qrs capital corp (QRS) Snapshot

QRS Capital Corp. at its annual and special meeting of the shareholders to be held on June 26, 2013 proposed amendment to the By-Law No. 1 of the company in regards to mandatory procedures for nominations of persons for election to the board of directors of the company, proposed amendment to its articles of incorporation to change the name of the company to Sendero Mining Corp. and amendment to its the Articles to consolidate QRS' outstanding common shares into 20 million common shares.

QRS Capital Corp filed its Annual on Apr 30, 2013 for the period ending Dec 31, 2012. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

QRS Capital Corp. announced that it has signed a memorandum of understanding with Compañía Minera Algarrobo Limitada regarding the potential short term exploitation of minerals on mining concessions comprising the Tobaco-Carmen deposit located at its Aurum Copper Project in the Atacama Region of Chile. Recent exploration by QRS has established a 7 km long anomalous geophysical trend (the Western Exploration Trend) that has exploration potential for additional copper mineralization. Central to this feature is the known Tabaco-Carmen copper resource that CMA and QRS consider to represent a near term production opportunity that if realized, would complement the efficacy of QRS exploration effort and provide mutual benefit to both parties. CMA and QRS have therefore agreed to evaluate the potential to develop the Tobaco-Carmen resource into an economically viable mining operation. The key parameters by which QRS and the CMA will cooperate in the Carmen Mining Project are summarized as follows: QRS and CMA intend to negotiate a definitive agreement reflecting the terms of the MOU. Under the Option Agreement, QRS will continue to carry out the necessary exploration work to expand the existing resource estimate. The parties will evaluate the viability of exploiting the shallow copper oxide mineralization within the Tobaco-Carmen copper resource by means of an open pit mining and heap leach operation with on-site solvent extraction and electro winning (SXEW) cathode copper production facilities.