maybe somebody has been trying to keep then price low but $SRSR outsmarted them if that is the case and got financing without regard to the share price. Who knows for sure.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65867683
MrBigzStockPix - $SRSR now up 10%
MrBigzStockPix - $SRSR up 5% and climbing.
theStockWizards – oTC Small Cap Movers Shakers … $SRSR
http://thestockwizards.net/hot/otc-small-cap-movers-shakers-lbas-biel-cnuv-srsr-ek/#.TjnjwGIeAWM.pingfm
Updated SGGV to account for increased O/S, which was part of deal.
SGGV summary – 8-4-11 ($0.18)
Sterling Group Ventures, Inc. (USOTC: SGGV, FRANKFURT: GD7)
350 S. E. Marine Dr., Suite 4743
Vancouver, BC., V5X 2S5
State of Inc: NV
Phone: 604.689.4407
Fax: 604.408.8515
URL: www.sterlinggroupventures.com
Email: info@sterlinggroupventures.com
PRINCIPALS:
CEO - Raoul N. TSAKOK
Family-run private investment grp. - http://farmindcapital.com/raoul.html
DD on Tsakok investment firm - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60160522
PRESIDENT – Xuxin (Richard) SHAO
47, Ph.D., Metallurgy
DIRECTOR – Gerald William RUNOLFSON
68, P.Eng.
Also, Pres. Elkon Products, Inc., Pres. Drunker, Inc. (DKIN), Dir. Horseshoe Moning (TSX: HSX)
DIRECTOR – Robert G. SMILEY
65, Consultant, former lawyer,
Also Pres. Richco Investors, Inc., Drucker, Inc. (DKIN), Dir. Canadian Imperial Venture Corp. (CQV), Teuton Resources Corp (TUO), Silver Grail Resources (SVG).
SENIOR ENGINEER – Shi-jin QIN
Many years’ experienced working with phosphate, including:
-- 645 Brigade and 679 Brigade, Northwest Geological Bureau, the Qilianshan Brigade of Gansu Province Geological Bureau and the No. 2 Brigade of the Gansu Geological Bureau;
-- Director, Yichang District Chemical Industry Bureau of Hubeai Province mining department, a significant phosphate producer, in charge of mining construction and technical management;
-- Senior Engineer and Vice Chief Engineer, Yichang Phosphorous Chemical Industry Group, Ltd. In charge of phosphate mining, construction, and development of phosphorous chemicals;
-- Senior Engineer and resource / reserve appraiser, as well as consultant in the phosphate mining industry.;
-- participated in the R&D of a number of phosphate projects in China;
-- won many awards in his field.
MARKET CAP - $11.8 mil. ($.18/sh) (8-3-11)
SHARE STRUCTURE (8-3-11):
A/S – 500,000,000
O/S – 75,380,000
Warrants – 28,387,500
Options (O/S) – 0
Fully Diluted – 94,117,841
Float – 24,000,000
AWAITING – Gaoping Deposit:
1. New tax account number organization code and foreign exchange account.
2. PR – layout of production plan.
3. November 10, 2014 – Permit granted by government of China for Gaoping Deposit expires (permit does not need to be transferred). Note: Investment Certificate approved by government of China is for a term of 30 years (to May 2041 AD).
4. June 13, 2031 – Term of Business License reflecting JV between Silver Castle (Sterling’s Hong Kong subsidiary) and Hongyu Mining Co., Ltd. for Hongyu mine expires.
AWAITING – Shujiatai Deposit:
1. July 10, 2012 – by this date, Sterling to have completed DD on Shujiatai Phosphate Property in Shimen Co., update Chinese study reports, and, thereafter, set up JV (see 3-9-11 8K).
PICTURES OF GAOPING MINING SITE:
YouTube video, Hunan Chenzhou, China Tour
Gaoping Deposit Location Map
Drill Holes
Gaoping site
Phosphate on Gaoping site
HISTORICAL:
7-26-11 – Sterling Appoints Experienced Miner for Phosphate Development in China
Appointed Mr. Shi-jin QIN as Senior Engineer. See above for Mr. QIN’s CV.
7-11-11 – Sterling Group Ventures, Inc. Completes Acquisition of China Phosphate Company
7-11-11 – 8K -- Completion of Acquisition or Disposition of Asets, Fin’l Stmt
1. Received all required approvals from Chinese authorities for completion of its acquisition of Chenxi County Hongyu Mining Co., Ltd. (“Hongyu) per 10-18-10 Agmt.
2. Consideration: RMB 2 million Yuan were paid to Hongyu shareholders.
3. Issued 10 million common shs.
4. SGGV subsidiary, Silver Castle Investments, Ltd. Now holds 90% of Hongyu. Other 10% held by nominees of Company.
6-15-11 - Sterling Receives Business License to Operate China Phosphate Project
Huaihua City Administration Bureau for Industry and Commerce awarded amended business license to reflect JV between Silver Castle (Sterling’s Hong Kong subsidiary) and Hongyu Mining Co., Ltd. License terminates June 13, 2031.
5-31-11 Stockvest Quarterly, Summer 2011; Twittered 6-10-11
5-24-11 – Investment Certificate Granted – Gaoping Deposit, Chenxi Co.
Sterling Receives Approval to Acquire China Phosphate Company.
1. Approval of Investment Certificate; given a term of 30 years; allows for mining, processing, sale of phosphate ore and products under its mining permit.
2. Approval of Silver Castle (Sterling’s Hong Kong subsidiary), investment in the operating Chinese company, Chenxi Co. Hongyu Mining Co., Ltd (“Hongyu”). As a result, Silver Castle will control 90% of the shares of Hongyu.
3. Sterling also applied for the Amendment of the Hongyu’s business license to reflect the new JV structure, & anticipates its approval by local authorities shortly before putting the Hongyu phosphate deposit into production.
4. The company is currently reviewing other potential phosphate project acquisitions.
http://ih.advfn.com/p.php?pid=nmona&article=47805975&symbol=SGGV
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63491373
5-23-11 – Sterling Contracts StockVest
5-23-11 – Sterling Contracts StockVest
PR contract is for an initial 3 month term; various investor info svcs w/b provided.
Per Max Power’s telecom of May 25, 2011 with Stockvest, it plans to provide:
1. Trade shows taking SGGV to multiple shows all over the world, starting with an accredited investor’s conference in early June in Colorado, followed by: July NOLA FSX show, Aug. SFO The Money Show, Sept 3 shows Toronto + Vancouver World Money Shows, Oct. Chicago + Miami, then rest of year in London, HK, and other cities.
2. Video – producing video for SGGV w/ professional production values highlighting huge opportunity that exists for investors.
3. PRs – disseminate PRs out on hundreds of news wires and insure that Google and other search engines pick up on it.
4. Email blasts, Electronic IR kits, and Mailings – sending info out to opt in investors, no spamming.
5. StockVest Quarterly – prominently displayed in its newsletter,, as well as placing it on a web informational portal on their website.
4-16-11 – Financials ending Feb. 28, 2011.
http://finance.yahoo.com/q/is?s=sggv.pk
4-13-11 – 10-Q (Quarterly Report ending May 31, 2010)
http://biz.yahoo.com/e/110413/sggv.pk10-q.html
3-16-11 – 8K and Private Placement
-- Private Placement = $2 mil. to be used toward 10-18-10 Agmt re Gaoping phosphate mine with other phosphate resources in Hunan and for working capital.
-- 20 mil units (each unit = 1 common sh + 1 non-transferrable sh purchase warrant) @ $.10 ea.
-- Each warrant exercisable for 1 yr to purch add’l common sh at $.15/sh.
-- Current Warrants O/S at various exercise prices from $.15 to $1.00 / sh, if exercised, w/ raise another $8,839,125.
-- Warrant holders already picking up their shares: also issued 801,666 common shs at $.18 / sh from exercise of warrants by holders + recv’d $144,300 cash.
-- Fully diluted upon exercise of all warrants, there w/b 93,767,841 shs of cap stock issued + O/S.
-- 752,500 finders’ units issued relating to PP.
Press Release - http://finance.yahoo.com/news/Sterling-Closes-Financing-to-iw-2029059324.html?x=0&.v=1
8K - http://biz.yahoo.com/e/110316/sggv.pk8-k.html
3-9-11 – 8K
LOI signed 11-10-10 filed in 8K. Sterling will conduct DD on Shujiatai phosphate property in Shimen Co. w/in 1 ½ yrs and update, if req’d., any Chinese study rprts for bldg mining, processing, + chem. plant. After DD complete, Sterling shall set up a JV in Shimen Co. for developing property. See 11-10-10.
http://www.sec.gov/Archives/edgar/data/1175416/000117541611000009/0001175416-11-000009-index.htm
3-9-11 – 8K
10-18-10 – Entry into MDA | Sterling signed 2 Agmts w/ Chenxi Co. Hongyu Mining Co., Ltd (“Honghyu”) + its S/Hs (“Hongyu S/Hs) re Gaoping Phosphate Mine in Tanjiaxiang, Chexing Co., Hunan Province, China. and other phosphate resources.
http://www.sec.gov/Archives/edgar/data/1175416/000117541611000008/0001175416-11-000008-index.htm
3-9-11 – Board Meeting
2-28-11 -- 10Q
http://ih.advfn.com/p.php?pid=nmona&article=47275031
2-15-11 – Pacer Search
No lawsuits found against any of the principals (corps., and Tsakok, Shao, Runolfson, and Smiley) listed in the 10-18-10 Agreement.
2-14-11 – 8K
1. Approved extension of 3,817,500 Series A Sh Purch Warrants for earlier of 1 yr from current date of expiry or to close of bus on 30th day after takeover bid for Company’s issued and O/S sh capital has been made by 3rd pty and approved by share holders.
2. BoD approved acceleration of warrants expiry date any time prior to extended expiry date of Warrants to close of bus on 30th day after day on which closing price of shs exceeds $.80 for 20 consecutive trading days.
3. Upon exercise of Series A Sh Purch Warrants at $.50 ea, holder will receive 1 Common Sh of company and a Series B Sh Purchase Warrant exercisable at $1.00 for another yr. The Series A Sh Purch Warrants were originally issued pursuant to a PP commencing in Feb. 2004.
http://biz.yahoo.com/e/110215/sggv.ob8-k.html
2-12-11 – NEWS – Micro Cap Acquires Phosphate Company in China
http://www.mineralstox.com/info/street.asp?newsid=2265
2-10-11 – NEWS – SGGV CEO Sanctioned in B.C. (in 2006), + CEO Reply
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59797515
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59797705
1-24-11 – NEWS – Sterling Arranges Funds to Develop China Phosphate Deposit
http://www.marketwire.com/press-release/Sterling-Arranges-Funds-to-Develop-China-Phosphate-Deposit-OTC-Bulletin-Board-SGGV-1384345.htm
1-11-11 – 10Q (ending Nov. 30, 2010)
http://www.otcmarkets.com/stock/SGGV/financials
1-4-11 – NEWS – US Fertiliser Prices Track Higher
http://www.farms.com/FarmsPages/Commentary/DetailedCommentary/tabid/192/Default.aspx?NewsID=37366
1-1-11 – MKT FORECAST – 2011 Sulfer Market Forecast
http://resources.alibaba.com/topic/800080870/Sulfur_Market_Forecast_2011.htm
12-26-10 – CORP. RPT. – Sterling Group Ventures, Inc. Corporate Report
http://www.sterlinggroupventures.com/Sterling_Phosphate_Report3.pdf
12-4-10 – NEWS – Roadmap – Silvercorp Well Dug In
http://www.nationalpost.com/todays-paper/Silvercorp+well/3927558/story.html
12-1-10 – NEWS – China Hikes Fertilizer Tariff to Stem Exports
http://www.chinadaily.com.cn/business/2010-12/01/content_11634781.htm
11-16-10 – 8K – Sterling Signs LOI to Develop Phosphate Deposit in China
http://www.otcmarkets.com/stock/SGGV/financials
POWERPOINT PRESENTATION – Sterling Group Ventures – Phosphate
http://www.sterlinggroupventures.com/Sterling_Phosphate_Presentation3.pdf
11-10-10 – LOI – Sterling signed LOI with Shimen Merchants Bureau
Terms: 1) Sterling to conduct DD on property w/in 1 ½ yrs and update Chinese study reports, if necessary. 2) Sterling will set up JV to develop deposit + build a mining, processing, + chemical plant.
Location: Shimen County, Hunan Province of China.
Est. value = $5.04 bil.
