11:36:07 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Crowflight Minerals Inc
Symbol CML
Shares Issued 583,631,791
Close 2011-01-17 C$ 0.065
Market Cap C$ 37,936,066
Recent Sedar Documents

Crowflight amends April 9 information circular

2011-01-18 17:21 ET - News Release

Mr. Derek Liu reports

CROWFLIGHT AMENDS DISCLOSURE RECORD

Crowflight Minerals Inc., consequent upon a review by staff of the Ontario Securities Commission (OSC), on Jan. 13, 2011, filed supplemental executive compensation disclosure to supplement the information contained in the company's management information circular dated April 9, 2010, on SEDAR.

This supplemental disclosure is to comply with the requirements of Form 51-102F6, statement of executive compensation, to provide additional executive compensation disclosure for the company to supplement the information contained in the circular. Specifically, it includes information stating that Stan Bharti was a "named executive officer," which was not disclosed in the circular, correcting and clarifying the company's disclosure regarding the use of benchmarking to determine salaries of executive officers (including the chief executive officer) and the establishment of performance goals to determine bonuses, and including a discussion of how the trend in the performance graph compares with the trend in the company's compensation of executive officers.

The company also filed on SEDAR on Nov. 25, 2010, a redacted version of a material contract, namely its Bucko Lake concentrate sales agreement dated July 11, 2007, between the company and Xstrata Nickel Inc. Pursuant to the offtake arrangement, the company has agreed to sell, and Xstrata Nickel has agreed to purchase, 100 per cent of the nickel concentrate produced at the Bucko Lake mine at commercially competitive terms during the life of the Bucko Lake mine. This material contract should have been filed at an earlier date and was filed as a result of a review by the OSC.

The material change report filed on Jan. 5, 2011, related to the company's Stockwatch news release dated Dec. 29, 2010, about the issuance of 58.4 million shares for partial debenture conversion, and the material change reports filed on Aug. 16, 2010, related to the company's Stockwatch news release dated June 16, 2010, about the change of board of directors and King Place's additional investment in the company, and the company's Stockwatch news release dated Nov. 16, 2009, about the temporary suspension of Bucko Lake mine operation, should have been filed at an earlier date and were filed as a result of a review by the OSC.

We seek Safe Harbor.

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