As we all know IGS owns 93% of Latin Gold (UK) which in turns owns a company incorporated in London called Latin Gold Limited which in turn owns 35% of the Brazilian Gold Project by way of Joint Venture.
This Brazilian Project is the only value in IGS and it is significant !! some 690,000 Oz Au JORC and growing per exploration.
Source of Information: Companies House (UK) similar to Australia ASIC.
As at 13th January 2015 Latin Gold has been issued a "strike off notice" that if in 3 months the company doesnt rectify it corporate documents / other then the company Latin Gold will be deregistered and the company dissolved. That means if the Directors of Latin Gold Mr Tony Sage, Mr Bernard Aylward, Mr Fabiano Deffenti do not resolve the company Latin Gold reporting issues Latin Gold will be dissolved and IGS will loose its some 93% interest in Latin Gold and subsequently the Brazilian Gold Project.
The end date for Latin Gold Limited to be struck off and dissolved is 13 April 2015.
As at the 5th March 2015 - Mr Tony Sage and Mr Bernard Aylward have terminated as Directors of Latin Gold Limited per the termination notice filed at Company House (London) and Mr Fabiano Deffenti is still showing as a Director of Latin Gold but is domicile in Brazil.
IGS Price at posting:
0.1¢ Sentiment: None Disclosure: Held
