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Hi SP, I will buy more when something is REAL They need MONEY from a strategic partner T though.
Hi Spartex , any hope here for an actual company or mine ??
where is everybody ?? Whats up ?
BOT another 116,000 shares the day of the PR !
The MP should have been a watershed moment ,Very disappointed in the volume etc.. I would like to see a copy of the (NEXT-Toronto) 'Arrête d'Octroi' (Decision of Grant) decree from Mada Government that allows the MP to go forward.
Spartex since you are "close "to Management , please ask NEXT for that document.Its a Public Document , so, it should be easy for NEXT to produce it.
Then please Post it .
No one has given NSRCF any money for anything in terms of Revenew !!!! Whats the penalty if the company reneges on the OT agreement ??? Nothing !!!!!!!!!!
So, they signed an OT agreement and didn't get any earnest money for the contract MORE BS !!!!!!! No body signs a contract and dosent get a deposit or pay some thing for the contract !
Did NSRCF pay them for the contract ???? MORE SMOKE and MIRRORS and phony agreements IMO. 15 years and over $100 million bucks no mine , no revenue , no product !!!!!!!!!! NADA !!!!!!!!!!! But BIG Salaries for management and "ZERO " for shareholders , but loses !!!!!!!!!!!!!!!!!!!!
Did NSRCF get any revenue for the OT agreement ??
Sent to me by a long term shareholder !!!
Dear XXXXXXXXXXXX
I also read it and saw the movement in volume and a slight increase in price.
An increase that lasted 2 days and moved 1cent.
With this type of news it would have been expected for the price and volume to move dramatically, but my opinion is that the company is no longer believed by any investor to ‘hear the good news’ and decides to take a risk.
After we have been for so many years into the company, we know that every 12 to 18 month they throw a bone to the world with some type of news creating this short term interest.
Once again we are where we began.
I am guessing that there are no good reliable news that ‘really’ move the numbers and projections of this investors to take a risk.
I know combined we three we have lost tons of well earned money, but honestly I am finally at the process of no interest in them.
I sold 30k shares when it hit 8.5 cents and cashed in 2 grand
Sad…
Very sad…
Have they done the reverse yet ???
Do they Have a permit yet ???
Philips' first Roku TV is now available for $349 @ Sams Club !!
As filed with the Securities and Exchange Commission on October 4, 2017
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
NextSource Materials Inc.
(Exact name of registrant as specified in its charter)
Minnesota
(State or other jurisdiction of incorporation or organization)
20-0803515
(I.R.S. Employer Identification No.)
1001–145 Wellington Street West, Toronto, Ontario M5J 1H8
(Address of Principal Executive Offices) (Zip Code)
Stock Option Plan of NextSource Materials Inc.
(Full title of the plan)
Craig Scherba
Chief Executive Officer
1005?145 Wellington Street West
Toronto, Ontario, Canada M5J 1H8
(Name and address of agent for service)
(416) 364-4911
(Telephone number, including area code, of agent for service)
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of ?large accelerated filer,? ?accelerated filer? and ?smaller reporting company? in Rule 12b-2 of the Exchange Act.
Large accelerated filer ? Accelerated filer ?
Non-accelerated filer ? Smaller reporting company ?
(Do not check if a smaller reporting company) Emerging Growth Company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
CALCULATION OF REGISTRATION FEE
Title of securities to be registered (1)
Amount to
be registered
Proposed maximum offering price per share
Proposed maximum aggregate offering price
Amount of
registration fee
Common shares reserved for issuance pursuant to Company’s Stock Option Plan 46,000,000 $0.064 (2) $2,944,000. (2) $366.53
(1) Common shares, $0.001 par value per share, offered by the Registrant pursuant to the Company’s Stock Option Plan of the Registrant (the “Plan”).
(2) Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) and (h) under the Securities Act of 1933, as amended, based on the average of the bid and asked price of the Registrant’s common shares reported on the OTC Markets, Inc. on October 2, 2017, which was $0.0624 per share.