10-21-10 – 8K – Announce 10-18-10 Agreement
http://www.otcmarkets.com/stock/SGGV/financials
http://www.marketwire.com/press-release/Sterling-Acquires-Phosphate-Company-in-China-OTC-Bulletin-Board-SGGV-1339000.htm
10-18-10 – HONGYU AGREEMENT – GAOPING FIELD
Structure:
Sterling Group Ventures, Inc.
-> Sterling Makaelo Holdings, Inc. (100 held by Sterling)
--> Silver Castle Investments Limited (set up in HK, 80% held by Makaelo, 20% Chinese)
---> HK Invested Hongyu [Chenxi County Hongyu Mining Co., Ltd. (90% held by Silver Castle).
Terms:
1) Silver Castle will inject capital, subject to gov’t approval, to develop + put into production the Gaoping Phosphate mine, which has 58.16 mil tons of phosphate rock resource grading 19.8% P2O5 (est. value = $8.14 bil). Production costs est. $34/ton.
2) Hongyu agrees to surrender its future exclusive cooperative rights to Sterling. Honghyu S/Hs acknowledge and agree that Sterling shall set up an investment company in Hong Kong, which will initially be owned 80% Sterling, 20% Hongyu S/Hs. If Sterling does not complete taking over Hongyu thru the investment company w/in 3 months after signing the agmts, Sterling shall pay RMB 200,000 Yuan to Hongyu S/H as down pymt.
3) The Hongyu S/H shall keep the GP Property in good standing at all times during term of Agmt and shall keep Permit valid and effective, free from encumbrance or liability. Hongyu agrees to assist w/ above matters. The investment co. shall acquire 90% interest in Hongyu. The remaining 10% interest in Hongyu s/b transferred to nominees of Sterling. After this transaction, Hongyu s/ become a Hong Kong/China JV company (“HK Invested Hongyu”). Within 5 business days after approval of HK invested Hongyu by the appropriate Chinese authorities, Sterling s/ pay RMB 2 mil Yuan to the Hongyu S/Hs.
4) Sterling will ensure that the net assets value of Hongyu w/b RMB 5 mil Yuan during the acquisition.
5) The Hongyu S/Hs also agree to sell their 20% interest in the Investment Co to Sterling when requested to do so, in exchange for 10 mil common shs of Sterling’s capital stock t/b issued as consideration for such sale and shall at all times be subject to the rules + rqmts of US regulatory bodies bearing j/d.
6) The Hongyu S/Hs and Sterling agree that Sterling s/h all Hongyu’s title and interest in any phosphate properties, including, but not limited to the GP Property, and Sterling shall arrange for the financing of building a mining and processing plant on the GP property.
7) The Parties agree that the registered capital of HK Invested Hongyu s/b increased to the req’d level in order to build a mining processing plant and other facilities. Sterling s/ cause al the registered capital of HK Invested Hongyu t/b timely advanced to the accounts of Hongyu according to Chinese regulations.
8) Until such time as the acquisition is complete under the terms of the Agmt, Sterling w/b responsible for day-to-day maint ovhd costs of Hongyu, but will not be req’d to pay for any costs related to the building of a potential processing plant or other facilities. After the Agmts are signed, Hongyu s/ hand over all its documents and seals to Sterling. Sterling s/b in charge of maint of Hongyu during the period of the Agmts.
Project Plan:
http://docs.google.com/viewer?a=v&q=cache:kFLi79fXmhEJ:www.hhhbj.gov.cn/mypiczw/2007516195456787.pdf+%E8%BE%B0%E6%BA%AA%E5%8E%BF%E5%AE%8F%E5%AE%87%E7%9F%BF%E4%B8%9A&hl=en&gl=us&pid=bl&srcid=ADGEESjG6JtsNfcQkp8RLaKky4c7YVSaCu8t5xRs1oDzMsgasmu95z4cILGLZqQmF2eKJlJI1K1aG1uWC2RRgrPczPm3YYDuIIE_5W4LMJMG_BCIJW0oyFwT9E-vgRMxPSX3Mmbcjpr-&sig=AHIEtbQ42T01i8CagXNx5LX6xe8j3XhdSQ&pli=1
Project Name: Hunan Province, phosphate Tanjiaqiao field Gaoping phosphate
Location: Chenxi County Twp. High Tanjiaqiao Field Village
Constr. Content + Scale: annual output = 100K tons phosphate rock
Total Investment: 300 (million Yuan)
Owner: Chenxi County Hongyu Mining Co., Ltd.
Contact: Wu Haifeng
Phone: 13.97.308.1355
Evaluation by: Environmental Protection Science Research Institute Huaihua
Contact: Engineer Xiang
Phone: 07.45.273.0023
Facts about Chenxi County:
1. A railroad
2. 3 highways
3. River transportation (near branch of Yangtz river).
4. Also has reserves of coal, Cu, CaCO3, diamond, U.
5. Chemical plant producing phosphate fertilizer distributing to neighboring provinces.
http://baike.baidu.com/view/185444.htm, http://baike.baidu.com/view/2341720.htm
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60259931
http://baike.911cha.com/a2InNg==.html
Mining report – China does not have official report (e.g., 43-101). Quantity of phosphate does appear reasonable (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60260402).
5-31-10 – OUTLOOK RPT. – Int’l Fertilizer Indus. Assoc. Annual Conf., Paris (France)
http://www.sterlinggroupventures.com/ifa_june_2010.pdf
2010-2011 – MARKET ANALYSIS – China’s Phosphate + Compound Fertilizer Mkt Analysis + Forecast Rpt (2010-2011)
http://www.researchandmarkets.com/reportinfo.asp?report_id=1503875&tracker=related
11-10-09 – MINING PERMIT [valid to 11-10-14; does not have to be transferred]
http://webcache.googleusercontent.com/search?q=cache:-JnEaibstCAJ:www.gtzy.hunan.gov.cn/gtmh/zxfw/zwdt/jggg/index.jsp%3FpageIndex%3D53%26flowName%3D%E9%87%87%E7%9F%BF%E8%AE%B8%E5%8F%AF+c4300002009116120048322&cd=1&hl=en&ct=clnk&gl=us&lr=lang_zh-CN&source=www.google.com
-- Present Permit allows for 100,000 tons / yr.
-- Sterling plans to use open pit method + to increase production from initial 100K ton / yr to at least 400K ton / yr.
-- Hongyu paid resource fees to Chinese gov’t for 3.13 mil tons of phosphate resources for 5-year permit period only 3.13 mil tons).
-- Anyone who mines in China m/ pay resource tax + mineral resource compensation fee. The mineral resources compensation fees depend on mineral sales revenue, and are payable 2x per yr. See SGGV Post 243.
-- In Hunan province, phosphate rock hung suspended mineral resource tax levy since 10-1-2008.
China has imposed a 100-175% tariff to curtail exports.
FACTS ABOUT PHOSPHATE:
Cannot be synthesized, and is non-renewable.
Essential to process of photosynthesis.
Absorbed thru soil (est. 1.5 bil lbs of P is absorbed per year).
Several types used in fertilizer, but in North America, Ammonium Orthophosphates, such as diammonium phosphate (DAP) and monoamonium phosphate (MAP) are dominant, as they contain Nitrogen (another needed fertilizer).
CAVEAT: The entirety of the above was compiled by and contains opinions of this user, and is not to be relied upon. Do your own due diligence.
SGGV summary – 8-4-11 ($0.18)
Sterling Group Ventures, Inc. (USOTC: SGGV, FRANKFURT: GD7)
350 S. E. Marine Dr., Suite 4743
Vancouver, BC., V5X 2S5
State of Inc: NV
Phone: 604.689.4407
Fax: 604.408.8515
URL: www.sterlinggroupventures.com
Email: info@sterlinggroupventures.com
PRINCIPALS:
CEO - Raoul N. TSAKOK
Family-run private investment grp. - http://farmindcapital.com/raoul.html
DD on Tsakok investment firm - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60160522
PRESIDENT – Xuxin (Richard) SHAO
47, Ph.D., Metallurgy
DIRECTOR – Gerald William RUNOLFSON
68, P.Eng.
Also, Pres. Elkon Products, Inc., Pres. Drunker, Inc. (DKIN), Dir. Horseshoe Moning (TSX: HSX)
DIRECTOR – Robert G. SMILEY
65, Consultant, former lawyer,
Also Pres. Richco Investors, Inc., Drucker, Inc. (DKIN), Dir. Canadian Imperial Venture Corp. (CQV), Teuton Resources Corp (TUO), Silver Grail Resources (SVG).
SENIOR ENGINEER – Shi-jin QIN
Many years’ experienced working with phosphate, including:
-- 645 Brigade and 679 Brigade, Northwest Geological Bureau, the Qilianshan Brigade of Gansu Province Geological Bureau and the No. 2 Brigade of the Gansu Geological Bureau;
-- Director, Yichang District Chemical Industry Bureau of Hubeai Province mining department, a significant phosphate producer, in charge of mining construction and technical management;
-- Senior Engineer and Vice Chief Engineer, Yichang Phosphorous Chemical Industry Group, Ltd. In charge of phosphate mining, construction, and development of phosphorous chemicals;
-- Senior Engineer and resource / reserve appraiser, as well as consultant in the phosphate mining industry.;
-- participated in the R&D of a number of phosphate projects in China;
-- won many awards in his field.
MARKET CAP - $11.8 mil. ($.18/sh) (8-3-11)
SHARE STRUCTURE (8-3-11):
A/S – 500,000,000
O/S – 75,380,000
Warrants – 28,387,500
Options (O/S) – 0
Fully Diluted – 94,117,841
Float – 24,000,000
AWAITING – Gaoping Deposit:
1. New tax account number organization code and foreign exchange account.
2. PR – layout of production plan.
3. November 10, 2014 – Permit granted by government of China for Gaoping Deposit expires (permit does not need to be transferred). Note: Investment Certificate approved by government of China is for a term of 30 years (to May 2041 AD).
4. June 13, 2031 – Term of Business License reflecting JV between Silver Castle (Sterling’s Hong Kong subsidiary) and Hongyu Mining Co., Ltd. for Hongyu mine expires.
AWAITING – Shujiatai Deposit:
1. July 10, 2012 – by this date, Sterling to have completed DD on Shujiatai Phosphate Property in Shimen Co., update Chinese study reports, and, thereafter, set up JV (see 3-9-11 8K).
PICTURES OF GAOPING MINING SITE:
YouTube video, Hunan Chenzhou, China Tour
Gaoping Deposit Location Map
Drill Holes
Gaoping site
Phosphate on Gaoping site
HISTORICAL:
7-26-11 – Sterling Appoints Experienced Miner for Phosphate Development in China
Appointed Mr. Shi-jin QIN as Senior Engineer. See above for Mr. QIN’s CV.
7-11-11 – Sterling Group Ventures, Inc. Completes Acquisition of China Phosphate Company
7-11-11 – 8K -- Completion of Acquisition or Disposition of Asets, Fin’l Stmt
1. Received all required approvals from Chinese authorities for completion of its acquisition of Chenxi County Hongyu Mining Co., Ltd. (“Hongyu) per 10-18-10 Agmt.
2. Consideration: RMB 2 million Yuan were paid to Hongyu shareholders.
3. Issued 10 million common shs.
4. SGGV subsidiary, Silver Castle Investments, Ltd. Now holds 90% of Hongyu. Other 10% held by nominees of Company.
6-15-11 - Sterling Receives Business License to Operate China Phosphate Project
Huaihua City Administration Bureau for Industry and Commerce awarded amended business license to reflect JV between Silver Castle (Sterling’s Hong Kong subsidiary) and Hongyu Mining Co., Ltd. License terminates June 13, 2031.
5-31-11 Stockvest Quarterly, Summer 2011; Twittered 6-10-11
5-24-11 – Investment Certificate Granted – Gaoping Deposit, Chenxi Co.
Sterling Receives Approval to Acquire China Phosphate Company.
1. Approval of Investment Certificate; given a term of 30 years; allows for mining, processing, sale of phosphate ore and products under its mining permit.
2. Approval of Silver Castle (Sterling’s Hong Kong subsidiary), investment in the operating Chinese company, Chenxi Co. Hongyu Mining Co., Ltd (“Hongyu”). As a result, Silver Castle will control 90% of the shares of Hongyu.
3. Sterling also applied for the Amendment of the Hongyu’s business license to reflect the new JV structure, & anticipates its approval by local authorities shortly before putting the Hongyu phosphate deposit into production.
