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sunset cove mining inc (SSM) Snapshot

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01/27/14 - C$0.20
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09/3/14 - C$0.01
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sunset cove mining inc (SSM) Details

Sunset Cove Mining Inc. engages in the acquisition, exploration, and development of precious metal properties. It primarily explores for silver and graphite deposits. The company has interests in the Carolay polymetallic silver property comprising 7 mining concessions, which cover an area of approximately 5,784 hectares and is located in La Libertad region in northern Peru; and the Lac Guéret West graphite property that consists of 187 contiguous claims covering 10,800 hectares and is located to the north of Baie Comea, Quebec. Sunset Cove Mining Inc. is headquartered in Toronto, Canada.

sunset cove mining inc (SSM) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: C$93.8K
Co-Founder, Chairman, Chief Operating Officer...
Total Annual Compensation: C$93.8K
Chief Financial Officer
Total Annual Compensation: C$40.5K
Compensation as of Fiscal Year 2013.

sunset cove mining inc (SSM) Key Developments

Sunset Cove Mining Announces Acquisition of Additional Graphite Claims in the Lac Guéret Mining Camp

Sunset Cove Mining announced that it has signed a Mineral Option Agreement with a group of Quebec prospectors to purchase, by way of an option agreement, 100% of the Lac Guéret North Graphite Property in northeastern Quebec. This transaction means that Sunset Cove now owns 10,900 hectares in the Lac Guéret mining camp that is home to the Mason Graphite discovery. The Lac Guéret North Property is located in the developing graphite exploration camp, roughly 300 km north of Baie Comeau and 660 km north of Montreal. The property is road accessible and within the Grenville province. The 5,600 hectare Lac Guéret North property lies to the north-east of Mason Graphite's 11,630 hectare Lac Guéret Graphite Project which has already filed a favourable NI 43-101 compliant report and a Preliminary Economic Assessment (PEA) with a Measured and Indicated Resource of 50 million tonnes at a grade of 15.63% CGR (Carbon as Graphite), a two and a half year payback period and a proposed mine life of 22 years based on only a partial exploration of the property. It should be noted that mineral resources that are not mineral reserves do not have demonstrated economic viability. The company states it intends to transition the project to production by the end of 2015. This option agreement is subject to Board and TSX-V approval. The terms of the option require a payment of $90,000 that is payable in shares and in three installments over the next twelve months.

Sunset Cove Mining Inc. Auditor Raises 'Going Concern' Doubt

Sunset Cove Mining Inc. filed its Annual on Jul 29, 2014 for the period ending Mar 31, 2014. In this report its auditor, Morgan & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Sunset Cove Mining Inc., Annual General Meeting, Jun 12, 2014

Sunset Cove Mining Inc., Annual General Meeting, Jun 12, 2014., at 09:30 US Eastern Standard Time. Location: 1155 boul. René-Lévesque W.. Agenda: To receive the audited financial statements for the financial year ended March 31, 2013, together with the auditors' report thereon; to appoint auditors for the ensuing year and to authorize the corporation's directors to fix the remuneration to be paid to those auditors; to elect the corporation's directors for the ensuing year; to approve a consolidation of the shares of the corporation; to approve the stock option plan for the corporation; and to transact such other business as may properly be transacted at the meeting or at any adjournment thereof.


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