INTRODUCTORY STATEMENT
This registration statement on Form S-8 registers 46,000,000 common shares of NextSource Materials Inc. (the “Registrant”) that may be issued pursuant to the exercise of stock options granted under the Company’s Stock Option Plan of the Registrant (previously the Amended and Restated 2006 Stock Option Plan)(the “Plan”).
Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the “Securities Act of 1933”), this registration statement also covers any additional securities that may be offered or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions.
PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents, which have been filed with the United States Securities and Exchange Commission (the “Commission”), are incorporated herein by reference:
(a) The Registrant’s annual report for the fiscal year ended June 30, 2017, filed with the Commission on September 28, 2017, pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act of 1934”).
(b) All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act of 1934 since the end of the fiscal year covered by the Registrant’s annual report incorporated by reference herein pursuant to (a) above.
(c) The description of the Registrant’s common shares contained in the Registrant’s registration statement on Form 8-A, filed with the Commission on February 8, 2005 under Section 12 of the Exchange Act of 1934, including any amendment or report filed for the purpose of updating such description.
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act of 1934, prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be a part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this registration statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.
Item 4. Description of Securities.
Not Applicable.
Item 5. Interests of Named Experts and Counsel.
The legality of the shares of common stock registered under the prior Registration Statement on Form S-8 were passed on for the small business issuer by Jill Arlene Robbins, P.A., one of the small business issuer's outside legal counsel. Jill Arlene Robbins holds 100,000 shares of common stock.
Item 6. Indemnification of Directors and Officers.
The Registrant is subject to the Minnesota Business Corporation Act (the “MBCA”). Section 302A.521 of the MBCA provides in substance that, unless prohibited by its articles of incorporation or bylaws, a corporation must indemnify an officer or director who is made or threatened to be made a party to a proceeding by reason of the former or present official capacity of the person against judgments, penalties, fines, including, without limitation, excise taxes assessed against the person with respect to an employee benefit plan, settlements and reasonable expenses, including attorneys’ fees and disbursements, incurred by such person in connection with the proceeding, if certain criteria are met. These criteria, all of which must be met by the person seeking indemnification, are (a) that such person has not been indemnified by another organization or employee benefit plan for the same judgments, penalties, fines, including, without limitation, excise taxes assessed against the person with respect to an employee benefit plan, settlements, and reasonable expenses, including attorneys’ fees and disbursements, incurred by the person in connection with the proceeding with respect to the same act or omissions; (b) that such person acted in good faith; (c) that such person received no improper personal benefit and, if applicable, has satisfied certain conflicts of interest provisions under the MBCA; (d) that in the case of a criminal proceeding, such person had no reasonable cause to believe the conduct was unlawful; and (e) that such person reasonably believed the conduct was in the best interests of the corporation or, in certain limited circumstances, not opposed to the best interests of the corporation. Section 302A.521 of the MBCA further provides that a director or officer is entitled to payment or reimbursement by a corporation of reasonable expenses, including attorneys’ fees and disbursements, incurred by such officer or director in advance of the final disposition of a proceeding if certain conditions are satisfied. Under Section 302A.521 of the MBCA, a decision as to required indemnification or advances of expenses is made by a majority of the disinterested board of directors present at a meeting at which a disinterested quorum is present, or by a designated committee of disinterested directors, by special legal counsel, by the disinterested shareholders, or by a court.
The Registrant’s articles of incorporation provide that a director of the Registrant shall not be personally liable to the Registrant or its shareholders for monetary damages for breach of fiduciary duty as a director, to the fullest extent permitted by the MBCA. The Registrant’s bylaws provide that the Registrant shall indemnify its officers and directors for such expenses and liabilities, in such manner, under such circumstances and to the fullest extent permitted by the MBCA.
Item 7. Exemption from Registration Claimed.
Not Applicable.
Item 8. Exhibits.
Exhibit Number Exhibit
4.1 Stock Option Plan of NextSource Materials Inc.
5.1 Opinion of Jill Arlene Robbins, P.A.
23.1 Consent of MNP LLP, Chartered Accountants
23.2 Consent of Erudite Strategies (Pty) Ltd.
23.3 Consent of Jill Arlene Robbins, P.A (contained in its opinion filed as Exhibit 5.1 to this registration statement).
Item 9. Undertakings.
