Canadian Port Authorities & some questions.

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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Hebe

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Canadian Port Authorities & some questions.

posted on Mar 14, 2014 02:17PM

Canadian Port Authorities & some questions.

CPAs are federally incorporated, (the ROF Port Authority Corp. is set up Provincially, not sure what the difference would be?) autonomous, non-share corporations that operate at arm’s length from the federal government, who is the sole shareholder. However, there is no directive power under the legislation that allows the federal government to direct or influence the actions of the respective CPAs. They are governed by a board of directors nominated by port user groups and various levels of government to implement “user pay-user say” principles within the port system. They operate according to business principles and have the authority and flexibility to determine strategic direction and make commercial decisions. CPAs are able to set their own fees (e.g., berthage and wharfage), but such fees must be fair and reasonable. CPAs are also responsible for the maintenance of commercial shipping channels and in this regard, finance their own dredging requirements. They also act as landlords, leasing out port operations to private terminal operators.

From; http://www.tc.gc.ca/eng/policy/acf-acfi-menu-2963.htm

So... Can we "ascertain” that the invitations that were sent out by the Minister, (Referring to my last post), to the stakeholders in the ROF were invitation to sit on the board of the newly created provincial port corporation?

What I was really looking for, & will take some deeper digging, was “can a foreign Corporation sit on the board of a CPA” or would they have to cut a deal, JV with the Canadian companies in the Ring? Maybe they could create their own Canadian company & this could be side stepped easily, but would the Provincial & Federal Gov’t allow such a take over? Would this move be in the best interest of Canada?

I hope NOT, this would mean that NOT, KWG & other major players in the ring could not be totally bought out & make it through to production? We, Shareholders wouldn’t be looking at a $2 to $3 buyout in this case, just blue sky’s!