Thought...
Promoter receives comp to promote....AMVS
AMVS becomes DKGR ... New agreement with promoter...
Promoter likes DKGR so much ... puts 50k of own funds into company.
DKGR dosnt or isnt able to follow through... Promoter takes over and becomes acting CEO in the interim.
Replaces self and old management with those that they feel have the back ground and connections to propel DKGR forward with past , present and future projects.
All this has placed said promoter, through contracts, funding the company and personal buying at a share holding of(from disclosure):
Clayton Smith 72,255,200 shares 8.2%
Add to that.....
C. Disclosure of Certain Relationships.
Describe any relationships existing among and between the issuer’s officers, directors
and shareholders.
The Chairman, Clayton Smith, has two brothers, a grandfather, and a father that
are shareholders.
Drake Gold Resources Inc. has a 75 % joint venture agreement with Southern
Mining and Exploration (SME). SME is a privately held company by several
individuals including Chairman, Clayton Smith and President John Marconette.
There are no stock transactions involved but it is expected that cash investment
and division of cash proceeds between the companies will happen in the future.
and lets not forget any of promoters partners.
Peter Matousek 76,000,000 shares 8.6%
The disclosure is full or the whys and hows of how a promoter can become the current...
Clayton Smith Chairman, General Manager & Director
John Marconette President & Director
John Cerenzia Director
Thomas Conar CFO
Clayton Smith has served as the Chairman and General Manager of Drake Gold
Resources, a natural resource development company, since July 1, 2007 and devotes
approximately 100% of his time to the business. Previously to moving into the
chairmanship, Mr. Smith had worked as the company’s interim CEO after taking over the
company in May of 2006. Before his association with Drake Gold Resources, Mr. Smith
worked as a consultant and investor relations strategist for Olympus Markets. Mr. Smith
is the owner of Olympus Markets having started the company in January 2007. From March 2004 – January 2007 he was a principal of Novak Capital, which is a business
consulting and investor relations firm. In his capacity at Novak Capital, Mr. Smith was in
charge of consulting and investor relations for CanWest Petroleum from October 2005 –
April 2006. From January 2005 – August 2007 he consulted and provided investor
relations for Titan Oil and Gas. From March 2004 – December 2006 Mr. Smith through
is position at Novak Capital provided Consulting and Investor Relations to Tara Gold
Resources. Since the beginning of 2007 Mr. Smith has been a director of GSB Financial
Inc. and Southern Mining and Exploration. Mr. Smith has provided guidance; consulting
and investor relations since March 2004, assisting companies improve their capital
structure, making them more appealing to the investment community. Prior to his work in
consulting and investor relations, Mr. Smith worked in fine dining food service. Shortly
after studying business at Mount Hood Community College, Mr. Smith undertook an
internship with the founder of Novak Capital, Peter Matousek. Eventually, he would join
the firm as a full time employee and eventually he would be awarded revenue sharing
participation for his contribution to the success of the firm.
with so much personal attachment to DKGR ... I see those involved currently pushing for complete transparency and fulfillment on all or most of past managements statements.
Building a solid Corp.
"QUESTION
How can a stock promoter be interim CEO?
DO NOT DELETE.......
