DRC Resources Corporation (the "Company") - An application has been granted for the original listing in the Mining category of 10,693,766 common shares, of which 9,133,766 common shares are issued and outstanding, and 1,560,000 common shares are reserved for issuance.
These shares will be listed and posted for trading at the opening on Tuesday, December 31, 2002.
The Company will be subject to the reporting requirements of Section 502 of the Exchange's Company Manual.
| Stock Symbol: "DRC" |
CUSIP: 233296 10 2 |
| Temporary Market Maker: |
M. Ellis, Dundee Securities Corporation |
| Other Markets: |
The common shares of the Company have been listed for trading on TSX Venture Exchange since December 1, 1980 under the symbol DRC. The common shares will be delisted from TSX Venture Exchange on Tuesday, December 31, 2002. |
| Listing Statement No.5175 is being prepared and the following constitutes information appearing in the Statement: |
| Incorporation: |
The company was incorporated under the laws of the Province of British Columbia on Jan. 31, 1980. |
| Fiscal Year End: |
December 31 |
| Officers and Directors: |
President, CEO and Director |
John H. Kruzick
Coquitlam, B.C. |
| |
Chief Financial Officer |
Ian Mackenzie Beardmore
Vancouver, B.C. |
| |
Secretary and Director |
Sharon L. Ross
Surrey, B.C. |
| |
Director |
C. Robert Edington
Victoria, B.C. |
| |
Director |
Mike Muzylowski
Vancouver, B.C. |
| |
Director |
Thomas O. Taylor
Langley, B.C. |
| |
Director |
Craig D. Thomas
West Vancouver, B.C. |
| |
Vice-President, Corporate Development & Finance |
Bruno J. Mosimann
Zurich, Switzerland |
| |
Vice-President, Business Development |
Maurice Lee
Vancouver, B.C. |
| Nature of Business: |
The Company is in the business of acquiring and exploring natural resource properties. While it continues to review other mineral exploration prospects and projects in Canada, the Company plans to concentrate its main effort on its British Columbia Afton Copper-Gold project. |
| Transfer Agent & Registrar: |
Computershare Trust Company of Canada in Vancouver, BC, and Toronto, Ontario |
| Share Capital: |
Authorized
- 40,000,000 common shares
Issued
- 9,133,766 common shares
Reserved
- 600,000 common shares issuable pursuant to Property
Option Agreement
- 740,000 common shares issuable pursuant to the Directors', Officers' and Employees' options by Agreements exercisable at $3.00 per share at various expiry dates to September 13, 2004
- 70,000 common shares issuable pursuant to the Brokers' Warrants by Agreement dated July 24, 2002, exercisable at $3.00 per share until July 24, 2003
- 100,000 common shares issuable pursuant to the Employee options by Agreement dated September 18, 2002, exercisable at $3.05 per share until September 18, 2004
- 50,000 common shares issuable pursuant to the Director's and Officer's options by Agreements dated December 5, 2002, exercisable at $3.50 per share until December 5, 2004 |
| Dividends: |
The Company has not paid any dividends or made a distribution since its incorporation |
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