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933.
(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement.
(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.
Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant’s annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
Signatures
The Registrant . Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toronto, Province of Ontario, on October 4, 2017.
NEXTSOURCE MATERIALS Inc.
By: /s/ Craig Scherba
Craig Scherba
Chief Executive Officer
By: /s/ Marc Johnson
Marc Johnson
Chief Financial Officer
SIGNATURES OF OFFICERS
Another 46 million shares for insiders !!!!!!
Just a heads up!
Bud , GILD goes Ex.Div on 9/14 paying $.52 a share.
Bud, I bought some GILD yesterday.
Bud, The Rico Statute is for "The Mob "!
chris If someone in the past was "cooking the Books " they will go to prison .... and the "Law suite will be won " OUCH !
Federally
New LaW Suite
More whining by fund managers!
https://seekingalpha.com/news/3291809-institutional-investor-lord-abbett-sues-valeant-fraud-claims-80b-losses
I'm out ! OUCH !!
New Jerseys Rico Statute.
Nice try , but it doesn't apply to VRX
https://www.natlawreview.com/article/predicate-acts-new-jersey-rico-statute
River: 2qtr filings ??????????
Back in !!
I am Viet Nam Vet and a Member of the American Legion. Every Man in my Family fought in WW 11 against the Nazis and my wife's mother was a Navy Officer ( Wave )also.
, No one I know is Happy with Trumps performance, all are angry, etc.
I call him "President Pinocchio and the One Flew Over the Cuckoo's Nest Staff !!"
I was hoping he was going to be the Greatest President Ever !
I Pray for OUR Country !!
:) They hurt so many people with their words !!!!
Is that true ???? for sure ?
NEXT IS FIRST !!...
In name changes only YUKR,URMP,ENZR,NEXT !!!
NOW Super Flake should be called....................
Super F**k !!!!
Another useless EFFING name Change !! Confirmation as of 3/20/17. Still .................................. From 2004 to 2017.......13 years of BS !! Company summary: ..No Sales, Revenues, or Clients ..... Nearly $ 100 million of shareholders' money spent to obtain: NO legal title to the graphite property. NO active mining permit. NO off-take agreements. NO strategic partners. NO clients. NO graphite sales. NO vanadium sales. NO uranium sales. NO gold, etc. sales. NO revenues whatsoever. Pending: 1:5 or 1:10 Reverse Split. More red flags than a joint Chinese-North Korean military parade.
IMHO
As of yesterday ..Sold out. I will watch very closely, moved my Roth and 401k to cash( money market) last week. if Trump resigns
the Market will tank IMHO.
VRX drives me crazy ....LOL
Looks good, hopefully it does a little retracement , so I can by more.
Any reason for the renewed interest ??
An investors take on NSRC
Sent to me by an Investor . My suggestion would be to try to find concrete information from outside the company. I would begin with the BCMM (Bureau du Cadastre Minier de Madagascar) http://bcmm.mg/en/presentation/ Write a formal business letter, and contact them directly. I have in the past, regarding another company. The link above has email addresses to the main office, and the individual districts, so you can try to get information from two sources within the bureau. Look at this link: http://www.prisma-reports.com/reportsb/2017/Madagascar_2017.pdf Quote: In 2016 it (BCMM - Bureau du Cadastre Minier de Madagascar) issued almost 10,000 licenses. Ten thousand fvc#!ng licenses! An average of 27+ per day. Ask them point blank about Exploration Permit #3432 and their supposed backlog of applications and amendments. Attached is some additional information that may help you get started, assuming you haven't already seen it. They have made enough information public, but have they made ALL of it public? Things smelled bad to me years ago, when I found out that they executed the first agreement, knowing full well that the permit had already expired during the summer: From: http://newsstore.smh.com.au/apps/previewDocument.ac?docID=GCA01333623MGY&f=pdf Quote: A Joint Venture Agreement with Canadian company Energizer Resources Inc. (EGZ) was executed on 15 December 2011 Quote: Title Number Permit Type Grant Date Expiry Date 3432 PR 18-Jun-01 17-Jun-11 Quote: Meanwhile, continuing delays are being encountered in the processing of tenement applications, renewals, and the registration of additional minerals on