4. The company is currently reviewing other potential phosphate project acquisitions.
http://ih.advfn.com/p.php?pid=nmona&article=47805975&symbol=SGGV
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63491373
5-23-11 – Sterling Contracts StockVest
5-23-11 – Sterling Contracts StockVest
PR contract is for an initial 3 month term; various investor info svcs w/b provided.
Per Max Power’s telecom of May 25, 2011 with Stockvest, it plans to provide:
1. Trade shows taking SGGV to multiple shows all over the world, starting with an accredited investor’s conference in early June in Colorado, followed by: July NOLA FSX show, Aug. SFO The Money Show, Sept 3 shows Toronto + Vancouver World Money Shows, Oct. Chicago + Miami, then rest of year in London, HK, and other cities.
2. Video – producing video for SGGV w/ professional production values highlighting huge opportunity that exists for investors.
3. PRs – disseminate PRs out on hundreds of news wires and insure that Google and other search engines pick up on it.
4. Email blasts, Electronic IR kits, and Mailings – sending info out to opt in investors, no spamming.
5. StockVest Quarterly – prominently displayed in its newsletter,, as well as placing it on a web informational portal on their website.
4-16-11 – Financials ending Feb. 28, 2011.
http://finance.yahoo.com/q/is?s=sggv.pk
4-13-11 – 10-Q (Quarterly Report ending May 31, 2010)
http://biz.yahoo.com/e/110413/sggv.pk10-q.html
3-16-11 – 8K and Private Placement
-- Private Placement = $2 mil. to be used toward 10-18-10 Agmt re Gaoping phosphate mine with other phosphate resources in Hunan and for working capital.
-- 20 mil units (each unit = 1 common sh + 1 non-transferrable sh purchase warrant) @ $.10 ea.
-- Each warrant exercisable for 1 yr to purch add’l common sh at $.15/sh.
-- Current Warrants O/S at various exercise prices from $.15 to $1.00 / sh, if exercised, w/ raise another $8,839,125.
-- Warrant holders already picking up their shares: also issued 801,666 common shs at $.18 / sh from exercise of warrants by holders + recv’d $144,300 cash.
-- Fully diluted upon exercise of all warrants, there w/b 93,767,841 shs of cap stock issued + O/S.
-- 752,500 finders’ units issued relating to PP.
Press Release - http://finance.yahoo.com/news/Sterling-Closes-Financing-to-iw-2029059324.html?x=0&.v=1
8K - http://biz.yahoo.com/e/110316/sggv.pk8-k.html
3-9-11 – 8K
LOI signed 11-10-10 filed in 8K. Sterling will conduct DD on Shujiatai phosphate property in Shimen Co. w/in 1 ½ yrs and update, if req’d., any Chinese study rprts for bldg mining, processing, + chem. plant. After DD complete, Sterling shall set up a JV in Shimen Co. for developing property. See 11-10-10.
http://www.sec.gov/Archives/edgar/data/1175416/000117541611000009/0001175416-11-000009-index.htm
3-9-11 – 8K
10-18-10 – Entry into MDA | Sterling signed 2 Agmts w/ Chenxi Co. Hongyu Mining Co., Ltd (“Honghyu”) + its S/Hs (“Hongyu S/Hs) re Gaoping Phosphate Mine in Tanjiaxiang, Chexing Co., Hunan Province, China. and other phosphate resources.
http://www.sec.gov/Archives/edgar/data/1175416/000117541611000008/0001175416-11-000008-index.htm
3-9-11 – Board Meeting
2-28-11 -- 10Q
http://ih.advfn.com/p.php?pid=nmona&article=47275031
2-15-11 – Pacer Search
No lawsuits found against any of the principals (corps., and Tsakok, Shao, Runolfson, and Smiley) listed in the 10-18-10 Agreement.
2-14-11 – 8K
1. Approved extension of 3,817,500 Series A Sh Purch Warrants for earlier of 1 yr from current date of expiry or to close of bus on 30th day after takeover bid for Company’s issued and O/S sh capital has been made by 3rd pty and approved by share holders.
2. BoD approved acceleration of warrants expiry date any time prior to extended expiry date of Warrants to close of bus on 30th day after day on which closing price of shs exceeds $.80 for 20 consecutive trading days.
3. Upon exercise of Series A Sh Purch Warrants at $.50 ea, holder will receive 1 Common Sh of company and a Series B Sh Purchase Warrant exercisable at $1.00 for another yr. The Series A Sh Purch Warrants were originally issued pursuant to a PP commencing in Feb. 2004.
http://biz.yahoo.com/e/110215/sggv.ob8-k.html
2-12-11 – NEWS – Micro Cap Acquires Phosphate Company in China
http://www.mineralstox.com/info/street.asp?newsid=2265
2-10-11 – NEWS – SGGV CEO Sanctioned in B.C. (in 2006), + CEO Reply
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59797515
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59797705
1-24-11 – NEWS – Sterling Arranges Funds to Develop China Phosphate Deposit
http://www.marketwire.com/press-release/Sterling-Arranges-Funds-to-Develop-China-Phosphate-Deposit-OTC-Bulletin-Board-SGGV-1384345.htm
1-11-11 – 10Q (ending Nov. 30, 2010)
http://www.otcmarkets.com/stock/SGGV/financials
1-4-11 – NEWS – US Fertiliser Prices Track Higher
http://www.farms.com/FarmsPages/Commentary/DetailedCommentary/tabid/192/Default.aspx?NewsID=37366
1-1-11 – MKT FORECAST – 2011 Sulfer Market Forecast
http://resources.alibaba.com/topic/800080870/Sulfur_Market_Forecast_2011.htm
12-26-10 – CORP. RPT. – Sterling Group Ventures, Inc. Corporate Report
http://www.sterlinggroupventures.com/Sterling_Phosphate_Report3.pdf
12-4-10 – NEWS – Roadmap – Silvercorp Well Dug In
http://www.nationalpost.com/todays-paper/Silvercorp+well/3927558/story.html
12-1-10 – NEWS – China Hikes Fertilizer Tariff to Stem Exports
http://www.chinadaily.com.cn/business/2010-12/01/content_11634781.htm
11-16-10 – 8K – Sterling Signs LOI to Develop Phosphate Deposit in China
http://www.otcmarkets.com/stock/SGGV/financials
POWERPOINT PRESENTATION – Sterling Group Ventures – Phosphate
http://www.sterlinggroupventures.com/Sterling_Phosphate_Presentation3.pdf
11-10-10 – LOI – Sterling signed LOI with Shimen Merchants Bureau
Terms: 1) Sterling to conduct DD on property w/in 1 ½ yrs and update Chinese study reports, if necessary. 2) Sterling will set up JV to develop deposit + build a mining, processing, + chemical plant.
Location: Shimen County, Hunan Province of China.
Est. value = $5.04 bil.
10-21-10 – 8K – Announce 10-18-10 Agreement
http://www.otcmarkets.com/stock/SGGV/financials
http://www.marketwire.com/press-release/Sterling-Acquires-Phosphate-Company-in-China-OTC-Bulletin-Board-SGGV-1339000.htm
10-18-10 – HONGYU AGREEMENT – GAOPING FIELD
Structure:
Sterling Group Ventures, Inc.
-> Sterling Makaelo Holdings, Inc. (100 held by Sterling)
--> Silver Castle Investments Limited (set up in HK, 80% held by Makaelo, 20% Chinese)
---> HK Invested Hongyu [Chenxi County Hongyu Mining Co., Ltd. (90% held by Silver Castle).
Terms:
1) Silver Castle will inject capital, subject to gov’t approval, to develop + put into production the Gaoping Phosphate mine, which has 58.16 mil tons of phosphate rock resource grading 19.8% P2O5 (est. value = $8.14 bil). Production costs est. $34/ton.
2) Hongyu agrees to surrender its future exclusive cooperative rights to Sterling. Honghyu S/Hs acknowledge and agree that Sterling shall set up an investment company in Hong Kong, which will initially be owned 80% Sterling, 20% Hongyu S/Hs. If Sterling does not complete taking over Hongyu thru the investment company w/in 3 months after signing the agmts, Sterling shall pay RMB 200,000 Yuan to Hongyu S/H as down pymt.
3) The Hongyu S/H shall keep the GP Property in good standing at all times during term of Agmt and shall keep Permit valid and effective, free from encumbrance or liability. Hongyu agrees to assist w/ above matters. The investment co. shall acquire 90% interest in Hongyu. The remaining 10% interest in Hongyu s/b transferred to nominees of Sterling. After this transaction, Hongyu s/ become a Hong Kong/China JV company (“HK Invested Hongyu”). Within 5 business days after approval of HK invested Hongyu by the appropriate Chinese authorities, Sterling s/ pay RMB 2 mil Yuan to the Hongyu S/Hs.
4) Sterling will ensure that the net assets value of Hongyu w/b RMB 5 mil Yuan during the acquisition.
5) The Hongyu S/Hs also agree to sell their 20% interest in the Investment Co to Sterling when requested to do so, in exchange for 10 mil common shs of Sterling’s capital stock t/b issued as consideration for such sale and shall at all times be subject to the rules + rqmts of US regulatory bodies bearing j/d.
6) The Hongyu S/Hs and Sterling agree that Sterling s/h all Hongyu’s title and interest in any phosphate properties, including, but not limited to the GP Property, and Sterling shall arrange for the financing of building a mining and processing plant on the GP property.
7) The Parties agree that the registered capital of HK Invested Hongyu s/b increased to the req’d level in order to build a mining processing plant and other facilities. Sterling s/ cause al the registered capital of HK Invested Hongyu t/b timely advanced to the accounts of Hongyu according to Chinese regulations.
8) Until such time as the acquisition is complete under the terms of the Agmt, Sterling w/b responsible for day-to-day maint ovhd costs of Hongyu, but will not be req’d to pay for any costs related to the building of a potential processing plant or other facilities. After the Agmts are signed, Hongyu s/ hand over all its documents and seals to Sterling. Sterling s/b in charge of maint of Hongyu during the period of the Agmts.
Project Plan:
http://docs.google.com/viewer?a=v&q=cache:kFLi79fXmhEJ:www.hhhbj.gov.cn/mypiczw/2007516195456787.pdf+%E8%BE%B0%E6%BA%AA%E5%8E%BF%E5%AE%8F%E5%AE%87%E7%9F%BF%E4%B8%9A&hl=en&gl=us&pid=bl&srcid=ADGEESjG6JtsNfcQkp8RLaKky4c7YVSaCu8t5xRs1oDzMsgasmu95z4cILGLZqQmF2eKJlJI1K1aG1uWC2RRgrPczPm3YYDuIIE_5W4LMJMG_BCIJW0oyFwT9E-vgRMxPSX3Mmbcjpr-&sig=AHIEtbQ42T01i8CagXNx5LX6xe8j3XhdSQ&pli=1
Project Name: Hunan Province, phosphate Tanjiaqiao field Gaoping phosphate
Location: Chenxi County Twp. High Tanjiaqiao Field Village
Constr. Content + Scale: annual output = 100K tons phosphate rock
Total Investment: 300 (million Yuan)
Owner: Chenxi County Hongyu Mining Co., Ltd.
Contact: Wu Haifeng
Phone: 13.97.308.1355
Evaluation by: Environmental Protection Science Research Institute Huaihua
Contact: Engineer Xiang
Phone: 07.45.273.0023
Facts about Chenxi County:
1. A railroad
2. 3 highways
3. River transportation (near branch of Yangtz river).
4. Also has reserves of coal, Cu, CaCO3, diamond, U.
5. Chemical plant producing phosphate fertilizer distributing to neighboring provinces.
http://baike.baidu.com/view/185444.htm, http://baike.baidu.com/view/2341720.htm
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60259931
http://baike.911cha.com/a2InNg==.html
Mining report – China does not have official report (e.g., 43-101). Quantity of phosphate does appear reasonable (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60260402).
5-31-10 – OUTLOOK RPT. – Int’l Fertilizer Indus. Assoc. Annual Conf., Paris (France)
http://www.sterlinggroupventures.com/ifa_june_2010.pdf
2010-2011 – MARKET ANALYSIS – China’s Phosphate + Compound Fertilizer Mkt Analysis + Forecast Rpt (2010-2011)
http://www.researchandmarkets.com/reportinfo.asp?report_id=1503875&tracker=related
11-10-09 – MINING PERMIT [valid to 11-10-14; does not have to be transferred]
http://webcache.googleusercontent.com/search?q=cache:-JnEaibstCAJ:www.gtzy.hunan.gov.cn/gtmh/zxfw/zwdt/jggg/index.jsp%3FpageIndex%3D53%26flowName%3D%E9%87%87%E7%9F%BF%E8%AE%B8%E5%8F%AF+c4300002009116120048322&cd=1&hl=en&ct=clnk&gl=us&lr=lang_zh-CN&source=www.google.com
-- Present Permit allows for 100,000 tons / yr.
