Palladon Ventures Ltd. provides the following update. Due to a lack of financial resources, Palladon is unable to meet the compliance requirements necessary to remain a reporting issuer that is not in default of Canadian securities laws. This includes being unable to conduct an annual audit and produce audited financial statements for the year [...]
Palladon Ventures Ltd. provides the following update. All amounts are in US dollars. After conducting a lengthy sales process and considering all available alternatives, CML Holdings, Inc. has entered into an Asset Purchase Agreement with Gilbert Development Corporation for the sale of virtually all the assets of wholly-owned CML Metals [...]
As a result of a review by the British Columbia Securities Commission, Palladon Ventures Ltd. is issuing the following press release to clarify its financial disclosure. The Company will, for a second time, amend and restate its audited financial statements and MD&A for the fiscal years ended February 28, 2014 and 2013. The auditor's report [...]
As a result of a review by the British Columbia Securities Commission, Palladon Ventures Ltd. is issuing the following press release to clarify its financial disclosure. Palladon will amend and restate its audited financial statements and MD&A for the fiscal years ended February 28, 2014 and 2013, and the first quarter interim statements dated May [...]
Palladon Ventures Ltd. provides the following update from CML Metals Corporation. Update to CML Stakeholders CML Metals Corporation today announced that it has placed its Iron Mountain iron ore mining operations and concentrate plant on care and maintenance effective October 18, 2014. As of this date, the company will suspend mining and concentrate [...]
Based on conversations with CML management, Palladon Ventures Ltd. is pleased to provide the following update for CML. Palladon is pleased to announce that after a period of ramp-up and testing, CML has brought its new Hyperbaric Filter units on-line and reached sustained iron ore concentrate production. As a result of bringing the HBFs on-line [...]
Palladon Ventures has posted to its website a PFIC Annual Information Statement, which states that for Palladon's taxable year ended February 28, 2014, the pro-rata Ordinary Earnings, Net Capital Gain, and Cash/Property distributions are all $nil. Palladon disclosed on April 16, 2013 that because it is a Canadian corporation with more than 50% of [...]
Palladon Ventures Ltd. announces that Robert Getz has resigned from its board of directors as of January 15th. The company wishes to thank Mr. Getz for his dedicated service and significant contributions since joining the board in 2008. Importantly, Mr. Getz will continue to serve as the Palladon designee on the board of directors of CML Holdings [...]
Palladon Ventures Ltd. announces the following update for CML Holdings, Inc. Based on conversations with CML management, Palladon is pleased to provide the following update for CML logistics, plant operations, hedging arrangements, liquidity, and resource development activities. Logistics Earlier this year, as previously reported, CML secured port [...]
Palladon Ventures Ltd. has determined that because it is a Canadian corporation with more than 50% of its consolidated assets classified as passive, the U.S. Internal Revenue Service considers Palladon to be a passive foreign investment company. Palladon became a PFIC on March 15, 2010, when it executed the Satisfaction and Settlement agreement [...]
Palladon Ventures Ltd.announces the following update for CML Holdings, Inc. Based on conversations with the management of CML Metals, Inc., we are pleased to provide you with the following update for CML on its logistics, plant operations, hedging arrangements and resource development activities. Logistics: After many years of work to secure port [...]
Palladon Ventures Ltd. announces the following update from CML Holdings, Inc. CML Holdings Shareholder Update November 9, 2012. Dear Shareholder, We are pleased to provide you with the following shareholder update regarding CML Holdings, Inc. Capital Structure: On September 28, 2012, the Company made an unscheduled $40 million principal payment [...]
