The Company has  estimated that a compliant report will be filed with and accepted by the BCSC and the CTO will be lifted by December 26, 2012, at the earliest or by January 26, 2013, at the latest.

 

Barkerville to pledge all assets as loan security

 

2012-11-26 18:02 ET - News Release

 

The proceeds from the loan will be used: (i) to satisfy minimum overhead expenses to sustain operations, (ii) to satisfy minimum wages, consulting fees and benefits, (iii) to satisfy costs related to completing the National Instrument 43-101 technical report required in accordance with the cease trade order, (iv) to pay trade accounts payable related to the report, and (v) to pay past due payroll remittances.

Upon the company receiving TSX Venture Exchange approval of the loan, the company estimates that it will require one to two months to prepare and file the report and to deal with the technical disclosure issues to obtain a full revocation of the CTO subsequently.

 

 

 

Barkerville closes $2.44-million loan from Callaghan

2012-12-05 20:34 ET - News Release

 

The proceeds from the loan will be used: (i) to satisfy minimum overhead expenses to sustain operations, (ii) to satisfy minimum wages, consulting fees and benefits, (iii) to satisfy costs related to completing the National Instrument 43-101 technical report required in accordance with the cease trade order, (iv) to pay trade accounts payable related to the report, and (v) to pay past due payroll remittances; all of which should be sufficient to sustain minimum company operations for a period of approximately 2-1/2 months from the date