Galaxy Minerals Inc. (f/k/a GAXY)

[g2285]

Hang these scammers.WTF...ENFORCEMENT PROCEEDINGS - IN THE MATTER OF GALAXY MINERALS, INC.

Jul 19, 2007 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) -- On July 18, the Commission issued an Order Instituting Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934 against Galaxy Minerals, Inc. The Division of Enforcement (Enforcement) alleges that Galaxy is a Florida corporation with offices in Lake Villa, Illinois with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). According to the Division, Galaxy is delinquent in its periodic filings with the Commission, having not filed a periodic report since it filed a Form 10-QSB for the period ended Sept. 30, 2005. The Order institutes public administrative proceedings to determine, among other things, whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or to revoke the registration of each class of securities of Galaxy registered pursuant to Section 12 of the Exchange Act. (Rel. 34-56095; File No.3-12700)


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