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Post by Franko10 ™ on Jul 27, 2005 15:08:38 GMT -5
Corporation Information Status: Active on 6/16/2005 but List of Officers Due: 7/31/2005 1 month 1/2 ?? tinyurl.com/agbsyActions\Amendments Action Type: Annual List Document Number: 20050235386-44 # of Pages: 1 File Date: 06/16/2005 Effective Date: (No Notes for this action) tinyurl.com/bjrer
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Post by Franko10 ™ on Sept 26, 2005 11:13:31 GMT -5
Formerly=Black Stallion Management, Inc. until 3-00 Formerly=Digital Bridge, Inc. until 3-02 Note=6-30-04 company is in the development stage in its mining operations Formerly=Tantivy Group, Inc. (The) until 4-03
Pacific Rocky Mountain, Inc. ("PRM") is a development stage company that was incorporated on May 20, 2002, under the laws of the State of Florida to acquire mining claims and develop them utilizing a patented proprietary process for the extraction of precious metals. PRM owns mining claims in Hayfork, California consisting of known mined ore and tailings. PRM plans to perform the extraction, smelting, casting, and refining of metals such as gold, silver, platinum, scandium, and rhodium. Its principal activities since inception have consisted of financial planning, establishing sources of production and supply, developing markets, and raising capital. Its principal operations consisting of the extraction of precious metals have not started; therefore the Company has no present sources of significant revenues. Pacific Rocky Mountain, Inc. became a wholly owned subsidiary of The Tantivy Group, Inc. on September 27, 2002 with the effectuation of the Asset Purchase Agreement described below.
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Post by Franko10 ™ on Sept 26, 2005 11:15:11 GMT -5
The Company entered into an Agreement to acquire 100% of the outstanding shares of Oretech Corporation in a stock for stock exchange, effective April 1, 2003. Pursuant to the terms of the Agreement, the Company will exchange 20,907,000 newly issued shares of its restricted common stock for all of the outstanding shares of Oretech Corporation.
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Post by Franko10 ™ on Sept 26, 2005 11:20:36 GMT -5
The Tantivy Group, Inc. discontinued its operations of providing Internet technology solutions through the business model known as "Venture Technology," in which it served its clients as a management consultant, Internet strategy consultant, interactive marketing agency, and technology developer, all seamlessly integrated into a cohesive unit. On September 27, 2002, Tantivy completed a reverse acquisition in accordance with an Asset Purchase Agreement with Pacific Rocky Mountain, Inc. ("PRM"). As a result, the Company is now in the development stage in its new mining operations.
Pacific Rocky Mountain, Inc. is a development stage company that was founded for the purpose of developing certain recorded claims and acreage situated in central Colorado and California. PRM plans to continue extraction, smelting, casting, and refining of precious and strategic metals using a patented proprietary process, which will extract and produce the metals in their pure state in a capacity at ten times the current industry standard. Such minerals include Gold, Silver, Platinum, Scandium and Rhodium.
On March 31, 2003, the Company announced that that the Company's Board of Directors and a majority of the Company's shareholders had approved the Company effectuating a 1-10 reverse stock split.
On March 31, 2003, the Company entered into an asset purchase agreement with Oretech Corporation, a privately held Nevada based technology corporation, in which the Company acquired all of the assets and assumed all of the liabilities of Oretech in exchange for twenty-five million nine hundred fifty-nine thousand five-hundred (25,959,500) shares of the Company's Common Stock, after the effectuation of the aforementioned 1-10 reverse split, giving the shareholders of Oretech ownership of 82.67% of the Company's Common Stock. Subsequent to the agreement, the Officers and Directors of the Company resigned and were replaced by seven new Directors, who subsequently appointed new officers. The business combination is treated as a reverse acquisition, with Oretech the deemed acquirer in the transaction. On April 1, 2003, The new Directors voted to change the name of The Tantivy Group, Inc. to Oretech, Inc. Subsequently, the Company was issued a new trading symbol, "ORTE". The Company effectuated the 1-10 reverse split on April 1, 2003 and will subsequently issue the aforementioned shares to Oretech shareholders.
Oretech Corporation developed a proof of concept model that represents a breakthrough in ore processing technology. The process utilizes a proprietary high temperature technique to extract various metals from ore bodies that are typically highly carbonaceous. The proof of concept model has extracted gold and silver from various samples of carbonaceous ore bodies.
With only a few equipment enhancements, future Oretech production units should be able to extract many additional metallic elements including platinum, rhodium, and scandium. Oretech holds an exclusive license from PTI Ventures, LLC to develop and commercialize the "Oretech process". The Company is a spin-off of PTI Ventures, a research and development concern based in Columbus, Georgia. PTI commissioned its Oretech proof of concept unit in August of 2001.
