2007-0408 - Cougar Minerals Corp. (COUG)
April 26, 2007
The common shares of Cougar Minerals Corp. have been approved for listing on CNQ. Following the Initial Public Offering of 3,500,000 Units at $0.10 per Unit, there are approximately 12.5 million common shares outstanding.
Cougar is engaged in the exploration and development of natural resource properties and currently holds an option to acquire 50% of the IXL Property in British Columbia as well as an option to acquire a 100% interest in some Saskatchewan Mineral Claims.
Listing and disclosure documents for Cougar Minerals Corp will be available in the CNQ Listings Disclosure Hall
Trading Date: Monday, April 30, 2007
Symbol: COUG
CUSIP: 22208R 10 4
Applications are being accepted for Market Makers for "COUG". If you have any questions or require further information please contact Radhika Ramkarran at (416) 572-2000 X 2435 or E-mail: radhika.ramkarran@cnq.ca
Reopened mineral claims spark interest
The Leader-Post (Regina)
Thursday, September 1, 2005
Page: B4 / FRONT
Section: Business & Agriculture
Byline: Angela Hall
Source: The Leader-Post
A couple of Saskatchewan companies have lined up outside a Regina provincial government office for days in hopes of being first to stake lapsed or reopened mineral claims when the doors open this morning.
But the province says the controversial first-come, first-served process is expected to soon change to a random draw system.
Shaun Spelliscy of Seagrove Capital Corp., a Regina-based company that explores for diamonds, gold, base metals and uranium in Saskatchewan, said he unexpectedly captured the No. 1 spot this round.
Spelliscy claimed he became first in line one week ago after a security guard who had been holding a place for another company stepped away from his spot.
"It was just a fluke ... I'm just driving down Dewdney Avenue. I look over and there is what appears to be a security guard standing on Dewdney Avenue having a cigarette."
Spelliscy said he parked his car and "just walked into first place in line," and then used his cellphone to call another security company he hired to help hold his spot.
The government issues a list each month of claims that are lapsing, which can occur when the required assessment work has not been done. In Saskatchewan's southern mining district, or the surveyed area of the province, companies apply by filing the proper paperwork on the first working day of the following month, said Pam Schwann, director of the mines branch for Industry and Resources.
"We take the first complete application that we receive," said Schwann.
"It's been controversial for a number of years and we've actually made a couple of efforts to try and make some changes to it."
Consultation with industry in 1998 did not result in a consensus, she said. But more recent meetings led to a decision to move to a system where applications will be drawn on a random basis, a regulatory change that will likely be in place in about two months.
The provincial department does not police the lineup at all, said Schwann. She estimated there have been less than half-a-dozen disputes about the current process, but once they move into the court system they can be costly and long.
On Wednesday morning, two security guards held spots outside the office.
The Saskatoon company Spelliscy claimed to have beat out for first in line declined comment on whether or not that was the case.
"(Today) the doors open and hopefully there's not a lot of pushing and shoving and we just file our documents first," Spelliscy said. He said the current system has "historically worked well," though Seagrove is involved in one legal dispute related to the process.
The main exploration focus in the surveyed area of the province is diamonds.
Online Extra
For Subscribers Only
Go to www.leaderpost.com and look for the Online Extras at the bottom of the page for links to information on mineral resources.
Illustration:
* Photo: Roy Antal, The Leader-Post / This was the lineup Wednesday to obtain first crack at some reopened mineral claims. Keith Hunchuk (left to right) of Ground Zero Security petting Tuk, a malamute wolf cross, Shaun Spelliscy of Seagrove Capital Corp., and Sam Bagchi of Trojan Security. Hunchuk is working for Spelliscy to hold his spot in line.
Guards tussle over staking claims
The Leader-Post (Regina)
Wednesday, September 7, 2005
Page: B4
Section: Business & Agriculture
Byline: Veronica Rhodes
Source: The Leader-Post
One of the companies involved in a lengthy wait to stake mineral claims last week says a physical altercation occurred while vying for first place in line.
Shaun Spelliscy of Seagrove Capital Corp., a Regina-based mineral exploration company, said a security guard hired by his company held first place in line Thursday outside a Regina provincial government building on Dewdney Avenue.
Spelliscy alleged Seagrove's female security guard was intimidated by three security guards standing in line for Saskatchewan mining company Shore Gold Inc.
After learning the three guards were attempting to take over the first-place position, Spelliscy said he came down to the building and a physical altercation ensued.
"(Seagrove's guard) that was there was quite upset and quite shaken by the whole thing," said Spelliscy. He claimed he had initially gained the first place spot roughly two weeks ago when the Shore Gold security guard who had been holding the position stepped away for a cigarette.
A spokesperson for Shore Gold stated the company will not make any public comment on any issue regarding claim staking, including the alleged altercation.
Regina Police Service spokesperson Elizabeth Popowich confirmed officers attended a call for an assault in progress just after 2 p.m. on Friday outside of the government building. No arrests were made at the scene and police are continuing to investigate.
The government issues a list each month of lapsed or reopened mineral claims in Saskatchewan, with the list coming out 15 days before the claims become available. In the southern mining district or surveyed areas in the province, companies can apply to obtain the claims by filing the proper paperwork on the first working day of the following month -- a process that is done through a first-come, first-served basis.
"It turned out well. We got 100 per cent of what we were trying to stake," said Spelliscy.
While Seagrove successfully obtained the claims that came available Thursday morning, the company continued to have security guards standing in line for the next set of claims that will come available the beginning of October.
Bob Ellis, spokesperson for Industry and Resources, said the lineup for mineral claims is not policed by the department.
If there were a serious altercation, Ellis said the authorities would be alerted, but in the case of this alleged conflict, police were contacted by one of the parties standing in line.
The department is planning to change to a system where applications will be randomly drawn. Ellis said the change to the system should be in place in roughly two months.
Spelliscy said that until the new random-draw system is established, the company will keep security guards in line round-the-clock.
