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AIVN Closes on 40 Acre Mill Site in Beatty Nevada
BEATTY Nevada--(Marketwire -05/03/2012)- American International Ventures, Inc. (AIVN - News) (AIVN.QB - News) proudly announces it has closed escrow on the 40 acre patented mill site previously owned by the Turner Ranch LLC in Beatty, NV. AIVN has filed its own LLC with the State of Nevada called the “Beatty Bullfrog Mining Co” who will occupy the address in Beatty, Nevada, where AIVN will build its shop and gold mill. The amenities that came with the property are a city paved road to the site with city water, power and sewer connections. AIVN paid $310,000 in cash and stock with a three year mortgage carried by the Seller.
Ret. Major Jerry D. Scott, USAF, President of Placer Gold Prospecting, Inc. and Chief Operating Officer of AIVN, stated: “The Lord knows we looked all over town to find just the right spot with no luck, when John Lupac, an AIVN shareholder, introduced me to Stuart Turner and we knew we found the right place for the Beatty Bullfrog Mining Co.” AIVN owes a debt of gratitude to these two fine gentlemen and shareholders of our company. Notwithstanding, with John’s further assistance we will connect the mill site to the mine through the old BLM railroad roadway. Jerry left the Chicago Title office elated.
Mr. Jerry D. Scott
Jerry Scott attended 3 years of college at the University of Omaha & Mankato State Teachers college. Mr. Scott then entered the Air Force in 1958 and attained officer status by completing the cadet program. Mr. Scott flew on a Strategic Air Command crew as a Radar Navigator for 5 years in B-47s and 8 years in B-52s, which instilled in Jerry the need to be surrounded by and committed to professional and responsible individuals, all dedicated to accomplishing a common goal. Major Scott reluctantly retired as a regular Major after a tour in Vietnam with a medical disability and henceforth, entered the construction industry in 1973 and that has continued right up until today.
Mr. Scott is planning, permitting and developing the set-up and infrastructure, such as mining camps, heavy equipment service and dispatch, pilot plant operations and all the necessary mining facilities in order to operate Placer Gold Prospecting projects for extraction of gold and silver ore at its Nevada mining sites.
Mr. Scott is the President of Gold Construction, Inc., the Nevada Construction company set by Mr. Scott and his son to develop the Placer Gold Prospecting home base mining facilities in Beatty, Nevada. Mr. Scott also is Chief Operating Officer of American International Venture, Inc.
About American International Ventures, Inc.
American International Ventures, Inc. (AIVN) focus is gold and silver exploration and ore extraction, operating in Nevada through Placer Gold Prospecting, Inc., its wholly owned subsidiary. The Company focuses on gold and base mineral resource properties that have historically produced gold and silver until 1942 when all gold production in the United States was halted due to World War II. AIVN currently owns 11 mines in Nevada.
Cautionary Note Regarding Forward-Looking Statements and Information concerning mineral resources. This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of mining programs, anticipated exploration and metallurgical test program results, the discovery and delineation of mineral deposits/resources/reserves, the potential for any mining or production at Golden Eagle Mineral are to be considered forward-looking statements. Except as required by the Federal Securities law, AIVN does not undertake any obligation to revise or update any forward-looking statements contained herein after the date hereof .
AIVN Contact:
Jack Wagenti IR/Princeton Research
Chairman Michael King
Phone: 813-260-2866 Phone: 702-650-3000
E-mail: jackwagenti@aivn.co E-mail: mike@princetonresearch.com
Website: http://www.aivn.co Website: www.princetonresearch.com
AIVN Acquires 704 Acre Golden Eagle Patented Claims
&
Appoints Tucker White, President
BEATTY, NV--(Marketwire -05/02/12)- American International Ventures, Inc. (AIVN.OB - News) (AIVN.OB - News) announced today that they entered into a contract to acquire the 704 acre parcel known as the Patented Golden Eagle Placers Extension from Mr. & Mrs. Tucker White, of Yerington, Nevada for 2 Million shares of AIVN rule 144 common stock and a Note in the amount of $100,000.00. Escrow closes on June 1, 2012 or sooner.
Jack Wagenti, CEO and Chairman of AIVN stated: “this was the final step in the consolidation of past producing gold & silver mines in Nevada and completes our mining property portfolio of proven producers”. Tucker White who was instrumental in combining the lodes with the placer claims creating a 1000 acre mining project in Winnemucca, NV, stated: “I know this combination of properties and people working together are going to make Nevada mining history”. Mr. White was appointed by the AIVN board of directors as President and put in charge of the Golden Eagle Mines simultaneously with the acquisition. Mr. White will begin site preparation and camp setup on May 10, 2012. Mining operations are scheduled to begin June 1, 2012. The property included water rights.
Mr, Tucker White
Mr. Tucker White, (37) after fifteen (15) years of mining in California and then Nevada, leased the Dun Glen Mine near Winnemucca, Nevada in 2009, and during the permitting process, United Resource Holdings Group (URGH) a publicly traded company purchased the Dun Glen Mine from Mr. White in 2011, for 3.8 million common
shares of stock. After that transaction Mr. White, setup a processing mill and began extracting ore from his other claims in Nevada.
