YGDC is just another pumped up mining company that will mine investor's wallets! I got 4 email pumps on this one this morning. It is just a MOMO play, not for investing. Can't believe some peeps are holding this POS over the weekend!
Yukon Gold has 500,000,000 shares of Common Stock authorized.
Of that amount, 91,450,720 shares of Common Stock were outstanding as of October 31, 2013.
The Company currently does not have an operating business. The Company has been an exploration stage mining company since October 29, 2003 and currently is a shell company. The Company is presently in a reorganization phase and has no subsidiaries.
Total assets as of 31 Oct 2013 ar $1,852.
Liabilities are $151,174.
Loss for the six month period ended October 31, 2013 $70,120
The Company was previously an exploration stage mining company and has exited the exploration stage since 2010
pursuant to the bankruptcy of its subsidiary-see Note (9). On November 15, 2010, the Company’s wholly-owned Canadian subsidiary, Yukon Gold Corp. (“YGC”), declared bankruptcy with the Office of the Superintendent of Bankruptcy Canada and appointed a trustee under the Bankruptcy and Insolvency Act. A Certificate of
Appointment, under Section 49 of the Act; Rule 85, was filed with the Office of the Superintendent of Bankruptcy Canada, in the District of Ontario, Hamilton Division. As a result of the bankruptcy, the Company’s ownership interest in YGC was cancelled.
Going to be lots of people being trampled during the stampede to the exits!
