Golden Band Resources (GBRIF)

[creede]

I called OTCM today about GBRIF.

The guy told me to research the company on the Canada side of things. Here's what I found...

FORM 51-102F3 Material Change Report
ITEM 1. NAME AND ADDRESS OF COMPANY
Golden Band Resources Inc. (the "Company") 1500 410 22nd Street E. Saskatoon, SK S7K 5T6

ITEM 2. DATE OF MATERIAL CHANGE
August 12, 2016

ITEM 3. NEWS RELEASE
Issued August 12, 2016 and distributed through the facilities of Canada Newswire.

ITEM 4. SUMMARY OF MATERIAL CHANGE

The Company announced that, in connection with the proposal proceedings initiated by the Company on April 15, 2016 under the Bankruptcy and Insolvency Act (Canada), it has obtained an Order of the Court of Queen's Bench For Saskatchewan granting it approval to, among other things, implement the Bankruptcy and Insolvency Act proposal by the Company to its creditors (the "Proposal"), which Proposal was approved by creditors on July 22, 2016.

Pursuant to the Proposal, among other things, all of the existing equity interests in the Company have been retracted, cancelled and extinguished and new equity interests in the Company have been issued to Procon Resources Inc.

The Company will apply to cease to be a reporting issuer and for de-listing from the NEX board of the TSX Venture Exchange.

ITEM 5 FULL DESCRIPTION OF MATERIAL CHANGE
The Company announced that, in connection with the proposal proceedings initiated by the Company on April 15, 2016 under the Bankruptcy and Insolvency Act (Canada), it has obtained an Order of the Court of Queen's Bench For Saskatchewan granting it approval to, among other things, implement the Bankruptcy and Insolvency Act proposal by the Company to its creditors (the "Proposal"), which Proposal was approved by creditors on July 22, 2016.

Pursuant to the Proposal, among other things, all of the existing equity interests in the Company have been retracted, cancelled and extinguished and new equity interests in the Company have been issued to Procon Resources Inc. The Company will apply to cease to be a reporting issuer and for de-listing from the NEX board of the TSX Venture Exchange.
ITEM 6. RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102
Not applicable.


2304642v1
ITEM 7. OMITTED INFORMATION
No information has been omitted on the basis that it is confidential information.

ITEM 8. EXECUTIVE OFFICER
Contact: Paul Saxton, CEO Telephone: [phone]

ITEM 9. DATE OF REPORT
August 12, 2016

More filings and more info can be found on SEDAR. I believe that's the Canadian equivalent of EDGAR (please correct me if I am wrong).

https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00007862

It looks and sounds to me that Golden Band went BK and was purchased by Procon Resources Inc.

What does that mean for this ticker and our shares?

I honestly have no idea.

I tried calling Proton and Paul Saxton (see above) but did not get an answer at either place.

May circle back at some point and do some more DD. Might be a while since I have so many new ones. If anyone better understands these filings all information is welcome.