Hogan$1
8 years ago
CARSON CITY, NV--(Marketwired - January 21, 2016) - Walker Lane Exploration, Inc. (OTC PINK: WKLN), a Nevada Corporation, announced management changes. At a special shareholders meeting held on January 15, 2016 a majority of shareholders of Walker Lane Exploration, Inc. removed Trevor Moss, Steven K. Jones, Ted Sharp, Iain Stewart and Phil Allen as Directors of the Corporation and elected Quentin Browne, Geo., Herb Duerr, Geo. and Larry Bigler, CPA. Mr. Thomas Mancuso, Geo. was re-elected to the Board of Directors.
There were 7,970,833 shares held by a majority of shareholders (57.5%, inclusive of all classes of stock) voting in favor of the changes to the Board of Directors.
At a special board meeting held in Reno on January 19, 2016, Phil Allen was removed as President, Chief Executive Officer and Vice President of Shareholder Relations by unanimous decision. Mr. Herb Duerr, Geo., was unanimously elected President and Chief Executive Officer.
In commenting on his appointment as President and CEO, Mr. Duerr said, "I look forward to serving the Corporation as it pursues its corporate objectives."
The Corporation filed Form 8-K which details the above actions by the shareholders and Board of Directors.
About Walker Lane Exploration, Inc.
The Corporation is a U.S.-based precious metals exploration company. Walker Lane Exploration, Inc. owns three properties in Nevada; Pyramid, which is located in Washoe County, Nevada, consisting of 10 lode claims leased from the Bureau of Land Management (BLM). West Trinity, which is located in Churchill County, Nevada consisting of 24 lode claims leased from the BLM. And, Paradise, which is located in Nye County, Nevada, consisting of 9 lode claims leased from the BLM. The Corporation's focus is to identify mineral areas that are open to staking and claiming, or to lease properties management deems viable for exploration. Once a property has been secured, management conducts an assessment of the prospect for exploration, which can include sampling, trenching and drilling in order to develop the prospect for leasing, sale or joint venture with other mining companies. Further information can be found on Walker Lane's website at: www.walkerlaneexploration.com
Axcess06
10 years ago
GSPN files amended articles of incorporation with the Nevada Secretary of State Sept. 23rd, changing the name of Goldspan Resources, Inc. to Walker Lane Exploration, Inc. to better reflect the mining company's business focus of exploring for gold and silver in the prolific and under-explored Walker Lane Trend of Nevada.
The Walker Lane Trend extends from southern Nevada from the Calif. border inland appx. 300 miles in width and from south of Las Vegas up through Reno. The Comstock Load, made famous for its rich silver strike near Virginia City, NV, where over 100 million ounces of silver were mined. Today, the same area is now actively being mined by LODE.
Walker Lane Exploration, Inc. shareholders (71%) overwhelmingly approved a 25-to-1 reverse of the outstanding common stock on Sept 23, 2014 as well, which was noted in the Amended Articles of Incorporation.
The Corporation is now preparing to file with FINRA in order to obtain a new stock trading symbol and receive an 'effective date' for the reverse to go into effect.
Axcess06
10 years ago
GSPN's new board of directors (07/31/14) are very experienced mine engineers and geologists (2).
Steve Jones, VP of Exploration, resume boasts THREE gold discoveries in the Walker Lane Trend of Nevada over the course of his career.
Thomas (Toby) Mancuso (Director) has more-than 30 years experience as an exploration geologist within Nevada and has played a key role in the successful development of multiple publicly-traded mining companies.
Trevor Moss (Director), 30-year veteran of the mining industry, has worked on large international projects in administrative capacities, having experience in World Bank financing, foreign government regulatory bodies and corporate development.
Keith Simon (CFO and Director), was the CFO for the San Francisco 49rs for 20 years before becoming an investment banker with Smith Barney where he managed in excess of $80 million in cash from celebrity sports figures before becoming the CFO of a celebrity jet helicopter business started by the former owner of the Oakland A's.
rvisa
12 years ago
Form 8-K for GOLDSPAN RESOURCES, INC.
25-Apr-2012
Other Events, Financial Statements and Exhibits
Item 8.01 Other Events
On April 5, 2012, we entered into a non-binding letter of intent with Alix Resources Corp. ("Alix") for the potential purchase of an option to acquire a 60% ownership interest in certain mineral properties known as the "Golden Zone Property" located in the State of Alaska (the "Property"). The Property is located along the south flank of the Alaska Range 15 miles west of the Parks Highway, approximately halfway between the cities of Anchorage and Fairbanks. Alix has the existing option on the Property (the "Underlying Option") which was entered into in September of 2010 with Hidefield Gold Inc. and Mines Trust Company (collectively the "Owners") whereby Alix can earn up to a 70% interest in the Property.