Mr. White acquired 704 acres of patented claims in 2011, which are just south of the Golden Eagle Mine. Mr. White was instrumental in AIVN’s acquisition of the Golden
Eagle when deciding he wanted to become larger than just a medium size placer operation and joined forces with American International Ventures, Inc., as President of AIVN, contemporaneously selling the 704 acres of patented claims to AIVN, in order to run the operation of the combined 1000 acres and the development of a world class gold and silver operation at the Golden Eagle Mine and placer extensions.
About American International Ventures, Inc.
American International Ventures, Inc. (AIVN) focus is gold and silver exploration and ore extraction, operating in Nevada through Placer Gold Prospecting, Inc., its wholly owned subsidiary. The Company focuses on gold and base mineral resource properties that have historically produced gold and silver until 1942 when all gold production in the United States was halted due to World War II. AIVN currently owns 11 mines in Nevada.
Cautionary Note Regarding Forward-Looking Statements and Information concerning mineral resources. This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of mining programs, anticipated exploration and metallurgical test program results, the discovery and delineation of mineral deposits/resources/reserves, the potential for any mining or production at Golden Eagle Mineral are to be considered forward-looking statements. Except as required by the Federal Securities law, AIVN does not undertake any obligation to revise or update any forward-looking statements contained herein after the date hereof .
AIVN Contact:
Jack Wagenti IR/Princeton Research
Chairman Michael King
Phone: 813-260-2866 Phone: 702-650-3000
E-mail: jackwagenti@aivn.co E-mail: mike@princetonresearch.com
Website: http://www.aivn.co Website: www.princetonresearch.com
Mr. Daniel Joonsikk Moon, Director
Mr. Moon is a graduate of Han Yang University, Seoul Korea with a degree in architectural engineering and also a graduate from South Dakota State University with a degree in Civil Engineering. From 1993 to present, Mr. Moon is President and Chief Executive Officer of LUCKY TCL, with offices in Beijing, Hong Kong and Seoul. The core business of LUCKY TCL is designing and manufacturing smelters for the mining industry with a primary focus on gold, copper and iron ores. From 1996 to present, Mr. Moon also has been President and Chief Executive Officer of FLAMBUE Ltd, a commodity trading business located in Hong Kong.
Please put a new list up of Directors, I resigned November 30, 2011.
Thaks,
Jack
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 21, 2012
AMERICAN INTERNATIONAL VENTURES, INC.
(Exact name of Registrant as specified in charter)
Delaware 000-30368 22-3489463
(State of Incorporation) (Commission File No.) (I.R.S. Employer ID Number)
6004 Tealside Court, Lithia, Florida 33547
(Address of principal executive offices) (Zip Code)
(813) 260-2866
(Registrant’s telephone number)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 17, 2012, the Board of Directors appointed Jack Wagenti as the Company’s interim Chairman, Chief Executive Officer, Chief Financial Officer and Secretary/Treasurer.
Mr. Wagenti was previously elected Chairman of the Board and Chief Executive Officer of US Precious Metals, Inc. in December 2007 and subsequently resigned in October 2008. Mr. Wagenti had been Chief Financial Officer/Secretary/Treasurer from May of 2002 until the December 2007 appointment. Mr. Wagenti was appointed again in August 2010 as Chairman of the Board, Secretary Treasurer and Chief Financial Officer of US Precious Metals, Inc. Mr. Wagenti resigned all positions in US Precious Metals, Inc. November 30, 2011. Mr. Wagenti has been Director of International Power Group since October of 2004 and resigned September 2008. From 1996 to May 2009, Mr. Wagenti has served in varying capacities of American International Ventures, Inc., a company trading on the Over the Counter Bulletin Board and Pink Sheet market. Mr. Wagenti resigned as a Director in May of 2009 as a Director of American International Ventures, Inc.
As of the date of this report the Company has no written or oral agreements with Mr. Wagenti regarding compensation or any other form of remuneration. There are no family relationships between the Directors and Officers. There have been no transactions since the beginning of our last fiscal year, or any currently proposed transactions, in which we or are to be a participant, exceeding $120,000 and in which our new officer had or will have a direct or indirect material interest There is no material plan, contract or arrangement (whether or not written) to which the above named officers are a party or in which each party participates that is entered into or a material amendment in connection with the triggering event or any grant or award to any such covered person or modification thereto, under any such plan, contract or arrangement in connection with any such event.
The above notwithstanding. Mr. Wagenti is an officer, director and principal shareholder of Placer Gold Prospecting, Inc. (“Placer”). Placer is a privately held Florida corporation with gold and silver operations and development projects in Nevada, Oregon, New Mexico, California and politically stable jurisdictions in Baja California. The Issuer and Placer have had preliminary discussions regarding a possible merger, acquisition and/or other business combination involving the two companies. There can be no assurance that such discussionswill be finalized or result in a merger, acquisition and/or other business combination.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
American International Ventures, Inc.
/s/ Jack Wagenti February 22, 2012
Jack Wagenti, Chairman Date
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 8, 2012
AMERICAN INTERNATIONAL VENTURES, INC.
