Friday, November 23, 2007 10:19:38 PM
DKGR Newsletter - Drake Gold Resources, Inc. Has Completed Updates for All Financial and Corporate Information
in this issue
:: Drake Gold Resources, Inc. Has Completed Updates for All Financial and Corporate Information
:: Links To Financials
:: Gold and the Market
:: Corporate Roster
Drake Gold Resources, Inc. Has Completed Updates for All Financial and Corporate Information
Management Forum
Drake Gold Resources has been working towards a set of goals laid out in a number of documents that have been developed over the past year. These include its executive summary and financial compliance formula. We have done this for the express purpose of showing our investors that we are committed to accountability and moving beyond the status quo. All too often companies are reluctant to disclose benchmarks and goals for fear of falling short. We believe that if we share our ambitions we can take credit for our achievements as well as responsibility in tougher times.
Through hard work and tenacity we feel that the accomplishments will be many while the challenges will only be the means by which we attain these successes. Of course the many goals we have set for Drake Gold Resources rest upon the solid fiscal foundation created by management and attested to in the financials, as vetted by CFO Thomas Conar.
In regard to the updating of information Mr. Conar stated, "The process of obtaining the new status on Pink Sheets is a wonderful addition that I think all companies should be required to go through. The combination of legal and financial transparency is woefully lacking in most Pink Sheet companies." As well as, "The timely completion of this could not have been done without the assistance of a member of the prior management. I want to thank Jerry Leslie for his time and effort in providing a seamless and accurate transition from the prior company."
Drake Gold Resources, Inc. Has Completed Updates for All Financial and Corporate Information
Drake Gold Resources Has Finalized Updating Information With Pink Sheets, LLC to Make the Company a "Current Information Provider"
PORTLAND, OR--(MARKET WIRE)--Nov 20, 2007 Drake Gold Resources (Other OTC: DKGR.PK - News) today announced that the Company, under guidance of counsel Joe Kaufman, has completed its financial disclosure information for filing with Pink Sheets to ensure that its shareholders and the investing public are provided with adequate current information. The Company has met, if not exceeded, full financial disclosure information requirements as posted on the Pink Sheets, LLC website.
Drake Gold Resources, Inc. has completed the financial compliance executive summary plan
(http://www.drakegold.com/docs/DKGR-Financial-Compliance-Formula-11-20-07.pdf)
bringing up to date current filings in accordance with the newly invigorated requirements of being a "current information provider" as outlined by Pink Sheets, LLC. This has included the following:
Completing The Initial Company Information and Disclosure Statement Posting All Financials For The Last Two Years On PinkSheets.Com Obtaining Opinion Letter From Legal Council
As a result, Drake Gold Resources joins the ranks of the top 21% of all Pink Sheet-quoted companies in regard to compliance specifications. This is a result of management's pledge of continually improving the level of transparency regarding disclosure to all concerned parties. With the current level of disclosure, the company is now moving towards meeting the even more stringent requirements of a PrimeQX listing as set forth by Pink Sheets, LLC.
Thomas Conar, CFO of Drake, commented: "My first goals when joining the Drake team were to help direct the reinstatement of Drake's quote on Pink Sheets and achieve current reporting status. I am pleased to report these have been accomplished.
"The gathering of all information necessary to obtain the opinion from our attorney took considerable time and effort. This was necessary to ensure him of the credibility of Drake's current management team and their efforts of taking the company into its business-expansion plan, following the executive summary as previously announced," Mr. Conar concluded.
ABOUT PINK SHEETS, LLC.
Pink Sheets, LLC is the leading electronic inter-dealer quotation system, trading technology and financial information provider for the over-the-counter (OTC) securities markets. Its centralized information network includes services designed to benefit market makers, issuers, brokers and OTC investors. Pink Sheets information enhances the efficiency of OTC trading, provides better executions for OTC investors and improves the capital formation process for OTC issuers. For more information visit the Pink Sheets website at http://www.PinkSheets.com.
ABOUT DRAKE GOLD RESOURCES INC.
Drake Gold Resources Inc. is in the midst of creating a diversified natural resource company, with a portfolio of precious and industrial metals producing mines as well as the creation of an oil and gas subsidiary. As a result of ever-increasing demand and the resulting scarcity, the market for natural resources becomes increasingly profitable.
Diversification and innovative exploration tactics are part of an overall strategic plan that is being carried out by the company's formidable team of natural resource development executives. Diversification plans include the development of gas, oil, gold, silver and industrial metals producing projects. For further information about Drake Gold Resources please visit our website, http://www.DrakeGold.com.
