Last C$0.14 CAD
Change Today +0.06 / 75.00%
Volume 183.4K
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As of 12:31 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

bluestone resources inc (BSR) Snapshot

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01/9/14 - C$0.45
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bluestone resources inc (BSR) Details

Bluestone Resources Inc., an exploration company, engages in the acquisition, exploration, and development of resource properties primarily in Canada and the United States. It owns interests in the Mohave copper-molybdenum-silver project that consists of 366 lode mineral claims covering 7,445 acres and is located to the northwest of Phoenix in northwestern Arizona. The company also owns interests a portfolio of diamond properties in approximately 2.2 million acres in north Canada. It has three principal diamond properties, including the Nanuq North, the Grail, and Borden projects in Nunavut territory. The company was formerly known as Indicator Minerals Inc. and changed its name to Bluestone Resources Inc. in January 2012. Bluestone Resources Inc. was founded in 2004 and is based in Vancouver, Canada.

Founded in 2004

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bluestone resources inc (BSR) Key Developments

Bluestone Resources Inc. Announces Default to the Full Repayment of the Loan

Bluestone Resources Inc. announced that with respect to the loan amount of $130,000 (Loan) to the company announced on December 18, 2013, John Robins, the President and CEO of the company (Lender), has delivered a notice of default to the company requiring full repayment of the loan. The Independent Directors have determined that the company is not in a financial position to repay the loan, and requested an additional extension of the maturity date to allow time to find a suitable financing alternative. The request for an extension has been denied by the lender. The loan is secured by the company's Richardson Property, Alaska. Upon further discussion, the lender has agreed that upon transfer of the Richardson Property pursuant to the exercise of the security under the loan, the outstanding loan will be extinguished in full, including all outstanding interest. The lender has also agreed to assume all outstanding fees owed to the Alaska government with respect to the property, in the sum of approximately $25,000.

Bluestone Resources Inc., Annual General Meeting, Jun 05, 2014

Bluestone Resources Inc., Annual General Meeting, Jun 05, 2014., at 10:00 Pacific Standard Time. Location: 1110-1111 West Georgia Stree. Agenda: To receive and consider the report of the directors, the audited financial statements of the company for the fiscal year ended November 30th, 2013 and the report of the auditor thereon; to fix the number of directors and to elect directors for the ensuing year; to appoint an auditor for the ensuing year and to authorize the directors to fix the auditor's remuneration; to consider and, if thought fit, to approve the company's stock option plan; and to consider any permitted amendment to or variation of any matter identified in this Notice and to transact such other business as may properly come before the Meeting or any adjournment thereof.

Bluestone Resources Inc. Auditor Raises 'Going Concern' Doubt

Bluestone Resources Inc. filed its Annual on Mar 31, 2014 for the period ending Nov 30, 2013. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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