(Exact name of Registrant as specified in charter)
Delaware 000-30368 22-3489463
(State of Incorporation) (Commission File No.) (I.R.S. Employer ID Number)
6004 Tealside Court, Lithia, Florida 33547
(Address of principal executive offices) (Zip Code)
Former address since last report:
4058 Histead Way, Evergreen, Colorado 80439
(813) 260-2866
(Registrant’s telephone number)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of New Director .
On February 8, 2012, Mr. Jack Wagenti was nominated to the Company’s Board of Directors by its remaining members. On February 8, 2012 Mr. Wagenti accepted the nomination. The Company has not determined whether the new director will be a member of any committee of the Board of Directors. Mr. Wagenti was previously elected Chairman of the Board and Chief Executive Officer of US Precious Metals, Inc. in December 2007 and subsequently resigned in October 2008. Mr. Wagenti had been Chief Financial Officer/Secretary/Treasurer from May of 2002 until the December 2007 appointment. Mr. Wagenti was appointed again in August 2010 as Chairman of the Board, Secretary Treasurer and Chief Financial Officer of US Precious Metals, Inc. Mr. Wagenti resigned all positions in US Precious Metals, Inc. November 30, 2011. Mr. Wagenti has been Director of International Power Group since October of 2004 and resigned September 2008. From 1996 to May 2009, Mr. Wagenti has served in varying capacities of American International Ventures, Inc., a company trading on the Over the Counter Bulletin Board and Pink Sheet market. Mr. Wagenti resigned as a Director in May of 2009 as a Director of American International Ventures, Inc.
There are no arrangements or understandings between the director and any other persons, pursuant to which such director was selected as a director. There are no transactions since May 31, 2011 nor are any transactions pending involving the Company and Mr. Wagenti (or any related parties) in amount exceeding $120,000.
Mr. Wagenti and the Company plan on acquiring precious metal properties.
Mr. Wagenti is the largest stock holder of the Company (see SC 13G filed October 17, 2011).
Resignation of Directors.
It is being determined if any compensation may be due the resigning directors and officers and will be disclosed in a subsequent filing.
Following the nomination of Mr. Wagenti on that same date Mr. Myron Goldstein resigned in all capacities from the Company (as Chairman, Principal Financial Officer and Director); Mr. Steven Davis resigned in all capacities from the Company (as President, Principal Executive Officer and Director) and Mr. Gordon Scheig, Mr. Daniel H. Luciano, Mr. James Duff and Mr. Brian Russell resigned as Directors.
Directors and officers will be appointed in the future and will be disclosed in a subsequent filing.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
American International Ventures, Inc.
/s/ Jack Wagenti February 14, 2012
Jack Wagenti, Chairman Date
Don't look at it till February 28th.
Covertable Debentures
No Stock goes straight up.
Nothing goes straight up
but it will go up because there is gold in those hills
USPR 8K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: November 29, 2011
(Date of earliest event reported)
U.S. PRECIOUS METALS, INC.
(Exact name of registrant as specified in its charter)
Delaware
000-50703
14-1839426
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer I.D. No.)
15122 Tealrise Way, Lithia, FL 33547
(Address of Principal Executive Offices)
(813) 260-1865 begin_of_the_skype_highlighting (813) 260-1865 end_of_the_skype_highlighting
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 29, 2011, Mr. Jack Wagenti resigned as the Company’s Chief Financial Officer, and the Board of Directors appointed Mr. David Cutler as the Company’s new Chief Financial Officer.
On November 30, 2011, Mr. Jack Wagenti resigned in all other capacities from the Company (as Chairman, Secretary, Treasurer and director), and Mr. Daniel H. Luciano resigned as Chief Operating Officer of the Company. The resignation of Mr. Wagenti (age 74) as a director is not as a result of any disagreement between he and the Company on matters relating to the Company’s policies, practices or procedures. Mr. Luciano remains as a director of the Company.
Immediately following such resignations, the Board of Directors appointed Mr. John Gildea, a director of the Company, as Chairman and Chief Operating Officer of the Company. Mr. Gildea was appointed to the Company’s Board of Directors on January 6, 2011.
Mr. Cutler (age 56) has more than 30 years of experience in international finance, accounting and business administration. Mr. Cutler was Chief Financial Officer and subsequently Chief Executive Officer of Multi-Link Telecommunications, Inc., a voice messaging business, from 1999 to 2005, Chief Executive Officer, Chief Financial Officer and a director of Aspeon, Inc. (nka Aspi, Inc.), a publicly listed shell company from April 2005 until October 2009, Chief Executive Officer, Chief Financial Officer and a director of Golden Dragon Holding Co. (formerly Concord Ventures, Inc.), a publicly listed shell company from March 2006 to date, Chief Executive Officer, Chief Financial Officer and a director of Atomic Paintball, Inc., a development stage owner and operator of paintball parks from August 2006 until December 2009 and was appointed as the sole director of Southwestern Water Exploration Co., a publicly listed shell company, in March 2011, the sole director of USN Corporation., a publicly listed shell company in July 2011 and sole director of Torrent Energy Corporation, a publicly listed shell company in October 2011. Atomic Paintball, Inc. filed for Chapter 7 in 2009. Mr. Cutler is also the Principal of Cutler & Co., PC, a US accounting and UK registered auditing company, and a partner of Borgers and Cutler CPAs PC, a PCAOB registered auditing company. Mr. Cutler has a Masters degree from St. Catherine College in Cambridge, England and qualified as a British Chartered Accountant and as Chartered Tax Advisor with Arthur Andersen & Co. in London. He was subsequently admitted as a Fellow of the UK Institute of Chartered Accountants. Since arriving in the United States, Mr. Cutler has qualified as a Certified Public Accountant, a Certified Valuation Analyst of the National Association of Certified Valuation Analysts and obtained an executive MBA from Colorado State University.
