So... OAK manages to settle claim dispute and obtains relief from forfeiture...

I must admit this selling of Kerrs claims made no sense to me... SGX did alot of work at Kerrs... they signed a MOU with First Nations in the area... they JV'd 50% inf interest in Kerrs property to OAK that saw SGX remain operator of project and receive mgmt fee equal to proportion of exploration expenses... SGX would not have to pay anymore exploration expenses... was a great deal IMO... then claim dispute came along and SGX decides to sell entire Kerrs claims (not just those affected by claim dispute) to OAK for $500K + 2M shares of OAK... now just a few months later OAK conveniently is able to settle remaining claim dispute and the entire property is theirs... FYI... Kerrs claims include claims 100s of metres from EXS-v Eastford Lake discovery 16 g/t Au over 12m... look at chart for EXS.v... could be because of Eastford Lake drilling ongoing...

Think of it another way... OAK's only property was 50% interest in Kerrs and their market value was about $4 million... now they pay just $500K and issue 2M shares and they have a 100% interest in Kerrs... assays are pending FYI... would seem like OAK is a good buy as their share price has not yet moved on this info... 50% interest in Kerrs was worth just $4 million... current SGX market value just $15 million... something is not right with these markets...

Again, what do I know? LOL.

red911

Sheltered Oak files for claim forfeiture relief

2009-12-04 15:21 ET - News Release

Mr. Robert Hanson repors

OAK OBTAINS RELIEF FROM FORFEITURE FOR MINING CLAIM L1140877

Sheltered Oak Resources Corp., further to its Stockwatch news release of Sept. 28, 2009, has acquired certain mining claims in Kerrs township which were adverse in interest to an area of ground covered by mining claim L1140877, which forfeited in late June, 2009. Immediately following the acquisition, Oak surrendered its interest in such claims in order to complete a relief from forfeiture application and file assessment work credits for L1140877. Oak can now proceed to complete a transaction with Sage Gold Inc. to transfer various properties pursuant to the agreement announced with Sage in Stockwatch on Sept. 28, 2009.