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MESSINA'S HISTORY
Messina Minerals Inc evolved from Mishibishu Gold Corporation, which itself resulted from the amalgamation of four companies in 1989: Caribbean Resources Corporation, Exmar Resources Limited, Mishi Lake Resources Limited, and Mishibishu Resources Limited. In one form or another, Messina and its predecessors have been publicly traded since 1978.
1978 to 2003
During the 1980's, the four exploration companies acquired gold properties in the Mishibishu greenstone belt located west of Wawa, Ontario during the gold rush which followed the discovery of the giant Hemlo gold mine.
These four companies were Caribbean Resources Corporation, Exmar Resources Limited, Mishi Lake Resources Limited, and Mishibishu Resources Limited.
Each shareholder of Caribbean Resources Corporation received 0.4215 shares of Mishibishu Gold Corporation. Each shareholder of Exmar Resources Limited received 0.5334 shares of Mishibishu Gold Corporation. Each shareholder of Mishi Lake Resources Limited received 1.0 shares of Mishibishu Gold Corporation. Each shareholder of Mishibishu Resources Limited received 0.6278 shares of Mishibishu Gold Corporation.
Mishibishu Gold Corporation then controlled the Mishi Pit gold deposit as well as the Mishi Lease gold property and the Pukaskwa gold property. In 1998, Mishibishu sold the Mishi Pit gold deposit to River Gold Mines for $840,000 and retained a residual royalty on gold production.
2003 to Present
On January 14, 2003 Mishibishu Gold Corporation consolidated its issued common shares on a 3:1 basis and the company was renamed Messina Minerals Inc.
Messina Minerals focussed on zinc exploration in eastern Canada with the acquisition of a large package of mineral lands containing historic zinc resources in Newfoundland (the Tulks South and Long Lake properties) from Xstrata.
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