11:55 am
I usually do some form of followup contact to try and make sure my interests don't get immediately caught in the shuffle. In this approach I expand on the idea that the Merger can go ahead but the structure of organization should be such that
- Canadian assets must be kept in Canadian control,
- control by foreign nationals is limited
- if they want to hold foreign assets in the WTG portfolio then so be it.
In essence, Finskiy & Assoc. still get what they want but they do it from a Canadian base with Canadian control and scrutiny and not from some inaccessible 3rd party location (BVI)
………………………..
I'll also mention that the Prime Minister has been brought into the loop. Will he act ????
In addition, this second submission was sent to the NDP shadow cabinet members previously listed.
My last project on the 'to do" list is to identify those MP's whose ridings are generally in mining areas, (ex. Timmins, Sudbury, and yes Val d'Or and others.
………………………….
My "to do" list can be carried out solely by myself…… but if other posters such as RonS, TerranceKennan and others who have jumped on board the "Political" wagon, this will give the effort more impetus.
Remember…. Time is of the Essence
…………………………………………
The followup letter…..
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 would like to add further comments to my letter of October 3, 2011 relating to the application before INVESTMENT CANADA for approval of the Merger of Century Mining Corp, Val d’Or, Quebec and White Tiger Gold
In my letter I outline a position of advantage to Canadian resource assets if INVESTMENT CANADA were to order that the Merger can only take place if
- the merged company must be headquartered in Canada.
- majority of the minority control by any one syndicate of investors cannot exceed 33 1/3 %
- 7 Board of Director members, with a majority being resident Canadian citizens.
- of that majority, one member must represent minority retail investors
The affect of these requirements is that we have
- A Canadian company
- Located in Canada
- Controlled by Canadian Directors
- With Minority shareholder’s rights represented
Under these circumstances, if the merged company, White Tiger Gold, wants to include foreign assets such as those in Russia, all the better.
Please consider these scenarios.
Scenario 1
- a Foreign National resident of Russia
- controlling Canadian assets
- headquartered off-shore (BVI)
- from offices in Moscow,
OR Scenario 2
- a Canadian company mining Canadian assets
- headquartered and located in Canada
- controlling Russian resource assets within its portfolio
- subject to Canadian Regulations
- majority Canadian Resident Directors
- minority shareholder Director
- Foreign national control maximum of 40 %
- One Foreign National investor or sysdicate of 33 1/3 %
Clearly the two Scenarios are diametrically opposed. Scenario #2 is in the best interests of Canada for the benefit of Canadians and the Canadian economy..
Note that in Scenario #1 Canada looses all aspects of control through opening the door to uncontrollable manipulations be they Taxation, Royalty Payments, mining continuance, verification of extraction … the list is endless and only limited by the imagination of an inaccessible Foreign National and his Associates who operate outside the borders of Canada. Canadian Authorities have no recourse to these individuals if Foreign Nationals choose not to make themselves available.
In response to the concern of Foreign Nationals not wanting to invest in Canadian Resources unless they have majority control of everything, I point out that over control eventually leads to some form of theft.
I believe this matter to be Urgent where Time is of the Essence. As such, I request your prompt attention in a manner as you see fit.
Yours truly,
__________________
Xxxxx Xxxxxx
Address
Phone
Here are both copies I sent to all involved. more Fuel to the FIRE!
10/5/11
Dear sirs;
I would like to add further comments to my letter of October 3, 2011 relating to the application before INVESTMENT CANADA for approval of the Merger of Century Mining Corp, Val d’Or, Quebec and White Tiger Gold
In my letter I outline a position of advantage to Canadian resource assets if INVESTMENT CANADA were to order that the Merger can only take place if
- the merged company must be headquartered in Canada.
- majority of the minority control by any one syndicate of investors cannot exceed 33 1/3 %
- 7 Board of Director members, with a majority beingresident Canadian citizens.
- of that majority, one member must represent minority retail investors
The affect of these requirements is that we have
- A Canadian company
- Located in Canada
- Controlled by Canadian Directors
- With Minority shareholder’s rights represented
Under these circumstances, if the merged company, White Tiger Gold, wants to include foreign assets such as those in Russia, all the better.
Please consider these scenarios.
Scenario 1
- a Foreign National resident of Russia
- controlling Canadian assets
- headquartered off-shore (BVI)
- from offices in Moscow,
OR Scenario 2
- a Canadian company mining Canadian assets
- headquartered and located in Canada
- controlling Russian resource assets within its portfolio
- subject to Canadian Regulations
- majority Canadian Resident Directors
- minority shareholder Director
- Foreign national control maximum of 40 %
- One Foreign National investor or sysdicate of 33 1/3 %
Clearly the two Scenarios are diametrically opposed. Scenario #2 is in the best interests of Canada for the benefit of Canadians and the Canadian economy..
Note that in Scenario #1 Canada looses all aspects of control through opening the door to uncontrollable manipulations be they Taxation, Royalty Payments, mining continuance, verification of extraction … the list is endless and only limited by the imagination of an inaccessible Foreign National and his Associates who operate outside the borders of Canada. Canadian Authorities have no recourse to these individuals if Foreign Nationals choose not to make themselves available.
In response to the concern of Foreign Nationals not wanting to invest in Canadian Resources unless they have majority control of everything, I point out that over control eventually leads to some form of theft.
I believe this matter to be Urgent where Time is of the Essence. As such, I request your prompt attention in a manner as you see fit.
Yours truly,
Terrance Keenan
2320 W. Eastwood St Apt #2
Chgo. Ill 60625
10/3/11
Dear Sirs;
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).
For the purposes of this approach, what is at stake in Investment Canada’s review of this merger application is thetakeover 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. (only as Majority of the Minority investors)
White Tiger Gold, a Maxim Finskiy 96% controlled entity was established in December of 2010 with questionable assets located in Russia. Other Russian properties are being added to the WTG mix but not with resource analysis based on the Canadian NI 43-101 system.
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 Canadian Resource asset
- controlled by Foreign Nationals
- whose offices and direction will be from the British Virgin Islands.
Clearly, this arrangement is not in the best interests of Canada. If allowed to continue, this arrangement will set a precedent and pave the way for other like minded raiders of Canadian resources by Foreign Nationals. (ie. new RTO-created companies (like WTG) with eight weeks of trading history to initiate predatory takeovers)
As such, I am requesting your in-dept examination of the WTG/CMM application with the sole guidance as to whether or not, and taking all factors into consideration (both present and long term future), the takeover and control of a Canadian resource by Foreign nationals is, in this case, in Canada’s best interests.
For whatever decision Investment Canada will make, I would also suggest the following.
- 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 %
- 7 Board of Director members, with a majority beingresident 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 indicate that the intent of this letter, namely the Merger of Century Mining into White Tiger Gold, does not meet this stated criteria nor 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 Canada.
I submit my comments and concerns for your actions as you see fit.
sincerly,
Terrance Keenan
Terrance Keenan
2320 W. Eastwood st apt #2
Chgo, Ill 60625
Newest Members:
JohnM3
michicheese
Stu
Tigerbull
butterfly
oldstockowner
Top Posters:
production05: 1042
nt300: 521
Carib: 410
doc: 407
Wingfong: 352
bigjohn37: 330
Member Stats:
Guest Posters: 263
Members: 209
Moderators: 1
Admins: 1
Forum Stats:
Groups: 1
Forums: 13
Topics: 1414
Posts: 8565
Moderators: relic (198)
Administrators: admin (310)
Log In
Register
Discussion




All RSS