transparency??
posted on
Jul 18, 2018 04:28PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Notice... it's Eabametoong taking the spotlight lately??..
And the chief's demand for transparency going forward?????? Perhaps she can follow her own rules and tell us a bit about the Eabametoong Economic Development corp and list the other members on the board... What's talked about? What's it for ..??? Since transparency seems to be so important to her.
2014
http://www.noblemineralexploration.com/i/pdf/news/NR20140408.pdf
The Property has an area of approximately 145,000 acres, or 58,000 hectares, and is located in the Timmins area of northern Ontario. Pursuant to a restated agreement of purchase and sale dated as of January 28, 2014 (the "Restated PSA") entered into by the Company and Resource Land Holdings, LLC (the "Purchaser"), as amended by agreement dated as of March 28, 2014 (the "PSA Amendment"), the Purchaser has agreed to buy the surface rights and timber rights to the Property, including any sand, gravel (including hard rock aggregate), peat, gas or oil located on or under the Property, as well as a 5% net profits interest in the mineral rights on the Property which can be repurchased by the Company at a cost of $800,000 per 1% interest. The purchase price to be paid by the Purchaser in this transaction is $6,800,000, and the Company will also be granted a 50% net royalty on revenue generated from any carbon credit business relating to the Property….
In considering the Sale Transaction, the proposed repayment of secured debt to Franco-Nevada Corporation and Bridging Credit Fund L.P
Resource Land Holdings was incorporated in Denver Colorado the same year as…Resource Capital Funds.
Carbon credit? To offset a Timmins smelter …perhaps?? Keeping trees gives you a credit.
An example below…in BC, Canada
https://www.cbc.ca/news/canada/british-columbia/b-c-forest-in-major-carbon-offset-play-1.1029647
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2015
Notice one year later Franco Nevada lends money to Noront to buy the Cliffs Ring of Fire claims.
http://norontresources.com/noront-resources-to-acquire-cliffs-chromite-properties-in-the-ring-of-fire/
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What about this …Bridging Credit company??
Bridging Credit fund Lp
https://www.bloomberg.com/profiles/companies/1027641D:CN-bridging-credit-fund-lp
notice the website ulr….www.bridgingfinance.ca
Look at the CEO below….
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https://iitio.org/david-sharpe/
David is the CEO of Bridging Finance Inc., a private investment management firm based in Toronto and one of Canada’s largest private lenders. Bridging is also a significant bridge lender to First Nations and Inuit for infrastructure and revenue growth projects. David has over two decades of financial services industry experience.
David is currently the Chair of the Board of Governors of the First Nations University of Canada. He is also on the Board of Directors of the economic development corporation for Eabametoong (Fort Hope) First Nation, a community located approximately 300 kilometres northeast of Thunder Bay in the “Ring of Fire.”
https://www.queensu.ca/gazette/alumnireview/stories/effecting-change-david-sharpe
Mr. Sharpe, whose father is from Tyendinaga Mohawk Territory, near Deseronto, Ont., says neither of his parents finished high school. Mr. Sharpe's family moved to Toronto to find work, and growing up, he spent time in the summer in the Tyendinaga area with his grandparents and the rest of his time in Toronto.
“I am very close with my grandmother, and as a child, I especially cherished her service to others and her kindness – she was very wise,” he says. “But it was a complex relationship, too. Her generation was made to feel ashamed for being Indian, and I felt plagued with that in some ways, shame in being myself.”..
The firm provides small- and medium-sized North American companies with alternative financing options and is one of the only bridge lenders in Canada to First Nations and Inuit for infrastructure projects.
“We saw the need for these loans for Aboriginal communities. Because we can be quick and nimble about getting money into communities, the loans are game-changers. They are making a big difference in people’s lives.”
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