Transcript ZEOX Corporation David Thom, Chief Executive Officer

ZEOX Corporation
David Thom, Chief Executive Officer
ZEOX Corporation
David Thom, Chief Executive Officer
• Former director from inception in 1997 to August 2002
• Gave the founder his first cheque to explore for Zeolites in
Nova Scotia
• Took the company public on the then Alberta Stock Exchange
through an Exchange Offering Prospectus
ZEOX Corporation
David Thom, Chief Executive Officer
• Have been a director and/or officer of a number of reporting
issuers the majority of which are or were listed on the TSX or
the TSXV (or its predecessor exchanges)
• Have acted for a small investment dealer in carrying out due
diligence for the IPO’s of Jazz Golf Equipment and Fort Garry
Brewing Company Ltd.
• Listed the spin-out of the International Equity Derivatives
Group (Maple Partners), out of First Marathon Securities prior
to its acquisition by the National Bank of Canada
Where Are We Now?
• Cease Trade Order for Failure to File Financials
• Trading on TSXV Suspended
• Audited Statements almost ready
• Preparing to file litigation in Arizona – target is
for early next week
How Do We Get Trading Again?
• File Audited Statements
• Apply for Revocation of Cease Trade Order
• Continuous Disclosure Review
• TSX Venture Exchange reinstatement review
(Continued Listing Requirements)
Where Have We Been?
A New World?
• Spindler & Shea appointed CEO & CFO Aug 24,
2009
• Founder Hogg resigns as director & CEO Aug
24, 2009
• Spindler appointed director & made Chairman
Sep 4, 2009
A Good Start
• Close Financing of $707,0001 Sep 25, 2009
• Advise April 2010 close for merger Nov 24,
2009
• Close Financing of $1,046,0001 on Dec 9, 2009
1. At $0.1725 + warrant exercisable at $0.27
What They Said?
September 2009
•
Going forward, Zeox will consist of the 3 Crown Jewels
1. Ash Meadowns - Zeolite
2. Bowie Chabazite
3. Technology
 Mercury Removal
 Zeofume
• Ash Meadows
 40MM tons of proven Reserves
 Average Selling Price of $175/ton
• Bowie Chabazite
 Upper Bed (Zeofume and Water Filtration):
 1.3MM tons of proven Reserves
 Average Selling Price of $700/ton
 Lower Bed (Mercury Removal):
 880,000 tons proven, 1.1MM probable
 Average Selling Price $1000/ton
What Happened?
• Spindler & Shea resign Jun 18, 2010
• Imagin Terminates Merger Jun 19, 2010
• Imagin Claims Break Fee of $600,000
• Eyde resigns Jun 22, 2010
What Happened – Part II?
• Imagin Demands Payment of Note Jun 24, 2010
• Notice that Eyde has accepted a position with
Imagin Minerals and St. Cloud Mining on Jul 6,
2010
• Notification of Disposition of Collateral after Jul
16, 2010, dated Jun 30, 2010 received by mail by
ZEOX Jul 6, 2010
What Happened – Part III?
• ZEOX legal counsel denies Imagin claim for
break-fee and demands the $250,000 break
fee from Imagin and unliquidated damage
claims in excess of $1 million on Jul 16, 2010
• On Jul 26, 2010 ZEOX receives by mail
notification that the assets were sold to St.
Cloud Minerals on Jul 19, 2010
What Has Been Done Since?
• Underwent Compliance Review with the TSXV
• Engaged Arizona counsel for litigation
• Added new Directors
• Held Annual General Meeting
What Has Been Done Since – Part II?
• Created entire new website
• Recreated or regained company records – ship
records from AZ – others?
• Introduced cost control & reporting functions
• Paid auditors to get them to start – mid October
• Closed private placement Oct 28, 2010
Directors
•
Tim Wuest –director since Aug 2007 and President of Badger Mining Corp., a privately held, family-owned
international corporation that manufactures industrial silica sand, limestone and other aggregates.
Industrial markets include hydraulic fracturing, gravel packing, foundry core and molding applications, and
other industrial applications.
•
Nicolette Yan Wang – 17 years of experience in marketing, corporate communications and branding in
Canada, China and Germany. Ms. Wang was most recently a consultant to ZEOX from February 2008 to
December 2009. Previously Ms. Wang was a marketing executive with NAI Interactive Ltd., a subsidiary of
ChineseWorldNet.com Inc. Earlier she contracted her marketing and investor relations skills to “The ASIA
Miner” and built strategic alliances with many mining industry leaders in Canada and China. Ms. Wang
holds a Bachelor’s Degree from the University of Shanghai for Science and Engineering and a Business
Certificate in Marketing, Management and International Business.
•
Robert Findlay – CEO & President of Auric Development. He has worked with Atlas Copco Construction &
Mining from 1988 to 2004 in Underground Equipment Sales and Business Development and has since
been an independent consultant providing management consulting, corporate finance and business
development services to public and private companies. Mr. Findlay has served on the boards of several
private and public companies from incorporation to listing on the TSX Venture Exchange. Mr. Findlay is an
honours graduate from Haileybury School of Mines (1987).
Directors
•
Steve Veich - Mr. Veitch is a lawyer called to the bar of the Province of British Columbia. Since 2003, Mr.
Veitch has advised clients in the area of corporate and securities law. Mr. Veitch has obtained extensive
experience advising clients with respect to financing transactions, reorganizations and going public
transactions. Mr. Veitch obtained a MBA from the University of British Columbia in 2000, and a Bachelor
of Laws from UBC in 1998.
•
David Thom - Mr. Thom is the founder of DMT Capital Corp., a private company that provides
management, venture capital financing, and financial workout and restructuring consulting services,
primarily for early stage companies. Mr. Thom has been the leader of a variety of transactions including
initial prospectus offerings, reverse takeovers, takeover bids, and the sale or disposition of assets. He has
also led a number of financial workouts and restructuring of debt obligations and has also been a
consultant to a number of private companies in a variety of industries including text messaging, solar
power, file transfer systems, gold exploration, wellhead heating systems, tequila production, and heavy oil
enhancement.
What About the Market?
• Trading resumed in early August at low of 2 cents with
large sell-off of shares
• Huge buying of ZEOX shares in the open market from 2
cents to almost 7 cents
• Aug 4 – Nov 4 over 20 million shares traded on TSXV
• Over 50 million shares inclusive of German exchanges
Shareholder Base
• German and Swiss asset management firms
increased positions
• Activist fund bought large number of shares
on the open market
• Have replaced most disgruntled shareholders
with new optimistic shareholders
Capitalization
Share/Exercise
Price
Shares
Issued and Outstanding Jun 30, 2010
Private Placement
Total
Gross
Proceeds
67,660,410
5,531,465
$
73,191,875
0.05 $
276,573
$
276,573
Warrants-Expire Sep 11, 2011
2,765,733
$
0.05 $
138,287
Options
3,000,000
$
0.05 $
150,000
$
564,860
Total
78,957,608
Where Do We Go From Here?
• Remove CTO & get trading
• Then will be back to see you for private
placement
• Proceed with legal action – chances?
• Pursue other opportunities – realistic?