chris parrish’s Post

𝐀 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐨𝐮𝐫 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐩𝐥𝐚𝐧𝐬 𝐟𝐫𝐨𝐦 𝐡𝐞𝐫𝐞... Dear Reader, It was excellent to announce our return to trading last week. I’d like to thank all of our investors again for their patience through what was a frustrating period.   With so much work taking place both on the field and in the office over the last few months… and with Marc now in Ontario overseeing ongoing exploration efforts and hosting site visits across our project portfolio…   I’m feeling particularly confident in First Class Metals’ outlook from here.   𝐎𝐧𝐠𝐨𝐢𝐧𝐠 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥𝐢𝐬𝐚𝐭𝐢𝐨𝐧  We’ve taken significant steps forward on the corporate front over the past month or so. Most notably, we announced the sale of our McKellar and Enable assets to Seventy Ninth Resources for £270,000 in cash and £230,000 of funding.   The sale provides real validation for FCM’s incubator strategy – the core of how we generate value for our investors.   We use our expertise to identify promising early-stage exploration assets before deploying our first-class teams on the ground to advance them up the value curve. Then we generate profit by commercialising them – be it through an outright sale or a JV or partial divestment.   Now our first deal is complete, we’ll build on this momentum through the commercialisation of more of our assets moving forward.   This might sound ambitious for an exploration company. But the pieces are already in place. For the full article please follow the link- https://lnkd.in/eGmP4ncu

Interesting that this article does not mention the GRB as a potential buyer? They are clearly a very important shareholder and stakeholder. #Diamonds. https://lnkd.in/dS5_Ztu3

Buyer Group International, Inc. Announces Cancellation of 1 Billion Shares Reducing the Total Outstanding Common Shares by 12% Link to Full News Release : https://lnkd.in/eS3mrPyP? Buyer Group International Inc. CEO David Bryant commented, "As part of our ongoing commitment to increasing shareholder value, I am pleased to announce that, through legal process, we have successfully reduced the number of outstanding shares while reducing the float, as well as our exposure to unscrupulous outside influence. This was a huge win for both the BYRG team and our loyal investors. We are gradually removing previous mistakes and replacing them with critical components worthy of the shares and success they offer. This decision represents our confidence in the company's future potential as well as our commitment to providing long-term value to our shareholders. By removing these shares from the market, we hope to improve the attractiveness of BYRG as a long term play, improve our stock price and make our company an even more appealing investment for private investors supporting Project Shambhala. We appreciate your ongoing trust and support as we take these important steps forward. Stay tuned for further information as we await a major permitting decision and the findings of the USGS magnetic and radiometric survey completed during the Medicine Bow Mountains flyover in summer 2023. Furthermore, we will continue making consistent progress in reducing the total number of outstanding Buyer Group shares, which will increase value for all of our shareholders." #Wyoming #News #Update #StepbyStep #Progress #ShareholderValue #Invest #America

MOST CORRUPT DEAL OF THE CENTURY By Justin Parker Marape signed the MOST CORRUPT STEAL DEAL OF THE CENTURY in 2021 at the government house between the government and the Gold Refinery Holdings of Singapore, which is 70% owned by foreigners mostly Australians. Marape cleverly tried to hide this from being exposed, not informing the MPs both in government and opposition, instead, he is lobbying through Paita and the frontman pushing this. Marape now wants the bill to be introduced in Parliament in the coming May sitting. This Gold Refinery Bill only stipulates the law side of the Bill and mentions the Gold Refinery Holdings without giving details of the agreement signed. Marape tried very hard to hide the Gold Refinery Holdings Shareholder Agreement he signed from being exposed, as this document contains every reason for any MP who claims loyalty to him will be crossing the floor for PNG's sake. I took up the case to the National Court in 2021 and the DCJ Justice Kandakasi ordered that this document be made public. Marape claimed in parliament that he would allow that, instead, he ran to the Supreme Court to appeal the decision of the National Court. The government lawyers never showed up at the Supreme Court 5 consecutive times to defend their case, I now applied to the same Supreme Court to dismiss their appeal on grounds of want to Prosecute, I will be getting a date by this Wednesday for a directional hearing and I have also applied to stop parliament from progressing anything to on this Gold Refinery until the court deals with this matter. I urge all MPs to ask Marape to expose the Gold Refinery Shareholder Agreement he signed, because this Bill to be introduced will only validate this STEAL DEAL OF THE CENTURY. We have seen and heard of how our forefathers were given Laplap and axes to work our land mining for the foreigners, loaded our Gold onto their planes and took it to their countries and built their nations and empires. This Bill once passed will be the same but in our modern day, Marape will legally this time giving our gold to foreign control with all the tax concessions and enslave our hard working small alluvial miners to again work for the foreign interest. Once again the details are all contained in the Shareholder Agreement Marape has already signed, please all you good MPs ask for that document and you must read it for yourself, the details are all there. You will truly see why Marape is now pushing this bill through Rainbo, pretending it was Rainbo's deal. Justin Parker.

