"NOTE 4 – INVESTMENT IN THE MAGPIE MINES INC. (“THE MAGPIE”)
During the fiscal year 2008, the Company received 50% of the 54,921,962 common shares of The Magpie Mines Inc. in consideration for its 50% ownership interest in the Magpie property. The Company recorded the cost of 27,460,981 common shares of The Magpie Mines Inc. at $10,446 as the cost incurred on the Magpie property. The Company’s original 50% equity stake has been and may be further diluted based on share capital financings that were carried out in The Magpie for ongoing funding of Magpie property. In 2009, the equity loss recorded was $5,425 and in 2010 the equity loss recordedwas $9,635. The Company currently holds 48.64% of The Magpie Mines Inc."
According to the Quebec Register, the registered shareholders of "The Magpie Mines Inc" are still, personally: Peter Smith, Antonio de Quadros and Fouad Kamaleddind. I will send an email to management to that effect. GLTA. BaBe.
http://www.registreentreprises.gouv.qc.ca/en/services_ligne/#demande
Premier actionnaire
SMITH, PETER H.
*** av. ***Westmount (Québec) ***Canada
Deuxième actionnaire
DE QUADROS, ANTONIO M.
Ad*** AVENUE TORONTO (ONTARIO) *
Troisième actionnaire
KAMALEDDIND, FOUAD
****AVENUE TORONTO (ONTARIO) *