To accelerate growth, Oretech will utilize its position as a publicly traded company to begin raising capital for expansion and growth. The Company will immediately begin licensing ore processing units through PTI Ventures. The growth program calls for 5 commercial systems to be placed in operation during 2003 and 2004.
Selected ore reserves will be acquired and controlled by the Company under mineral right agreements with private individuals and the BLM. The Oretech process will be utilized to effectively produce high yields of precious metals from these reserves.
Mineral rights to proven reserves located in the United States, Canada, Mexico, and South America have been targeted for acquisition and processing.
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Post by Franko10 ™ on Sept 26, 2005 11:22:43 GMT -5
Domestic mining operations and exploration activities are subject to extensive laws and regulations governing prospecting, development, production, exports, taxes, labor standards, occupational health, waste disposal, protection and remediation of the environment, protection of endangered and protected species, mine safety, toxic substances and other matters. Mining is subject to potential risks and liabilities associated with pollution of the environment and the disposal of waste products occurring as a result of mineral exploration and production. We may in the future be, subject to clean-up liability under the Comprehensive Environmental Response, Compensation and Liability Act of 1980 and comparable state laws which establish clean-up liability for the release of hazardous substances. At this time the Company has not made any provisions in its financial statements for clean-up costs, it cannot guarantee that such provisions will not be needed in the future. In the context of environmental permitting, including the approval of reclamation plans, we must comply with standards, existing laws and regulations which may entail greater or lesser costs and delays depending on the nature of the activity to be permitted and how the regulations are implemented by the permitting authority. It is possible that the costs and delays associated with the compliance with such laws, regulations and permits could result in us not proceeding with the development of a project or the operation or further development of a mine. Amendments to current laws and regulations governing operations and activities of mining companies are actively considered from time to time and could have a material adverse impact on us. In recent years, the U.S. Congress has considered a number of proposed amendments to the General Mining Law of 1872, as amended (the "General Mining Law"), which governs mining claims and related activities on U.S. federal lands. Although no such legislation has been adopted to date, there can be no assurances that such legislation will not be adopted in the future. If ever adopted, such legislation could, among other things, impose royalties on gold production from currently unpatented mining claims located on U.S. federal lands. If such legislation is ever adopted, it could reduce the amount of future exploration and development activity conducted by us on such U.S. federal lands. In addition, in 1992, a holding fee of $100 per claim was imposed upon unpatented mining claims located on U.S. federal lands. In October 1994, a moratorium on the processing of new patent applications was approved. While such moratorium currently remains in effect, its future is unclear.
UNCERTAINTY OF DEVELOPMENT PROJECTS
It may take several months to years until production of precious metals is possible using our patented proprietary process, during which time the economic feasibility of production may change. Development projects have no operating history upon which to base estimates of future cash operating costs. Particularly for development projects, estimates of proven and probable reserves and cash operating costs are, to a large extent, based upon the interpretation of geologic data obtained from drill holes and other sampling techniques, and feasibility studies which derive estimates of cash operating costs based upon anticipated tonnage and grades of ore to be mined and processed, the configuration of the ore body, expected recovery rates of the gold from the ore, comparable facility and equipment operating costs, anticipated climatic conditions and other factors. As a result, it is possible that actual cash operating costs and economic returns may differ significantly from those currently estimated. It is not unusual in new mining operations to experience unexpected problems during the start-up phase. Delays often can occur in the commencement of production.
MINING RISKS AND RISK OF NONAVAILABILITY OF INSURANCE
The business of gold mining is subject to a number of risks and hazards, including environmental hazards, industrial accidents, labor disputes, encountering unusual or unexpected geologic formations or other geological or grade problems, encountering unanticipated ground or water conditions, cave-ins, pitwall failures, flooding, rock falls, periodic interruptions due to inclement or hazardous weather conditions or other unfavorable operating conditions and other acts of God and gold bullion losses. Such risks could result in damage to, or destruction of, mineral properties or producing facilities, personal injury or death, environmental damage, delays in mining, monetary losses and possible legal liability. We maintain insurance against risks that are typical in the operation of its business and in amounts that it believes to be reasonable. Such insurance, however, contains exclusions and limitations on coverage. There can be no assurance that such insurance will continue to be available, will be available at economically acceptable premiums or will be adequate to cover any resulting liability.
WE HAVE A LIMITED OPERATING HISTORY AND HAVE MADE NO PROFITS SO FAR.
We are a development stage company and have not generated any revenues from our new line of business. We have incurred start up costs and other administrative expenses and have not booked any profits so far.
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