-- Sterling plans to use open pit method + to increase production from initial 100K ton / yr to at least 400K ton / yr.
-- Hongyu paid resource fees to Chinese gov’t for 3.13 mil tons of phosphate resources for 5-year permit period only 3.13 mil tons).
-- Anyone who mines in China m/ pay resource tax + mineral resource compensation fee. The mineral resources compensation fees depend on mineral sales revenue, and are payable 2x per yr. See SGGV Post 243.
-- In Hunan province, phosphate rock hung suspended mineral resource tax levy since 10-1-2008.
China has imposed a 100-175% tariff to curtail exports.
FACTS ABOUT PHOSPHATE:
Cannot be synthesized, and is non-renewable.
Essential to process of photosynthesis.
Absorbed thru soil (est. 1.5 bil lbs of P is absorbed per year).
Several types used in fertilizer, but in North America, Ammonium Orthophosphates, such as diammonium phosphate (DAP) and monoamonium phosphate (MAP) are dominant, as they contain Nitrogen (another needed fertilizer).
CAVEAT: The entirety of the above was compiled by and contains opinions of this user, and is not to be relied upon. Do your own due diligence.
test
CNYC summary – 8-3-11
TSX – CNC
OTC:BB – CNYC
Canyon Copper Corp (CNYC.OB)
1199 West Pender St., Suite 408
Vancouver, BC V6E 2R1
Phone: 604.331.9326 / 888.331.9326
Fax: 604.684.9365
URL: www.canyoncc.com
Email: info@canyoncc.com
IR: Robert Meister, Phone: 1.888.331.9326 x-231 / 1.604.331.9326 x-231 / info@cayoncc.com
A resource exploration company with a well-advanced copper (both Oxide and Sulphide) and Molybdenum project. The Property lies within the famous Walker Lane Structural Belt of western Nevada, in Mineral County, Nevada, near the town of Luning. Canyon Copper holds a 100% interest in over 1,300 plus mineral claims (21 patented claims and 1,332 unpatented claims) representing approximately 27,000 acres.]
Immediate Corporate Objectives:
-- Develop a bulk tonnage Copper and Molybendum property in a 5km x 3 km mineralized belt.
-- Aggressive drill program to expand current NI 43-101 resource.
-- Acquisition of neighboring properties with significant resources.
-- Aim to establish a 2 billion lb. copper / molybdenum/gold resource and become a near-term producer.
MARKET CAP ~ $20,436,240 ($.33)
SHARE STRUCTURE (8-3-11):
Authorized Shares = 74,785,143
Outstanding Shares = 68,396,934
Held by Insiders = ~ 85%
Options Outstanding = 3,548,434 $0.27
Float = 15,800,000
AWAITING:
1. Marketing campaign targeting brokerage houses in Canada.
2. 3-5 drill units on site.
3. Hiring of new geologist for site management.
4. Property reassessment of core samples for value.
5. Pre-feasibility study.
6. Feasibility study.
7. Production (not restricted by season changes).
8. US uplisting to AMEX.
9. Acquisition of neighboring properties w/ significant resources around existing site in near future.
____Location of CNYC Project Area in Nevada____________Map of CNYC Claims: 1,353 mineral claims, 27,000+ acres
Identification 3 Primary Mining Zones: 1,353 mineral claims, 27,000+ acres
1. COPPER QUEEN – on the west.
Has no exposed mineralization at surface, but contains Cu sulfide skarn at depth and an incompletely confirmed Cu-molybdenum sulphide porphyry system at greater depth.
2. CHAMPION – in the center.
Numerous widespread exposures of copper skarn mineralization, both in surface outcrop and abundant old mine workings.
Picture of Copper Queen and Champion Mineralized Zones
3. LONGSHOT RIDGE – on the east.
Numerous widespread exposures of copper skarn mineralization, both in surface outcrop and abundant old mine workings.
Majority of recent exploration efforts have been focused on extensive oxide Cu skarn mineralization at this location.
Formation: The Cu mineralization and associated alternation here at Longshot are projects of an extensive Cu-rich skarn system formed in carbonaceous sediments of the Luning, Gabbs and Sunrise Formations. Small amounts of Cu occur also in stockwork veinlets in felsic porphyry intrusive sills and dikes. The Cu mineralization consists almost entirely of secondary copper minerals, principally malachite, axurite, chrysocalla, and copper wad, in order of abundance. Additionally, some Cu-rich limonite (goethite) has been reported.
Deposit centralization: About 90% of the Longshot mineralization is within the 2 upper units of the Gabbs Formation. Drilling reveals that the strongest, thickest, and most continuous mineralization occurs in a NE-trending zone, 200’ W x 1300’ L, which is crossed by 2 NW-trending structurally-controlled high-grade zones, each about 100’ W and from 400-700’ L.
3-D Video of Cu Occurrence at Longshot Ridge – IMPRESSIVE -- http://www.canyoncc.com/s/NYCLongshot.asp?ReportID=439242
2004 Drilling Results, Longshot Ridge
-- Completed 2 diamond drill holes on Longshot: Drill hole 04-01 intersected 193’ of 0.547% Cu (from 20’ – 213’) including 50’ of 0.827% Cu (from 80’ – 130’). This hole ended in strong Cu mineralization.
-- Drill hole 04-03 was a vertical hole drilled to a depth of 43’. While drilling the hole, it was recognized that previousl drill holes in the vicinity had encountered significant mineralization at the contact of the overlying oxidized Gabbs Formation and the underlying Luning Formation, and this hole was extended to test this target. This drill hole (04-03) intersected 370’ of 0.314% Cu (from 25’ – 395’) including 140’ of 0.549% Cu (25’ – 1.65’.) and 35’ of 0.709% Cu (70’ – 105’).
Picture of Longshot Ridge drilling hole 04-03 and Copper Oxide Cores
Picture of Longshot Ridge
Site Picture
Site Picture – Core Drilling
PRINCIPALS:
Anthony R. Harvey, CEO, COB
Member of Advisory Board, Audit Committee and Disclosure Committee
Benjamin Ainsworth, President, Secretary, Director
Member of Disclosure Committee
Kurt Bordian, CFO, Treasurer
Member of Disclosure Committee
James Yates, Director
Over 25 years experience in mineral exploration and has served as director and officer of several public mining companies, such as ESO Uranium (TSX-V: ESO), and Nevada Geothermal power, Inc. (TSD-V: NGP).
Bryan Wilson, Director
Over 18 years varied career in fields of mining exploration and dvpmt, and 12 years in fin’l svcs.
Chris Broili, Project Mgr., NY Canyon Exploration project
Member of Disclosure Committee
HISTORICAL:
7-15-11 – Canyon Copper completes Brokered Private Placement + Final Tranche of Non-brokered Private Placement.
Also made available on Canadian News Wire.
-- Brokered PP – issued 2,164,071 units @ CDN $.035 = $757,425.
-- Non-brokered PP – issued 857,142 units @ CDN $.035 = $300,000.
-- Warrants 1,510,606 @ CDN $0.50.
-- Brokered Warrants exercise restriction on transfer 11-14-11; to 1-13-13.
-- Non-brokered Warrants exercise restriction on transfer to 11-9-11; to 1-8-13.
-- May accelerate expiry date of warrants if CNYC’s shs close at price = $0.50 for 10 consecutive days providing 30 days notice of acceleration.
-- MGI Securities commission CDN $45,445; issued non-transfer options to purchase aggregate of 129,844 units @ CDN $0.35 per unit to selling group members.
7-11-11 -- Form 4
On 7-8-11, ARH Mgmt, Ltd. (CEO Anthony R. Harvey company) acquired 857,142 common @ $0.36 = $308,571.12.
Warrants (right to buy) 428,571 common @ $0.52
5-26-11 – Statement of Changes in Beneficial Ownership of Securities
5-17-11 – 8K – Milton Datsopolous resigns as member of Board of Directors
No disagreement with company.
5-16-11 – 8K – Unregistered Sale of Equity Securities, Fin’ls., + Exhibits
Reports non-brokered foreign Private Placement of May 11, 2011.
5-14-11 – Financials – March 31, 2011
5-12-11 – News – Canyon Copper Completes First Tranche of Non-Brokered Private Placement
5-11-11 – Non-Brokered Private Placement (rpt’d. in May 16, 2011 8K)
1. Issued 3,206,602 units @ $0.35 CDN per Unit = $1,112,310.70 CDN.
2. Each unit consists of 1 sh common stock (“Share”) and ½ share non-transferable purchase Warrant (“Warrant”).
3. Each whole Warrant entitles the holder to purchase an add’l Share of the Corporation at a price of $0.50 CDN / Share until November 10, 2012.
4. Company may accelerate expiry date, the accelerated expiry date w/b 30 days after the Company sends out notice of acceleration.
5. Company did not engage in a distribution of this offering in the US.
6. Share issuance represents the first tranche of the Company’s previously announced non-brokered foreign PP offering. Proceeds of offering w/b used to fund the Company’s exploration program on the New York Canyon Project, as well as for gen’l working capital and corporate purposes.
7. Also issued 142,857 units @ $.035 CDN per Unit for total proceeds of $50,000 CDN to a director of the Company.
5-10-11 – 10Q – March 31, 3011
4-6-11 – 8K – Conditional Approval to List as Tier 1 Mining Issuer
4-4-11 – News – CNYC Announces Conditional Approval to List on TSX Venture Exchange
3-4-11 – Telecon – Rigatoni interpretation of telecom w/ CEO, Anthony Harvey
-- He was hired to come in + clean up company; he fired all previously involved; company did a reverse to clean out bad management.
-- He has 50 years in mining business.
-- He has put 19 mines into production.
-- He has put 3 oil and gas projects into production.
-- He has worked on projects in 15 countries.
-- Just based on 43-101 report, they have a big property with huge potential.
-- Conoco did the original drilling and he bought all the data.
-- He said they increased the acreage and now think, hypothetically, they have 1.5 billion lbs of Cu and that would have been proven out with additional drilling to become accurate.
-- He knows institutions who own stock, and they won’t be selling for a long time, in his opinion.
-- Expecting listing at any time in Canada, rated Tier 1 upon application. No guarantees.
-- Potential future financing done for small amount, maybe 2.5 mil. Much higher than current stock price (IMO).
2-12-11 – Financials – Q4 2011
2-9-11 – 10Q – Q4 2011
1-31-11 – 8K – Regulation FD Disclosure, Fin’l Stmts + Exhibits
1-27-11 – News – Canyon Copper Announces Private Placement + Sponsorship Engagement Letter w/ MGI Securities, Inc.
1-27-11 – News – CNYC Announces Brokered Private Placement Offering of Units
http://biz.yahoo.com/e/110131/cnyc.ob8-k.html
1-21-11 – 8K, Entry into MDA, Regulation FD Disclosure, Fin’ls.
http://biz.yahoo.com/e/110121/cnyc.ob8-k.html
1-19-11 – News – CNYC Announces Private Placement Offering of Units
http://finance.yahoo.com/news/Canyon-Copper-Corp-Announces-iw-300850032.html?
