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Canadian Stocks/Norgold Mines Limited

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Question
Are there no mining activities in the Boston Creek Mining District, listed in the Norgold Syndicate certificate, now?

Answer
Carole, if that is the Boston Creek area on Vancouver Island in British Columbia, there really isn't, but even if there was, it likely has zero to do with Norgold Syndicate.

Syndicates were special for purpose entities formed to explore a specific property or area. They were not stocks - they were formed under a special section of the corporate code. They were never publicly traded and instead sold to a small number of people, usually family and friends by word of mouth. Once the money was gone, they dissolved. If they found anything of value, it was usually sold to another company for stock, which was then distributed to the syndicate members. Syndicates didn't hold property long-term as, unlike corporations, they were designed to have a very limited life.

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