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Off Balance Sheet Arrangements – DHK Diamonds INC. (“DHK”)
URL: http://dentonia.net/financials/off_balance/index.php?content_id=2&page_number=1
Content was created on: June 19, 2006
Off Balance Sheet Arrangements – DHK Diamonds INC. (“DHK”)
The Company’s interests in the WO claim block, mineral leases SAS1, 2, 3 and three (3) Pellatt Lake claims, and 3 Pellatt Lake Leases are indirectly held through DHK, a private company incorporated under the laws of NWT, in which the Company has a 42.5% equity position.
The following advances were made, by way of subscription for common shares, at prices ranging from $100, $37.31 and $22.11 per share, by the respective shareholders of DHK, adjusted as of November 30, 2007.
Shareholders’ Advances and Subscription:
|
| Dentonia Resources Ltd. |
$3,008,400.05 |
| Horseshoe Gold Mining Inc. |
$1,487,114.00 |
| Kettle River Resources Ltd. |
$3,008,400.05 |
| |
$7,503,914.10 |
Share Position and Percentage of each shareholder as of November 30, 2007:
|
| |
Total Shares
Issued to each
Shareholder
As of November 30, 2007
|
Percentage |
Dentonia |
44,064 |
42.50% |
Horseshoe |
15,553 |
15.00% |
Kettle River |
44,064 |
42.50% |
TOTAL: |
103,681 |
100% |
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