11-29-10 – 8K, Entry into MDA, Amendments to Articles
http://biz.yahoo.com/e/101129/cnyc.ob8-k.html
11-24-10 – News – CNYC Announces Effectiveness of 79-for-100 Reserve Stock Split
http://finance.yahoo.com/news/Canyon-Copper-Announces-iw-1342808054.html?x=0&.v=1
11-15-10 – News – CNYC Corporate Overview
http://finance.yahoo.com/news/Canyon-Copper-Announces-iw-1342808054.html?x=0&.v=1
11-1-10 – 10Q
http://biz.yahoo.com/e/101101/cnycd.ob10-q.html
10-28-10 – News – CNYC Announces Approval for 79-for-100 Reverse Stock Split
Reverse split done in order for its capital structure to conform to capital structure requirements of TSC Venture Exchange, decreasing authorized capital of common stock from 166,666,666 shs (par $.00001/sh) to 131,666,666 shs ($.000001/sh), and issued and O/S common stock reduced from 78,39066,666 shs ($.000001/sh), and issued and O/S common stock reduced from 78,39,307 shs to 6,928,343 shs.
http://biz.yahoo.com/e/101101/cnycd.ob10-q.html
10-13-10 – 8K, Entry into MDA, Fin’l Stmts + Exhibits
http://biz.yahoo.com/e/101101/cnycd.ob10-q.html
9-28-10 – 10K, Annual Report
http://biz.yahoo.com/e/100928/cnyc.ob10-k.html
8-25-10 – 8K, ? of CPA, Fin’ls + Exhibits
http://biz.yahoo.com/e/100825/cnyc.ob8-k.html
5-31-10 – News – CNYC Announces NI 43-101 Indicated + Inferred Resources on Longshot Ridge Copper Skarn Deposit at New York Canyon Project
http://biz.yahoo.com/e/100825/cnyc.ob8-k.html
4-6-10 – NI 43-101 Technical Report on New York Canyon Project, Nevada
http://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00027554&fileName=/csfsprod/data107/filings/01576633/00000001/v%3A%5CCanyonCopper%5CSEDAR%5C0003217_tech_May6_2010%5Cfiled%5CCanyonCopper_TechReportmay6.pdf
CAVEAT: The entirety of the above was compiled by and contains opinions of this user, and is not to be relied upon. Do your own due diligence.
CNYC summary – 8-3-11
TSX – CNC
OTC:BB – CNYC
Canyon Copper Corp (CNYC.OB)
1199 West Pender St., Suite 408
Vancouver, BC V6E 2R1
Phone: 604.331.9326 / 888.331.9326
Fax: 604.684.9365
URL: www.canyoncc.com
Email: info@canyoncc.com
IR: Robert Meister, Phone: 1.888.331.9326 x-231 / 1.604.331.9326 x-231 / info@cayoncc.com
A resource exploration company with a well-advanced copper (both Oxide and Sulphide) and Molybdenum project. The Property lies within the famous Walker Lane Structural Belt of western Nevada, in Mineral County, Nevada, near the town of Luning. Canyon Copper holds a 100% interest in over 1,300 plus mineral claims (21 patented claims and 1,332 unpatented claims) representing approximately 27,000 acres.]
Immediate Corporate Objectives:
-- Develop a bulk tonnage Copper and Molybendum property in a 5km x 3 km mineralized belt.
-- Aggressive drill program to expand current NI 43-101 resource.
-- Acquisition of neighboring properties with significant resources.
-- Aim to establish a 2 billion lb. copper / molybdenum/gold resource and become a near-term producer.
MARKET CAP ~ $20,436,240 ($.33)
SHARE STRUCTURE (8-3-11):
Authorized Shares = 74,785,143
Outstanding Shares = 68,396,934
Held by Insiders = ~ 85%
Options Outstanding = 3,548,434 $0.27
Float = 15,800,000
AWAITING:
1. Marketing campaign targeting brokerage houses in Canada.
2. 3-5 drill units on site.
3. Hiring of new geologist for site management.
4. Property reassessment of core samples for value.
5. Pre-feasibility study.
6. Feasibility study.
7. Production (not restricted by season changes).
8. US uplisting to AMEX.
9. Acquisition of neighboring properties w/ significant resources around existing site in near future.
____Location of CNYC Project Area in Nevada____________Map of CNYC Claims: 1,353 mineral claims, 27,000+ acres
Identification 3 Primary Mining Zones: 1,353 mineral claims, 27,000+ acres
1. COPPER QUEEN – on the west.
Has no exposed mineralization at surface, but contains Cu sulfide skarn at depth and an incompletely confirmed Cu-molybdenum sulphide porphyry system at greater depth.
2. CHAMPION – in the center.
Numerous widespread exposures of copper skarn mineralization, both in surface outcrop and abundant old mine workings.
Picture of Copper Queen and Champion Mineralized Zones
3. LONGSHOT RIDGE – on the east.
Numerous widespread exposures of copper skarn mineralization, both in surface outcrop and abundant old mine workings.
Majority of recent exploration efforts have been focused on extensive oxide Cu skarn mineralization at this location.
Formation: The Cu mineralization and associated alternation here at Longshot are projects of an extensive Cu-rich skarn system formed in carbonaceous sediments of the Luning, Gabbs and Sunrise Formations. Small amounts of Cu occur also in stockwork veinlets in felsic porphyry intrusive sills and dikes. The Cu mineralization consists almost entirely of secondary copper minerals, principally malachite, axurite, chrysocalla, and copper wad, in order of abundance. Additionally, some Cu-rich limonite (goethite) has been reported.
Deposit centralization: About 90% of the Longshot mineralization is within the 2 upper units of the Gabbs Formation. Drilling reveals that the strongest, thickest, and most continuous mineralization occurs in a NE-trending zone, 200’ W x 1300’ L, which is crossed by 2 NW-trending structurally-controlled high-grade zones, each about 100’ W and from 400-700’ L.
3-D Video of Cu Occurrence at Longshot Ridge – IMPRESSIVE -- http://www.canyoncc.com/s/NYCLongshot.asp?ReportID=439242
2004 Drilling Results, Longshot Ridge
-- Completed 2 diamond drill holes on Longshot: Drill hole 04-01 intersected 193’ of 0.547% Cu (from 20’ – 213’) including 50’ of 0.827% Cu (from 80’ – 130’). This hole ended in strong Cu mineralization.
-- Drill hole 04-03 was a vertical hole drilled to a depth of 43’. While drilling the hole, it was recognized that previousl drill holes in the vicinity had encountered significant mineralization at the contact of the overlying oxidized Gabbs Formation and the underlying Luning Formation, and this hole was extended to test this target. This drill hole (04-03) intersected 370’ of 0.314% Cu (from 25’ – 395’) including 140’ of 0.549% Cu (25’ – 1.65’.) and 35’ of 0.709% Cu (70’ – 105’).
Picture of Longshot Ridge drilling hole 04-03 and Copper Oxide Cores
Picture of Longshot Ridge
Site Picture
Site Picture – Core Drilling
PRINCIPALS:
Anthony R. Harvey, CEO, COB
Member of Advisory Board, Audit Committee and Disclosure Committee
Benjamin Ainsworth, President, Secretary, Director
Member of Disclosure Committee
Kurt Bordian, CFO, Treasurer
Member of Disclosure Committee
James Yates, Director
Over 25 years experience in mineral exploration and has served as director and officer of several public mining companies, such as ESO Uranium (TSX-V: ESO), and Nevada Geothermal power, Inc. (TSD-V: NGP).
Bryan Wilson, Director
Over 18 years varied career in fields of mining exploration and dvpmt, and 12 years in fin’l svcs.
Chris Broili, Project Mgr., NY Canyon Exploration project
Member of Disclosure Committee
HISTORICAL:
7-15-11 – Canyon Copper completes Brokered Private Placement + Final Tranche of Non-brokered Private Placement.
Also made available on Canadian News Wire.
-- Brokered PP – issued 2,164,071 units @ CDN $.035 = $757,425.
-- Non-brokered PP – issued 857,142 units @ CDN $.035 = $300,000.
-- Warrants 1,510,606 @ CDN $0.50.
-- Brokered Warrants exercise restriction on transfer 11-14-11; to 1-13-13.
-- Non-brokered Warrants exercise restriction on transfer to 11-9-11; to 1-8-13.
-- May accelerate expiry date of warrants if CNYC’s shs close at price = $0.50 for 10 consecutive days providing 30 days notice of acceleration.
-- MGI Securities commission CDN $45,445; issued non-transfer options to purchase aggregate of 129,844 units @ CDN $0.35 per unit to selling group members.
7-11-11 -- Form 4
On 7-8-11, ARH Mgmt, Ltd. (CEO Anthony R. Harvey company) acquired 857,142 common @ $0.36 = $308,571.12.
Warrants (right to buy) 428,571 common @ $0.52
5-26-11 – Statement of Changes in Beneficial Ownership of Securities
5-17-11 – 8K – Milton Datsopolous resigns as member of Board of Directors
No disagreement with company.
5-16-11 – 8K – Unregistered Sale of Equity Securities, Fin’ls., + Exhibits
Reports non-brokered foreign Private Placement of May 11, 2011.
5-14-11 – Financials – March 31, 2011
5-12-11 – News – Canyon Copper Completes First Tranche of Non-Brokered Private Placement
5-11-11 – Non-Brokered Private Placement (rpt’d. in May 16, 2011 8K)
1. Issued 3,206,602 units @ $0.35 CDN per Unit = $1,112,310.70 CDN.
2. Each unit consists of 1 sh common stock (“Share”) and ½ share non-transferable purchase Warrant (“Warrant”).
3. Each whole Warrant entitles the holder to purchase an add’l Share of the Corporation at a price of $0.50 CDN / Share until November 10, 2012.
4. Company may accelerate expiry date, the accelerated expiry date w/b 30 days after the Company sends out notice of acceleration.
5. Company did not engage in a distribution of this offering in the US.
6. Share issuance represents the first tranche of the Company’s previously announced non-brokered foreign PP offering. Proceeds of offering w/b used to fund the Company’s exploration program on the New York Canyon Project, as well as for gen’l working capital and corporate purposes.
7. Also issued 142,857 units @ $.035 CDN per Unit for total proceeds of $50,000 CDN to a director of the Company.
5-10-11 – 10Q – March 31, 3011
4-6-11 – 8K – Conditional Approval to List as Tier 1 Mining Issuer
4-4-11 – News – CNYC Announces Conditional Approval to List on TSX Venture Exchange
3-4-11 – Telecon – Rigatoni interpretation of telecom w/ CEO, Anthony Harvey
-- He was hired to come in + clean up company; he fired all previously involved; company did a reverse to clean out bad management.
-- He has 50 years in mining business.
-- He has put 19 mines into production.
-- He has put 3 oil and gas projects into production.
-- He has worked on projects in 15 countries.
-- Just based on 43-101 report, they have a big property with huge potential.
-- Conoco did the original drilling and he bought all the data.
-- He said they increased the acreage and now think, hypothetically, they have 1.5 billion lbs of Cu and that would have been proven out with additional drilling to become accurate.
-- He knows institutions who own stock, and they won’t be selling for a long time, in his opinion.
-- Expecting listing at any time in Canada, rated Tier 1 upon application. No guarantees.
-- Potential future financing done for small amount, maybe 2.5 mil. Much higher than current stock price (IMO).
2-12-11 – Financials – Q4 2011
2-9-11 – 10Q – Q4 2011
1-31-11 – 8K – Regulation FD Disclosure, Fin’l Stmts + Exhibits
1-27-11 – News – Canyon Copper Announces Private Placement + Sponsorship Engagement Letter w/ MGI Securities, Inc.
1-27-11 – News – CNYC Announces Brokered Private Placement Offering of Units
http://biz.yahoo.com/e/110131/cnyc.ob8-k.html
1-21-11 – 8K, Entry into MDA, Regulation FD Disclosure, Fin’ls.
http://biz.yahoo.com/e/110121/cnyc.ob8-k.html
1-19-11 – News – CNYC Announces Private Placement Offering of Units
http://finance.yahoo.com/news/Canyon-Copper-Corp-Announces-iw-300850032.html?
11-29-10 – 8K, Entry into MDA, Amendments to Articles
http://biz.yahoo.com/e/101129/cnyc.ob8-k.html
11-24-10 – News – CNYC Announces Effectiveness of 79-for-100 Reserve Stock Split
http://finance.yahoo.com/news/Canyon-Copper-Announces-iw-1342808054.html?x=0&.v=1
11-15-10 – News – CNYC Corporate Overview
http://finance.yahoo.com/news/Canyon-Copper-Announces-iw-1342808054.html?x=0&.v=1
11-1-10 – 10Q
http://biz.yahoo.com/e/101101/cnycd.ob10-q.html
10-28-10 – News – CNYC Announces Approval for 79-for-100 Reverse Stock Split
Reverse split done in order for its capital structure to conform to capital structure requirements of TSC Venture Exchange, decreasing authorized capital of common stock from 166,666,666 shs (par $.00001/sh) to 131,666,666 shs ($.000001/sh), and issued and O/S common stock reduced from 78,39066,666 shs ($.000001/sh), and issued and O/S common stock reduced from 78,39,307 shs to 6,928,343 shs.
http://biz.yahoo.com/e/101101/cnycd.ob10-q.html
10-13-10 – 8K, Entry into MDA, Fin’l Stmts + Exhibits
http://biz.yahoo.com/e/101101/cnycd.ob10-q.html
9-28-10 – 10K, Annual Report
http://biz.yahoo.com/e/100928/cnyc.ob10-k.html
8-25-10 – 8K, ? of CPA, Fin’ls + Exhibits
http://biz.yahoo.com/e/100825/cnyc.ob8-k.html
5-31-10 – News – CNYC Announces NI 43-101 Indicated + Inferred Resources on Longshot Ridge Copper Skarn Deposit at New York Canyon Project
http://biz.yahoo.com/e/100825/cnyc.ob8-k.html
4-6-10 – NI 43-101 Technical Report on New York Canyon Project, Nevada
http://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00027554&fileName=/csfsprod/data107/filings/01576633/00000001/v%3A%5CCanyonCopper%5CSEDAR%5C0003217_tech_May6_2010%5Cfiled%5CCanyonCopper_TechReportmay6.pdf
CAVEAT: The entirety of the above was compiled by and contains opinions of this user, and is not to be relied upon. Do your own due diligence.