Mr. Cutler will act in such officer capacity on a part-time basis. The Company and Mr. Cutler have reached an oral arrangement pursuant to which Mr. Cutler will be compensated at $5,000 per month.
As of the date of this Report, except as stated herein, the Company has no written or oral agreements with the above officers regarding compensation or any other form of remuneration. There are no family relationships between the above named officers and any other officers and/or directors. Except as stated herein, there have been no transactions since the beginning of our last fiscal year, or any currently proposed transaction, in which we were or are to be a participant, exceeding $120,000 and in which our new officers had or will have a direct or indirect material interest. There is no material plan, contract or arrangement (whether or not written) to which the above named officers are a party or in which each party participates that is entered into or a material amendment in connection with the triggering event or any grant or award to any such covered person or modification thereto, under any such plan, contract or arrangement in connection with any such event.
Item 7.01 Regulation FD Disclosure .
On or about December 5, 2011, the Company issued the Press Release regarding the corporate restructuring, a copy of which is attached hereto as Exhibit 99.1
Item 9.01 Financial Statements and Exhibits .
Exhibit Number
Description
99.1
Press Release dated December 5, 2011.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
U.S. PRECIOUS METALS, INC.
By:
/s/ David Burney
Name: David Burney
Title: President
Date: December 5, 2011
Press Release, November 5, 2011
U.S. Precious Metals , Inc. Announces the Restructure of their Board of Directors
Lithia, Florida,--(Business Wire) — U.S. Precious Metals, Inc. ( OTCB:USPR) announce d today a restructure of its corporate management and Board. Mr. Jack Wagenti (age 74) resigned from all positions in the company and as a member of the board of directors. Mr. Wagenti held the positions of Chairman, CFO, Secretary, Treasurer and was a director of the Company. Mr. Jerry Pane, interim Chief Executive Officer, paid tribute to Mr. Wagenti for all his time and efforts over the last 10 years, “Jack has been involved with USPR since its inception and has contributed time and time again to moving this company in the right direction. We would like express our appreciation for all that he has done and wish him every success going forward.”
The Board of Directors ’ appointed Mr. David Cutler as the Company ’ s new Chief Financial Officer. Mr. Cutler is a CPA with a proven track record of providing both strong financial control and strategic direction to growth companies in both the public and private sectors. The addition of Mr. Cutler ’ s financial expertise to the Company ’ s management team is a vital step in USPR ’ s development. Mr. Cutler stated “I look forward to working with USPR ’ s management team to build USPR into a company that we can all be proud of and that will create exceptional value for all its stakeholders”.
The Board of Directors ’ also appointed Mr. John Gildea as Chairman of the Company replacing Mr. Wagenti. Mr. Gildea is currently an acting board member. Mr. Gildea is quoted, “I am delighted to be given this responsibility at this very exciting time in the development of USPR. I am looking forward to working with the rest of the board and management in maximizing the potential of USPR”. In addition, Mr. Gildea also takes over the roll of Chief Operating Officer from Mr. Daniel Luciano who resigned in that capacity. This move will allow Mr. Luciano more time to concentrate on his legal counsel duties going forward.
About U.S. Precious Metals, Inc. :
USPR is a precious metal exploration company headquartered in Lithia, Florida and operating in Mexico through its Mexican subsidiary, U.S. Precious Metals de Mexico, S.A. de C.V. USPR owns significant exploration and exploitation rights to approximately 37,000 acres of land in country-regioncountry-regionMichoacan, country-regionMexico. USPR ’ s common stock is quoted on the OTC Bulletin Board under the symbol “USPR.”
Statements contained herein that are not based upon current or historical fact are forward-looking statements. Such forward-looking statements relate to future events and future operating results, performance, prospects and opportunities. The use of terms such as "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to USPR, or its management, identify forward-looking statements. These forward-looking statements are based on information currently available to USPR and USPR's current plans, intentions and expectations and include statements regarding the potential of the Mexican concessions . Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause USPR's actual results, performance, prospects and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, our ability to raise the funding necessary to retain the professionals necessary to execute our plan and the other factors, including risk factors, discussed in ours Annual Report on Form 10-K for the fiscal year ended May 31, 2010, filed with the U.S. Securities and Exchange Commission on September 14, 2010 as well as the quarterly 10-Q Reports filed during the last three quarters of fiscal year 2010. Except as required by the Federal securities law, USPR does not undertake any obligation to revise or update any forward-looking statements contained herein after the date hereof
SOURCE: U.S. Precious Metals, Inc.
CONTACT:
U.S. Precious Metals, Inc.
