GOLD LAKES CORP.

28 Sept 2011material agreement termination● NeutralMajor

Siga agreed on September 20, 2011 to buy the Montauban Gold Tailings Claims near Quebec City from Laguna Finance Ltd. for 10,000,000 restricted shares at a deemed $2.00 each ($20,000,000 deemed value), subject to a 1.5% net smelter royalty, with shares due by September 30, 2011. It also dropped the Big Bear acquisition because follow-up evaluation did not show a target meeting its goals. This ends the Big Bear thread, including the Bentall joint venture built on it (the filing does not say what happens to that joint venture).

Discuss in chat

22 July 2011material agreement▲ GoodMajor

Siga agreed on July 18, 2011 to a 50/50 joint venture with Bentall Fairview Resources Co. Ltd. (Ontario) on the Big Bear Mining Claims project, with Siga as operator. Bentall is to fund $200,000 for the initial work (by August 2 and September 16, 2011) and $9,800,000 for production, called as needed over about two years.

Discuss in chat

12 July 2011material agreement● NeutralMajor

Siga revised the Big Bear deal: it may run a work program (120 days, estimated $50,000 to $100,000), then issue 3,000,000 shares if satisfied, with up to 8,000,000 more shares tied to proving 1, 2, 2.5 and 3 million ounces of gold (11,000,000 total). Siga also cancelled the Crown Equity Holdings contract and returned the 2,000,000 shares issued to it in May to treasury, reversing that part of the earlier 8-K.

Discuss in chat

20 June 2011material agreement● NeutralMajor

Siga signed a non-final letter of intent on June 14, 2011 with Montana Mining Corporation to acquire 100% of the Big Bear Mining Claims 1-9 in San Bernardino County in exchange for 11,000,000 restricted shares. The shares would be issued only after due diligence and a formal agreement, expected by July 7, 2011.

Discuss in chat

19 May 2011capital raising announcement▲ GoodMajor

The company (then named Siga Resources, Inc., the later Gold Lakes Corp.) agreed on May 12, 2011 to a 50/50 joint venture with Big Rock Resources Ltd. to develop the Lucky Thirteen gold placer project. Big Rock is to pay $400,000 for the initial work program (by May 31, 2011) and $8,500,000 to put the project into production. The project is run through Lucky 13 Mining Company Ltd., owned 50/50, and Siga's interest in the original acquisition agreement is assigned to it. The company also issued 2,000,000 restricted shares to Crown Equity Holdings Inc. for six months of investor relations and advertising services.

Discuss in chat