UC Resources Ltd.

UC is an emerging producer of Gold and Silver. The Company's goal is to combine cash flow from production, along with a significant exploration upside from its mining assets. The Company is working on its long term objectives to build a mid-tier Production company with a specific focus on silver and gold development in Mexico.

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Re: Question

UC Resources Ltd.

almost 9 years ago

in response to Blackfly6's message

From the June accounts on Sedar...

6. LOAN On October 24, 2014 the Company purchased solar panel equipment in exchange for the assumption of $375,000 in debt due to Sunvault Energy Inc., a company with a director in common. The debt is unsecured, non-interest bearing and payable on demand. UC Resources has the right at its option to choose to convert to shares for debt pending TSX approval for the vend-in of the solar panels.

NR May 22, 2015 TSXV Trading Symbol: UC UC RESOURCES ANNOUNCES COMPLETION OF SHARES FOR DEBT VANCOUVER, BRITISH COLUMBIA—(Marketwired – May 21, 2015) - UC Resources Ltd. (the “Company”) (TSX VENTURE:UC), having received regulatory approval and pursuant to the news release of May 7, 2015, announcing the debt settlement, has fully satisfied and extinguished past debt owed to Sunvault Energy Inc. (“Sunvault”) by the Company in the amount of $80,000 by the issuance of a total of 1,600,000 common shares of the Company at a deemed price of $0.05 per share to Sunvault.

Somebody posted here they acquired solar panels to use in Mexico, and thought acting as as a sales agent to other miners might add to income since, no sign that's been a success.