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geovencap inc (GOV) Details

GeoVenCap Inc. primarily engages in the exploration and development of gold and silver properties in northern New Brunswick, Canada. The company also explores for lead, zinc, and copper deposits. It holds interests in the California Lake Silver Project consisting of 44 claims covering 957 hectares located 40 km west of Bathurst; Upsalquitch Gold Project comprising 12 claim groups covering 25,507 hectares situated 87 km west of Bathurst; Williams Brook Gold Project consisting of 112 claim units covering 1,843 hectares located 90 km west of Bathurst; and Bathurst Mining Camp Base Metal Project comprising 6,994 hectares situated in 30 to 70 km west of Bathurst. The company is based in Montreal, Canada. GeoVenCap Inc. operates as a subsidiary of Blue Note Mining Inc.

geovencap inc (GOV) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
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Compensation as of Fiscal Year 2014.

geovencap inc (GOV) Key Developments

GeoVenCap Inc. To Transfer To NEX From TSX Venture Exchange

In accordance with TSX Venture Policy 2.5, GeoVenCap Inc. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective August 2, 2013, the company's listing will transfer to NEX, the company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Montreal to NEX. As of August 2, 2013, the company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. Further to the TSX Venture Exchange Bulletin dated May 2, 2013, trading in the company's securities will remain suspended.

Brigitte Dejou Resigns as Director of GeoVenCap Inc

Geovencap Inc. announced that Mrs. Brigitte Dejou has resigned from her position as director of the company, effective May 1, 2013.

GeoVenCap Mulls Review of Strategic Alternatives

GeoVenCap Inc. (TSXV:GOV) is seeking strategic alternatives. GeoVenCap said, "Geovencap has initiated a review process to consider alternatives in relation to its operations. Due to the difficult market conditions, the company has been unsuccessful in raising sufficient capital to advance its projects and might be unable to continue its operations as a going concern. Accordingly, the company is pursuing discussions to preserve value through a strategic partnership, joint venture agreements or a sale of assets in the hope of restoring normal operations. There are no assurances that the process will result in a transaction or, if a transaction is undertaken, as to the terms or timing of such a transaction. In this context, the company may have to postpone the filing of its audited financial statements for the year ended December 31, 2012, which are due to be filed by April 30, 2013."

 

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