here is a little verifiable history from the latest 10-q
On January 17, 2007, management announced that it has made a $4,500,000 investment in the Matagami Mining Camp, located in the Province of Quebec, Canada. This investment involves the acquisition of 292 Mining Claims in the world-class mining district. The realization of this significant investment by QTTM is the result of five months of intense negotiations with the property owners. It serves as the cornerstone of its goal to become an important player in the mineral exploration and development industry.
On January 22nd, 2007, Quantitative Methods Corporation announced that as part of its $ 4.5 million aggregated value investment, it has acquired 292 mining claims in the Matagami Mining Camp; located in the Province of Quebec, Canada. The territory claims are located adjacent to the Perseverance Zinc mine owned by Xstrada PLC, world’s fifth-largest diversified mining company by market capitalization. QTTM has, in effect, completed the acquisition of 292 mining claims covering an area of 35 square miles in the Matagami Mining Camp. The transaction is made between “Quantitative Methods Corp.” and “Exploration Minière Grenville Inc”, and is for an aggregated value of $4,500,000 million (US) in return of valued considerations: including cash and shares. This transaction is conditional to the approval of regulating and governing authorities. The mining claims are located approximately 10 km. west of Matagami, in the “Daniel Cavalier Townships”, (NTS Map Sheet 32F12). Matagami Mining Camp is a world class mining district, composed of 18 known volcanogenic massive sulphide (VMS) deposits. The area is host to historical production of 8.6 billion pounds of Zinc and 853 million pounds of Copper and has established infrastructure including; a railway, paved road and 2,350 t/day mill owned by “Falconbridge”.
Considering the unique business opportunity to acquire 292 Mining Territory Claims in Matagami Mining Camp, who revealed promising exploitation potential; the Board of Directors has approved on January 25th, the new business orientation and voted unanimously in favor of the reorganization plan. The plan involves a series of changes including; moving the Corporate headquarters to 1212 Redpath Crescent Montreal (Quebec) Canada H3G 2K1, it also implicates the constitution of a line executive team, to fulfill the requirements of the new business direction, and investment and capitalization program to adequately fund the realization of the project.
The board of directors also approved on January 25, 2007, the Corporation’s name change to “M45 Mining Resources Inc.” who will become effective once approved by Regulating and Governing Authorities. The name has been reserved with State of Nevada.
On February 5, 2007, the Company filed a disclosure form 8K “Entry into a Material Definitive Agreement.”
The Company’s management has reoriented his business vocation, to increase shareholders’ value subsequent to previous unsuccessful business developments of our subsidiary Roadvision’s technology, and after evaluating level of advancement from direct and indirect competition compared to the current respective position of the Corporation.
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Management will evaluate and analyze all potential avenues in regards to the Company’s direct implication in Roadvision, and will inform its shareholders of its decision within the next quarter. Meanwhile all activities and developments have been temporarily suspended until final decision is rendered.
Employees
As of December 31, 2006, the Company had no full time or part-time employees. The President and Secretary-Treasurer have agreed to allocate a portion of their time without compensation to the activities of the Company.
QTTM’s current management have indicated a willingness, for the time being, to continue rendering services to the Company, to advance sufficient funds to meet our operational needs, and not to demand payment of sums owed. The Company therefore believes that it can continue as a going concern in the near future.
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