Links To Financials
Link To Restored Quote
****************************************************************
PINK SHEETS: Attorney Letter with Respect to Current Information:
****************************************************************
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12879
****************************************************************
PINK SHEETS: Financial Reports:
****************************************************************
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12337
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12338
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12339
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12340
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12341
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12342
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12343
****************************************************************
PINK SHEETS: Initial Company Information and Disclosure Statement
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12123
****************************************************************
PINK SHEETS: Corporate Bylaws
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12043
****************************************************************
PINK SHEETS: Articles of Incorporation
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12039
****************************************************************
Working to put together Drake Gold Resources since its inception has given me great pride of purpose. Now we have entered a time when operations require that I set aside my other business concerns and focus full-time on Drake. I would also like to thank all of our subscribers and DKGR shareholders for their roll in our success and their belief in the vision we have set forth for the company.
Clayton Smith
Chairman & Director
Gold and the Market
Insights Of Adrian Day
The Gold Report recently spoke with Adrian Day, President of Adrian Day Asset Management, a pioneer in global investing, with a reputation for discovering big winners. Day is the editor of Adrian Day's Global Analyst gives us his insights on what's going on in these interesting times for gold and gold equities.
TGR: I would like you to start by first giving a quick brief assessment of what you perceive as the current investment environment for gold stocks. Are, the continued credit worries and problems and the rate cut going to affect gold stocks? Because the last time we started having trouble like this, it did affect gold stocks.
DAY: A couple of thoughts if I may. First of all, the old saw is that gold stocks are stocks and they often react like stocks, although not always. What seems to happen, in my view, is that gold stocks will tend to act like stocks in the initial phase of any problem. So last week we had a big sell-off in global markets, particularly in Europe and North America. We had a big sell-off because people think the Federal Reserve may not make any more cuts and they're through cutting. I think that is just whistling in the wind, frankly. But that's why stocks came off along with the other weak economic news. Gold stocks came off along with everything else.
What tends to happen is that things will start to shake themselves out after a little while; we certainly saw that in August. And I think we can fully expect gold stocks to do better than the broad market in a continuing weak market, a continuing environment of credit problems. Gold will do better in that kind of environment. And gold stocks will reflect, at least partly, what is happening to gold, but in the initial phase they get sold off like everything else. Cont.
Corporate Roster
http://www.drakegold.com/default.asp?Page=ManagementTeam
http://www.drakegold.com/default.asp?Page=InvestorRelations
Disclaimer
This management forum contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Based upon industry standards Drake would be considered highly speculative. Additional risks you should consider, this list is limited and additional risk not mentioned may apply: failure to meet Drake's financial and contractual obligations, Drake's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
in this issue
:: Drake Gold Resources, Inc. Has Completed Updates for All Financial and Corporate Information
:: Links To Financials
:: Gold and the Market
:: Corporate Roster
Drake Gold Resources, Inc. Has Completed Updates for All Financial and Corporate Information
Management Forum
Drake Gold Resources has been working towards a set of goals laid out in a number of documents that have been developed over the past year. These include its executive summary and financial compliance formula. We have done this for the express purpose of showing our investors that we are committed to accountability and moving beyond the status quo. All too often companies are reluctant to disclose benchmarks and goals for fear of falling short. We believe that if we share our ambitions we can take credit for our achievements as well as responsibility in tougher times.
Through hard work and tenacity we feel that the accomplishments will be many while the challenges will only be the means by which we attain these successes. Of course the many goals we have set for Drake Gold Resources rest upon the solid fiscal foundation created by management and attested to in the financials, as vetted by CFO Thomas Conar.
In regard to the updating of information Mr. Conar stated, "The process of obtaining the new status on Pink Sheets is a wonderful addition that I think all companies should be required to go through. The combination of legal and financial transparency is woefully lacking in most Pink Sheet companies." As well as, "The timely completion of this could not have been done without the assistance of a member of the prior management. I want to thank Jerry Leslie for his time and effort in providing a seamless and accurate transition from the prior company."
Drake Gold Resources, Inc. Has Completed Updates for All Financial and Corporate Information
Drake Gold Resources Has Finalized Updating Information With Pink Sheets, LLC to Make the Company a "Current Information Provider"
PORTLAND, OR--(MARKET WIRE)--Nov 20, 2007 Drake Gold Resources (Other OTC: DKGR.PK - News) today announced that the Company, under guidance of counsel Joe Kaufman, has completed its financial disclosure information for filing with Pink Sheets to ensure that its shareholders and the investing public are provided with adequate current information. The Company has met, if not exceeded, full financial disclosure information requirements as posted on the Pink Sheets, LLC website.