NCLT recently disallowed a proposed private sale of assets, directing instead that the bidding process be opened up in favour of maximizing recovery for creditors.   This case involved two applications filed in the NCLT concerning the proposed private sale of leasehold rights of Bhupen Electronic Limited, a company undergoing liquidation. The Liquidator had filed an application seeking approval for the private sale to Eshan Minerals while another application was filed by Sachani Developers seeking opportunity to bid in the sale process.   The key issues were - whether the private sale of the leasehold rights to Eshan Minerals as proposed by the Liquidator should be allowed, or whether the bid process should be opened to other potential bidders as well.   The NCLT dismissed the Liquidator's application and disallowed the proposed private sale to Eshan Minerals. It directed the Liquidator to invite fresh bids through a public auction process by treating Eshan's offer as an anchor bid. This provided an opportunity to parties like Sachani Developers to participate in the bidding.   In its reasoning, the NCLT observed that the liquidation regulations require maximizing realization from the sale of assets. Though the Liquidator justified the private sale, the NCLT felt allowing only one bidder was against this principle. It also noted Sachani Developers' interest after the issuance of a letter of intent to Eshan Minerals. Hence, it ordered the public auction to ensure maximum recovery for creditors as per the IBC and regulations.   The NCLT allowed Sachani Developers' application to seek an opportunity to bid in the process. It laid down directions for the Liquidator to issue a fresh auction notice and complete the bidding within a month. Case Name: Manish Gupta Vs. Eshan Minerals Pvt. Ltd. Case No: IA. No.5737/2023 & IA.No.261/2024 In C.P.(IB)/03/MB/C-II/2017 Tribunal: NCLT Mumbai Bench - II Judge: Kuldip Kumar Kareer, Member (Judicial); & Anil Raj Chellan, Member (Technical) Citation: [2024] IBCInsights [20] NCLT (Mumbai) Date: 13.02.2024   #IBC2016 #Insolvency #CorporateLaw #LegalUpdates #IBCUpdates #IBCNews #InsolvencyJudgments #NCLTJudgments #IBCLawyer #CIRP #303

Yesterdays featured article pointed out that there are serious allegations that the DMRE is not operating optimally and that Minister Gwede Mantashe is increasingly showing signs of being out of his depth when it comes to resolving this. In todays featured article, Webber Wentzel points out that Mantashe needs to go back to basics when it comes to administering a key sector of the economy. Click on the link below to access these insights. #businessrescue #businessturnaround #liquidation

Today, Sierra Rutile Limited released the company’s Target’s Statement outlining the Sierra Rutile Directors’ response to Leonoil Company Limited’s cash Offer for $0.18 per SRX share with no minimum acceptance condition. Sierra Rutile’s Board continues to recommend shareholders ACCEPT the Leonoil Offer (in the absence of a superior proposal).   The Target’s Statement includes reasons for the directors’ recommendation and other important information for shareholders which should be considered when deciding whether or not to accept the Leonoil Offer.   SRX shareholders should read the Target’s Statement in full here 👉 https://lnkd.in/gHnRaDDs Sierra Rutile has today also provided shareholders with an overview of the current status of control proposals for the company. This includes the Leonoil Offer and prior proposals from PRM Services LLC and Gemcorp Commodities Assets Holdings Limited. The Leonoil Offer is the only offer currently available for SRX shareholders to accept, and no superior proposal is currently anticipated.   Read the overview announcement here 👉 https://lnkd.in/grqRMvBi You should consider the Leonoil Offer having regard to your own personal risk profile, investment strategy and tax circumstances. You should also seek independent financial, legal, taxation or other professional advice that you require prior to deciding what action you should take in respect of the Leonoil Offer. #ASXnews #mineralsands #SRX

Thanks to the ABA Antitrust Law Section's Transportation and Energy Industries Committee for the opportunity to serve on a panel of talented attorneys that explored the FTC's novel use of Section 8 of the Clayton Act and focus on potential information-sharing concerns that underpinned the Quantum / EQT merger settlement. Please check out the recap of the panel discussion below! #ABA #TEI #FTC #energy #mergersandacquisitions #antitrustlaw

📢 Important Update: New Tax Regulations on Precious Metal Sales in Italy 📢 Starting in 2024, Italy will implement revised tax rules for capital gains from the sale of precious metals. The key changes include an increased tax rate from 25% to 26% on the entire sale value of gold, specifically affecting those without purchase documentation. This update, part of the 2024 Budget Law, aims to better regulate capital gains categorized as “other income.” Notably, jewelry sales remain unaffected. Stay informed on how these changes might impact your investments and financial planning. #TaxUpdate #PreciousMetals #Italy #Finance #Investment #TaxLaw #2024Budget

Golden Cariboo Resources Ltd CLOSES PRIVATE PLACEMENT – FINAL TRANCHE Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE-GCC/OTC-GCCFF/WKN-A0RLEP) announces that, further to its news release of January 22, 2024, the company will be applying to close tranche two of the non-brokered private placement in the amount of $709,000. After the CSE review period has elapsed a total of 7,090,000 Units at a price of $0.10 per Unit, will be issued. Each Unit will consist of one common share and one-half share purchase warrant; each full warrant is exercisable for a period of 5 years from the closing at exercise prices as follows: $0.12 in year one, $0.14 in year two, $0.16 in year three, $0.18 in year four, and $0.20 in year five. This is the final tranche. The private placement was fully subscribed with total gross proceeds of $2,000,000. https://lnkd.in/gtW-MxVS #gcc #gold #bc #canada #miningnews #finance