CNYC summary – 8-3-11
TSX – CNC
OTC:BB – CNYC
Canyon Copper Corp (CNYC.OB)
1199 West Pender St., Suite 408
Vancouver, BC V6E 2R1
Phone: 604.331.9326 / 888.331.9326
Fax: 604.684.9365
URL: www.canyoncc.com
Email: info@canyoncc.com
IR: Robert Meister, Phone: 1.888.331.9326 x-231 / 1.604.331.9326 x-231 / info@cayoncc.com
A resource exploration company with a well-advanced copper (both Oxide and Sulphide) and Molybdenum project. The Property lies within the famous Walker Lane Structural Belt of western Nevada, in Mineral County, Nevada, near the town of Luning. Canyon Copper holds a 100% interest in over 1,300 plus mineral claims (21 patented claims and 1,332 unpatented claims) representing approximately 27,000 acres.]
Immediate Corporate Objectives:
-- Develop a bulk tonnage Copper and Molybendum property in a 5km x 3 km mineralized belt.
-- Aggressive drill program to expand current NI 43-101 resource.
-- Acquisition of neighboring properties with significant resources.
-- Aim to establish a 2 billion lb. copper / molybdenum/gold resource and become a near-term producer.
MARKET CAP ~ $20,436,240 ($.33)
SHARE STRUCTURE (8-3-11):
Authorized Shares = 74,785,143
Outstanding Shares = 68,396,934
Held by Insiders = ~ 85%
Options Outstanding = 3,548,434 $0.27
Float = 15,800,000
AWAITING:
1. Marketing campaign targeting brokerage houses in Canada.
2. 3-5 drill units on site.
3. Hiring of new geologist for site management.
4. Property reassessment of core samples for value.
5. Pre-feasibility study.
6. Feasibility study.
7. Production (not restricted by season changes).
8. US uplisting to AMEX.
9. Acquisition of neighboring properties w/ significant resources around existing site in near future.
____Location of CNYC Project Area in Nevada____________Map of CNYC Claims: 1,353 mineral claims, 27,000+ acres
Identification 3 Primary Mining Zones: 1,353 mineral claims, 27,000+ acres
1. COPPER QUEEN – on the west.
Has no exposed mineralization at surface, but contains Cu sulfide skarn at depth and an incompletely confirmed Cu-molybdenum sulphide porphyry system at greater depth.
2. CHAMPION – in the center.
Numerous widespread exposures of copper skarn mineralization, both in surface outcrop and abundant old mine workings.
Picture of Copper Queen and Champion Mineralized Zones
3. LONGSHOT RIDGE – on the east.
Numerous widespread exposures of copper skarn mineralization, both in surface outcrop and abundant old mine workings.
Majority of recent exploration efforts have been focused on extensive oxide Cu skarn mineralization at this location.
Formation: The Cu mineralization and associated alternation here at Longshot are projects of an extensive Cu-rich skarn system formed in carbonaceous sediments of the Luning, Gabbs and Sunrise Formations. Small amounts of Cu occur also in stockwork veinlets in felsic porphyry intrusive sills and dikes. The Cu mineralization consists almost entirely of secondary copper minerals, principally malachite, axurite, chrysocalla, and copper wad, in order of abundance. Additionally, some Cu-rich limonite (goethite) has been reported.
Deposit centralization: About 90% of the Longshot mineralization is within the 2 upper units of the Gabbs Formation. Drilling reveals that the strongest, thickest, and most continuous mineralization occurs in a NE-trending zone, 200’ W x 1300’ L, which is crossed by 2 NW-trending structurally-controlled high-grade zones, each about 100’ W and from 400-700’ L.
3-D Video of Cu Occurrence at Longshot Ridge – IMPRESSIVE -- http://www.canyoncc.com/s/NYCLongshot.asp?ReportID=439242
2004 Drilling Results, Longshot Ridge
-- Completed 2 diamond drill holes on Longshot: Drill hole 04-01 intersected 193’ of 0.547% Cu (from 20’ – 213’) including 50’ of 0.827% Cu (from 80’ – 130’). This hole ended in strong Cu mineralization.
-- Drill hole 04-03 was a vertical hole drilled to a depth of 43’. While drilling the hole, it was recognized that previousl drill holes in the vicinity had encountered significant mineralization at the contact of the overlying oxidized Gabbs Formation and the underlying Luning Formation, and this hole was extended to test this target. This drill hole (04-03) intersected 370’ of 0.314% Cu (from 25’ – 395’) including 140’ of 0.549% Cu (25’ – 1.65’.) and 35’ of 0.709% Cu (70’ – 105’).
Picture of Longshot Ridge drilling hole 04-03 and Copper Oxide Cores
Picture of Longshot Ridge
Site Picture
Site Picture – Core Drilling
PRINCIPALS:
Anthony R. Harvey, CEO, COB
Member of Advisory Board, Audit Committee and Disclosure Committee
Benjamin Ainsworth, President, Secretary, Director
Member of Disclosure Committee
Kurt Bordian, CFO, Treasurer
Member of Disclosure Committee
James Yates, Director
Over 25 years experience in mineral exploration and has served as director and officer of several public mining companies, such as ESO Uranium (TSX-V: ESO), and Nevada Geothermal power, Inc. (TSD-V: NGP).
Bryan Wilson, Director
Over 18 years varied career in fields of mining exploration and dvpmt, and 12 years in fin’l svcs.
Chris Broili, Project Mgr., NY Canyon Exploration project
Member of Disclosure Committee
HISTORICAL:
7-15-11 – Canyon Copper completes Brokered Private Placement + Final Tranche of Non-brokered Private Placement.
Also made available on Canadian News Wire.
-- Brokered PP – issued 2,164,071 units @ CDN $.035 = $757,425.
-- Non-brokered PP – issued 857,142 units @ CDN $.035 = $300,000.
-- Warrants 1,510,606 @ CDN $0.50.
-- Brokered Warrants exercise restriction on transfer 11-14-11; to 1-13-13.
-- Non-brokered Warrants exercise restriction on transfer to 11-9-11; to 1-8-13.
-- May accelerate expiry date of warrants if CNYC’s shs close at price = $0.50 for 10 consecutive days providing 30 days notice of acceleration.
-- MGI Securities commission CDN $45,445; issued non-transfer options to purchase aggregate of 129,844 units @ CDN $0.35 per unit to selling group members.
7-11-11 -- Form 4
On 7-8-11, ARH Mgmt, Ltd. (CEO Anthony R. Harvey company) acquired 857,142 common @ $0.36 = $308,571.12.
Warrants (right to buy) 428,571 common @ $0.52
5-26-11 – Statement of Changes in Beneficial Ownership of Securities
5-17-11 – 8K – Milton Datsopolous resigns as member of Board of Directors
No disagreement with company.
5-16-11 – 8K – Unregistered Sale of Equity Securities, Fin’ls., + Exhibits
Reports non-brokered foreign Private Placement of May 11, 2011.
5-14-11 – Financials – March 31, 2011
5-12-11 – News – Canyon Copper Completes First Tranche of Non-Brokered Private Placement
5-11-11 – Non-Brokered Private Placement (rpt’d. in May 16, 2011 8K)
1. Issued 3,206,602 units @ $0.35 CDN per Unit = $1,112,310.70 CDN.
2. Each unit consists of 1 sh common stock (“Share”) and ½ share non-transferable purchase Warrant (“Warrant”).
3. Each whole Warrant entitles the holder to purchase an add’l Share of the Corporation at a price of $0.50 CDN / Share until November 10, 2012.
4. Company may accelerate expiry date, the accelerated expiry date w/b 30 days after the Company sends out notice of acceleration.
5. Company did not engage in a distribution of this offering in the US.
6. Share issuance represents the first tranche of the Company’s previously announced non-brokered foreign PP offering. Proceeds of offering w/b used to fund the Company’s exploration program on the New York Canyon Project, as well as for gen’l working capital and corporate purposes.
7. Also issued 142,857 units @ $.035 CDN per Unit for total proceeds of $50,000 CDN to a director of the Company.
5-10-11 – 10Q – March 31, 3011
4-6-11 – 8K – Conditional Approval to List as Tier 1 Mining Issuer
4-4-11 – News – CNYC Announces Conditional Approval to List on TSX Venture Exchange
3-4-11 – Telecon – Rigatoni interpretation of telecom w/ CEO, Anthony Harvey
-- He was hired to come in + clean up company; he fired all previously involved; company did a reverse to clean out bad management.
-- He has 50 years in mining business.
-- He has put 19 mines into production.
-- He has put 3 oil and gas projects into production.
-- He has worked on projects in 15 countries.
-- Just based on 43-101 report, they have a big property with huge potential.
-- Conoco did the original drilling and he bought all the data.
-- He said they increased the acreage and now think, hypothetically, they have 1.5 billion lbs of Cu and that would have been proven out with additional drilling to become accurate.
-- He knows institutions who own stock, and they won’t be selling for a long time, in his opinion.
-- Expecting listing at any time in Canada, rated Tier 1 upon application. No guarantees.
-- Potential future financing done for small amount, maybe 2.5 mil. Much higher than current stock price (IMO).
2-12-11 – Financials – Q4 2011
2-9-11 – 10Q – Q4 2011
1-31-11 – 8K – Regulation FD Disclosure, Fin’l Stmts + Exhibits
1-27-11 – News – Canyon Copper Announces Private Placement + Sponsorship Engagement Letter w/ MGI Securities, Inc.
1-27-11 – News – CNYC Announces Brokered Private Placement Offering of Units
http://biz.yahoo.com/e/110131/cnyc.ob8-k.html
1-21-11 – 8K, Entry into MDA, Regulation FD Disclosure, Fin’ls.
http://biz.yahoo.com/e/110121/cnyc.ob8-k.html
1-19-11 – News – CNYC Announces Private Placement Offering of Units
http://finance.yahoo.com/news/Canyon-Copper-Corp-Announces-iw-300850032.html?
11-29-10 – 8K, Entry into MDA, Amendments to Articles
http://biz.yahoo.com/e/101129/cnyc.ob8-k.html
11-24-10 – News – CNYC Announces Effectiveness of 79-for-100 Reserve Stock Split
http://finance.yahoo.com/news/Canyon-Copper-Announces-iw-1342808054.html?x=0&.v=1
11-15-10 – News – CNYC Corporate Overview
http://finance.yahoo.com/news/Canyon-Copper-Announces-iw-1342808054.html?x=0&.v=1
11-1-10 – 10Q
http://biz.yahoo.com/e/101101/cnycd.ob10-q.html
10-28-10 – News – CNYC Announces Approval for 79-for-100 Reverse Stock Split
Reverse split done in order for its capital structure to conform to capital structure requirements of TSC Venture Exchange, decreasing authorized capital of common stock from 166,666,666 shs (par $.00001/sh) to 131,666,666 shs ($.000001/sh), and issued and O/S common stock reduced from 78,39066,666 shs ($.000001/sh), and issued and O/S common stock reduced from 78,39,307 shs to 6,928,343 shs.
http://biz.yahoo.com/e/101101/cnycd.ob10-q.html
10-13-10 – 8K, Entry into MDA, Fin’l Stmts + Exhibits
http://biz.yahoo.com/e/101101/cnycd.ob10-q.html
9-28-10 – 10K, Annual Report
http://biz.yahoo.com/e/100928/cnyc.ob10-k.html
8-25-10 – 8K, ? of CPA, Fin’ls + Exhibits
http://biz.yahoo.com/e/100825/cnyc.ob8-k.html
5-31-10 – News – CNYC Announces NI 43-101 Indicated + Inferred Resources on Longshot Ridge Copper Skarn Deposit at New York Canyon Project
http://biz.yahoo.com/e/100825/cnyc.ob8-k.html
4-6-10 – NI 43-101 Technical Report on New York Canyon Project, Nevada
http://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00027554&fileName=/csfsprod/data107/filings/01576633/00000001/v%3A%5CCanyonCopper%5CSEDAR%5C0003217_tech_May6_2010%5Cfiled%5CCanyonCopper_TechReportmay6.pdf
CAVEAT: The entirety of the above was compiled by and contains opinions of this user, and is not to be relied upon. Do your own due diligence.
