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baymount inc (BYM) Details

Baymount Incorporated operates in the horseracing industry primarily in Canada. It engages in the process of developing a new racetrack and gaming facility known as Quinte Raceway and Slots in Belleville, Ontario. The company also focuses on the development of a new racetrack in Brandon, Manitoba. Baymount Incorporated was incorporated in 2004 and is headquartered in Toronto, Canada.

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baymount inc (BYM) Key Developments

Baymount Listing Transferred From Tier 2 Of TSX-V To NEX

Baymount Incorp. announced that it received notification on September 11, 2012 from the TSX Venture Exchange (TSX-V) of the transfer of its listing from Tier 2 of the TSX-V to the NEX on the basis of the determination by the TSX-V that the company no longer satisfies the Continuous Listing Requirements of the TSX-V in respect of Tier 2 issuers. As noted in the TSX-V Bulletin issued on September 11, 2012, the company's tier classification has changed from Tier 2 to the NEX, its filing and service office has changed from Toronto to the NEX and accordingly, it is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.

Baymount Incorp., Annual General Meeting, Jul 06, 2012

Baymount Incorp., Annual General Meeting, Jul 06, 2012., at 15:30 US Eastern Standard Time. Location: Heenan Blaikie LLP, 333 Bay Street. Agenda: To receive the financial statements of the corporation as at and for the years ended December 31, 2010 and December 31, 2011, together with the reports of the auditors thereon to fix the number of directors of the Corporation to be elected at the Meeting at seven; to elect the directors of the corporation for the ensuing year; to appoint the auditors of the corporation for the ensuing year and to authorize the directors of the corporation to determine the remuneration to be paid to the auditors; to consider and, if deemed advisable, to pass an ordinary resolution, the full text of which is set in the accompanying Management Information Circular and Proxy Statement, approving the stock option plan of the corporation in the form set out in Schedule "C" to the Management Proxy Circular; and to transact such other business as may properly come before the Meeting.

Nevada Exploration, Inc. and Baymount Incorp. Announce Termination of Agreement of Fletcher Junction Gold Project

Nevada Exploration, Inc. and Baymount Incorp. have terminated the proposed transaction on NGE's Fletcher Junction Gold Project, located in the Walker Lane in western Nevada, as contemplated by a Letter of Intent announced on December 16, 2011. The proposed transaction would have constituted a "Change of Business" for BYM as defined under the rules and policies of the TSX Venture Exchange. BYM has decided to not pursue a Change of Business at this time and instead to focus its efforts on evaluating its existing assets and business activities. Because the proposed transaction constituted a Change of Business transaction, BYM required an updated, independent, technical report pursuant to National Instrument 43-101. In anticipation for closing, NGE successfully obtained and delivered to BYM an updated, independent technical report on the project.


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