Drake Gold Resources, Inc. has completed the financial compliance executive summary plan
(http://www.drakegold.com/docs/DKGR-Financial-Compliance-Formula-11-20-07.pdf)
bringing up to date current filings in accordance with the newly invigorated requirements of being a "current information provider" as outlined by Pink Sheets, LLC. This has included the following:
Completing The Initial Company Information and Disclosure Statement Posting All Financials For The Last Two Years On PinkSheets.Com Obtaining Opinion Letter From Legal Council
As a result, Drake Gold Resources joins the ranks of the top 21% of all Pink Sheet-quoted companies in regard to compliance specifications. This is a result of management's pledge of continually improving the level of transparency regarding disclosure to all concerned parties. With the current level of disclosure, the company is now moving towards meeting the even more stringent requirements of a PrimeQX listing as set forth by Pink Sheets, LLC.
Thomas Conar, CFO of Drake, commented: "My first goals when joining the Drake team were to help direct the reinstatement of Drake's quote on Pink Sheets and achieve current reporting status. I am pleased to report these have been accomplished.
"The gathering of all information necessary to obtain the opinion from our attorney took considerable time and effort. This was necessary to ensure him of the credibility of Drake's current management team and their efforts of taking the company into its business-expansion plan, following the executive summary as previously announced," Mr. Conar concluded.
ABOUT PINK SHEETS, LLC.
Pink Sheets, LLC is the leading electronic inter-dealer quotation system, trading technology and financial information provider for the over-the-counter (OTC) securities markets. Its centralized information network includes services designed to benefit market makers, issuers, brokers and OTC investors. Pink Sheets information enhances the efficiency of OTC trading, provides better executions for OTC investors and improves the capital formation process for OTC issuers. For more information visit the Pink Sheets website at http://www.PinkSheets.com.
ABOUT DRAKE GOLD RESOURCES INC.
Drake Gold Resources Inc. is in the midst of creating a diversified natural resource company, with a portfolio of precious and industrial metals producing mines as well as the creation of an oil and gas subsidiary. As a result of ever-increasing demand and the resulting scarcity, the market for natural resources becomes increasingly profitable.
Diversification and innovative exploration tactics are part of an overall strategic plan that is being carried out by the company's formidable team of natural resource development executives. Diversification plans include the development of gas, oil, gold, silver and industrial metals producing projects. For further information about Drake Gold Resources please visit our website, http://www.DrakeGold.com.
Links To Financials
Link To Restored Quote
****************************************************************
PINK SHEETS: Attorney Letter with Respect to Current Information:
****************************************************************
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12879
****************************************************************
PINK SHEETS: Financial Reports:
****************************************************************
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12337
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12338
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12339
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12340
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12341
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12342
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12343
****************************************************************
PINK SHEETS: Initial Company Information and Disclosure Statement
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12123
****************************************************************
PINK SHEETS: Corporate Bylaws
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12043
****************************************************************
PINK SHEETS: Articles of Incorporation
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12039
****************************************************************
Working to put together Drake Gold Resources since its inception has given me great pride of purpose. Now we have entered a time when operations require that I set aside my other business concerns and focus full-time on Drake. I would also like to thank all of our subscribers and DKGR shareholders for their roll in our success and their belief in the vision we have set forth for the company.
Clayton Smith
Chairman & Director
Gold and the Market
Insights Of Adrian Day
The Gold Report recently spoke with Adrian Day, President of Adrian Day Asset Management, a pioneer in global investing, with a reputation for discovering big winners. Day is the editor of Adrian Day's Global Analyst gives us his insights on what's going on in these interesting times for gold and gold equities.
TGR: I would like you to start by first giving a quick brief assessment of what you perceive as the current investment environment for gold stocks. Are, the continued credit worries and problems and the rate cut going to affect gold stocks? Because the last time we started having trouble like this, it did affect gold stocks.
DAY: A couple of thoughts if I may. First of all, the old saw is that gold stocks are stocks and they often react like stocks, although not always. What seems to happen, in my view, is that gold stocks will tend to act like stocks in the initial phase of any problem. So last week we had a big sell-off in global markets, particularly in Europe and North America. We had a big sell-off because people think the Federal Reserve may not make any more cuts and they're through cutting. I think that is just whistling in the wind, frankly. But that's why stocks came off along with the other weak economic news. Gold stocks came off along with everything else.
What tends to happen is that things will start to shake themselves out after a little while; we certainly saw that in August. And I think we can fully expect gold stocks to do better than the broad market in a continuing weak market, a continuing environment of credit problems. Gold will do better in that kind of environment. And gold stocks will reflect, at least partly, what is happening to gold, but in the initial phase they get sold off like everything else. Cont.
Corporate Roster
http://www.drakegold.com/default.asp?Page=ManagementTeam
http://www.drakegold.com/default.asp?Page=InvestorRelations
Disclaimer
This management forum contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Based upon industry standards Drake would be considered highly speculative. Additional risks you should consider, this list is limited and additional risk not mentioned may apply: failure to meet Drake's financial and contractual obligations, Drake's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
FEATURED ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