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SGGV summary – 8-3-11 ($0.18)
Sterling Group Ventures, Inc. (USOTC: SGGV, FRANKFURT: GD7)
350 S. E. Marine Dr., Suite 4743
Vancouver, BC., V5X 2S5
State of Inc: NV
Phone: 604.689.4407
Fax: 604.408.8515
URL: www.sterlinggroupventures.com
Email: info@sterlinggroupventures.com
PRINCIPALS:
CEO - Raoul N. TSAKOK
Family-run private investment grp. - http://farmindcapital.com/raoul.html
DD on Tsakok investment firm - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60160522
PRESIDENT – Xuxin (Richard) SHAO
47, Ph.D., Metallurgy
DIRECTOR – Gerald William RUNOLFSON
68, P.Eng.
Also, Pres. Elkon Products, Inc., Pres. Drunker, Inc. (DKIN), Dir. Horseshoe Moning (TSX: HSX)
DIRECTOR – Robert G. SMILEY
65, Consultant, former lawyer,
Also Pres. Richco Investors, Inc., Drucker, Inc. (DKIN), Dir. Canadian Imperial Venture Corp. (CQV), Teuton Resources Corp (TUO), Silver Grail Resources (SVG).
SENIOR ENGINEER – Shi-jin QIN
Many years’ experienced working with phosphate, including:
-- 645 Brigade and 679 Brigade, Northwest Geological Bureau, the Qilianshan Brigade of Gansu Province Geological Bureau and the No. 2 Brigade of the Gansu Geological Bureau;
-- Director, Yichang District Chemical Industry Bureau of Hubeai Province mining department, a significant phosphate producer, in charge of mining construction and technical management;
-- Senior Engineer and Vice Chief Engineer, Yichang Phosphorous Chemical Industry Group, Ltd. In charge of phosphate mining, construction, and development of phosphorous chemicals;
-- Senior Engineer and resource / reserve appraiser, as well as consultant in the phosphate mining industry.;
-- participated in the R&D of a number of phosphate projects in China;
-- won many awards in his field.
MARKET CAP - $11.8 mil. ($.18/sh) (8-3-11)
SHARE STRUCTURE (8-3-11):
A/S – 500,000,000
O/S – 65,730,341
Warrants – 28,387,500
Options (O/S) – 0
Fully Diluted – 94,117,841
Float – 24,000,000
AWAITING – Gaoping Deposit:
1. New tax account number organization code and foreign exchange account.
2. PR – layout of production plan.
3. November 10, 2014 – Permit granted by government of China for Gaoping Deposit expires (permit does not need to be transferred). Note: Investment Certificate approved by government of China is for a term of 30 years (to May 2041 AD).
4. June 13, 2031 – Term of Business License reflecting JV between Silver Castle (Sterling’s Hong Kong subsidiary) and Hongyu Mining Co., Ltd. for Hongyu mine expires.
AWAITING – Shujiatai Deposit:
1. July 10, 2012 – by this date, Sterling to have completed DD on Shujiatai Phosphate Property in Shimen Co., update Chinese study reports, and, thereafter, set up JV (see 3-9-11 8K).
PICTURES OF GAOPING MINING SITE:
YouTube video, Hunan Chenzhou, China Tour
Gaoping Deposit Location Map
Drill Holes
Gaoping site
Phosphate on Gaoping site
HISTORICAL:
7-26-11 – Sterling Appoints Experienced Miner for Phosphate Development in China
Appointed Mr. Shi-jin QIN as Senior Engineer. See above for Mr. QIN’s CV.
7-11-11 – Sterling Group Ventures, Inc. Completes Acquisition of China Phosphate Company
7-11-11 – 8K -- Completion of Acquisition or Disposition of Asets, Fin’l Stmt
1. Received all required approvals from Chinese authorities for completion of its acquisition of Chenxi County Hongyu Mining Co., Ltd. (“Hongyu) per 10-18-10 Agmt.
2. Consideration: RMB 2 million Yuan were paid to Hongyu shareholders.
3. Issued 10 million common shs.
4. SGGV subsidiary, Silver Castle Investments, Ltd. Now holds 90% of Hongyu. Other 10% held by nominees of Company.
6-15-11 - Sterling Receives Business License to Operate China Phosphate Project
Huaihua City Administration Bureau for Industry and Commerce awarded amended business license to reflect JV between Silver Castle (Sterling’s Hong Kong subsidiary) and Hongyu Mining Co., Ltd. License terminates June 13, 2031.
5-31-11 Stockvest Quarterly, Summer 2011; Twittered 6-10-11
5-24-11 – Investment Certificate Granted – Gaoping Deposit, Chenxi Co.
Sterling Receives Approval to Acquire China Phosphate Company.
1. Approval of Investment Certificate; given a term of 30 years; allows for mining, processing, sale of phosphate ore and products under its mining permit.
2. Approval of Silver Castle (Sterling’s Hong Kong subsidiary), investment in the operating Chinese company, Chenxi Co. Hongyu Mining Co., Ltd (“Hongyu”). As a result, Silver Castle will control 90% of the shares of Hongyu.
3. Sterling also applied for the Amendment of the Hongyu’s business license to reflect the new JV structure, & anticipates its approval by local authorities shortly before putting the Hongyu phosphate deposit into production.
4. The company is currently reviewing other potential phosphate project acquisitions.
http://ih.advfn.com/p.php?pid=nmona&article=47805975&symbol=SGGV
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63491373
5-23-11 – Sterling Contracts StockVest
PR contract is for an initial 3 month term; various investor info svcs w/b provided.
Per Max Power’s telecom of May 25, 2011 with Stockvest, it plans to provide:
1. Trade shows taking SGGV to multiple shows all over the world, starting with an accredited investor’s conference in early June in Colorado, followed by: July NOLA FSX show, Aug. SFO The Money Show, Sept 3 shows Toronto + Vancouver World Money Shows, Oct. Chicago + Miami, then rest of year in London, HK, and other cities.
2. Video – producing video for SGGV w/ professional production values highlighting huge opportunity that exists for investors.
3. PRs – disseminate PRs out on hundreds of news wires and insure that Google and other search engines pick up on it.
4. Email blasts, Electronic IR kits, and Mailings – sending info out to opt in investors, no spamming.
5. StockVest Quarterly – prominently displayed in its newsletter,, as well as placing it on a web informational portal on their website.
http://finance.yahoo.com/q/is?s=sggv.pk
4-16-11 – Financials ending Feb. 28, 2011.
http://finance.yahoo.com/q/is?s=sggv.pk
4-13-11 – 10-Q (Quarterly Report ending May 31, 2010)
http://biz.yahoo.com/e/110413/sggv.pk10-q.html
3-16-11 – 8K and Private Placement
-- Private Placement = $2 mil. to be used toward 10-18-10 Agmt re Gaoping phosphate mine with other phosphate resources in Hunan and for working capital.
-- 20 mil units (each unit = 1 common sh + 1 non-transferrable sh purchase warrant) @ $.10 ea.
-- Each warrant exercisable for 1 yr to purch add’l common sh at $.15/sh.
-- Current Warrants O/S at various exercise prices from $.15 to $1.00 / sh, if exercised, w/ raise another $8,839,125.
-- Warrant holders already picking up their shares: also issued 801,666 common shs at $.18 / sh from exercise of warrants by holders + recv’d $144,300 cash.
-- Fully diluted upon exercise of all warrants, there w/b 93,767,841 shs of cap stock issued + O/S.
-- 752,500 finders’ units issued relating to PP.
Press Release - http://finance.yahoo.com/news/Sterling-Closes-Financing-to-iw-2029059324.html?x=0&.v=1
8K - http://biz.yahoo.com/e/110316/sggv.pk8-k.html
3-9-11 – 8K
LOI signed 11-10-10 filed in 8K. Sterling will conduct DD on Shujiatai phosphate property in Shimen Co. w/in 1 ½ yrs and update, if req’d., any Chinese study rprts for bldg mining, processing, + chem. plant. After DD complete, Sterling shall set up a JV in Shimen Co. for developing property. See 11-10-10.
http://www.sec.gov/Archives/edgar/data/1175416/000117541611000009/0001175416-11-000009-index.htm
3-9-11 – 8K
10-18-10 – Entry into MDA | Sterling signed 2 Agmts w/ Chenxi Co. Hongyu Mining Co., Ltd (“Honghyu”) + its S/Hs (“Hongyu S/Hs) re Gaoping Phosphate Mine in Tanjiaxiang, Chexing Co., Hunan Province, China. and other phosphate resources.
http://www.sec.gov/Archives/edgar/data/1175416/000117541611000008/0001175416-11-000008-index.htm
3-9-11 – Board Meeting
2-28-11 -- 10Q
http://ih.advfn.com/p.php?pid=nmona&article=47275031
2-15-11 – Pacer Search
No lawsuits found against any of the principals (corps., and Tsakok, Shao, Runolfson, and Smiley) listed in the 10-18-10 Agreement.
2-14-11 – 8K
1. Approved extension of 3,817,500 Series A Sh Purch Warrants for earlier of 1 yr from current date of expiry or to close of bus on 30th day after takeover bid for Company’s issued and O/S sh capital has been made by 3rd pty and approved by share holders.
2. BoD approved acceleration of warrants expiry date any time prior to extended expiry date of Warrants to close of bus on 30th day after day on which closing price of shs exceeds $.80 for 20 consecutive trading days.
3. Upon exercise of Series A Sh Purch Warrants at $.50 ea, holder will receive 1 Common Sh of company and a Series B Sh Purchase Warrant exercisable at $1.00 for another yr. The Series A Sh Purch Warrants were originally issued pursuant to a PP commencing in Feb. 2004.
http://biz.yahoo.com/e/110215/sggv.ob8-k.html
2-12-11 – NEWS – Micro Cap Acquires Phosphate Company in China
http://www.mineralstox.com/info/street.asp?newsid=2265
2-10-11 – NEWS – SGGV CEO Sanctioned in B.C. (in 2006), + CEO Reply
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59797515
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59797705
1-24-11 – NEWS – Sterling Arranges Funds to Develop China Phosphate Deposit
http://www.marketwire.com/press-release/Sterling-Arranges-Funds-to-Develop-China-Phosphate-Deposit-OTC-Bulletin-Board-SGGV-1384345.htm
1-11-11 – 10Q (ending Nov. 30, 2010)
http://www.otcmarkets.com/stock/SGGV/financials
1-4-11 – NEWS – US Fertiliser Prices Track Higher
http://www.farms.com/FarmsPages/Commentary/DetailedCommentary/tabid/192/Default.aspx?NewsID=37366
1-1-11 – MKT FORECAST – 2011 Sulfer Market Forecast
http://resources.alibaba.com/topic/800080870/Sulfur_Market_Forecast_2011.htm
12-26-10 – CORP. RPT. – Sterling Group Ventures, Inc. Corporate Report
http://www.sterlinggroupventures.com/Sterling_Phosphate_Report3.pdf
12-4-10 – NEWS – Roadmap – Silvercorp Well Dug In
http://www.nationalpost.com/todays-paper/Silvercorp+well/3927558/story.html
12-1-10 – NEWS – China Hikes Fertilizer Tariff to Stem Exports
http://www.chinadaily.com.cn/business/2010-12/01/content_11634781.htm
11-16-10 – 8K – Sterling Signs LOI to Develop Phosphate Deposit in China
http://www.otcmarkets.com/stock/SGGV/financials
POWERPOINT PRESENTATION – Sterling Group Ventures – Phosphate
http://www.sterlinggroupventures.com/Sterling_Phosphate_Presentation3.pdf
11-10-10 – LOI – Sterling signed LOI with Shimen Merchants Bureau
Terms: 1) Sterling to conduct DD on property w/in 1 ½ yrs and update Chinese study reports, if necessary. 2) Sterling will set up JV to develop deposit + build a mining, processing, + chemical plant.
Location: Shimen County, Hunan Province of China.
Est. value = $5.04 bil.
