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Great results today so I am adding to my holdings on SOV. Primed24 I recognize your ID from the SLI forum, you are impressed with SOV, obviously, glad to see you on board here! This stock looks promising!!
I believe they can go through the HSBC Bank Canada, formerly the "Hongkong Bank of Canada." This is one avenue for the investors from China to buy shares in Canada such as SLI.
HighRigger
http://federalaero.com/2011/meeting-on-behalf-of-st-elias-mines-ltd/
At the Great Hall of the People in Beijing.
Way to go Murry!
HighRigger
It seems to me we no longer have much say in this property as long as they meet the obligations per this agreement. However it does say the agreement was not finalized at the time of this NR taken from the Hi Ho web site.
CARMI, BC PROJECT (Molybdenum) – The Carmi Project is a Hi Ho’s premier advanced stage molybdenum exploration/development project. Hi Ho is the 51% owner of (2,873 hectares – 7,184 acres) of this property through an Option agreement where all option terms have been met. An amending agreement dated October 16, 2008 between the Company and the optionor provides that the Company can increase its interest in the Carmi property from 51% to 100% by paying $750,000 ($250,000 paid) and issuing 3,500,000 common shares of the Company within six months of signing a formal agreement. (Agreement not finalised)
HighRigger
Great news!!!
Wednesday, July 06, 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2011) - Simba Energy Inc. (the "Company") (TSX VENTURE:SMB) (FRANKFURT:GDA) (OTCBB:SMBZF), has received an official invitation from the National Oil Company of Liberia (NOCAL) to meet in Monrovia, Liberia during the week of July 18, 2011 to commence the final negotiation process for Simba Energy Inc.'s formal Production Sharing Contract (PSC) application. A Draft Production Sharing Contract (PSC) has been received from NOCAL and Simba Energy is currently reviewing this draft PSC and will be in attendance the week of July 18, 2011 to finalize discussions which it anticipates will lead to the issuance of the onshore PSC.
Pursuant to our previous announcement in October 2010, Simba Energy submitted its application to the National Oil Company of Liberia (NOCAL) to convert its current Hydrocarbon Reconnaissance Permit (NR-001) into a Production Sharing Contract (PSC). Since then, the Company has had extensive meetings with NOCAL to review, advance, and finalize this PSC application. During this period there have been changes to management and the board of directors of NOCAL, as well as a moratorium imposed by the Government on new (offshore) PSC applications. The Company is pleased to confirm it has successfully completed all required negotiations and discussions with NOCAL and will be in attendance the week of July 18, 2011 to finalize discussions which it anticipates will lead to the issuance of the onshore PSC.
The formal letter received by Simba Energy from NOCAL also stated that the delay in reaching the final negotiation process was due mainly to the lack of a "Model Production Sharing Contract for onshore oil" along with the reorganization within NOCAL`s offices.
Mr Robert Dinning, President and CEO is quoted "This invitation and meeting represents the final step in the process for the Company's application to convert its current exploration license into a PSC. We look forward to finalizing this application process so we can begin our planned activities and continue to contribute socially to the communities within our area of work."