John Gildea, Chairman of the Board
(813) 260-1865 begin_of_the_skype_highlighting (813) 260-1865 end_of_the_skype_highlighting
http://www.usprgold.com
[/FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Pane Jerry 2. Issuer Name and Ticker or Trading Symbol
U S PRECIOUS METALS INC [ USPR ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
42 CORNWALLIS CT 3. Date of Earliest Transaction (MM/DD/YYYY)
10/4/2011
(Street)
MANALAPAN, NJ 07726
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
common stock 10/4/2011 P 500000 A $0.10 2279750 D
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
warrants $0.25 10/4/2011 P 250000 10/4/2011 4/1/2012 common stock 250000 $0.25 250000 D
Explanation of Responses:
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Pane Jerry
42 CORNWALLIS CT
MANALAPAN, NJ 07726 X
CEO
Signatures
Jerry Pane 10/5/2011
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
b]
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: September 20, 2011
(Date of earliest event reported)
U.S. PRECIOUS METALS, INC.
(Exact name of registrant as specified in its charter)
Delaware
000-50703
14-1839426
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer I.D. No.)
15122 Tealrise Way, Lithia, FL 33547
(Address of Principal Executive Offices)
(813) 260-1865
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Officers.
On October 3, 2011, the Board of Directors appointed Gennaro (Jerry) Pane as the Company’s interim Chief Executive Officer. Mr. Pane also remains a member of the Company’s Board of Directors.
As consideration for his services in such capacity, the Board of Directors granted Mr. Pane 500,000 options to purchase at $0.20 per share the Company’s common stock.
On September 20, 2011, the Board of Directors appointed Mr. Daniel H. Luciano as the Company’s Chief Operating Officer, replacing Mr. Sheldon Baer. Both Mr. Baer and Mr. Luciano will continue to serve as a member of the Company’s Board of Directors.
As of the date of this Report, except as stated herein, the Company has no written or oral agreements with any of the above officers regarding compensation or any other form of remuneration. Any compensation paid to an officer is a result of an agreement between the parties. There are no family relationships between the above named officers and any other officers and/or directors. Except as stated herein, there have been no transactions since the beginning of our last fiscal year, or any currently proposed transaction, in which we were or are to be a participant, exceeding $120,000 and in which our new officer had or will have a direct or indirect material interest. There is no material plan, contract or arrangement (whether or not written) to which the above named officers are a party or in which each party participates that is entered into or a material amendment in connection with the triggering event or any grant or award to any such covered person or modification thereto, under any such plan, contract or arrangement in connection with any such event.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
U.S. PRECIOUS METALS, INC.
By:
/s/ Jack Wagenti
Name: Jack Wagenti
Title: Chairman of the Board
Date: October 5, 2011
Sept. 15, 2011 14:57 UTC
U.S. Precious Metals, Inc. Announces Site Visit of Solidaridad Property
LITHIA, Fla.--(BUSINESS WIRE)-- U.S. Precious Metals, Inc. (OTCBB: USPR.OB), announces its management team through its investment banking firm DME Securities LLC, has arranged for an onsite visit to its Solidaridad property located in Michoacan Mexico with an international mining company. Dave Burney, President of U.S. Precious Metals, Inc., stated, “The site visit is intended to provide an initial introduction to the Company’s property, We are scheduling a review of our geological data, including mineralized core intercepts and mineralized material samples, at our lab/warehouse facility, as well as collection of on-site samples from our known mineralized zones.”
The Company is currently exploring its options with respect to its property, which may include the potential sale or joint venture of the property. The Company cannot predict whether a transaction will result from the visit.
About US Precious Metals, Inc.
USPR is a precious metal exploration company headquartered in Lithia, Florida and operates in Mexico through its Mexican subsidiary, U.S. Precious Metals de Mexico, S.A. de C.V. USPR owns significant exploration and exploitation rights to approximately 37,300 acres of land in the State Michoacan, Mexico. USPR's common stock is quoted on the OTC Bulletin Board under the symbol "USPR."
For more Information about U.S. Precious Metals, Inc. please visit: www.USPRGOLD.com.
Safe Harbor Statement
Statements contained herein that are not based upon current or historical fact are forward-looking statements. Such forward-looking statements relate to future events and future operating results, performance, prospects and opportunities. The use of terms such as "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to USPR, or its management, identify forward-looking statements. These forward-looking statements are based on information currently available to USPR and USPR's current plans, intentions and expectations and include statements regarding the potential of the Mexican concessions. Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause USPR's actual results, performance, prospects and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, our ability to raise the funding necessary to retain the professionals necessary to execute our plan and the other factors, including risk factors, discussed in ours Annual Report on Form 10-K . Except as required by the Federal securities law, USPR does not undertake any obligation to revise or update any forward-looking statements contained herein after the date hereof.
Contacts
Barwicki Investor Relations
Andrew Barwicki, 516-662-9461
Andrew@barwicki.com
or
USPR
Jack Wagenti, 813-260-1865
Chairman
jackwagenti@usprgold.com
U.S. Precious Metals Inc. Announces 10%+ Shareholder
Lithia, Florida, September 12, 2011 (Business Wire)--U.S. Precious Metals, Inc. (OTCBB: USPR.OB), announced today Section 16 of the 1934 Act requires holders of more than 10% of any class of the company’s equity securities to file the following reports:
• Form 3. The initial filing is on Form 3. It must be filed within ten days of becoming a 10%+ beneficial owner.
