I wonder what happened with the JV (Novawest Resources Inc) in Quebec Appela has no mention of it?
http://agoracom.com/ir/Apella
Vancouver, BC – Friday, March 28th 2008, 4:15 p.m. PDT
Novawest Resources Inc. (TSX.V Symbol – NVE, Frankfurt Symbol – NWN), and its Board of Directors are pleased to announce that pursuant to a resolution passed by shareholders on January 24, 2007, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening on April 2, 2008, the common shares of Apella Resources Inc. will commence trading on the TSX Venture Exchange, and the common shares of Novawest Resources Inc. will be delisted.
Capitalization: Unlimited shares with no par value of which 92,224,350 shares are issued and outstanding.\
True North Property, Ungava Region, Quebec
The Company acquired a 100% interest in 304 mining claims known as the Raglan 1 Property, comprising 30,775 acres, in May 2003. This property is immediately northwest at Falconbridge’s six year old Raglan Mine site and six outlined nickel/copper deposits. The nickel deposits in the Raglan Camp consist of clusters of sulphide lenses.
The Company entered into an agreement with Novawest Resources Inc, whereby Novawest can earn a 70% interest in the property by expending $620,000 over three years in exploration expenditures. Novawest renamed the claim group the True North Property.
Hg
