Thursday, December 23, 2010 7:26:15 PM
The 4,950,000 shares of Aultra Gold (ADGI) that DGRI owned from the March 26, 2010 agreement:
On March 26, 2010 the former holders of the Shamika Shares acquired 51% of the outstanding shares of our Common Stock. Accordingly, the Exchange represents a change in control. Dutch Gold Resources, Inc. retained 4,950,000 shares of Shamika Gold, Inc. For financial accounting purposes, the acquisition was a reverse acquisition of the Company by Shamika, under the purchase method of accounting, and was treated as a recapitalization with the Shamika as the acquirer. Upon consummation of the Exchange, the Company adopted the business plan of Shamika.
Shamika Gold Inc. was dissolved on August 31, 2010 in accordance with the provisions of the Canada Business Corporations Act and its net assets, consisting primarily of its partnership interest in Shamika Gold Mining Sprl., were distributed to Aultra Gold Inc.
Are gone. Maybe sold.
From the DEF 14C filed by Aultra Gold (ADGI) on Nov 18, 2010 which lists the beneficial shareholders as of September 30, 2010:
Dutch Gold Resources Inc (DGRI) is not on that list of beneficial owners. 4,950,000 shares would definitely make the list. If they were sold I wonder where the money went.
On March 26, 2010 the former holders of the Shamika Shares acquired 51% of the outstanding shares of our Common Stock. Accordingly, the Exchange represents a change in control. Dutch Gold Resources, Inc. retained 4,950,000 shares of Shamika Gold, Inc. For financial accounting purposes, the acquisition was a reverse acquisition of the Company by Shamika, under the purchase method of accounting, and was treated as a recapitalization with the Shamika as the acquirer. Upon consummation of the Exchange, the Company adopted the business plan of Shamika.
Shamika Gold Inc. was dissolved on August 31, 2010 in accordance with the provisions of the Canada Business Corporations Act and its net assets, consisting primarily of its partnership interest in Shamika Gold Mining Sprl., were distributed to Aultra Gold Inc.
Are gone. Maybe sold.
From the DEF 14C filed by Aultra Gold (ADGI) on Nov 18, 2010 which lists the beneficial shareholders as of September 30, 2010:
Dutch Gold Resources Inc (DGRI) is not on that list of beneficial owners. 4,950,000 shares would definitely make the list. If they were sold I wonder where the money went.
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