• Form 4. Changes in ownership are reported on Form 4 and must be reported to the SEC within two business days.
• Form 5. Form 5 is filed to report any transactions that would have been reported earlier on a Form 4 or were eligible for deferred reporting. It is due within 45 days after the end of the company’s fiscal year.
Section 16(b) of the 1934 Act provides that a greater-than-10-percent shareholder of an issuer engages in a purchase and sale of equity securities of such issuer within a period of less than six months, then any profit realized by the insider as a result of the two transactions (i.e. as a result of the “short-swing trade”) must be disgorged to the issuer upon demand by the issuer or by any security holder of the issuer. The amount of the profit is calculated by multiplying the difference between the sale and purchase prices by the number of shares sold. The recovering of short-swing profits is not something that the SEC seeks on behalf of shareholders, but rather class action law firms monitor trading by groups and 10% shareholders through the Forms 4 and 5 filings, they then file lawsuits to recover on behalf of the issuer, and take a substantial portion of the recovery in legal fees. The SEC is aware of these cases and will often review such cases to determine if there has been any misuse of material, non-public information, in which case the SEC would be the entity to bring the action against a corporate insider.
Warrants and other “derivative securities” are generally considered equity securities of the issuer and their purchase and sale is subject to Section 16.
Diane Spano of Freehold, New Jersey is a 10%+ holder of equity of U.S. Precious Metals, Inc. and his Form 3 can be seen on U.S. Precious Metals, Inc., SEC Edgar filings.
About U.S. Precious Metals, Inc.:
USPR is a precious metal exploration company headquartered in Lithia, Florida and operating in Mexico through its Mexican subsidiary, U.S. Precious Metals de Mexico, S.A. de C.V. USPR owns significant exploration and exploitation rights to approximately 37,300 acres of land in Michoacán, Mexico. USPR’s common stock is quoted on the OTC Bulletin Board under the symbol “USPR.”
SOURCE: U.S. Precious Metals, Inc.
CONTACT:
U.S. Precious Metals, Inc.
Jack Wagenti, Chairman of the Board
(813) 260-1865
www.usprgold.com
ipwginvestor and itsallinthemix please read twice.
One of the best ways to lose DTC eligibility is to register stock in any other form than an S-1. Many Pink Sheet and OTCBB companies are still doing things like 504s which is severely frowned upon by the DTC.
U.S. Precious Metals Inc. Engages New York Based Investment Bankers DME Securities
Lithia, Florida, August 1, 2011 (Business Wire)--U.S. Precious Metals, Inc. (OTCBB: USPR.OB), announced that it has retained the investment banking firm DME Securities LLC (“DME”) a New York based investment bank and broker dealer, to provide a broad range of investment banking, strategic and financial advisory services.
Dave Burney, President of U.S. Precious Metals, Inc., stated, "The engagement of DME represents an important step in the continued execution of our business initiatives going forward. We are pleased to have partnered with DME and are confident in their ability to assist us in executing on strategic alternatives designed to help us maximize our Company's potential value.”
“Over the past 2 years we have conducted additional drilling on the La Sabila property (Solidaridad 1), and have announced the drilling assay results, and more recently we have had an independent 43-101 report completed, all of which we believe shows significant value in the property. As we consider all of our options, it is clear that we will need an investment bank with the expertise and experience to support our ongoing strategic needs. We are pleased that DME has joined us as a partner to assist us in achieving our goals. We believe the La Sabila property is ready to enter the next stage of its development. By hiring DME, we can explore the various options to move forward,” commented Shelly Baer, Chief Operating Officer of U.S. Precious Metals.
"We are very excited to have the opportunity to work with U.S. Precious Metals management and Board of Directors to provide strategy advice and financial advisory services as they move forward with the development of the La Sabila property. My team and I have conducted the initial stages of due diligence on the La Sabila property and we feel very confident that the opportunities, including but not limited to a possible joint venture and/or sale of a portion or the entire property can be attained in a relatively short period of time," said David Elias, CEO of DME Securities.
About DME Securities LLC
DME Securities is a member firm of the NYSE, FINRA and a licensed broker-dealer. DME provides publicly trading companies with a full suite of investment banking services, including capital raises and mergers and acquisitions. DME Securities operates a full trading and brokerage operation on the floor of the New York Stock Exchange. Clients include some of the largest hedge funds, investment banks, pension and retirement funds and brokerage firms in the world.
About U.S. Precious Metals Inc.USPR is a precious metal exploration company headquartered in Lithia, Florida and operating in Mexico through its Mexican subsidiary, U.S. Precious Metals de Mexico, S.A. de C.V. USPR owns significant exploration and exploitation rights to approximately 37,300 acres of land in the State Michoacan, Mexico. USPR's common stock is quoted on the OTC Bulletin Board under the symbol "USPR." For more
Information about U.S. Precious Metals, Inc. please visit: www.USPRGOLD.com.
