BullionRiver America's Next Great Gold Producer...
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20.03.2008
FOCUS-MONEY
München (aktiencheck.de AG) - Die Experten von "FOCUS-MONEY" halten die Aktie von Bullion River Gold (ISIN US1202551040 / WKN A0B931) für spekulativ veranlagte Anleger für interessant.
Der Titel des Goldexplorers sei bisher von den Anlegern kaum beachtet worden, obwohl die Goldproduktion allmählich ans Laufen gebracht werde. So wolle man zum Jahresende eine monatliche Förderrate von gut 2.000 Unzen erreichen. Vor diesem Hintergrund würden die Experten der Gesellschaft einen Gewinn von durchaus 7 Mio. USD zutrauen.
Neben der produzierenden French-Gulch-Mine in Kalifornien betreibe Bullion River Gold weitere Projekte in Kalifornien und Nevada. Bisher habe Bullion River Gold 320.000 Unzen Gold nachweisen können, doch nach Einschätzung der Experten dürfte die gesamte Goldlagerstätte viel größer sein.
Die Experten von "FOCUS-MONEY" empfehlen, die Bullion River Gold-Aktie bis 0,22 Euro zu kaufen. Ein Stoppkurs sollte bei 0,13 Euro platziert werden. (Ausgabe 13) (20.03.2008/ac/a/a)
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Form 8-K for BULLION RIVER GOLD CORP
2-Jul-2008
Entry into a Material Definitive Agreement, Change in Directors or Princi
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On June 26, 2008, Bullion River Gold Corp. ("Bullion River" or the "Company") entered into an Employment Agreement with Timothy A. Callaway, whereby Mr. Callaway will serve as the Company's new President and Chief Executive Officer. The material terms and conditions of Mr. Callaway's appointment are reported under Item 5.02 and incorporated herein by reference.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On June 26, 2008, Bullion River entered into an Employment Agreement with Timothy A. Callaway, appointing Mr. Callaway President and Chief Executive Officer ("CEO") of the Company, to commence on July 1, 2008 (the "Employment Agreement").
Pursuant to the terms of the Employment Agreement, Mr. Callaway's employment as President and CEO of the Company will commence on July 1, 2008 and will continue until terminated pursuant to the terms of the Employment Agreement, but no later than December 31 of the year in which Mr. Callaway turns 70 years of age. Mr. Callaway will receive an annual salary of $165,000, which will automatically increase to $185,000 per year on January 1, 2009, and $240,000 per year on January 1, 2010. During the term of his employment, Mr. Callaway will receive certain standard employee benefits generally available to all other officers and employees of the Company. Further, under the terms of the Employment Agreement, the Company has the right to terminate Mr. Callaway's employment immediately for cause and upon 60 days prior written notice without cause. In the event Mr. Callaway is terminated without cause, he will be entitled to a severance benefit equal to one year's annual salary, increasing one year for each year of employment up to a maximum severance benefit equal to four years' annual salary at the then current rate of compensation. Mr. Callaway has the right to terminate the Employment Agreement at any time upon 30 days prior written notice to the Company. In the event Mr. Callaway elects to terminate the Employment Agreement, the Company will not be obligated to pay any severance benefit. Notwithstanding any other provisions, in the event the Company terminates the Employment Agreement within six months of a "change in control" (being defined as the issuance of 33% or more of the issued and outstanding capital stock of the Company in connection with a merger, consolidation or other business combination, or if the Company is acquired in a merger or other business combination in which the Company is not the survivor), then the Company shall pay Mr. Callaway a severance benefit equal to four years' annual salary at the then current rate of compensation. In addition, if Mr. Callaway terminates the Employment Agreement within six months of a change in control after determining that the policies and procedures of the Board of Directors are unacceptable, then the Company shall pay Mr. Callaway a severance benefit equal to one year's salary.
Other than his compensation arrangements relative to his employment, the Company is not aware of any transactions or any proposed transactions in which the Company or any of its subsidiaries was or is to be a participant, and in which Mr. Callaway or any member of his immediate family had, or will have, a direct or indirect material interest. Mr. Callaway has no family relationships with any director or executive officer of the Company.
For further information regarding Mr. Callaway's appointment as President and CEO, please see the Employment Agreement, attached hereto as Exhibit 10.1 and incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(D) EXHIBITS. The following exhibits are furnished with this Current Report on Form 8-K:
EXHIBIT NO EXHIBIT DESCRIPTION
10.1 Employment Agreement between Bullion River Gold Corp. and
Timothy A. Callaway, entered into June 26, 2008 to commence
effective July 1, 2008
http://biz.yahoo.com/e/080702/blrv.ob8-k.html
Ausgegebene Aktien z.Z. 145.346.528 Stck.
http://www.sec.gov/Archives/edgar/data/1168458/...n_def14c-073008.txt
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Reuters Key Development - Nov 14, 2008
The Stock Exchange reported that Bullion River Gold Corp. has been delisted from AMEX to OTC Pink Sheets.
http://finance.google.com/...renews=10&rating=1&newsbefore=2008-11-15
stafford3: directors determined that it could no longer afford to remain a public company.
18.11.08 23:17
Bullion River Gold Corp. (OTCBB: BLRV) announced today that it has filed
a Form 15 with the United States Securities and Exchange Commission (the
"SEC") suspending its reporting obligations under the Securities Exchange
Act of 1934. Upon the filing of the Form 15, the company's obligation to
file current and periodic reports, including Forms 8-K, 10-Q and 10-K
will be suspended until the company's total assets exceed $10 million and
its shareholders of record exceed 500. In addition, the company's common
stock will cease trading on the OTC Bulletin Board. Due to the high cost
of compliance under the securities laws, rules and regulations applicable
to public companies, including the Sarbanes-Oxley Act of 2002, the
company's board of directors determined that it could no longer afford to
remain a public company.
Contacts:
Bullion River Gold Corp.
Tim Callaway
(775) 324-4881
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