10-21-10 – 8K – Announce 10-18-10 Agreement
http://www.otcmarkets.com/stock/SGGV/financials
http://www.marketwire.com/press-release/Sterling-Acquires-Phosphate-Company-in-China-OTC-Bulletin-Board-SGGV-1339000.htm
10-18-10 – HONGYU AGREEMENT – GAOPING FIELD
Structure:
Sterling Group Ventures, Inc.
-> Sterling Makaelo Holdings, Inc. (100 held by Sterling)
--> Silver Castle Investments Limited (set up in HK, 80% held by Makaelo, 20% Chinese)
---> HK Invested Hongyu [Chenxi County Hongyu Mining Co., Ltd. (90% held by Silver Castle).
Terms:
1) Silver Castle will inject capital, subject to gov’t approval, to develop + put into production the Gaoping Phosphate mine, which has 58.16 mil tons of phosphate rock resource grading 19.8% P2O5 (est. value = $8.14 bil). Production costs est. $34/ton.
2) Hongyu agrees to surrender its future exclusive cooperative rights to Sterling. Honghyu S/Hs acknowledge and agree that Sterling shall set up an investment company in Hong Kong, which will initially be owned 80% Sterling, 20% Hongyu S/Hs. If Sterling does not complete taking over Hongyu thru the investment company w/in 3 months after signing the agmts, Sterling shall pay RMB 200,000 Yuan to Hongyu S/H as down pymt.
3) The Hongyu S/H shall keep the GP Property in good standing at all times during term of Agmt and shall keep Permit valid and effective, free from encumbrance or liability. Hongyu agrees to assist w/ above matters. The investment co. shall acquire 90% interest in Hongyu. The remaining 10% interest in Hongyu s/b transferred to nominees of Sterling. After this transaction, Hongyu s/ become a Hong Kong/China JV company (“HK Invested Hongyu”). Within 5 business days after approval of HK invested Hongyu by the appropriate Chinese authorities, Sterling s/ pay RMB 2 mil Yuan to the Hongyu S/Hs.
4) Sterling will ensure that the net assets value of Hongyu w/b RMB 5 mil Yuan during the acquisition.
5) The Hongyu S/Hs also agree to sell their 20% interest in the Investment Co to Sterling when requested to do so, in exchange for 10 mil common shs of Sterling’s capital stock t/b issued as consideration for such sale and shall at all times be subject to the rules + rqmts of US regulatory bodies bearing j/d.
6) The Hongyu S/Hs and Sterling agree that Sterling s/h all Hongyu’s title and interest in any phosphate properties, including, but not limited to the GP Property, and Sterling shall arrange for the financing of building a mining and processing plant on the GP property.
7) The Parties agree that the registered capital of HK Invested Hongyu s/b increased to the req’d level in order to build a mining processing plant and other facilities. Sterling s/ cause al the registered capital of HK Invested Hongyu t/b timely advanced to the accounts of Hongyu according to Chinese regulations.
8) Until such time as the acquisition is complete under the terms of the Agmt, Sterling w/b responsible for day-to-day maint ovhd costs of Hongyu, but will not be req’d to pay for any costs related to the building of a potential processing plant or other facilities. After the Agmts are signed, Hongyu s/ hand over all its documents and seals to Sterling. Sterling s/b in charge of maint of Hongyu during the period of the Agmts.
Project Plan:
http://docs.google.com/viewer?a=v&q=cache:kFLi79fXmhEJ:www.hhhbj.gov.cn/mypiczw/2007516195456787.pdf+%E8%BE%B0%E6%BA%AA%E5%8E%BF%E5%AE%8F%E5%AE%87%E7%9F%BF%E4%B8%9A&hl=en&gl=us&pid=bl&srcid=ADGEESjG6JtsNfcQkp8RLaKky4c7YVSaCu8t5xRs1oDzMsgasmu95z4cILGLZqQmF2eKJlJI1K1aG1uWC2RRgrPczPm3YYDuIIE_5W4LMJMG_BCIJW0oyFwT9E-vgRMxPSX3Mmbcjpr-&sig=AHIEtbQ42T01i8CagXNx5LX6xe8j3XhdSQ&pli=1
Project Name: Hunan Province, phosphate Tanjiaqiao field Gaoping phosphate
Location: Chenxi County Twp. High Tanjiaqiao Field Village
Constr. Content + Scale: annual output = 100K tons phosphate rock
Total Investment: 300 (million Yuan)
Owner: Chenxi County Hongyu Mining Co., Ltd.
Contact: Wu Haifeng
Phone: 13.97.308.1355
Evaluation by: Environmental Protection Science Research Institute Huaihua
Contact: Engineer Xiang
Phone: 07.45.273.0023
Facts about Chenxi County:
1. A railroad
2. 3 highways
3. River transportation (near branch of Yangtz river).
4. Also has reserves of coal, Cu, CaCO3, diamond, U.
5. Chemical plant producing phosphate fertilizer distributing to neighboring provinces.
http://baike.baidu.com/view/185444.htm, http://baike.baidu.com/view/2341720.htm
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60259931
http://baike.911cha.com/a2InNg==.html
Mining report – China does not have official report (e.g., 43-101). Quantity of phosphate does appear reasonable (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60260402).
5-31-10 – OUTLOOK RPT. – Int’l Fertilizer Indus. Assoc. Annual Conf., Paris (France)
http://www.sterlinggroupventures.com/ifa_june_2010.pdf
2010-2011 – MARKET ANALYSIS – China’s Phosphate + Compound Fertilizer Mkt Analysis + Forecast Rpt (2010-2011)
http://www.researchandmarkets.com/reportinfo.asp?report_id=1503875&tracker=related
11-10-09 – MINING PERMIT [valid to 11-10-14; does not have to be transferred]
http://webcache.googleusercontent.com/search?q=cache:-JnEaibstCAJ:www.gtzy.hunan.gov.cn/gtmh/zxfw/zwdt/jggg/index.jsp%3FpageIndex%3D53%26flowName%3D%E9%87%87%E7%9F%BF%E8%AE%B8%E5%8F%AF+c4300002009116120048322&cd=1&hl=en&ct=clnk&gl=us&lr=lang_zh-CN&source=www.google.com
-- Present Permit allows for 100,000 tons / yr.
-- Sterling plans to use open pit method + to increase production from initial 100K ton / yr to at least 400K ton / yr.
-- Hongyu paid resource fees to Chinese gov’t for 3.13 mil tons of phosphate resources for 5-year permit period only 3.13 mil tons).
-- Anyone who mines in China m/ pay resource tax + mineral resource compensation fee. The mineral resources compensation fees depend on mineral sales revenue, and are payable 2x per yr. See SGGV Post 243.
-- In Hunan province, phosphate rock hung suspended mineral resource tax levy since 10-1-2008.
China has imposed a 100-175% tariff to curtail exports.
FACTS ABOUT PHOSPHATE:
Cannot be synthesized, and is non-renewable.
Essential to process of photosynthesis.
Absorbed thru soil (est. 1.5 bil lbs of P is absorbed per year).
Several types used in fertilizer, but in North America, Ammonium Orthophosphates, such as diammonium phosphate (DAP) and monoamonium phosphate (MAP) are dominant, as they contain Nitrogen (another needed fertilizer).
CAVEAT: The entirety of the above was compiled by and contains opinions of this user, and is not to be relied upon. Do your own due diligence.
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Drop in the bucket in the grand scheme of things. I trust won't make that mistake again. :)
I believe SGGV has already evaluated StockVest's performance and is investigating other avenues at this very moment. Tsakok isn't the kind of man to waste time on nonproducing assets. Great things are coming for SGGV.
I think StockVest's last SGGV tweet was July 11th. StockVest only has about 1,000 Twitter followers.
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Thanks, Fade. I now know I've been valuing phosphate wrong and will resubmit another summary momentarily. Sorry about that.
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Thanks to Rigatoni's awesome picks, I got in this just yesterday. Think I'll hve to continue to accumulate as long as this flies under the radar.
Mike2112 -- lol, let's show StockVest how to do it!
Agreed. Tsakok is moving this along with a heavy hand. I expect major PR forthcoming not too far off in future detailing commencment of mining.
SRSR tweets:
Pennytrader: …$SRSR are included in our Top Penny Stock Gainers.
Sarissa Resources Inc. is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada. The Company is specifically focused on the development of its Nemegosenda niobium project. Sarissa Resources, Inc. (Pinksheets: SRSR.PK – News) announced that it has entered into an option and financing agreement (the "Option") with a company based in Hong Kong (referred to as "HKHE"). Under the terms of the Option, when exercised, between CDN$5,500,000 and CDN$10,000,000 will have been raised by HKHE and Sarissa will transfer the ownership of its wholly-owned subsidiary, Nio-Star Corp., to HKHE in return for approximately 65% to 75% of the capital of HKHE, depending on the amounts raised. At that time Sarissa will have the right to appoint three directors to the board of HKHE, and the finance group will have the right to appoint two.
MrBigzStockPix -- $SRSR has over $230,000 in volume so far today – news was HUGE
MrBigzStockPix - $SRSR now up 23.7%
theStockWizards – OTC Small Cap Opening Bell Stock Report … $SRSR | Undiscovered Equities
4- Sarissa Resources, Inc. (SRSR.PK) last tick .0683 up ticking 14% on intra-day volume of 1.2 million shares exchanging hands and nearly session.
In the company’s latest press release SRSR announce that it has entered into an option and financing agreement (the “Option”) with a company based in Hong Kong (referred to as “HKHE”). Under the terms of the Option, when exercised, between CDN$5,500,000 and CDN$10,000,000 will have been raised by HKHE and Sarissa will transfer the ownership of its wholly-owned subsidiary, Nio-Star Corp., to HKHE in return for approximately 65% to 75% of the capital of HKHE, depending on the amounts raised. At that time Sarissa will have the right to appoint three directors to the board of HKHE, and the finance group will have the right to appoint two.
Sarissa Resources Inc., an exploration stage company, engages in the exploration and development of mineral resource properties in Canada. The company primarily explores for niobium and tantalum prospects.
MWO_691 - $SRSR vol/creeping
MrBigzStockPix - $SRSR up 11.8%
OnlyCharts - $SRSR is trading above .06, which was some short term resistance from the past few days. This could be the start of the next leg up.
SRSR tweets:
Pennytrader: …$SRSR are included in our Top Penny Stock Gainers.
Sarissa Resources Inc. is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada. The Company is specifically focused on the development of its Nemegosenda niobium project. Sarissa Resources, Inc. (Pinksheets: SRSR.PK – News) announced that it has entered into an option and financing agreement (the "Option") with a company based in Hong Kong (referred to as "HKHE"). Under the terms of the Option, when exercised, between CDN$5,500,000 and CDN$10,000,000 will have been raised by HKHE and Sarissa will transfer the ownership of its wholly-owned subsidiary, Nio-Star Corp., to HKHE in return for approximately 65% to 75% of the capital of HKHE, depending on the amounts raised. At that time Sarissa will have the right to appoint three directors to the board of HKHE, and the finance group will have the right to appoint two.
MrBigzStockPix -- $SRSR has over $230,000 in volume so far today – news was HUGE
MrBigzStockPix - $SRSR now up 23.7%
theStockWizards – OTC Small Cap Opening Bell Stock Report … $SRSR | Undiscovered Equities
4- Sarissa Resources, Inc. (SRSR.PK) last tick .0683 up ticking 14% on intra-day volume of 1.2 million shares exchanging hands and nearly session.
In the company’s latest press release SRSR announce that it has entered into an option and financing agreement (the “Option”) with a company based in Hong Kong (referred to as “HKHE”). Under the terms of the Option, when exercised, between CDN$5,500,000 and CDN$10,000,000 will have been raised by HKHE and Sarissa will transfer the ownership of its wholly-owned subsidiary, Nio-Star Corp., to HKHE in return for approximately 65% to 75% of the capital of HKHE, depending on the amounts raised. At that time Sarissa will have the right to appoint three directors to the board of HKHE, and the finance group will have the right to appoint two.
Sarissa Resources Inc., an exploration stage company, engages in the exploration and development of mineral resource properties in Canada. The company primarily explores for niobium and tantalum prospects.
MWO_691 - $SRSR vol/creeping
MrBigzStockPix - $SRSR up 11.8%
OnlyCharts - $SRSR is trading above .06, which was some short term resistance from the past few days. This could be the start of the next leg up.
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I've been using TrackData, my orders are executed very timely, but fee is high.
Thanks, JP.
Sexy Sarissa (SRSR). I'm in. :)