The 43-101 report is available online at: http://www.usprgold.com/pdfs/2011_05_17_43-101Final.pdf or contact Andrew Barwicki at 516-662-9461 / andrew@barwicki.com.
Safe Harbor Statement
Statements contained herein that are not based upon current or historical fact are forward-looking statements. Such forward-looking statements relate to future events and future operating results, performance, prospects and opportunities. The use of terms such as "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to USPR, or its management, identify forward-looking statements. These forward-looking statements are based on information currently available to USPR and USPR's current plans, intentions and expectations and include statements regarding the potential of the Mexican concessions. Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause USPR's actual results, performance, prospects and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, our ability to raise the funding necessary to retain the professionals necessary to execute our plan and the other factors, including risk factors, discussed in ours Annual Report on Form 10-K . Except as required by the Federal securities law, USPR does not undertake any obligation to revise or update any forward-looking statements contained herein after the date hereof.
Contact
U.S. Precious Metals, Inc Investor Relation Relations
Jack Wagenti Andrew Barwicki
(813) 260-18675 516-662-9461
Could it be the preferred shares that were created without a shareholder meeting?
You don't understand what babs2 is referring to.
The fat lady has sung? an Yogi said it ain't over till it's over. It's over!
PS Did IPWG get the money?
The fat lady has sung? an Yogi said it ain't over till it's over. It's over!
PS Did IPWG get the money?
Would you please explain how that is possible that IPWG earned between $12 and $35 million?
Key developments for Green Energy Eastern Europe Group, s.p.a. z.o.o
International Power Group Forms Poland Joint Venture Corporation
12/28/2009
International Power Group Ltd. has completed the formation of its joint venture Corp., Green Energy Eastern Europe Group, s.p.a. z.o.o. (GEEEG). IPWG's Waste to Energy plant, just outside of Radom, in Koryciska, Poland, will be managed and operated through GEEEG. In addition, in accordance with the Memorandum of Undertaking and Term Sheet entered into on September 25, 2009, and mandates from IPWG's financial partners, IPWG has successfully finalized the documentation the company believe to be necessary to close on the construction credit facility for the Poland Waste to Energy Power Plant.
Key Executives
Green Energy Eastern Europe Group, s.p.a. z.o.o does not have any Key Executives recorded.
SnapshotPeople
Company Overview
Green Energy Eastern Europe Group, s.p.a. z.o.o manages and operates waste that is provided to energy plant. The company was founded in 2009 and is based in Poland. Green Energy Eastern Europe Group, s.p.a. z.o.o operates as a subsidiary of International Power Group Ltd.
CCCCCCCCCCCCCCCCCCCCCCCCC
I don't discuss IPWG with Gildea or Baer.
As far as I know those two are still on IPWG board and Jerry Pane resigned.
I asked and didn't receive a reply>
JULY 2010
However, it is fairly questionable if all WTE projects will succeed as the state of the prepared documentation for many of them clearly shows they wont be able to reach the end date of documentation submission (July 2010) for EU co-funding. From the 12 planned plants only one has reached the state of a fully prepared documentation (with the needed environmental and other permits), one has so far received only the environmental permit while five other projects are still in the process of obtaining it in the beginning of 2010. Furthermore, project documentation for one plant is still being prepared and for four projects the preparation of the documentation has just or not even started yet.
Poland’s race to prepare projects for 12 new waste-to-energy plants
The 1,5 billion € worth investment is facing lower subsidies if not prepared by July this year. At the same time Poland dreads possible fines up to 200.000 €/day if by the beginning of the next year the country does not implement lower landfilling rates defined by the revised Framework waste directive.
Poland is the last phase of preparing the project documentation on 12 waste incineration plants that are to be built until 2013. Poland’s government set the end of June this year as the final date for the documentation to be handed in, in order to forward the projects as soon as possible to the European Commission for the potential funding of the projects. Any delays in the preparation of the projects would endanger a successful and for the projects crucial financing through EU funds, since the end of the investments for the projects is set to be January 2016.
The 12 waste to energy incineration plants will have the capacity to burn 2,415 million tons of waste annually to produce electricity and heat. Eleven plants are to be located in big cities and all of the facilities are to be connected to the heat and electricity network from the beginning on, except the plant in Krakow, which is planned as a green-field investment. The investment for all WtE plants should cost almost 1,5 billion €, from which the Poland’s government expects the EU funds to co-finance at least 61 % of the investment, but is hoping for more (80-85 %).
The planned WtE plants for Poland are the following:
1. Lódz: 250.000 t/a, cost 162,5 million €, expected EU co-funding 89 million €.POland waste incineration plants
2. Krakow: 250.000 t/a, cost 173 million €, expected EU co-funding 95 million €.
3. Warsaw: 265.000 t/a, cost 131 million €, expected EU co-funding 72 million €.
4. Bialystok: 100.000 t/a, cost 102 million €, expected EU co-funding 75 million €.
5. Gdansk: 250.000 t/a, cost 133 million €, expected EU co-funding 73 million €.
6. Upper Silesian Metropolitan Union: 2 x 250.000 t/a, cost 266 million €, expected EU co-funding 146 million €.
7. Poznan: 200.000 t/a, cost 158 million €, expected EU co-funding 87 million €.
8. Szczecin: 180.000 t/a, cost 74 million €, expected EU co-funding 63 million €.
9. Municipalities of Bydgoszcz and Torun: 180.000 t/a, cost 98 million, expected EU co-funding 84 million €.
10. Olsztyn: 120.000 t/a, cost 127 million €, expected EU co-funding 75 million €.
11. Koszalin: 120.000 t/a, cost 69 million €, expected EU co-funding 52 million €.
Graphic: The planned waste-to-energy incineration plants in Poland are marked with a red X sign.