the permits. If the political situation does not improve there is a risk that the Company may not be able to secure the grant or renewal of tenements in a timely manner, or on satisfactory terms. Either Malagasy told them not to worry about the renewal, or they took a gamble all by themselves. Some other companies would have walked away. I know I would have. Also, I think "Stooge" is REALLY on to something with the infomation he has, and that "docket number" that keeps getting deleted. From: http://getfilings.com/sec-filings/160928/Energizer-Resources-Inc_10-K/ Quote: number of extremely high risks was reduced to two. These risks are: 1. The exploration permit covering the Molo pit expired in 2011 and has yet to be officially renewed (Exploration Permit #3432 is the permit in question). Quote: Exploration Permit #3432 is currently held under the name of a subsidiary of Malagasy Minerals called, Mada-Aust Sarl. Quote: This current permit expired on August 17, 2011. Quote: Energizer continues to diligently work with the Madagascan government to obtain the necessary permits in its name as the country clears its backlog of applications and amendments. From: http://capmetals.com.au/wp-content/uploads/2016/01/151126_MGY_AGM_Presentation-2.pdf Quote: Existing Malagasy assets which are excluded from the transaction are the subsidiaries (both in Madagascar): Mada-Aust SARL, which holds the tenements containing the Maniry graphite project in particular, but also other graphite and mineral prospects, together with labradorite mining leases. Mining Services SARL, which is a drilling and sample preparation company. These companies will be folded into a newly incorporated Mauritian company, to be named Madagascar Graphite Limited, and a new Australian parent, Malagasy Graphite Holdings Ltd. From: https://www.sec.gov/Archives/edgar/data/1302084/000110262416002120/energizer10q.htm Quote: Additionally, this permit expired in 2011 and has not been renewed despite our efforts to do so. The Company has continued to pay taxes and administrative fees in Madagascar with respect to our mining permits including the permit relating to the Molo Graphite Project (although such permit is not in the Company's name). These payments have been acknowledged and accepted by the Madagascar government. Further, in order to advance the Molo Graphite Project, the current permit will need to be converted into an exploration permit in the name of the Company or one of its subsidiaries. The Company cannot provide any assurance as to the timing of the receipt of the required permits. From: https://www.sec.gov/Archives/edgar/data/1302084/000113717115000165/energizerforms1-06182015.htm Quote: our exploration permit expired in 2011 and has not yet been renewed. Failure to renew the exploration permit or convert it into an exploitation permit would prevent the advancement of the Molo project Thank you, Angry
?
Confirmation as of 3/20/17.
Still .................................. From 2004 to 2017....... Company summary: ..No Sales, Revenues, or Clients ..... Nearly $ 100 million of shareholders' money spent to obtain: NO legal title to the graphite property. NO active mining permit. NO off-take agreements. NO strategic partners. NO clients. NO graphite sales. NO vanadium sales. NO uranium sales. NO gold, etc. sales. NO revenues whatsoever. Pending: 1:5 or 1:10 Reverse Split. More red flags than a joint Chinese-North Korean military parade.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=nsrc&postid=26492708#bjcIOeCAv5v4pvIi.99
Richard Schlers paid $477,436, via 2013 Proxy Filing.!!!!!!
"$280,428 came from other types of compensation." Whats the "Other Compensation " ????? As CEO and Director at ENERGIZER RESOURCES INC, Richard E. Schler made $477,436 in total compensation. Of this total $197,008 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $280,428 came from other types of compensation. This information is according to proxy statements filed for the 2013 fiscal year. CEO and Director ENERGIZER RESOURCES INC View local and national averages forChief Executive Officer salaries$477,436 $197,008 Base Pay $0Bonus + Non-Equity Incentive Comp$197,008Total Cash Comp$0Stock Award Value$0Option Award Value$0Total Equity$280,428Total Other $477,436 Total CompensationFiscal Year Ended in 2013
Read more at http://www.stockhouse.com/companies/bullboard?symbol=nsrc&postid=26501195#1BjclGch2hSA6Qs2.99