StockIgloo

With all due respect to Fredericton, I add some personal editing to his creation for consideration by others. Please make your own edits to mine as desired.

I hope many of us follow his lead.

October 4, 2011

The Honourable Christian Paradis

Minister of Industry

C.D. Howe Building
235 Queen Street
Ottawa, Ontario  K1A 0H5
Fax: 613-992-0302
Email: minister.industry@ic.gc.ca

Dear Mr. Minister:

I am writing on a matter of urgency where time is of the essence.

Investment Canada has received an application from Century Mining Corp. (CMM) and White Tiger Gold (WTG) where Century Mining will be absorbed into White Tiger Gold through a Reverse Takeover Offer (RTO). 

I indicate that the intent of this letter, namely the Merger of Century Mining into White Tiger Gold, does not meet the intent of the INVESTMENT CANADA ACT and as such should ether be denied or modified along lines that do meet the best interests of mining investment in Canada. 

 For the purposes of this approach, what is at stake in Investment Canada’s review of this merger application is the takeover and assumption of a Canadian resource (company) by foreign nationals.

Century Mining, a gold producing mine in Val d’Or, Quebec has, by previous NI 43-101 reports, established the existence of $15,000,000,000 worth of gold.  Russian investors namely, Maxim Finskiy and his Associates have taken control and management of the Canadian asset. (being the Majority of the Minority investors) 

White Tiger Gold, a Maxim Finskiy entity (approximately 96% controlled), was established in December of 2010 with non verified assets located in Russia.   Within weeks of low volume public trading this new RTO created company initiated this predatory takeover of a larger asset Canadian company. Russian properties are being added to the WTG asset mix but not with resource analysis based on the Canadian NI 43-101 requirements.

With the above factors, what is also alarming is the indication by WTG/CMM that they will be located in the British Virgin Islands.  What we now have is; 

• a verified Canadian Resource asset
• controlled by Foreign Nationals
• Incorporated with office and direction from the British Virgin Islands

I believe this arrangement, if allowed as it stands, will set a precedent.  One which is advertising that an environment exists in Canada where it is possible for a Foreign National to raid a Canadian mining resource with no questions asked. 

I believe this arrangement is not in the best interests of our Canadian Mining Industry. Such industry totally relies upon minority shareholders becoming involved from the earliest stages in sharing the risk of establishing a mine.  Shareholders, who share the risk that there may not ultimately be an economic resource to develop, but who need to be assured that will largely be their only risk.

As such, I am requesting your in-depth examination of the WTG/CMM application with the sole guidance as to whether or not, and taking all factors into consideration (both present and future), the takeover and control of a Canadian resource by Foreign Nationals is, in this case, in Canada’s best interests.

My personal beliefs as suggestions towards whatever decision Investment Canada will make;

• the merged company must be headquartered in Canada.
• majority control by any one syndicate of investors (such as Finskiy & Assoc.) cannot exceed 33 1/3 %
• a Board of Directors with seven members, with a majority being resident Canadian citizens.
• of that majority, one member must represent minority retail investors

Your Government is showing a proactive stance in protecting Canadians and Canada’s assets.  This is very evident as we watch the chaos in other countries.  As such it is my expectation that your Ministry and the Government of Canada will likewise act to protect the economic welfare of Canadians and the allotment of Canadian resources to the benefit of Canada.

I submit my comments and concerns for your actions as you see fit.

Yours truly

 _____________________________

Xxxxxxx Xxxxxxxx

Address

Phone(s)

Email

To the Honourable C. Paradis's email I also sent separate emails, one containing URL's to five of John Helmer's applicable web pages and then the updated Chronological Summary URL and attached pdf file.

Upon reading through some of this again, SOMEONE should write a book. If that became public knowledge, knowing a book was being researched MAY? create impetus for an authority to scrutinize more diligently. OK, I'm a dreamer.

May be too late to affect authorities and too early for a book with no final "body count".

It seems no one of the regulators wants to be first to act as an "alarmist" and stand up with a position that is not 100% dismissive. Judge Smith wrapped his black gown tightly around himself and sputtered forth righteous drivel.  I am boggled too nt. Our problem is we need a Boston Tea Party.