The letter of intent contemplates the sale of an option to us which, when exercised in conjunction with the Underlying Option held by Alix, will result in our ownership of 60% of the Property, with Alix retaining 10% ownership. In order to maintain our rights under the contemplated option agreement and ultimately exercise the option, the letter of intent contemplates that we will make the following payments:
a) pay Alix Resources an amount of CDN $1,000,000 as follows:
i) an initial amount of CDN $200,000 upon execution of the Definitive Agreement;
ii) an additional amount of CDN $300,000 on or before that date which is 12 months from the date of the Definitive Agreement; and
iii) the remaining amount of CDN $500,000 on or before that date which is 24 months from the date of the Definitive Agreement;
b) fund CDN $3,500,000 in exploration expenditures as follows:
i) an initial amount of CDN $1,500,000 on or before that date which is 12 months from the date of the Definitive Agreement; and
ii) the remaining CDN $2,000,000 on or before that date which is 24 months from the date of the Definitive Agreement; and
c) assume all payment obligations of the Alix Group under the Underlying Agreement, including but not limited to:
i) all outstanding and ongoing cash payments required under Section 2.3 of the Underlying Agreement;
ii) all outstanding and ongoing share issuance obligations under Section 2.3 of the Underlying Agreement, such that Goldspan shall issue securities in its capital in lieu and in replacement of Alix Resources issuing securities in its respective capital;
iii) all cash payment and share issuance obligations under Section 2.8 of the Underlying Agreement, such that Goldspan shall issue securities in its capital in lieu and in replacement of Alix Resources issuing securities in its respective capital; and
iv) all lease payments, taxes or other amounts payable to the State of Alaska or other governmental authorities with respect to the Property.
Alix is required to notify the Owners of the Property of the letter of intent. Upon exercise of our option, the Owners will have the option to form a joint venture with us and Alix or sell their remaining 30% interest in the Property in exchange for an overriding perpetual royalty equal to 2.5% of the net smelter returns.
The letter of intent is non-binding and conditional upon the parties' entry into a definitive agreement, the completion of our due diligence on the Property, and the approval of the Owners and any necessary regulatory approvals.
The foregoing is a summary of the material terms of the letter of intent, which should be reviewed in its entirety for further detail.
Item 9.01 Financial Statements and Exhibits
The exhibits listed in the following Exhibit Index are filed as part of this Current Report on Form 8-K.
Exhibit Number Description
99.1 Letter of Intent - Alix Resources Corp.
ICEQUITY
12 years ago
INTRODUCING ALIX RESOURCES
Alix Resources Ltd. is a Canadian-based junior exploration company listed on the TSX Venture Exchange under the symbol "AIX", as well as the Frankfurt Exchange under the symbol "37N". Alix has a portfolio of projects, including an impressive land package with 21 square miles of claims in close proximity to Sumitomo's Pogo Mine.
LATEST UPDATES
2012-03-19 ALIX EXPANDS MONEY ROCK / WEST POGO PROJECT TO 21 SQUARE MILES OF GOLD-PROSPECTIVE TERRAIN
2012-03-05 ALIX ADDS TO MONEY ROCK LAND PACKAGE NEAR POGO THROUGH OPTION WITH CORVUS GOLD
2012-02-24 ALIX ANNOUNCES PRIVATE PLACEMENT OFFERING
PROJECTS MAP
Select a property from the map above to view an in-depth overview of the property.
Letter of intent on April 5, 2012 with Goldspan Resources Inc. which will allow Goldspan to obtain up to a sixty (60%) ownership interest in the 24,500 acre Golden Zone property in Alaska. The LOI requires Goldspan to spend $3.5 million over the next three years for exploration and development, make cash payments to Alix of $1,000,000, assume the balance of cash and share payments required by Alix to the Owners for full exercise of the Original Option, plus pay an estimated $250,000 for ongoing maintenance fees. The property is located along the south flank of the Alaska Range 15 miles west of the Parks Highway, approximately halfway between the cities of Anchorage and Fairbanks. This transaction is subject to TSX Venture approval.
Golden Zone property in Alaska.
The Golden Zone gold-silver-copper deposit is located on the south flank of the Alaska Range in the Valdez Creek Mining District, about 12 miles west of the Parks Highway on State of Alaska owned lands. Lode gold was first discovered at the Golden Zone in 1907 by prospectors following placer gold up what was to later be named Bryn Mawr Creek, a tributary of the West Fork of the Chulitna River. Exploration of the hard-rock potential at the Golden Zone dates back to about 1914-15 when trenches and short underground workings were driven on the Riverside and Breccia Pipe prospects. The Breccia Pipe prospect was active in the late 1930s when more underground workings were driven and about 20 core drill holes were drilled from underground stations; this work culminated in a brief period of production in 1941. The prospect was then inactive until 1971. Intensive work renewed at the Golden Zone in 1988 and from then through 2010 a series of junior and major companies drilled over 200 holes (mostly core) totaling about 25,000 meters (81,000 feet) on the several prospects on the property although the vast majority of this work was done on the Golden Zone breccia pipe deposit.