The plants are part of the II. National Waste Management Plan of Poland set within the Operational Program for the Infrastructure and the environment 2007-2013, which has the aim to bring Poland on the same waste management level as near-lying EU countries in Western Europe. The reformation of waste management in Poland is urgent since the country may pay heaps of money if it does not does not curb the amount of waste disposed on landfills by one-fourth by end of 2010. With the revised EU waste Framework Directive 2008/98/EC coming into force – only 75 % of paper, organic-food waste and plant-tissue leftovers are allowed to be landfilled. Poland that landfills about 90 % of the 10 million tons of municipal solids waste produced annually, and incinerates only 0.4 % (about 40.000 t/a at the waste-to-energy incinerator ZUSOK in Warsaw) is facing the possibility of having to pay a fine up to 200.000 €/day if it does not fulfill the EU demands.
However, it is fairly questionable if all WtE projects will succeed as the state of the prepared documentation for many of them clearly shows they wont be able to reach the end date of documentation submission (July 2010) for EU co-funding. From the 12 planned plants only one has reached the state of a fully prepared documentation (with the needed environmental and other permits), one has so far received only the environmental permit while five other projects are still in the process of obtaining it in the beginning of 2010. Furthermore, project documentation for one plant is still being prepared and for four projects the preparation of the documentation has just or not even started yet.
Source: Prof. Dr. Eur. Ing. Tadeussz Pajak on VIVIS Conference, Berlin 2010
8K Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: May 24, 2011
(Date of earliest event reported)
U.S. PRECIOUS METALS, INC.
(Exact name of registrant as specified in its charter)
Delaware 000-50703 14-1839426
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer I.D. No.)
15122 Tealrise Way, Lithia, FL 33547
(Address of Principal Executive Offices)
(813) 260-1865
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On May 24, 2011 the Company settled its pending litigation against Duane Morris, LLP and Keli Isaacson Whitlock pursuant to a settlement agreement and an amendment to the Payment Agreement previously executed by the parties. The Company has withdrawn its claim against Duane Morris LLP and Keli Isaacson Whitlock. Duane Morris LLP has agreed to withdraw its claims against USPR on USPR’s agreement to pay legal fees in the amount of $1,614,216.00 according to a payment schedule agreed to by the parties. The payment schedule provides for the following payments:
1. Except as provided in paragraphs 2 and 3 below, four equal installments, with the first installment payment made no later than one year from May 24, 2011 and the remaining installment payments made every 90 days after payment of the previous installment payment, and
2. In the event the Company receives debt or equity investments of at least $5 million but less than $10 million in the aggregate in any three-month period, the next installment payment shall become due and payable on the last day of the calendar quarter in which that aggregate investment is received. Any remaining balance of the amount then due will be paid in six equal installments made every 90 days thereafter.
3. In the event the Company receives debt or equity investments of $10 million or greater in the aggregate in any three-month period, any remaining balance of the amount then due shall be due and payable in full on the last day of the calendar quarter in which that aggregate investment was received.
In addition, certain other events of default will trigger an accelerated payment. Except as generally stated herein, all other terms and conditions of the pre-existing agreements between the parties remain in place. These agreements consist of the Pledge Agreement and Payment Agreement.
Separately, on that same date, the Company and Jack Kugler settled its claims with each other wherein each party dismissed its claims against the other.
This Current Report on Form 8-K may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements with respect to the Company’s plans, objectives, expectations and intentions; and (ii) other statements identified by words such as “may”, “could”, “would”, “should”, “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans” or similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company’s control), including, without limitation, the Company’s ability to increase prices and revenue and continue to obtain contract renewals and extensions.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
U.S. PRECIOUS METALS, INC.
By: /s/ Jack Wagenti
Name: Jack Wagenti
Title: Chairman of the Board
Date: May 26, 2011
Email me and I will give you my opinion.
jwage2@yahoo.com
You have to fax in the other Directors if you want them listed.
Ask IPWGINVESTOR and Installamix
Who was your reliable info?
The only illegal act was the May 2009 preferred shares without a shareholder meeting. By the way I am out of there since 2008.
No one wants this to succeed more then me.
I have many friends and relatives in this.
Peter and I should have been billionaires with this company, but ego and control was more important.
It showed up because you asked where is the $35 million?
I was never COO and I am out of there over three years.
PS I have over a 100 million shares of toilet paper just like you.
Translation
American society quoted in bag, that operates in the planning and energy production of stations of accomplishment from urban and industrial litter. Official of an international patent that it world Leader for l places it like' bringing low of the Emissions polluting already protocollata to the parameters of KYOTO 2020.