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CMKX--- 1 more time
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[QUOTE]Originally posted by legaleagle: [QB] Note: 7 claims staked by Spellicy. Four offered on Ebay. Bruce Johnstone Saskatchewan News Network November 2, 2004 REGINA -- A Regina-based mining exploration company says the province's system for staking lapsed or re-opened mineral claims on Crown lands is unfair, costly and favours larger mining companies. "It's a silly process," said Shaun Spelliscy of Seagrove Capital Corp., a junior resource company that explores for diamonds, gold, base metals and uranium in Saskatchewan. "It's an unfair process." On Monday, Seagrove successfully staked seven claims that had been optioned to Nevada-based company, CMKM Diamonds, which failed to do the required assessment work, causing the property in the Fort a la Corne area near Prince Albert to lapse. CMKM Diamonds and its predecessor company, Casavant Mining Kimberlite International, and three of its officers and directors, were slapped with a cease trading order last week by the Saskatchewan Financial Services Commission. The commission said the companies failed to file a prospectus in the province and have no right to sell securities to Saskatchewan residents. Spelliscy said he had to hire a security company, Ground Zero Security, to hold his place in line at the Saskatchewan Industry and Resources Sub-surface Geological Laboratory for nearly two weeks. (clipped rest of story) [/QB][/QUOTE]
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