Thursday, December 09, 2010 5:44:53 PM
There are no shares in the wholly owned Mexican subsidiary,which is required by Mexican law to be headed by Mexican national(Sharon).
Sharon and Bob? own a significant amount of the CWRN shares.
For our purposes it is irrelevant whether some of the BOD CWRN shares are held by BOD of subsidiary(same people-Bob and Sharon),since sub is wholly owned. Can't teach a semester of corporate law in a sentence.
CWRN changed name to the LLC company to better reflect operations-same company still domiciled in NV-this has no effect on and changes nothing for the stockholders. Companies are required to reasonably reflect operations in their name.
Panamerican Minerals Ventures, S.A. de C.V. Baja California,is the wholly owned sub domiciled in Mexico,as required by Mexican law.
To my knowledge the LLC Nevada domicile is merely a name change as noted to better reflect operations-at any rate does not change anything for stockholders.
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