Alix Resources optioned the 24,500-acre Golden Zone property in the fall of 2010. Alix then commissioned a report by Norwest Corporation containing a revised resource model and N.I. 43-101 compliant resource estimate for the Golden Zone Breccia Pipe by Norwest Corporation indicating the breccia pipe deposit to contain, at a 1.0 g/T Au cut-off, 3,169,331 tonnes (3,486,250 tons) of measured and indicated material averaging 3.02 g/T Au and containing 279,162 ounces of gold, 1,523,671 ounces of silver and 3,233 tonnes (3,556 tons; 7,112,00 lbs) of copper. The deposit's "global resource" at a 0.5 g/T Au cut-off is 10,264,327 tonnes (11,294,000 tons) of measured, indicated and inferred material averaging 1.44 g/T Au and containing 431,389 ounces of gold, 2,214,517 ounces of silver and 6,081 tonnes (6,689 ton; 13,378,000 lbs) of copper. The table below shows the Norwest report's resource totals as measured, indicated and inferred totals at 0.5 and 1.0 g/T Au cut-offs. A complete table of the 43-101 compliant resource estimate at several cut-offs is shown on Alix' website at www.alixresources.com.
Read more...
http://www.alixresources.com/index.php?page=projects&project=1
ICEQUITY
12 years ago
GSPN - Alix Options Golden Zone to Goldspan
8:03 AM ET 4/11/12 | Marketwire
ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE: AIX)(FRANKFURT: 37N) announces it has signed a letter of intent on April 5, 2012 with Goldspan Resources Inc. which will allow Goldspan to obtain up to a sixty (60%) ownership interest in the 24,500 acre Golden Zone property in Alaska. The LOI requires Goldspan to spend $3.5 million over the next three years for exploration and development, make cash payments to Alix of $1,000,000, assume the balance of cash and share payments required by Alix to the Owners for full exercise of the Original Option, plus pay an estimated $250,000 for ongoing maintenance fees. The property is located along the south flank of the Alaska Range 15 miles west of the Parks Highway, approximately halfway between the cities of Anchorage and Fairbanks. This transaction is subject to TSX Venture approval.
Alix has an existing option (the "Original Option") on the property which was entered into in September of 2010 with Hidefield Gold Inc. and Mines Trust Company (collectively the "Owners") whereby Alix can earn up to 70% interest in the Golden Zone property.
Alix and Goldspan will enter into a Definitive Option Agreement which, inter alia, will require Goldspan and Alix to obtain the Owners' consent to the assignment of the Alix Option to allow for a direct transfer to Goldspan Resources, Inc.
Once Goldspan has exercised its option, Goldspan and Alix will own 60% and 10%, respectively.
"Doing this deal with Goldspan allows the further advancement of the Golden Zone project enabling Alix to focus its efforts on its Moneyrock project in Alaska" states Alix president Mike England. "Sumitomo's neighboring "Pogo Mine" has been the site of extensive exploration on top of production and we are very excited to concentrate now on our significant claims in the area."
Technical information contained in this release has been reviewed and approved by Alix board member, and Qualified Person as defined by NI 43-101, David Hedderly-Smith, Ph.D.
Alix Resources Corp. is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders. For further information we invite you to visit us at www.alixresources.com.
ON BEHALF OF THE BOARD
Michael England, President
Forward-Looking Statement:
Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Alix Resources Corp. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Alix Resources Corp.
Michael England
President
Telephone: 1-604-683-3995 / Toll Free: 1-888-945-4770
604-683-3988 (FAX)
www.alixresources.com
SOURCE: Alix Resources Corp.
http://www.alixresources.com
DLP
12 years ago
VACAVILLE, Calif. , April 9, 2012 /CNW/ - Goldspan Resources, Inc. ("Goldspan"; the "Company") (GSPN-OTC BB) and Alix Resources Corp ("Alix) (AIX-TSX:V) (37N-- FRANKFURT ) signed a Letter of Intent ("LOI") on April 5, 2012 . The LOI will allow Goldspan to obtain up to a sixty (60%) ownership interest in the 24,500 acre Golden Zone property in Alaska . The LOI requires Goldspan to spend $3.5 million over the next three years for exploration and development, repayment to Alix of $1,000,000 as well as an estimated $250,000 for ongoing maintenance fees. The property is located along the south flank of the Alaska Range 15 miles west of the Parks Highway , approximately halfway between the cities of Anchorage and Fairbanks .
Alix has the existing option on the property which was entered into in September of 2010 with Hidefield Gold Inc. and Mines Trust Company (collectively the "Owners") whereby Alix can earn up to 70% interest in the Golden Zone property. Alix has expended over $1.5 million since the inception of their option for exploration and development.
Goldspan and Alix will enter into a Definitive Option Agreement which, inter alia, will require Goldspan and Alix to obtain the Owners' consent to the assignment of the Alix Option to allow for a direct transfer to Goldspan Resources, Inc.
Once the additional funds being committed by Goldspan have been paid as directed, the option that Alix has with the Owners will allow for an ownership change to Goldspan and Alix for 60% and 10%, respectively.
Alix received a NI 43-101, dated January 14, 2011 , Technical Report from Norwest Corporation which provided a resource estimate for the Golden Zone property. Measured, Indicated and Inferred resources at cutoff grades for gold of 0.5 g/T to 4.0 g/T is included in Norwest's report which is included in Alix's public documents with Sedar (http://www.sedar.com). Several other mineralized prospects are also known to be present on the property.
At a 1.0 g/T Au cut-off, the Golden Zone Breccia Pipe and immediate environs contain an estimated resources as follows:
279,166 ounces of gold 1,523,657 ounces of silver 7,112,00 lbs of copper
in 3,486,250 tons of measured and indicated material averaging 3.02 g/T Au.
At a 0.5 g/T Au cut-off the measured, indicated and inferred resource of the Breccia Pipe and immediate environs is 11,294,060 tons of measured, indicated and inferred material averaging 1.44 g/T Au and containing:
431,389 ounces of gold 2,214,517 ounces of silver 13,284,003 lbs of copper
Once Goldspan obtains its ownership position after satisfying all the terms of the Definitive Option Agreement, the Company expects to raise the necessary capital to complete its mining plan and enter into mining production at which time a capital raise is anticipated.
Technical information contained in this release has been reviewed and approved by David Hedderly-Smith , Ph.D., P.G., and Goldspan's CEO and Chairman, who is a Qualified Person as defined by NI 43-101. Dr. Hedderly-Smith is also an Alix Director.
No stock exchange or Securities Commission has approved nor disapproved the statements in this release. Any statements that are not strictly historical are "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to a number of risks and uncertainties that may affect actual events or results materially. These include, but are not limited to the Company's ability to obtain adequate financing to further its current and future business strategies; the Company's historical lack of profitability; the effects of business and economic conditions generally; and, other risks associated with a development stage company. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE Goldspan Resources, Inc.
/CONTACT: Corporate Contact: David A. Hedderly-Smith , PhD, CEO & Chairman, +1-435-649-8326, or Robert W. George II , President, +1-707-469-8732 Copyright CNW Group 2012
(END) Dow Jones Newswires
04-09-12 0803ET
HDOGTX
12 years ago
GSPN Goldspan Resources, Inc. Appoints New Officers and Directors
VACAVILLE, Calif. , April 2, 2012 /PRNewswire/ -- Goldspan Resources, Inc. (OTC BB:GSPN) has elected a new Board of Directors and Officers.
Goldspan has received the resignations of Vincent J. Franzone , CEO, President and a director as well as Fred W. Jackson , Jr., COO and a director and appointed new Directors and Officers as follows:
David Hedderly-Smith , PhD
Chief Executive Officer and Chairman of the Board
Robert W. George II
Director and President
James McLaughlin
Director and Chief Financial Officer/Treasurer
David Saykally
Director and Secretary;
Dr. Hedderly-Smith was previously an officer and director of Goldspan and has joined the executive team again in light of the Company's continued goal for locating desirable gold reserves, developing feasible mining plans and ultimately commencing mining operations.
Dr. Hedderly-Smith holds an MS in geological sciences from the University of Washington and a PhD in geology/geochemistry from the University of Utah . He has over 40 years of varied experience in the minerals exploration industry as a staff exploration geologist for both major mining companies and junior exploration companies, a state regulator (three years as the Deputy Director for Minerals in Alaska 's Department of Natural Resources ), a consultant, and a property owner. He has worked throughout Alaska , the western United States and western Canada as a consultant to major and junior mining and energy companies, Alaskan native corporations, and governmental entities on base and precious metal, uranium, coal, tar sands and water projects. He has also been involved with projects on the east coast of the United States , in South America , in Asia and in Africa .
No stock exchange or Securities Commission has approved nor disapproved the statements in this release. Any statements that are not strictly historical are "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to a number of risks and uncertainties that may affect actual events or results materially. These include, but are not limited to the Company's ability to obtain adequate financing to further its current and future business strategies; the Company's historical lack of profitability; the effects of business and economic conditions generally; and, other risks associated with a development stage company. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE Goldspan Resources, Inc.
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